We regret to inform you it is now a felony to shove a metermaid or interrupt the issuance of a parking ticket in the once-great state of New York. TheNewspaper.com reports that the New York state legislature has extended a special protection to metermaids that was once reserved for police, firefighters and paramedics. Under the new law, physical contact for which a meter maid can claim an injury is now a Class D felony, for which you could be sent to the big house for up to seven years. "No one likes to get a ticket," says Assemblyman J. Gary Pretlow, "but the contempt some persons have for the job of the TEA (Traffic Enforcement Agent. Aw) or New York City marshal does not warrant the violent confrontational approach they have taken." Pretlow was likely referring to a well-publicized incident this May in which a metermaid TEA was beaten by an off-duty police officer to the applause of onlookers. Which would lead you to believe that metermaids have it pretty rough out there, and indeed the NYPD says some sixty TEA assaults were reported last year. Of course, that is in a city which had a total 27,295 reported aggravated assaults in the same year. You'd actually expect that aggrieved dude-on-metermaid violence would make up a much higher percent of those statistics.
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Forbes is reporting that Chrysler and notorious industry-alliance slut Fiat are discussing terms of an agreement that could bring Fiat products back to America. Chrysler could lease North American production capacity and share retail space with the Italian automaker say enigmatic "people briefed on the talks." But Chrysler isn't in this just to have another competitor hocking its wares next door, luring the crowds away from Sebrings and Journeys. No, the Auburn Hills crowd has a cunning plan, and it involves Fiat's other, other squeeze: Tata Motors. Chrysler thinks the Wrangler would do well in India and other Asian markets, and talks with Tata are already underway. Since Fiat and Tata are becoming increasingly joined at the hip, Chrysler seems to be imagining a global triumvirate of second-tier automakers. Oh yes, and as one (again with the anonymity) investment banker puts it " "You could definitely see this evolve into something. It would make sense for Tata to buy Jeep if this partnership went through … and Chrysler could really do with selling a brand and getting some cash." So Fiat gets US market access, Chrysler gets a buyer for Jeep (and sweet, sweet cash), and Tata gets an armor-ready platform (Wrangler J8) to sell to the Indian military. Meanwhile Fiat has, quite by coincidence, agreed to finance all of Tata's Jaguar and Land Rover sales in Europe. This is starting to get kinky.
The day before I left in my jet for an exercise in Goldsboro, North Carolina on the 18th of this month, I filled my ancient Audi Quattro's 25 gallon tank to the tune of $98, with gas on-base hovering around $3.94. I then staggered into the station to get Swedish Fish and Tequila to drown my sorrows, as a 25 year-old Audi with AWD only gets 25mpg at best. Upon landing yesterday, the 30th, I drove past the pumps, and saw prices are now $3.34, a drop of $0.60 in 15 days. I would have only saved about $13 or so, but that buys at least three overpriced coffees at Starbucks. Are the plummeting gas prices in the most oil-cheap of states a portent of things to come? I believe so, as my father, an engineer for Occidental Petroleum in Texas has started analyzing all oil wells that cost more than $100 per barrel to extract the dino-juice from the Earth. Oxy is starting to prepare for a crash, as are the other oil companies (per rumor). The rumors flying around the offices in Midland, Texas are saying middle of 2009 to early 2010. Regardless of whether an oil crash occurs, who ever predicts the crash, or the rise in prices will surely make a lot of money.
When the new energy bill mandating higher CAFE ratings came out last December, it didn't offer automakers any kind of financial assistance to meet those goals. Since then, we've been treated to a parade of industry types wailing that with times so bleak, CAFE will kill Detroit unless the government bribes assists the domestics with following the law developing more efficient cars. Perhaps sensing John McCain's weakness with the industry, Senate Democrats are rushing to position their party to take advantage of the now free-floating "bailout vote." The Detroit News reports that Democrat leadership has agreed to support $6b in loan guarantees to domestic automakers, and is considering a further industry stimulus for plant retooling. All told, the package will total some $25b in loan guarantees that would cost taxpayers $3.75b. Tellingly, $300m of the initial $6b is earmarked for advanced battery development. If that sounds familiar, that's because it's a pretty handy preemption of John McCain's "Project Lexington." And since McCain seems happy to stick to his Nancy Reagan (just say no!) on bailouts, Obama and the Dems are going to go after the weird industry-worker alliance that wants bailout. It's populist, it's patriotic, and (post-Bear, Fannie and Freddie) it's principled. Best of all, it only costs the taxpayers a few billion. Game on!
Despite the fact that SUV are PC pariahs in The Land of Hope and Glory, despite the fact that unleaded costs $8.74 per gallon, SUV sales are up 11 percent on the year. Londoners are buying up SUVs faster than any other municipality. As London's roads haven't reverted to potholes and cobblestones, there must be some other way to logically explain this trend-defying headline. Are the expat Russian billionaires beefing-up their security entourages? Are conservatives celebrating the demise of Ken Livingstone and his $50/day C-charge plan? Is Clarkson on a Landie kick? Why is Old Blighty leading the Charge of the Light Truck Brigade while we here In The Land of the Free run for our Priora at first sign of $4 gas? Whatever the reason keep in mind that Britons consider things like the Daihatsu Terios an "SUV"– even though it sports a 1.5-liter engine and gets a combined 35mpg. Um, not that there's anything wrong with that…
I've been exceptionally busy on the flame-suppression front. This week, I've removed dozens of offensive comments, and permanently banned more than a few unruly malcontents. I'm not surprised. It's a painful time for anyone who had faith in the domestic automakers. The bad news coming from Detroit is coming fast and it makes them furious. At us. But a lot of the boneless chickens we've identified here over the last four years– giving credit to anyone with a pulse, bad branding, lousy product decisions, and on and on– are coming home to roost. Truth to tell, it's a good time for TTAC. Our visitor numbers are up. Nothing rad. Just the same organic growth. Which is fine by me. It means we're building a solid base of readers who "get it." And to this group I promise more solid journalistic work like Samir Syed's excellent interview with CAW leader Buzz Hargrove. We're limited by finances, but wherever we can, we will break news. Meanwhile, we, like you, watch the scene with an increasing sense of foreboding. Through it all, we'll be here, telling the truth about cars.
