By on September 1, 2011

According to government statistics, “grooming” while driving is a major hazard, only slightly less dangerous than using a cell phone, eating and drinking, and talking to passengers. This video drives the point home that  grooming, talking to passengers, and even the slightest hint of eating can be deadly. In this case, the man was lucky and walked. Next time – who knows.

By on September 1, 2011
Analyst  GM Ford  Chrysler  SAAR
Himanshu Patel (JPMorgan) NA NA  NA 12.1
Rod Lache (Deutsche Bank)  NA NA  NA 12.2
Chris Ceraso (Credit Suisse) 20% 18% 12% 12.1
Brian Johnson (Barclays) 15% 14% 15% 12.1
Peter Nesvold (Jefferies) 19% 16% NA 12.3
Patrick Archambault (Goldman Sachs) 11% 14% 10% 12.0
Itay Michaeli (Citigroup) NA NA  NA 11.9
Adam Jonas (Morgan Stanley) NA NA  NA 11.9
George Magliano (IHS Automotive)  NA NA  NA 12.2
Jeff Schuster (J.D. Power) NA NA  NA 11.9
Jessica Caldwell (Edmunds.com) 20% 14% 21% 12.3
Jesse Toprak (TrueCar.com) 20% 12% 22% 12.2
Alan Baum (Baum & Associates)  NA NA  NA 12.2
Seth Weber (RBC) 15% 14% 13% 12.1
Average 17% 15% 16% 12.1

 

After a tepid July, analysts predict a likewise unenthused August when it comes to new car sales in the U.S.  The consensus of Bloomberg’s panel of 14 analysts is a seasonally adjusted annual rate (SAAR) of 12.1 million. (Read More…)

By on September 1, 2011

In Albuquerque, a police officer is caught with his pants not quite down, but nonetheless having sex on the hood of a car. From the pictures released, it looked consensual.  This is not what can be said of the conduct of a Philadelphia police officer. According to the Philadelphia Inquirer, Keith Corley II, a 4 year member of the Philadelphia police department, was charged with raping a woman in the back of his squad car while on duty in the 18th District in West Philadelphia. (Read More…)

By on September 1, 2011

 

Sales of regular automobiles in Japan were down 25.5 percent in August, compared to the same month in the previous year, data provided by the Japan Automobile Dealers Association shows. This sounds worse than it is: In August 2010, sales had jumped 46.7 percent, result of  a last gasp of government subsidies which were coming to an end. (Read More…)

By on August 30, 2011

“When we started working on the FT-86 we had no idea where we would end up,” said Tetsuya Tada, whom I met last Sunday to talk about his work.

“Was it going to be a ridiculously expensive car? Or one anyone can buy? All we knew it was going to be a sports car. The rest was a blank sheet.”

The FT-86 that eventually took shape on this blank sheet will be in showrooms down the street from you, all over the world, next year.

The FT-86 ”may just be the car to herald Toyota’s ‘second renaissance,” if some enthusiast blogs are right.

At the very least, this car will change how we think and dream of a sports car: We won’t. This is not a dream car. For most of us, it will be an impulse buy.

Tetsuya Tada tells its story. (Read More…)

By on August 30, 2011

Autocorrect-adverse CHAdeMO is a consortium of Japanese companies with the target of establishing a standard for the charging of EVs. According to the fountain of knowledge, “CHAdeMO is an abbreviation of “CHArge de MOve”, equivalent to “charge for moving”, and is a pun for O cha demo ikaga desuka in Japanese, meaning “How about some tea” (while charging) in English.” CHAdeMO was founded at the instigation of TEPCO. The power giant wanted a safe market for its quick-charge connector, it was hitherto known as “the CHAdeMO plug.” TEPCO is Tokyo’s disgraced power company, drop its name, and you will trigger a stream of invectives coming from otherwise composed Japanese. Which is probably what happened in a boardroom. (Read More…)

By on August 29, 2011

GM China always had a comfortable lead over Volkswagen in China – at least on paper. More than half of GM China’s volume comes from small delivery vans, made by a three-way joint venture with SAIC and Wuling, in which GM held 34 percent. This share had been recently raised to 44 percent. The joint venture agreement allows GM to claim 100 percent of the small cars as theirs. “Whatever turns them on” (or Chinese word to that effect) say the other JV partners who happily count the cars again in their annual reports. There is one big problem with that. The “breadvan segment” (so called because the cars looks like loafs on wheels) has been shrinking and is ruining GM’s otherwise good Chinese numbers.  Now, GM can’t take it anymore, and is using a familiar tactic: “GM is sacrificing profit margins to maintain market share in China, cutting prices of low-cost minivans by as much as 15 percent to offset slowing sales in the world’s largest vehicle market,” Bloomberg reports.
(Read More…)

