Industry
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Update: Plastech and GM have reached a temporary agreement that will put Plastech parts back in production as early as the second or third shift today. Presumably that would enable Chrysler to resume production at its four idled plants as early as tomorrow or the day after. The agreement reached is only temporary, however, extending until February 15th, according to Automotive News. After that, a new deal will have to be reached or Chrysler will once again face plant closures and massive losses. Original: Earlier today the news of Plastech's bankruptcy hit the streets and so did Chrysler's...
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Mitsubishi ends production in AustraliaGlobal economic forces and poor sales of the Australian built 380 sedan (essentially a rebadged Galant) has forced Mitsubishi to end production at its Adelaide factory from the end of next month. Mitsubishi will remain in Australia as an importer but there are no plans in place to revive local...
Siddarth Raja -
Japan’s IHI develops world's smallest turbochargerRising oil prices and a push by governments around the world for tougher emissions standards has got carmakers desperately looking for ways of maintaining performance while reducing fuel consumption. Some of the solutions used already include direct-injection and cylinder-deactivation technologies...
Viknesh Vijayenthiran -
London's new Low Emission Zone starts todayLondon Mayor Ken Livingstone’s new ‘Low Emission Zone’ penalty system kicked off today in the UK capital, forcing drivers of some vehicles, mostly heavy trucks, to pay up to £200 to drive through the city. The zoning system covers 33 different London boroughs and uses both fixed...
Viknesh Vijayenthiran -
Fiat still interested in Jaguar & Land Rover technologyWith the sale of Jaguar and Land Rover to India’s Tata Group expected to be announced within weeks, Italian giant Fiat may finally get access to the premium RWD and AWD technologies it’s always dreamt of. Fiat was one of the first carmakers rumored to be interested in buying Jaguar and...
Alex Kaufmann -
Shine-free matte paint is the new blackMatte paintjobs used to be the choice of weekend racers who’d touch up their cars after a bingle with anything they could get their hands on to protect it from rust, but lately the shine-free surface has been making its way onto more tuner cars and now production models as well. One of the...
Ralph Hanson -
The full repercussions of the new CAFE standards have yet to be realized, but already plans are being shaken up and reworked. For GM, the first real casualty is the RWD V8 revival that we've been so anxiously anticipating. Don't worry, the Camaro is still coming - and may even get a hybrid variant - but cars like the RWD Buick LaCrosse and Chevy Impala are vanishing as if they never existed. Power, efficiency and other specifics of the potential Camaro hybrid are still on the drawing board. It's little more than rumor at this point, but GM has supposedly selected a team of engineers to figure...
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Special Edition cars prove worse at resaleSpringing for that limited edition model with the special paint or custom performance parts may seem like a good idea at buying time but when it comes to offloading your car at trade-in you may be in for a little surprise. Despite usually costing more, when it comes time to sell, special edition...
Kenneth Hall -
BMW's most reliable car not made by BMWA report out of Germany today from the country's top automotive support service, ADAC, claims that the most reliable cars - based on analysis of their receipt of 2 million calls for help - in Germany are of German make. BMW's X3 tops the list, and is followed by Audi's A2 and BMW's 1-series. But...
Nelson Ireson -
Ford loses most market share in ‘07The U.S. may still be the world’s biggest car market but its sales are on the decline, making it much harder for struggling carmakers as all brands are now competing in a shrinking market. The poor state of the market saw Ford lose more retail share (not including fleet sales) last year than...
Viknesh Vijayenthiran -
Carmakers ignore 100mpg Automotive X-PrizeThe current Automotive X-Prize has set out the challenge of building and racing a commercially viable vehicle capable of meeting set emissions targets while achieving at least 100mpg in fuel economy. It’s the type of challenge you’d think at least one major carmaker would be interested...
Viknesh Vijayenthiran -
Bertone Edges Closer To BankruptcyBertone has been in financial trouble ever since a deal between it and Fiat to build several new Lancia models went sour back in April last year. The Italian coachbuilder has yet to secure any major projects since then and has been relying on government handouts to pay its staff. Hope came when...
