Contracts talks between the Canadian Auto Workers and the Detroit 3 won’t start before August. But combattants are already lobbing grenades across the border. Ford of Canada told Reuters that Canada is now the most expensive place in the world to make cars. (Read More…)
Tag: Bertel Schmitt
Now here is something that is rarely heard these days. A top EU Commissioner told European automakers to get out of the way of European trade deals with Asia. Europe’s carmakers must reform their industry and cannot place the blame for falling sales on foreign trade, Reuters reports. (Read More…)
GM throws fresh troops in Opel’s losing battle. For keeping more money, Opel has a new CFO. For eventually making more money, the Rüsselsheim automaker has a new R&D chief. (Read More…)
How would you feel if you start your new job and people greet you by speculating who will replace you? This is how Thomas Sedran must feel. Only hours after he has been made the new interim CEO of Opel, German media speculates who will be next in his ejection seat in Rüsselsheim. The roster of likely candidates is not encouraging. (Read More…)
The Peugeot family will receive an invitation from French industry minister Arnaud Montebourg, but not for tea and cookies.
The minister “plans to summon members of the Peugeot family to explain why the car maker had continued to pay dividends even as it was facing mounting difficulties,” Reuters says. (Read More…)
Need some extra money? Want to work from home? Easy: Sell her to perfect strangers, by the hour. You will receive assistance in pimping her as long as she’s an OnStar-equipped Chevrolet, Buick, GMC, or Cadillac. (Read More…)
Opel has a new CEO, the second in a week, and he will soon be out of a job: As expected by TTAC, GM named Thomas Sedran as interim CEO of Opel, replacing the current interim CEO Stephen Girsky, who replaced the not quite interim CEO Karl-Friedrich Stracke. (Read More…)
Just when you thought shares of Ford and GM can’t get any lower, major brokerage Morgan Stanley “lowered its 2012 U.S. auto sales projections by about 3 percent and cut its earnings-per-share estimates for the North American auto sector due to weaker-than-expected sales in the United States and Europe,”Reuters says.
For what it’s worth, Morgan expects U.S. auto sales to be 14.4 million this year, down from its earlier projection of 14.8 million. What is more disconcerting is Morgan’s outlook on financials of U.S. makers. (Read More…)
Brazilians are unhappy with GM. GM is cutting capacity and jobs at a Brazilian plant. This made the Brazilian government unhappy, because it had cut taxes on domestically made cars, in exchange for manufacturers maintaining the size of their workforce. It also made unions unhappy. They voiced their displeasure on Monday by going on strike, Reuters says. (Read More…)
Australians are unhappy with Ford. In January, Ford received more than A$34 million ($35 million) from Australian state and federal governments to guarantee local production until 2016. Today, Reuters reports that Ford will cut 440 jobs, or about 15 percent of its Australian workforce. (Read More…)
Europe’s new car market continues on its downward spiral with sales down 2.8 percent in June. Half year sales are down 6.8 percent across the EU, data released today by the European Automobiles Manufacturers’ Association ACEA show today. Some countries and automakers do much better, some much worse. (Read More…)
From the Only In China blotter: A customer who did not receive the service he expected for his Cayenne used sex to drive home his point in a photogenic way. A Chinese man threw body-painted girls into the battle with his Porsche dealership. Do not click if arty camel toes offend you. (Read More…)
Cars are like fruits and vegetables: They sell better fresh. Of course, even the freshest dud remains a dud. But all else being equal, those with a fresher line-up outsell those with aged product. TrueCar has put together an interesting table: What are the proportions of model year 2011 (yes, they are still on the lots), 2012, and 2013 in a brand’s sales? (Read More…)
What ever happened to the TTAC project car? Here is some inspiration of what to do to the poor Sierra. Joel Olsen from Norway converted a 1982 Ford Granada, the European epitome of blah, into a 1,700 horsepower monster. (Read More…)
Michigan utility Consumers Energy wants to have its share of the reluctant auto boom. For that, you need to buy an electric vehicle. What did you say? Range? Consumers Energy has an answer: An app for your iPhone. (Read More…)











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