- Volkswagen could save much more than five billion euro at core brand: labor chief – Reuters: Volkswagen ought to be able to cut costs at its troubled passenger-car brand by “substantially more” than the 5 billion euros ($5.7 billion) planned by the carmaker’s top management, VW’s works council chief said.
- Ally Financial Profit Surges – Yahoo:
- British Millionaire Buys Holy Trinity of Hybrid Supercars – thedetroitbureau.com: British multi-millionaire Paul Bailey apparently just couldn’t decide on just one hybrid supercar so he bought all three of the holy trinity: McLaren P1, the Porsche 918 Spyder, and the Ferrari LaFerrari at a price tag of about $4 million.
- Harman revenue rises on strong car audio sales – Reuters: Jan 29 (Reuters) – Harman International Industries Inc , maker of JBL and Harman Kardon audio systems, reported an 18.8 percent rise in quarterly revenue as increasing auto sales led to strong demand for the company’s car infotainment products.-
- Tesla co-founder doubts electric car potential – Via Google News: Tesla co-founder doubts electric car potential … skeptical that electric vehicles have the potential to dominate the automobile business as many others…
- Oil giant Shell cuts spending by $15 billion – CNN: Royal Dutch Shell is cutting investment by $15 billion over three years, joining the ranks of energy companies who are being forced to adapt to the oil price collapse.
- Honda puts 2 on list of vehicles with lowest death rates – Yahoo:
- New Vehicle Designs Make Zero Highway Deaths a Real Possibility – thedetroitbureau.com: The highway death toll has been plunging rapidly in recent years, and a new study credits improved vehicle crash-worthiness and advanced features like forward collision warning. In fact, a record nine 2011 models had zero death rates.
- GM Declines to Extend Compensation Fund Deadline – thedetroitbureau.com: Despite the pleas of two U.S. Senators, General Motors will not extend its deadline – for a second time – for victims of the maker’s ignition-switch vehicles to file for compensation benefits. The current deadline is Jan. 31.
- ITALY: FCA sees black ink ahead – Just-auto: Fiat Chrysler Automobiles expects to turn profits in all regions this year but needs to make more in North America to fund Alfa Romeo and Maserati brand overhauls.
- Ford 4th-quarter earnings fall on Venezuela trouble – Yahoo:
- ITALY: Aston Martin has backing for product revamp – reports – Just-auto: Aston Martin has the backing of a major shareholder for a revamp of its model line-up, according to media reports.
- Fiat Chrysler meets FY guidance as North America offsets weak Latam – Reuters: MILAN (Reuters) – Fiat Chrysler Automobiles on Wednesday surprised the market by meeting its full-year guidance as strong results from North America and improving operations in Europe managed to offset persistent weakness in Latin America.
- Closing arguments set in Toyota fatal crash lawsuit – Yahoo:
- US: Toyota to expand powertrain R&D in Ann Arbor – Just-auto: Toyota Motor Engineering and Manufacturing North America plans to expand its powertrain R&D operations in Ann Arbor with the addition of 45,000 sq ft of space.
- CZECH REPUBLIC: Hyundai starts building updated i30 – Just-auto: Hyundai Motor has begun production of the updated i30, at its European factory, Hyundai Motor Manufacturing Czech (HMMC), in Nosovice, Czech Republic.
- Oil-price drop may threaten to undercut Obama’s clean-energy legacy – Automotive News: Last year’s 33 percent drop in gasoline prices already has automakers laying the groundwork to challenge more stringent fuel economy targets for new cars.
- JAPAN: Alliance and MMC drop plans to develop larger models – Just-auto: The Renault-Nissan alliance and Mitsubishi have scrapped plans to jointly develop and build new vehicles aimed at cutting manufacturing costs and taking out spare capacity.
- UK: Suzuki hits new sales record – Just-auto: The UK overtook Germany last year as Suzuki’s largest European market with record sales of 37,400, almost 20% of the total of 200,000 across the region.
- GM’s New Global Car to Wear Commodore Badge in Oz – Wards: GM Holden says customer feedback drove its decision to retain the Commodore nameplate after 2018, when the Australian manufacturing plant is shuttered and domestic production is supplanted by imports.
Sometimes, when I read Detroit’s shrill anti-Japanese propaganda these days, only a quick look on the calendar assures me that it’s no longer 1941. The degree to which the toxic bombast has poisoned the ADHD-afflicted minds of our youth became evident again yesterday, when the alleged Truth About Cars wrote that “a new quota on U.S. imported cars was struck down as part of trade negotiations with Japan. In exchange, Japan will buy more American rice.”
Jalopnik followed Detroit one step further into the deep shit, and wrote: ”U.S. automakers are limited to selling just 5,000 cars a year in Japan.”
None of this is true. Brains have become collateral damage of Detroit’s propaganda war, and that’s a charitable assumption. I had to look at the calendar again. To my surprise, yesterday was January 27, 2015. Speaking of ADHD, let’s get two things out of the way, quickly, before attention dissipates:
There are no quotas on car imports to Japan. No old ones, no new ones. Japan also won’t buy more rice, at least not now. [Continue Reading]
Three reasons why the auto industry needs women - Renault-Nissan - Just-auto: Speaking from the World Economic Forum in Davos, Marie-Françoise Damesin, Executive Vice-President of both Alliance and Renault Human Resources, has highlighted three "very … [Continue reading]
Has the market for new vehicles reached its peak? - Yahoo: Tesla to Roll Out New Models in China - Yahoo: Nissan Planning for Post-EV-Incentives World - Wards: Renegotiating the quota for federal EV credits and making the Leaf more attractive … [Continue reading]
Toyota’s new Alphard and Vellfire minivans, revealed today in Tokyo, are laden with new technology, like the impression to the driver that the car is transparent, or a computer, that parks the car nearly by itself. The minivans also come with Naoya … [Continue reading]
Ever since the DailyKanban broke the story of the range-doubling Leaf nearly two months ago, facts have been dribbling out of Nissan drop by drop. At the Detroit Motor Show, Nissan’s CEO Carlos Ghosn dropped a few heavy hints. Today, we came as close … [Continue reading]