Think of it as a merger of the equally sick: PSA’s automotive division (Peugeot Citroen) and Opel could be put into one company, a joint venture between GM and PSA, La Tribune reports with Reuters providing the translation. (Read More…)
Tag: Bertel Schmitt
Volkswagen wants to go back to its “People’s Car” roots, and plans to launch a new low-cost brand by about 2015, Reuters says. With a a price range of between 5,000 and 10,000 euros ($6,500-$12,900), Volkswagen wants to emulate the success of Renault’s Dacia. Nissan resurrected Datsun as a low-cost brand to help gain market share in lucrative emerging markets. (Read More…)
German unions know that “end of October” means more for GM than October 31. German unions now demand a final deal with Opel by October 26. If there is no deal, it will cost Opel: Opel can defer paying a 4.3 percent industry-wide wage rise until October 31, if there is no deal, Opel has to pay. Also on October 31, GM will publish its third-quarter earnings. (Read More…)
Volkswagen published group totals for September. They are not quite the 6.8 million rumored a few days ago, but close enough. According to Volkswagen data, groupwide sales reached 6.71 million for the first three quarters of 2012, up 9.7 percent. In September, sales were up 6.5 percent to 801,000. In China, Volkswagen pierced the 2 million barrier. (Read More…)
There is a GOD: With Europe paying a lot of penance for its sins, we might be spared hell in form of a Lamborghini and Bentley SUV. In order to save cash for Volkswagen, the company may put the Lamborghini Urus and the Bentley SUV, codenamed EXP9F, on ice, Reuters says. (Read More…)
Reuters has a great story about a car company you probably never heard about. It is in Malaysia and makes cars that look like out of an antique car catalog. The company can’t keep up with the demand. (Read More…)
Continuing our coverage of Japanese cars newly introduced to Japan after they had been shown everywhere else, we present you today the new Lexus LS, live from Tokyo. (Read More…)
It looks like Fiat and Chrysler CEO Sergio Marchionne does not want to be head of the European automakers association ACEA much longer. Today, he called for a massive EU rescue package for the ailing European car industry, with coordinated capacity cuts as the centerpiece. He also called for a stop of free trade agreements. “Let the European car industry make its adjustments… This is not the time to embrace free trade,” Marchionne said while Reuters was taking notes.
(Read More…)
Was your airbag replaced within the past three years? Did you buy a used car that sustained air bag deployment before you bought it? Did you buy a car with a salvage, rebuilt, or reconstructed title? Did you get a great deal on an air bag? In that case, be suspicious of your airbag, because it could kill you. (Read More…)
Pretty much most of the world’s large automakers plan a commercial launch of fuel cell vehicles in 2015, Hyundai even earlier. One of the hot spots could be Scandinavia. At the end of a month-long hydrogen-powered tour through Europe, Toyota, Nissan, Honda and Hyundai signed an agreement to jointly promote fuel cell vehicles in Norway, Sweden, Iceland and Denmark. (Read More…)
Vehicle sales in China were down 1.75 percent compared to the same month last year, says the China Association of Automobile Manufacturers (CAAM). An official of the CAAM blamed it on the Japanese. (Read More…)
Carmakers do get hurt when someone calls their cars junk. When Moody’s calls your credit rating junk, then this hurts a lot: It makes financing more expensive, or possibly impossible. Moody’s lowered the credit rating of Fiat and PSA Citroen Peugeot to Ba3 with negative outlook. Translation: This is serious junk, and it might get worse. (Read More…)
In the largest recall since the infamous Ford thread separation, Toyota recalled 7.43 million vehicles worldwide today. The reason: The Power Window Master Switch could melt, go up in smoke, or cause a fire after the wrong lubricant has been applied in an attempt to fix a sticky feeling during operation. (Read More…)
Shaikh Jalal Ahmad wrote a very informative series on car suspensions. Sgeffe called it “an interesting (and timely) series.” Felix Hoennikker could not “wait for the next one.” JuniperBug welcomed the series from “a highly respected suspension tuner/builder.” But it takes only one drunk or rude guest to ruin a whole party. We are about to lose a valuable and knowledgeable contributor, just because commenters forgot their manners. (Read More…)
Ford did not receive a government bailout. Not directly. It would have gone down the tubes along GM and Chrysler, if they would have been allowed to die, Steve Rattner, the head of the auto task force, told Bloomberg. (Read More…)









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