Industry News
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William Maley Staff Writer - CheersandGears.com October 27, 2012 Everyday, I go through a number of stories that I will post on Cheers & Gears. However, a good number of stories that I have picked out don’t make it onto the page during the week and either get posted next week or never. That’s where the the Cheers & Gears’ Weekend Edtion comes in. Its where the stories that gotten forgotten about during the week get their due. In this second edition, we’ll be covering, Two New Honda Models Based On The Fit Ford's Flat Rock Plant Welcomes A New Vehicle Tesla's Trade-Up and More Next: Honda's Two Vehicles Based on Fit Rumorpile: Next-Generation H…
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William Maley Staff Writer - CheersandGears.com October 22, 2012 Earlier this month, we reported that four states; Illinois, Massachusetts, New York and Oregon were complaining about Tesla and their stores. "Tesla's factory-owned stores present unfair competition for rival dealerships, are inconvenient for consumers needing repairs and, if left unchallenged, ultimately threaten the franchise system," said a report in Automotive News. Tesla didn't see a problem with their stores. "We do what we're capable of doing, and we do whatever they let us do. It's unique for each location. If we can't be a dealer in a mall, we won't do reservations on-site. We tell people wher…
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William Maley Staff Writer - CheersandGears.com August 14, 2012 Almost two months ago, the vehicle line director for the Chevy Volt, Tony Posawatz announced his retirement. Posawatz worked at GM for more than 30 years at GM. Posawatz was one of the key people overseeing the Volt. Few people at the time expected him to jump back into the industry. Fast forward to today and Tony Posawatz is now the new CEO of Fisker Automotive. He takes over from current CEO, Tom Lasorda who only became Fisker's CEO back in February. "Tony is the perfect CEO for Fisker. He has been at the forefront of the industry's technological revolution and one of the few people in the world to bri…
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William Maley Staff Writer - CheersandGears.com October 16, 2012 When we last checked in on the Fisker Atlantic, the mid-size sedan that would take on the 5-Series, A6, CTS, and others, was delayed from next year to sometime in 2014. A new report from Reuters says Fisker has pushed back production of the Atlantic to late 2014 or 2015, a full two years behind the original production date. "The Atlantic is really the volume car that begins to build growth. It creates a business model that is one where we can really generate cash in the future," Chief Executive Tony Posawatz said during a conference call with investors and analysts. The conference call also revealed th…
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William Maley Editor/Reporter - CheersandGears.com January 16, 2012 A few years ago, a man by the name Scott Devin decided to build an American supercar to compete with the world’s best. So he called on a Swedish designer, Daniel Paulin to design his car. Now, being a new start-up car company, Devon couldn’t develop his own platform or an engine due to not having enough money. So, he went the donor car route for his new car and picked the Dodge Viper. Now, before you start thinking all Devon did for his new car was take a Viper and dress it up, there was more done to it. The Viper V10 was tuned and tweaked to produce 650 HP. The body, designed by Paulin was coachbuil…
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Lithium ion battery maker A123 Systems today said it has sold its automotive business to Johnson Controls and is filing for bankruptcy protection. The moves are a change in strategy for the ailing Waltham, MA-based company, which in August said it will sell an 80 percent share to the auto parts division of Chinese conglomerate Wanxiang for $450 million. Johnson Controls will acquire a significant set of assets for its $125 million investment, some of which were paid with federal aid. A123 Systems’ auto business includes its technology, two battery factories in Michigan, a cathode powder manufacturing facility in China, and A123’s stake in two auto parts suppliers in Chi…
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William Maley Staff Writer - CheersandGears.com October 20, 2012 (Author’s note: This is a new thing I’m trying out with the news coverage. Let me know what you think about this. -WM) Everyday, I go through a number of stories that I will post on Cheers & Gears. However, a good number of stories that I have picked out don’t make it onto the page during the week and either get posted next week or never. That’s about change with the arrival of the Cheers & Gears’ Weekend Edtion. Its where the stories that gotten forgotten about during the week get their due. In this first edition, we’ll be covering, Change of Guard at Volvo A Smaller Mazda California’s Be…
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William Maley Editor/Reporter - CheersandGears.com December 29, 2011 2012 is bring forth some significant changes for automakers that were planning to invest in China. The National Development and Reform Commission (NRDC) and the Ministry of Commerce announced that January 30, 2012, the country will stop encouraging foreign investment in the auto industry. The NRDC states the decision was made to help nurture their domestic brands. Jenny Gu, a senior market analyst at LMC Automotive in Shanghai tells Bloomberg the decision will end seven years of foreign-investor benefits including reduced tariffs on imported plant equipment. Recently, China has slapped new duties on…
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Everybody needs to see this and read it. This may be great news for all.
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William Maley Staff Writer - CheersandGears.com October 11, 2012 Small cars are on track to to capture the largest share of the U.S. auto market since 1993 according to Bloomberg. Sales of compact and sub-compact vehicles jumped 50% to 240,288 units last month, giving the segment a 19.3% of market share through September. That's only 1.2% off the highest market share that small vehicles ever got back in 1993. “Traditionally small cars were purchased by people who couldn’t afford anything else. Right now, that’s not the case. We see people choosing them because they find them more appealing,” said Jesse Toprak, an industry analyst for TrueCar.com. Why are small cars …
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William Maley Staff Writer - CheersandGears.com October 9, 2012 The way Tesla sells their vehicles is very different from other automakers. Their seventeen stores are modeled after the Apple Store; most are in malls for anyone to walk in and look at the vehicles. If you want to order a Tesla, you can do an online reservation. This has drawn the ire of dealers and dealer organizations, which have begun legal efforts to make Tesla's factory stores illegal. Their argument: "Tesla's factory-owned stores present unfair competition for rival dealerships, are inconvenient for consumers needing repairs and, if left unchallenged, ultimately threaten the franchise system," acco…
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William Maley Staff Writer - CheersandGears.com October 1, 2012 Automotive News is reporting that Ford and General Motors have signed a memorandum of understanding to jointly develop next-generation nine and ten-speed automatic transmissions. Sources say that General Motors will take the lead on developing the nine-speed transmission for front-wheel drive and transverse applications. Ford will take on the ten-speed for rear-wheel drive applications. This isn't the first time that Ford and General Motors have worked together on transmissions. Back in 2002, the two companies worked together to develop six-speed automatic transmissions for front-wheel drive vehicles. Th…
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William Maley Staff Writer - CheersandGears.com September 26, 2012 The calm before the storm that is the auto show season. The beginning point is the Paris Motor Show which begins tomorrow. However, some automaker have made the decision to reveal some of their products and concepts a day earlier. The automakers include Jaguar, Bentley, and Porsche. Lets dive in Next: Jaguar Jaguar's showing for Paris was the new F-Type. Rumored for many years, Jaguar has finally brought a small, two-seat roadster to the market. Design draws a lot of inspiration from the C-X16 concept shown last year at the Frankfurt Motor Show. The front end features a bulging hood with vents, …
