Welcome to the CAR NEWS Page from Stingraysstudios.com, Your #1 Source for No BS News on All the TRUE FACTS from the Auto World ...TRUST THESE FACTS :
FORD POSTS $1 BILLION PROFIT FOR 2009 OPERATIONS, Ford Fusion wins Car of the Year !!
(story below)
TOYOTA LOSSES AT $9 BILLION FOR 2009 - STORY ON ALL THIS IS BELOW :
ELECTRIC CARS ARE COMING !!
THE CHEVY VOLT SET TO DEBUT;
& TRABANT CONCEPT EV CAR :
ALL NEW SPORTS CARS FROM ACROSS THE POND ARE HERE :
THE PENSKE / GM SATURN DEAL WAS DONE IN BY RENAULT !!!....
^ The real losers here are the Dealers, So what will become of them without GM or Saturn ?
(Go read the full story below )
FORD POSTS $1 BILLION PROFIT FOR 2009 OPERATIONS, TOYOTA LOSSES AT $9 BILLION FOR 2009 - STORY ON ALL THIS IS BELOW :
^ GM eats Toyota sales all up !!!
( Go read the full story below )
CHRYSLER / FIAT presents their "GOOD MIX" Of products !!...
Can DODGE & CHRYSLER pull out a "hat trick" from the Fiat deal ? LOOK AT THIS LIST, You Decide ;
STINGRAYSSTUDIOS.COM IS A VERIFIED SOURCE OF CAR NEWS
FROM WITHIN THE INDUSTRY & WE HAVE SOME REAL SERIOUS "BOMBSHELLS" IN THE SECTION BELOW...GO READ THEM NOW !!.
Auto Sales Report : Get the Real Facts, A month by month sales total :
FORD & GM OUTSELL TOYOTA PROVING THAT USA CARS CONTINUE TO LEAD THE WAY IN AUTO SALES, AND GAINING MORE MARKET SHARE IN THE PROCESS...LEAVING ALL OTHERS BEHIND IN THE DUST !
WITH GM'S NEW 60 DAY RETURN GUARANTEE THEY HAVE JUST ROLLED OVER ALL THE COMPETITION.
FORD KEEPS GAINING MORE & MORE SALES, WITH AWARDS AND MORE NEW FRESH DESIGNS.
FOR THE LAST FEW MONTHS EVEN WHILE GM WAS IN THE REORGANIZATION, GM HAS LEAD THE SALES CHARTS CONTINUOUSLY !!
STAY TUNED IN HERE FOR MONTHLY TOTALS EVERY 30 DAYS...THE REAL NUMBERS !
THOUGHT YOU KNEW WHAT THE FACTS REALLY WERE ?
WELL, .... NOW YOU DO !!!
READ DETROIT'S NEXT 100 DAYS ARTICLE BELOW FOR MORE ON WHAT'S UP NOW !
^ THE 2010 CHEVY VOLT...
ALREADY HAS SOLD 50,000
TO BUYERS WAITING FOR A NEW ELECTRIC CAR !!!
FORD TO DEBUT A NEW HIGH PERFORMANCE FOCUS FOR WORLDWIDE MARKETS NOW.
READ THE STORY BELOW.....
TRUST STINGRAYSSTUDIOS TO DELIVER THE NO BS FACT ON ALL OF THE INDUSTRY "GOSSIP".
...REGARDLESS OF WHO GETS OFFENDED, WE WILL SAY IT LIKE IT IS, COUNT ON THAT.
WE JUST DGAF...TRUE UP !!!
WOULD YOU LIKE TO SEE EXACTLY WHAT TO EXPECT FROM ALL THE AUTOMAKERS NEXT ?...WELL CLICK BELOW FOR THE NEW CONCEPT CARS PAGE & GET AN EYEBALL FULL OF THE NEW CARS !
^ CHEVY Z-24 SPORT COUPE CONCEPT BY STINGRAYSSTUDIOS !
DETROIT -- General Motors Co. will spend $202 million to renovate its
Flint Engine South factory to build 1.4-liter four-cylinder engines for
the highly anticipated Chevrolet Volt--and for a small
car that likely will be even more crucial to Chevy's future success, the Cruze.
The automaker also will spend about $28 million on three other plants
in the Flint, Mich., area to help build the 2011 Cruze compact and the
Volt.
