The door has not yet closed on . Hoping for yet another 11th hour stay of execution, the defunct carmaker’s chief union, IF Metall, has written directly to President Obama, asking him to intervene, according to Just-Auto. While on the surface, this may seem silly, it’s actually rather clever, even if it has little likelihood of working.
With the United States government , the Swedish union is hoping it can appeal to Obama to pressure General Motors into granting licenses to continue manufacturing Saab vehicles, according to the report. It’s this sticking point that has , as GM fears that were it to allow continued production of Saabs developed under GM’s ownership, it would open up the possibility of , particularly if a Chinese manufacturer that competes with GM’s own Chinese partner, SAIC, .
You have to admire , as they clearly have not given up hope. But in this case, they just don’t have any other options: Unemployment in the Saab hometown of Trollhättan has hit 40 percent, according to the report.
Regular readers should be plenty familiar with the trend in the Chinese market towards long-wheelbase versions of the luxury sedans we have here. It’s just what high-end customers in the decentralizing economy look for. And European automakers have been only too glad to oblige.
, , and have all recently stretched their existing luxury sedans to lure new buyers in the rapidly developing Chinese market, and now word has it that is following suit with a long-wheelbase version of the .
The Chinese-owned Swedish automaker already produces a stretched version of the in China, but has reportedly found little success. The hope is that the S60 – which for all its positive attributes does not have a particularly spacious rear bench – will plug that gap better in long-wheelbase form.
Few marques get auto collectors riled up quite like , and of classic Ferraris, few are as highly sought-after as the legendary Testa Rossa. We’re talking, of course, about the 50s-era roadster (as opposed to the 80s-era cheesegrater supercar), and the originals continue to fetch top dollar (or euro) whenever and wherever their fortunate owners are willing to part with them.
That when and where came this past weekend in Monte Carlo during the Historical Grand Prix of Monaco where RM Auctions sold some highly desirable classic metal. Topping the list was the rare 1957 Ferrari 625 TRC Spider you see here, one of only two built, which sold for a whopping €5,040,000 – equivalent to over $6.4 million at today’s exchange rates. That’s considerably more than the that RM auctioned last year, but substantially less than the record in 2009.
Of course the Testa Rossa wasn’t the only car sold at the event, which brought in an astonishing €33.5 million (~$43m) in sales on 87 percent of all lots sold. In fact it wasn’t even the only Ferrari represented there, though it was the most expensive by a wide margin. A 1966 Ferrari 206 S Dino Spyder and a 1952 Ferrari 225 Sport Spyder ‘Tuboscocca’ (one of only 12 Vignale Spyders produced) each fetched €2.5 million ($3.2m), a rare factory Daytona Spyder brought in over €1 million ($1.3m), the car which Michael Schumacher drove to the 2000 Formula One World Championship and that each brought in over €800k (about a million greenbacks).
Other notable racing machinery sold at the auction included a Peugeot 908 LMP (which won several Le Mans Series races), a LP600 GT3 (raced by Blancpain CEO Mark Hayek in the Super Trofeo series), a Ferrari FXX Evoluzione and a pair of Ducati Desmosedici MotoGP racing bikes. Follow the jump for all the juicy details and scope out the headline Testa Rossa in the high-res image gallery above.
has officially put the finishing touches on the first prototypes of the company’s 918 Spyder, complete with a black-and-white livery scheme that pays homage to the 917 racers of old. Production is set to commence in a little over a year, and the German sportscar manufacturer says buyers can look forward to taking possession of the first examples by the end of 2013. The plug-in hybrid will command a heady price tag, though. Porsche the company will ask a whopping $845,000 per model, each with a 500 horsepower 4.0-liter V8 engine and two electric motors.
Altogether, the gas-electric drivetrain should be good for a 3.1-second 0-60 sprint and a top speed of 199 mph. Perhaps even more impressive is the news that the 918 will be able to propel itself with electric power at speeds of up to 94 mph. That little fact helps account for the news that the vehicle should be able to return around 78 miles per gallon on the EU cycle. Scroll down for the brief press release, but not before checking out the high-res gallery.
The current has soldiered on since the 2009 model year with few updates, so it is about time for a design change. But how much longer do we have to wait? Inside Line reports that the new G will arrive next spring with a new design, fresh engines and a possible hybrid variant.
VP Andy Palmer reportedly let loose the G’s tight time line, while providing room for us to speculate what engineering changes could come with the redesign. The high-ranking executive told IL that the partnership between Nissan and is progressing as planned, and we know that a four-cylinder engine is among the . In fact, Autocar reported that the next G will feature diesel and four-cylinder engines with Mercedes DNA.
