Industry
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Despite continual denials from General Motors that any official talks over the sale of Hummer have even taken place, a new report claims that investors in the Middle East are now interested in acquiring the ailing brand. Hummer’s Middle East chief has revealed that at least two separate investors from the Gulf Arab region have expressed their desire in the brand. Hummer was previously reported to be in talks with several Indian, Chinese and Russian investors, but in an interview with Reuters GM’s Middle East managing director Terry Johnsson said "for sure, there has been interest...
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Jaguar-Land Rover faces production cuts, layoffsSlumping sales at Jaguar and Land Rover have prompted the companies to cut their workforce by 300 jobs, eliminating two shifts at the Solihull production facility. Further cutbacks are expected next month as well, costing three shifts at the Halewood factory where the Jaguar X-Type is built. The...
Nelson Ireson -
Full RWD lineup ruled out for PontiacPontiac has suffered in the past becuase of its ties with General Motors' other subsidiaries, giving the brand a mixed image. On one hand, it offers sporty, RWD vehicles such as the Pontiac G8 and the 2009 Solstice Coupe (pictured), and on the other hand it often borrows vehicles from its sister...
Alex Kaufmann -
Tight budgets slow Saturn refreshGeneral Motors' Saturn brand currently boasts one of the youngest overall lineups in the industry - its oldest model is the Saturn Sky (pictured), which debuted in 2006 as a 2007 model. Tough economic times at GM may mean that the current crop of mostly new models will have to stay largely...
Nelson Ireson -
VW confirms new compact sedan, increases output of Puebla plantVolkswagen today announced it will be increasing output at its Puebla, Mexico plant from 450,000 vehicles annually to 550,000 in order to accommodate production of a new compact sedan. The company has confirmed that it will be a new world car, intended for all of VW's markets except for China. That...
Nelson Ireson -
EU Environment Commissioner fixed on 2012 120g/km CO2 limitThe European Union's Environment Commissioner, Stavros Dimas, has said that a staggered introduction of stringent new CO2 emissions requirements will not be taking place. Despite numerous protests from the auto industry, most notably from Aston Martin and Porsche, Dimas recommended that a...
Viknesh Vijayenthiran -
Ranked fifth overall in the global auto industry for the first time this year, surpassing brands like Honda, Nissan, Chrysler and Fiat in overall sales, Hyundai-Kia has been intent on improving its U.S. manufacturing and distribution resources for several years. Already a small-car plant in West Point Georgia is under construction, and subsidiary Hyundai Powertech has announced it will be adding a $150 million transmission plant to the Georgia site. The West Point small car plant is expected to come on line next year, building an as-yet unannounced vehicle, though expectations are pointing...
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Violence could prompt Nano plant move, says TataProtests that have grown increasingly violent at Tata Motors' planned Singur, West Bengal Nano production site could force the carmaker to leave the area and find another location for its upcoming people's car. With $350 million already invested into the operation, however, it won't be a cheap...
Nelson Ireson -
Carmakers unhappy with NHTSA eco-assessment of new CAFE regsThe difficulty facing the U.S. automotive industry with the recently-revised 31.6mpg by 2015 CAFE requirement is well-known, but no less pressing. The carmakers claim the costs to comply will be measured in the billions of dollars when they can least afford it, and now a draft NHTSA report on the...
Nelson Ireson -
GM To Funnel $500 Million Into U.S. Cruze ProductionThe all-new Cruze compact car from General Motors Company [NYSE:GM] was just revealed in some detail this morning, but already GM has announced its plans to put a half-billion dollar fund behind the car's production and promotion in the U.S. Of that $500 million, $350 million will be headed...
Nelson Ireson -
Audi releases A4 Challenge iPhone driving gameMarking the first-ever entry of a carmaker into the field of iPhone applications, Audi has released a new driving game for the platform. Making use of the phone's built-in motion sensors, gamers can steer a tiny version of the 2009 A4 through a range of courses. Rated at just 2.5 stars out of five...
Nelson Ireson -
Video: in-depth interview with GM CEO Rick WagonerThe automotive industry's current period of upheaval is perceived from within by many industry heads as merely the prologue to a bright future. Rick Wagoner is certainly a member of that camp, and this hour-long interview by Charlie Rose draws out that optimism, and the reasons Wagoner feels it's...