By on August 29, 2011

Porsche chief Matthias Müller found a big gap in his program. A price gap. “It bugs me that the 911 stops at around €250,000, and then things start moving again with the 918 for €750,000,” Müller complains to the Süddeutsche Zeitung today. “Ferrari builds a comfortable and pretty much competition-free nest. We need to get in there.” (Read More…)

By on August 29, 2011

Now that the effects of the March 11 tsunami are behind the Japanese auto industry, carmakers are pulling out all stops to make up for lost volume. Only to run into new problems: “Shortages of tires and other autoparts are a growing concern,” reports The Nikkei [sub]. The new shortage is tsunami-unrelated. Its reason: Bad old supply and demand. (Read More…)

By on August 28, 2011

 

“Frankfurt in September, a city full of car crazy people from all over Europe, but no Saab at the IAA. However, few will notice it. “ So far, so true. Saabsunited reports that Saab will NOT have a booth at the Frankfurt Auto Show. Which is a good thing, because the cost saved for a decent display at the IAA can easily cover a good part of the monthly payroll at Saab. Currently, there is no money for the payroll – which has turned into a bit of a tradition at the storied Swedish carmaker. If I’d have the money just for the hyperinflated hotel rooms for a whole crew, I could retire comfortably. It’s THAT expensive. However, Saab has not given up on Frankfurt. Which is a bad thing. (Read More…)

By on August 28, 2011

Did we say that golden cars are all the rage in China? Rage? It’s an epidemic! Carnewschina is following the rapidly developing story. Latest gold find: A Lamborghini Gallardo LP-560 2, unearthed in Shijiazhiang, capital of Hebei Province. (Read More…)

By on August 28, 2011

Placing females on the hood of cars has always been a tried if tired tactic in car selling. Putting money on the hood usually sexes up sales faster than scantily-clad vixens. The Chinese car industry is in fast growth, and in puberty. So it goes for – women.

Carnewschina found a Volkswagen dealer in Daqing in China’s Heilongjiang Province who thought that his sales charts could use some excitement. He hired some girls to stand around the cars in bikinis. Apparently, this stratagem did not quite work out as planned. Further drastic savings were called for:

The bikinis had to go.

Hit the jump only if you are home alone, or if you can prove that you are studying trends in car retailing, and that it’s all in the name of science. You have been warned … (Read More…)

By on August 28, 2011

The chief reason for the recent decline of the fortunes of Japanese automakers was not, as posited by pop pundits, the recalls or the tsunami. It was something more insidious, something regularly overlooked by most outsiders and many insiders. It was a reduction in development spending – an eventually deadly bottom line therapy also popular by cash-starved American peers. Japanese automakers have realized the error of their ways and have returned to funding the finding of that insanely great next generation car. (Read More…)

By on August 27, 2011

Sweden’s Dagens Indudstri, the financial paper most hated by the Saab faithful, has dug up another interesting twist in Saab’s concentric circles around the drain: There is one party that is checking daily whether Saab has finally gone belly-up: The consortium of real estate developers that a month ago bought 50.1 percent of Saab’s land, factories and improvements for around $40 million.

This was considered about 30 percent below market. Nevertheless, a lot of people doubted the sanity of the consortium, which is backed by a large Swedish insurance agency. After all, the tenant is Saab, and with its current references, the company would have a hard time renting an apartment in downtown Stockholm. Dagens Industri just found out why the consortium is quite happy with its distressed tenant: If Saab can’t pay the rent, the consortium gets the whole shebang for no extra money. (Read More…)

By on August 27, 2011

What car for the Chinese man who has everything? Easy answer: A golden car! Golden cars are all the rage in the Middle Kingdom, where ostentatiousness has entered the Rococo age: The man who lives in a mansion adorned with turrets, pillars and gold-plated putti of course needs to have the wheels that complement his eclectic tastes. The car industry is happy to oblige. Carnewschina has found this gaudy Siebener parked down by the street. Perfect in hot weather, saves a lot of energy over the usual black. You think that’s an isolated case? (Read More…)

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