Yesterday, Bloomberg poured gasoline into the smoldering embers that used to be a Volkswagen-Suzuki relationship. Bloomberg said that Suzuki doesn’t want to talk to Volkswagen. The trouble is: Bloomberg most likely is wrong.  Bloomberg and the world at large became a victim of Lost in Translation. (Read More…)

Yesterday, Sweden’s Dagens Industri reported that Saab would seek court protection today. We did not report it, because honestly, we are tired of the story.  On the other hand, there were signs that things are heading to the court: Saabsunited tried its hand again on amateur spin and wrote that bankruptcy, should it happen, wouldn’t be all that bad: “It does NOT mean that SAAB is in any way dead tomorrow!” Glad this is cleared up.

This morning, employees of Saab were woken from sleep (they’ve become used to sleeping in since April) and called for an all hands meeting at 12 noon.  At the meeting, they heard: (Read More…)

After checking the telemetry, and posing for a group shot, it’s official: The Lexus Nürburgring-enhanced LFA did the now common 20.6 kilometer “sport auto” lap of the Nürburgring Nordschleife in seven minutes, 14.64 seconds. That’s a hair better than the Donkervoort D8 RS, which completed the same course in 7:14.89 – 5 years ago. It is also the best time amongst the bona-fide production models. Better than the Nissan GT-R (7 min 24 sec), better than the Chevrolet Corvette ZR1 (7 minutes 19 sec), better than the Porsche 911 GT2 RS (7 minutes 18 seconds). (Read More…)

Reuters is widely considered the best in the business when it comes to the auto beat. They were that before Paul Ingrassia joined Reuters as Deputy Editor-in-Chief. That someone who won the Pulitzer-prize for his coverage of the turmoil at GM took the helm at Reuters only made their coverage better. Amongst the Tokyo auto press corps, Chang-Ran Kim of Reuters reigns supreme.

However, even the best journalists can become a bit territorial, and an aging TTAC blogger who air-drops into Tokyo every other month can become an irritant. After a little back and forth ribbing, we decided: “Let’s settle this like, well, persons.” And a grudge match was arranged:

Ran Kim of Reuters races BS of TTAC. Full race coverage after the jump …. (Read More…)

If you look at Nissan’s performance in China, you won’t see anything of the lackluster growth of the overall Chinese market. Nissan announced August sales of 94,700 units in China, up 26.1 percent from a red-hot August 2010. While the Chinese market is waddling like an uncooked Beijing duck, Nissan China recorded the fourth double-digit monthly sales growth in a row. (Read More…)

Today, the 7^th generation Camry was shown to the Japanese press in Tokyo. It was weeks after the new Camry had been shown in the U:S. and tested by the creme de la TTAC. Actually, it feels like Japan was the last country to get a Camry launch. And honestly, the country deserves short shrift: Less than one percent of the total worldwide Camry production (692,000 in 2010) is sold in Japan. With 14 million made up to date, the Camry is one of the world’s best selling cars, and the Japanese snub their noses at it. More than half of the production goes to the U.S., 22 percent are sold in China, the rest of the world takes the rest. (Read More…)

China’s car market will take it easy and grow only 3 to 5 percent this year after surging 32 percent to more than 18 million last year. This is the prediction of China’s State Information Center, as reported by Bloomberg. (Read More…)

For a while, GM has been trying to get back the crucial 1 percent share in the GM/SAIC China joint venture. That share had been sold when things were dire. Books were written about it, and Ed provided an executive summary. Now, China Daily heard from SAIC. “Mei wen ti!” (No problem.) SAIC is ready to hand back the share —- if GM finds a way that allows Shanghai GM’s revenue to be included in SAIC’s books. Uh-oh! (Read More…)

While Jack is ranting about blackballing PR flacks and journos with pants on fire, let me warn against journalism by Twitter. Here is a prime example: Today, the interwebs are abuzz about a Lexus LFA setting a new Nordschleifen record. The source: A tweet by Chris Harris of EVO. He wrote: “LFA Nurburgring pack just did 7.14 lap of the Ring. That’s mighty fast.” And he followed it by a “Akira Iida was the man who did the LFA’s 7.14. Great time.”  That may be the case. What is shameful is what was made of this tweet. (Read More…)

August usually is not a strong car selling month. Especially not in Germany, where everybody is on vacation. Nevertheless, BMW sold “significantly more than 100,000 units” in August, thereby breaking all its records for the summer month. “Business is better than we thought,” said BMW CFO Franz Eichiner to Germany’s FAZ. (Read More…)

A Brooklyn college student was pinned under a car that had crashed into his motorcycle. Rescue workers tried to free him with a hydraulic jack. When the car was 4 feet in the air, it dropped on the student. (Read More…)

GM will go it alone in Japan. From November on, GM will “switch to direct sales for all its Japanese-market models, some of which are now sold by a Mitsui & Co. unit,” reports  The Nikkei [sub]. Mitsui Bussan Automotive began handling GM vehicles in 1992 and focused mainly on large SUVs, such as the Cadillac Escalade, Chevy Avalanche, Traverse, Silverado and HHR. (Read More…)

This is round two of TTAC’s “Grade The Analysts”. Last time, we graded only on how closely analysts hit the SAAR number (table provided by Bloomberg.). If we would have done this this time, all would have received an A or better. The guesses were THAT close. The overall SAAR  for August was 12.1 million, and none of the analysts did bet on less than 11.9 or better than 12.3. Instead of giving them all gold stars, we made it a bit more interesting. (Read More…)

If the Shanghai Daily isn’t hallucinating (their writing is pretty sober, if not sobering), and if their source is reliable (the source is Pang Qinghua, chairman of Pang Da, the yellow knight from China that was supposed to save Saab from the abyss,) then Saab’s goose is cooked.

Chairman Pang told the Shanghai Daily that “Pang Da Automobile Trade Co and Zhejiang Youngman Lotus Automobile Co have not submitted an application to the Chinese government to inject much-needed funds in Saab, increasing fears that the Swedish carmaker may drive into bankruptcy due to a cash crunch.”

Why does that mean that the goose is good for eating? Because Saab says so. (Read More…)

Toyota Motorsport GmbH (TMG), Toyota’s Cologne-based high-speed division, has set a new Nordschleife record for an electric vehicle. The TMG EV P001, equipped with two electric motors and 800Nm of torque, did the Nordschleife in 7 mins 47.794 secs, outdistancing the Peugeot EX1 EV’s which did the circuit in 9 mins 1.338 secs. (Read More…)