The Economic Times of India reports that Hyundai is worried about Europe. Hyundai Europe’s Vice President, Allan Rushforth, felt positive about 2010. “This year we’ll probably achieve 2.7 percent market share in a market of around 13.49 million,” he said. But with regards to 2011, he poured cold water on that year. “Next year will be really interesting. We have yet to see scrappage washout – the year-on-year effects of scrappage from the reported registration data…..I think the first half-year will be really, really tough.”
By 2016, federal laws will mandate that the fleet fuel economy of light trucks and SUV’s will be 30 mpg. Which means manufacturers will need to get their thinking caps on if they are to meet this standard. If they don’t, they’ll have to re-think their position in a very profitable area of the market. Ford, which is synonymous with trucks, is planning a diet.
When you enter into a joint venture with someone, it’s kind of important that you’re both on the same page. For one party to say one thing and the other party to say another could look a touch disorganized. Take Renault-Nissan-Bajaj. Renault-Nissan is adamant that their joint venture with the Indian maker would culminate in an ultra low cost car that would compete with the Tata Nano (which is on fire at the moment). Bajaj, on the other hand, is getting cold feet.
A few days ago the BBC reported that, officially, Russia was losing 1 trillion rubles (that’s about $32.5b to you) due to corruption. Also coming 154th on the corruption perceptions index does not help matters, either. “Gigantic sums of money are being pocketed by officials and dishonest businessmen,” said Russian President Dmitry Medvedev, “Deal with them and put them in prison – there is no other way out.” So it sounds like President Medvedev is serious about dealing with corruption. He starts with a foreign company with deep pockets: Daimler. Again?
I’ve made no secret that if I wanted one of Detroit big 3 to succeed it was Chrysler. I’m not really a Ford fan and any affection I had for GM got killed off with Bob Lutz’s insane ramblings. Chrysler was always considered the most broken. Heavily dependent on fleet sales, woeful reliability and bleeding money. Then Chapter 11 came and I thought it was game over for Chrysler. Until recently.
Recently, I wrote about how Tata is reaping huge profits thanks to the acquisition of the “toxic” JLR brands. It was a huge gamble to buy them, but it paid off. Literally. Well, it appears that Tata’s growing profits are going to benefit not only Tata, but ironically, Ford, as well.
As mentioned in an earlier article, I’m getting old. Far too old to understand the younger generation. But with experience comes cynicism (maybe that should be a TTAC slogan?). The more things change, the more things stay the same. In the recent cutbacks, which the new UK government introduced, a fund called the “Grant for Business Investment Scheme” (GBI) is to be phased out by 2012. The fund was used by Nissan for their plant up in Sunderland, Tyne and Wear. Production of the Leaf came to the UK on the back of a £20.7m grant from the GBI fund. Well, Nissan didn’t take too kindly to the news of the dry money well, says the Daily Mail.
When I was younger, I never thought I’d ever say “I don’t understand young people these days”. But sure enough, the other day I said the exact phrase when a friend’s daughter was explaining why X-Factor (American Idol) is the greatest show on TV. Maybe I won’t understand music matters (I think Golden Earring and Mike and the Mechanics is trendy) but at least I’ll know what young people find fashionable in the car world. Erm…not quite…
When Tata bought Jaguar Land Rover (JLR) from Ford in 2008, the general consensus was that Ford was off-loading a massive problem, and that Tata should have their collective heads examined. JLR had been nothing but a cash drain on Ford. Sucking up resources which other divisions (cough-Lincoln-cough) sorely needed. The Jaguar brand was damaged due to the X-Type “fiasco” (note the inverted commas, because I still love my X-Type!) and Land Rover wasn’t really held in much higher regard. Even I, a big Jag-fan, had to concede that I was seeing the final days of JLR. How wrong was I?
Dealerships are a pain in the neck. The salesman tries to convince you that they’re your friend (when you know damn well they want as much money as they can squeeze out of you), getting warranty work out of them is sometimes a nightmare and, if you’re buying used, you don’t know what the car has been through. You can write a letter of complaint, but will that really help*? You may get a discounted service as compensation, but will anything REALLY change? Well, BMW wants to shake the dealership experience up a bit. In the customers’ favor.
The Royal Automobile Club (RAC) held its first Future Car Challenge. This was a race from Brighton to London (about 57 miles). The Auto Channel says it was to see who could consume the least during the trip. To keep things fair, the trip consisted of different driving conditions from country roads to traffic jams. Well, the race was done and the results are in. I can now reveal that the winner of the first RAC Future Car Challenge is, (soft) drum roll, please…
The idea behind the big car bailout supposedly was to keep millions of jobs in, well, North America. Ford didn’t partake, and hence should be free of moral obligations. ( Not that other companies on the government drip seem to be queasy about exporting jobs instead of cars.) Empowered by a clean conscience, Ford moves production to where it makes the most money. To India.
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- Lou_BC " GMC Canyon sales during the second quarter of 2023 kept Big Red’s midsize pickup last in its segment when ranked by sales volume. The Toyota Tacoma continued to command the top spot, while also being the only model to be in the green with a 14 percent bump to 63,262 units year-over-year, representing nearly half of all segment deliveries. The Chevy Colorado (see running Chevy Colorado sales), the Canyon’s corporate cousin, placed second with a 12 percent dip to 19,909 units. The Nissan Frontier took third with a 17 percent slide to 17,213 units, followed by the Jeep Gladiator in fourth with a 34 percent drop to 13,751 units. The Ford Ranger (see running Ford Ranger sales) took fifth with a 22 percent decline to 12,618 units. The GMC Canyon (see running GMC Canyon sales) finished out the short list with an 11 percent slip to 6,708 units"
- 2ACL If you weren't throwing away your Mercedes after the warranty expired, this will fix that. This is an overly complex answer to the AMG question I don't think will endure the test of time.
- Kwik_Shift Looks like what a redesigned Nissan Murano would be. I believe Murano is done.
- MaintenanceCosts This is a Volvo EX90 with swoopier styling and less interior room. I'm really not sure I understand the target audience.
- Stuki Moi If government officials, and voters, could, like, read and, like, count and, like, stuff: They'd take the opportunity to replace fixed license numbers, with random publicly available keys derived from a non-public private key known only to them and the vehicle's owner. The plate's displayed number would be undecipherable to every slimeball out there with a plate reader who is selling people's whereabouts and movements, since it would change every day/hour/minute. Yet any cop with a proper warrant and a plate scanner, could decipher it just as easily as today.