The Truth About Cars » People http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Mon, 06 Jul 2015 17:04:02 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » People http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com/category/news-blog/people/ Suzuki CEO Appoints Toshihiro Suzuki To President, COO Roles http://www.thetruthaboutcars.com/2015/06/suzuki-ceo-appoints-toshihiro-suzuki-to-president-coo-roles/ http://www.thetruthaboutcars.com/2015/06/suzuki-ceo-appoints-toshihiro-suzuki-to-president-coo-roles/#comments Tue, 30 Jun 2015 16:00:48 +0000 http://www.thetruthaboutcars.com/?p=1102817 Suzuki chairman and CEO Osamu Suzuki announced Tuesday the appointment of his son and likely successor, Toshihiro Suzuki, to the role of president. Toshihiro’s appointment is part of Osamu’s plan of bringing aboard a younger management team over the next five years to guide the company, Automotive News reports, with Osamu overseeing the changeover: We […]

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Osamu and Toshihiro Suzuki

Suzuki chairman and CEO Osamu Suzuki announced Tuesday the appointment of his son and likely successor, Toshihiro Suzuki, to the role of president.

Toshihiro’s appointment is part of Osamu’s plan of bringing aboard a younger management team over the next five years to guide the company, Automotive News reports, with Osamu overseeing the changeover:

We thought we needed to rejuvenate ourselves, and in that case it would be best if I left first. But I am so full of conceit that I cannot do that.

Osamu took on the mantle of president and chief operations officer following Hiroshi Tsuda’ 2008 resignation over poor health. His son, who observers see as his successor since the 2007 passing of son-in-law Hirotaka Ono, will take the mantle July 1.

Toshihiro headed the company’s Iwata factory west of Tokyo and managed mini and compact car production at Kosai early in his career, after which he acted as the company’s liaison at General Motors beginning in 2001. There, he helped facilitate exchanges of technology between the two companies, including those surrounding a jointly developed FCV. GM would divest itself of its 20 percent of Suzuki by 2008, a decade after first agreeing to a joint venture with the company.

Whether Toshihiro or another ultimately takes the helm of Suzuki, Osamu’s successor will have much to carry upon their shoulders, such as defending its stronghold in India while pursuing newer markets, and acquiring financing via new partnerships for new, greener powertrain technologies. They will also have the burden of handling the fallout from the dissolution of the company’s partnership with Volkswagen; the case recently finished arbitration, with both parties awaiting a ruling.

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Marchionne Not Yet Ready For GM, Fields Not Interested In Any Merger http://www.thetruthaboutcars.com/2015/06/marchionne-not-yet-ready-for-gm-fields-not-interested-in-any-merger/ http://www.thetruthaboutcars.com/2015/06/marchionne-not-yet-ready-for-gm-fields-not-interested-in-any-merger/#comments Fri, 26 Jun 2015 20:00:09 +0000 http://www.thetruthaboutcars.com/?p=1100777 FCA CEO Sergio Marchionne says he’s not ready to court General Motors’ shareholders for a merger, while Ford’s Mark Fields prefers no mergers at all. Though Marchionne was said to be gathering allies in the finance field to help persuade GM’s investors to consider consolidation — having been rebuffed already by CEO Mary Barra — […]

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Fiat 500 At Tuscany Wedding Circa April 2014

FCA CEO Sergio Marchionne says he’s not ready to court General Motors’ shareholders for a merger, while Ford’s Mark Fields prefers no mergers at all.

Though Marchionne was said to be gathering allies in the finance field to help persuade GM’s investors to consider consolidation — having been rebuffed already by CEO Mary BarraReuters says he stated the following while on the sidelines at Wednesday’s unveiling of the Alfa Romeo Guilia:

We are very far removed from any of those scenarios today. None of my staff has spoken to them, I haven’t spoken to them, nobody is under instruction to speak to them.

When asked about the possibility of going hostile in his ongoing need for industry consolidation, Marchionne’s reply was to proclaim those who “kept wasting capital” were the ones meting out the hostility.

One such individual would likely be Fields. Per The Detroit Bureau, the Ford CEO told reporters attending the annual Further With Ford conference mergers with any automaker, let alone FCA, were out of the question:

We have no interest or plan other than accelerating the One Ford Plan; delivering product excellence and driving innovation in every part of our business. We are never going to take our eye off of being a great developer of cars, trucks and utility vehicles.

Fields added he would consider ways to improve his company’s overall business model, stating it was important for Ford “to open up that lens” in order to lead the industry towards betterment.

(Photo credit: Monica Arellano-Ongpin/Flickr/CC BY 2.0)

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Takata’s Shigehisa Takada Sees Dramatic Pay Cut For 2014 http://www.thetruthaboutcars.com/2015/06/takatas-shigehisa-takada-sees-dramatic-pay-cut-for-2014/ http://www.thetruthaboutcars.com/2015/06/takatas-shigehisa-takada-sees-dramatic-pay-cut-for-2014/#comments Fri, 26 Jun 2015 16:00:40 +0000 http://www.thetruthaboutcars.com/?p=1100577 While some Japanese CEOs are doing well for themselves in compensation, Takata’s Shigehisa Takada took a dramatic cut in pay for 2014. Shown Friday, the supplier’s regulatory filing found Takada took home less than ¥100 million ($810,373 USD) in 2014, Reuters notes. The figure pales to his compensation during FY 2013, when he was given […]

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Shigehisa-Takada-circa-June-2015

While some Japanese CEOs are doing well for themselves in compensation, Takata’s Shigehisa Takada took a dramatic cut in pay for 2014.

Shown Friday, the supplier’s regulatory filing found Takada took home less than ¥100 million ($810,373 USD) in 2014, Reuters notes. The figure pales to his compensation during FY 2013, when he was given ¥206 million ($1.67 million).

The exact amount paid in FY 2014 wasn’t disclosed, however; the Japanese government only requires full disclosure of compensation above ¥100 million.

Takada’s pay cut — and those of Takata’s other five directors — is in part over the failings over the handling of the airbag recall crisis affecting several million vehicles and 10 automakers. Takada issued an apology over the matter Thursday following the company’s annual shareholders meeting, and said he and the directors would give back part of their pay as a result.

Per a representative, Takada would see a reduction of 25 percent for the year ending this March, while the five directors would give back 20 percent of their compensation.