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William Maley Staff Writer - CheersandGears.com September 26, 2012 On the surface, everything seems bright and sunny at Tesla. The company has begun production of the new Model S sedan, introduced a new charging network for Model S drivers that uses solar energy, and is in the process of planning new models. But, Tesla is showing some signs of setbacks of becoming an automaker. In a recent Securities and Exchange Commission filing, Tesla has downgraded their full-year revenue forecast from $550 - $600 million to $400 - $440 million. "We have methodically increased our Model S production at a rate slower than we had earlier anticipated," Tesla said in the filing. Tes…
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William Maley Staff Writer - CheersandGears.com September 18, 2012 McLaren has just dropped the first official images of its P1 design study that will be shown at the Paris Motor Show next week. Called the company's "next generation ultimate supercar", the P1 appears to take the proportions of the F1 supercar and the design of the current MP4-12C. "Our aim is not necessarily to be the fastest in absolute top speed but to be the quickest and most rewarding series production road car on a circuit. It is the true test of a supercar's all round ability and a much more important technical statement. It will be the most exciting, most capable, most technologically advance…
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William Maley Staff Writer - CheersandGears.com September 16, 2012 If you're in the market for a pickup truck, there is some very good news for you. Truck manufacturers are offering rebates ranging from $1,500 to $4,500. So why the large rebates? Well, part of it is to make room for the 2013 models. The other part is due in part to GM. GM's supply of pickup trucks has been growing and growing due in part to the company making sure they have enough supply when they shut down their plants to retool. GM is stuck between a rock and hard place on trying to make sure they have the right amount of trucks. Starting after Labor Day, GM started their semiannual truck promotion…
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William Maley Staff Writer - CheersandGears.com September 16, 2012 This year saw the average price of the used car reach an all-time high due to severe shortage of used vehicles. “The supply right now is so low, that is controlling everything in the used-market values. There just aren’t enough vehicles out there relative to used-car demand,” said Eric Lyman, ALG’s vice president of residual value solutions. However the supply is beginning to increase slowly thanks in part turn-around in new vehicle sales. With this, ALG believes within the next twelve months, the average used-vehicle price will fall 4 to 5%. “We’re seeing sort of a landing back to a normal used-car …
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William Maley Staff Writer - CheersandGears.com September 16, 2012 File this under the 'what are they thinking' file. According to Automotive News Europe, the Italian Industry Ministry is in continuing discussions with different potential buyers in the assets of De Tomaso. Yes, the same company name who brought you the Pantera back in the seventies. Back in 2011, the revitalized company showed a concept called the SLS, which looked like to be a BMW 5-Series GT with a bit of Italian flair. Production of that model would begin soon at a former Pininfarina plant outside of Turin. Except it didn't. De Tomaso was losing money and was soon announced that investment group in…
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William Maley Staff Writer - CheersandGears.com September 4, 2012 With Saab officially bankrupt and its assets sold off, owners of Saab vehicles are now wondering where they should go for their next vehicle. Polk recently released a new study which looked at what former Saab owners now own. The study uses the Polk Disposal Loyalty Methodology, which looks what owners are selling whenever a new car is bought. The study found that Saab owners are moving to a wide variety of manufacturers. Honda is at the top, getting 7.2%. Volkswagen isn't far behind, taking 7%. Audi and Toyota tie for third, both getting 6.3%. Chevrolet rounds out the top five. Source: Polk William …
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William Maley Staff Writer - CheersandGears.com August 28, 2012 Chrysler and General Motors are banning campaign stops for the candidates running for the U.S. President. The banning hopes to sidestep criticism that might stem from the bailout the two automakers got back in 2008. "This fall, Chrysler will not host campaign events inside its facilities. The company is focused on meeting production demands," a Chrysler spokeswoman told Automotive News. “We’re a car company, not a political platform,” a GM spokesman said. Source: Automotive News (Subscription Required) William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandg…
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Trident announced it would finally show its production-ready car in public next month -- the Trident Iceni Grand Tourer, a diesel-powered machine that should hit 200 mph while returning 69 mpg on a variety of fuels. http://autos.yahoo.com/blogs/motoramic/diesel-powered-british-supercar-trident-icini-promises-200-200130777.html While very cool, the $119,000 price tag will keep this to the upper 5% of earners. Cool looking car.
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William Maley Staff Writer - CheersandGears.com August 28, 2012 From the 'oh not this again' file; Spyker and Chinese automaker, Youngman have signed a new agreement for a joint venture to develop new vehicles. The deal has Youngman Automotive investing €10,000,000 (about $12.5 million ) for a 29.9% stake in Spyker. Youngman will also invest €25,000,000 (about $31 million) for the development of an all-new Spyker vehicle, the D8 P2P (Peking to Paris). You might remember this vehicle as the 2006 D12 Peking-To-Paris Concept. This was one of vehicles floated out by Spyker CEO, Victor Muller back in April when he looking for investors for the company. The agreement also …
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William Maley Staff Writer - CheersandGears.com August 20, 2012 Over the weekend, Fisker announced a recall of over 2,000 of its Karma plug-in hybrid sedans due to risk of fires. The recall was issued a couple weeks after a fire engulfed the driver's front side of a Karma sitting a parking lot. Fisker called on the help of Pacific Rim Investigative Services Group to figure out the cause of the fire on August 10. The investigation found the ignition source was a low temperature cooling fan, which “had an internal fault that cause it to fail, overheat and start a slow burning fire.” To keep this from happening again, dealers will replace the cooling fan with an updated…
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William Maley Staff Writer - CheersandGears.com August 16, 2012 Fisker is looking to raise another $150 million to help keep the company afloat. "We need money on our balance sheet" to fund operating expenses. "And we need money to fund the development of the next car," said Ray Lane, a Fisker director and a managing partner at venture firm Kleiner Perkins Caufield & Byers to Reuters."We're raising some of that money now, and some later." The reason for the extra $150 million? Earlier this year, Fisker's request for $264.5 million in government was denied by U.S. Department of Energy. Couple that with development costs of the new Atlantic and production costs of…
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William Maley Staff Writer - CheersandGears.com August 21, 2012 Tesla's CEO, Elon Musk recently gave an interview with Automobile Magazine talking about the company and what lies ahead. Musk also took the opportunity to rip into Fisker. “It’s a mediocre product at a high price. The car looks very big, and yet it has no trunk space and is very cramped inside, particularly in the rear seats.” Musk also spoke out against Fisker founder, Henrik Fisker. “The fundamental problem with Henrik Fisker — he is a designer or stylist…he thinks the reason we don’t have electric cars is for lack of styling. This is not the reason. It’s fundamentally a technology problem. At the sa…
