Archives
GM Customers Give Back
Their cars, that is. General Motors is updating the world on how many buyers have returned their vehicles under the company’s “May the Best Car Win” 60-day satisfaction guarantee. And the number is [drumroll]...193. Out of 220,000 cars sold so far, in the month since the program debuted. Doesn’t sound like a lot, does it? Autoblog’s Chris Shunk takes a closer look:
Who Will Charge America?
When electric cars and plug-in hybrids begin hitting the U.S. market in bigger numbers next year, a significant barrier to entry for consumers who don’t live in places where people have garages with electrical outlets will be where to obtain juice. True, you could run an extension cord out of the apartment window—although if you live in a 40-story high rise, that will need to be a pretty long cord.
Who will charge America?
Soros Gives Ford More Cause To Be Giddy
No doubt about it, Ford (F) came out of the springtime auto bankruptcy follies looking a whole lot better than its Motown rivals, General Motors and Chrysler. Now we learn that billionaire investor George Soros took a big stake in the company. Soros. Ford. CEO Alan Mulally has to feel like he’s on top of the automotive world right now.
The Car Czar Cannot Be Serious
Ron Bloom, the man taking the lead for the Obama administration’s auto task force, told Reuters that the U.S. Treasury, which controls 60 percent of General Motors, was a tad surprised when the carmaker decided against selling Opel: “Bloom said the administration was caught off guard when GM decided this month to keep its European Opel unit rather than sell a majority stake to a Russian-backed group led by Canadian auto parts maker Magna International.”
If the car czar doesn’t know what’s going on at GM, who does?
Car of the Future Boardroom Melodrama
You may never have heard of Aptera, but its exotic, three-wheeled car is widely viewed as the most daring of the new generation of vehicles to come out of California automotive startup culture. Sculpted from composites, aerodynamically designed to have a preposterous low coefficient of drag, it was at one time rumored to get 300 mpg. However, all is potentially not well with its management. Maybe. Possibly.
Live-blogging GM
Now that we have Twitter, I don’t much see the point in live-blogging events if your goal is simply to tell people what’s happening, rather than why or what it means. The New York Times’ Micheline Maynard live-blogged GM’s third-quarter financial report today, but besides telling us what CEO Fritz Henderson said, or how he responded to this or that reporter’s question, there isn’t much that tells us the significance of the information dispensed.
Nitpicking GM’s Third-Quarter Results
The Wall Street Journal has a good rundown of General Motors’ third-quarter results, reported today, which have the new company losing $1.15 billion but making money in China as well as achieving profits on some of its new vehicles.
Nissan's Zero Worship
Above, you can see the business end of a Nissan Leaf, the 100-mile-per-charge, all-electric car that Nissan will begin selling next year (the charging ports are located right between the headlights). I attended a sunsplashed media even in the parking lot of Dodger Stadium today (read: it was toasty hot, even for November).
Megan McArdle Doesn’t Heart Electric Cars
Over at the Atlantic, econoblogger Megan McArdle offers deep skepticism about electric cars in general and Chrysler’s now-defunct E.V. program, ENVI, in particular. OK, she has a point about the promotion of ENVI being a cynical play on the part of Chrysler to secure bailout funds pre-bankruptcy.
Twittering Nissan’s New Electric Car
Nissan is rolling out its forthcoming all-electric car, the Leaf, for media on Friday in Los Angeles. It's part of the Leaf’s “Zero Emission” tour, which will take the car to other cities. And it’s all happening at Dodger Stadium, where I last was when the Dodgers clinched the NL West title. I’m going to Twitter the event—check it out at @mattdebord—and assuming there’s no ban on Flip video, provide an analysis of what Nissan has to say, with moving pictures.
Carmakers Hit Twitter Squatters
From Automotive News, via Nick Chambers at Gas 2.0: automakers don’t appreciate it when their names are turned into Twitter accounts that have nothing to do with their brands. Evidently, Twitter has been overwhelmed and slow to deal with carmakers’ complaints.
GM to Repay Taxpayers. Definitely. Maybe.
General Motors’ Chairman, Ed Whitacre, said yesterday that GM plans to pay back the government loans it accepted during its bailout/bankruptcy, contradicting a GAO report that maintained GM will never be able to return those taxpayers' funds. On the one hand, GM seems to be doing better than anyone expected.
Amusements: Used Car Bake Sale
Go to lunch, spot an example of the innovative used-car economy in action. This is from a used-car lot in northeast Los Angeles. I think ”L” stands for “large.” Regardless, they have a 1980 Alfa Romeo on the lot, and getting a free cupcake to drive that strikes me as going well past the payoff for your average bake sale.