^ CLICK ABOVE FOR THE VOLT PAGE ^
A 1.4-liter four-cylinder engine will power a
generator to create electricity for the motor that propels the
Chevrolet Volt, above, and will drive the Chevy Cruze.
(Credit:
Automotive News)
GM is scheduled to launch the Cruze next spring. Production of the
Volt, a plug-in hybrid sedan, is scheduled to start in November 2010.
The Flint engine plant will produce 40 engines per day when
production starts late next year. Output will rise to 800 engines a day
by fall 2011, GM officials said.
The engine for the Cruze will be turbocharged. The Volt's
engine, which will power a generator to create electricity for the
motor that propels the car, will not be turbocharged.
The initial batch of engines for the Chevy Volt will be
imported from a GM plant in Aspern, Austria, until the revamped Flint
plant begins production.
The other GM plants that will be updated and retooled are the
Flint Metal Center, Flint Tool and Die and Grand Blanc Weld Tool
Center.
GM says the key functions at the plants will include
development of automated equipment and tooling for the Cruze and Volt
assembly plants. The Cruze will be assembled at Lordstown, Ohio, and
the Volt at the Detroit-Hamtramck plant.
The operations will develop dies and stamp body panels and components for Lordstown and Detroit-Hamtramck.
GM is spending about $30 million on the Grand Blanc plant to
build robotic weld tool cells that will assemble the Volt body at
Detroit-Hamtramck.
ELECTRIC CARS ARE COMING, SEE THE TRABANT CONCEPT BELOW
WHICH ONE WOULD YOU RATHER DRIVE ??..."ONE VOLT PLEASE".
BUICK BRINGS BACK THE "REGAL" NAME AS A 2010 MODEL ;
^ FOR MORE NEWS ON THIS NEW GM CAR & OTHERS CLICK ABOVE
BREAKING NEWS ....GM DECIDES TO KEEP OPEL :
General Motors’ board of directors said today that it will keep Opel
and restructure it, putting an end to plans to sell the brand to Magna
International. GM said that it expects the restructuring of Opel to
cost 3 million euros ($4.42 billion USD), which it says lowers the
costs associated with outside bids for the brand.
“Given an
improving business environment for GM over the past few months, and the
importance of Opel/Vauxhall to GM’s global strategy, the GM Board of
Directors has decided to retain Opel and will initiate a restructuring
of its European operations in earnest,” GM said in a statement.
“We
understand the complexity and length of this issue has been draining
for all involved,” CEO Fritz Henderson said. “However, from the outset,
our goal has been to secure the best long-term solution for our
customers, employee, suppliers, and dealers, which is reflected in the
decision reached today. This was deemed to be the most stable and least
costly approach for securing Opel/Vauxhall’s long-term future.”
FROM PREVIOUS STATEMENTS :
"Given the significance of the Opel
transaction, GM's board will soon meet in its regularly monthly meeting
to consider Minister zu Guttenberg's letter and changes to the
Magna/Sberbank proposal that have occurred since its last review on
September 9," Smith said in the blog.
He was referring to German
Economy Minister Karl-Theodor zu Guttenberg's request to GM -- prompted
by European Union concerns about promises of German state aid -- to
confirm that the carmaker chose Magna for business and not political
reasons.
In the meantime, the company would work to resolve
remaining open points with the Magna/Sberbank proposal, including labor
cost reductions and a plan to obtain 4.5 billion euros ($6.8 billion)
in aid sought from states with Opel plants, Smith said.
Reduced number of job cuts
Opel's
workers -- who face about 10,000 job cuts under the new owners from
50,000 now -- are supposed to get a 10 percent stake in the new company
in return for labor cost concessions, while GM will keep a 35 percent
stake.
GM decided last month to sell a majority stake to Magna and its Russian partner Sberbank.
Opel's
buyers originally intended to eliminate about 10,500 jobs in Europe,
including about 4,000 in Germany, but talks with labor have resulted in
promises to cut fewer jobs.
Workers in Spain are due to vote on
a preliminary deal that would keep a plant there open at the cost of
900 jobs -- instead of up to 1,650.
U.K.-based union Unite has
already reached an agreement with Magna that would preserve two
Vauxhall production plants and rescue 600 of the jobs that were slated
to go. Vauxhall employs about 5,500 people.
Magna and the
Russian bank have vowed to inject 500 million euros into Opel, aiming
to use it to make an aggressive push into the Russian market.
The European Commission is keeping a close eye on the transaction to ensure state aid is not misused for political purposes.
