Keyword: automakers

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  • Toyota set to approve Mexico plant within weeks

    03/22/2015 6:16:43 AM PDT · by DeaconBenjamin · 21 replies
    Economic Times ^ | 22 Mar, 2015, 12.00PM IST
    Toyota Motor is finalising plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month, according to three people with knowledge of the matter. The plant would make the popular Corolla compact sedan and begin production in 2019. Based on recent investments by rivals, including Volkswagen, a new assembly plant would represent an investment of over $1 billion for Toyota. A green light for the plant would signal an end to a 3-year expansion freeze imposed by the Japanese automaker's president Akio Toyoda, who has blamed aggressive expansion a...
  • GM Recalls 64K Chevy Volt Cars Due To Possible Carbon Monoxide Risk

    03/12/2015 6:34:38 PM PDT · by Citizen Zed · 87 replies
    CBS Detroit ^ | 3-12-2015
    General Motors is recalling the extended range electric Chevy Volt because of a possible carbon monoxide risk. When the Volt is in electric mode it’s very quiet so it’s easy for a driver to forget to shut it off and when that happens the battery drains and the gasoline generator starts and if the car is parked in the garage the fumes can get into the house. Two people have been overcome by carbon monoxide after fumes built up in their houses reports WWJ AutoBeat Reporter Jeff Gilbert. The fix will limit the time that a parked Volt can be...
  • Mercedes investing $500 million for new Sprinter plant in SC

    03/10/2015 5:39:56 PM PDT · by nascarnation · 41 replies
    Autoblog ^ | 3/10/2015 | Chris Bruce
    The commercial van segment is exploding in popularity in the US right now with a vast array of recent products from multiple marques, and there's even more on the way from automakers like Hyundai. Mercedes-Benz is trying to grab a bigger share of the expanding market, too, and is launching its smaller Metris here in the fall. Now comes word that Mercedes will construct a $500-million factory in Charleston, SC, that will build the next-gen Sprinter domestically. According to Mercedes, construction of the new plant will begin in 2016, and when complete, the site will cover around 200 acres, including...
  • GM plans $5B stock buyback, averts showdown with hedge funds

    03/09/2015 8:47:14 AM PDT · by Olog-hai · 17 replies
    Associated Press ^ | Mar 9, 2015 11:28 AM EDT | Tom Krisher
    General Motors agreed to buy back $5 billion in stock by the end of next year as part of a plan to return more cash to shareholders. In return, an activist shareholder decided to drop a potentially divisive bid for a seat on the company’s board. The move, announced Monday, is part of a deal with Harry Wilson, a former member of the government task force that restructured GM coming out of its 2009 bankruptcy.Wilson, who represents four hedge funds which own about 2 percent of the company, had previously accused GM of hoarding cash to the detriment of shareholders...
  • Tesla denies reports about gigafactory construction delay

    03/08/2015 11:45:21 AM PDT · by E. Pluribus Unum · 8 replies
    8NewsNow.com ^ | 03/08/2015
    <p>RENO, Nev. (AP) -- Electric-car maker Tesla Motors is denying reports that construction has been delayed on its gigafactory about 15 miles east of Reno.</p> <p>The International Brotherhood of Electrical Workers, in an online job posting, says the project has been delayed.</p>
  • Tesla should stop accepting subsidies says WSJ

    03/01/2015 6:40:39 PM PST · by thackney · 49 replies
    ecomento.com ^ | February 25, 2015 | STEVE HANLEY
    The European edition of The Wall Street Journal has said in an editorial that Tesla Motors should stop accepting federal and state subsidies. “Last year Tesla made a roughly $150 million killing from selling ZEV credits. That’s up from $130 million in 2013, $32 million in 2012, and $3 million in 2011. All told in 2014 Tesla sold about $216 million in credits,” the newspaper said. It goes on to say, Capitalism needs visionaries, but its reputation suffers when companies worth billions soak middle-class taxpayers for profits. Turn off the taxpayer tap, Mr Musk. It would earn you more friends...
  • Apple adds vehicles to its list of company activities in Swiss legal filing

