“The only reason we are not making money on the net is that I pay interest on the borrowings I took from the government and I have money in the bank to cover that debt. Actually, against the Treasury we owe them nothing. We have enough cash to pay it all off. But you can’t run a business without cash, so it’s just a function of our capital structure. If we had taken those funds as equity as GM did, we would have been making money, net, right now.”

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The WSJ reports that “senior officials at the U.S Department of Transportation have at least temporarily blocked the release of findings by auto-safety regulators that could favor Toyota Motor Corp. in some crashes related to unintended acceleration, according to a recently retired agency official”. Governmental departments suppressing documents? Much like Toyota suppressed their design flaws which landed them a record $16.4m fine? You have my interest… (Read More…)

I was born in 1971 and started actively reading about cars in 1976, subscribing to Car and Driver and absorbing the work of men such as LJK Setright, Gordon Jennings, and Gordon Baxter. Those men were waiting for America to create a truly outstanding small car, one that could meet the Germans (and, later, the [...]

ToMoCo is keeping the suspense up on their long awaited and hotly rumored first quarter profit numbers. Daihatsu has reported stellar numbers. Hino has reported a nice set of financials. Now, “nine major Toyota Motor Corp. group companies all reported group net profits in the April-June quarter thanks to a recovery in the auto industry,” says The Nikkei [sub]. No word yet from the mother ship. EMCON. Strict radio silence. (Read More…)

This could be the week that separates the electric hype from the electric truth.  Real EVs get in the hands of real drivers for real reviews. Our Dan Wallach drove the Tesla Roadster. Our very own Ed Niedermeyer wrote his “GM’s electric lemon” review of the Chevy Volt for the New York Times. (He didn’t really drive the thing, but the article really drove some to drink, up the wall, nuts – their choice, it’s a free country.)  And Joseph B. White of the Wall Street Journal laid his hands on a real Mitsubishi i-MiEV, for a real life test drive under the grueling conditions found within the Washington Beltway. (Read More…)

How things change: Last year, the death of the automobile was prognosticated. Maybe little cheap econoboxes. Luxury cars? Forget it, dead as dinosaurs. Don’t even mention dinosaurs. This year … just have a look at Audi. (Read More…)

When Subaru introduced the 2005 Legacy GT wagon with a turbocharged flat four, all-wheel-drive, and a manual transmission, it went straight to the short list of cars I’d buy…if I was buying a car. But I wasn’t buying a car. Apparently there were too many like me, for Subaru discontinued the manual transmission the following [...]

As much as we web-based types like to smirk at the slow death of the traditional media, the real truth seems to be that, more often than not, the internet is more of a training ground than a final destination. So it is with former TTAC reviewer Jonny Lieberman. Jonny has worked at a number of automotive blogs, including a stint at TTAC that stretched from February of 2006 to January of 2009. After TTAC, Jonny went on to become the Associate Editor at Autoblog, where he primarily focused on road test reviews. Having worked his way to the biggest car blog out there, Jonny’s ambition has taken him beyond the internet to the world of print journalism, and the halls of Motor Trend where he will become Senior Editor. In his farewell piece at Autoblog, Jonny looks back at his time in the autoblogosphere, and notes

I’ve worked at some sites filled with mega-friendly people that weren’t capable of pouring piss from a boot. Other places were hyper-competent and staffed almost totally with assholes.

Anyone want to bet that the second sentence wasn’t written with TTAC at least partially in mind? And though Jonny was never the most confrontational writer at TTAC, we certainly hope that he will bring at least a tiny bit of TTAC’s take-no-prisoners ethos to Motor Trend. Or at least the raw enthusiasm embodied in such TTAC pieces as his Audi RS4 review. Either way, his hiring helps prove that even the buff books are looking to the internet for fresh blood. The autoblogosphere may not replace the print magazines, but it cant help but have a profound effect on it. Hopefully for the better.

In April, everybody who walked by the FAW display at the Beijing Auto Show, yours truly included, did a double-take and took a lot of pictures upon seeing their Red Flag CA7600L monstrosity. It was a huge crowd magnet, and everybody walked away, muttering: “They’ll never build THAT.” Boy was everybody wrong. (Read More…)

Motorvehicle production in Japan was up 25.9 percent from a year earlier in June, says the Japan Automobile Manufacturers Association via The Nikkei [sub] Domestic sales are a bit more sedate, up 17.4 percent in June. Where did all those cars go? (Read More…)