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The “Government Motors” crowd isn’t going to be happy about this: The Detroit News is reporting that the U.S. Treasury now says it has lost an extra $170 million in the auto industry bailout. The culprit? The declining price of General Motors stock.

According to the report, GM’s stock crested at $37.23, but is down 35 percent from that level today. The Treasury Department based its calculations on a $21.29 value from November 30, 2011. The government’s share of GM was initially 61 percent, but has been reduced to 26.5 percent. The News says that the lower stock price has kept the government from selling its remaining 500 million shares.

While political opponents of the Obama administration will no doubt jump all over this report, the final cost of the bailout is still looking like it will be far less than originally thought. According to the report, the $44 billion estimate was reduced to $30 billion in December 2009, and this most recent estimate puts the total sum at $23.77 billion.

Matthew Anderson, a Treasury spokesman, was quoted as saying: “The auto industry rescue helped save one million jobs and is still projected to cost dramatically less than many had expected during the crisis.”

GM stock price leads to greater estimate of losses on bailouts

Volkswagen has released an extended version of its Super Bowl ad ahead of the Big Game, and it may not be what you expected. While the automaker’s teaser hinted toward yet another Star Wars-themed spot after the success of last year’s “The Force,” the new commercial focuses instead on a pudgy puppy named Bolt. The advertisement’s tagline is “Back and better than ever,” and Bolt enters into a fitness montage set to some excellent James Brown tunes in order to slim down and chase after the 2012 Volkswagen Beetle.

There isn’t a single Star Wars reference throughout the whole clip, which may leave fans wondering exactly what that whole chorus of dogs barking in tune to the Empire’s theme in the Volkswagen teaser was about. We won’t spoil the twist for you, but we will say the 2012 Super Bowl ad heads toward a wretched hive of scum and villainy pretty quickly. Hit the jump for the video, as well as the full press release.

Continue reading Volkswagen puts a twist on its Beetle Super Bowl ad

Volkswagen puts a twist on its Beetle Super Bowl ad

We’ll be the first to admit we weren’t overly taken with the Super Bowl commercial Honda worked up featuring Matthew Broderick. The company has a long history of genuinely great advertising, and while the countless Ferris Bueller’s Day Off references were clever, the ad didn’t really come close to the cleverness found in the movie that inspired it. Fortunately, the company has just released a new spot chock full of… that certain something. The clip follows a spark of innovation from inception to realization as the new European Honda Civic hatchback. As usual, the commercial is well shot and narrated by none other than Garrison Keillor, a staple of Honda’s British ads.

Look closely and you’ll even see a shout-out to Honda’s famous “The Cog” Rube Goldberg spot of a few years ago, as well. You can follow the trials and tribulations of Honda’s little spark in the commercial after the jump.

Continue reading Sparks fly with Honda’s cool new European Civic ad

Sparks fly with Honda’s cool new European Civic ad

The Chevrolet Sonic has been busy lately – taking part in a host of adventurous activities like sky diving, bungee jumping, kickflipping, and making a music video. We’ve seen snippets of a lot of the extreme sports activities the Sonic hatch has been involved in, but we have yet to see the music video for OK Go and its song “Needing/Getting.” Chevy has just released a teaser to whet our appetites, however, as well as its latest full-length Sonic ad for the Super Bowl, both of which you can view after the jump.

The 60-second extreme sports spot is part of an onslaught of seven ads that Chevrolet will run before and during the game, and at least four of the brand’s ads will be devoted to the Sonic. Follow the jump to check out the new spot called “Stunt Anthem,” and if you like the song in the ad – The Fun’s “We Are Young” – you can download it here.

Continue reading Chevy Sonic teases Ok Go music video and extreme sports ads for Super Bowl

Chevy Sonic teases Ok Go music video and extreme sports ads for Super Bowl

It was hinted not long ago that Lamborghini would be bringing a couple of brand new baubles to the Geneva Motor Show. Speculation was that one would certainly be the Aventador Roadster, but the other was more difficult to predict – the standard cries being a production version of the Sesto Elemento, a new sedan or a crossover. Well, we still can’t be sure what else is coming to Geneva, but if the magazine scan at the Teamspeed forum can be believed – it comes from Italian mag Quattroroute – a new crossover will be heading our way shortly after the Switzerland expo.

According to the article, Lamborghini will be getting an SUV based on the Audi Q7 platform (just like sister-brand Bentley is expected to do), and it will be revealed at the Beijing Auto Show in April. The ostensible codename is LB 736, and while the official engine spec hasn’t been nailed down just yet, we hear it’ll be a V10 or electrically assisted V8 with somewhere around 700 horsepower.