    03/02/2015 4:40:31 PM PST · by Swordmaker · 7 replies
    9 to 5 Mac ^ | March 2, 2015 | Ben Lovejoy
    Apple has officially added vehicles to the corporate documents describing the company’s activities, at least in Switzerland. The company’s lawyers added the following paragraph, reports Swiss site ApfelBlog. Vehicles; Apparatus for locomotion by land, air or water; electronic hardware components for motor vehicles, rail cars and locomotives, ships and aircraft; Anti-theft devices; Theft alarms for vehicles; Bicycles; Golf carts; Wheelchairs; Air pumps; Motorcycles; Aftermarket parts (after-market parts) and accessories for the aforesaid goods. It’s common to add catch-all terminology to company activities, so nothing should be read into the inclusion of ships and aircraft, though we’re sure there will be...
  • Here's everything we know about Project Titan, Apple's rumoured electric car

    03/01/2015 3:58:35 PM PST · by SeekAndFind · 67 replies
    Business Insider ^ | 02/28/2015 | Rob Price
    Just a few weeks ago, the idea that Apple might make a car seemed like an outlandish rumour. Today, it's accepted by many as gospel. Numerous reports have filtered through in recent days, providing more detail on Apple's automotive ambitions. Of course, nothing has been confirmed yet. The Apple Car would be a massive, multi-year undertaking. But here's what we've heard so far: It's called Project Titan. The detail comes via a report from the Wall Street Journal. It's an electric car. This puts the company in competition with Tesla, which develops cutting edge electric-powered vehicles. VC and entrepreneur Jason...
  • Motorcycle maker Yamaha to launch small cars in Europe

    02/27/2015 12:26:57 PM PST · by nascarnation · 71 replies
    Hindustan Times ^ | 2/27/2015 | AFP
    Japanese motorcycle giant Yamaha will join the four-wheel market by launching small cars in Europe as early as 2019 to meet rising demand for energy-efficient vehicles, a company official said Friday. The firm has been mulling manufacturing four-wheel vehicles for years, exhibiting a prototype 1,000 cc engine car and an electric-car battery at the 2013 Tokyo Motor Show. Yamaha is planning to build car plants in Europe to sell them in the region before 2020, the company spokesman said, without elaborating. "As small cars are already prevalent in Europe, our first car launch will be (there)," he said. "But we...
  • If Apple's car business gets as big as Porsche's, guess how much more money Apple will make

    02/17/2015 7:05:29 AM PST · by Lockbox · 94 replies
    Business Insider ^ | Feb. 16, 2015, 9:49 PM | Henry Blodget
    Apple fans are already hyperventilating with excitement about how much money Apple is going to make selling cars. So let's put some numbers around that. What if Apple immediately builds a car business the size of, say, Porsche's? How much more money will Apple make? Well, Apple made about $53 billion of operating profit in the fiscal year ending in September 2014, a spectacular 28% operating profit margin on revenue of $182 billion. Porsche, meanwhile, made about $2.6 billion of operating profit, an impressive (for a carmaker) 20% operating profit margin on revenue of $14.3 billion. So if Apple sprouts...
  • Tesla Model S Battery Life: How Much Range Loss For Electric Car Over Time?

    02/17/2015 7:36:42 AM PST · by LogicDesigner · 71 replies
    Green Car Reports ^ | February 17, 2015 | David Noland
    ... Based on 84 data points from the 85-kWh version of the Model S and six from 60-kWh cars, the study concludes that the Model S will retain about 94 percent of its capacity after 50,000 miles, with losses thereafter shrinking to about 1 percent per 30,000 miles. That means that after 100,000 miles, the typical Model S is projected to retain about 92 percent of its battery capacity and range.
  • The Chevy Volt As A Pickup: Via Motors President Talks Origins Of Plug-in Hybrid Truck

    02/08/2015 1:46:55 PM PST · by LogicDesigner · 111 replies
    Forbes ^ | February 8, 2015 | Brooke Crothers
    Conventional Chevy Silverados being transformed into plug-in hybrid trucks at VIA Motors’ high volume assembly plant.Think of it as a Volt with a flat bed. Via Motors’ “electrified” 4WD Chevy Silverado entered commercial production last month. That’s a first for the company — founded in 2010 — that retrofits GM pickups and vans and turns them into $85,000-plus plug-in hybrids that can also function as roving generators. (More on pricing below.) It’s no coincidence that the concept is similar to the Volt. The chairman of Via Motors is Bob Lutz, father of the Chevy plug-in hybrid. It’s also no coincidence...
  • Contractor: Ford Motor fired me because I oppose gay ‘marriage’

