Delphi’s salaried retirees lost their shirts after the Delphi bankruptcy and the GM bailout. Now they lost their main voice in congress. Rep. Christopher Lee resigned last week after Gawker showed a picture of a bare-chested congressman. Read More >

Chrysler and Fiat CEO Sergio Marchionne has given Forbes’ Joann Muller what I believe to be one of his best interviews since arriving on the US scene. In it, Sergio dishes on everything from the bailout (“I risked everything – I got 35 percent of something that was worth nothing”), to Chrysler’s 2011 sales target (“a very, very tough uphill battle”), to its new product

I couldn’t have done more from a product standpoint than I’ve done. I mean you know, I tried every trick in the book that I knew and I invented some, but you know, 16 products in 12 months – at least that part of it was a record. The rest of it is to be proven.

But the strangest revelation from Sergio is that Alfa Romeo’s future success will be, in a manner of speaking, “Imported from Detroit.” Read the whole thing over at Forbes, or hit the jump for Sergio’s vision for his red-blooded Italian brand.

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Today, a shocking pink, rose decorated 1964 Chevy Impala named “Gypsy Rose” will lead a funeral procession of lowriders through East L.A. It will follow its owner to the grave. Jesse Valadez, a founding member of the legendary Imperial Car Club in East L.A., died of colon cancer Jan. 29 at age 64. For those who don’t know: Read More >

For a company that’s crowing about its sales growth and profitability, General Motors has been doing the kind of executive shuffling we became accustomed to seeing in the bad old days before the bailout. Already this week, freshly-minted Global Marketing boss Joel Ewanick put his former Hyundai colleague Chris Perry in charge of Chevy’s US marketing, and transferred Buick marketing duties from John Schwegman to former Volt marketer Tony DiSalle. The head of Onstar, Chris Preuss, has also stepped down this week, leaving former Sprint Nextel and Verizon executive Linda Marshall in charge. And today came the big one: 49 Year-Old Mary Barra has replaced Tom Stephens at the top of GM’s new-product development team as Stephens ascends to the new position of Chief Technology Officer.

These changes come straight from the top, as CEO Dan Akerson created the chief global marketing officer and chief global technology officer positions, requiring other executives like Barra and Perry to move up in the company. But will “global” czars actually catch GM up on new product development, one of its major deficits vis-a-vis the competition? More importantly, will Barra simply become the latest GM lifer to bump up against the Peter Principle? The fact that she’s leaving Human Resources to take on The General’s most important task certainly has the scent of Old GM’s corporate politics on it…
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There’s a slightly used 1977 Peugeot 504 on the market, and the last bid stood at one million $.

One owner only: Iran’s President Mahmoud Ahmadinejad. His car was put on an international auction this Saturday, Iranian state media reported as per the Business Recorder. According to Iran’s official IRNA news agency, the bid came from an Arab country. Read More >

In a nod to the fact that growth lies elsewhere on the globe, GM created a new position rarely seen elsewhere: Chief Marketing Officer (CMO). Job description: Head and direct global marketing. Job filled by: Joel Ewanick.

The marketing maven joined GM in May, after a very short (and apparently not too happy) stint at Nissan.  Ewanick became famous for his marketing work for Hyundai and for implementing gutsy marketing strategies. Ewanick is credited for a lot of Hyundai’s U.S. success. Read More >

At a press conference announcing new cooperation between Nissan and Mitsubishi, Nissan’s Carlos Ghosn presented the tie-up as a far-sighted move that will help both sides prosper. The Renault/Nissan boss explained

In the global auto industry, cooperation on specific projects among automakers is becoming increasingly common. It is a signal of how our industry is evolving to sustain success over the long term

But if his words were saying “cooperation,” Ghosn’s body language said “I’m hungry and your company looks bite-sized.”

