Posts By: TTAC Staff

By on February 12, 2014

Renault Twin'Run Concept

Renault’s production alliance with Daimler is about to bear fruit as the automaker will unveil their new Twingo minicar at the 2014 Geneva Auto Show next month.

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By on February 12, 2014

Manchester United Squad Attend Chevrolet Event

Chevrolet’s $600 million sponsorship deal with major football club Manchester United may have been a match made in heaven, but with Man U’s performance on the pitch as of late, the deal is now on the highway to hell according to Automotive News.

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By on February 12, 2014

2014 Fiat 500L Exterior, Picture Courtesy of Alex L. Dykes

Citing weak results in 2013 and guidance challenges for 2014, investment ratings agency Moody’s has cut Fiat’s rating from B3a to B1, four notches below investment grade.

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By on February 11, 2014
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Duncan Aldred, Brian Sweeney and Don Johnson.

As inventories of unsold cars surge past 100 days’ supply, GM has shuffled its sales and marketing organizations in an attempt to move some of that bloated inventory. Last week, GM moved Buick-GMC sales chief Brian Sweeney, 46, to the top sales post at Chevrolet, taking over for the retiring Don Johnson. Sweeney’s replacement will be Duncan Aldred, 43, who most recently has been running GM’s British brand, Vauxhall. Both executives will will report to new U.S. sales chief Steve Hill, 53.

Automotive News is reporting that the continued changes in personnel at GM’s sales and marketing divisions has been a source of frustration for dealers and ad agency executives in recent years. Some dealers feel that what they see as GM’s strongest product lineup in generations is being compromised by chaos in the marketing team responsible for promoting those new products. (Read More…)

By on February 11, 2014

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Inventories of unsold cars and light trucks have swollen to their highest levels since the recession while sales growth in the U.S. market has slowed significantly in the past five months. That combination could mean larger discounts and incentives and lower profit margins in 2014. According to Automotive News, all three domestic automakers started February with more than a 100-day supply of unsold vehicles. Industry-wide automakers had 88 days’ worth of vehicles at the start of February, the highest February inventories have been since 2009, when the industry was at its nadir.

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By on February 11, 2014

OTGAppAd2

General Motors, Ford, Chrysler will be joining Toyota in implementing a common standard for rating the towing capacities of their light-duty pickups. That uniform standard will allow shoppers to more accurately compare vehicles’ towing capabilities and reduce some confusion caused by truck makers with differing standards. Bear in mind, though, that for heavy-duty pickups, automakers will still rate their vehicles with their own standards.

Spokesmen for Ford Motor Co. and Chrysler Group acknowledged last week that starting with 2015 model year full size light duty pickup trucks they will be joining Toyota in using a towing standard originally adopted by the industry in 2009. GM said that it would join the other companies in using the new standard. (Read More…)

By on February 10, 2014

tesla-model-s-03

During a Tesla townhall meeting at the automaker’s European headquarters in Amsterdam, CEO Elon Musk announced to owners that an all-wheel drive version of the vaunted S would arrive in showrooms by the early months of 2015 at the latest.

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By on February 10, 2014

Toyota Landcruiser 70 Troop Carrier Workmate

Toyota announced Monday that as of 2017, the automaker will no longer manufacture any of their vehicles in Australia, driving in the final nail to the coffin containing the nation’s local automotive industry following similar announcements by Holden and Ford.

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By on February 10, 2014

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Reuters and The Wall Street Journal reported on Friday that Toyota Motor Corp. and the United States Department of Justice are close to a deal that would resolve a criminal investigation into how it disclosed to government regulators customers’ complaints about unintended acceleration. The Journal is reporting that the settlement would involve Toyota paying as much as $1 billion in fines, ending a four year investigation. Sources say that the deal could still fall apart, or the amount of money involved could change.

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By on February 10, 2014

bmw m235i

When Cadillac brought out their Vsport editions, cars that have higher performance than stock models but not quite the full-tilt performance offered in the V versions, some saw it as a watering down of the V brand. Now BMW appears to be following Cadillac’s lead with M Performance Automobiles, or MPA. Automotive News reports that MPA cars will have greater horsepower and a more sporting driving experience but they won’t have all of the chassis and performance mods that the top of the line M high performance models have. They also won’t have the high price tags of the M cars. The idea is to offer enthusiasts a moderately priced model with more performance than the base car.

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By on February 7, 2014

 

rockefeller

Senate Commerce Committee Chairman Jay Rockefeller, a Democrat from West Virginia, told officials of companies including General Motors, Toyota Motor Corp., Google Inc., Samsung Electronics Co., AT&T Inc. and Apple Inc. to move faster on implementing standards to reduce driver distractions caused infotainment systems, or he will introduce legislation to regulate Internet connectivity for in-car use.

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By on February 7, 2014

Dollar vs Yen

In a speech given to an Economic Club of Chicago luncheon held in conjunction with the Chicago Auto Show media preview, Ford Motor Company’s president for the Americas Joe Hinrichs criticized Japan and Toyota in particular for benefiting from currency manipulation. Hinrichs said Ford would “urge Congress to oppose a TPP [Trans-Pacific Partnership currently being negotiated.] if it does not include strong currency disciplines.”

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By on February 6, 2014

kia-soul-ev

 

While sister brand Hyundai has yet to offer an EV, Kia will step up to the plate and offer an electric version of the Soul, with a range between 80-100 miles via a 27 kWh battery pack. The Soul EV puts out 109 hp and  210 lb-ft of torque, relatively tame figures for an EV. Level 1 and Level 2 fast charging is supported, with provisions for DC fast charging and even conventional outlet charging, which can take as much as 24 hours. On the other hand, charging via a 50 kWh charger can provide 80 percent juice in as little as half an hour. Notably, the battery pack lies flat, so you only have to give up 5 cubic feet of cargo room and a 3.1 inches of leg room to attain a zero-emissions Soul.

By on February 6, 2014

Experian HQ

Just over five years after the Great Recession tightened consumer lending standards on everything from cars to houses, Experian Automotive is forecasting growth in the subprime market for 2014, including longer loan terms and increased delinquencies.

(Read More…)

By on February 6, 2014

Suckers at the Stock Photo Dealership with a Credit Card

Though many a dealer knows lengthy long-term financing is a bad deal for all involved, Automotive News reports that attendees at the recent American Financial Services Association’s Vehicle Finance Conference in New Orleans acknowledged that such financing is necessary to do business.

(Read More…)

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