    02/04/2015 12:20:36 PM PST · by wagglebee · 34 replies
    LifeSiteNews ^ | 2/4/15 | Dustin Siggins
    DETROIT, MI, February 4, 2015 (LifeSiteNews.com) -- A former contractor with Ford Motor Company has sued, saying the auto giant and contracting firm RGBSI violated his civil rights when he was fired for his religious opposition to same-sex "marriage."In a complaint filed with the Equal Employment Opportunity Commission and provided to LifeSiteNews, Thomas Banks said that he was fired after commenting on Ford's policy related to same-sex relationships. According to Banks, Ford invited employees to comment on the policy, which Banks -- who was an employee of RGBSI at the time -- did.Within two weeks, Banks had met with a...
  • OUTRAGE ERUPTS OVER ‘THIS LAND IS YOUR LAND’ JEEP SUPER BOWL AD

    02/02/2015 3:10:22 PM PST · by Reverend Saltine · 56 replies
    Breitbart.com ^ | February 2, 2015 | Wynton Hall
    AP A Super Bowl ad for Jeep Renegade SUVs met a heated backlash Sunday night as outraged Americans took to social media to blast the company for flashing scenes of the Great Wall of China and other far-flung places around the globe as “This Land is Your Land” played in the background. “What kind of globalist bullshit is this?” wrote one YouTube commenter. “Who is in the advertising department?” asked another YouTube commenter. “Fire them. This is an American song. AMERICAN
  • George Gibson, chief engineer of the Dodge Dart, dies at 92

    01/23/2015 7:21:39 PM PST · by smokingfrog · 58 replies
    Automotive News ^ | Jack Walsworth
    George Gibson Jr., a former chief engineer for Dodge, died Wednesday in Rochester, Minn. He was 92. As chief engineer, Gibson’s biggest pride of his work was the Dodge Dart. According to his daughter, Lisa Gibson, the Dart was the most hands-on work he did at the company. He admired the functionality of the compact car and was even featured in Dart ads. Given his 6-foot, 190-pound frame, critics couldn’t believe that a man of his size could fit in the car. He proved them wrong with the ad showing him getting in and out of the car. It read,...
  • America’s best-selling cars and trucks are built on lies: The rise of fake engine noise

    01/21/2015 1:07:39 PM PST · by Second Amendment First · 147 replies
    Washington Post ^ | January 21, 2015 | Drew Harwell
    Stomp on the gas in a new Ford Mustang or F-150 and you’ll hear a meaty, throaty rumble — the same style roar that Americans have associated with auto power and performance for decades. It’s a sham. The engine growl in some of America’s best-selling cars and trucks is actually a finely tuned bit of lip-syncing, boosted through special pipes or digitally faked altogether. And it’s driving car enthusiasts insane. Fake engine noise has become one of the auto industry’s dirty little secrets, with automakers from BMW to Volkswagen turning to a sound-boosting bag of tricks. Without them, today’s more...
  • GM shows Bolt electric vehicle concept with 200-mile driving range (from Volt to Bolt)

    01/12/2015 6:23:09 AM PST · by Olog-hai · 117 replies
    Reuters ^ | Mon Jan 12, 2015 8:51am EST | Ben Klayman and Joe White
    General Motors Co on Monday showed its Chevrolet Bolt concept car with an electric driving range of more than 200 miles and a $30,000 price tag, offering a view into where the U.S. automaker is pushing in development of electric vehicles (EV). The all-electric Bolt is a concept car not currently slated for production, but Chief Executive Officer Mary Barra said the company is committed to developing an affordable long-range EV, and GM said they could develop the car in as little as 18 months. “This is a real game changer,” Barra told reporters at the media preview at the...
  • Mercedes to Move U.S. Headquarters From New Jersey to Georgia

    01/06/2015 6:49:55 PM PST · by NowApproachingMidnight · 54 replies
    NYSlimes ^ | 1/6/15 | Patrick McGeehan
    In the latest blow to New Jersey, which is still staggering from the recession, Mercedes-Benz USA said on Tuesday that it would move its headquarters to Georgia from Montvale, N.J.
  • Mercedes Benz USA to move headquarters to Atlanta