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Lowrider Magazine Founder Sonny Madrid Dead At 70 http://www.thetruthaboutcars.com/2015/06/lowrider-magazine-founder-sonny-madrid-dead-at-70/ http://www.thetruthaboutcars.com/2015/06/lowrider-magazine-founder-sonny-madrid-dead-at-70/#comments Thu, 25 Jun 2015 20:00:47 +0000 http://www.thetruthaboutcars.com/?p=1100041 The founder of Lowrider magazine, Sonny Madrid, died Monday at 70. The San Jose, Calif. native founded the iconic magazine during the mid-1970s, Hemmings Daily reports, when two events linked to his previous magazines — published as a student at San Jose State University — provided the seed capital needed to launch the first issue […]

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Sonny MadridThe founder of Lowrider magazine, Sonny Madrid, died Monday at 70.

The San Jose, Calif. native founded the iconic magazine during the mid-1970s, Hemmings Daily reports, when two events linked to his previous magazines — published as a student at San Jose State University — provided the seed capital needed to launch the first issue in January 1977.

From there, Madrid and his staff sought to connect every last independent lowrider community as they could, with Madrid leaving the Bay Area in his 1954 Chevrolet sedan delivery to promote the magazine in locales like East Los Angeles — where lowriders began — New Mexico and Texas; the staff expanded outreach further east.

Madrid was also key in the decision to add pin-ups to the front of every issue of Lowrider, beginning with the November 1979 issue. Despite the initial outcry from both male and female readers, magazine sales climbed 15 percent to 20 percent, per figures reported in Charles M. Tatum’s book, “Lowriders in Chicano Culture: From Low to Slow to Show.”

Overall, Madrid’s Lowrider not only covered and helped to grow the lowrider scene, but also promoted the music, fashion and culture surrounding it. However, the original magazine would fold after the December 1985 issue over financial difficulties. The resurrected Lowrider returned in 1988 after former staffer Alberto Lopez bought the magazine from Madrid; Lopez later sold the magazine to publisher McMullen Argus in the late 1990s.

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Julie Hamp Could Face Criminal Intent Charges Over Controlled Drug Importation http://www.thetruthaboutcars.com/2015/06/julie-hamp-could-face-criminal-intent-charges-over-controlled-drug-importation/ http://www.thetruthaboutcars.com/2015/06/julie-hamp-could-face-criminal-intent-charges-over-controlled-drug-importation/#comments Thu, 25 Jun 2015 16:15:01 +0000 http://www.thetruthaboutcars.com/?p=1100065 Toyota PR exec Julie Hamp isn’t having the best time in Japan right now, and the situation could worsen thanks to the nation’s strict drug importation laws. As explained by Jalopnik‘s Kat Callahan, Japan requires users of any controlled substance brought into the nation to walk in a limited amount of the prescribed meds before […]

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Julie Hamp Not In BlackToyota PR exec Julie Hamp isn’t having the best time in Japan right now, and the situation could worsen thanks to the nation’s strict drug importation laws.

As explained by Jalopnik‘s Kat Callahan, Japan requires users of any controlled substance brought into the nation to walk in a limited amount of the prescribed meds before customs, declare the drugs, and present a doctor’s note translated into Japanese before they can be allowed into one’s medicine cabinet. Otherwise, narcotics like the Oxycodone brought in by Hamp are verboten, and cannot even be sold by or found in a pharmacy in Japan; they can’t also be mailed.

Non-controlled drugs, meanwhile, don’t need a translated note, but must now be walked in and declared, and only a one-month supply is allowed to enter the country.

While Hamp could attempt to plead ignorance on the laws of the land, her case would need to depend on her not hiding the Oxycodone in a box marked “Necklaces” among a ton of toy necklaces, and thus, avoiding customs declarations in so doing. Unfortunately, this is the scenario which played out, giving prosecutors the ability to declare criminal intent on the part of Hamp; it’s also why Toyota’s HQ was raided by police a few days ago.

Should the criminal intent charge stick, Hamp would be in prison for a long time before finally given the boot out of the country for the rest of her life.

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Takata’s Shigehisa Takada Publicly Apologizes For Airbag Crisis http://www.thetruthaboutcars.com/2015/06/takatas-shigehisa-takada-publicly-apologizes-for-airbag-crisis/ http://www.thetruthaboutcars.com/2015/06/takatas-shigehisa-takada-publicly-apologizes-for-airbag-crisis/#comments Thu, 25 Jun 2015 14:00:18 +0000 http://www.thetruthaboutcars.com/?p=1099761 Spending a year out of the public eye since Takata’s airbag crisis exploded, president Shigehisa Takada publicly apologized for the situation Thursday. Following the supplier’s annual shareholders meeting — where he made his last public appearance a year earlier — Takada bowed and apologized at a public conference over the eight fatalities and the hundreds […]

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Shigehisa TakadaSpending a year out of the public eye since Takata’s airbag crisis exploded, president Shigehisa Takada publicly apologized for the situation Thursday.

Following the supplier’s annual shareholders meeting — where he made his last public appearance a year earlier — Takada bowed and apologized at a public conference over the eight fatalities and the hundreds of injuries caused by his company’s airbags over the past decade, Automotive News writes:

I apologize for not having been able to communicate directly earlier, and also apologize for people who died or were injured. I feel sorry our products hurt customers, despite the fact that we are a supplier of safety products.

Takada says his company is looking over ways to help those affected by the airbags, including the establishment of a compensation fund.

Meanwhile, shareholders took him to task for disappearing from the public eye instead of facing the music, the slow progress on the investigation into the root cause behind the catastrophic failures of Takata’s airbags, and the lack of dividends.

Regarding the last point, Takada says he hoped dividend payments would resume “as soon as possible” once the crisis was resolved, adding he intends to see through to the end as its president. He declined to speculate as to when the end of the crisis would come, stating “the analysis isn’t progressing very well” as far as the investigation goes.

The apology comes after FCA cut ties with Takata, bringing aboard rival TRW Automotive to supply the 4 million modules needed to replace the defect airbags. The decision was made on the basis Takata would continue to use ammonium nitrate in its airbags — the same chemical linked to the catastrophic failures — whereas TRW uses a safer chemical propellant in its units.