The body is reportedly standard Lamborghini-issue aluminum and carbon fiber, with aims of a curb weight under 2,000 kilograms (4,400 pounds), and the completed project will go on sale in 2015. There’s a suggestion that it might also come to Geneva instead of Beijing, but since the image is a Photoshop – and, frankly, most of this is speculation – don’t be suprised if what we see now is not exactly what we ultimately get… whenever it debuts.

Lamborghini’s next model to be “LB 736″ SUV instead of Estoque?

Domestic automakers have much to be happy about, with Chrysler, Ford and General Motors all gaining market share last year for the first time since 1988. Yet according to Bloomberg, 2012 won’t be as good to Detroit. Total sales are projected to grow from 12.8 million vehicles last year to 13.6 million, according to the report, but increasing competition from Korea and a Japanese recovery from the natural disasters of 2011 mean those extra sales aren’t likely headed to the Big Three.

The news agency spoke to five analysts, and predictions have the U.S. automakers losing 1.3 percentage points this year. The analysts estimate that GM will drop 0.6 of a percent, Ford will lose 0.5 percent, and Chrysler will be down 0.2 percent. Toyota is seen gaining 0.9 percent, with Honda grabbing an extra 0.5 percent, while Hyundai and Kia are only projected to see their combined market share improve by 0.01.

If all this comes true, GM would have the top market share in the U.S. at 19 percent, with Ford in second at 16.3 percent, followed by Toyota at 13.8 percent, Chrysler at 10.5 percent, and Honda at 9.5 percent.

Analysts: U.S. automakers will lose marketshare in 2012

In the wake of last week’s bruising hearing on Capitol Hill about the safety of the Chevrolet Volt (which itself followed an investigation by the National Highway Traffic Safety Administration that concluded plug-in vehicles do not “pose a greater risk of fire than gasoline-powered vehicles“) former General Motors Vice Chairman Bob Lutz has written a column for Forbes that strikes back against the media (especially conservatives) who are attacking the car he thought would be one of his most important legacies.

Politicians and members of the media on the right, from Mitt Romney to Neil Cavuto, have talked smack about the Volt, and Lutz says this “has attracted my attention and ire.” In typical Lutz fashion, he doesn’t mince words, writing:

The Oscar for totally irresponsible journalism has to go to The O’Reilly Factor on Fox News, with, as its key guest, Lou Dobbs. Amid much jocular yukking, the Volt was depicted as a typical federal failure. … Boiled down to the subtext, Dobbs’ message was this: “All Volts catch fire, and therefore all Volts have been recalled.” That simply isn’t the case. …

To top it off, these two media pros lamented the fact that the same government that had forced GM to produce the Volt was now extending $7,500 tax credits towards its purchase, thus squandering even more of “our taxpayer” dollars on this failed Socialist-collectivist flop. Truth? The $7,500 tax credit was enacted under the Bush administration!

Don’t let Lutz’s words make you think he’s taking a left/liberal stance. He’s still a self-declared “conservative Republican” who hates that right-wing talking heads are spiraling downward into this sort of “deliberate misstatement of facts.” They “have managed to make me embarrassed to describe myself as a conservative,” he writes, adding, “Let’s leave the ‘invention of facts’ to the left-wing climate-change alarmists.” There – that should offend pretty much everyone who’s not in the dead political center.

Bob Lutz: Hey right-wingers, stop attacking Chevy Volt

Lexus has a redesigned GS that it truly believes can compete with the likes of the BMW 5 Series and Mercedes-Benz E-Class. So it’s going where the eyeballs are with its marketing, ponying up for the brand’s first-ever Super Bowl ad. Lexus’ commercial is just a 30-second spot, joining the likes of Acura, Audi, Cadillac and other brands buying time during the big game.

Lexus is calling its ad, “The Beast,” which calls to mind both President Obama’s limo and the 2009 documentary by Eric Bana. The actual spot, however, has a rather hackneyed sci-fi theme: A GS350 is locked up in a shipping container sized cage in a lab, and uses its new “Lexus spindle grille” to break free in a destructive orgy of CGI.

Click past the jump to watch the whole ad.

