The Wall Street Journal has an extensive report in which Neal Boudette caught BMW cheating with its sales numbers. Boudette unmasked the shocking practice of car makers selling cars to dealers instead to customers: “Hundreds of BMWs counted as sold in July remain in showroom inventories and are still advertised for sale as new cars, according to dealers.” The WSJ dug deeper into the scandal.
Europeans: Use instead of Euros. Americans: Use it as a screensaver
Shame, yes, shame on you, Americans, you horrible people. You are the weakest of the globe – when it comes to Porsche’s July numbers. Porsche sales in the U.S. climbed only a miserable one percent. At the same time, people in Europe withdrew their last sinking Euros from faltering banks and moved them to the safety of a new 911 or Cayman. (Read More…)
While in Detroit the leaking remains limited to gossip and innuendo, Opel in Germany sprung a Deepwater Horizon–sized leak that could pollute the political landscape for years. The Frankfurter Allgemeine Zeitung says it is in possession of something that is regarded as part of the crown jewels of a car company: The long-term production plan through the next decade. It’s bad enough that a paper publishes closely guarded secrets – their publication could blow-up the plan. (Read More…)
“There is no substance behind the rumors about Stefan Jacoby leaving Volvo Car Corporation,” a spokesman for Volvo Cars told Reuters. He had to, because Sweden’s Dagens Industri named Jacoby as a candidate for the dangerous job as Opel CEO. (Read More…)
After three years of work, police in Germany concluded its probe into the affair surrounding the failed takeover of Volkswagen by Porsche. Former Porsche CEO Wendelin Wiedeking and his then CFO Holger Haerter have been investigated for market manipulation. According to Der Spiegel, the public prosecutor in Stuttgart, Germany, will charge the duo. Reuters heard meanwhile that the trigger is not yet being pulled, and that the two have three suspense-filled months ahead of them. (Read More…)
German new car sales are no longer Teflon-coated. New car sales in Deutschland were down 5 percent in July, Germany’s Kraftfahrtbundesamt reports. (Read More…)
Toyota has decided to increase global production this year by about 300,000 units, The Nikkei [sub] reports, as usual for the Nikkei without quoting sources. If this is true, then it would bring global production numbers for Toyota and Lexus close to 9 million for the year. With Daihatsu and Hino, that number would be around 10 million. That is too high for GM to reach. (Read More…)
It’s not all blood and tears in Europe. Actually, the bloodier Europe looks, and the more Marchionne & Co do cry, the bigger the smiles at European carmakers with heavy exposure to foreign markets. The Euro is way down, and a low Euro means heavy profits from abroad – if you have business abroad. BMW sure does, and it posted its second best quarterly earnings in company history. Profit before financial result (EBIT) amounted to € 2.27 billion in the April-June 2012 quarter. (Read More…)
Germany’s Auto-BILD thinks it knows how it will look when Daimler shrinks the G-Wagen. In 2015, Daimler will bring out a GLG based on the new A-Class, says the magazine. Auto-BILD hasn’t seen more than the own renderings, but that doesn’t keep the rag from bitching: (Read More…)
“Two questions.” Our European contributor, Mirko Reinhardt, wants to test my knowledge. “First question: Last month was a pretty big month for Cadillac in Germany, relatively speaking. How many Cadillacs did GM sell? And second question: Which model sold best?”
Oh, man.
Fiat & Chrysler CEO Sergio Marchionne’s pointed remarks have attracted the ire of Europe’s 500 pound gorilla Volkswagen. VW demanded that Marchionne steps down as president of the European auto manufacturers association ACEA. If he won’t resign, Volkswagen could resign its ACEA membership – which would send the club into instant irrelevancy, not to mention insolvency. (Read More…)
Today, blogs from Autoblog to Worldcarfans are tripping over themselves, knowing for sure that Opel will launch, as soon as next year, its top-of-the line car, that it will be the Opel Omega, and that it will be based on the Cadillac XTS. (Heck, isn’t that thing based on an Opel-developed Epsilon II anyway?) The trouble is: It’s all made up. Let’s investigate the making of the Great Lie of the Day. (Read More…)
“Should Opel, Chevy coexist in Europe?” This is what Automotive News [sub] asks today without offering a real answer. Let’s have a look. Then, cast your vote. (Read More…)
Whenever the good folks at Daimler hear about European overcapacity, they ask: “Why can’t we have some of it?” Daimler’s compact cars are so popular that the plants in Rastatt, Germany, and Kecskemét , Hungary, are already bursting at the seams, and will even more so once the new A-Class starts shipping in fall.. Therefore, Daimler outsourced A-Class production to Valmet, the Finnish contract manufacturer. (Read More…)
We honestly appreciate it when a press release does not mince words and helpfully says it right in the first sentence: “New full-LED headlights, a prominent BMW kidney grille and a modified front apron define the unmistakable appearance of the new BMW 7 Series range.” (Read More…)
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