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Toyota’s Akio Toyoda Banked $2.84M In 2014 http://www.thetruthaboutcars.com/2015/06/toyotas-akio-toyoda-banked-2-84m-in-2014/ http://www.thetruthaboutcars.com/2015/06/toyotas-akio-toyoda-banked-2-84m-in-2014/#comments Wed, 24 Jun 2015 18:00:11 +0000 http://www.thetruthaboutcars.com/?p=1099217 In a regulatory filing made Wednesday, Toyota President Akio Toyoda made ¥352 million ($2.84 million USD) in total 2014 compensation. Toyoda’s 2014 payout is split between his standard ¥103 million ($830,000) salary and a bonus of ¥249 million ($2 million), Reuters reports. The 2014 bonus is nearly double the ¥127 million ($1.02 million) paid in […]

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2013_Toyota_NDM_Akio_Toyoda_002

In a regulatory filing made Wednesday, Toyota President Akio Toyoda made ¥352 million ($2.84 million USD) in total 2014 compensation.

Toyoda’s 2014 payout is split between his standard ¥103 million ($830,000) salary and a bonus of ¥249 million ($2 million), Reuters reports. The 2014 bonus is nearly double the ¥127 million ($1.02 million) paid in 2013.

Though Toyoda’s compensation still bests Honda’s Takanobu Ito’s ¥150 million ($1.21 million) thus far, Renault-Nissan’s Carlos Ghosn dominates the Tohosan Zaibatsu on the Nissan side alone, having banked ¥1.035 billion ($8.39 million) in 2014; Renault added €7.2 million ($8.17 million) for his part of the Tricolore Français.

Toyota’s fortunes rose in 2014, as well. The automaker reported a 19 percent boost in net profit for the year ending this March, pulling in a total of ¥2.17 trillion ($17.5 billion), a new record for the third consecutive year.

(Photo credit: Toyota)

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Renault-Nissan’s Carlos Ghosn Banks $16M In 2014 http://www.thetruthaboutcars.com/2015/06/renault-nissans-carlos-ghosn-banks-16m-in-2014/ http://www.thetruthaboutcars.com/2015/06/renault-nissans-carlos-ghosn-banks-16m-in-2014/#comments Tue, 23 Jun 2015 16:00:52 +0000 http://www.thetruthaboutcars.com/?p=1097801 Renault-Nissan CEO Carlos Ghosn did well for himself in 2014, banking around $16 million in compensation compared to the salaries of other automotive CEOs. Breaking down the numbers, Nissan paid Ghosn ¥1.035 billion ($8.39 million USD) during 2014, Reuters says, up 4 percent from what he made in 2013. On the Renault side, Ghosn took […]

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Carlos Ghosn

Renault-Nissan CEO Carlos Ghosn did well for himself in 2014, banking around $16 million in compensation compared to the salaries of other automotive CEOs.

Breaking down the numbers, Nissan paid Ghosn ¥1.035 billion ($8.39 million USD) during 2014, Reuters says, up 4 percent from what he made in 2013. On the Renault side, Ghosn took home €7.2 million ($8.17 million), bringing total compensation to $16.56 million.

Ghosn’s combined paycheck is in line with compensation paid to two of the Detroit Three’s CEOs, where both Ford CEO Mark Fields and General Motors CEO Mary Barra made $16.8 million and $16.2 million respectively at the end of their first year helming their companies. Meanwhile, FCA CEO Sergio Marchionne’s compensation paints a complex portrait, with figures ranging between $8 million and $72 million depending on the source.

Among the rest of the ToHoSan Zaibatsu, Toyota’s Akio Toyoda made ¥229 million ($1.84 million) in 2014, while Honda’s Takanobu Ito brought home ¥150 million ($1.21 million).

In Germany, the Teutonic Trinity’s CEOs took home €6.57 million ($7.35 million – Audi’s Rupert Stadler), €7.25 million ($8.11 million – BMW’s Norbert Reithofer) and €9.35 ($10.5 million – Mercedes’ Dieter Zetsche).

Finally, under the remaining stripes of the Tricolore Français, PSA Peugeot Citroën CEO Carlos Tavares received €2.75 million ($3.07 million).

(Photo credit: Nissan)

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BREAKING: Toyota Offices Raided In Tokyo In Connection With Hamp Arrest http://www.thetruthaboutcars.com/2015/06/breaking-toyota-offices-raided-in-tokyo-in-connection-with-hamp-arrest/ http://www.thetruthaboutcars.com/2015/06/breaking-toyota-offices-raided-in-tokyo-in-connection-with-hamp-arrest/#comments Tue, 23 Jun 2015 15:36:23 +0000 http://www.thetruthaboutcars.com/?p=1097897 Reuters is reporting police have raided Toyota’s office in Tokyo in connection with the arrest of communications chief Julie Hamp over alleged drug importation offences. When asked, a Toyota spokesman declined to comment on the nature of the police presence, but said the company is cooperating with police. Hamp, the first female senior executive at Toyota, […]

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Julie HampReuters is reporting police have raided Toyota’s office in Tokyo in connection with the arrest of communications chief Julie Hamp over alleged drug importation offences.

When asked, a Toyota spokesman declined to comment on the nature of the police presence, but said the company is cooperating with police.

Hamp, the first female senior executive at Toyota, has a long road ahead of her if there’s enough evidence to bring her to trial, as we covered last week.

[Source: Reuters]

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Tesla Model 3 Full Production Beginning 2018 http://www.thetruthaboutcars.com/2015/06/tesla-model-3-full-production-beginning-2018/ http://www.thetruthaboutcars.com/2015/06/tesla-model-3-full-production-beginning-2018/#comments Tue, 23 Jun 2015 15:00:34 +0000 http://www.thetruthaboutcars.com/?p=1097769 The Tesla Model 3 duo will seem like vaporware for a while longer, as full production of the low-cost EVs won’t start until 2018. During a presentation by Chief Technical Officer J.B. Straubel at last week’s U.S. Energy Information Conference, Business Insider says a slide — page 23, if you’re wondering — showing how the […]

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Tesla Repair Bay With Superchargers

The Tesla Model 3 duo will seem like vaporware for a while longer, as full production of the low-cost EVs won’t start until 2018.

During a presentation by Chief Technical Officer J.B. Straubel at last week’s U.S. Energy Information Conference, Business Insider says a slide — page 23, if you’re wondering — showing how the price gap between ICE and electric vehicles will close as battery costs improve also noted the Model 3 was planned for 2018.

The date given looked like Tesla was pushing back the $35,000 pair’s concept and deliveries in 2016 and 2017, respectively, but the automaker’s representatives later explained to Bloomberg’s Cory Johnson — who tweeted the information about the slide — the 2018 date was for full production; initial production is still a go for 2017.