    01/06/2015 10:42:33 AM PST · by RoosterRedux · 35 replies
    marketwatch.com ^ | Jeff Bennett
    Mercedes-Benz USA is expected to announce it will move its headquarters to the Atlanta area from New Jersey, ending a more than 40-year connection to the state where it employs about 1,000 people. The announcement could be made as soon as Tuesday, according to two people briefed on the matter. Mercedes-Benz, a division of Daimler AG DAI, +0.70% , has been based in Montvale, N.J., since 1972. Reports of a possible move first surfaced in December.
  • Fiat’s Chrysler Group changes its name to FCA US

    12/16/2014 8:42:02 AM PST · by Olog-hai · 31 replies
    Associated Press ^ | Dec 16, 2014 10:59 AM EST
    Chrysler Group LLC has changed its name to FCA US LLC. The change will be largely unnoticed by consumers, affecting mostly corporate and financial communications. Chrysler-branded cars will continue to bear the Chrysler badge, as those branded Fiat will bear the Fiat badge. …
  • 2015 Aston Martin Vanquish Coupe review notes

    12/10/2014 7:05:12 AM PST · by Citizen Zed · 12 replies
    autoweek ^ | 12-10-2014 | JONATHAN WONG
    I’m still not in love with this transmission. In general, it operates well and shifts quickly, but I had a pretty unsettling moment waiting for the transmission to engage so I could make a left turn in front of some oncoming traffic. Even with the throttle pinned, the trans turned what should have been a leisurely 20-foot trip into a small moment of terror. I actually had time to say, “Oh, come on!” before the car took off, and to be fair, crossed the lane before the oncoming driver even had to think about touching the brakes. As anyone within...
  • James Bond's new Aston Martin DB10 unveiled

    12/06/2014 2:26:08 PM PST · by Perdogg · 27 replies
    For 50 years James Bond's "Q" has retrofitted cars to fit the needs of the fictional British spy. But now Aston Martin says it will design and build a car befitting Mr. Bond's bespoke tastes
  • Opel closes flagship Bochum factory (GM Germany)

    12/05/2014 10:03:29 PM PST · by Olog-hai · 17 replies
    TheLocal.de ^ | 05 Dec 2014 08:56 GMT+01:00 | (DPA/The Local)
    It’s the end of an era as the last car rolls off the production line at Opel’s Bochum factory, making Friday a bitter day for the city and the factory’s 3,000 workers. […] The last vehicle made in Bochum, an Opel Zafira compact van, will not be sold but will be dedicated to social work with details expected to be announced by the company on Friday. Opel, a subsidiary of General Motors, is shutting down its former flagship factory due to overcapacity. In its heyday, the Bochum plant employed 22,000 people. Now, it will only employ 700 to make auto...
  • Ghosn: 'We are getting there' on making Nissan Leaf profitable

    10/03/2014 8:58:04 AM PDT · by LogicDesigner · 33 replies
    autobloggreen ^ | October 2, 2014 | Sebastian Blanco
    "We are getting into positive, which is good for this technology." – Carlos Ghosn After 19 months in a row of record sales in the US, the money picture for the Nissan Leaf is steadily improving. To date (well, until the end of September), Nissan has sold 63,944 Leaf EVs in the US and a total of around 140,000 globally. The company produces the electric vehicle in three countries: Japan, the UK and the US and has sold more standard passenger EVs than any other automaker. Add all that up and you get to an EV that is just about to be profitable. At...
  • Will Nissan Abandon Its $1.4B Stimulus-Backed Battery Factory?

    09/30/2014 11:23:10 AM PDT · by jazusamo · 15 replies
    NLPC ^ | September 30, 2014 | Paul Chesser
    Reuters sources inside Nissan are saying the production of batteries inTennessee for the all-electric Leaf, which stimulus-subsidizing U.S. taxpayers backed with a $1.4 billion loan, could be eliminated. According to the report, at minimum there is sharp debate over whether the company will continue to manufacture electric vehicle batteries in-house or contract with an outside supplier. Nissan partner Renault, which has 43.4 percent shareholder ownership in the joint company, is said to be pushing for outsourcing battery production – possibly to LG Chem. None who revealed the information were identified for the Reuters story. “We set out to be...
  • Ferrari Chairman Luca Cordero di Montezemolo Quits