Nelson Ireson -
The concept of 'just in time' (JIT) shipping of parts, relying on the supply chain's timeliness instead of a massive - and expensive - warehouse of parts, is a fairly recent one, but it has found a home in most major industries thanks to its efficiency. New regulations in the U.S. Customs and Border Protection Bureau (CBP) are threatening the JIT model, however, in the name of national security, and carmakers aren't happy. The proposal would have the CBP collect detailed information about all imports of items that fall into ten specific categories. Those items would have to be held in port...
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Budget cuts spell end for GM Style eventKicking off the North American International Auto Show (NAIAS) - one of the most important car shows of the year - with its own 'Style event', populated with celebrities, haute couture and hot cars, has only been part of General Motors' pre-show routine for two years but it is already coming to an...
Nelson Ireson -
Chrysler sues battery supplier for over $15 millionThe downturn in the U.S. economy and automotive industry is taking its toll not just on the carmakers, but on their suppliers as well - or at least that appears to be the case, with news that Chrysler has sued Johnson Controls, a Fortune 80 company, for over $15 million in damages. Chrysler claims...
James Martinez -
American carmakers slip in latest satisfaction surveyA survey conducted by the University of Michigan to determine customer satisfaction levels among the major automotive brands has revealed that the Detroit 3 have slipped slightly after last year’s record result, while Japanese manufacturers Toyota, Lexus and Honda all remained in the top...
Alex Kaufmann -
Continental designs accelerator pedal to warn of dangerNissan's force-feedback ECO Pedal accelerator pedal, touted as a 'green' driving aid that pushes back against the driver's foot when accelerating too briskly, is actually a derivative of a new pedal system developed by Continental. Called the Accelerator Force Feedback Pedal, or AFFP, by its...
Nelson Ireson -
Industry supports EcoDriving to improve efficiencyFinding inexpensive ways to reduce fuel use is a burgeoning business, and U.S. carmakers have joined forces to promote a program that aims to re-train the way drivers approach their cars. By focusing on maintenance and driving style, the EcoDriving website, launched by the Alliance of Automobile...
Nelson Ireson -
Strong demand for the reincarnated Fiat 500 has been the story of its brief life. Since its debut in 2007, when it sold out its entire year's production run in just three weeks. Originally planned for a run of just 58,000 cars, output has since been increased to 120,000, then 140,000 and now the company expects to built 195,000 of the cars this year. Capacity for production is above 200,000 now, thanks to expansions at the Tychy plant in Poland, where the Ford Ka is also built. Already, however, 230,000 of the cars have been booked for sale between the car's July, 2007 debut and June, 2008...
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Mahindra, Changfeng both turn down chance to buy HummerGeneral Motors' Hummer brand has seen sales fall to barely one-third of last year's figures, and the company has reportedly been shopping the nameplate around for some time. Today word of failed talks with China's Changfeng and a statement of disinterest by India's Mahindra & Mahindra (M&M) have...
Nelson Ireson -
Toyota: sales down but market share upEven as Ford, Chrysler and GM all reported significant losses through the first half of 2008, Toyota managed to increase market share to 16.8% and post a $3.8 billion profit for the second quarter. But that's not enough to keep the company from predicting it will see total sales volume decline...
Nelson Ireson -
Ford to sell $500 million in new stock to finance plansTight finances in Detroit and the rest of the automotive world are nothing new, as consumer demand weakens on high fuel costs, a weak U.S. economy and a low dollar, but the car companies, including Ford, aren't ready to give up yet. The Blue Oval is planning to sell new shares to help raise funds...
Nelson Ireson -
GM remains open to Proton tie-upMalaysian carmaker Proton has been linked with a number of international carmakers including the likes of General Motors, Volkswagen, and PSA Peugeot-Citroen for the past several years over the possibility of a tie-up. However, in June of last year, the carmaker with the best chance of securing a...
Alex Kaufmann -
Update: McCain refuses to support bailout scheme for Detroit 3Update: Senator and Republican presidential candidate John McCain has reiterated his tough stance against supporting a bailout for the Detroit 3 by refusing to lend his backing to proposals that entail federal government guarantees for loans taken out by America’s carmakers. While the...
Nelson Ireson