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William Maley Staff Writer - CheersandGears.com August 14, 2012 A new study conducted by Maritz Research finds that 11.4% of new car buyers are skipping the test drive. The implication for skipping the test drive are due to more consumers doing their research on the internet (8 out of 10 consumers the study found) and the universal dislike of the car sales practice. "I just find it quite fascinating and a little baffling. As cliché as perhaps it sounds, there's that new-car smell that needs to be experienced firsthand and cannot be experienced over the Internet," said Chris Travell, vice president of strategic consulting for Maritz Research. Dealers aren't happy wit…
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More here: http://blog.caranddriver.com/iihs-adds-new-frontal-crash-test-most-cars-expected-to-perform-poorly/
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William Maley Staff Writer - CheersandGears.com August 10, 2012 Suzuki's presence in the U.S. is, um lackluster. However in other parts of the world, Suzuki is a major player. So whenever the company shows off a new vehicle or concept, that means its not for the U.S. However, a vehicle that will make its premiere at the Paris Motor Show could be arriving to the U.S. Suzuki has released two teaser images of the S-Cross concept, a small crossover. Suzuki says that the S-Cross has a "Emotion x Quality x Aerodynamics" design that uses "distinctive dynamic lines that start on the front bumper, sweep across the doors, and continue to the rear of the body." The S-Cross make…
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William Maley Editor/Reporter - CheersandGears.com August 6, 2012 If you're one of those people who wanted a H1, or the actual wartime vehicle that inspired it, have we got some news for you. After a twelve year break from the civilian market, AM General is reportedly set to offer a kit-car of the C-Series HMMWV, or Humvee. The kit will meet U.S. government regulations and has been made possible by a deal with GM. The kit will include a body with 2,800 installed rivets, chassis with springs, cross members, geared hubs, half-shafts, differentials, a cooling package, two fuel tanks, and a soft top with soft doors. The only items you need to add is the engine and transm…
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William Maley Staff Writer - CheersandGears.com August 7, 2012 New legislation introduced into the House and Senate this week aims to end rental car companies renting or selling vehicles that are under recall. The legislation, co-sponsored by U.S. Sens. Dianne Feinstein (D-Calif.) and Barbara Boxer (D-Calif.) want to prohibit the rental of vehicles under a safety recall. The bill was introduced after two people were killed in 2004 when their unrepaired recalled Chrysler PT Cruiser,rented from Enterprise, caught fire and crashed. Rental car companies have been under immense pressure for some time to make these rules standard. Earlier this year, Boxer sent a letter ou…
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William Maley Staff Writer - CheersandGears.com August 2, 2012 According to research firm Baum and Associates, American buyers are taking a liking to diesel vehicles. Through June of this year, 61,214 diesel-powered vehicles have been sold in the U.S., an increase of 27.5%. That number might not sound like a lot, but sales of diesel vehicles are steadily climbing. From April to June, Diesel vehicles saw increases in sales ranging from 14.4% to 28.2%. This news comes in the face of the high price of a gallon of diesel compared to gas. AAA reports that the national average cost of a gallon of diesel is $3.780, compared with $3.521 a gallon for regular gas. "Despite so…
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William Maley Staff Writer - CheersandGears.com July 26, 2012 This week, Tesla announced that it's considering boosting production of its Model S sedan to 30,000 units in response to a waiting list that stretches for 10-11 months. Tesla CEO Elon Musk said in a conference call with analysts that the company is expecting to sell 5,000 Model S sedans by the end of 2012, with 20,000 sales expected next year. That could increase to 30,000 with the addition of a second shift. Currently, Tesla has 12,200 reservations for the Model S sedan. "Our key objective for the rest of the year is to ramp production with a focus on quality and to rollout the Model S experience to a bro…
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William Maley Staff Writer - CheersandGears.com July 19, 2012 With the advent of ever-tightening fuel economy and emission standards, no automaker is safe, not even boutique luxury automakers like Aston Martin. Consider this, besides the Aston Martin Cygnet which is a Scion iQ in drag, the rest of the Aston Martin lineup comes with either a V8 or V12 engines. Aston Martin has reduced the emissions of its engines by 25% over the past six years, but that might not be enough. Aston Martin head Ulrich Bez recently revealed to Autocar the company is open to downsizing their engines. “The job is not complete. Four or even three cylinders are possible. If the spirit of the…
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William Maley Staff Writer - CheersandGears.com July 17, 2012 The current Suzuki SX4 is going on six years and its beginning to show its age. Suzuki knows this and is working on the next generation SX4. Some new spy shots show how much progress Suzuki has made on the next SX4. The next SX4 appears to be much larger than the current model, thanks to larger greenhouse. Other design changes include a new grille and headlamps. There also appears to be a large intercooler that is hiding behind the lower fascia, meaning the next SX4 could be packing a turbo engine. This is a play for fuel economy and not performance. Source: Autoblog William Maley is a staff writer for C…
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William Maley Staff Writer - CheersansGears.com July 12, 2012 From the we're a bit skeptical on this file; Autocar had the chance to talk with Tesla’s chief designer, Franz von Holzhausen. von Holzhausen told the magazine that work on a new model has begun and will be an entry level model. “The third model will continue to drive down the price point as fast as possible,” said von Holzhausen. von Holzhausen goes onto say the new model will have more distinctive styling than recently released Model S. "We will become more experimental as we develop as a brand. Our cars need to have some personality.” Source: Autocar William Maley is a staff writer for Cheers & G…
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William Maley Staff Writer - CheersandGears.com July 10, 2012 In 1939, Oldsmobile introduced the first automatic transmission dubbed Hydra-Matic. Hydra-Matic came four forward gears and a reverse gear. Fast forward 73 years and we have vehicles with six, seven, and even eight-speed automatics. And then there is the talk about vehicles getting nine and even ten speed transmission. This of course has the peanut gallery making comments of when we're going to see an eighteen-speed transmission. "We are coming close to the limit," said ZF North American president Julio Caspari. Caspari believes automakers are adding more gears for marketing and not for fuel efficiency gai…
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William Maley Staff Writer - CheersandGears.com July 5, 2012 The Highway Loss Data Institute, part of the Insurance Institute for Highway Safety (IIHS), released a study this week looking into crash avoidance technology. The results are a bit surprising. The study looked property damage liability (PDL) claims, meaning drivers who had a accident with another vehicle. The study also limited the number of manufacturers in the study to four; Buick, Mazda, Mercedes-Benz, and Volvo. Unsurprisingly, vehicles equipped with crash avoidance systems saw a decrease in claims as high as 14%. Also, vehicles equipped with adaptive headlamps saw a 10% drop. The surprise is with the…
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So the latest report came out with software bugs being the biggest complaint now. One interesting note is that Mini is still at the bottom of the quality pile and for those that talk about how Great MB and BMW are, Caddilac again beats them on Quality. So what gives, is this just bashing to bash or is the study that flawed? http://autos.yahoo.com/blogs/motoramic/key-car-quality-study-ranks-software-bugs-most-170243393.html Sound off and tell me what you think!
