There  are increasing possibilities that GM will be owned by two governments: The American and the Chinese. After a lot of rumor and innuendo, Hu Maoyuan, Chairman of China’s government-backed SAIC went on record today and said he does not rule out the possibility of participating in GM’s IPO. That according to Reuters. (Read More…)

When GM went on the begging tour around Europe, they had dire projections. They expected a loss of $1.7b or thereabouts for 2009. Can’t have such bad news before an IPO. And imagine the elation when the big bottom line was drawn under the books of the 2009 fiscal – and Opel had lost only $600m. Who dunnit? (Read More…)

BMW says there is absolutely no truth to the rumor that they might be cooperating with GM. A week ago, Germany’s Handelsblatt had reported that “GM flirts with BMW.” Supposedly, there were low level talks.

“Absolutely no discussions … not on our end,” BMW Chairman Norbert Reithofer told Reuters an event at BMW’s plant in Spartanburg. “I don’t know where it comes from.” With the “not on our end,” he alluded that GM may have been talking to itself.

BMW is actively shopping its engines to achieve better economies of scale. Late September, Saab and BMW announced a deal allowing Saab to use BMW engines in next generation Saabs from 2012. Whether that will have huge scale effects is another story.

BYD, that Chinese company that could do no wrong, and that has been anointed by Warren Buffet’s golden hand (and money), is in a bit of a rough patch lately. As if there was no shortage of Bad Yucky Dreams lately, here is more. You want the bad news or the really bad news first? (Read More…)

Remember Toyota’s alleged sudden acceleration? And the hysteria surrounding it? Dubious databases were searched for dead bodies. The Secretary of Transportation himself recommended to stop driving your Toyota, and to drive it to the dealer instead – very carefully. Luckless swing club entrepreneurs took to driving a Prius instead, brakes smoking. Lawyers around the nation had wet dreams involving a Gulfstream V (or a 80 foot Sunseeker as a fall-back position.) As nothing of substance was found, the NHTSA asked the august body of the National Academy of Sciences to find the ghost in the machine.

Don’t even bother to look, it’s a worthless search. That’s what Paul Fischbeck, a professor of social and decision sciences and engineering and public policy at Carnegie Mellon University, told the National Academy of Sciences. (Read More…)

There’s no replacement for displacement? Sure, as long as you own an oil well. If you want to save gas, there are three ways to do it:

1. Make the car as light as can  be (you can’t fool Newton.)
2. Use the smallest amount of displacement you get get away with, and make it up with direct injection, a turbocharger, and computer smarts.
3. Combine 1 with 2.

And what’s the easiest way to reduce displacement? Lose cylinders. That way, you also lose a lot of internal friction. If “Laufkultur” is part of your vocabulary, don’t read further, you’ll get sick. If you want to sick it to Big Oil, by all means, read on. (Read More…)

The EU has ambitious CO2 targets: Less than 130g/km by 2012, less than 95g/km by 2020. Carmakers are shaking their heads: No way! Even the most electro-agnostic firms tinker with EVs (even if they are from Japan) to bring their average down. “No problem,” says a new study. The targets are a cinch to reach. What’s more, no heavy and expensive batteries to lug around. use the existing engine! No range anxiety. What is that miracle technology? (Read More…)

We knew that something was wrong with this month’s whisper number for  Chinese car sales. If China’s largest carmaker, SAIC, improves by 23 percent , if Dongfeng is up 22.3 percent, then the total number will be somewhere  in that neighborhood, and not “up by nearly 40 per cent over September 2009,” as it was rumored yesterday (no wonder we couldn’t find the official Xinhua release, it either had been withdrawn or it was never there.) (Read More…)

If you work at Porsche, you get a sweetheart deal on a 911 or whatever your heart desires. But it comes at a steep price: You will not be able to use Facebook, or any other social networks. Blocked by Porsche’s firewall. About 25 percent of the nearly 13,000 Porsche employees used to use social networks (that sounds like just about everybody at the office) – no more. Aus. Vorbei. HTTP Error 401. (Read More…)

We are still waiting for the September sales numbers for China (at least we were spared the usual CATRC drama of faux numbers – maybe because there was a one week holiday?) But here comes something interesting (or shocking, depending on who’s side you’re on.) Auto sales in China could hit 17 million units this year, up from 13.6 million in 2009, Chinese state media said today, citing the China Association for Auto Manufacturers (CAAM.) And that was the harmless part. (Read More…)

Skoda dealers in Europe are up in arms and openly protest plans by Volkswagen to strip Skoda cars to a point where they become unsalable, Automobilwoche [sub] says. Volkswagen denies any stripping. They wouldn’t do something as crude, at least not in public. They “derefine.” (Read More…)

Got a BMW? A little short in the nookie dept? Longing back to the olden days when a car would get you the girl? Come to China!

China’s Global Times, the English writing sister publication of the rather staid party organ People’s Daily, reports  that a 24-year-old lady from Shanghai is offering herself to any man for a month in exchange for the loan of a BMW for one week. (Read More…)

Hidden deep in the bowels of a rather boring story on how the China’s Traffic Control Bureau wants to implement  “nine measures to better manage autos and supervise drivers” (story brought to you by the China Securities Journal via Gasgoo) is an interesting nugget of information: “The number of motor vehicles owned by Chinese citizens is of 199 million according to this year’s figure, 85 million of which are cars.”

Now THAT is interesting. (Read More…)

Producers of rolled steel and car manufacturers alike are casting a wary eye towards Japan. There, Toray Industries has developed technology, that, for the first time, allows carbon fiber to be used for mass produced auto bodies. According to The Nikkei [sub], Toray will start supplying Toyota and Fuji Heavy with carbon fiber for car bodies later this year. (Read More…)

GM has a $530m millstone around its neck. It’s the closed and unsold Antwerp plant. Nobody wants it. The Antwerp assets are turning into a liability which endangers the GM IPO. Now it looks like GM found a savior that could take the plant off their hands. Guess where he comes from. Hint: Not from Washington. (Read More…)