“Reliability, safety and availability” were the criteria Edmunds used to arrive at its 2012 used car best bets. They are taken from the pool of 2005 through 2010 cars, because two to seven year old cars usually are the better deals.

And the winners are: (Read More…)

Korea’s Samsung, better known for flat panel TVs, Galaxy smart phones and other gadgetry, wants its name removed from cars produced by Renault in Korea. “We want to take our brand ‘Samsung’ out of Renault Samsung since we don’t have anything to do with the car sales,” a Samsung executive told The Korea Herald.

Nothing doing, replied a Renault spokesman: (Read More…)

Europe’s car market is slowly swirling down the drain. Sales in May were down by 8.7 percent. Five months into the year, the market is down 7.7 percent.

Europe’s best-selling cars are impacted disproportionately. Eight out of ten suffered double-digit percentage losses. Only one car managed a slight increase in May. (Read More…)

Want to get rid of your car? Move to Fresno, CA. According to data compiled by the National Insurance Crime Bureau (NICB), Fresno had 808 car thefts per 100,000 population in 2011 . (Read More…)

Bloomberg and car analyst Itay Michaeli spotted a new trend: The second car could be going out of style, and this “may hurt U.S. auto sales,” Bloomberg says.

Indeed, “the average number of vehicles for every U.S. driver has declined since hitting a record in 2007.” Is it a new trend that “Americans are increasingly willing to settle for owning one car or truck?” (Read More…)

TTAC’s advisor in cross-cultural affairs, Frau Schmitto-san, advises me that “itay” means “pain” in Japanese. Nomen est omen: Pessimistic remarks of an analyst named “Itay” sent car stocks down this morning. By mid day, Ford had dropped 19 cents, GM lost 53 cents. All because Citi analyst Itay Michaeli thinks the car market may not be as hot as some think. (Read More…)

Less than a week before Nissan’s stockholder meeting on the 26^th at the Pacifico in Yokohama, Carlos Ghosn’s inner circle in Paris and Yokohama finds itself chasing a warmed-over rumor. Today, Bloomberg writes that “Chief Executive Officer Carlos Ghosn is considering stepping down before the company’s next mid-term business plan begins in about five years.” A source close to Ghosn calls it “absolute nonsense and a yawner.” (Read More…)

Turmoil at GM’s new European partner PSA Peugeot Citroen. As if rumors of embargo-busting and of an impending guillotining of CEO Philippe Varin aren’t enough, now there are reports that BMW wants out of the hybrid alliance with PSA. (Read More…)

Again and again, executives at Japanese car companies warned of a “hollowing out” of the Japanese industry if the yen remains as overvalued as it is. The yen remains unimpressed. Now, the executives start hollowing. A day after rumors of a reduction of domestic capacity at Toyota had hit the wires, Nissan is said to trim domestic output capacity by 15 percent. It will happen as early as next month, The Nikkei [sub] says. (Read More…)

PSA’s owners are not happy with CEO Philippe Varin. They would already have sacked him, would a replacement be on hand, reports France’s La Tribune. Reason for the disenchantment: Catastrophic sales, and the alliance with GM. (Read More…)

Rounding out our day of Top Ten lists, news reaches us that Total Car Score came up with a list of the Top Ten Convertible Cars for 2012. (Read More…)

Further on yesterday’s story on PSA’s, and by extension GM’s, alleged continuous supply of embargoed car parts to Iran, Bloomberg reports that Iran’s imports of automobile parts decreased by 47.8 percent to $254 million in the two months since March 20. (Read More…)

Edmunds compiled a list of the ten best cars “for teen drivers.” Edmunds did not pick the cars according to driftability or their magnetic force on chicks. Edmunds used criteria that should be on the minds of the people who usually buy those cars: Parents. As a parent, says Edmunds, “you’ll need to consider three factors above all others: safety, reliability and true cost to own.”

Once Edmunds was done with the list, it looked like a fresh arrival of exchange students. Except for a lone Malibu, all cars have foreign nameplates. (Read More…)

If you are seeking to conquer, subjugate, crush, annihilate, subdue, rout, defeat thy enemy on track, or, preferably, Autobahn, then collect all your pennies and buy the car that is synonymous for all that vehicular domination: The Aston Martin Vanquish, the car formerly known to a high net-worth clientele as the AM310. Yesterday, the Kuwaiti-held purveyor of handmade super cars finally unveiled its new flagship. (Read More…)

Who needs a mid-engined rice racer to drift? Latest dispatches from Russia show that with a little training, your can even drift when pulling a trailer. This creates so much enthusiasm that the camera car engages in a little sympathetic drifting as well.