Viknesh Vijayenthiran -
We all know driving smoothly, accelerating at a constant pace, shifting to a higher gear, and coasting whenever possible helps reduce fuel consumption, but at the end of the day most of us rarely do it. Carmakers in Europe are now calling on the European Union to promote this more environmentally-friendly style of driving to help reduce greenhouse gases and thus help reduce the burden placed on themselves. One option that’s quickly gaining favor among carmakers is to see a greater role played by the fuel industry, policy makers and consumers. “Reducing CO2 emissions from cars...
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Alfa Romeo boss has 1,000 days to turnaround companyAlfa Romeo is set for a rough couple of years. The carmaker is on the verge of relaunching in the U.S. and to make matters worse the boss of its parent company, Fiat CEO Sergio Marchionne, has laid down the challenge of doubling Alfa’s sales and turning around the carmaker’s fortunes...
Siddarth Raja -
Isuzu to U.S.: No cars for you!After several years of slumping sales and a reduction in models on offer, Isuzu has finally decided to pack it in and leave the U.S. market. Support will continue for existing vehicles, and those sold through the January 31, 2009 cut-off date. Currently Isuzu's model line consists of Ascender SUVs...
Nelson Ireson -
Toyota's Ontario plant delayed over quality concernsDespite a reputation for quality and reliability, Toyota is no stranger to recalls and production delays. Perhaps such growing pains should be expected given Toyota's meteoric rise to the top of the auto industry. But whatever the cause, the quality control issues are cropping up again, this time...
Nelson Ireson -
New markets won’t save GMDwindling sales in the U.S. has carmakers looking to new emerging markets for the next wave of growth but according to one GM exec that alone won’t help to achieve financial success. GM, like most other carmakers, will have to improve its performance in the U.S., the world’s biggest car...
Viknesh Vijayenthiran -
Unions could force Ford to retain stake in Jaguar & LRFord wants to have no part of Jaguar or Land Rover following its eventual sale of the Premier Auto Group labels. The Blue Oval made an announcement stating so as far back as September last year, but cutting off its ties with either Jaguar or Land Rover isn’t as straightforward as selling off...
Viknesh Vijayenthiran -
Not that long ago Fiat was reeling in debt and was on the brink of bankruptcy but over the years control of the carmaker changed hands several times and now things couldn’t be better. In fact, last week Fiat announced it had paid off all its debt and was sitting on a positive cash flow of more than $500 million. Better yet, the carmaker is on track to end 2008 with no debts at all and a cash position of close to $2 billion. Despite the recent strong performance, Fiat’s credit rating still has a ‘junk bond’ status. Something its CEO Sergio Marchionne said was...
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EPA seeks end to horsepower arms raceAmerica’s Environmental Protection Agency (EPA) is the latest organization to speak up against the current horsepower war raging between carmakers. The group wants an end to the development of high horsepower models because of the negative impact they have on the environment. Instead they...
James Martinez -
GM could fight Nano with Chinese helpSAIC-GM-Wuling Automobile Co. came to the attention of many for the first time thanks to last week's snafu involving the inclusion of 500,000 Wuling-produced cars in GM's corporate tally in an effort to stay at the head of the pack. But the latest word is that the American company could leverage...
Nelson Ireson -
Carlos Ghosn predicts the future of the auto industryCarlos Ghosn is the man credited with turning around the fortunes of Nissan during the 1990’s, bringing it back from the brink of bankruptcy and turning billion dollar losses into profits within a couple of years. At the same time he also headed Renault, which is now on track to boost its...
Ralph Hanson -
Jaguar’s Ian Callum ‘relaxed’ about Tata takeoverJaguar is in the middle of the difficult process of revamping its image, dropping the old, stodgy look of the now discontinued X and S-Type models in favor of the dynamic and fresh styling embodied by the new XF. If this wasn’t hard enough, Jaguar also has to endure very tight budgets and is...
Viknesh Vijayenthiran -
Volvo mulls sharing more platforms and production with FordThere are plenty of rumors claiming Ford could sell Volvo, just as it has with Jaguar and Land Rover, but new reports give a clear hint Volvo won’t be leaving the Ford group anytime soon. Executives see a future where both carmakers would work much closer together and possibly even share...
Siddarth Raja