It
has pressured Berlin into making assurances that the state aid it
envisages was available to any buyer, not just its preferred buyer,
Magna. The supplier has proposed keeping all four Opel plants in
Germany open.
UPDATE COMMENTARY :
AUTOMOTIVE NEWS EUROPE
NOVEMBER 4, 2009 13:39 CET
Turn back the clock to a year ago and this is what Automotive News Europe was reporting on Opel's future:
•
General Motors Europe is reaching out beyond Germany in search of
government help to avoid a liquidity crisis at its European subsidiary
Opel.
• Informal approaches are being made to governments in Poland, Belgium, Spain and the UK.
GM's
decision yesterday to turn down an offer from Magna International Inc.
and keep Opel means the U.S. automaker must secure 3 billion euros in
European funding to turn around its European operations. But some key
things have changed in the last 12 months for GM, Opel and its UK-based
sister brand Vauxhall.
1) Back then, GM North America was
looking for U.S. aid to avoid bankruptcy. Despite having to file for
Chapter 11 this summer, a new GM quickly emerged with a much better
balance sheet and a pile of government cash (none of which can be used
for its business outside the United States).
2) New-car sales in
western Europe were expected to drop to roughly 11.5 million units in
2009 compared with about 13.6 million in 2008. The forecast sales total
for 2010 was then 10.9 million. Now it looks like western Europe's 2009
sales will drop fractionally to 13.2 million units and will reach 12
million next year.
3) Last November, Opel had just launched the
Opel/Vauxhall Insignia and the Opel/Vauxhall Astra was more than a year
away. Since then the Insignia has been named 2009 European Car of the
Year and unit sales are expected to top 150,000, which is 30,000 more
than planned. The new Astra is about to arrive in showrooms and has the
potential to give Opel another winner.
The bottom line is that
GM is alive and kicking; the European market did not collapse; and
Opel's product lineup is even stronger than anyone could have predicted.
Time for diplomacy
The
problem is that none of this will help GM repair its badly damaged
relationships with the German government and the country's powerful IG
Metall union.
Germany and the union wanted Magna to control
Opel. It was key to getting Germany to provide billions in loan
guarantees. Now if GM wants German aid its negotiators will have to
share a table with German Chancellor Angela Merkel and Opel union boss
Klaus Franz, both of whom had their credibility crushed by GM's abrupt
change of course.
Perhaps the threat of German plant closures
and massive job cuts will push the sides back together. Regardless, GM
will need a lot of diplomacy to regain the confidence of Germany and
the unions because without their help Opel will find it tough to
survive.
FORD POSTS A $1 BILLION DOLLAR PROFIT !!..:
Surprising news comes courtesy of Ford this morning in the form of an
unexpectedly good third quarter report. The Blue Oval posted $997
million in positive net income over the third quarter, which represents
its first operating profit in over a year. Even better news is that
Ford's success was driven in part by actual product sales, with market
share increasing in North America, South America and Europe.
Ford
finished the third quarter with $23.8 billion in Automotive gross cash,
which is $2.8 billion better than how it finished the previous quarter.
Ford Credit, the financial arm of the automaker's operations, also
posted relatively good numbers in the third quarter of 2009 with an
after-tax profit of $427 million. Though Ford is selling fewer vehicles
overall from the heyday of the early 2000s, its off-lease models aren't
depreciating as rapidly as before and are selling for higher
transaction prices at auction.
While making nearly a billion
dollars in the third quarter of 2009 is welcome news, the automaker
still has a tough road ahead in the coming years. In recognition of
this fact, Ford isn't predicting solid profitability and consistently
positive operating cash flow until 2011.
Ford announced today in Geneva that it will build a "global high-performance" version of the new Focus.
This
won't come as any surprise to Europeans who have been treated to a
steady stream of hot Focus ST and hotter RS models over the life of the
model. To Americans, who have watched a once-promising little hatchback
turn into a cheaped-down Chevy Cavalier competitor, the announcement of
a new hot-hatch Focus is something to celebrate.
Ford isn't
confirming that the new high-performance model will come to the United
States. But it will. Don't expect that the new high-performance model
will be a clone of the glowing-green, 301-horsepower killer that is the
current European Focus RS.
In fact, we expect that Ford will put the SVT badge on the vehicle when
it arrives here. And don't start holding your breathe just yet. The
regular Focus 5-door hatch and 4-door sedan won't even go on sale here
before the end of the year. So you've got some time to wait before this
thing hits.
