Two robots are retracing the tracks of Marco Polo and are on their way from Italy to China. The two heavily modified driverless Piaggio Porter Electric vans started last week in front of of the Milan Cathedral. By end of October they are expected to arrive in Shanghai after having driven 8,000 miles, all the way through Siberia and the Gobi Desert, all by themselves, untouched by human hands.
Ever heard of Ronn Motor Company? We don’t blame you. Well, at least they have a website. They even have their own in-house chaplain. (sometimes called a “Chaplin”. As in Charley.) They have reason to pray a lot, and to keep up their good humor: At the time of this typing, their stock traded (on the pink sheets) at 6 cents. It once fetched $6.
That minor detail doesn’t deter them from announcing that their “Scorpion® eco-exotic supercar, H2GO® real time hydrogen production unit and Ronnzoil® biodegradable lubricants may soon be available in China and the rest of Asia in the coming months.” Why? Because everybody goes there. (Read More…)
China Car Times reports that “Whilst the Chinese auto market is down as a whole,” (well, it’s not “down”, a growth of 23.5 percent in June is not “down”, and a growth of 48.2 percent in the first half year isn‘t “down” either – it just cooled off a bit, in a Chinese way) “there are certain niche segments such as the luxury car business that seems to performing above and beyond expectations.”
Apart from the tortured language – no kidding. (Read More…)
Chrysler is taking a page out of Ford’s playbook and will surprise and delight Japan with their “latest version of the Jeep Grand Cherokee sport utility vehicle, which features Chrysler’s new Pentastar 3.6-liter V-6 engine,” if The Nikkei [sub] is not mistaken. (Read More…)
It’s a new Wirtschaftswunder, a new economic miracle: While sales in Germany and Europe nosedive, Volkswagen can’t make cars fast enough, and produces record results. In June, German car sales were down 28.7 percent. The European market was down 6.9 percent. That should hurt Volkswagen, by far Europe’s largest carmaker big, shouldn’t it? It should, but it didn’t. In the first half of 2010, the Volkswagen Group delivered more vehicles than they hoped in their wildest dreams. (Read More…)
“According to the Wolfsburg grapevine, the Volkswagen Group is set to increase its 19.9 percent share in Suzuki by ten percent annually over the next four to five years,” says Automobile Magazine in Ann Arbor, Michigan. And they immediately ask: “What for?” Right. (Read More…)
In most parts of the world, electric vehicles are treated as the second coming of Jesus. Meanwhile in Omaha, Warren Buffett is having doubts whether it was such a good idea to pay $230m for 10 percent of China’s cellphonebattery/car/EV/appliance/house builder BYD.
BYD’s share price has fallen by more than 40 percent over the past three months, China’s First Financial Daily remarks (via Gasgoo.) Can you guess the main reason for the serious drubbing? (Read More…)
1.) It will start a trade war, and China will drag the U.S.A. in front of the WTO. Sure did. The WTO accepted China’s complaint, and the trade war turned into a major conflagration.
2.) We said that not a single new job will be created in the U.S.A., and “what the boneheaded decision does is simply shift tire production from China to other low cost producing countries.” Sure does. (Read More…)
Everybody is worried about China flooding the world with cheap cars. Just the opposite is true. The world is flooding China with expensive cars. China has become one of the prime export markets for major carmakers the world over, especially in the higher segments. For next year, a unit of the Chinese government predicts imports to China to exceed the 1 million mark. Exports remain lacklustre. (Read More…)
Whereas other Japanese carmakers struggle a bit in keeping up with the still quite hot Chinese market, Nissan finds itself way ahead. Nissan’s China sales rose 51.4 percent in the first half to 503,077 vehicles, says The Nikkei [sub]. Reason given: strong demand from middle-class buyers. The Chinese market as a whole rose some 30 percent in the first six months. (Read More…)
If GM wants to pull off a smashing IPO, they need smashing numbers. There are people they can learn from: Their friends and joint venture partners at China’s SAIC. China’s largest automaker (they have joint ventures with both GM and Volkswagen, can’t get any bigger), said first-half profit may have more than quadrupled from a year earlier, reports Bloomberg. And the secret to their success? (Read More…)
Ok, so we heard that BYD is moving onto the home appliance market. Now, BYD takes development to a whole new level We hear that they will build whole homes! No drywall comments, please, these are environmentally friendly homes. China’s electric car manufacturer BYD Auto teamed up with California’s KB Home to build new energy homes in Lancaster, California. The first-phase construction of the project has recently been completed, Gasgoo says. (Read More…)
Honda is moving closer to the grid. Honda is working on on a plug-in hybrid, and an all-electric car. It will take a while until they are ready, if you want one, you need to wait until 2013. Toyota is a step and a year ahead: ToMoCo will begin mass production of plug-in hybrids and electric cars in 2012. (Read More…)
So when you thought things at Toyota are getting back to normal, what with NHTSA backpedaling on their ghost in the machine busting attempts, here comes a biggie: A federal grand jury in New York served Toyota with a subpoena, seeking information relating to defects in its steering relay rods. Fancy lawyers call that a subpoena duces tecum, and charge more. The Washington Post reckons this might “potentially widen an investigation that began with reports of sudden unintended acceleration.” (Read More…)
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