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William Maley Staff Writer - CheersandGears.com June 29, 2012 Today, BMW and Toyota unveiled more of their plans from their partnership announced last December. The plans include development of a hydrogen fuel-cell system, collaboration on electric powertrains, work on lightweight technologies, and development of a new sports car. "Toyota and the BMW Group share the same strategic vision of sustainable individual future mobility. Together we have a great opportunity to continue leading our industry through this transformation," said Norbert Reithofer, BMW's Chairman of the Board. "Toyota is strong in environment-friendly hybrids and fuel cells. On the other hand, I b…
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William Maley Staff Writer - CheersandGears.com June 28, 2012 The average age of a vehicle in the U.S. has hit a record high. According to Experian Automotive, the average age of the 245 million vehicles registered in the U.S. during the first quarter of 2012 was 11 years. That's an increase of just over 2 months when compared to last year. Experian Automotive goes onto say that more than 52 million cars and trucks in the U.S. are 16 years or older. Experian Automotive's analysis also found that Ford has the most models on the road compared to any other automaker. That really shouldn't come as a surprise since the Ford F-150 has been the best-selling vehicle in the U…
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William Maley Staff Writer - CheersandGears.com June 21, 2012 The EPA gave its ratings for the Tesla Model S are they are very good. The EPA rates the new Model S at 88 MPGe (miles per gallon equivalent) in the City, 90 MPGe on the Highway, and 89 MPGe combined. Range is estimated to be 265 Miles, a 12% decrease from Tesla’s original estimate. (Note, these EPA ratings are for the the top of the line Model S. We’ll learn what the ratings for the other Model Ss in time.) So where does the Model S fall into the EV MPGe ratings? Well it's behind the Honda Fit EV (118 MPGe), Mitsubishi i (112 MPGe), Ford Focus EV (105 MPGe), and Nissan Leaf (99 MPGe). But well ahead of …
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William Maley Editor/Reporter - CheersandGears.com April 2, 2012 The National Highway Traffic Safety Administration has opened investigations into the 2011 Chevrolet Cruze and the 2010 Jeep Wrangler for engine fires. The government agency received two complaints about fires on the Cruze and eight for the Wrangler, with some owners reporting their vehicles were completely destroyed. In the two complaints for the Chevrolet Cruze, both reported the fires began while the vehicle was in motion. A Cruze Eco owner reported seeing smoke coming from the engine bay, and the vehicle was completely engulfed in flames five minutes after coming to a stop. In the eight complaints …
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William Maley Editor/Reporter - CheersandGears.com June 7, 2012 Tesla's sales and financials have been taking a plunge since the company pulled the plug on their only model, the Roadster last year. However, the company has great hopes for improvement when the new Model S is launched. Tesla CEO Elon Musk told shareholders yesterday that he is “highly confident” that the company will achieve sales of 20,000 vehicles in 2013. The Model S, which will start at $57,400 (before a $7,500 federal tax credit), will initially be offered in the U.S.. Tesla will then expand availability to Europe and Japan in six months, followed by China next year. Tesla will also begin to offe…
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William Maley Staff Writer - CheersandGears.com June 21, 2012 Despite an early showing yesterday, Aston Martin has officially revealed the new Vanquish. The Vanquish will take the place of the DBS when it goes on sale in 2013. The Vanquish’s exterior design is a blend of the current DBS and Aston’s One-77 super car. Underneath the sleek design, the Vanquish’s body is comprised mostly of carbon fiber. As we reported on Tuesday, the new Vanquish will ride on Aston Martin’s venerable VH platform, which has underpinned almost every Aston Martin since the early 2000s. Aston Martin says the new Vanquish is 25% stiffer than the outgoing DBS. Power will come from a 6.0L V…
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William Maley Staff Writer - CheersandGears.com June 19, 2012 The internet is a wonderful place for things to leak out before their official debut. The latest leak comes from Aston Martin as their new flagship, the Vanquish was revealed before its official debut. From the few pictures that were leaked, the Vanquish appears to be mix of the current DB9 and some new designs. Under the body lies a heavily revised version of Aston Martin’s VH platform. Power will come from a revised 6.0L V12 engine producing 565 HP and 457 lb-ft of torque. Power will be sent to a six-speed "Touchtronic 2" automatic transmission. Reportedly, the Vanquish will hit sixty in 4.1 seconds and …
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http://editorial.aut...icid=autos_2964 Very Cool Auto and worth watching. [media=] [/media]Enjoy the SuperBus
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William Maley Editor/Reporter - CheersandGears.com June 11, 2012 Apple's 2012 Worldwide Developer's Conference keynote is coming to a close as you're reading this, and among the announcements of iOS6 and new laptops, Apple is making their way into the vehicle once again via a button. Called Eyes Free, its a button on the steering wheel that will activate Siri on your iPhone or iPad in the vehicle. Most likely paired with Bluetooth, Eyes Free will let you talk to Siri through the car, giving you access to information without taking your hands or eyes off the road. Nine automakers; BMW, General Motors, Mercedes-Benz, Land Rover, Jaguar, Audi, Toyota, Chrysler, and Hond…
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William Maley Editor/Reporter - CheersandGears.com June 8, 2012 Transportation secretary Ray LaHood has made it his mission to end distracted driving, calling it an “epidemic.” To help end it, LaHood and Department of Transportation has unveiled their Blueprint for Ending Distracted Driving. The blueprint calls for: Get the last eleven holdout states to pass laws banning distracted driving. Challenge the auto industry to not provide vehicle content that the government considers distracting. Educate young people about the perils of distracted driving. Continue a public education campaign that "Provides all stakeholders with actions they can take that go beyond p…
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William Maley Editor/Reporter - CheersandGears.com June 3, 2012 With gas prices going up and up, automakers are offering fuel-efficient versions of their compact cars to help stretch a gallon of gas farther. Consumer Reports wanted to see if these fuel-efficient compact models are worth the extra $500 - $800 from their non fuel-efficient models. They picked up a Chevrolet Cruze Eco, Ford Focus SFE, and Honda Civic HF to test the claim. Each of the vehicles were equipped with an automatic transmission. The Civic HF and Focus SFE is rated at 33 MPG combined, and the Cruze Eco is rated at 31 MPG combined. CR found in their testing the Civic HF got the highest combined …
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William Maley Editor/Reporter - CheersandGears.com May 29, 2012 Last fall, the Department of Transportation and eight automakers began a study to assess drivers' acceptance of accident-avoidance technologies. The study, called the Connected Vehicle Safety Pilot Program put people on closed roads in cars that were equipped with the technologies and asked what did they think about it. Out of the 688 participants in the study, 92% wanted the technology in their vehicles and more than 90% believed it would improve the safety of driving in the real-world. These numbers covered most age ranges. But there is a catch. A majority of drivers said they wouldn't pay a modest amo…
