Batten hatches! Europe is on an emergency dive. According to data just released by the ACEA, sales in May dropped by 9.3 percent compared to May 2009. Our Ford canary in the EU coal mine was right again: May numbers were worse than April numbers. In April, the EU market had been down 7.4 percent. But that’s not the worst part. Read More >
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Category: Toyota
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Toyota ReviewsToyota Motor Co., the world’s largest automaker, has been producing cars for more than 70 years. It wasn’t until after World War II, however, that production started to pick up. Toyota went from making 8,500 cars a year in 1955 to 600,000 in 1965. Models like the Toyopet and Land Cruiser hit the United States in 1957. Today Toyota is among the leaders when it comes to hybrid technology. |
Ed does things that are bolder and bigger rather than small and timid. All things being equal, Ed would like it bigger versus small. But all things aren’t equal. He needs to get the government the best value for its stake, too.
Former AT&T exec James Kahan tells BusinessWeek what kind of IPO GM’s Chairman would prefer. Unfortunately for “Big Ed,” that’s not up to him. GM’s value must be determined by the market, and due to political pressure on the government to end its ownership of GM and Chrysler, it will have to happen as soon as possible. A fourth-quarter IPO with “about half of the government stake [being sold] to the 20 top institutional investors” is in the cards. So we know the government won’t get out of GM entirely in the IPO… but how much will the market give the Treasury for half of its 61 percent stake?
A lawsuit brought in California against Toyota led to the disclosure of allegedly damning documents that could cost Toyota another huge fine if the documents contain what the lawyers say. Unless lawyers (or the media) were asleep at the wheel. According to USA Today, these documents “point to possible delays involving an earlier safety issue, one that could result in loss of steering control.” USA Today says records that are part of the lawsuit show that Toyota was dealing with cracking and breaking steering relay rods in the U.S. for at least 11 years before it recalled 330,000 pickups and SUVs in Japan to replace the rods — and 12 years before its 2005 recall of nearly a million similar trucks in the U.S.
Sounds kind of familiar. I’m not suffering from Alzheimer yet, so let’s go on a fact-finding mission to the TTAC archives … Read More >
Do you buy the base four-cylinder, or upgrade to a V6? For most car-purchasing decisions, this is an important question to think through. And usually the trade-offs are simple: you can pay more for more power and less efficiency with the V6, or save money and gas with the four-potter. And with fuel prices staying volatile, four-cylinder engines are becoming all the more popular: for example, Hyundai’s new Sonata has been engineered to be four-cylinder only. But according to Consumer Reports, the differences between the V6 and the four-cylinder option aren’t always as clear as you might expect.
As reported earlier, sales in Brazil in May were a mixed bag. Compared to April, sales slid 9.6 percent (from 278,000 vehicles in April, to 251,000 last month). However, on a year to year basis, sales managed an improvement of 1.7 percent over May 2009. The first five months of 2010 are still going at a record-breaking, best-ever pace (according to Brazilian enthusiast site bestcars.com.br). With the end of incentives clearly causing strain, the question is: How long? Read More >
Music and scents. That’s what surrounds me during my work at car shows. The music tries to drown out the display next door. The ladies, gentlemen, even the cars in the booth are carefully perfumed. (There are other scents … but let’s not go there.) Nothing evokes a greater emotional response than music and scents. Retail establishments have figured out how to get to you via your nose and ears for years. Until Smell-O-Vision is actually rolled out, TV advertising has to be content with the music side of things. Luckily, most auto manufacturers know exactly how to push our buttons with a great tune. Here are some of my personal faves. Read More >
Spoiled market watchers were disappointed by China’s less than red-hot May numbers: Passenger vehicles grew just 23.2 percent, the whole market grew 26 percent. Now here’s a number worth waiting for (or to induce a heart attack, if you have green leanings:) Read More >
Wasn’t there a carmageddon? Forget about it! Nissan wants to be essentially debt free for the first time in three years in the fiscal year ending March 2011, says The Nikkei [sub]. Nissan’s net cash position gauge is expected to swing from $546m in the red to about $1b in the green. Read More >
When Toyota announced their share purchase / NUMMI deal with Tesla, the greenies rejoiced, the skeptics said it’s just an elegant way to unload NUMMI. Toyota said they are mildly interested in Tesla, in a venture capital kind of way. As in: here is some money and a factory we no longer need. Would be great if something comes of it. Well, they will actually build a car together. Not the Model S as many thought. Let’s not get ahead of ourselves. Let’s build a prototype first. Read More >
Knowledge is not always a good thing. Esoteric. Rarified. Just plain old pointless. High school? Anyhow, I have this strange fascination with car reviews. Not the new snuff. But those older wilted beaters that the marketplace has more or less forgotten. You talk to me about a Volvo 240 and my mind will recall a few of these write-up’s and a neat little side story. A 2011 Prius? I would almost rather watch the grass grow.