Such a powerplant could replace the 2.5-liter V6 under the hood of the G25, and turbocharging could be on order as well. Palmer added that a turbocharged six could also be in the cards, noting that there is a business case for blown sixes that deliver V8 power with V6 fuel economy. Given that the entry Infiniti sedan doesn’t currently feature a V8 option, we’re all for more G-power for 2014.
The last interesting tidbit is the possibility of a G hybrid model. The addition of a battery-assisted G makes sense given that the automaker already features a hybrid option in its , and using the powertrain in more applications helps lower development costs.
We’ve heard for years that Chinese automakers hoped one day to export their wares to the United States. Ironically, the global economic slowdown could be what gives the Chinese incentive to finally make it happen.
Chinese automakers ramped up production capacity to meet surging demand at home only to see the local economic conditions slow from 30 percent growth in 2010 to just 2.5 percent in 2011. On top of that, the Chinese auto marketplace has now become crowded with foreign and domestic competitors.
“The rapid growth phase of China’s auto market is coming to an end, and we see exports as one possible outlet for all the capacity we have built up,” Xing Wenlin, vice president in charge of overseas markets, tells . Great Wall’s (pictured above) was shown a few years ago as a possible export model.
While most Chinese-made cars aren’t up to American quality expectations, developing automotive markets like Egypt, Ukraine, Brazil and Indonesia are clamoring for cheap, reliable transportation. Chinese automaker Chery it would be selling cars in Europe by 2015.
Geely’s in 2010 has boosted the Chinese company’s automotive technology expertise and could help it achieve its goal of doubling exports to 70,000 units this year. While the U.S. is still out of reach for most Chinese automakers, Geely may begin selling a Chinese-made car in the UK by the end of this year. If successful there, a logical next market would be North America.
The Detroit News reports lithium-ion battery manufacturer A123 Systems is set to post a net loss of $125 million on revenue of $10.9 million for the first quarter of 2012. Official results will be released later this week. The loss includes $51.6 million tied to replacing battery packs produced at the company’s Lavonia, Michigan facility. Some of those packs could have been manufactured with defective cells. The figure also includes $15.2 million to increase inventory reserves.
As you may recall, A123 Systems provides battery packs for companies like Fisker. The extended-range EV manufacturer recently with the supplier’s products, but A123 says it has determined the cause of the defective cells and is working to make sure the failures don’t reoccur.
The report also suggests A123 Systems will lower its revenue forecast for the year to $145 million to $175 million. The company originally projected it would generate between $230 million and $300 million.
Safety features like airbags are supposed to keep us safe in the event of a collision. But one driver allegedly met with a nasty surprise when an airbag in his car reportedly sliced his ear in half.
According to the Detroit Free Press, the incident occurred on April 7 when an unnamed owner of a 2012 was in a crash. Apparently the side curtain airbag on the driver’s side rapidly inflated (like it’s supposed to) but took with it a metal bracket (which it’s not). The result was a severe laceration to the driver’s ear in an automotive reenactment of Holyfield-Tyson II.
The National Highway Traffic Safety Administration is apparently looking into the event, but has yet to issue a recall. Hyundai for its part insists the incident was isolated, and that it has not received reports of anything similar happening to any other drivers.
To say that we’re eager to drive the is one of the understatements of the year. After seeing lots of and , we can’t wait to get Ford’s new hot hatch out on the road, and now, we have a pretty good idea of what sort of aural stimulation the turbocharged will provide while we’re tossing it about.
understands that a good engine and exhaust note is an important part of any performance car’s overall experience, and to that end, the automaker has implemented some interesting technology with its Focus ST. Engineers have added a special sound tube – called a sound symposer – to the ST, which specifically enhances the throaty, low-end frequencies of the exhaust. This sort of sound tube has been used before (on the and ), but here in the Focus ST, there’s an electronically controlled valve that opens and closes based on specific driver inputs. What’s more, this valve is mapped more aggressively in lower gears for great sounds during acceleration, but stays shut more often in higher gears to allow for quieter highway cruising.
But enough of the technical mumbo-jumbo. Click the play button below to hear what the end result sounds like during an acceleration run in the Focus ST.
We like what we hear, though we’ll wait to see just how it sounds when things like road and wind noise are factored in during the overall driving experience. for Ford’s official press blast.