    09/10/2014 7:54:23 AM PDT · by God luvs America · 22 replies
    WSJ ^ | 9/10/2014 | Eric Sylvers And Joshua Robinson
    MILAN— Luca Cordero di Montezemolo is to quit as chairman of Ferrari after 23 years at the company and just days after his boss said the luxury car brand's Formula One race results over the past six years were unacceptable. Sergio Marchionne, chief executive of Fiat F.MI +1.43% SpA, which owns 90% of Ferrari, will take over from Mr. Montezemolo, whose departure is effective Oct. 13. That is the same day Fiat Chrysler Automobiles, a new company created out of a corporate reorganization, is slated to make its debut on the New York Stock Exchange. Ferrari has long been Fiat's...
  • GM Will Make Cars With Motion Sensors to Keep Your Eyes on the Road

    09/02/2014 10:53:15 AM PDT · by shove_it · 51 replies
    TimeCom ^ | 2 Sep 2014 | Dan Kedmey
    Eye and head tracking sensors will make it harder to text while driving General Motors is reportedly installing sensors in its next generation of cars that will detect drivers’ eye and head motions and alert drivers to prolonged moments of distraction...
  • Washington Tried to Land Massive Tesla Electric Car Factory — Would It Be Worth It?

    08/01/2014 1:35:06 PM PDT · by Robwin · 7 replies
    Newstalk 870 KFLD ^ | July 29, 2014 | John McKay
    The Washington Department of Commerce said it mounted an aggressive effort that included the personal involvement of Inslee. The company would reportedly create 6,000 jobs to build batteries for a projected 500,000 Tesla cars to be built by 2020. Among the reasons given for Tesla’s reluctance to locate here is that we’re not a “right to work state.” Controversial labor issues with Boeing and other companies have scared off some prospective companies. But beyond this grand project are some shady financial issues... This despite Consumer Reports fiascos that occurred in testing some Tesla models – which either caught fire in...
  • Small cars fare poorly in new frontal crash tests, Mini Cooper Countryman gets top rating (Duh?)

    07/30/2014 3:12:02 PM PDT · by AngelesCrestHighway · 21 replies
    Yahoo News ^ | 07/30/2014 | DEE-ANN DURBIN
    The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests. The Nissan Leaf, Nissan Juke, Fiat 500L and Mazda5 wagon all fared worst in the tests performed by the Insurance Institute for Highway Safety, an Arlington, Va.-based safety group that's funded by insurers. The Chevrolet Volt, Ford C-Max, Mitsubishi Lancer, Scion FR-S and Subaru BRZ all got the second-highest rating of "acceptable." The Hyundai Veloster and Scion xB were a notch below that, with "marginal" ratings. The small overlap front crash test, introduced in 2012, replicates...
  • GM profits plunge on recall costs

    07/27/2014 5:59:43 AM PDT · by TwelveOfTwenty · 13 replies
    CBS/AP ^ | July 24, 2014, 8:10 AM | Not Stated
    General Motors said Thursday that its second-quarter earnings fell 85 percent, as recall costs chopped $1.5 billion from the bottom line.
  • GM Debt Climbs to Over $40 Billion, Earnings Disappoint

    07/24/2014 8:17:25 AM PDT · by jazusamo · 34 replies
    NLPC ^ | July 24, 2014 | Mark Modica
    General Motors reported earnings today for the 2nd quarter of 2014. The early prognosis is not good with share price falling after the report. While it is difficult for the Mom and Pop investor to sort through GM's myriad of one-time charges, special items and various smoke and mirrors, there are some key take-aways that give a glimpse of GM's financial health. Primarily, debt continues to grow at the company, now exceeding $40 billion while earnings are propped up by special items. Analyzing the levels of cash compared to debt at GM is probably the easiest way to get to...
  • General Motors Issues Six New Recalls Affecting 823,000 Buick, Cadillac, Chevrolet, GMC Vehicles

    07/24/2014 9:11:51 AM PDT · by Zakeet · 18 replies
    Washington Post ^ | July 24, 2014 | Richard Read
    For much of the spring, it seemed as if General Motors issued a new round of recalls every other day, but the automaker has been largely quiet on that front for over three weeks. Could the recall party be coming to an end? Based on a new press release from GM, the answer is probably "no". The release outlines six new recalls, some big, some small. They cover a range of recent models from GM's surviving four nameplates and affect roughly 823,000 vehicles. This brings the total number of vehicles recalled by GM since January 1, 2014 to 28,767,143. Here's...
  • Why Tesla Motors can't sell cars in most of the United States

