- Tesla(NASDAQ:TSLA): Huge Layoffs in China – Wallstreet: The year 2014 kicked off for Tesla Motors Incorporation (NASDAQ:TSLA) when it sent almost 5000 of its Model S sedans to the biggest economy in…
- GM to Change Business Model in Russia – Gm: DETROIT – General Motors today announced plans to change its business model in Russia. GM will focus on the premium segment
- General Motors Beats a Retreat out of Russia – Abcnews: General Motors is to slash production in economically troubled Russia and pull the Opel brand completely in the face of shrinking sales. Mass-market…
- GM Plans to Pull Opel, Most Chevy Cars From Russia This Year – Bloomberg: General Motors Co. plans to pull its Opel brand and most Chevrolet models from Russia as auto demand in the country plunges amid…
- CHINA: TV consumer programme slates automakers on charges, spare parts – Just-auto: Chinese state television channel China Central Television (CCTV)’s annual ‘3.15’ investigative special claimed the local units of Volkswagen, Nissan Motor and Daimler had oversold repairs and spare parts.
- GM’s Opel to exit Russia, shut down plant – Handelsblatt – Reuters: General Motors’ Opel division will exit the plunging Russian autos market and abandon production its plant in St. Petersburg by the end of the year, Handelsblatt reported on Wednesday, citing Opel Chief Executive Karl-Thomas Neumann.
- GM to Indefinitely Idle Russian Assembly Plant – WSJ: General Motors Co. will indefinitely shutter its Russia assembly plant and significantly scale back its vehicle portfolio there, a strategic shift in response…
- RUSSIA: Nissan halts St Petersburg production – Just-auto: Nissan has halted operations at its St Petersburg plant for 16 days from 16 March until 31 March, due to sluggish sales.
- A French billionaire’s anti-Tesla dream costs 20 cents a minute – Automotive News: The Tesla Model S, a sumptuous, four-door electric sedan with a sticker price of $71,000, has a waiting list that stretches to months.
Archives for March 2015
Wednesday morning car news roundup, March 18, 2015
Auto Industry 101.3: The trouble with China
China is one of the very few auto markets to show solid growth, with good prospects for decades. We learned this in yesterday’s installment of Auto Industry 101. Today, we look a little closer at China, as close as the big country allows in less than 1,000 words. This short course is written due to the recent interest in disrupting the auto industry. The course is bite-sized, and kept extremely simple, Auto Industry for the Twitter Generation. Those in the industry will find nothing new. Those new to the industry hopefully will find a helpful primer.
The Chinese auto market is a Tiger. It’s big, it’s fast, and it can eat you alive. Responsible for the huge market are Deng Xiaoping, and western investors. Deng invited western automakers to China. Volkswagen and American Motors followed his call. (If you are interested in the inside story of why and how VW came to China, let me know, and I may tell it. For AMC, ask Michael Dunne.) Then, VW and AMC languished in China for two decades. Nothing happened until western investors started pouring money into China at around the turn of the last century. Fueled by Dollars, Euros, and Yen, the Chinese car market exploded.
Tuesday morning car news roundup, March 17, 2015
- In Abe’s Japan, everyone (hopefully) gets a raise – CNN: Toyota Motor is set to offer its Japanese workers a hefty raise, giving Prime Minister Shinzo Abe his first major victory in a campaign to hike wages in the country.
- New Jersey Senate Passes Tesla Car Sale Bill – Philadelphia: New Jersey Senate Passes Tesla Car Sale Bill … New Jerseyans are a step closer to be allowed to buy electric cars directly from manufacturers.
- Exclusive – Volkswagen confirms the Polo-based crossover – Inautonews: A Volkswagen representative has confirmed the production of a Polo-based crossover to inautonews.com but the model will not apply to the United…
- Seven reasons why Tesla China has a stockpile of 2300 unsold cars – Ibtimes: Tesla reportedly has a stockpile of over 2,300 unsold cars in China, having sold just 2,499 of its Model S electric saloon car in 2014. The bad news…
- Tesla Motors Inc (TSLA)’s Thursday Update Will Not Be Simple – Insidermonkey: Tesla Motors Inc (NASDAQ:TSLA)’s upcoming update to the Model S line will not be a simple one, Chris Ziegler ventures in an opinion piece on The…
- Nissan Sway Concept might hit the assembly line – Inautonews: The recently unveiled Nissan Sway Concept is rumored to hit the production line in the near future, a thing suggested by an official within the carmaker…
- GM Engaged in Cover Up of Ignition Switch Problems – Detroit Bureau: Lawyers handling a potential class-action suit claim that documents show that General Motors actively engaged in a cover up of the problems with its faulty ignition switches that caused 67 deaths and the recall of more than 2.5 million small cars.
- Toyota’s Measly $33 Won’t Save Japan – Bloombergview: Haruhiko Kuroda can now give his troubles a name: Toyota. It’s hard to draw a kinder conclusion as the company that’s benefited most from the central…
EU car sales are up, longterm, the market is trending down
February new car registrations are out, published by EU auto manufacturer umbrella organization ACEA. EU passenger car registrations were up 7.3 percent for the month, again mostly driven by a re-awakening South (Spain +26.1 percent, Italy +13.2 percent). Germany (+6.6 percent) and France (+4.5 percent) finally show a little life. [ There is more … ]
Auto Industry 101.2. Today: Whither the growth?
Yesterday in Auto Industry 101, we covered the tepid growth of the same. Today, we look into where the industry is growing, and where is doesn’t. This short course is written due to the recent interest in disrupting the auto industry. The course is bite-sized, and kept extremely simple, Auto Industry for the Twitter Generation. Those in the industry will find nothing new. Those new to the industry hopefully will find a helpful primer.