Oh, and that photo above? We simply
tweaked a picture of the 5-door Focus so we'd have something pretty for
the top of this story. Ford has not released any photographs or
sketches of the new high-performance model.
When it does,
likely wearing the 5-door bodywork, it will be powered by a
turbocharged, direct-injection four-cylinder motor, known to Ford as
EcoBoost. That leaves two options: Either Ford could use a hot version
of the 1.6-liter EcoBoost that will be part of the European-market
regular Focus line-up or Ford might use the 2.0-liter EcoBoost that
will also be offered in the Ford Edge. With the 263-horsepower Mazdaspeed3 out there tearing up the pavement, it's hard to imagine Ford would come with less than 250 hp.
And
if that kind of power is to be routed solely through the front wheels,
then we hope Ford uses a version of the "RevoKnuckle" front suspension
it pioneered on the current Focus RS, which significantly reduces torque steer.
McLAREN MP4 - 12 C
The
MP4-12C was designed over a five year period almost exclusively on
McLaren's world class computers, which are also used for the
manufacturer's Formula 1 cars. This enabled the engineers to completely
develop and even test each element of the car before a single part was
constructed. The key word in the MP4-12C's design is packaging. The designers
achieved a fine balance between performance, functionality and driver
comfort through superb packaging. The radiators are for example mounted
longitudinally alongside the engine to free up space in the nose for
luggage and yet also keep the car narrow enough to remain practical.
The tight packaging also required every component of the MP4-12C to be
bespoke; from the engine and gearbox to the knobs in the interior.
In
1981 McLaren pioneered carbon fibre composite tubs in Formula 1 and
with the F1 supercar brought the aerospace derived material to the
road. For the MP4-12C a new, cost-effective construction method was
devised that allows McLaren to construct the entire tub in a single
piece instead of having to bond different parts together. Known
internally as the 'MonoCell', the hollow monocoque chassis is extremely
rigid yet only weighs 80 kg. In early crash-testing the same tub was
used for a front and side impacts. The MonoCell survived both crashes
completely unscathed and could be used again without a problem. A
chassis can be produced in just 4 hours, which is a fraction of the
time needed to build a conventional multi-piece carbon fibre tub. This
cut in production time and costs is what enabled McLaren to use a
carbon fibre tub in a market dominated by aluminium and steel
constructions.
Squeezed into the very tight engine bay is McLaren's very first 'own' engine. Dubbed the M838T, it is twin-turbocharged V8
with a displacement of 3.8 litre. Although no exact performance figures
are known yet, it is expected to produce around 600 bhp and 600 Nm of torque,
80% of which is available as low down as 2000 rpm. The V8 is also
incredibly efficient as it emits less CO2 per bhp produced than any
other internal combustion engines available today, including the ones
used in 'green' hybrids. The engine is mated to a dual-clutch,
seven-speed gearbox. Although it may disappoint purists, there will be
no optional manual gearbox; the footwell is optimised to house just two
pedals. The paddles that operate the gearbox are mounted behind the
steering wheel and move with it. Much like the shutter button on a
camera can be partly pressed to enable autofocus, they can be partly
squeezed to 'pre-cog' a gear and speed up shifts.
The
lightweight, rigid chassis and the compact, powerful engine are backed
up by a highly advanced suspension system. Double wishbones and coil
springs are used all around but that's where the convention stops. The
dampers fitted on each corner are active and completely adaptable to
the road surface and conditions. They give the driver the best of both
worlds; on the straights they will soften up for comfort and in corners
stiffen up for superb road holding and control. The driver can also
pick three suspension modes on the 'Active Dynamics Panel'. The biggest
trick up the MP4-12C's sleeve is 'brake steer', which was first seen on
the 1997 MP4/12 Formula 1 car. This system helps cornering by squeezing
the brakes slightly on the inside rear wheel. The same trick also works
on acceleration out of a corner when the inside rear wheel can start to
spin.
Performance, functionality and comfort were also key for
the exterior design. Aerodynamics played a vital role in the very pure
design. As with all of today's sports car designs, a balance between
low drag and high downforce had to be found. The MP4-12C's very smooth
lines ensure the former while an active rear wing provides plenty of
the latter. With no radiators to clear, the nose is very low, which
lowers the frontal area and also gives the driver a very good view of
the road. The air-intakes behind the doors for the radiators feature
turning vanes that resemble the McLaren logo. Needless to say they are
also very functional as they direct the cooling air to the
longitudinally mounted radiators. The rear-end has the most character
with prominent exhausts surrounded by a big grille and black horizontal
bars that also house the LED lights. The engine compartment is visible
through a large window in the rear deck. Large glass surfaces all
around provide the driver with unparalleled levels of visibility.
