According to Reuters, The Nikkei is reporting that Toyota has approved a “competitively priced Prius hybrid minivan” for production in 2011. The new model will be the first Prius-branded vehicle in a long-rumored campaign by Toyota to stretch the nameplate to new models (future additions to the Prius line could include a compact model, based on the FT-CH concept). Depending on the timing of its release relative to the forthcoming plug-in Prius, it could also be the first lithium-ion battery-powered Toyota hybrid. Toyota will initially produce the new batteries in-house, before migrating production to a plant run by its joint venture with Panasonic. Toyota has not yet given details about pricing, performance, or even which markets this new minivan will initially be rolled out to.
I am not in the ‘keeper’ business. Cars to me have always been an investment asset, like stocks, bonds, and a good accountant are for most other folks. My daily drivers are supposed to make me money. But then I have to balance this against one other unavoidable fact: I’m married. (Read More…)
Which drive train will own the future? ICE, hydrogen, hybrid? BMW bets it will be all of the above. Autocar reports that BMW has mated a regular ICE with a fuel cell, electricity-storing supercapacitors and an electrically driven rear-axle. The reasoning behind this new type of hybrid is that BMW’s engineers believe that this power train will make the cars capable of switching to an emissions free propulsion system and switch back to ICE when needed. Now I know what you’re thinking at this point. “Cammy, aside from being the worst new writer of the year, why would anyone want to buy a car like this?” Well, the answer lies in Europe. (Read More…)
The Chinese government has been getting serious about controlling the emission and consumption of its rapidly growing fleet. Local manufacturers such as BYD and foreign joint venture partners are quick to rise to the occasion. Toyota’s Chinese joint venture with Guangzhou Automobile launched today a hybrid version of the Camry. The Camry is well liked in China, more than half a million of the non-hybrid version have been sold in China between its launch there in June 2006 and the end of February 2010. The hybrid Camry Hybrid won’t come cheap. (Read More…)
Chinese automaker SAIC has concluded its deal to assume control over its joint venture with GM [via the WSJ [sub]], and to keep its momentum going, it will be releasing its first hybrid vehicle this year. Reuters reports that the Roewe 750 Hybrid will be released this year, making SAIC the second Chinese firm to offer a hybrid drivetrain after BYD. SAIC may even deliver … (Read More…)
Nearly everything ever written about BYD in the Western press has focused on the Chinese automaker’s hybrid or electric drivetrains, or the firms and investors who have bought into their future promise. It’s an understandable state of affairs: after all, the firm started life as a cell phone battery maker, providing OEM cells for firms like Nokia. Meanwhile, BYD sold nearly a half-million cars in China last year, all gas powered, doubling both sales and profit over 2008 levels. And with plans for a pure EV now on hold, BYD is going back to basics, readying a range of new, allegedly more upscale, gas-powered cars for the Beijing Auto Show later this month. (Read More…)
Hyundai’s just-unveiled Sonata Hybrid is the latest step in the Korean brand’s assault on the American automotive landscape, and it looks to have been a good one. No licensed bits from Toyota here, in fact Hyundai’s new powertrain does away with Toyota’s powersplit-CVT concept, simply replacing the torque converter on its automatic transmission with a starter-generator motor and a high-efficiency oil pump. Ok, maybe not simply. (Read More…)
There is a new Japanese bride on the Match.com equivalent of the international auto business. It’s Mazda. Despite pronouncements that Mazda’s “strategic alliance with Ford will remain unshaken” (as uttered at a Monday press conference by Mazda Executive VP Masaharu Yamaki,) everybody who knows the business knows: The bloom is off the rose between Mazda and Ford. What’s more, Mazda is on the prowl to do some nampa with another potent partner. Who will it be? (Read More…)
Ford already sells a Ford Fusion Hybrid and a Mercury Milan Hybrid, but according to the Detroit News, a Lincoln MKZ Hybrid is en route as well, giving Ford a hybrid model for each of its three brands. Too bad they’re all the same model. As Jim Hall of 2953 Analytics points out: (Read More…)
Honda is perplexed and overwhelmed by the demand for their just launched CR-Z small sports hybrid car, says The Nikkei [sub]. Honda had planned for 1000 a month, which turned out to be a big mistake. After one month, they already have more than 10,000 orders, and a hard time filling them. They’ve sold in one month what they wanted to sell in a year, more or less, and the orders keep pouring in. (Read More…)
The “First Drive” is one of the perennial stumbling blocks of automotive journalism. In return for exclusive access to the latest, most-hyped automobiles that everyone wants to get their hands on, outlets like Edmunds Inside Line are asked to swath their “First Drive” write-up in the most glowing terms possible. Or, as we’ve put it before, the price of an exclusive story is a straight face. Unfortunately the results of this kind of compromise are difficult to read with straight face. We’ve seen no better example of this than Inside Line’s recent “First Drive” of the Honda CR-Z, which yielded such unfortunate lines as:
The CR-Z is like a Tesla Roadster, but without the $109,000 price tag.
You know, besides having a different powertrain driving different wheels, a huge performance disparity, and, well, everything else.
In the leadup to its bailouts and bankruptcy, Chrysler seemed to have suddenly gotten religion about zero-emissions technology, parading around several ENVI electric vehicle prototypes. By the time Fiat had cleared the cobwebs from new product development in Auburn Hills, the EV vaporware had faded into nothingness. With the need to impress politicians ostensibly in Chrysler’s past, the ENVI program was rolled into Chrysler’s normal product development process, and we no longer had to choke back laughter at the idea that Chrysler would replace its unloved Sebring with the pure-electric 200C concept. Chrysler’s embarrassing Two-Mode hybrids were also hidden from view, with only a vague indication that a hybrid Ram might someday become available. When we talked to Ram CEO Fred Diaz at last November’s Five Year Plan announcement, he said that a hybrid Ram was still being considered. Now, egmcartech reports that the Ram hybrid is dead from a commercial standpoint, and that the program will turn into a plug-in hybrid test fleet for Chrysler’s best partner: The Department of Energy, which gave the form $48m to develop a fleet of 140 plug-in Rams. But don’t worry consumers, there’s an alt-energy Chrysler in your future… sort of.
Chinese battery maker and aspiring automaker BYD earned $215m in the fourth quarter of 2009, bringing its net profit for last year to $555.2m, reports Automotive News [sub]. BYD’s performance outstripped analyst estimates, which projected fourth quarter profits of $130.5m, and full-year profits of $473.2m. Though the Chinese auto market grew 46 percent to 1.6m vehicles, 47 percent of BYD’s 2009 sales came from the firm’s cell phone battery business, which is expected to give back recent gains as the global economic crisis takes its toll. Not so with BYD’s auto business: the firm has raised its 2010 car sales projections 14 percent, with sales of 800k foreseen. And as China’s car market takes off, BYD, which has one of the nation’s best-selling cars in its F3 compact, is expected to keep growing. Says one JP Morgan analyst:
BYD is a company that can’t be underestimated. If the Chinese vehicle market expands 10 percent this year BYD’s sales will grow at least 40 percent — 50 or even 60 percent is also a possibility.
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