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William Maley Editor/Reporter - CheersandGears.com May 31, 2012 Despite the fullsize car getting a kick in the pants with vehicles like the Chevrolet Impala, Toyota Avalon, and Ford Taurus, the fullsize car is becoming an endangered species. R.L. Polk & Co reports that the fullsize sedan market has seen its relevance halved. Fullsize sedans have seen their market share drop from slightly above 5% of all vehicles sold in 2006 to just 2.3% in the first three months of this year. Also, the number of full-size vehicles on sale has dropped from fifteen to seven. R.L. Polk & Co points to rising gas prices, the discontinuation of makes (i.e. Pontiac, Mercury) and ce…
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William Maley Editor/Reporter - CheersandGears.com May 21, 2012 The annual "Car Wars" report by Bank of America Merrill Lynch states that Ford, General Motors and Toyota will gain back share and that Hyundai and Kia will lose share by 2016. The report is based on the rate at which automakers launch new products. Ford has the highest rate with 26% of the lineup being replaced by 2016. GM follows next with 25% and Toyota is next with 24%. The report says with these replacement rates, Ford should gain 0.8% of market share, GM with 0.5%, and Toyota with 0.3%. The big losers? The report says that will be Hyundai and Kia since they do not have a high replacement rate. The…
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Industry News: Senate Passes Mandatory Black Boxes In Vehicles By 2015, House Expected To Follow 1 2 3
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William Maley Editor/Reporter - CheersandGears.com May 15, 2012 Its been working its way through the halls of congress, but according to Car and Driver, the "black box" mandate for cars could be in the books. The Senate has already voted to adopt a transportation bill that has a provision mandating event data recorders to be equipped into new vehicles starting in 2015. The House of Representatives is considering a version with slightly different language. The current state of the bills are "vague". In the Senate version, the bill states that devices must “capture and store data related to motor vehicle safety” and release this information to an “interoperable data acc…
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William Maley Editor/Reporter - CheersandGears.com May 15, 2012 Tesla announced this week they will begin to pay back their loans from the U.S. Government later this year. Tesla chief financial officer Deepak Ahuja told Bloomberg this week, "We are delivering on the milestones, what we're committed to...once we are delivering customer cars, that signifies completion of the project". This suggests once Tesla begins delivering the new Model S sedan out to customers, they will begin paying back the Department of Energy loans. Tesla also announced this week that the first Model S sedans will begin flowing out to customers in June, a month ahead when they originally put …
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William Maley Editor/Reporter - CheersandGears.com May 17, 2012 Fisker has a lot of problems: money, delays, and an investigation into a Karma fire are just some of them. And it doesn't look like the problems are going to end soon. Inside EVs got their hands on some leaked documents that were dated "a few weeks ago" dealing with the new Atlantic sedan. First the bad news. Originally, Fisker said that production would begin in late 2012 before hitting the market in early 2013. The leaked document states “negotiations with the DoE have become more complicated and are expected to take longer than originally expected”, delaying the Atlantic’s 2013 launch by several months…
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William Maley Editor/Reporter - CheersandGears.com May 11, 2012 Automotive legend Caroll Shelby passed away last night at the age of 89 after a lengthy illness at the Baylor Hospital in Dallas, TX. Shelby's shadow extended nearly across automotive world. In the fifties, Shelby was a highly accomplished racer. He would win three U.S. sports-car championships, the 1959 24 Hours of Le Mans, and set land speed records at Bonneville. However, a heart condition in 1960 would cause him to stop racing. But that didn't stop Shelby. During the sixties, Shelby would be known for building the Shelby Cobra and his partnership with Ford, building the Shelby GT350 and GT500 Mustang…
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William Maley Editor/Reporter - CheersandGears.com May 11, 2012 According to the National Highway Traffic Safety Administration, traffic deaths are at their lowest levels since 1949. NHTSA's preliminary numbers show an estimated 32,310 people died in traffic accidents last year, a 1.7% drop from 2010 where 32,885 people died. Deaths in traffic accidents has been decreasing by 26% since 2005. New England and the Great Lakes region saw the biggest decrease in car accident deaths in 2011, with the former down 7.2% and the latter down 3.3%. California, Arizona, and Hawaii saw a 3.3% increase. AAA says the decrease is due several factors, primarily being motorists drove …
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William Maley Editor/Reporter - CheersandGears.com May 8, 2012 Almost a year after the state of Nevada approved legislation to allow tests of self-driving vehicles on public roads, the state has issued its first license for a self-driving vehicle. The vehicle in question is Google's autonomous Toyota Prius, which has currently logged 140,000 miles and one accident. The accident was caused when a car driven by a person bumped into the back of Google's autonomous car. Google hopes with these tests to dramatically reduce or eliminate these types of incidents. The Prius will wear a red license plate, with an infinity sign on it next to the number 001. Source: BBC V…
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William Maley Editor/Reporter - CheersandGears.com May 8, 2012 More bad news for the Fisker Karma. A fire which engulfed a Fisker Karma and caused damage to house in Sugar Land, Texas is now be pointed at as the cause. Chief fire investigator for Fort Bend County, Texas, Robert Baker told Autoweek that he belives the Fisker Karma started the fire. “Yes, the Karma was the origin of the fire, but what exactly caused that we don't know at this time,” Barker said. Barker says the owner pulled into the garage with the Fisker and walked away. Three minutes later, the vehicle was engulfed in flames. The vehicle reportedly wasn't plugged in at the time and the battery was i…
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William Maley Editor/Reporter - CheersandGears.com April 29, 2012 This past week at the SAE World Congress in Detroit, Google says that self-driving cars can be on U.S. roads within the next few years. We don't know what it's going to take to show its safer than a driver. It's much sooner than the next decade," said Google project manager Anthony Levandowski. Levandowski revealed that Google is in talks with auto makers and suppliers about working with them on the technology. "All options are open. From giving the technology away to licensing it to working with Tier 1s, Tier 2s, working with the OEMs, building a car with them, everything is open and we're trying to …
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William Maley Editor/Reporter - CheersandGears.com May 1, 2012 From the Twilight Zone file: USA Today reports that 6.5% of new vehicles sold in the first quarter were equipped with a manual transmission, which is more than double of vehicles sold with them in 2007. It's also the highest amount since 2006 when 7.2% vehicles were sold with manual transmission. The take rate is more impressive when you take into account that 19% of the 2,360 different models on sale offer a manual. The increase is attributed to the lower prices of manual transmission vehicles, fun factor, and ease of operation. The increased interest of manual transmissions by buyers have surprised aut…