Depth of Speed is Josh Clason’s video series that cosses the country looking for cool automotive stories to tell. He found another one in Utah at . They let Clason take one of their vintage Skyline GT-R projects out on track for some sunset lens time, and the result is nothing less than you’d expect from Clason.
On a side note, while the current is totally awesome, we wish it had a bit more of this car’s cool vibe. for the video.
When it comes to supercars, the sky is the proverbial limit. You can literally spend millions. And with vehicles like the , and , you can spend hundreds of thousands on a top-of-the-line luxury sedan, too. But when it comes to SUVs, prices seldom if ever breach the $100K mark fetched by the likes of the and the .
There are a handful of automakers aiming to break that barrier though. Like the upcoming SUVs from and , the on-again, off-again Spyker D12, and this, the FX Sebastian Vettel Version.
Based on the , the Vettel edition has had the output from its 5.0-liter V8 upped to from 390 horsepower to 414 for a 5.6-second sprint to 60 and a 186 mph top speed. The suspension is said to have been set up by the reigning two-time world champion himself, with the carbon fiber aero kit developed by his Red Bull Racing team. The only change we’ve heard of from the concept car pictured above to the production version will be a more conventional pearl white paint job instead of the matte white of the show car.
Only 200 examples will be produced, with 50 earmarked for continental Europe, and most of the rest likely heading to the Middle East. The price for such a high-end performance crossover? 120,000 euros, or about $155,000 in American greenbacks (if it were actually offered here). Of course if that still seems too slow and too cheap, you could always order a custom Juke-R from Infiniti’s parent company and smoke some supercars in the process.
Here’s one from the unsurprising file: The Consumer Electronics Association has written the National Traffic Safety Board in opposition to the .
According to The Detroit News, CEA is all for efforts to create technological solutions to the distracted driving problem, which makes perfect sense, as those products or features would be one more thing for its member firms to sell. To its credit, CEA did write that it supports banning texting and restricting phone use by young drivers.
But the organization insists that there is no “real-world evidence” to support prohibiting all phone use in vehicles, according to the report. In support of its position, it played the makeup card, saying that other distractions like “eating, drinking, applying makeup and engaging with children” would also need to be banned.
The to ban hands-free calling is somewhat peculiar in that it would ban calls through a paired cell phone, but not calls through a phone built into the vehicle, like the OnStar system from General Motors. The recommendation has been controversial, with even Transportation Secretary Ray LaHood with the idea.
April showers may result in May’s flowers, but it didn’t result in great car sales numbers.
Overall, only climbed 2.3 percent compared to April 2011, leaving some carmakers and observers scratching their head. Of course, the raw numbers, as provided by AutoData Corp., also note that there were three fewer selling days due to that occasional month with five Sundays in it. Imagine the pain people paid on the 1st and 15th had to endure?
So the numbers may not be as bad as a first glance might suggest, and in my opinion, the slow pace of growth is better for automakers. Rather than big ups and downs that leave dealerships empty of popular vehicles and overstocked with others, a steady mild increase means it’s easier to match production to demand.
But there are plenty of outliers in the pages of spreadsheets when you look inside the numbers. So here are the 10 things I think I know about the auto industry based on April’s sales.
and have spent the past two years becoming BFFs under the covers of their small cars. In addition to the production version of the Infiniti Etherea using the and Nissan in Tennessee, two years ago it was reported that the next Infiniti G would get engines from the German automaker. As the launch draws nearer, a report in Autocar indicates that Mercedes four-cylinder gasoline and diesel engines will be under the hood from the beginning.
Infiniti has been investing heavily in growing the brand across the world, especially in Europe. The G range had no four-pot in the lineup, and without that, few buyers would even consider it. Having economical engines right from the start will at least give purchasers a reason to cross-shop the G with the and , its target market. It will need that expanded consideration to move from 2011’s 145,000 global sales to the 500,000 sales it seeks in 2016.
If you’re wondering why Mercedes would provide engines and know-how to an entry-level luxury car that competes against the 3 Series, one of Mercedes main rivals, Renault- CEO Carlos Ghosn said . “People buying Infiniti or Daimler, they don’t cross-shop between the two brands…. We came to the conclusion that Mercedes collaborating with Infiniti will not be hurting each other.”
isn’t going anywhere, according to parent company Proton. Autocar reports representatives of Proton’s new owner, DRB-HICOM, stopped by Lotus HQ to reassure the company’s staff.
