The race for bragging rights amongst the top three promises to stay interesting throughout the year. Toyota just issued new forecasts which pegs global production across all Toyota Motor Corp. brands at 8.04 million. This should worry Wolfsburg. Volkswagen was seen as the clear number 2 after GM in the 2011 race. Now matters are not so sure. (Read More…)
New car sales in Japan, excluding minivehicles, were down 27.6 percent on the year to 241,472 in July, while Japan slowly recovers from the effect of the March 11 tsunami, but continues to suffer from a contracting market. Data released today by the Japan Automobile Dealers Association shows that this is the 11th month straight down. Gory details after the jump … (Read More…)
New car sales were up 9.9 percent in July in Germany, says the German Kraftfahrtbundesamt. As the picture above shows, sales are slightly above 2010 (red line) and below the Abwrackprämien-addled 2009. Normalcy ensues in Deutschland, which is mostly on vacation anyway. The summer months are not for car buying, they are for car driving. (Read More…)
Ever since the power went out in large parts of Japan after a massive Tsunami slammed into the country on March 11, the big question no longer is “will I be able to charge my EV at home.” It is: “Will I be able to power my house with my car?” This may seem alien to you, but a Tsunami has certain effects, and this is one of them. At a press conference in Yokohama, reporters asked Nissan’s CEO Carlos Ghosn: “When will it discharge?” Meaning the Leaf into the house. A few days later, Toyota showed a house that can be powered by a plug-in Prius should the lights go out. Now Nissan finally shows its great chargeback solution. (Read More…)
Mazda will show its all-new Mazda CX-5 compact crossover SUV at the 2011 Frankfurt Motor Show, which is from September 13 through 25, 2011. According to Mazda’s press release, “the CX-5 is the first of a new generation of Mazda products that will adopt the full range of Mazda’s breakthrough SKYACTIV TECHNOLOGY and new design theme, ‘KODO – Soul of Motion’. Pictures after the jump … (Read More…)
Toyota today announced financial results for the quarter ended June 30, 2011. It was the first full quarter after the March 11 earthquake and tsunami which severely affected production and sales at home and abroad. The results reflect this. (Read More…)
Don Jackson, manager of Volkswagen’s spanking-new plant in Chattanooga, dispelled rumors that unionization of the VW works is imminent. “No one from the UAW has visited the plant, or asked to visit,” Jackson told Bernie Woodall of Reuters. Jackson said that neither he nor anyone else at the new VW plant has been in contact with UAW representatives, and dismissed talks about the UAW representing workers at the plant as “speculation.” (Read More…)
According to Germany’s usually well informed AUTO BILD, Korea’s Hyundai either did or still does cast longing eyes on struggling Opel. Opel is on Hyundai’s horizon, literally: Hyundai’s German tech center in Rüsselsheim is only a few miles away from Opel. “Hyundai is growing faster than any other automaker. They are desperately seeking new engineers at the Hyundai tech center,” writes AUTO BILD, “and the plant in Czech Nošovice cannot be expanded further. Opel with thousands of well trained engineers, precious EV know-how (Ampera) and underutilized plants would be a great fit.” And this is how the latest car-cliffhanger started … (Read More…)
In an interview with The Nikkei [sub], Mazda’s President Takashi Yamanouchi mounted a spirited defense of the internal combustion engine. He said it won’t go away anytime soon. He thinks the ICE will remain a mainstream option, especially in emerging markets. As proof he points to the recently launched Demio subcompact, which gets similar mileage as a Honda hybrid.
Yamanouchi does not believe that hybrids or EVs will make a huge dent into the market, especially not in the emerging markets, where money is tight.
“The size of the global auto market is now at roughly 60 million units, but it will top 100 million sooner or later. Though we factor in opinions from outside the industry, the share of hybrid and electric cars in the global market will probably not exceed 5% in 2020. That means gasoline-powered cars are expected to continue to dominate the market.” (Read More…)
Two weeks ago, commenter Marko asked: „Does anyone know when SkyActiv will make it to the US?” TTAC is required reading at Mazda, and here is the answer: Real soon! (Read More…)
Mahindra & Mahindra’s abortive plans to bring its rugged diesel-powered pickups to the US have garnered quite a cult following here at TTAC. We follow the impending coming of M&M religiously. And now we demand license fees for the continuously coming cult car. (Read More…)
Japanese carmakers are watching the rising yen and falling dollar with great trepidation. Most have the yen at 80 or above in their plans. Today, the greenback buys just 77 yen. “The soaring yen is forcing major Japanese companies to rethink their assumed exchange rates for the current fiscal year,” writes The Nikkei [sub] today, and adds: “Reviews of assumed rates could also accelerate the transfer of production bases overseas.” Honda does just that. (Read More…)
The dwindling and demoralized ranks of Saab flagwavers had a bad week. No cash in the kitty, bankruptcy looms, their savior Vladimir Antonov is rebuffed by the European Investment Bank, dirty laundry about funds seeping away to hot islands is being aired. Their hopes now cling to a sheet of paper. Today, Christer Gerlach wrote an op-ed piece in Sweden’s Dagens Nyheter in which he makes the case that Saab should not be written off just yet. He is asking the Swedish government for help. A translation is printed at Saabsunited.
Christer Gerlach is a famous autowriter. The 66 year old Swede became notorious in 1972 by crossing the Sahara in a Citroen 2CV. In 1988, he entered the Guinness Book of World records in a solo trip around the world – in a Toyota Corolla. If you want the impossible on four wheels, Gerlach is the man to call. I would not call him to restructure a moribund car company. (Read More…)
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