Volkswagen’s CEO warned its shareholders of a “very demanding year,” what with the European debt crisis depressing auto markets and growth in growth markets slowing. What is growing is risks, said Winterkorn at VW’s annual general meeting. Oddly enough, it is Volkswagen’s competitors who should be very worried. (Read More…)
Some 200,000 EVs are already on the road in China, says Reuters. Teslas they ain’t.
GM and its Chinese partner SAIC finally have worked out a deal that would get GM its coveted golden share back. In its darkest hour, GM had sold one percent of its 50:50 joint venture to SAIC, for the chump change of $85 million. Later, it became known why the number was so low: SAIC co-signed a note of $400 million. GM needed the cash to save its Korean arm. GM itself was facing bankruptcy, which happened only little later. Now, the share is coming back. For a hefty price. (Read More…)
This list, compiled by Edmunds.com shows America’s 50 hottest and fastest cars. They are so fast that dealers can’t keep them on the lot. Off the truck, out of the door. (Read More…)
If you read, maybe even follow Steve Lang’s advice on car buying, then you know how important and hard it is to fight the dreaded depreciation of your car. The minute you drive it off the dealer’s lot, it has lost a good chunk of its value. Some cars hold their value well, others not so much. Here are the best. (Read More…)
When I wrote that PSA and Toyota are exploring their sado-masochistic tendencies a tie-up of production in PSA’s ab- under-used Sevelnord plant in northern France, commenters said it will never happen. Others complained about the choice of choice illustrations.
France’s President Nicolas Sarkozy rode to the rescue of embattled TTAC, and confirmed the tie-up. (Read More…)
Evonik Industries told Reuters that it will take at least three months for its damaged chemical plant in Marl, Germany, to resume normal production of CDT, and that full production of CDT may not return until the beginning of next winter. (Read More…)
When Chinese Premier Wen Jiabao will come to Germany on April 23, he will open the Hannover Fair and will visit old friends at nearby Volkswagen. Volkswagen will have a present for China’s outgoing leader: Volkswagen will build another factory in China. What is strange are the factory’s size and location. (Read More…)
European car sales are getting it on the chin. Sale in the EU were down the sixth consecutive month, with a decline of 7.0 percent compared to March last year, ACEA says. March is prime selling season in Europe, and customers refuse to buy. March registrations have not been at this level since 1998. January to March, car sales in Europe are down 7.7 percent. (Read More…)
Out of my private collection: A winged pink Nissan 350Z, entering the expressway in an interesting neighborhood of Dongguan, Guangdong province, China.
Don’t mess with this Texan pinko. Writes reader Red5: (Read More…)
Nostalgia is so last Millennium says Ford. The new Mustang will ditch retro in an attempt to appeal to Generation Y, the folks that do not want to driver their forebears’ cars or dreams. According to the Wall Street Journal, the new Mustang will retain the shark-nosed grille and round headlights, but will “look more like the new Ford Fusion than the current Mustang.”
Welcome to Shoot The Pink, where TTACers bag pink cars. The rules can’t be simpler: (Read More…)
An executive of a large carmaker that is very proud of its alternative energy offerings lately sighed into his drink: “If my customers would be anywhere near as interested in green cars as journalists, we would have long ditched the ICE.” I am reminded of that sigh when I read the news today.
“Americans are buying record numbers of hybrid and electric cars as gas prices climb and new models arrive in showrooms, giving the vehicles their greatest share yet of the U.S. auto market.” This according to the Associated Press, and papers from the Washington Post to The Bellingham Herald that reprint it. Really? Let’s have a look. (Read More…)
JAC is the Chinese company that caused worldwide, well, at least American indignation with a fake F 150. JAC will premiere something at the Beijing Auto Show that is not prima facie fake: A sports car. According to Carnewschina, JAC will show the JAC Heyue SC coupe, or what Carnewschina calls “the biggest surprise for the Beijing Auto Show.” (Read More…)
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