Access
to the comfortable interior is through large 'dihedral' doors that are
opened by swiping a hand underneath the broad shoulder running across
the top of the door. The dihedral design uses just one hinge and allows
for full access even in the tightest of spaces. Functionality is also
prevalent throughout the interior. All switches and buttons are mounted
within reach of the driver and are grouped according to application.
The most important information is presented to the driver in the
binnacle behind the steering wheel, which features a very prominent,
tachometer. Additional info is presented in a screen mounted on the
floating centre console. The grip of the steering wheel is modelled
after grips of the wheels used by McLaren's World Championship winning
Formula 1 drivers.
Functionality even played a role in the
deciding the name of the new McLaren. Except for the F1, MP4 has been
used for all McLaren built since the company was acquired by Ron
Dennis' Project 4 in 1980. It originally referred to 'Marlboro Project
4' but more recently it is short for 'McLaren Project 4'. The '12'
represents a level of performance as determined on McLaren's internal 'Vehicle Performance
Index'. Future models with different performance characteristics will
receive a number according their their position on the Index. Easiest
to explain is the 'C', which indicates that that MP4-12C uses a carbon
fibre chassis.
McLaren revealed the first details of the MP4-12C
in the fall of 2009 even though production is not expected to commence
in earnest in 2011. This gives McLaren ample of time to test the car in
all conditions and set up a dealer network. A fleet of 20 test cars has
already been constructed, which has already taught invaluable lessons
that will be used for the full scale production. They have been
dispatched around the world for round the clock testing duties. In the
first year McLaren plans to build around 1,000 examples in a new,
purpose-built factory. Over the following years McLaren plans to add
one new model to the line-up every year. The example pictured above is
one of the pre-production prototypes; the final version may differ in
details.
The McLaren MP4-12C looks set to seriously shake up the
segment dominated by Ferrari, Lamborghini and Porsche. Unlike any of
its rivals, the MP4-12C sports a carbon fibre chassis and the level of
quality boasted by the new McLaren should also be class leading.
Whether it will work as well on the road as it looks on paper remains
to be seen but there is no reason to doubt that. While the Italians may
still have it cornered for pure passion, the MP4-12C will above all
represent the most logical choice. It is a McLaren after all.
MERCEDES AMG SLS
Automotive
fascination and high tech of the highest order: These are the traits
embodied by the new Mercedes-Benz SLS AMG, which is making its world
premiere at the International Motor Show (IAA) in Frankfurt on 15
September 2009. The super sports car
boasts a purist design, the systematic incorporation of lightweight
engineering and superior handling dynamics. At the same time, the SLS
delivers the high everyday utility and exemplary safety that typifies
Mercedes-Benz, making the new gullwing the ideal synthesis of the
strengths of Mercedes-Benz and AMG.
The new super sports car
from Mercedes-Benz and AMG dazzles with its unparalleled technology
package which includes: an aluminium space frame body with gullwing
doors; an AMG 6.3-litre, front-mid V8 engine
with a top power of 571 hp, 650 Nm of torque, and dry sump lubrication;
seven-speed dual-clutch in a transaxle configuration; a sports chassis
with aluminium double-wishbone suspension; and a kerb weight of 1,620
kilograms. It's a combination that guarantees supreme handling
dynamics. The car's ideal weight distribution between the front and
rear axles (47 to 53 per cent respectively) and its low centre of
gravity emphasize the concept's pronounced sports car nature. The
gullwing accelerates from 0 to 62 mph in 3.8 seconds and has a top
speed of 197 mph (electronically limited). The fuel consumption of 21.4
mpg (combined) is best-in-class (all figures are provisional).
The
distinctive design of the new Mercedes-Benz SLS AMG dazzles with its
passionate sportiness and reinterprets the breathtaking design of the
Mercedes-Benz 300 SL, one of the most recognised design icons of the
Mercedes-Benz brand. With its purist design, the new SLS AMG reflects
the teachings of modern sports car design: The nearly two-metre
long-bonnet, the low, far back positioned cabin, and the short rear
with the extendable rear spoiler symbolize dynamism, as do the long
wheelbase, the wide track, and the large wheels. The proportions are
determined by the short overhangs and the design of the super sports
car, with a low-slung, front-mid engine mounted well back and a
dual-clutch transmission in a transaxle configuration. The stylistic
highlight is without a doubt the gullwing doors, which impart the SLS
AMG with incomparable charisma and make a unique statement in this
vehicle segment.