[New podcast inserted. Thanks for your patience.]
Once a car salesman "data captures" you, the calls never stop. Some are rude. Some are sweet. All are pushy. The salesman's goal: get the sale. Meet the quota (placate the Alpha Dog). Pay the bills (placate the Ex). In America's cratered new car market, the chances of a car salesman making his nut are only slightly less than that of the squirrel in Ice Age. Has this stopped dealers from getting up to their old tricks? Hell no. If anything, they're abusing their customers MORE. Still, if you know how to handle the heat, this is The Mother of All Buyer's Markets. Here's how to work the system…
We've just heard from our sources that GMAC is about to announce that it will no longer offer lease deals on the Yukon, Yukon XL, Suburban, Tahoe, all full-size trucks, Envoys and TrailBlazers as of tomorrow. The General's captive finance arm will also raise the "money factor" (the leasing rate) on Cadillacs by two percent. Needless to say, this will be an enormous blow to GM's sales. We're told that GM has called a meeting of all mid-western dealers at the Rock Financial Showcase for the same day, [presumably] so that marketing maven Mark LaNeve can announce the incentive deals that will replace leasing. We also hear that GM is about suspend employee pricing on most car lines, such as the Chevy Cobalt, in order to make money where they can. We'll have more info as we get it. [hat tip to you-know-who-you-are]
Why would anyone gloat about The Great American SUV's spectacular fall from grace? Why wouldn't they? As for San Francisco Chronicler Mark Morford's gleeful epitaph, the main question here is, "Dude! What took you so long?" Whatever your take on the topic, you gotta admit MM dances on the SUV's grave with pugnacious panache. "Who didn't note the beginning of the end when, five years ago, the world's worst consumer vehicle ever took its place as the poster child for all that went wrong with the condescending American ethos, the oil-sucking war-drunk Bush-mauled mind-set? Ah, the Hummer H2. Has any consumer product embodied our misguided arrogance better? The ridiculous scale, the horrible handling, the contemptible road manners, the false machismo, the Cro-Magnon design, the ability to traverse 60-degree rockslides in a hurricane even though all you ever really needed to do was run over those little concrete bumps in the Wal-Mart parking lot. Dude! Righteous!" And here's the really scary part: Detroit Free Press' Matt Helms' po-faced, mea culpa response. Has Motown's mauling put it into a terminal funk?
GM ALWAYS releases the really bad news on a Friday.The two-day interregnum gives Wall Street's money men a chance to get distracted by booze, babes and baubles. More SOP: auto analysts predictions of GM's losses are usually too high. (You might suggest an intentional disinformation campaign, but I couldn't possibly comment.) This time out, Bloomberg makes a pretty good case for, uh, what are we going to call THIS one? Holy Black Hole Friday? Anyway… "Collapsing values of leased sport-utility vehicles may force General Motors Corp. Chief Executive Officer Rick Wagoner to announce $2.3 billion in losses tomorrow on top of more than $1.4 billion that analysts have forecast." Uh-oh, here comes that damn "headwind" analogy again… "This is clearly one more headwind they have to fight,'' Lehman Brothers analyst Brian Johnson opined. "If they end leasing, it could end up being a 5 to 10 percent headwind to sales.'' To paraphrase Police Chief Martin Brody, "You're going to need a smaller, faster and more seaworthy boat." [Triskadecaphobes note: Bloomie's survey of 13 auto analysts reckons GM will report a loss of $2.41 a share.]



Recent Comments
newcarscostalot - It looks nice. I would like to see a head to head comparison against this vehicle and other trucks under contolled conditions to see how it stacks up.
Cammy Corrigan - May I remind people that the 240000 figure is a production figure. They use those units to sell GLOBALLY, not just in the US. Through...
reclusive_in_nature - I think the recent Impala SS is worthy of the moniker (of course I own one). Say what you want about it’s handling or how hard the plastics...
reclusive_in_nature - So the vehicle company that isn’t castrating itself to meet CAFE regs is the one domestic company that hasn’t gone tits up. What a shock.
confused1096 - Very briefly in the ’80s there was a Camaro with a 4-pot under the hood. It barely got out of it’s own...
confused1096 - My best friend has a very well preserved ‘85 or ‘86. Great little truck for what it was, very well...
guyincognito - @ Robert Schwartz, Have you not been in Michigan lately? Most everyone still applies the possessive to all businesses. I’m going to Miejer’s, I...
guyincognito - Seriously? I’m no truck guy, but I still think this vehicle is more in line with the F-150’s mission than a Lightning. Why diminish the advantages of a...
Kendahl - The Mini is so different from the various BMW coupe and sedan models that I have to remind myself that it is built by the same company. I...
guyincognito - “Anybody can slap a few shiny shocks on a truck and some fender flares. This truck is really nothing more than a “ZR2″ F-150.” As someone with...