The presentation comes on the heels of the news the Model 3 won’t be one model, but two: a sedan and a crossover, both starting at $35,000, both able to cover 200 miles on one charge.

(Photo credit: Tesla/Facebook)

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Nakamura: ‘Innovative And Exciting’ Second-Gen Nissan Juke In Development http://www.thetruthaboutcars.com/2015/06/nakamura-innovative-and-exciting-second-gen-nissan-juke-in-development/ http://www.thetruthaboutcars.com/2015/06/nakamura-innovative-and-exciting-second-gen-nissan-juke-in-development/#comments Mon, 22 Jun 2015 21:00:56 +0000 http://www.thetruthaboutcars.com/?p=1097537 Though the Nissan IDx is still dead, Chief Creative Officer Shiro Nakamura believes a more “innovative and exciting” Juke may make up for the loss. At this year’s 24 Hours of Le Mans, Nakamura told evo the IDx, though “very special,” didn’t fit with the automaker’s consistent, “very strong brand expression,” and thus, would not […]

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Nissan IDx Siblings In SoCal Circa February 2014

Though the Nissan IDx is still dead, Chief Creative Officer Shiro Nakamura believes a more “innovative and exciting” Juke may make up for the loss.

At this year’s 24 Hours of Le Mans, Nakamura told evo the IDx, though “very special,” didn’t fit with the automaker’s consistent, “very strong brand expression,” and thus, would not be built “at the moment”:

If we have say, 120 degrees of diversity today, maybe I’ll direct it down to 90 degrees. Our cars need to be more clearly identifiable for consumers.

One car Nakamura aims to be “clearly identifiable” is none other than the second-gen Juke, which is said to “inherit the spirit” of the current model, while avoiding a rehashing of said model’s look.

Another redesign in the works involves the GT-R. Nakamura says it won’t likely be inspired by the front-driven GT-R LM Nismo Le Mans prototype, it would carry-over some elements, including the grill, glasshouse and quad tail lights of the current GT-R.

(Photo credit: Nissan)

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Report: NHTSA Failed Consumers Over Automotive Safety http://www.thetruthaboutcars.com/2015/06/report-nhtsa-failed-consumers-over-automotive-safety/ http://www.thetruthaboutcars.com/2015/06/report-nhtsa-failed-consumers-over-automotive-safety/#comments Mon, 22 Jun 2015 20:00:59 +0000 http://www.thetruthaboutcars.com/?p=1097473 Last Friday, the U.S. Transportation Department’s Office of Inspector General dropped the sledgehammer on the NHTSA over its failings in automotive safety. The 42-page report released to the public Monday says the agency fails to do all it can to promote automotive safety, from carefully reviewing safety issues and holding automakers accountable for potential problems, […]

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BMW 325Ci on Fire

Last Friday, the U.S. Transportation Department’s Office of Inspector General dropped the sledgehammer on the NHTSA over its failings in automotive safety.

The 42-page report released to the public Monday says the agency fails to do all it can to promote automotive safety, from carefully reviewing safety issues and holding automakers accountable for potential problems, to carefully collecting data and properly training its employees, The Detroit News reports.

The report — the result of the NHTSA’s stumblings surrounding the February 2014 General Motors ignition switch recall crisis — notes the agency ignored complaints as early as 2003 from consumers regarding air bag deployment failures in certain GM models over the years.

The issue isn’t out of the ordinary, unfortunately, as the agency was found to ignore 90 percent of all consumer complaints arriving daily. The screeners responsible for reading them spent mere “seconds” on each complaint, with one screener having gone over 78,000 in one year — 330/day — while working in other duties.

Regarding self-reporting from automakers, the NHTSA isn’t doing all it can to determine accuracy in what is reported. According to Jalopnik, what everyone else would call a fire, manufactures call it something else:

However, according to [NHTSA Office of Defects Investigation] staff, manufacturers routinely miscategorize safety incidents. For example, staff told us that some manufacturers avoid using the word “fire” in non-dealer field reports and instead use phrases such as “strange odor” to avoid categorizing an incident as fire-related.

The Inspector General’s report lists 17 major recommendations needed to extensively reform the NHTSA, reforms administrator Mark Rosekind plans to “aggressively implement” by June 2016. Rosekind and the Inspector General, Calvin Scovel, are among those set to testify before the U.S. Senate Commerce Committee Tuesday on automotive safety.

(Photo credit: Tony Webster/Flickr/CC BY 2.0)

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Volkswagen Expects ‘Limited Growth’ In US Through 2017, Supplier Arrives In Tennessee http://www.thetruthaboutcars.com/2015/06/volkswagen-expects-limited-growth-in-us-through-2017-supplier-arrives-in-tennessee/ http://www.thetruthaboutcars.com/2015/06/volkswagen-expects-limited-growth-in-us-through-2017-supplier-arrives-in-tennessee/#comments Mon, 22 Jun 2015 18:00:59 +0000 http://www.thetruthaboutcars.com/?p=1097377 Volkswagen USA CEO Michael Horn says the automaker expects “limited growth” until its new SUVs arrive, while one of its suppliers sets up shop in Tennessee. Though parent company Volkswagen AG had once hoped for 800,000 units sold by 2018 in the United States, Horn downplayed the target’s importance, Reuters reports: [The 2018 sales target] […]

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Volkswagen Crossblue Concept Parked In Front Of VW Chattanooga Tennessee Plant

Volkswagen USA CEO Michael Horn says the automaker expects “limited growth” until its new SUVs arrive, while one of its suppliers sets up shop in Tennessee.

Though parent company Volkswagen AG had once hoped for 800,000 units sold by 2018 in the United States, Horn downplayed the target’s importance, Reuters reports:

[The 2018 sales target] is still a relevant objective… but, on the other hand, if you just focus on one year and one number you would do crazy things, so the most important thing is to have a long-term strategy.

For now, Horn states VW will need to defend its position from now through 2017, when the redesigned Tiguan and the Chattanooga, Tenn.-built midsize SUV both hit the showroom floor. Other products, including a $20,000 compact SUV and a large pickup due in 2020 at the earliest, would soon follow.

As for the 2018 target, sales fell from 440,000 in 2012, to 367,000 last year, and have fallen 4 percent since; VW’s U.S. sales peak came in 1970 with 570,000 units. LMC Automotive says the new models in 2017 will help, but would only push sales to a projected 495,000 in 2018.

