- JAPAN: New semiconductor to tweak hybrid fuel efficiency – Just-auto: Toyota is aiming to achieve a 10% improvement in the fuel efficiency of its hybrids and other electric-powered vehicles using a new power semiconductor technology.
- VW Leveraging MQB Architecture in U.S. Golf Lineup – Wards: VW quality chief says common architecture saves costs, but there is a risk if a bad part infects thousands of vehicles across multiple product ranges.
- GERMANY: BMW to announce Mexican plant in July – reports – Just-auto: BMW plans to announce in July it will build its first assembly plant in Mexico and has identified two regions where the site could be built, media reports said.
- Japanese Truck Makers Focus on Cutting Emissions – Wards: Isuzu is cool toward hybrids, noting Jana’s leading truck maker is putting less emphasis on diesel-electric technology than its two main Japanese rivals, Hino and Mitsubishi Fuso.
- BELGIUM: Battery technology change would impact passenger cars – Just-auto: There would be a significant impact on the overall performance and cost of vehicles, plus an effect on targets for fuel efficiency and reduced CO2 emissions, if established battery applications were to be replaced with alternative technologies, according to a study by Europe’s automotive and battery industries.
- Ford takes 2015 Mustang to Europe – Automotive News: A slew of new videos made our viral list this week, including Ford Motor Co. announcing the chance for European buyers to pre-order the 2015 Mustang.
- Ford’s head of digital media communications departs – Automotive News: Scott Monty, the architect of Ford’s pioneering social media efforts, has left the company after nearly six years. [ There is more … ]
Archives for May 2014
Tuesday morning car news roundup, May 20, 2014
This map shows why Tesla will not make its 5,000 unit target in China anytime soon. Sorry, I was wrong
In what we thought as a mostly adulatory article, Tycho wrote last week that boundless demand for Tesla’s Model S fuels the grey marketing activities of Tianjin car dealers. I followed it up with the fawning prediction that, based on the high demand and on what Chinese customers are ready to pay more ($13,000 above list) just to get their Model S now, I did see no reason why Tesla can’t make its target of selling 5,000 of their electric cars this year in China. In the no good deed going unpunished dept., Tesla’s new China spokesperson Peggy Yang (she was just hired away from Volkswagen) took issue with the story. “Tesla has only one official dealer in China, in Beijing,” wrote Tycho, saying that this dealer would not make serious deliveries before June, “Bu hao,” says Peggy: “They are our stores, not our dealers.” And furthermore: “Tesla has already begun deliveries and not until June.” And then she said something that made me revise my 5,000 unit prediction. [ There is more … ]
That car-filled test track actually was empty, each time Google came checking
Zerohedge can be an insightful and though-provoking site, but since Saturday, it is hobbling around with huge self-inflicting holes in its lower extremities, courtesy of well-aimed shots into their own feet. The site ran a story titled “Where the World’s Unsold Cars Go To Die.” The story went viral, and it was bunk. In the meantime, it has been debunked by everybody from Jalopnik’s Matt Hardigree to the Dailykanban’s Ed Niedermeyer. A day after its publication, the story also landed on Snopes, where it belongs. This did not stop sundry other sites from taking the story at face value. The debacle underlines the importance of what I – mostly in vain – tried to drum into my charges during my stint at the helm of (supposedly) Thetruthaboutcars.com: Never believe anything. Always check up on the story. Always try to get as close as possible to the actual source. You will be amazed of what you can find sometimes. Or in this case, what you can’t find. [ There is more … ]
Monday morning car news roundup, May 19, 2014
- Windshield washer fluid linked to deadly Legionnaires’ disease – Automotive News: Windshield washer fluid may be a breeding ground for bacteria that causes the deadly pneumonia known as Legionnaires’ disease.
- Inquiry by General Motors Is Said to Focus on Its Lawyers – NY Times: The automaker’s legal department has become a focus of a broad internal inquiry into how the company handled a vehicle safety defect linked to 13 deaths, said people with knowledge of the inquiry.
- US: GM ignition repair parts on round the clock production – Just-auto: With parts production running seven days a week on multiple shifts, General Motors plans to produce enough repair parts by October to have the ability to repair the majority of the vehicles impacted by the ignition switch and ignition cylinder recalls.
- SWEDEN: Volvo Group studies ‘electric roads’ for buses – Just-auto: Volvo Group is getting closer to testing an electric road that would enable city buses to be charged wirelessly in operation using inductive charging.
- US: NHTSA fines GM record $35m over ignition switch defect – Just-auto: General Motors has agreed to pay the US National Highway Traffic Safety Administration (NHTSA) a US$35m fine for failing to report in a timely manner the ignition switch defect.
- Porsche readies facelifted 911 for 2015 launch – Autocar: Updated 911 flagship receives bodywork and mechanical upgrades, which will provide some models with as much as 425bhp. A facelifted version of the Porsche 911 is in development and will launch next year, as these first spy pictures show.
- Jaguar’s new XE needs to be a global hit rather than a UK success story – Autocar: While the launch of Jaguar’s new 3-series rival is still some months away, the brand needs to think about how it will win buyers on facts and figures rather than on emotions.· Gan Maomao opens Car Dealer in Yunnan, China – CarNewsChina.com: The beautiful Chinese car model Gan Maomao was hired to open a car dealer in the great city of Yuxi in Yunnan Province. The dealer sells Lexus, Jaguar, Land Rover, Honda, and the Honda sub-brand Cimo.