One might believe that GM’s forthcoming IPO marks the second coming of Christ. GM, once the world’s largest corporation, faced oblivion in the winter of 2009. The train wreck of this former company reemerged from burial last summer through the generosity of the US and Canadian taxpayer as a new company shorn of most of its former financial liabilities, unproductive assets, and brands it no longer could support. Everything that Jerry York (R.I.P.) told the automotive world in January 2006 that GM needed to do to survive back then finally came to pass. And now, it’s preparing an IPO to swap ownership from the governments to the public. Ed Whitacre and his team will get the credit for a most remarkable turnaround while Obama will bask in the light of his stewardship of public monies. Let’s get the story straight.
I’ve declared many times on TTAC that I’m a bit of what you folks across the pond would call a liberal. I believe people should have a baseline in terms of living standards, but people should still work for the better things in life. The state should be there to help people, not sustain them. My point is that when an entity gets too much power (or THINKS it has) then the balance of power is shifted and seldom ever for the better. Everything is good is moderation. I feel the same way about Unions. Contrary to popular belief, I’m not anti-union. Unions have done a lot of good for the common working person. They fought for better working environments, better pay, better job security, etc. It is impossible to deny the good they’ve done. But like Harvey Dent said in “The Dark Knight”, “You can either die a hero or live long enough to become a villain”. And unfortunately, this article doesn’t exactly show unions in a good light.
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Jim writes:
I had a transmission problem with my Fusion. Dealer tells me lots and lots of people are having the problem, and parts are backordered. It appears 2010 Fusions being sold today have defective transmissions. Ford has a TSB on the issue to dealers. People claim transmission leaves them stranded on freeway. Search Fusion Transmission Problems on Google and you will see. I think someone in the media needs to do a story on this.
- 2000 Honda Insight 5MT CVT (49/61/53)
- 2010 Toyota Prius (51/48/50)
- 1986 Chevrolet Sprint ER 5MT (44/53/48)
- 1990-1994 Geo Metro XFI 5MT (43/52/47)
- 1986-87 Honda Civic Coupe HF 5MT (42/51/46)
- 1994-95 Honda Civic Hatchback VX 5MT (39/50/43)
- 2006-2010 Honda Civic Hybrid CVT (40/45/42)
- 2010 Honda Insight CVT (40/43/41)
- 2001-2003 Toyota Prius CVT (42/41/40)
- 1989 Chevrolet Sprint/Suzuki Swift 5MT (38/45/41)
Keep in mind that this list [via our pals at Autosavant] is for EPA ratings, adjusted to the new post-2008 methodology (city/hwy/combined). Luckily, the EPA also accepts real-world mileage submissions from citizen-motorists to help illustrate the whole “your mileage may vary” thing. That list is after the jump.
In my off-site review of the Porsche Panamera Turbo, I wrote
After years of reminding auto enthusiasts that pure power and performance numbers don’t make for a perfect car, Porsche has gone ahead and proved the point themselves.
So. Take a sedan which is primarily notable for its racetrack performance… and remove that performance. What do you have? You have the Porsche Panamera V6.
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