Meanwhile, Spanish automotive supplier Gestamp is setting up shop near the Chattanooga facility, where it and Volkswagen will unveil a new pressing plant Tuesday. The plant would create 500 jobs, and has been described by the automaker as a “major economic development.”

(Photo credit: Volkswagen)

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Low-Mileage Venom GT, Penguin-Owned Ferrari Set To Hit Auction Block http://www.thetruthaboutcars.com/2015/06/low-mileage-venom-gt-penguin-owned-ferrari-set-to-hit-auction-block/ http://www.thetruthaboutcars.com/2015/06/low-mileage-venom-gt-penguin-owned-ferrari-set-to-hit-auction-block/#comments Sun, 21 Jun 2015 17:00:17 +0000 http://www.thetruthaboutcars.com/?p=1096609 Should you happen to be in Cheswick, Penn. next Sunday, you could be the new owner of a 2014 Hennessey Venom GT, or a Ferrari once owned by a Penguin. Constantine & Pletcher owner and auctioneer Dan Pletcher says to TTAC he was putting together a single, nationwide auction with a handful of consignors, with […]

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2014 Hennessey Venom

Should you happen to be in Cheswick, Penn. next Sunday, you could be the new owner of a 2014 Hennessey Venom GT, or a Ferrari once owned by a Penguin.

Constantine & Pletcher owner and auctioneer Dan Pletcher says to TTAC he was putting together a single, nationwide auction with a handful of consignors, with the Venom GT — whose owner was said not to be happy with the vehicle — having been in his sights for a couple of months. He adds this may be the first time a Venom as new as the one put up by the owner is hitting the public auction block.

The Venom — one of 20 produced in 2014 — participated in the Concept Lawn exhibition at last year’s Pebble Beach Concours d’Elegance, is the only white model in the United States, and has only 745 miles on the odometer. Pletcher conservatively expects the exotic will leave the block for anywhere between $700,000 and $900,000.

Another vehicle of interest is the 2012 Ferrari 458 Italia once owned by Pittsburgh Penguin centerman Eugeni Malkin. Pletcher explained how this celebrity-owned Ferrari arrived in his auction house:

[The Ferrari] came through a friend of mine in the auto auction business that deals with [Malkin’s] agent. The Pittsburgh market is not really the best market for selling higher-end sportscars and performance cars… our roads are not the best for these type of vehicles.

Instead of placing the Ferrari on the showroom floor, Pletcher and the parties involved decided to add the car to the auction. He believes the Italia would fetch between a conservative estimate of $190,000 and $225,000 once the final bid is accepted, though the bidding could end much higher based on Malkin’s star power.

Three other cars set to join the Venom GT and 458 Italia include a numbers-matching 1957 Ford Thunderbird E-Code — referencing the roadster’s 270-horsepower 312-cubic inch V8 with dual four-barrel carb and automatic transmission — a numbers-matching 1968 Chevrolet Camaro RS/SS convertible, and a 1957 Chevrolet Bel Air with only 9,000 miles on the odometer. The trio are from a collection of 30 cars Pletcher plans to sell over the next two years.

The auction will be held in Cheswick, Penn. June 28 beginning at noon Eastern.

(Photo credit: Constantine & Pletcher)

2014 Hennessey Venom 2012 Ferrari 458 Italia 1957 Ford Thunderbird E-Code 1968 Chevrolet Camaro 1957 Chevrolet Bel Air

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Mercedes Considering Introducing Convertible SUVs To Lineup http://www.thetruthaboutcars.com/2015/06/mercedes-considering-introducing-convertible-suvs-to-lineup/ http://www.thetruthaboutcars.com/2015/06/mercedes-considering-introducing-convertible-suvs-to-lineup/#comments Sun, 21 Jun 2015 15:00:10 +0000 http://www.thetruthaboutcars.com/?p=1096577 Up until 2013, one could purchase a Mercedes G-Wagen with a droptop. Now, the automaker is thinking of dropping the tops throughout its SUV lineup. Mercedes sports cars and SUVs chief Wolf-Dieter Kurz says it may be possible to bring a convertible SUV to market once the market for them is found, CarAdvice.com.au writes. He […]

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mercedes-g500-convertible

Up until 2013, one could purchase a Mercedes G-Wagen with a droptop. Now, the automaker is thinking of dropping the tops throughout its SUV lineup.

Mercedes sports cars and SUVs chief Wolf-Dieter Kurz says it may be possible to bring a convertible SUV to market once the market for them is found, CarAdvice.com.au writes. He says the reason Mercedes stopped producing the G-Wagen Cabriolet after 34 years was due to a combination of volume and production reasons, adding such a vehicle exists in “a very slim niche in terms of the SUV portfolio.”

As for who might go for it, Kurz believes China would be a good start for a GLA or GLC convertible, though sales may be an uphill battle:

… China is not very good these days, or in total, in terms of convertibles, in terms of classical sedan-based coupes, in terms of roadsters. And it’s somewhat also the driving force in the meanwhile for the overall portfolio: can it be successful in China?

He adds there are “lots of discussions” and market research regarding convertible SUVs, but no decisions whether to press forward or not have been made thus far.

(Photo credit: Mercedes-Benz)

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Top Gear’s Three Musketeers Set To Return With New Series http://www.thetruthaboutcars.com/2015/06/top-gears-three-musketeers-set-to-return-with-new-series/ http://www.thetruthaboutcars.com/2015/06/top-gears-three-musketeers-set-to-return-with-new-series/#comments Sat, 20 Jun 2015 16:00:35 +0000 http://www.thetruthaboutcars.com/?p=1095953 While “Top Gear” moves forward with new host Chris Evans at the helm, Clarkson, Hammond and May are closer to introducing a new show of their own. Jeremy Clarkson confirmed the news to The Sunday Times, the details of which are still unknown beyond speculation the new show featuring Clarkson, Richard Hammond and James May […]

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Hammond Clarkson May

While “Top Gear” moves forward with new host Chris Evans at the helm, Clarkson, Hammond and May are closer to introducing a new show of their own.

Jeremy Clarkson confirmed the news to The Sunday Times, the details of which are still unknown beyond speculation the new show featuring Clarkson, Richard Hammond and James May will be on Netflix. Said details are projected to come in the next few weeks, with the first episode to debut before “Top Gear” returns after next March.

