Archives for January 2014

Friday morning car news roundup, January 31, 2014

Fridays - Picture courtesy franchisehelp.com

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Rosy revenues, cloudy outlook: Honda’s quarterlies set the scene for Japanese peers

Today at Aoyama Itchome

Today at Aoyama Itchome

Honda usually is first among Japan’s Big Three automakers to announce quarterly results, and today was no exception to the rule. Honda’s story, told in the ascetical 2nd floor meeting room at Honda HQ in Tokyo, sets the scene for what will play out in the coming days at Toyota, Nissan, and to some degree at Japan’s smaller players: Profits way up due to lower yen, sales up due to the U.S., but held back in China and Southeast Asia, prognosis guarded. [ There is more … ]

GM third-largest automaker in 2013 global sales

Wolfsburg skies

Da raucht der Schlot

We have warned repeatedly not to jump to conclusions, and not to crown GM the world’s second-largest automaker (behind Toyota), based on 2013 sales, and that “whoever tells you that GM is second and VW third should apply for immediate amateur status.”  We still have a few contacts in Wolfsburg, and we prepared you for a surprise.  The surprise (not for us) came today. Reuters reports that “Germany’s Volkswagen narrowly beat General Motors Co. in the global auto sales race last year, finishing as runner-up behind sales champion Toyota Motor Corp.” [ There is more … ]

This is NOT the joint Toyota/BMW sports car

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At the Detroit Auto Show, Toyota showed a “daringly designed new sports coupe concept,” the Toyota FT-1, which was said to “signal the direction of Toyota’s future sports car designs.”  Toyota also is developing a sports car together with its alliance partner BMW. It was assumed by some that the FT-1 would signal the design direction of its baby with BMW. Apparently, this isn’t so. [ There is more … ]

Thursday morning car news roundup, January 30, 2014

Thursday - Picture courtesy happyhealthylonglife.com

 

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The New, New, New Chrysler: Half Time In A Dutch-based UK Tax Domicile

Go ahead... make my tax year.

Go ahead… make my tax year.

Immediately after the US government funded and brokered marriage of Fiat and Chrysler, the company’s advertising took an unmistakable turn towards themes of national identity and patriotism. From the over-saturated sincerity of Chrysler’s “Imported From Detroit” ads, Ram’s “So God Made A Farmer” sermon and Jeep’s  “The Things We Make Make Us” manifesto, to the dripping irony of Dodge’s “Freedom” spot, every brand in the new “Chrysler LLC” played up its American-ness in a different way. And when Fiat’s 500 was introduced to the US market it was marketed almost exclusively in ways that highlighted its Italian-ness, despite the fact that the car has never actually been built outside Poland and Mexico. Clearly Fiat-Chrysler’s Canadian-born CEO Fiat Marchionne and French-born marketing boss Olivier Francois believe quite strongly in the power of national identity as a marketing tool.

This was already a provocative choice, given that these US-based brands had come under the control of an Italian firm, at some cost to the US taxpayer. But with news breaking that the new Fiat Chrysler Automobiles (FCA henceforth) will be based in The Netherlands with a UK tax domicile and listed on the New York Stock Exchange, this patriotic marketing strategy becomes even more of a liability. FCA would love to have its cake and eat it too: benefit from national bailouts and nationalist marketing while enjoying every tax and banking advantage of new transnational corporate structures. The question is: can it?

[ There is more … ]

Wednesday morning car news roundup, January 29, 2014

KONICA MINOLTA DIGITAL CAMERA

 

 

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Toyota produced more than 10 million units in 2013

Iheartcars - Tokyo Auto Salon - Picture courtesy Bertel Schmitt
Toyota released the long awaited production data for 2013. As expected by the Daily Kanban, that number exceeds 10 million. It even came in as we expected, namely at  10.1 million (10,117,274 to be exact.) [ There is more … ]

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