Dato Sri Haji Mohd Khamil Bin Jamil, DRB-HICOM group managing director, said his company “is not thinking about a sale.” While the executive said that he could never fully dismiss the prospect of sending Lotus off to another owner, right now such a move isn’t one of his company’s top priorities. Instead, figuring out a course for Lotus could take months. In the meantime, Dato Jamil said his company would continue to support Lotus financially.
Until recently, Proton was owned by the Malaysian government, but DRB-HICOM purchased the company three months ago. Since then, the future of Lotus has been anything but certain. All production and development stopped for 60 days after the deal was inked, but has now officially resumed. Even so, with no clear long-term decision from DRB-HICOM, it remains unclear whether Lotus will pursue the five-year plan laid out by company CEO Dany Bahar.
General Motors stock has been , failing to climb past $30 per share since July of last year. Trading at around $22 per share today, the optimism that surrounded the company’s emergence from bankruptcy and in November 2010 has all but vanished. So it’s no wonder that the United States Treasury has decided to sit on its GM shares, with no plans to sell of its remaining 26 percent stake in the automaker.
According to The Detroit News, the Treasury believes that GM is underpriced given the changes that have happened at the company. Assistant Treasury Secretary Time Massad told the News, “Our perspective is that the company has made real progress, but the market hasn’t given them as much credit for that as it might.”
The government stands to lose $15 billion on the bailout at today’s stock prices, according to the report. Of the $49.5 billion spent on the bailout, the government has already recouped roughly $23 billion in reducing its stake in GM from the 61 percent it once held. GM shares would have to more than double in value to $53 for the Treasury to break even in liquidating the 500 million shares it still owns, according to the report.
CAR magazine reports is hard at work on crafting the next-generation . When it bows, the machine is expected to carry with it an all-new nomenclature, doing away with the 1 badge in favor of a new 2 Series emblem. This we’ve heard of BMW filling in its model line with both 2 and 4 Series models, nor the first hint that the 1 Series Convertible will be reborn as the 2 Series. CAR does supply a few more details however, stating that the 1 and 2 will be separated largely by a few sheetmetal tweaks. That means we can expect to see more or less the same engine options behind the headlights.
Why bother changing the naming structure at all? According to CAR, BMW is attempting to get its fleet more inline with those of and , which use a hierarchical structure to differentiate less premium models from pricier hardware. The report suggests buyers can expect to see the new 2 starting in 2014, complete with a six-speed manual transmission or an optional eight-speed automatic gearbox.
has posted two teasers to YouTube, previewing M Performance versions of both the and . These look to be specially produced for the UK market, and limited to just 30 units of each model in either red, white or blue.
Little information accompanies the low-res videos, saving that each of the cars is being fitted with “an impressively high specification of standard equipment” and that the 30 cars will be split up into 10 of each color. All three hues will feature BMW’s “frozen” paint, the matte finish we’re familiar with from the .
to watch both videos and their accompanying dubstep soundtracks.
on an expansion to its Decherd, Tennessee engine plant and will start churning out powerplants for and models in about four years.
The plant already builds four-, six- and eight-cylinder engines for several Nissan models as well as the SUV. In 2011, the Decherd plant built 580,000 engines. The expansion will boost production capacity by as much as 250,000 units per year.
Nissan’s partnership with Mercedes-Benz, , has the Decherd facility supplying engines to Merecedes’ only North American plant in Vance, Alabama. The four-cylinder will be installed in the German company’s sedans.
“This is the newest milestone in our pragmatic collaboration and our most significant project outside of Europe so far,” said Renault-Nissan CEO Carlos Ghosn in a January press release. “Localized capacity reduces exposure to foreign exchange rates while rapidly enabling a good business development in North America – a win-win for the Alliance and Daimler.”
Now that the title of world’s largest maker has become a clear and eager battle, we can expect more regular updates on the progress of the combatants. Bloomberg reports that snagged the #1 crown in Q1, taking it away from with 2.49 million units sold across its five brands compared to 2.28 million for GM. was just another tenth down at 2.19 million units sold.
What all three might appreciate even more than the crown – except for VW, who is monomaniacal about the No. 1 tag – is that sales volumes and profitability are up, at least in America. Toyota’s sales rebound from the catastrophes of last year (and indeed, the last few years) is being underlined by its performance here, where the is against a background of the nation’s . Even with double its usual fleet sales in Q1, Toyota expects this financial year’s .
The year isn’t over yet and it remains close, but for now it looks like there’ll be good news for everyone. Well, until 2016, when Volkswagen is all challengers at the top of the podium, two years ahead of its own ridiculously ambitious schedule.
