#BertelSchmitt

The days of Government Motors are slowly coming to an end. “The U.S. Treasury will begin another round of sales for General Motor stock acquired during the government’s bailout of the auto sector,” the Treasury told Reuters.

Toyota plans to defend its electric title at this year’s Pikes Peak International Hill Climb with a tweaked TMG EV P002. The electric racer is currently on its way to Salisbury, N.C., where TRD USA will perform aerodynamic upgrades to the Radical-based chassis.

South Korean LG Chem will finally begin commercial battery production at its Holland , Michigan, in July, Reuters says. The batteries will initially help power GM’s Volt.

Three years ago, at a groundbreaking ceremony for an LG Chem Battery plant in Holland, Michigan, President Obama promised that this and other pants will be “a boost to the economy in the entire region.” The plant made headlines for doing nothing.

Chevy Cruze in Beijing

While GM’s head-flack Selim Bingol was swearing at Ed Niedermeyer, and that it’s not true that GM is sending its money to China, GM’s Chinese operation again outsold America. GM China sold 261,870 units in April, up 15.3%. In the U.S., GM sold 237,646 in April. In the first four months of the year, GM sold 821,707 vehicles stateside. Meanwhile in China, it sold 1,078,243.

The mantra before, during, and after the bailout was (and still is) that without the bailout, gadzillions of jobs would have vanished, the American car industry would have been wiped out, wheels would have come off the arsenal of democracy, and the sky would have fallen into Lake St. Clair. Of course, that’s nonsense. There are more than enough other carmakers in America. They would have received the sales, and added the jobs. They would have been mostly non-union jobs though.

The truth is, without the bailout, the UAW would have vanished, and with it millions of Democratic votes.

A terrorist, about to enter the RenCen

Even after Ed Niedermeyer put on coat and tie as proper attire for our Via Dolorosa to GM’s towers, GM’s Über-PR Chief Selim Bingol did not like him. “We don’t negotiate with terrorists,” said Bingol, frustrating my naive attempts at fence-mending. Instead of being sent to Gitmo, one of the terrorists writes frequent op-ed pieces at the Wall Street Journal, causing Bingol to go on the counter-attack.

As you may (or may not) have noticed, there was an issue on TTAC where people would get only an old copy of TTAC. They received the new version once they logged on. Or maybe it was the other way around. Our technical team got right on it, and it seems they fixed it. I am asking your help to make sure that the problem indeed has been fixed.

Germany’s new car sales were up 3.8 percent in April, says Germany’s Kraftfahrtbundesamt. This is the first time in nearly a year that German car sales were in plus territory. In France, an April loss of 5.2 percent already was feted as the turn-around. Has the European bottom been reached? I don’t think so.

Ford is “seeking to challenge Toyota Motor Corp.’s dominance in gasoline-electric vehicles,” says Bloomberg.

According to the report, Ford “has rolled out the new C-Max hybrids and electric versions of its redesigned Fusion sedan in the past year to take on Toyota, which has dominated with its Prius hybrids since the early 2000s.” Some say, Ford already subjugated Toyota.

The volume of car loans is near pre-carmageddon levels, but a federal probe of business practices threatens to “slow the booming car-loan industry,” the Wall Street Journal writes.

According to the report, the Consumer Financial Protection Bureau (CFPB) has issued subpoenas to U.S. auto lenders over the sale of extended warranties and other financial products.Meanwhile, the Justice Department is looking into auto dealerships that make their own loans to customers with poor credit and charge higher rates.

There probably is no other major car market where oil-burners play less of a role than in Japan. Even diesel-averse Americans buy more. Excitement about brown diesel wagons notwithstanding, diesel-powered cars limp along at around 3 percent market share in America. In Japan, where diesel-powered cars were banned from the streets of Tokyo 14 years ago, and where they carry the onus of being smelly, their market share is below miniature one percent. In both markets, there are hopes for a big diesel turn-around.

German autoworkers want their share of the record profits announced by German carmakers last year. IG Metall labor union demanded 5.5 percent. Employers countered with 2.3 percent. Today, workers went on strike.

We already thought Bloomberg might have abandoned its monthly analyst poll. We could not find one for March, and finally found one for April – after a lot of looking. It would have been a shame if the table would have gone AWOL. This month, the race was extremely tight, and most analysts – at least the ones who had the guts to make forecasts for the D3 and not just for the SAAR – came very close to the actuals.