Continue reading 2013 Lexus GS unleashed in Super Bowl ad

2013 Lexus GS unleashed in Super Bowl ad

Saab North America acknowledged that the chances were exceptionally slim, but it hoped to avoid bankruptcy long enough to give another company a chance to buy it. Shortly after Saab NA appointed a third-party administrator, McTevia & Associates, it was decided there was no way to save the company short of liquidation, and on January 23, the administrator announced plans to file for Chapter 7 bankruptcy.

But Saab NA was beat to the filing by a group of 162 out of the 188 Saab dealers, who filed for involuntary Chapter 11 bankruptcy in Delaware. The dealers said last week they were going to file for Chapter 7, but instead chose Chapter 11 because of its lower costs and in case China’s Youngman or Turkey’s Brightwell Holding’s bid for Saab NA’s parent succeeds and they want to restart operations here. The document was filed in Delaware because the dealer body feels they’ll get better hearing “further away from Detroit.” Dealers also wanted the force of court orders to back up any decisions made, not that of a third-party administrator.

Underneath all the legal machinations, though, if estimates from Saab NA dealer attorney Leonard Bellavia are accurate, then the parties could emerge without getting financially kneecapped. When McTevia announced its plan to file, Bellavia suggested that Saab NA’s liabilities were $10.5 million and assets at between $75 million and $125 million. With no more parts on the way and 2,400 cars on lots, McTevia had earlier said that the parts distribution business is “the only meaningful asset.”

Dealers trying to push Saab NA into bankruptcy

The Panamera That Can Win Back Purists

The roads winding from the southernmost coast of Spain up to Ascari Race Resort near the town of Ronda are enough to bring telling tales out of any car that professes to have high performance intentions. What talented few acquit themselves well on these roads are then exposed to the 3.4-mile Ascari circuit, and that’s usually enough to send most of them home in a huff of brake dust and blow-by.

This time in the crucible, it’s the 2012 Porsche Panamera GTS, a car first shown under the hard lights of November’s Los Angeles Auto Show. Despite not being the most powerful in the range, this naturally aspirated GTS is tipped to offer the most race-like dynamics of the entire Panamera portfolio. And after 100 or so miles on public amusement park roads and 20 or so on the track, this plus-size GT showed us it’s capable of dicing it up like a 911 or Cayman while delivering an understandably different experience from behind the wheel.

Continue reading 2013 Porsche Panamera GTS [w/video]

2013 Porsche Panamera GTS [w/video]

What happens when a Dodge meets an Alfa Romeo? The Dart, that’s what happens. But as promising as Auburn Hills’ new economy sedan is, what we’re really looking forward to is what Ralph Gilles and company over at the SRT division can cook up. And the folks over at Motor Trend think they’ve got a pretty good idea of what to expect.

For the Dart SRT4, Dodge could go one of two ways: turbocharging the existing Tigershark 2.0-liter four, or shoehorning in the new all-aluminum 1.8-liter turbo four from Alfa Romeo. Since the latter would likely push the Dart SRT4’s price up beyond $30,000 and competitive levels, the smarter money’s on the former. But in order to compete with the likes of the Ford Focus ST and Subaru WRX STI – and outshine the 285-horsepower Caliber SRT4 it succeeds – we could be looking at nearly 300 horses under the hood.

Couple that with a six-speed dual-clutch transmission (we’d still hope for a manual), upgraded rolling stock, brakes and suspension, and a more aggressive aero pack and we could be looking at one very mean pocket rocket indeed.

Dodge working on 300-hp Dart SRT4

It would probably be easier for researchers to change tracks and start telling us what doesn’t cause cancer or obesity or car accidents. Latest on the list of automotive smash-up causes, according to a study by UK insurer Swiftcover, are drivers leaving their fog lights on in good visibility. The numbers are brazen, with Swiftcover attributing “as many as 300,000″ accidents and two million near misses in the last 12 months “caused by drivers leaving fog lights on in the same period.”

The UK highway code prohibits driving with one’s fog lights on in conditions with visibility greater than 100 meters. Swiftcover’s study says the lights dazzle other drivers, especially in London where 50 percent of incidents were registered, and that this applies to both front and rear fog lights.

Follow the jump for a press release on the study and a link to the Highway Code if you need a refresher.

Continue reading UK insurer says “reckless fog light drivers” cause 300,000 accidents a year

UK insurer says “reckless fog light drivers” cause 300,000 accidents a year

This year Mopar is celebrating 75 years since its name – a combination of MOtor and PARts – was first trademarked. During that time, Mopar has evolved to become synonymous with performance parts for Chrysler and Dodge vehicles, as well as amp’d-up specialty package vehicles, vehicle service and maintenance, and add Fiat to the long list of Chrysler Group brands it supports since the Italian automaker took part ownership in the smallest of Detroit’s Big 3.

