Bloomberg relentlessly covers a fight very few care about: Who sells the most “luxury cars?” Never mind that the only way to win this is to sell more, what do they call them, “approachable” cars. Which Bloomberg’s latest dispatch from the upper class struggle aptly proves.
Are you ready to have the value of your car double while you own it? From $25,000 to $50,000 and beyond? And are you ready to experience this appreciation for an incremental maintenance cost of between $2,400 and $5,000 a year?
Then Bloomberg has a car for you. Just make you read the article instead of staring at the pretty pictures.
If you have a spare four minutes and four seconds (plus time for the commercial) take the time to check out the following discussion over at Bloomberg.com. As a layman, I find these kind of discussions very interesting and would like to hear the best and the brightest, many of whom I know to be connected with auto industry, give a little perspective to what seems to me to be a very shallow look on the subject of modern car design.
From Bloomberg’s intellectual property news, February 15, 2012:
“Daimler AG (DAI)‘s Chrysler unit’s Super Bowl advertisement featuring Clint Eastwood was temporarily taken down from Google Inc. (GOOG)‘s YouTube video-sharing service Feb. 13 following an infringement claim from the National Football League, the Baltimore Sun reported. (Read More…)
Someone asked yesterday: “And what exactly is the difference between journalism and blog anyway?” Let me tell you a story:
Last Wednesday, I walked down the shop floor of Nissan’s humungous factory in Smyrna, Tennessee. A monitor pronounced that Volkswagen would end the year as the world’s largest automaker. My stomach knotted.
Two days before, Bloomberg had made the same proclamation: “VW Likely to Overtake Toyota as Top Carmaker in 2011, GM to Remain Second.”
I immediately warned the world that this is nonsense. But it didn’t stop the story from going viral. After all, who are you going to believe, a blogger at TTAC, or the professional journalists at Bloomberg?
The following day, I received a surprising email from someone very high up the food chain at Bloomberg … (Read More…)
Or was it GM that proposed? “General Motors Co. Chief Executive Officer Rick Wagoner secretly proposed a merger with Ford Motor Co. in 2008, a year before GM’s bankruptcy filing, the New York Times reported.” That explosive revelation is made today by Bloomberg. And OMG, Rick Wagoner turned down the deal! Isn’t anything secret sacred anymore?
Japan’s March 11 tsunami had more destructive effects than just washing pint-sized (ok, ok, 0.6 liter sized) kei cars to the top of Japan’s sales charts. It also resulted in considerable menboku o tsubusu (literally “breaking of face”, dishonor) for Lexus. On its home-turf Japan, Toyota’s lux-brand was outsold by doitsu (German) BMW, even by Mercedes, a brand said to be popular with the yakuza. Speaking of major menboku o tsubusu: BMW did certainly not top Toyota, as Bloomberg insinuates. (Read More…)
Ooops. Time to send our patent-pending TTAC China sales oracle on vacation. Send the China Automotive Technology & Research Center (and Bloomberg) right with them. The China Association of Automobile Manufacturers (CAAM) has given the official word on Chinese car sales in July 2010. And they are down. Way down. (Read More…)
It’s that time of the month again, and welcome to another episode of Chinese Numerology. As it has become a TTAC tradition, the China Automotive Technology & Research Center jumps the gun again with an off-the-wall number. Shameless Bloomberg prints it and reports that “retail deliveries of cars, sport-utility vehicles and multipurpose vehicles rose 15.4 percent last month from a year earlier to 822,300, the China Automotive Technology & Research Center said in a statement today. That compared with 10.9 percent growth in June.” No, it did not. The CATRC is known for pretty good safety research and for awfully wrong numbers. You can safely ignore them, along with the rest of that Bloomberg tale. (Read More…)
Bloomberg seems to be down to two informants. More and more Bloomberg stories are attributed to their “two people familiar with the plan.” Again, the familiar duo is the source for Bloomberg’s latest report from death row in Trollhättan, where Saab is quickly running through its last reprieves. Bloomberg’s usually unreliable sources say that GM “may sell parts of its Saab unit to Beijing Automotive Industry Holding Co. and shutter the brand.”
Assets would be tooling, production machinery and the like. There is a GM board meeting today, and we may know more in the evening. If they would ask me (but they won’t) I would tell them that BAIC needs used production machinery like the proverbial hole in the head.