Are you the King of Spain, the Sultan of Brunai, Jay-Z, or the Russian oil billionaire Roman Abramovich? Check your mailbox. Volkswagen’s Bentley has sent you mail. Bentley wants to grieve with you over the passing of your beloved Maybach brand, and then, in a tasteful way, hopes will be expressed that your next car will be a Bentley.
In November, Daimler announced that it will bury Maybach (for an eulogy fittingly written by Jack Baruth, click here). This allegedly caused tears amongst the über-rich.(Read More…)
German tuner Ruf is coming to China. He did what everybody should do who is setting up shop in another land: Do thorough market research. When he asked what Chinese like, the answer was: “Long!” With that in mind, Ruf made what the Chinese market (possibly) wants: A stretched Porsche Panamera. (Read More…)
Volkswagen also sells more than a quarter of its global production in China. Volkswagen sold a record 2.26 million units in China in 2011, which is twice the numbers of cars the Volkswagen Group sold back home in Germany.
“So?” I hear you say. “Both are doing great. What’s to worry?” Where shall I begin? (Read More…)
Bucolic Spartanburg, SC, will get a new boost when BMW drops $900 million on the plant to expand its capacity to 350,000 units per year. Spartanburg will become one of the world’s largest BMW plants. The BMW Group already invested USD 750 million in the expansion of the plant for production of the new BMW X3 between 2008 and 2010. Now, the plant is being expanded again to make room for the X4. (Read More…)
When we heard from Reuters about GM’s possible plan to shift production from its South Korean former Daewoo plants to Europe, we didn’t think that would be highly appreciated in South Korea. After duly reporting that there could be a deal afoot to mollify the German and European steelworkers union with jobs taken away from South Korea, we opined: Let’s see what the militant South Korean unions have to say about that.”
We did not have to wait long. The unions in South Korea already threaten war, and when they say war, they mean war. (Read More…)
When thinking about creating cost efficiencies, moving jobs to Asia usually comes to mind. GM has a different plan to bring profitability back to its hemorrhaging Opel unit. GM is considering bringing Chevrolet production from its Korean plants to Europe. In exchange for delivering jobs, GM expects concessions from the unions that would clear the way for a major cost-cutting operation necessary to stop the bleeding and to save the German patient from otherwise certain death. This is at the heart of a detailed report just filed by Reuters correspondents Christiaan Hetzner in Frankfurt and Ben Klayman in Detroit. (Read More…)
GM is ready to reduce output of the Volt plug-in hybrid. Wait, that’s putting it a bit harshly. GM is ready to “match supply and demand,” as GM vice chairman Steve Girsky told Reuters yesterday. GM wants to monitor sales for a few more months until the matching begins. (Read More…)
When we talked about Japanese auto sales in 2011, we told you that sales of imported cars were missing, and that they would be available today. They are. Aided by a shortage of domestic cars and a strong yen, Japanese connected with their inner gaijin and bought 22.5 percent more imported cars in 2011 than in the year before. According to data released by the Japan Automobile Importers Association, 275,644 foreign-built vehicles entered the allegedly closed Japanese market, gaining a market share of 10.3 percent. (Read More…)
The Chinese government finally announced its long-awaited and much discussed subsidy program for the fledgling electric car industry. China will waive sales taxes on electric and fuel cell cars. There is only one limitation, which likely will make some Michigan Senators scream bloody murder: The cars must be made domestically in China. (Read More…)
When I came to China for the first time in 2004, I would have never thought that the country would one day be the benchmark for the consumption of luxury automobiles. A few weeks ago, I thought the headline “U.S. may overtake China’s rich in Rolls Royce race” to be an impossibility. But here it is. At Reuters, an even-keeled wire when it comes to the auto beat. But first things first. (Read More…)
Sergio Marchionne always had been a proponent of the “the world only has room for six large global automakers” theory. Fiat and Chrysler isn’t necessarily a marriage between two robust partners. Especially in the Asian growth markets, both are weak. According to Italy’s Corriere Della Sera, Marchionne is rekindling a years-old flirt with France’s PSA Peugeot Citroen. Of course, none of the presumably dating companies will confirm the rumor. However, the rumor was started by Sergio Marchionne himself, in Detroit. (Read More…)
With 8.16 million cars delivered globally, sales of the Volkswagen group grew14.3 percent from 7.14 million in 2010. Volkswagen estimates that the global passenger car market grew only 5.1 percent, therefore, the Wolfsburg group expanded its global market share. With GM (due to report next month) expected to be in the low 9 million, and Toyota expected to be in the high 7 million, Volkswagen will end the year as the world’s #2 auto maker, behind GM and before Toyota. (Read More…)
More than a quarter of GM’s global production is sold in China. General Motors and its Chinese joint ventures sold a record 2,547,171 vehicles in China in 2011, “an average of one car or truck every 12 seconds,” as GM proudly publicizes. Sales in 2011 were up 8.3 percent, despite a laggardly Chinese market.
GM’s percentage number would be higher, wouldn’t it be for GM’s Chinese volume king Wuling. More than half of GM’s Chinese numbers are on account of the Chinese expert on small delivery vans. SAIC-GM-Wuling sold 1,285,820 vehicles in China last year, a rise of 4.8 percent on an annual basis. (Read More…)
It’s not that the cross-sharing of technologies between Renault-Nissan has been a well-kept secret. However, it is good to hear that loose alliances between unlikely partners work, while a marriages made in the automotive compatibility heaven (we are looking at you, Volkswagen & Suzuki) don’t even get to the consummation part.
Renault-Nissan announced today in Detroit that its Decherd, Tenn., plant will build Mercedes-Benz 4-cylinder engines for Infiniti and Mercedes-Benz starting in 2014.
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