    07/20/2014 8:07:19 PM PDT · by 2ndDivisionVet · 69 replies
    Engadget ^ | July 17, 2014 | Ben Gilbert
    Tesla Motors makes beautiful, quality electric automobiles. Don't just take it from us; Consumer Reports rated the Tesla Model S the "best overall" car in its 2014 Top Picks report (which includes all non-electric cars as well). Yet, despite Tesla CEO Elon Musk's ongoing effort to expand his EV empire, state after state in the United States is pushing back. Not because those states are against electronic vehicles, Musk or even Tesla; it's about the way Tesla wants to sell its cars. Specifically, it's about money. WHAT TESLA WANTS You know how Apple has stores where it sells its computers,...
  • New Toyota minivan lets parents use built-in microphone to scream at unruly kids in back seats

    07/19/2014 2:42:55 PM PDT · by BenLurkin · 36 replies
    ap ^ | Jul 18, 2014 | Tom Krisher,
    The latest version of the company’s Sienna minivan has a feature called “Driver Easy Speak.” It uses a built-in microphone to amplify a parent’s voice through speakers in the back seats. Toyota says it added Easy Speak “so parents don’t have to shout to passengers in the back.” But chances are many parents will yell into the microphone anyway. And the feature only works one way, so the kids can’t talk back. At least not with amplified voices. The feature is an option on the 2015 Sienna, which is being refreshed with a totally new interior. It also has an...
  • The Feds Just Seized 40 Land Rovers Imported To The U.S.

    07/18/2014 10:22:10 AM PDT · by PoloSec · 85 replies
    Some 40 Land Rover owners across the U.S. woke up Tuesday morning to police and federal investigators knocking on their doors and demanding they hand over their trucks. Officials say it's part of an ongoing criminal investigation into the illegal importation of Land Rovers into this country, Jalopnik has learned. But that will likely come as little consolation to the 40 owners of the Land Rover 90s, 110s and Defenders, many of whom contest what federal authorities claim about the legality of their cars. News of the seizures first appeared on the Land Rover Defender forum Defender Source around 8...
  • BMW's $1 billion plant surfs Mexican investment wave

    07/03/2014 12:59:02 PM PDT · by Moonman62 · 18 replies
    Reuters ^ | 07/03/2014 | Alexandra Alper
    (Reuters) - Luxury car maker BMW (BMWG.DE) revealed a $1 billion Mexican plant investment on Thursday, becoming the latest in a line of major automakers to take advantage of the country's growing industrial base and tariff-free access to the U.S. market. BMW outlined plans to build a factory near San Luis Potosi, central Mexico, in a move that will reduce the German company's dependence on higher-cost plants at home. The plant will begin assembling unspecified models in 2019 with an initial workforce of 1,500 and annual production capacity of 150,000 vehicles, the company said. "Mexico is an ideal location for...
  • Morgan Stanley On Tesla: 'Whoa'

    06/26/2014 2:25:31 PM PDT · by ckilmer · 81 replies
    businessinsider.com ^ | Jun. 17, 2014, 2:04 PM | Rob WileRob Wile
    Morgan Stanley's Adam Jonas is out with an awesome and slightly hilarious note in which he argues Tesla is now, maybe, the most important car company in the world. "Not even two years after the delivery of the first Model S, Tesla Motors has transformed from fledgling start-up to arguably the most important car company in the world. We are not joking."
  • Ford opens 88 new dealerships in China in a single day

    06/23/2014 6:00:53 PM PDT · by nascarnation · 10 replies
    TTAC ^ | 6/23/2014 | Brandon Turkus
    Ford opened 88 dealerships in China last year." "Ford opened 88 dealerships in China during the first half of 2014." "Ford opened 88 dealerships in China last month." None of those statements – even the last one – would seem unbelievable. Saying "Ford opened up 88 dealerships in China last Thursday," though, is a bit more dramatic. Yes, on June 19 alone, Ford opened the doors on nearly 100 showrooms in the People's Republic, boosting the Blue Oval's total presence in the country to 750 dealerships. Of course, while an overabundance of dealers in the US proved troublesome for American...
  • How jargon hurt the culture at GM