It is not just the gullwing doors that awaken
reminiscences of the Mercedes-Benz 300 SL. The characteristic wide
radiator grille with the large Mercedes-Benz star and the wing-like fin
are also reminiscent of the face of the legendary sports car. The
three-dimensional, sculptured front with the low, v-shaped front skirt
with lateral indentations gives the gullwing a powerful stance on the
road. The car's dominance is underscored by six large air intakes and
the wideset, vertical headlamps with intriguing internals: The central
bixenon low-beam headlamps with metallic wing element are framed by two
LED indicators above and two LED daytime running lights below.
Drivers
who raise the gullwing doors of the Mercedes-Benz SLS AMG and sit down
in the sports seats will experience a very special interior. In its
conception, the Mercedes-Benz designers took their cue from aircraft
construction to create an ambience that immediately evokes associations
with plane cockpits. The defining stylistic element is the dashboard,
whose powerfully extended wing-like profile creates the impression of
great width. The dashboard incorporates "silver shadow" electroplated
air vents with adjustable nozzles, which simulate the look of jet
engines. The instrument cluster with its shift-up LED display and two
white illuminated circular instruments also appears very sporty in the
metallic silver shadow look. The silver dials have red pointers and a
225 mph scale. The main feature between the dashboard's two centre air
vents is the COMAND multi-media system with its 7-inch screen.
Despite the low seating position typical of sports cars,
which means the seats are located only 369 millimetres above the road
surface, the wide opening gullwing doors ensure easy entry and exit.
The designers made sure that the doors had as large an opening angle as
possible, which is why they swing up by 70 degrees. Another
consideration that was just as important was that the distance between
the opened doors and the road surface is an ample 1.50 metres, while
the size of the passage between the opened doors and the upper edge of
the side skirts is a generous 1.08 metres. By contrast, the entry
height (the distance between the road surface and the upper edge of the
side skirts) is a low 45 centimetres. Another important criterion for
ensuring an elegant entry and exit is that the opening and closing of
the doors requires little effort even when it's very cold, because of
two gas-dampers next to the door hinges.
The gullwing doors
require less room to open than conventional coupe doors and can be
completely opened in standard sized garages. The gullwing doors can be
opened from the interior by means of a "silver shadow" opening handle.
Thanks to the linkage system in the door's armrest, the door is easy to
handle when closing. The buttons for the power windows, the central
locking system and the exterior mirror adjustment are also easily
accessible in the interior trim. The interior has a spacious feeling,
due primarily to the large shoulder room of 1483 millimetres and the
wide elbow width of 1606 millimetres. In conjunction with the generous
headroom of 990 millimetres and the driver's effective legroom of 1058
millimetres, the deep seating position is also relaxing. The passengers
benefit from a relatively steep windscreen that provides a good view.
The
SLS is also taking a new approach in its body concept. For the first
time ever, Mercedes-Benz and AMG are presenting an automobile, where
both chassis and body are made of aluminium. This leads to significant
weight savings compared to the traditional steel construction, as shown
by the car's kerb weight of just 1,620 kilograms.
The vehicle's
all-new body consists of an aluminium space frame, which combines
intelligent, lightweight design with the highest strength and thus
further boosts the SLS' excellent handling properties. Light aluminium
profiles combine the force nodes to create a stable structure. The
large, low-lying cross-sections of these aluminium profiles exhibit
high resistance torques, thereby ensuring the desired direct transfer
of drive, braking and chassis forces. Undesired flexibility is reduced
by the structure; the vehicle responds rigidly, directly and as if it
was almost free of torsion.
The intelligent aluminium space
frame, which has been optimized in terms of weight, is 45 per cent
aluminium profiles, 31 per cent aluminium panelling, 20 per cent cast
aluminium and four per cent steel. Ultra high-tensile, hot-rolled steel
is used in the A-pillars to further improve occupant protection. The
body-in-white weight is 241 kilograms - and given that the maximum
power is 571 hp, represents a top value in the super sports car segment.