Anniversaries usually come with presents, and Mopar is bring four to show and share at the Chicago Auto Show next month. The first, and only one that will be sold turn-key, is the ‘12 Mopar 300, which becomes the brand’s third factory-built model for modern times following the ‘10 Mopar Challenger and ‘11 Mopar Charger. While offering no more power than a standard 5.7-liter V8-equipped 300, the ‘12 Mopar does benefit from a new final-drive ratio of 3.91:1 that drops its 0-60 time in the low five-second range, as well as a significantly stiffer suspension, grippier tires and brake system upgrades.

Then there’s the exterior. If the plague’s preferred method of transmission were by car, this would be its ride. It is the Black Death on wheels, which themselves are 20-inch, 8-spoke forged aluminum rollers painted Gloss Black with Mopar center caps. We especially like the tasteful blue striping that appears across the ‘12 Mopar’s sides and around its rims. While we’ve yet to see it, Mopar says the interior is equally void of light save for accents of Mopar Blue.

Only 500 of these ‘12 Mopar 300 models will be built and sold this summer for the price of $49,700, which includes destination charges. Each one will also come with a special box of goodies that includes Mopar-branded key fobs and merch; proof of the vehicle’s exact manufacture date and number built; and a sketch of the car signed by its designer.

Follow the jump for three more anniversary models from Mopar.

Continue reading Mopar celebrates 75 years with bunch of Chicago-bound special editions

Mopar celebrates 75 years with bunch of Chicago-bound special editions

Last year was a good one for Harley-Davidson. According to Asphalt and Rubber, the American bike manufacturer saw its sales increase by 5.9 percent globally compared to 2010. Sales in the U.S., meanwhile, were up 5.8 percent. All told, Harley-Davidson managed to move 235,188 units last year, with 151,683 of those heading to owners in the States. Those figures mean the manufacturer managed to post a net income of $105.6 million last year. By contrast, during the fourth quarter of 2010 the company saw a net loss of $46.7 million.

The global recession hadn’t been kind to the company. With a model line designed to cater to the wealthy and their lust for toys, Harley-Davidson suddenly saw itself posting yearly losses. Those at the helm sold off MV Agusta and pulled the plug on Buell all together in an effort to keep Harley-Davidson up right.

Those moves seem to have helped. The company posted $4.6 billion in revenue last year, which marks an increase of 11.6 percent over 2010.

Harley-Davidson sales grew 5.9% in 2011

Early last year, Chrysler announced that it would be bringing the Viper back into production, with the brand’s performance flagship once again taking its place at the front of the SRT lineup. The next generation Viper won’t be unveiled until April at the New York Auto Show, and it looks like Dodge will be doing its best to tease us mercilessly until then with vague sketches of the car. The first has just been posted on the official SRT Facebook page, providing the very first look at the front end of the 2013 Viper. From the silhouette it’s hard to really tell what the design will look like, but the overall shape and the hood scoop distinctly remind us of the Viper GTS coupe built from 1996 to 2002.

So, what do we know about the 2013 Viper as of right now? For starters, traction control will be used for the first time in the model’s history as mandated by federal law. The powertrain is still unconfirmed, although there are rumors that the V10 could get a bump in displacement to an incredible 8.7 liters.

All of these rumors will be laid to rest come April, but until then we’ll just have to settle for the teasers that SRT gives us. We’ll be sure to bring you more news on the 2013 Viper as soon as its released, and let us know what you’re hoping to see from the new Viper in the Comments.

SRT offers up first 2013 Dodge Viper teaser

We’re almost ready to record Episode #267 of the Autoblog Podcast. Check out the topics below and you can join us live via UStream, as well, and we’ve embedded our UStream player after the jump. Thanks for listening!

Discussion Topics for Autoblog Podcast Episode #267

• BMW M goes diesel
• Ford Focus loads up on fleet sales
• California pushing for more green cars by 2025

Continue reading Autoblog Podcast #267 goes LIVE at 10PM Eastern

Autoblog Podcast #267 goes LIVE at 10PM Eastern

Our spy photographers have snagged a few fresh images of the 2013 Land Rover Range Rover as engineers put the SUV through its paces during a little winter testing. The prototype looks identical to the bruiser we say playing around on the Nürburgring last year. Details were scarce then and they remain so now, though this batch of photos show the big Rover’s interior for the first time. From the looks of things, the cabin doesn’t seem to have received much in the way of an update, though there’s no way to tell if this particular tester is fitted with a full production-spec interior.