Meanwhile, May will host a two-episode series called “Building Cars Live” on BBC Two. The 90-minute episodes will be broadcast live from BMW’s MINI factory in Oxford, England, where he and co-presenters Kate Humble and Ant Anstead will follow the process of building a car from raw materials. The series will also air before “Top Gear” returns.

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Nürburgring Management Bans Manufacturers From Attempting, Publishing ‘Ring Times http://www.thetruthaboutcars.com/2015/06/nurburgring-management-bans-manufacturers-from-attempting-publishing-ring-times/ http://www.thetruthaboutcars.com/2015/06/nurburgring-management-bans-manufacturers-from-attempting-publishing-ring-times/#comments Fri, 19 Jun 2015 17:00:28 +0000 http://www.thetruthaboutcars.com/?p=1095969 Depending on one’s point of view, this is either the best or the worst thing to happen: The ‘Ring time is no more on the Nürburgring. During filming of “APEX: The Story of the Hypercar” — a documentary following auto manufacturers like Ferrari, Porsche and Koenigsegg over three years as they battle for halo-car dominance, […]

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BMW M5 Ring Taxi

Depending on one’s point of view, this is either the best or the worst thing to happen: The ‘Ring time is no more on the Nürburgring.

During filming of “APEX: The Story of the Hypercar” — a documentary following auto manufacturers like Ferrari, Porsche and Koenigsegg over three years as they battle for halo-car dominance, with the ‘Ring as the backdrop — director J.F. Musial said he received a phone call from Koenigsegg founder and CEO Christian Von Koenigsegg, informing him the track’s management had banned all manufacturers from attempting and publishing times achieved on the famed course. Koenigsegg had planned to put his One:1 through the pace prior to the ban.

The ban stems from an accident during a VLN race in March involving driver Jann Mardenborough, where a spectator was killed as a result. Management reacted by imposing a speed limit at the site where the accident occurred, followed by similar limits on other high-speed portions of the ‘Ring.

While management is set to review the limits at the end of this year, manufacturers are barred from making lap-record runs, even if the entire track was closed to the public for said runs. However, a run recorded by Lamborghini with its Aventador SV was allowed — under the claim the run happened before the limits were in place — while WTCC is permitted to ignore the limits altogether.

(Photo credit: elyob/Flickr/CC BY-SA 2.0)

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Reputation, Status Keys To Judicial Fate For Toyota’s Julie Hamp http://www.thetruthaboutcars.com/2015/06/reputation-status-keys-to-judicial-fate-for-toyotas-julie-hamp/ http://www.thetruthaboutcars.com/2015/06/reputation-status-keys-to-judicial-fate-for-toyotas-julie-hamp/#comments Fri, 19 Jun 2015 16:00:50 +0000 http://www.thetruthaboutcars.com/?p=1095921 Yesterday, TTAC reported on the arrest in Japan of Toyota Chief Communications Officer Julie Hamp on drug smuggling charges. We have new information on what awaits Hamp now. Through our anonymous source, Hamp’s alleged receipt of 57 Oxycodone pills — marked in a parcel dubbed “necklaces” — in the mail at Tokyo’s Narita Airport is […]

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Julie HampYesterday, TTAC reported on the arrest in Japan of Toyota Chief Communications Officer Julie Hamp on drug smuggling charges. We have new information on what awaits Hamp now.

Through our anonymous source, Hamp’s alleged receipt of 57 Oxycodone pills — marked in a parcel dubbed “necklaces” — in the mail at Tokyo’s Narita Airport is a fairly common practice, where U.S. citizens in Japan take over housing from another foreigner, then use the previous occupant’s name to ship whatever drugs they desire. Japanese authorities routinely intercept the packages, which are then delivered as usual prior to a raid hours later.

The idea for allowing the delivery to go through as planned is if the package was delivered in error, the current occupant would either return it to the post office, or bring it to the nearest police station if thought to be suspicious. In most cases, the raid finds the package is already opened, and the drugs partially consumed.

Our source adds Hamp has a few things going for her as she navigates through Japan’s judicial system, including social status, reputation, and Toyota itself. The process of investigation, trial and verdict would take around 80 days to complete, with Hamp leaving the country almost immediately following a guilty plea, or upon serving 18 months in prison if she pleads innocent and is found guilty; there are no plea bargains under said system.

Speaking of Toyota, president Akio Toyoda apologized for the arrest during a press conference on the matter, Reuters reports:

To me, executives and staff who are my direct reports are like my children. It’s the responsibility of a parent to protect his children and, if a child causes problems, it’s also a parent’s responsibility to apologize.

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Republican Hopeful Donald Trump Threatens Ford With Tariffs Over Mexico http://www.thetruthaboutcars.com/2015/06/republican-hopeful-donald-trump-threatens-ford-with-tariffs-over-mexico/ http://www.thetruthaboutcars.com/2015/06/republican-hopeful-donald-trump-threatens-ford-with-tariffs-over-mexico/#comments Thu, 18 Jun 2015 19:00:49 +0000 http://www.thetruthaboutcars.com/?p=1095409 Republican presidential hopeful and billionaire Donald Trump wants to bring the pain via punitive tariffs to Ford for manufacturing vehicles in Mexico. During his announcement of his 2016 campaign Tuesday, The Detroit News says Trump vowed he would levy a 35 percent tariff on Ford parts and vehicles imported from Mexico if the automaker presses […]

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Smug Motherfucker Donald Trump Douching It Up Like He Always Does

Republican presidential hopeful and billionaire Donald Trump wants to bring the pain via punitive tariffs to Ford for manufacturing vehicles in Mexico.

During his announcement of his 2016 campaign Tuesday, The Detroit News says Trump vowed he would levy a 35 percent tariff on Ford parts and vehicles imported from Mexico if the automaker presses forward with a $2.5 billion investment in the nation, claiming the move would “take away thousands” of jobs from American workers.

Trump then proceeded to roleplay how he would deliver the “bad news” to “the head of Ford,” CEO Mark Fields:

Let me give you the bad news: every car, every truck and every part manufactured in this plant that comes across the border, we’re going to charge you a 35 percent tax — OK? — and that tax is going to be paid simultaneously with the transaction. They are going to take away thousands of jobs.

Announced in April, the $2.5 billion investment would add 3,800 jobs to the 11,300 already employed by Ford in Mexico, and would include new engine and transmission plants aimed toward the export market in the United States and other global markets.