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William Maley Editor/Reporter - CheersandGears.com April 22, 2012 Ex-Saab CEO Victor Muller on-again, off-again affair with the sports car company he started, Spyker appears to be back on. During Muller’s tenure at Saab, Spyker was put up for sale to the highest bidder. A few companies were interested, but none bit, which has become a blessing in a disguise. Since Saab has bid adieu, Swedish Automotive has changed its name to back to Spyker. Now, Muller has some big plans in store. De Telegraaf is reporting Muller wants to see Spyker’s production reach 1,000 units annually. Last year, Spyker built only 12 of its C8 supercars. Muller also wants add models to Spyker’…
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William Maley Editor/Reporter - CheersandGears.com April 18, 2012 New analysis from TrueCar, an online research firm, shows the average transaction price of new cars are on the rise. TrueCar looked at sales data from last month and found that the average price was 30,748, a rise 6.9% over the previous year. So why the increase in average price? The answer lies in the options list. Consumers are ticking more boxes on the list like never before, with the average new car being very close to “fully loaded.” For example, Ford’s president of the Americas, Mark Fields recently told investors that the Focus is selling for an average of $3,100 more per car than the previous …
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William Maley Editor/Reporter - CheersandGears.com April 16, 2012 To say Suzuki is hurting would be a large understatement. The brand is showing many signs of trouble which include, Suzuki's first quarter sales totaled 6,561 vehicles, a drop of 2% over last year. Meanwhile, in the same quarter, the market rose 13%. Suzuki skipped the Los Angeles and Detroit Auto Show Suspended their social media activity (i.e. Facebook & Twitter) two months ago Steve Younan, the top U.S. product planning and marketing executive, left in January and will not be replaced. Suzuki hasn't aired a ad nationally since 2009 In January, Suzuki stopped getting data from J.D. Powe…
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William Maley Editor/Reporter - CheersandGears.com April 20, 2012 The bad news is solidering on at Fisker Automotive. A few weeks after showing the new Atlantic concept, the company let go twelve people at their Delaware plant. This is second time this year that Fisker has laid off people at the plant. Back in February, Fisker laid off twenty-six employees due to the company not meeting the Department of Energy’s contractual milestones for their loans. Today, Fisker employs only a small maintenance team at the site "protecting plant assets and maintaining the facility," said Fisker spokesman Russell Datz to The News Journal. "We have always had a flexible business mo…
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William Maley Editor/Reporter - CheersandGears.com April 19, 2012 The diesel car, once considered the dirtiest and worst powertrain in America, is making a large comeback. According to statistics gathered by the Diesel Technology Forum, diesel vehicles sales are up 35% in the first quarter of 2012. A trend since diesel sales were up 27% the year before. By comparison, the overall U.S. auto market is up 13.% in the same time, and hybrid sales increased 37.2%. In the big picture, diesels captured 3% of the total U.S. market. That might not seem like a lot, but when compared to hybrids which has seen their total drop from 2.7% to 2.1% in three years, its a lot. So why …
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William Maley Editor/Reporter - CheersandGears.com April 12, 2012 The National Highway Traffic Safety Administration has announced has announced plans to update the agency's current vehicle safety standards to include a mandatory brake-throttle override system. The system would ensure that the brake will overpower the gas pedal when the two are applied at the same time and bring the car to a stop. The hope is to curb the amount of unattended acceleration cases. The new standards will apply on all cars, trucks and buses regardless of weight. "America's drivers should feel confident that anytime they get behind the wheel they can easily maintain control of their vehicl…
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William Maley Editor/Reporter - CheersandGears.com April 9, 2012 A new study published by R.L. Polk said only a third of hybrid owners bought another in 2011. The study showed that only 35% of hybrid owners bought another. Take out the most popular hybrid, the Toyota Prius and the number falls to 22%. Brad Smith, director of Polk's loyalty management practice told Automotive News the biggest problem for hybrid vehicles is the advancements made with conventional gas engines. "The premium price points for hybrids are just too high when so many conventional small and mid-size cars have improved fuel economy," Smith said. However, hybrid vehicles are making an impact f…
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William Maley Editor/Reporter - CheersandGears.com April 10, 2012 The self-driving car; a dream that has talked about and tested for many years. But the dream could be a reality by 2020 according to a former GM R&D Chief. Larry Burns, former head of GM’s r&d division spoke yesterday at University of Michigan Robotics Day said predicted that self driving vehicles will be on U.S. roads by the year 2020. Burns goes even farther, saying the tech needed for self-driving will be available in 2015. “By 2015 we’re going to have auto companies selling features that are akin to cruise control on steroids. We’re in this five- to 10-year window when it’s going to be rea…
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http://bottomline.msnbc.msn.com/_news/2012/04/05/11038136-ferdinand-porsche-sports-car-designer-dies?lite
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The Fisker Atlantic, which debuted this week at the New York Auto Show, could built somewhere else besides their facility in Wilmington, Delaware. "The whole plan has changed," said Fisker CEO Tom LaSorda to Automotive News. "Wilmington is our primary site…but there are other options. We have to look at what's best for the company and the shareholders." LaSorda went onto say that a decision on where the Atlantic will be built will be made by the end of summer. This would cause another delay on the vehicle, which was set to begin production sometime within the second half of 2012. Asked if Wilmington was chosen, how fast could Fisker get the facility up and running, LaS…
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William Maley Editor/Reporter - CheersandGears.com March 16, 2012 This week, Senators on the Energy and Natural Resources Committee criticized the Energy Department on their handling of the $25 billion Advanced Technology Vehicle Manufacturing initiative. Created in 2007, the Energy Department has only given out less than half of the funds during the four years of existence. Only four companies have gotten their loans; Ford, Nissan, Fisker Automotive, and Tesla. The Energy Department hasn’t given out any loans within two years and that has caused many companies to drop out. Sen. Lisa Murkowski, R-Alaska, said many companies have expressed deep frustration about not …
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William Maley Editor/Reporter - CheersandGears.com March 15, 2012 The hopes and dreams of having a small diesel Indian pickup in the U.S. are now put to rest. A British arbitration panel ruled in favor of Mahindra, the pickup truck maker in question in a lawsuit with their U.S. distributor, Global Vehicles. The panel said in their verdict the contract between the two companies had expired and that Mahindra had not violated the terms of the contract or any U.S. laws. This verdict ends a six year saga between the two companies which began back in 2006 when the two announced that Global Vehicles would distribute Mahindra’s T20 and T40 compact diesel pickups in America. …
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William Maley Editor/Reporter - CheersandGears.com March 14, 2012 Back in 2008, then Presidential candidate Barack Obama made a pledge to have a million electric vehicles on the nation’s roadways by 2015. Obama reiterated that pledge during his 2011 State of Union address. But a new report from the White House called the “One Year Progress Report” of the President’s “Blueprint For A Secure Energy Agenda” shows the goal won't be reached. President Obama stated last year that “with more research and incentives, we can break our dependence on oil with biofuels, and become the first country to have a million electric vehicles on the road by 2015.” The plan assumed elect…