    06/20/2014 12:25:57 PM PDT · by SeekAndFind · 16 replies
    Washington Post ^ | 06/20/2014 | Jena McGregor
    The unsparing and harshly critical report from attorney Anton Valukas' investigation into General Motors, which held its annual shareholders meeting Tuesday morning, finds an array of culprits behind the company's ignition switch crisis. It cites a lack of urgency in the culture and, as GM CEO Mary Barra described it, "a pattern of incompetence." It blames an unwillingness of those in the know to reconsider their conclusions, and a dizzying number of committees with little clear accountability. The report also makes several references to the role corporate speak played in the wrongdoing. Typically, we think of corporate speak as trivialities...
  • G.M. Recalls 3.2 Million More Cars Over Ignitions

    06/16/2014 3:08:09 PM PDT · by PoloSec · 23 replies
    The New York Times ^ | June 16 2016 | AP
    <p>DETROIT — General Motors says it needs to change or replace the keys for about 3.4 million cars because they could cause the ignition switch to move out of position if they're carrying too much weight.</p> <p>GM said in a statement Monday that the switches can rotate out of "run" if the key has excess weight and the car "experiences some jarring event," such as hitting a pothole or crossing a railroad track.</p>
  • Why Tesla's Elon Musk Must Sell 6 Million Electric Cars To Make History

    06/05/2014 6:58:15 PM PDT · by ckilmer · 26 replies
    greencarreports ^ | Jun 5, 2014 | John Voelcker
    Why Tesla's Elon Musk Must Sell 6 Million Electric Cars To Make History   By John Voelcker 4,097 views Jun 5, 2014 23 Comments Follow John Reddit This! Share on Facebook Share on Twitter Henry J. Kaiser and Elon Musk, CEO, Tesla Motors [Kaiser image courtesy Kaiser Permanente] Many entrepreneurs have tried to start car companies in the U.S. over the past century, but the last person to do so from the ground up with a brand that survives to this day was Walter P. Chrysler.He started his company in December 1924--which indicates the magnitude of the challenge faced by...
  • EPA to Seek A 30% Cut In Emissions [by 2030]

    06/01/2014 2:48:43 PM PDT · by Lorianne · 32 replies
    Wall Street Journal Online ^ | 01 June 2014 | Amy Harder
    The Environmental Protection Agency will seek a 30% reduction in U.S. carbon-dioxide emissions by 2030 from existing power plants based on emission levels from 2005, according to two people briefed on the rule, setting in motion the main piece of President Barack Obama's climate-change agenda. The draft rule, to be proposed Monday and scheduled to be completed one year from now, will give flexibility to the states, which must implement the rules and submit compliance plans to the EPA by June 2016. States can decide how to meet the reductions, including joining or creating new cap-and-trade programs, deploying more renewable...
  • Did the Bailout Ruin GM?

    05/28/2014 1:39:14 AM PDT · by grundle · 56 replies
    National Review ^ | May 28, 2014 | Jim Geraghty
    The recalls are multiplying, and the bailout stigma remains. You may have noticed that General Motors recalled a lot of vehicles lately. You may not have noticed just how many separate recalls the company announced, 30 since January 1, or just how many vehicles are being recalled — 13.79 million vehicles in the U.S. For perspective, consider that GM sold roughly 2.6 million vehicles in 2012. ... consumer-data research indicates that pickup-truck buyers skew Republican by a margin five to one, according to a 2008 survey. Whether GM wants to admit it or not, the “Government Motors” label did serious...
  • GM Sure Recalled A Lot Of Cars Right After The Feds Sold Their Shares

    05/26/2014 6:16:12 PM PDT · by george76 · 40 replies
    the Federalist ^ | May 21, 2014 | Sean Davis
    According to recent reports, GM just recalled another 2.4 million vehicles this week, bringing the total number of recalled GM vehicles this year to a record 13.6 million. USA Today got right to the point when it asked, “Are there any GM cars that haven’t been recalled?” ... GM knew about serious problems with the ignition switch for years, going back to at least 2007. At that time, GM had hard data from multiple crashes showing that some of its ignition switches had failed to function properly. The U.S. government officially bailed out the automaker in December of 2008. Throughout...
  • Senators want bigger fines for car recalls after GM scandal