The next-generation Range Rover is expected to bow with a gently sloping roofline and a more aggressively raked rear window. Word has it that the vehicle will ride on the same underpinnings as the Jaguar XJ, though the luxury utility will likely undergo a serious diet before it debuts. Land Rover has made it clear that reduced mass is a top priority as governments around the world continue to push more aggressive fuel economy and emissions targets.

Next Land Rover showing up pixel by pixel

What’s up with the sales, orders and reservations of the Nissan Leaf? The Japanese automaker loudly trumpeted the 20,000 reservations it originally collected back in September, 2010 and Nissan’s Mark Perry recently told AutoblogGreen that, since then, that number has climbed to around 26,000. Where do things stand today? That’s not exactly simple to figure out. Here’s what we know:

• Number of accepted Leaf reservations: 26,000
• - Number of Leaf models sold: 10,000
• - Number sold in January: 800 (estimate)
• - Number sold in February: 800 (estimate. Perry recently said these two months were sold out or nearly sold out)
• - Number of people who haven’t had a chance to order because they live in a state where the Leaf is not yet for sale: 2,000 (according, again, to Perry)
• - Number of people who cancelled (unknown)
• = 12,400 people or so

Nissan’s Katherine Zachary tells Autoblog that the company doesn’t share cancellation data, so it’s not possible for outsiders to know exactly how many of the 12,400 have raised and then lowered their hands. Zachary added, “We have new people coming into the process every day, so it’s really a moving target.” Still, somewhere out there, there could be 12,000 people who are patiently waiting to snatch up Nissan’s 2012 Leaf production. Even if 50 percent of them cancelled, that still leaves many months of strong sales coming for Nissan in the U.S. this coming year, even as production ramps up.

One thing that Zachary was willing to share were the colors chosen by buyers for model year 2012 Leaf orders. They are:

• Brilliant Silver – 24%
• Blue Ocean – 23%
• Glacier Pearl – 21%
• Cayenne Red – 19%
• Super Black – 14%

Given that Blue Ocean was the Leaf’s “Launch Color,” we’re a bit surprised to see it being outsold by silver, if only just. If you were going to order a Leaf (or if you already have), what color would it be? Take our poll below.

View Poll

A word on Nissan Leaf sales, orders and reservation numbers [w/poll]

See that above? It’s the Monroney for Tony Stark’s Acura in The Avengers. We saw the car on set last year, when most of what we had to say about it centered on its potential hints to the as-yet-unseen Acura NSX concept. Someone got a closer look at the roadster on display, and its details are nothing short of cartoonish but in the best way.

The $9,229,000 supercar uses a palladium-powered 80,000 TOHC 32-valve engine boosted by, get this, nitrous. As well as its nine-speed hyper-shift transmission, lithium dioxide-injecting shocks and reflex-response steering column with target guidance feedback, it is fitted with a device to create an enviro-clone projected hologram of its surroundings. You know, for defense. And because actual palladium use might vary among agents, the 234 city/302 highway mpg is for Tony Stark only.

Head over to Collider.com for more closeup images of Stark’s low-density-plasma-emitting Acura roadster and a closer read of that window sticker.

Monroney details on Tony Stark’s $9,229,000 Acura from The Avengers

In spite of the near-Pavlovian howling that commences anytime the BMW 5 Series Gran Turismo is mentioned, and in spite of the 5GT falling so short of its sales target that BMW has been forced to consider bringing back the 5 Series Touring, the ungainly hatch has outsold that wagon during its time on our shores. And that was before it got dressed up with an M Sport package.

It shouldn’t be a surprise then that the 3 Series GT is still rushing our way, with a report on BMW Blog (not connected to the company) declaring it will be here in March 2013. BMW is promoting the hatchback 3 as “the alternative to alternatives, a style conscious car with the dynamic prowess to match its looks,” which smacks of PR-speak veering dangerously close to Newspeak.

We’ll find out soon enough, nevertheless, for the moment, the 3GT is claimed to offer the cargo capacity of the 5 Series sedan but with even more room for everyone’s legs. It is predicted to wear a slightly different face than the rest of the 3 Series line and have frameless windows (the rendering on BMW Blog has frames). Power should be from the current 3 Series lineup of turbocharged four- and six-cylinder engines.

BMW 3 Series Gran Turismo coming next March