China, U.S.A., Brazil. This is how Roland Berger Strategy Consultants see the ranking of the world’s largest car markets by 2015.
Within four years, the consultancy expects Brazil to kick Japan off the podium and become the word’s third largest car market. Car sales in Brazil could double between 2010 and 2020 to 6.6 million vehicles; production may rise by 3.6 million cars in 2010 to 5.5 million. (Read More…)
It used to be that Toyota left the kei car minivehicle market to its Daihatsu division, but no more: Today saw the Japanese launch of the first passenger minivehicle to be sold under the Toyota brand. It’s called the “Pixis Space” and putters along on a 40 cubic inch engine. (Read More…)
This must be the oddest story of the day: According to conventional wisdom, the South Korean market is pretty much closed to American cars. “Not so,” says a company that makes a lot of cars in the U.S. The odd part: The company is Japanese. It’s Toyota. If The Nikkei [sub] has its facts and sources together, then Toyota will export Kentucky-made Camrys to South Korea. (Read More…)
Pronounced near-dead in 1999, Nissan has made a remarkable, but often unnoticed turn-around ever since. With little fanfare, the Yokohama company passed Honda as Japan’s second largest auto maker. In China, the land of car growth, Nissan sold 1.3 million cars last year, became largest Japanese brand and has expansion plans for 2.3 million. Nissan is also the company that recovered fastest from the March 11 tsunami. With only 25 percent of its world output in Japan, Nissan had less exposure that Honda, and especially Toyota. It also was lucky: Nissan could duck the chip shortage that hit Toyota and Honda with full force. Nissan’s engine factory in Iwaki is 60 miles away from Fukushima. A little closer, and it would still be closed. Instead, it was back up and running two months after the disaster. One of the most horrific years for Japan and the Japanese auto industry is shaping up to be the defining year for Nissan. Nissan’s biggest problem: Not enough cars. (Read More…)
More than 142 Chinese cities marked the country’s fifth Car Free Day last week, which was summarily ignored. “Traffic congestion in major Chinese cities showed little signs of easing,” reports China Daily, as Chinese drivers took to the streets with unchanged gusto. The only exception was a few blocks around Beijing’s Bird’s Nest, which remained free of cars. (Read More…)
My divorce cost me some $50,000 in legal fees alone – not to mention the true price of my freedom. If I would have been an UAW worker, my employer would have picked up the legal bill. For decades, UAW workers enjoyed free legal services, courtesy of the employer funded UAW Legal Services plan. If workers agree to the labor contract hashed out with GM, they better get a divorce quick, because the legal freebies will be phased out in 2014. (Read More…)
Not even hot air. In this environmentally responsible day and age, unheated air will suffice to propel this car. Toyota Industries Corporation (not Toyota Motor Corporation) showed a car that is powered solely by compressed air. (Read More…)
If you have ever traveled through Europe, you know that electrical plugs are a mess. European carmakers want to avoid the same mess when you travel with your electric vehicle, say from Germany to Italy via Switzerland. It’s enough that you will have to charge early and often. It’s enough that places to plug in will be scarce in the beginning. But at least the plug should fit your car. To promote that noble cause, the European Automobile Manufacturer Association ACEA has defined “a comprehensive set of recommendations to standardize the charging of electrically chargeable vehicles. The joint industry proposal will enable the use of one type of plug independent of car make, electricity provider or country.” So what will they use? (Read More…)
Freshly minted college graduates usually aren’t the best credit risk – especially in today’s unpermissive environment when it comes to jobs. BMW thinks otherwise and declared that a good student needs a bimmer for graduation. On credit. Real credit. No more phony college credits. This is the real thing! (Read More…)
Cash on the hood is on the rise again, says Edmunds, which keeps track of the Total Costs of Incentives (TCI.) Incentives definitely had been coming down from their January and February highs to reach a low in May (there were cars missing from Japan …), but now, manufacturer largesse is getting greater again. (Read More…)
BMW released the fifth generation of its high-performance M5 sedan. It is also the world premiere of a new high-revving 4.4-litre V8 engine with M TwinPower Turbo package.(“Twin Scroll Twin Turbo technology, cross-bank exhaust manifold, High Precision Direct Petrol Injection and VALVETRONIC fully variable valve control; 412 kW/560 hp at 6,000 – 7,000 rpm, maximum torque: 680 Newton metres (502 lb-ft) from 1,500 rpm; maximum speed: 7,200 rpm; wet sump lubrication optimised for high lateral loads, lag-free power delivery, typical M car thrust.”) Yumsville. Loads of pictures after the jump … (Read More…)
A bloated management, run-away costs, declining market share, imploding volume, a sell-off of assets and investments, headquartered in Detroit – what is it? No, it’s none of the Detroit automakers. It is their former nemesis and current co-owner, the United Auto Workers.
“Two years after the wrenching restructuring of the U.S. auto industry and the bankruptcies that remade General Motors and Chrysler, the UAW is facing its own financial reckoning. America’s richest union has been living beyond its means and running down its savings, an analysis of its financial records shows. Unless King and other officials succeed with a turnaround plan still taking shape, the next financial crisis in Detroit may not be at one of the automakers but at the UAW itself.”
This is the beginning of a special report written by the best in the reporting business, by Deepa Seetharaman and her boss, Kevin Krolicki, Chief of the Detroit Bureau of Reuters, with the help of their team of combat reporters from the Detroit front-lines. (Read More…)
The board of GM has a week-long meeting in Shanghai. Someone just happened to be in the same place at the same time, and quite possibly unearthed the secret all of India is dying to hear: Under what brand will the Wuling cars be introduced once they hit India? Apparently, not Wuling. (Read More…)
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