Cash for Clunkers Proves Truck Love
Felix Salmon doesn’t like Cash for Clunkers. I think it saved as the U.S. economy. Regardless of who you believe, C4C did prove that American truck owners, given a decent incentive, will trade in their old truck for ... a new truck.
GM’s Lutz Polishes His Opel
Here’s what we know: General Motors decided at the 11th hour to not sell Opel to Magna, a Canadian parts supplier, backed by a Russian bank. This enraged Germany and Russia, and Germany is now saying that in addition to GM having to pay back billions in bridge financing from earlier this year, it may now not receive the $6 billion in loans that the German government had committed to the Magna deal. However, the GM board seems happy that it’s keeping Opel.
No Goodwill for Hummers
Over at the New York Times Magazine, “Consumed” columnist Rob Walker has seen a Hummer— the large and often derided, military-derived General Motors SUV that will soon be sold as a brand to the Chinese—in the parking lot of a Goodwill and “smirked.” The implication is that the Hummer owner painted himself (and it’s probably a him) into a financial corner through his purchase of a pricey, gas-
Toyota Weeps
A number of commentators have wondered why Tadashi Yamashina, who runs the Formula One racing effort for Toyota, became so emotional a few days ago when he announced that Toyota would be pulling out of the world’s premier racing organization. Obviously, this was a blow to Toyota’s high-performance pretenses, coming awkwardly on the heels of its debut of a $400,000 Lexus supercar at the Tokyo Motor Show.
Chrysler’s Master Plan
Yesterday was D-Day for Chrysler and Fiat’s CEO, Sergio Marchionne, to present his five-year plan for Chrysler. Reportedly, for more than six hours, Marchionne and his lieutenants PowerPointed their way to the future. There was much live-blogging and tweeting of this event, which sounds as though it was astonishingly dull and intensely granular, if utterly necessary given the relative lack of information that’s emerged from Fiat-controlled Chrysler since the company emerged from bankruptcy.
Blogger TV: Talking GM-Opel
I did a short interview with RT (a Russian English-language TV network) about the failure of General Motors’ sale of Opel to Magna International and Sbrebank, a Russian bank. They’re not happy in Germany, and they’re not happy in Russia. But from what I can gather, they are happy in Detroit.
BusinessWeek’s Baffling “Ugly 50”
BusinessWeek has put together a slide show of the “Fifty Ugliest Cars of the Past 50 Years” that has the auto blogosphere scratching its collective head. There are some usual suspects: the Pontiac Aztek, the Yugo, the Cadillac Cimarron.
The Trouble With Small Cars
Felix Salmon is back from vacation and considering the fortunes of RBS and General Motors, the latter of which just decided to not sell Opel, its main European division, to an unholy investment consortium made up of Canadians, Russians, and German laboristas.
GM’s Opel Sale Crashes
What once looked liked a done deal now suddenly isn’t. General Motors’ board has decided against selling Opel, it main European division, to Magna, a Canadian part supplier, which had partnered with Sbrebank, a Kremlin-backed bank, along with GAZ, a Russian carmaker, and the Opel union. Germany wanted this deal, but GM’s new board increasingly didn’t.
GM’s Delphic Albatross
At one time, Delphi was just another component of the vast vertically integrated manufacturing, management, and marketing colossus that was the Big Old General Motors. But in the early 1990s, GM decided to de-integrate and created the Automotive Components Group as a separate entity. About a decade later, this entity became Delphi. By 2005, Delphi was bankrupt. The bankruptcy gobbled up four years, with Delphi only emerging recently.
Should Automakers Do Robots?
Well, one of them already does. Honda just celebrated the 9th birthday of its iconic robo-creation, ASIMO—although according to Wikipedia, the models on which ASIMO are based have been around since 1986, making him/her/it a whopping 23, plenty old enough to drink, drive, and vote. Why am I interested in this? For starters, ASIMO shows everything that’s right and wrong about Honda. The Japanese company seems to make ... you name it.
Tesla's Family Planning
In a New York Times story from last week about Reva, the Indian carmaker that’s partnering with a U.S. company to build electric vehicles in upstate New York, I got hung up on a technical specification related to another EV manufacturer, Tesla Motors.
Recent Shifting Gears Posts
-
Matthew DeBordNovember 20, 2009
-
Matthew DeBordNovember 20, 2009
-
Matthew DeBordNovember 19, 2009
-
Matthew DeBordNovember 19, 2009
-
Matthew DeBordNovember 17, 2009
