Toyota, along with its Japanese peers, has wallowed in double digit minus territory in China, ever since cars were upturned and dealerships torched in September over a few uninhabited rocks in the East China Sea. In January, China sales of Toyota shot up 23.5 percent compared to the same month a year earlier. Are Japanese fortunes in China finally turning to the better?
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The U.S. new car market was up strongly in January. GM and Ford surprised analysts with double digit sales rates. Toyota, up 26.6 percent also surprised. (Read More…)
If anyone is hoping for a turn-around of the European car market, be it Opel, PSA, or Pch101, January definitely was not the month it happened. Some people, who get paid a lot of money for a very long-term vision, believe we have to wait years for the turn-around. The French car market dropped 15 percent in January, with “Volkswagen and U.S. carmakers leading the drop,” Reuters reports. Massive sales subsidies of 2,000 euros ($2,700) per car, reintroduced in October in Spain, could not reverse the Spanish market. It dropped 9.6 percent. (Read More…)
A new year started in Japanese auto sales, and the easy double digit up times while comparing with a disaster 2011 are over. It’s getting worse: This year, Japan’s new car sales compare to 2012 sales on government-speed: Japanese could collect hefty subsidies in most of 2012, no such largesse this year. In January, new car sales are not down 12.9 percent, as the Dow Jones News Wire make you believe. They are down 7.8 percent, as correctly reported by Reuters. But down is down. Please come to the tables. (Read More…)
It was one of the worst-kept secrets: Two weeks ago, Reuters reporters had picked up the scent of Daimler planning a big investment into China’s BAIC. This week, rumors started flying around in Beijing that it is true. Today, Daimler announces, as expected, that “Daimler AG is going to invest in BAIC Motor, the passenger car unit of BAIC Group, one of the leading automotive companies in China.” (Read More…)
Andrew Lok, a.k.a. contestant #28, won the Thursday round of the TTAC Future Writers Week by a wide margin. His epos on stolen GPS machines, and his pilgrimage to the Valhalla of Speed, the Nürburgring der Niebelongen, received 45 percent of all votes on Thursday. In the following week, when the full results of TTAC’s Future Writers Week were published, Lok was gone.
Audi follows a trend set by other OEMs, notably GM, and opens an R&D Center in China. Located in Beijing’s fashionable 751 D-Park , the center will be busy doing product customization for the Asian market, especially when it comes to electronics and connectivity, along with components for new-energy vehicles and efficient powertrains. (Read More…)
Today must be International Backpedaling Day. Volkswagen said “Never mind beat Toyota by 2018.” Obama says: “Never mind a million EVs by 2015.” (Read More…)
In 2007, when Martin Winterkorn took over as CEO of Volkswagen, he said that Volkswagen wants to be better than Toyota, not just in units, but in profitability, innovation, customer satisfaction, everything. This morphed into the “Strategie 2018”, which called for world domination no later than what the name says. Today, Volkswagen changed its mind. Declaring an early victory, it wants to move on. (Read More…)
TTAC’s Managing Editor Derek Kreindler shocked me with the news that he will undergo a life-threatening operation on Monday: His tonsils will be removed. Should his doctor not know what he is doing, now he does.
Derek had even more shocking news for me: He will be out all week, nursing his removed tonsils with the vanilla ice cream they had promised me when my tonsils came out at age five. They never gave me the ice cream, but leaving me alone at the helm of TTAC, Derek gives me a big problem. You, Future Writers, can help:
Not to anyone’s huge surprise, the Opel Supervisory Board today confirmed former Volkswagen exec Karl-Thomas Neumann as CEO of Opel. To make the job a little more interesting, “General Motors appointed Dr. Neumann president of GM Europe and GM vice president,” as a GM communique says. It continues that Neumann “will become a member of GM’s Executive Committee and is expected to play a key role in the global leadership of GM.” (Read More…)
Uh-oh: The price of doing car business in Germany is heading up, increasing pressure especially on Opel. “Germany’s IG Metall union may push a pay claim between 5 and 6.5 percent for about 100,000 workers at VW’s six western German factories” Bernd Osterloh, head of VW’s works council told Reuters today. What does this have to do with Opel, you say? (Read More…)
Now about those Benz-BAIC rumors: While Beijing is going gaga, Reuters has been suspiciously quiet about an upcoming deal between Daimler and its Chinese partner BAIC. Reuters, which has good ears and feet on the ground in China, had reported two weeks ago that something might be happening. Today, Reuters breaks its silence and says: (Read More…)
Honda made cautionary noises when announcing its quarterly numbers today, taking its annual profit forecast for the year down a notch to 370 billion yen ($4.1 billion). Three months ago, Honda already had cut its profit forecast for the fiscal year to March to 375 billion yen ($4.7 billion) from its earlier estimate of 470 billion yen ($5.9 billion). $1.8 billion evaporated on the forecast, mostly due to continuing sales troubles in China. (Read More…)
They are a familiar sight – and sound – at Nissan factories and those of other OEMs around the world: Little machines that truck around the factory floor while belting out “Mary had a little lamb,” or other distinguished ditties. Now, they star in their own YouTube video. (Read More…)
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