    05/23/2014 11:01:49 AM PDT · by illiac · 10 replies
    MarketWatch ^ | 5/23/14 | MarketWatch
    Three Senate Democrats on Thursday unveiled a bill that would lift the cap on the maximum civil fine the government can slap on automakers for failing to report known defects. Sens. Richard Blumenthal of Connecticut, Edward Markey of Massachusetts, and Bill Nelson of Florida came out with the legislation in response to last week’s $35 million fine on General Motors Co. GM +0.67% as part of a settlement for delays in recalling vehicles with faulty ignition switches.
  • Another Company Abandons California

    04/29/2014 5:12:23 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | April 29, 2014 | John Ransom
    Another blow was struck for competition, common sense and low taxes as Toyota Motor Corp. announced that they be moving their campus in Torrance, California to a suburb outside of Dallas, Texas. “Toyota Motor Corp. is moving substantial parts of its U.S. headquarters in Torrance, Calif., to suburban Dallas,” writes the Detroit News, “as the world’s largest automaker seeks savings from its U.S. sales unit, people familiar with the matter said.” Although no figures are yet available, anecdotal evidence suggests that people are fleeing California, not just companies. SFGate.com says that 66% of all state revenue now comes from personal...
  • BREAKING: Sources say Toyota fleeing CA, taking 5,000 jobs to more business-friendly Texas

    04/27/2014 4:52:00 PM PDT · by Extremely Extreme Extremist · 95 replies
    PANDO DAILY ^ | 27 APRIL 2014 | MICHAEL CARNEY
    California’s inhospitable tax policies may have struck again, this time costing Los Angeles one of its largest employers. According to multiple sources close to the situation, Toyota will be relocating its US headquarters from the LA suburb of Torrance to Plano, Texas. The company has yet to notify its employees of the news, but is expected to do so Monday, followed by a public announcement. While it’s unlikely that Toyota, which is ranked 8th on Fortune’s Global 500, will directly cite taxes as the reason for its relocation, it should come as little surprise that the financial burden of operating...
  • Toyota to move jobs and marketing headquarters from Torrance to Texas (LAT tries to spin loss)

    04/28/2014 6:29:02 AM PDT · by jimbo123 · 35 replies
    LA Times ^ | 4/27/14 | Jerry Hirsch and David Undercoffler
    Toyota Motor Corp. plans to move large numbers of jobs from its sales and marketing headquarters in Torrance to suburban Dallas, according to a person familiar with the automaker's plans. The move, creating a new North American headquarters, would put management of Toyota's U.S. business close to where it builds most cars for this market. North American Chief Executive Jim Lentz is expected to brief employees Monday, said the person, who was not authorized to speak publicly. Toyota declined to detail its plans. About 5,300 people work at Toyota's Torrance complex. It is unclear how many workers will be asked...
  • 1967 Corvette with 2,996 miles to be offered at auction

    03/21/2014 10:39:13 PM PDT · by servo1969 · 83 replies
    autoweek.com ^ | 2-26-2014 | Jay Ramey
    People generally buy a Chevrolet Corvette planning to drive the wheels off it, but examples with absurdly low mileage have to come from somewhere. Cars suffer a small breakdown and are parked for years, owners suddenly pass away and their children don't know what to do with the cars, vehicles get donated to museums... the list of usual suspects for something like this is pretty limited. But the story of this unrestored and completely original 1967 Chevrolet Corvette with just 2,996 miles on the clock is a new one for us. Here's what we know: Don McNamara turned 30 in...
  • 50th Anniversary Ford Mustang spotted

    03/24/2014 1:50:02 PM PDT · by jazusamo · 92 replies
    Fox News ^ | March 24, 2015
    But who gets to blow out the candles? What’s believed to be a lightly-camouflaged 50th Anniversary Ford Mustang has been spotted out on a test drive just a few weeks before its expected debut at the 2014 New York International Auto Show. The GT-spec ‘Stang features several retro styling cues to mark the occasion, including a unique grille with a horizontal chrome bar and corral around the Mustang logo, what appear to be rear quarter window louvers hidden under a black panel, and forked-spoke wheels reminiscent of the ones seen on