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GM’s Bob Lutz Is Faster than Bloggers
A zany little sideshow has been building in carland over the past month and a half. Back in early September, General Motors’ (MTLQQ) un-retired marketing boss, Bob Lutz, challenged all comers in an unmodified, production sedan to take on a Cadillac CTS-V, driven by him. It was all part of GM’s “May the Best Car Win” campaign.
The Future of Cars: China and India
Ford (F) has officially gotten behind a bid from Chinese automaker Geely to buy Volvo, the last holdout in what was once Ford’s Premium Automotive Group. Some may remember that Ford offloaded two other PAG members, Jaguar and Land Rover, to India’s Tata Motors in 2008.
Should We Celebrate the Hummer-Driving Vegan?
Dan Mitchell’s Daily Bread post today about Michael Pollan’s contretemps over Hummer-driving vegans versus Prius-driving meat-eaters reminded me of a controversial 2006 study of total costs associated with driving, say, a Hummer versus driving, say, a Prius.
PT Cruiser, Adieu (Encore)
With just about a week to go before Fiat/Chrysler CEO Sergio Marchionne presents his post-bankruptcy revival plans for the smallest of the Detroit Big Three automakers, words has leaked out that the PT Cruiser, Chrysler’s iconic retro-mobile, is destined to be axed. Again.
More Electric Car Delusions
Over at Gas 2.0, Clayton Cornell is reporting on a conference that took place in Detroit last week. "The Business of Plugging In" brought together an extensive roster of people who have a stake in a future that features electric cars. And according to Cornell:
A few of them are featured in next month’s Inc.
Fisker Automotive Moves East
Fisker Automotive will be building a snazzy and expensive luxury sports car in Finland, but the $500-plus million it recently gathered in Department of Energy loans will evidently be put to use in ... Delaware! That’s because Fisker is looking to sign a deal to take over an idled General Motors (MTLQQ) plant that formerly assembled Pontiac Solstice and Saturn Sky roadsters.
Why Is Toyota Selling a $400,000 Car?
By now, we should all be familiar with Toyota’s woes. No sooner did the automaker finally ascend to the No. 1 global spot, displacing General Motors (MTLQQ), than it began to hit speedbumps and potholes. There were historic financial losses, lawsuits, and embarrassing, tragic recalls. At one point, it was widely believed that Toyota could do no wrong. All of a sudden, it could do no right.
Fox News Dickers With Chevy Volt Mileage
By now, everyone knows that when General Motors (MTLQQ) flashily claimed that the forthcoming Chevy Volt extended-range electric vehicle would get ... 230 mpg!, it was a publicity stunt, pure and simple. That hasn’t stopped various critics from claiming that GM is peddling hallucinatory expectations. The latest to jump on the "Volt230 ...
Steven Rattner, Czar of Melodrama
While everyone else has had their nose buried in Andrew Ross Sorkin’s Too Big To Fail, I’ve been assiduously parsing my own gripping narrative of financial malfeasance and managerial tomfoolery: former car czar Steven Rattner’s Fortune account of his hectic days at the head of the Obama administration’s auto task force.
The Opel Saga That Will Not End
It was looking like all-systems-go for General Motors (MTLQQ) to sell Opel, its main European division, to Magna, a Canadian parts supplier, Russian investor Sbrebank, and Opel’s union. The twists and turns of this deal have been ... well, pretty dang twisty and turn-y. Here are the basics:
Best-Looking Buick Ever?
I worked with Buick for several years, and the perpetual problem with the original General Motors (MTLQQ) brand was that it just never seemed fresh or forward. It had been before: There’s a long history of compelling Buicks, but it all seemed to grind to halt in the late 1990s. At one point, the division sold six different models, but after 2005, a slimming-down process began.
Finally, an EV Plan That Makes Sense
We gab a lot about carmaking in Detroit, and carmaking in the Midwest, and carmaking in “Detroit South,” and carmaking in Silicon Valley. What we don’t talk a lot about is carmaking in ... upstate New York. Upstate New York is for apple picking and second homes and the suffering of the Buffalo Bills and great, big drifts of glorious white snow and tatterdemalion industrial dreams documented by the likes of Richard Russo.