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William Maley Editor/Reporter - CheersandGears.com March 13, 2012 Even after its release, Fisker has been having their share of problems with the new Karma; battery defects, software problems, and Consumer Reports having their Karma die during their testing. A former Fisker employee isn't surprised. The employee told GigaOM that Fisker pushed the Karma before it was production ready to try and meet its milestones from the Department of Energy for its $529 million loan. Unfortunately, the report and the source didn't go into details. When asked for comment, a Fisker spokesperson said, “Quality and customer satisfaction are the top priority for Fisker Automotive. Wit…
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Industry News: Amidst Falling Sales, Republicans Turn Chevrolet Volt Into Political Scapegoat
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G.Noble Editor/Reporter CheersandGears.com March 10, 2012 Life hasn’t exactly been easy for the Chevrolet Volt. Although it was just recently named 2012 European Car of the Year in Opel Ampera guise, GM announced previous to the awarding they were suspending production for little over a month because of slow sales and dealers rejecting further allotments. On top of that, the Volt has had some image issues stemming from the NHTSA’s disclosure late last year about how an example they t-boned caught fire some three weeks after it was tested in May 2011. It’s only insult to injury then Republican politicians have turned to bashing the Volt in debates and interviews, asso…
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William Maley Editor/Reporter - CheersandGears.com March 8, 2012 Carbon Motors, the company behind the purpose-built E7 police vehicle will not be getting any of the $310 million in U.S. Department of Energy loans under the Advanced Technology Vehicle Manufacturing (ATVM) program that it applied for almost three years ago. Carbon Motors CEO William Santana Li says the company is a victim of politics. “We are outraged by the actions of the DOE and it is clear that this was a political decision in a highly-charged, election year environment. Since Solyndra became politicized last fall, the DOE has failed to make any other loans under the ATVM program, has pulled back on…
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William Maley Editor/Reporter - CheersandGears.com March 8, 2012 Yesterday, President Barack Obama announced a new proposal that would make alternative-energy cars and trucks more attractive to buyers. Part of his proposal calls on Congress to change the current tax credit for plug-in vehicles into a point-of-sale rebate. Also he is calling for an increase in the maximum credit from $7,500 to $10,000. But plug-ins won't be the only vehicles getting a tax credit. Obama said he would like to see a tax credit for buyers of electric and natural gas powered commercial trucks, including semis.The credit would be 50% of the additional cost for a electric or natural gas truc…
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Morgan has barely brought back the Plus 8, and they have already swapped the V8 out of one of the cars to make an electric vehicle. It actually sounds kinda nice to have an electric car that looks that cool, but it loses 273 hp in the transformation. Of course that doesn't matter too much because all traditional Morgans are beautiful: http://www.autominde...ectric-roadster
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William Maley Editor/Reporter - CheersandGears.com March 1, 2012 The Fisker Karma sports some sleek lines and daring proportions for an plug-in hybrid vehicle. The one it doesn’t sport is space. One only needs to see the Karma’s trunk to realize how much of a priority the design took over the space. However, at last year’s Frankfurt Motor Show, Fisker showed off the Surf concept. The Surf takes a regular Karma and extends its roofline with a hatchback/wagon/shooting brake body style to give it more space. Word has it that Fisker has green lit the Surf for production and will be shown at the Paris Motor Show in September. Source: Autoweek View full article
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William Maley Editor/Reporter - CheersandGears.com February 28, 2012 To say Fisker Automotive has been living in interesting times could be an understatement. Their first vehicle, the Karma only starting arriving back in December, when it was actually due out months earlier. Then in February, the company halted work on the Nina family sedan at their Wilmington, Del plant. That was due to them and Department of Energy hashing out new terms of a $529 million loan. Now, Fisker has announced that board member and vice chairman Tom Lasorda will become their new CEO. Lasorda, a former CEO, President and Vice Chairman of the Chrysler Group joined Fisker last December. “I a…
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William Maley Editor/Reporter - CheersandGears.com February 17, 2012 Distracted Driving is a topic that’s on everybody's minds, and with good reason. Newer vehicles are packed with more technology; ranging from touchscreen infotainment systems options to voice-controlled applications to smartphone integration. It comes as no surprise that the U.S. DOT Secretary Ray LaHood, the man who is leading the Distracted Driving cause has announced a new set of proposed guidelines for automakers to limit the use of in-car tech solutions that are "not directly relevant to safely operating the vehicle, or cause undue distraction by engaging the driver's eyes or hands for more than…
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February 14th, 2012 - Drew Dowdell - CheersandGears.com Michiganers will soon be able to get around a little faster without risking a speeding ticket. The US Department of Transportation has approved Amtrak to run 80 miles of the 97 mile section between Kalamazoo, MI and Porter, IN at 110mph, the first such service outside of Amtrak's North East Corridor. This move comes after the successful implementation of Incremental Train Control System (ITCS) along this section of the route. The two routes that use this section of line are Amtrak's thrice round trip daily Wolverine service, service Ann Arbor, Detroit, and Pontiac to the east and Chicago to the west, and the Amtrak …
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William Maley Editor/Reporter - CheersandGears.com February 17, 2012 Distracted Driving is a topic that’s on everybody's minds, and with good reason. Newer vehicles are packed with more technology; ranging from touchscreen infotainment systems options to voice-controlled applications to smartphone integration. It comes as no surprise that the U.S. DOT Secretary Ray LaHood, the man who is leading the Distracted Driving cause has announced a new set of proposed guidelines for automakers to limit the use of in-car tech solutions that are "not directly relevant to safely operating the vehicle, or cause undue distraction by engaging the driver's eyes or hands for more than…
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William Maley Editor/Reporter - CheersandGears.com February 16, 2012 President Obama has a goal of getting a million plug-in vehicles on U.S. roads by 2015. Last year during his State of the Union address, Obama talked about changing the current $7,500 tax credit into a point-of-purchase rebate. That hasn’t happen at the moment, but in the President's proposed budget that was released this week, Obama is trying another way to reach his goal; raising the tax credit to $10,000. To go along with this push, the budget calls for cutting more subsidies that Big Oil currently enjoys. Opponents of the President disagree with this move, calling it a "campaign document" that w…
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http://www.insideline.com/features/do-kids-hate-cars.html a great summation about where it's at...... phones are more important than cars..... and cars are not connecting with the young set, and they are too expensive, and probably not fun enough......
