Spaniard José Muñoz, formerly chief of Nissan Mexicana, was elevated to Chairman Nissan North America in the beginning of last year. He also is a member of Nissan’s executive committee, and the price of that glory is a 24 hour flight from Nashville to Tokyo, once a month. It’s that time of the month again, and Muñoz took the opportunity to brief Japanese reporters on his progress in America. Executive summary: All good. Munoz also brought two surprising statistics to the meeting, surprising at least for those who were not paying attention. [Continue Reading]
Who makes the most cars in North America? Who has the largest auto factory in the U.S.? Don’t be embarrassed, few get it right
The Nissan Leaf will keep its $7,500 tax credit long after 200,000 sales. And Bidnessetc wins a new prize
True Tesla fans won’t let anything come between them and their undying love of Musk, not even the truth. Bidnessetc is a relentless promoter of TSLA, and in doing so, it has already won the DailyKanban’s coveted “Dewey beats Truman” award. Less than two weeks later, it wins it again.
Today, Bidnessetc. writes that Nissan has “no reason to celebrate,” because the $7,500 tax credit, doled out by a generous Uncle Sam to buyers of electric cars, will expire for the Nissan Leaf as the car approaches its 200,000th cumulative sale. Being a site that dispenses investment advice, Bidnessetc deduces: “Hence, demand for the world’s best-selling EV might decline soon as there wouldn’t be any federal tax credits afterward to serve as incentives for prospective buyers.”
Been drinking again? Any Teslaite partying would be premature, those tax credits won’t leaf anytime soon. [Continue Reading]
(Preface: I know, the Daily Kanban looks like a Tesla fanzine lately. Gomen nasai, but there’s just too much out there to be passed over.)
On October 27, 2014, the Wall Street Journal wrote that sales of Tesla’s Model S are “declining in its home market.” The Journal said that “through September, Tesla sold 10,335 Model S sedans in its home market, down 26% compared with the same period in 2013.” At Tesla, Musk disagreed.
In the rest of the auto business, an errant writer would have been ignored, for fear a reaction could create more waves. Or the reporter would get a phone call to set matters straight (I get those all the time.) Tesla is not like the rest of the auto business, therefore, the Wall Street Journal got an angry tweet from Elon Musk himself: [Continue Reading]
America’s National Highway Traffic Safety Administration gave embattled airbag company Takata a Tuesday night ultimatum to do a full-scale nationwide recall. No, said Takata, we’ll stick with our recall to humid regions. The company faces legal action and penalties from the NHTSA.
Also yesterday, Toyota “called for a coordinated industry-wide joint initiative to independently test Takata airbag inflators.” Toyota’s Simon Nagata thinks that “by combining our collective efforts behind a coordinated, comprehensive testing program, we believe we can achieve greater results.“ [Continue Reading]
Yesterday, Cadillac-chief Johan de Nysschen promised to double the brand’s sales and models by 2020, he raised the possibility of a $250,000 halo-Caddy (HC10?), he presented the Cadillac ATS-V without a tie, as if it’s post-Fukushima cool biz in Yokohama, and OMG, he even “wants Cadillac to report its earnings and losses separately from General Motors.” As if this is not making enough headlines, he also revealed that he, by a hair’s breadth, evaded arrest for making comments on a lady’s hot ass. His words.
On Facebook, de Nysschen recounted an episode with a New York hotel clerk. It went like this: [Continue Reading]
The Rule of Scarcity plays a large role in the persuasion process, as any pop psychologist can confirm. Nobody knows that better than master salesman Elon Musk. Waiting times for a Tesla are legend. If you believe the on-line chatter, the Model X is basically sold out for 2015. Is the scarcity for real? John Lovallo, a research analyst at Merrill Lynch, wanted to find out.
In the case of the Model X, Lovallo did not have to dig deep. The way it looks, there won’t be a Model X in 2015. As far as the Model S is concerned, Lovallo was told by Tesla that “essentially, in the third quarter, we sold every car that was. Including cars in, like, showrooms, and everything we basically had.” But then, Lovallo started going through the books, and he found that “Tesla’s finished goods inventory at the end of 3Q appears to tell a different story.” [Continue Reading]
Steve St. Angelo, jefe of Toyota’s Latin American operations, poured more cold water on widely reported, and then strongly discounted news of building a plant in Mexico. Lunching with a small group of reporters at Toyota’s swank Kioi Club yesterday, he said that as much as he would like more capacity in South America, a plant in Mexico is “far from an approved project.” [Continue Reading]
Yesterday’s news that Daimler sold its 4 percent stake in Tesla weighed on the already beaten down stock of the electric carmaker. Daimler on the other hand is all smiles, having turned a $50 million initial investment into a cash flow of $780 million – not counting what it had received after selling a 40 percent chunk of its initial holdings to the Dubai government in 2009. Wall Street sources surmise that the sell was not a strategic decision, but the result of hedging. With the Tesla stock having retreated some 50 points from its September peak, options may have been exercised. According to a Daimler statement, the Stuttgart carmaker hasn’t simply cashed-in on its shares, but rather “has terminated the share-price hedge it initiated in 2013 and has sold its stake in Tesla of approximately 4%.”
Daimler isn’t the only high-profile investor that has lightened-up on TSLA stock.