Car Czar Steve Rattner Speaks
If you want the precise blow-by-blow of how the Obama administration and the auto task force, led by former-New York Times-reporter-turned-investment-banker Steven Rattner, got Chrysler and General Motors (MTLQQ) in and out of bankruptcy in record time, check out Rattner’s account in Fortune.
Why Is Porsche So Nervous About Its New Car?
Porsche is, at root, a sports car company. And at the root of that identity is a single machine, the iconic Porsche 911, introduced in 1963 and steadily, fastidiously, teutonically improved ever since. Unfortunately, it’s difficult to grow as a car company when your entire history and destiny rest on the admittedly superlative performance of a single automobile. So Porsche has created new cars over the years.
Real Hummers Don’t Do Niche
General Motors (MTLQQ) announced last week that it was finally, after some back and forth with various elements of the Chinese government, officially selling Hummer to a Chinese heavy manufacturing company, Sichuan Tengzhong.
The Car Company as Fashion House
We’re catching up with this a bit late, but still ahead of Fiat/Chrysler CEO Sergio Marchionne’s much-anticipated, yet so far highly secretive, plan for the Pentastar’s future success under Italian leadership. Marchionne will present his five-year plan on Nov. 4 to the Chrysler board. But here’s what we like: Sergio’s proclivity for referring to carmakers as “houses”:
Is Goldman Sachs the New GM?
Goldman Sachs (GS), which announced epic quarterly profits last week, has an obvious PR problem on its hands. The firm is being savaged left and right. And given the traditionally esoteric and rather secretive nature of its business, it’s difficult for the investment bank turned bank-bank to get the public to cut it a break.
Kausfiles Smackdown: The Sequel
Over at Kausfiles, Mickey continues to gently dig at me for my observation that, over the past few months, the Detroit automakers are seeing their market share trend up, while Toyota and Honda see theirs trend down. But hey, a trend is a trend!
Is Cadillac Still Cadillac?
A weird little meme has popped out of the Obama health-care reform debate: the interrogation of what, exactly, constitutes a “Cadillac” health plan. Slate’s Christopher Beam takes it apart here. He also explains the origins of the term: “Cadillac” is shorthand for “American luxury” and has been for more than a century.
Are Two-Car Families Taking a Hit?
When exactly did the U.S. become the land where most families have, at minimum, two cars? Well, if you believe the June 1955 issue of Woman’s Home Companion magazine, it was in the booming postwar period. But the magazine’s anecdotal analysis makes perfect sense: As families moved to the newly developed suburbs, husbands had to get to work while wives need to squire the kids around, shop, run errands, etc.
No GM for Dow 10,000
The Dow crossed 10,000 again today, but for the first time since 1925, there was no carmaker included as a component of the DJIA. General Motors (MTLQQ) began its long run in 1925, but was replaced this year, when it went into bankruptcy. In fact, there’s now only one major U.S. automaker with a stock listing, Ford (F).
The Modernista Tragedy
Apart from sending folksy Chairman Ed Whitacre on a stroll through a design studio, General Motors (MTLQQ) hasn’t seen much happening on the ad front since Bob Lutz unretired himself to take over GM’s marketing efforts. Lutz reportedly has been displeased with what the various ad agencies that produce work for GM have been cranking out.
The Smartest Guys Go Vroom!
Calvin Trillin has a funny New York Times op-ed today about how Wall Street, once complacent and underachieving, was done in by a deadly influx of smarts. The bottom third of the class was overwhelmed by the top third, exotic structured financial products ensued, and the whole thing came crashing down last year.
GM's Questionable Math
General Motors (MTLQQ) is getting knocked around for announcing that it wants to build 2.8 million cars and trucks for North America in 2010. According to the Detroit Free Press, that’s “about 1 million more [vehicles] than the company expects to assemble this year.”
Britain’s Mighty Electric Car Market
Nestled within a recently released British report on climate change are these ambitious expectations:
Recent Shifting Gears Posts
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Matthew DeBordNovember 20, 2009
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Matthew DeBordNovember 19, 2009
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Matthew DeBordNovember 19, 2009
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Matthew DeBordNovember 17, 2009