- Feinberg’s dilemma: Who are GM’s victims – Automotive News: GM’s acknowledgement of its ignition switch defect raises questions about whether the flaw could have played a role in any unexplained crash involving its recalled vehicles.
- Google’s self-driving experiment heads towards next phase – Automotive News: Google’s self-driving car has never driven in the snow and gets puzzled by parking lots. Yet so much progress has been made in this 5-year experiment that the technology is ready to move out of tricked-out test vehicles and into real-world cars.
- Suppliers invest in brick and mortar — finally – Automotive News: Parts makers can no longer simply run an extra shift to keep pace with expanding North American vehicle production; they have to build or expand factories.
- GM’s wide price range for 4G service reflects uncertainty about demand – Automotive News: When General Motors rolls out an embedded high-speed Internet connection across most of its lineup beginning next month, there will be a range of subscription options available for everyone from hard-core tech geeks to the technologically curious.
- Nissan to go on ‘offensive’ in U.S. – Automotive News: A bullish Carlos Ghosn, emboldened by bumper profits and booming sales in North America, vowed a continuous offensive until Nissan Motor Corp. achieves 10 percent market share in the United States.
The Mystery Of The Unsold Cars
One of the great frustrations about writing on the internet is the constant reminder that words can never compete with images for immediate impact. The human symbol-based psyche craves simplicity in a frighteningly complex world, and images provide their impact immediately, without need for further consideration. The old chestnut that “a lie is halfway ’round the world before the truth gets its pants on” is especially true in the modern world, where ever more is shared in images that can only ever show so much.
When Zerohedge posted photos portraying huge parking lots where, allegedly, “the world’s cars go to die” it was inevitable that the photos would have a huge impact. After all, 1) ZH is very well read and 2)monstrous overflow lots stuffed with unsold vehicles were to the 2008 US auto meltdown what suburbs full of foreclosure signs were to the mortgage crisis. In my naivete, however, I believed the shocking (if not entirely accurate) imagery of the post would inspire a closer look at the current auto inventory situation around the world. Having warned of inventory buildup in the US in a recent Bloomberg View post, I thought I could busy my weekend with other issues.
Yeah, right.
Friday morning car news roundup, May 16, 2014
- GM, U.S. Settle Ignition Switch Probe – WSJ: The U.S. Transportation Department is expected to announce a settlement in its investigation of General Motors’ delays in recalling vehicles equipped with faulty ignition switches.
- Nissan teases San Francisco with mystery giveaways – Automotive News: Nissan, without telling passers-by what they might win, is using an oversized Amazon locker and social media to give away a Rogue today as part of a promotion in downtown San Francisco.
- U.S. to make ‘major announcement’ on GM’s handling of recalls – Reuters: U.S. officials will make a major announcement on Friday as part of their investigation into General Motors’ handling of recalled vehicles because of defective ignition switches, the Department of Transportation said in a statement.
- Sources: GM agrees to fine, consent decree over recall – DetN: The National Highway Traffic Safety Administration is expected to announce today it is fining General Motors Co. for delaying a recall of 2.6 million older cars for ignition switch defects linked to 13 deaths and 32 crashes, two people briefed on the matter said.
- UK: Russia’s car market to slump this year and next – LMC – Just-auto: Russia’s car market faces a slump that will last into 2015 according to the forecast analysts at LMC Automotive.
- JPMorgan: GM stock ‘very inexpensive’ – DetN:JPMorgan said it was cutting its forecast for General Motors Co.’ second-quarter earnings by $200 million after the Detroit automaker announced five new recall campaigns on Thursday totaling almost 3 million vehicles. [ There is more … ]
In a grey market in Tianjin, proof why Tesla will easily sell its 5,000 cars in China
One of the hottest topic on Wall Street is whether Tesla will sell the targeted 5,000 units in China. If you want to know what cars are really hot in the world’s hottest market, there is no better place than the grey import dealers around China’s port city of Tianjin, China’s hotbed of cars that officially should not even be there. This is where the first Ford Explorers came in, and the bad boy Raptors. And while Chinese customers complain about not receiving the Tesla Model S they ordered many months ago, the car can be had for cash at a grey import dealer in said Tianjin. According to Tycho de Feijter of Carnewschina, “the dealer claims he has fourteen cars available.” Tesla has only one official dealer, in Beijing, with no cars, but a very long waiting list, and first deliveries some time in June. “That is all too slow for wealthy Chinese car buyers who want a Tesla now,” reports Tycho. In Tianjin, cash shortens the wait. Fresh off the boat from California, and still with the U.S. tag on the car, a Model S goes for a premium of $13,000 above Chinese list. And go they do. [ There is more … ]
EU April new car registrations up 4.6 percent. The shift from premium to budget accelerates
New car sales in the EU were up a paltry 4.6 percent in April, as statistics by Europe’s manufacturer association ACEA show. (Full table here.) When sales were up 10.6 percent in March, this was widely feted as the long-sought turn-around. A month later, there is less reason for celebration. According to the ACEA, April’s “total of 1,089,226 units registered marked the third lowest result to date for a month of April since ACEA began the series in 2003 with the enlarged EU.” From such a low level, one would think that a real rebound shows a little more vigor. [ There is more … ]