“On Nov. 27, Toyota boss Akio Toyoda wowed a crowd of spectators in Japan by racing through a lineup of Lexus LFA supercars in the new Toyota 86 sporty coupe. One day later, Honda CEO Takanobu Ito hopped on a Honda MotoGP racing motorcycle and blasted around the company’s Twin Ring Motegi racetrack.” (Read More…)
In Once Upon a Car, Bill Vlasic artfully employs quotes gained through over 100 interviews to make readers feel like they’re “in the room.” Assuming that Vlasic has accurately reproduced the original dialogues, we learn how senior executives really talk… (Warning: Graphic language after the jump.) (Read More…)
A TTAC tipster sent us a Teknikens Värld interview with Saab’s long-suffering would-be rescuer, Victor Muller, in which the eternal Saabtimist seems ready to admit defeat. In essence, he admits that GM is unlikely to ever approve a plan involving Chinese firms, that the Chinese firms are throwing “money into a black hole” and that all the previous plans are off the table. Of course, Muller does seem to think that some kind of rescue may yet be possible, but he admits
If I doze off Saab would disappear in an instant
If Muller is losing faith, and doesn’t even have a hairbrained scenario to hype, it seems that the end may well be near. But then, the whole rescue of Saab is beginning to be eclipsed by questions about Muller’s erstwhile partner, Vladimir Antonov, who was recently bailed out of British jail, where he was being held on charges of embezzlement and document forgery. But first, to the Muller interview…
Hear about two high-ranking Mitsubishi execs leaving their positions simultaneously, and you might be forgiven for thinking “rats leaving the sinking ship.” After all, Mitsubishihas been in deep decline for the better part of a decade, as sales have fallen from a peak of over 345,000 units in 2002. But in actuality, Mitsubishi is having something of a turnaround year. Sales are up 51% year-over-year, and volume crossed the 70k mark in October, guaranteeing the brand its best year of sales since 2008. So, why did VP of marketing and product strategy Gregory Adams, and vice president of corporate planning and incentives Mike Krebs leave Mitsu ”to pursue other opportunities”? Automotive News [sub] offers few answers beyond pointing out that Krebs is a ten-year veteran of Mitsubishi Motors America, while Adams joined in 2010. Why the two decided to jump ship (or were forced out) at the same time remains a mystery for now…
From the first part of this clip from Bob Lutz and Elon Musk’s recent appearance on the Charlie Rose, in which the two discuss “The CO2 Thing,” you might guess that the two are at odds with each other. After all, Bob’s the gruff, “Global Warming is Bullshit” type and Elon is the sensitive, change-the-world type. But by the end of this brief clip, the two industry mavericks are falling all over themselves with mutual admiration. But then, both have learned from the other (however indirectly) over the past few years: Lutz’s legacy of the Volt was in part motivated by Musk’s endeavor, and Musk himself has a lot more respect for Detroit’s “old school” manufacturing know-how now that his firm is actually trying to build its own cars in volume. It’s a study in contrasts watching these two iconoclasts from such separate worlds going at it… and yet you get the distinct impression that these two guys aren’t quite as different as you might think.
A week ago the president of OICA, Patrick Blain, ruffled some feathers on this side of the Atlantic by laying into the US auto industry with such bon mots as
If the American manufacturers had gone years ago to the government and said, ‘Listen, we have a huge project’ – electric cars, for instance, the government could at least have studied it. But they never tried.
Take the Chevrolet Volt (extended-range electric vehicle launched in 2010). Without government help, at least in the developmental stages in which certain economies of scale must be reached, it is too expensive. It’s just another example of the American industry being too late. They have missed many trends.
Because the sign of an innovative automaker is entanglement with the government… just ask Blain’s compatriots (and former colleagues) at Renault! Oh, and incidentally, Detroit did approach the government for help developing green cars back in the 1990s and managed to waste a cool billion dollars building three prototypes (see: PNGV). But there I go taking Blain at his word… when he’s already walking back his nonsensical comments. (Read More…)
The German business paper Handelsblatt reports that Mercedes-Benz USA CEO Ernst Lieb, a 36-year Daimler veteran, has been fired for “serious and repeated” violations of the company’s internal finance compliance rules. Per the Dow Jones [via FoxBusiness] translation,
Lieb is said to have remodeled his house in New York at the expense of Daimler and settled personal golf club contributions through the company, the executive is reported as saying.
Lieb has also been accused of providing favors at the company’s expense, such as renting cars in exchange for flight upgrades
Having had an unexpectedly action-packed couple of years as Transportation Secretary, Ray LaHood has had enough. The Chicago Tribune reports that
the Illinoisan who heads the U.S. Department of Transportation, said today that he is staying in that job for one term only and will not run for public office again.
Remember the video of Volkswagen CEO Martin Winterkorn testing the quality of the new Hyundai i30? Thanks to Autobild, we’ve found a companion video from the Frankfurt Show, in which Winterkorn, along with VW Chairman Ferdinand Piech, gives the once-over to the new European-market Honda Civic. According to Autobild, Piech kept his nickname “Fugen-Ferdi” (Gap-Ferdi) relevant by checking the new Civic’s panel gaps. And, in contrast to the Hyundai video, the intelligible portions of Winterkorn’s commentary were less than entirely complimentary. The German magazine reports
A member of the VW entourage says that “(Honda) has had good role models.” But the big boss played down the praise for VW with a smile, and responded generously “they were once a role model for us.”
Note the use of the past tense, then contrast with Winterkorn’s reaction to the Hyundai. In just two videos you can see the balance of automotive power shifting…
When we went on the plane this morning for the some 600 mile trip to see a Nissan plant in Kyushu, the southernmost of the four main Japanese islands, we asked ourselves: Why?
After all, the plant had been there since 1975. What’s new? We soon should find out: Nissan CEO Carlos Ghosn went on a full frontal attack against the high yen, threatened several times that Nissan and most of the Japanese industry would pack up and leave, and delivered an ultimatum: “If six months down the road we are still in this situation, then this will provoke a rethinking of our industrial strategy.” (Read More…)
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geo - Thanks for proving my point. People think crappy old Hondas are gold, and pay a premium for them. A friend just...
RGS920 - Honda used to build engines that people wanted to buy. They no longer do that. The competition has moved...
T.W - What a shame as they’re definitely worth saving but soon they’ll be drawn into the crushers loving embrace. Don’t know what you got till...
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rpn453 - Don’t feel threatened by Chinpokomon toys, Mr. Beck. We are very simple people with very small penis. We cannot achieve so much with such small...
wsn - “It’s not hard to imagine the reaction if the Civic were branded as domestic.” Oh come on, not the...
cfclark - My cousin had one of these when she went off to college in 1986–I think it was the round-headlight model (so, ’78, ’79?). From what I...
Pch101 - “The words innumerate and politically illiterate come to mind.” Also, the committee vote was a “voice vote”. In other...
Chicago Dude - One of my crazy habits when traveling is to tour breweries/distilleries/winerie s if I have time and...
musiccitymafia - Maybe … unfortunately we have a “one party split in two” system of democracy....