For the last 10 years, the global auto industry has grown at an average annual rate of just 3.4 percent. Ten years ago, 66 million automobiles were sold worldwide. In 2014, it was 88 million. Let’s begin with a look at where the auto market definitely is not growing. [ There is more … ]
Monday morning car news roundup, March 16, 2015
- Can Tesla Sell 12,000 Cars This Quarter? – 247wallst:
- BMW X5 xDrive40e plug-in hybrid revealed – Autoexpress: News 14 Mar, 2015 Plug-in version of BMW’s popular X5 will go on sale this year, capable of 83mpg and 77g/km of CO2
- Tesla’s ‘Real’ China Problem – Seekingalpha: Lithium hydroxide demand for use in lithium ion batteries is growing rapidly. Tesla (NASDAQ:TSLA) and other transportation related use is the main…
- BMW adds 77g/km plug-in hybrid to X5 range – Evfleetworld: As a result, BMW’s first plug-in hybrid outside the i sub-brand returns 85.6mpg on the NEDC plug-in hybrid test cycle and emits 77g/km of CO2…
- Spanish recovery gathers pace – FT: Lower oil price and weak euro contribute to pick-up in economic activity
- Ford Spark Plugs Break During Removal – Designnews: Ford modular engines have come in many different varieties: 4.6-liter, 5.0-liter, 5.2-liter, 5.4-liter, and 5.8-liter (V-8) and 6.8-liter (V-10) displacements,…
- Nissan, Endesa to tap power from electric cars for use in homes – Eco-business: Endesa SA, the Spanish unit of Italy’s Enel SpA, and Nissan Motor Co agreed to work together to develop technology that will allow owners of electric…
- Chinese parking app rolls out on-demand valet service with fresh $2.6M funding – Techinasia: The China Association of Automobile Manufacturers expects new-car sales to rise 8 percent to 21.3 million units this year, according to Bloomberg.
- Tesla China has a Record Unsold Inventory of 2301 cars – Carnewschina: Reports in Chinese media say Tesla China has a record inventory of 2301 Model S cars. The number is based on a comparison of the 2014 sales number and the 2014 import number
- Report – BMW to rival Audi’s Q1 soon – Inautonews: The BMW Group, the largest premium automaker in the world, has plans to keep up with its closely following rival in terms of new model introductions,…
- Apple Car Being Worked On Minutes Away From Apple Campus – Geeky-gadgets: We have been hearing various rumors about the Apple Car project which is also known as Project Titan and now it looks like we have some more…
Auto Industry 101. Today: How big?
Due to the recent interest in disrupting the auto industry, here a short course in same. The course is bite-sized, and kept extremely simple, Auto Industry for the Twitter Generation. Those in the industry will find nothing new. Those new to the industry hopefully will find a helpful primer
The auto industry is one of the most complex and, next to pornography, one the most alluring in the world. How big is it? Statista puts the 2013 revenues of the world’s 17 largest automakers at 1.25 trillion euro, or 1.31 trillion USD. This number is skewed by the undervalued Euro. A year ago, and with a stronger Euro, the same revenue was worth 1.75 trillion USD. The global auto industry consists of some 50 players, and not of 17. Large companies such as Volkswagen, GM, or Toyota use the equity method for their China operations, China does not show up in their revenues. China is about one third of Volkswagen’s and GM’s business. It is probably a safe bet to estimate total worldwide annual auto manufacturer revenues at around 2 trillion $US. Total industry size, including ancillary businesses, such as parts, service etc., is probably twice that. That would be a generous $4 trillion, and a healthy chunk of business. However, it is not the $10 trillion that are frequently thrown around.
That was the good news. [ There is more … ]
Saturday morning car news roundup, March 14, 2015
- GM Settles Ignition-Switch Case – WSJ: The family of a Georgia woman whose death helped set off a widespread recall crisis at General Motors over defective ignition switches accepted an offer from the auto maker’s compensation fund, ending a lawsuit against the Detroit auto maker.
- Renault-Nissan CEO Carlos Ghosn Speaks To Media At 2015 Geneva Motor Show – Video – Insideevs: For highway autonomous driving (including lane changes) from the Renault-Nissan Alliance we will have to wait until 2018, while city driving is…
- Henrik Fisker unveils Aston Martin Vanquish-based Thunderbolt – Autocar: The Thunderbolt is based on the Aston Martin Vanquish
- Fuel Cell Cars To Become Economically Viable By 2025, But EVs Are Viable Today – Insideevs: According to Reuters, “fuel-cell technology is becoming cheaper and will be commercially viable for mass use in cars by 2025.” Reuters says that a…
- Recent Event Calls Into Question If General Motors Has Truly Learned Its Lesson – Motley Fool: I’m fairly certain every single one of you reading this remembers General Motors Company (NYSE: GM) going bankrupt during the recent recession,…
- Apple, Tesla may be too different to succeed, skeptics say – Upi: A rear view of the tail lights of Tesla Motors Model S electric vehicle. Apple is reported to be building an electric car, and rumors of a purchase of Tesla…
- Elon Musk and Tesla face a powerful competitor — Warren Buffett and his Chinese car company – Businessinsider: SZ>, backed by Warren Buffett’s Berkshire Hathaway Inc , aims to triple its production of batteries as it takes on Tesla Motors in the…
- Mahindra to showcase electric vehicle expertise in Miami – Moneycontrol: Formula E seeks to represent a vision for the future of the motor industry, accelerating general interest in electric cars and promoting clean energy and…
- Toyota gambles on hydrogen as future alternative fuel – Kitv: Toyota says hydrogen is the future. … “Toyota has been working on this technology since 1992 and has logged 1.3…