Trump continued on with his roleplay, stating Ford would use lobbyist power to persuade “President Trump” to drop the tax, only for him to sandbag the automaker into submission. He added he knew Fields personally, and thought Ford was a good company overall.

In response, spokeswoman Christin Baker reiterated Ford’s investments into its home market:

We are proud that we have invested $6.2 billion in our U.S. plants since 2011 and hired nearly 25,000 U.S. employees. Overall, 80 percent of our North American investment annually is in the U.S., and 97 percent of our North American engineering is conducted in the U.S.

Of course, Trump wouldn’t be legally able to punish Ford for building its plants wherever it wanted, let alone single-out Ford with his plan without also doing the same to General Motors and FCA (how he would deal with Fiat owning Chrysler would be a whole other round of metaphors and hyperbole altogether).

At least one thing is for certain in Trump’s campaigning thus far: the dead cat on his head is actually his hair.

(Photo credit:Gage Skidmore/Flickr/CC BY-SA 2.0)

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New Top Gear Presenter Reveals Talent Search For Co-Presenters http://www.thetruthaboutcars.com/2015/06/new-top-gear-presenter-reveals-talent-search-for-co-presenters/ http://www.thetruthaboutcars.com/2015/06/new-top-gear-presenter-reveals-talent-search-for-co-presenters/#comments Thu, 18 Jun 2015 18:00:42 +0000 http://www.thetruthaboutcars.com/?p=1095273 BBC Radio 2’s Chris Evans is the new lead presenter for “Top Gear,” but now he needs at least one other at his side, and it could be you. According to Top Gear magazine, the host began his audition search Thursday, which is open to any and all comers: The way Richard and James were […]

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Top Gear Talent Search

BBC Radio 2’s Chris Evans is the new lead presenter for “Top Gear,” but now he needs at least one other at his side, and it could be you.

According to Top Gear magazine, the host began his audition search Thursday, which is open to any and all comers:

The way Richard and James were found was by auditioning, so what we’re going to do is hold auditions. Not just for famous people, ex-famous people, up-and-coming famous people, but for people who are watching the show.

Male, female, old, young, it doesn’t matter. The one thing that does matter is that you’ve got to have a real appetite for cars, and you’ve got to know something about cars.

You can be a mechanic, you can be an amateur racing car driver, you can be a guy who’s a fireman but who’s been building his own Land Rover in his shed for five years, but you’ve got to know about cars…

Those who wish to live the dream are asked to record a video clip no longer than 30 seconds, filmed from the waist up with “no stunts, no gimmicks,” just talking. Candidates must be over 16, but they can be from anywhere in the world.

Finalists will be invited to audition live before Evans and the show’s production staff, though the host offered no guarantees a member from the public would be selected, stating such a selection would “only happen if there’s anything good.”

Details on where to send the clip will be announced Friday.

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Nakamura: Next-Gen Nissan Z May Take Inspiration From 240Z http://www.thetruthaboutcars.com/2015/06/nakamura-next-gen-nissan-z-may-take-inspiration-from-240z/ http://www.thetruthaboutcars.com/2015/06/nakamura-next-gen-nissan-z-may-take-inspiration-from-240z/#comments Wed, 17 Jun 2015 20:00:33 +0000 http://www.thetruthaboutcars.com/?p=1094873 Nissan design chief Shiro Nakamura revealed the next-generation Nissan Z could take its inspiration from the Datsun 240Z. The proposal would see the new Z head downmarket, reflecting the desire to “do something… more practical and appealing to younger customers” in a market becoming smaller day by day, Autoblog reports. The Z would also reverse […]

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Datsun 240Z

Nissan design chief Shiro Nakamura revealed the next-generation Nissan Z could take its inspiration from the Datsun 240Z.

The proposal would see the new Z head downmarket, reflecting the desire to “do something… more practical and appealing to younger customers” in a market becoming smaller day by day, Autoblog reports. The Z would also reverse a trend where the iconic vehicle continues to grow in performance — and numerical naming schemes — at the expense of what the 240 represented. As Nakamura puts it:

We are questioning ourselves in repeating the 350, 370. We don’t want to create 390Z, right?

As for what the execution of the plan would entail, Nakamura says the new Z wouldn’t “necessarily go into the same category” as either the Mazda MX-5 Miata or the Toyota 86/Scion FR-S/Subaru BRZ, pointing to a photo of the GTR-LM Le Mans prototype as a sign of wanting to do something “unique” with the car. He adds the Z could fill the role recently vacated by the cancellation of the IDx four-passenger sports car, parts of which are expected to live on as part of a FWD offering.

[Photo credit: Alexander Nie/Flickr/CC BY-SA 2.0]

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BBC Radio 2 Presenter Chris Evans New Presenter Of Top Gear http://www.thetruthaboutcars.com/2015/06/bbc-radio-2-presenter-chris-evans-new-presenter-of-top-gear/ http://www.thetruthaboutcars.com/2015/06/bbc-radio-2-presenter-chris-evans-new-presenter-of-top-gear/#comments Wed, 17 Jun 2015 18:00:40 +0000 http://www.thetruthaboutcars.com/?p=1094753 It’s official: BBC Radio 2 presenter Chris Evans will now be the new presenter of “Top Gear,” an appointment supported by Clarkson, Hammond and May. Evans explained how he came into the new role during the June 17, 2015 edition of his morning show, Top Gear magazine reports, which began with a phone call last […]

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Chris Evans Circa July 2009

It’s official: BBC Radio 2 presenter Chris Evans will now be the new presenter of “Top Gear,” an appointment supported by Clarkson, Hammond and May.

Evans explained how he came into the new role during the June 17, 2015 edition of his morning show, Top Gear magazine reports, which began with a phone call last Wednesday from BBC Entertainment chief Mark Linsey.

During the phone call, Evans learned Richard Hammond and James May would not be returning to the show after all following the dismissal of Jeremy Clarkson, and was asked if he would take up where they and former producer Andy Wilman left off. He had previously stayed out of what he called “a chess game” involving all three of his friends, preferring to let the matter resolve itself.

Once the situation changed, Evans deliberated with “TFI Friday” sidekick Will MacDonald his wife Natasha for a day on the proposal, deciding to accept the role after taking into account his long career in radio and television.

Prior to the announcement, Evans contacted his friends. May said he would “talk about things” with him over the next few days, Clarkson gave him his best wishes — and a piece of advice Evans couldn’t say on the air — and Hammond texted Evans was “designed and built” to host “Top Gear.”