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When “Maximum” Bob Lutz showed up on the advisory board at Lotus, we were hardly surprised about his choice of post-retirement projects. After all, Lotus is one of the most audacious (privately-funded) turnaround attempts in an industry that runs on turnarounds, and Lutz is the king of building automotive hype, fresh off of one of the most overexposed automotive projects in recent memory, the Chevy Volt. Besides, Lotus’s shot at an overnight leap from niche enthusiast brand to Ferrari and Porsche-rivaling juggernaut is so brazenly implausible, that Lutz actually lends credibility to the project. At least, he would do if he didn’t have that irrepressible knack for saying things like

People keep asking me if I’m sure the new plan will work, and of course I can’t guarantee that. It’s a risk. But I’m quite certain it stands a better chance than the Lotus status quo, which for sure would eventually lead this great brand into terminal decline

Lutz goes on to tell Autocar that Lotus’s billion dollar turnaround “a big gamble,” and admits that “a fair bit of showbiz” is driving Lotus’s quantum leap towards becoming a full-line sportscar and supercar maker. Does it sound like Lutz might have some mixed feelings about Lotus’s rush to trample its enthusiast credentials? More maximum mixed feelings below the fold.

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Comedian Adam Carolla has been associated with so many efforts to bring Top Gear to the United States, it must have stung him just a little to not be included in the History Channel’s adaptation of the British car show. But instead of getting mad, Carolla decided to get even. With fans of the original Top Gear largely united in their indifference to the Ferrara/Foust/Wood presenter team, Carolla is joining up with several other Top Gear rejects to create a little competition for Top Gear USA. The show is untitled as yet, but according to Variety

We all knew that Bob Lutz wasn’t going to spend his retirement circulating between the golf course and the early bird special, and when Lotus rolled out the most ambitious re-boot of any car company since GM, we should have known Lutz would end up involved somehow. After all, Lotus’s CEO Dany Bahar has bragged at length about making Lotus the “Real Madrid” (think Miami Heat) of  the sports car industry… and if there’s one high-profile prima donna in the car industry, it’s Mr Robert Anthony Lutz.
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I’ve always maintained that despite green noises about electric cars, Volkswagen, deep in their Wolfsburg hearts, doesn’t believe in them. Because they don’t make sense. If they are too expensive, people won’t buy them. Volkswagen has ample experience in this arena, probably more than anybody else. Ages ago, VW built a fuel-sipping 3 liter Lupo (3 liter / 100 km, 78 mpg.) The press lapped it up. The greenies creamed in their pants. Focus groups swore they’ll buy it, no matter the cost. They lied. In the showroom, the 3 Liter Lupo was a dud: Advanced materials had made it light, but also expensive. Customer reaction: “Interesting. Now how about that red GTI over there?”

Now finally, someone high up at Volkswagen has the guts to say it: Volkswagen doesn’t build electric cars because the customer wants them. Volkswagen makes EVs because the government demands them. Read More >

When is it a good time for a CEO to step down from an automotive company? This year we’ve already learned that ditching mere months before a major IPO was not a great move for GM CEO Ed Whitacre. But that surprise drop-out may just have been topped by CODA Automotive’s Kevin Czinger, who just resigned a month before his firm starts sales of its very first vehicle. The firm is in the midst of its pre-sales marketing, and is also currently pursuing $125m in financing from Morgan Stanley and others, making this a highly unusual time for a CEO to leave. Czinger, a Goldman Sachs alum, was crucial in bringing investments to CODA from other Goldman alums, including former Treasury boss Hank Paulson and John Bryson. Czinger will stay on as an adviser to the firm, as co-chairman Steve Heller will take over as interim CEO and COO. Earlier this year, Czinger called the CEO position his “dream job” (see video above).
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Carmakers around the world are falling into each others arms faster than after a speed-dating session. Some are more promiscuous than an avowed wife swapper. What is Honda, the #2 in Japan, up to? Especially after seeing a 35 percent drop in October, and that may just be the beginning of it.  Are they looking for some corporate nookie? Or will they remain celibate? The Nikkei [sub] had an interview with Honda CEO Takanobu Ito. Here are his most salient points, without any comments. Read More >

Want a free car? Threaten to burn a Quran, the holy book of Muslims around the world. It also helps if you are a Christian pastor, and you threaten to do it on the anniversary of 9/11. Read More >

The world of business all has their fair share of career bullshitters, and the car industry is no different. So this week’s Weekend Head Scratcher is this: Who do you think was the worst car executive ever? Read More >