Chinese upstart carmaker BYD isn’t as lucky as it used to be. Its sales and stock price are deep in the Chinese squat toilet. However, it is outdoing itself in the gadget dept. BYD, the company that brought us the remote controlled car, now brings us the watch that opens your car’s doors and starts it. Call it keyless entry that goes with the times. Read More >
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man(ual) in milwaukee (yes really) writes:
hey ho –
i’d like to learn how to drive a manual transmission, and i’d like to learn all the tricks. i hear you can roll it down a hill and pop the clutch to start it, i’ve heard you can shift gears without pushing in the clutch at a certain rpm – are these things true? what other cool things can you do with a manual transmission? Read More >
The EU sent a warning shot across the bow of protectionist France. Brussels refused France’s request to monitor car imports from South Korea. According to the Wall Street Journal, import surveillance could have been Europe’s first step toward blocking or reversing tariff cuts instated by a free trade deal between the EU and Korea. Read More >
“The rich are becoming richer in Brazil,” GM South American chief Jaime Ardila told Reuters, Therefore, “it’s time to start thinking about bringing Cadillac to Brazil.” The Caddys will be very expensive. “We wouldn’t consider producing Cadillacs here, because of the low volume,” Ardilla said, but we may consider importing the brand.” Imported cars carry high customs duty, fallout of a protectionist policy in Brazil that was applauded by carmakers in Brazil, GM among them. Read More >
Tomorrow, GM’s sick French partner PSA Peugeot Citroen will publish quarterly sales. They are expected to be très dégoûtant, and will set off a chain reaction: The credit rating agencies will put PSA’s already alarming rating down a notch further to near-dead status. Its captive financing arm BPF, a bank in its own right, will go down with the mothership. The bank’s rating is not allowed to stay more than two notches above the parent. This will drag the bank into junk bond territory, and borrowing costs will explode. The French government is here to help – for a price. Read More >
According to Bloomberg, Volkswagen CEO Martin Winterkorn claimed that “Brazil is very much a cornerstone” in VW’s push to become the world’s largest car maker by 2018.
Herr Winterkorn is in São Paulo for the largest and most important Auto Show in Latin America. Striving to make the most of this unique opportunity, the Brazilian press was all over VW’s CEO. He didn’t disappoint. He announced investments of 4.4 billion dollars to expand VW’s model line and modernize their factories in Brazil until 2016.
Well, they better! Read More >
Yawn? That’s fine. You can discover the best-selling models in 169 additional countries and territories in my blog. But you won’t know which of the Ford Focus or Toyota Corolla holds the title of world’s most popular car. Unless you have a look at the Top 150 best-selling models worldwide for the month of August 2012…
Back to our 8 months, year-to-date Top 170 world best-sellers ranking.
Cratering China sales due to the islands row made Toyota revise its production targets. Worldwide production by the Toyota Group including Daihatsu and Hino “now looks likely to reach around 9.8 million units to 9.9 million units for the calendar year instead of the currently projected 10.05 million units,” The Nikkei [sub] says.