As for who will join Evans when production begins in the next few weeks, he says one of his co-presenters would “definitely, 100 percent” be female, The Telegraph notes. His contract is for three years, and will pay £3 million ($4.7 million USD).

[Photo credit: Paul Williams/Flickr/CC BY-ND 2.0]

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Hyundai Hires Luc Donckerwolke To Be New Design Boss http://www.thetruthaboutcars.com/2015/06/hyundai-hires-luc-donckerwolke-to-be-new-design-boss/ http://www.thetruthaboutcars.com/2015/06/hyundai-hires-luc-donckerwolke-to-be-new-design-boss/#comments Wed, 17 Jun 2015 16:05:57 +0000 http://www.thetruthaboutcars.com/?p=1094817 Not too long ago, designer Luc Donckerwolke abruptly quit Bentley for reasons still unknown. Now, he’ll be designing for Hyundai. Donckerwolke is joining the automaker to head its design team for both Hyundai and Kia brands, Motoring.com.au reports. Per insiders, his hiring will allow for smooth transitions into the company’s culture for Donckerwolke, and the […]

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Luc Donckerwolke

Not too long ago, designer Luc Donckerwolke abruptly quit Bentley for reasons still unknown. Now, he’ll be designing for Hyundai.

Donckerwolke is joining the automaker to head its design team for both Hyundai and Kia brands, Motoring.com.au reports. Per insiders, his hiring will allow for smooth transitions into the company’s culture for Donckerwolke, and the retirement of current design chief Peter Schreyer in 2017.

Both designers made their mark on the industry in a large fashion. Schreyer’s biggest claims to fame are the Audi TT in 1998 and Kia’s “Tiger Nose” design language, while Donckerwolke helmed Lamborghini’s design studio at the time of the Gallardo’s debut in 2003.

Following Donckerwolke’s sudden departure, Bentley appointed Stefan Sielaff to be its head designer. Sielaff’s recent work includes the interior of the Mercedes C-Class, and heading Audi’s design studio.

[Photo credit: Bentley]

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Billionaire Investor Kirk Kerkorian Dead At 98 http://www.thetruthaboutcars.com/2015/06/billionaire-investor-kirk-kerkorian-dead-at-98/ http://www.thetruthaboutcars.com/2015/06/billionaire-investor-kirk-kerkorian-dead-at-98/#comments Tue, 16 Jun 2015 19:00:31 +0000 http://www.thetruthaboutcars.com/?p=1093817 Billionaire investor Kirk Kerkorian died Tuesday at the age of 98, leaving behind a legacy which included the automotive industry in his twilight years. Aside from his numerous holdings in Las Vegas casinos — including MGM Resorts International — air charter businesses, and movie studios, Kerkorian held shares among all of the Detroit Three, Bloomberg […]

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1989 Chrysler TC
Billionaire investor Kirk Kerkorian died Tuesday at the age of 98, leaving behind a legacy which included the automotive industry in his twilight years.

Aside from his numerous holdings in Las Vegas casinos — including MGM Resorts International — air charter businesses, and movie studios, Kerkorian held shares among all of the Detroit Three, Bloomberg reports.

Though he once sold one of his businesses to Studebaker — only to buy it back two years later — Kerkorian’s dealings in Detroit began in 1990, when he acquired nearly 10 percent of Chrysler’s stock after being impressed by then-chairman Lee Iacocca. Five years after, he and Iacocca were rebuffed by the automaker and its then-new chairman, Bob Eaton, when the duo sought to buy the remaining 90 percent of the automaker for $22.8 billion; Daimler AG would buy Chrysler three years later.

Though he initially supported the so-called “merger of equals” — his outside analysis helped lead the two companies down the aisle, Automotive News says — he sued DaimlerChrysler for $3 billion in damages in 2000 for misleading him with said merger. Kerkorian would ultimately lose his suit in 2005, his appeal of the federal trial verdict also proving unsuccessful.

Two years later, Kerkorian sought to buy Chrysler once more, offering $4.6 billion to Daimler before being outbid by Cerberus.

Around the same time of the Cerberus bid, he bought nearly 10 percent of General Motors shares, selling them back a year later after his patience ran out with the automaker’s management when he failed to convince then-CEO Rick Wagoner to join forces with Renault-Nissan. He also lost $600 million in 2008 selling his 6.5 percent stake in Ford — citing a lack of confidence the Blue Oval could turn its fortunes around — which he had purchased for over $1 billion in the same year.

[Photo credit: Greg Gjerdingen/Flickr/CC BY 2.0]

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DeLorean Owned By Mrs. DeLorean Goes On The Auction Block http://www.thetruthaboutcars.com/2015/06/delorean-owned-by-mrs-delorean-goes-on-the-auction-block/ http://www.thetruthaboutcars.com/2015/06/delorean-owned-by-mrs-delorean-goes-on-the-auction-block/#comments Tue, 16 Jun 2015 16:00:03 +0000 http://www.thetruthaboutcars.com/?p=1093297 Should you happen to be in Berlin next Friday, you could have a shot at the DeLorean once owned by none other than the former Mrs. DeLorean herself. German auction house Auctionata is putting this particular bit of history on the block in Berlin June 26, Autoblog reports, a gift bestowed by the late John […]

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delorean-erstbesitz-mr-delorean-baujahr-1982-1

Should you happen to be in Berlin next Friday, you could have a shot at the DeLorean once owned by none other than the former Mrs. DeLorean herself.

German auction house Auctionata is putting this particular bit of history on the block in Berlin June 26, Autoblog reports, a gift bestowed by the late John DeLorean in 1982 to his then-wife, actor/model/presenter Cristina Ferrare.

Following the collapse of the company and the marriage, Ferrare sold the DeLorean to its then-new owner in the United States, ultimately garnering 13,540 miles in the three decades it has been on the road.

Bidding for this DeLorean is set to start at €34,000 (around $38,000 USD), though the auction house expects the vehicle to leave the block for anywhere between €70,000 and €100,000 (~$79,000 and $112,000).

Said expectation is in line with the highest price paid for the iconic vehicle: a 1976 prototype sold by Canadian house RM Auctions left the block at Pebble Beach for $110,000 in 2007 ($128,000 in 2015 dollars).

[Photo credit: Auctionata]

The post DeLorean Owned By Mrs. DeLorean Goes On The Auction Block appeared first on The Truth About Cars.

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