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William Maley Editor/Reporter - CheersandGears.com February 14, 2012 Tesla’s first car, the Roadster had to bow out last year due to Lotus choosing to end production of its own Elise and Exige sports cars, which the Roadster was based on. Since then, Tesla has promised a sequel to the Roadster, but it might be a long wait. Inside Line spoke with Tesla Chairman and CEO Elon Musk about the next Roadster. Musk said he's decided to hold up on a replacement roadster for now. The reason isn’t technical, but business. Musk said the company is going to put their focus on launching the "Gen 3" electric car, a smaller, less-expensive EV for the mass market. Musk says he hopes t…
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William Maley Editor/Reporter - CheersandGears.com February 11, 2012 Former President George W. Bush spoke this week to a gathering of auto dealers. During his speech, Bush defended his decision on bailing out Chrysler and General Motors. "I'd do it again. I didn't want there to be 21 percent unemployment," Bush told dealers. Bush told dealers he believed in the free market and in normal conditions, automakers and other businesses should have been allowed to fail. "If you make a bad decision, you ought to pay," Bush said. "Sometimes circumstances get in the way of philosophy." In late December 2008, Bush agreed to a $17.4 billion bailout for GM and Chrysler as part…
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G. Noble Editor/Reporter CheersandGears.com Friday, 10th February, 2012 If you're waiting for the sting of high gas prices to go away soon, you may be in for one hell of a long wait. Gas prices are back at a national average of $3.48 a gallon -- a whole 36 cents more than the average during February of last year -- and are set to climb an entire 60 cents or more by May. Tom Kloza of the Oil Price Information service expects prices to top out at $4.05 a gallon, although some markets could see prices go even further beyond that. "I think it's going to be a chaotic spring, with huge price increases in some places," said Kloza. Of course, gas prices do tend to rise some…
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William Maley Editor/Reporter - CheersandGears.com February 10, 2012 Earlier this week, Fisker announced they had temporarily halted work on Nina family sedan at the Fisker Automotive plant in Wilmington, Del. The temporary halt is due to Fisker and the federal government hashing out new terms of the company’s $529 million Department of Energy loan. The halt has caused Fisker to layoff 26 people at its Delaware plant and a number of contract engineers at Fisker's Anaheim, Calif., headquarters. So why is the federal government and Fisker renegotiating details about the loan? Well, the Department of Energy’s load had certain deadlines, or milestones for Fisker to meet w…
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William Maley Editor/Reporter - CheersandGears.com February 10, 2012 Last night, Tesla introduced their next vehicle, the Model X. Based on on an extended platform of the 5+2 passenger sedan, the Model S, the Model X is a seven passenger crossover EV. Design of the Model X takes a Model S, enlarges it, and adds the back end of the BMW X6. The signature design feature of the Model X is what Tesla is calling falcon-wing doors, a two-piece articulated gullwing door. The trick with the falcon-wing doors is their ability to fold in while opening, thus making it easier to exit in tight spots. Like the Model S, the Model X will be offered with different battery sizes (60 an…
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William Maley Editor/Reporter - CheersandGears.com February 10, 2012 The House Science Committee approved a bill on Tuesday that bars the EPA from going forward with E15 till further studies are done. The bill sponsored by Rep. James Sensenbrenner (R-WI), was passed by a 19-7 vote as members voted along party lines. Automakers and and corn growers have clashed over E15, which is made from 15 percent corn-based ethanol biofuel since 2010. The EPA has allowed E15 use in 2001 and newer vehicles, but various interest groups, including Alliance of Automobile Manufacturers, the American Petroleum Institute protested. "This bill will halt EPA's rush to introduce mid-level…
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William Maley Editor/Reporter - CheersandGears.com February 6, 2012 Do you want a billion dollars? Well, all you need to do is build 60,000 cars that get 100 MPG and the U.S. government will send a check your way if a new bill is passed. Representative Dan Lungren ® of California's 3rd Congressional District has introduced a bill into Congress called the Excellence in Energy Efficiency Act of 2012. If the bill is passed, the legislation would have the Secretary of Energy "establish a program to award a prize in the amount of $1,000,000,000 to the first automobile manufacturer incorporated in the United States to manufacture and sell in the United States 60,000 mid-siz…
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William Maley Editor/Reporter - CheersandGears.com February 1, 2012 2011 was a good year for the domestics. Chrysler, Ford, and General Motors saw their market share grow. But, a new report from Bloomberg says the Big Three could see a drop in 2012. Sales for 2012 are expected to grow from 12.8 million vehicles last year to 13.6 million, but competition from the Koreans and a recovery of the Japanese automakers mean those sales sales aren't likely headed to the Big Three. Bloomberg asked five analysts to predict market share for automakers in 2012 and their predictions put the U.S automakers losing 1.3% for 2012. Analysts see GM dropping 0.6%, Ford dropping 0.5%, and…
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William Maley Editor/Reporter - CheersandGears.com January 30, 2012 Just as we got to the point of everyone agreeing that 54.5 MPG was an attainable goal for 2025, the California Air Resources Board (CARB) has decided to change things up. CARB has ruled to enforce the 54.5 MPG rule and to will also require at least 15.4% of all cars sold by any major automaker in the state to either be fully electric, plug-in hybrid, or hydrogen fuel cell by 2025. Mary Nichols, chair of the California Air Resources Board said she viewed the 15.4% “a relatively modest goal, but that’s all that we’re mandating. Probably the most heartening aspect of this whole rulemaking was the level …
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William Maley Editor/Reporter - CheersandGears.com January 30, 2012 The U.S. Treasury Department revealed in a new report to Congress that it will lose more money than expected on the 2009 bailout loans given to Chrysler and General Motors. The Treasury now expects to lose $23.77 billion on the $85 billion bailouts, up from the $23.6 billion losses estimated last fall. Most of the increase in the projected loss is due to GM's stock price declining over the past six months. GM's stock price at the end of trading stands at $24.37; a drop of 35% from the 52-week-high of $37.23. The Treasury currently owns 26.5%, or 500 million shares in GM. At the current price, the Tre…
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Link: http://bottomline.msnbc.msn.com/_news/2012/01/26/10245062-growing-number-of-car-buyers-steer-clear-of-imports
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William Maley Editor/Reporter - CheersandGears.com January 26, 2012 Volvo is searching for a new partner to develop new small cars. CEO Stefan Jacoby told the Financial Times the company is open to any partners to help in development of compact models in an effort to drive down production costs. "We are open for partners. We are open for collaboration in a win-win situation for sharing platforms, for sharing engines, and for a general higher scale of economics," Jacoby said. Jacoby added that "no decision has been made" by Volvo regarding a potential partner. Volvo's current compact lineup includes the C30 hatchback, S40, and V50. All of those vehicles are based on …
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William Maley Editor/Reporter - CheersandGears.com January 16, 2012 Automakers have been pushing Hybrid vehicles for the past few years as a way for owners to save gas and the environment. However, according to LMC Automotive, hybrid sales in the United States have slowed last year to 2.2% compared to 2.4% in 2010. Mike Jackson, chief executive of auto retail chain AutoNation Inc., says that while 75% of customers that walked into his showrooms wanted to talk about hybrids, they only make 2.5% of AutoNation sales. “What happens from the 75 percent consideration to the 2.5 percent commitment? They look at the price premium for the technology, which is already subsidiz…
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January 16th, 2012 - Drew Dowdell - CheersandGears.com In a statement released on Friday the American Automotive Policy Council (AAPC), a political action committee formed by General Motors, Chrysler Group, and Ford Motor Company, announced opposition to Japan joining the currently running Trans-Pacific Partnership (TPP) free trade negotiations. The original members of the TPP formed in 2006 are Brunei, Chile, New Zealand and Singapore. From 2008 to 2010, five additional countries, Australia, Malaysia, Peru,United States, and Vietnam, announced they had entered negotiations to join the trade pact. On November 11, 2011, Japan’s Prime Minister announce his country’s inten…
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