The heart of the new SLS is a high-powered eight-cylinder engine manufactured by Mercedes-AMG. The advanced 6.3-litre V-8 engine,
which has an output of 571 hp at 6,800 rpm, makes the gullwing vehicle
one of the most powerful sports cars in its segment. In conjunction
with the low vehicle weight, this results in a weight-power ratio of
2.84 kg/hp. The naturally aspirated engine provides its maximum torque
of 650 Nm at 4,750 rpm. The gullwing vehicle accelerates from 0 to 62
mph in 3.8 seconds and has an electronically limited top speed of 197
mph (all figures are preliminary). The high-torque V8 engine, which is
called the M159 within the company, has a displacement of 6,208 cc. It
has been completely restructured compared to the basic M156 engine, and
it displays the typical characteristics of high-performance racing
engines.
The most important measures taken to boost its
performance were the development of a completely new intake manifold
system, the restructuring of the valve gear and the camshaft, the use
of streamlined steel-pipe fan-type exhaust pipes and a dethrottling of
the exhaust system. As a result, the designers have achieved
significantly improved cylinder charging that boosts performance by
almost nine per cent. The eight-cylinder engine reacts nimbly to
movements of the accelerator pedal and in general responds extremely
well. Thanks to the change to dry sump lubrication, it has been
possible to achieve a much lower installation position for the engine.
The consequent lowering of the vehicle's centre of gravity enables high
transverse acceleration, which results in handling dynamics that
drivers love.
The
solution that was chosen, a front-mid engine plus transaxle
configuration, ensures an ideal weight distribution of 47 per cent in
the front and 53 per cent in the rear. Mounting the engine behind the
front axle provided optimal conditions for perfect handling dynamics
with precise steering behaviour, top class agility, low inertia during
sudden changes of direction and outstanding traction. The aim of
Mercedes-Benz and AMG - to build a desirable super sports car and
combine flawless race circuit performance with the long distance
comfort typical of Mercedes-Benz - led to this sophisticated chassis
layout. All four wheels are guided on dual A-arms with track rod, a
technique that has proven itself in motor racing up to Formula 1 level.
In a double wishbone suspension, the wheel location and suspension
function are separated from each other, and the spring struts/damper
struts are supported on the lower transverse link. With its high
shatter strength and directional stability, the double wishbone concept
decisively controls the wheel, with minimal springy movements, and
gives the driver optimal contact with the road surface even in extreme
situations.
The A-arms, steering knuckles and hub carriers at
the front and rear axles are made entirely of forged aluminium - which
helps to substantially reduce the unsprung masses; and this in turn
improves the responsiveness of the suspension. At 2,680 millimetres,
the long wheelbase results in not only a stable straight-line
stability, but also a low dynamic wheel load shift which significantly
reduces the vehicle's tendency to roll during acceleration and
deceleration. The wide tread - 1,682 millimetres in the front, and
1,653 millimetres in the rear - ensures a lower dynamic wheel load
transfer from the inside wheel to the outside wheel on bends, which
gives the tyres more grip. When driving around bends, the big castor
angle of 11.5 degrees results in a large increase in the negative
camber, in addition to improving the tyres' grip - and lending high
stability when braking suddenly in bends.
Company press release, last updated on 09 / 10 / 2009
TOYOTA IS SET TO GO BANKRUPT...
CLICK BELOW FOR MORE ON THIS :
LIKE THE PROVERBIAL "BURN OUT"...TOYODA THE COMPANY, WHICH STARTED OUT AS A SEWING MACHINE MANUFACTURER, THEN TURNED "CAR COMPANY" DURING JAPAN'S WAR WITH CHINA BY GOVERNMENT DECREE & FUNDING.....IS ABOUT TO RUN IT'S COURSE INTO A DISMAL & FITTING END. NOW TOYOTA THE SUPPOSED WORLD'S SECOND LARGEST CAR COMPANY IS FACING CRIMINAL CHARGES FOR HAVING BUILT DEFECTIVE CARS & TRUCKS FROM AS EARLY AS 1998 TO THE PRESENT DAY AND KNOWINGLY SELLING THEM TO THE CONSUMER...LEADING TO DEATHS & INJURY OF THE PEOPLE WHO BOUGHT THEIR PRODUCTS.
NHTSA studies unintended-acceleration complaints in 'repaired' Toyotas
U.S. regulators are investigating 10 recent cases in which owners of recalled Toyota vehicles say they brought their cars in for repair and yet still experienced unintended acceleration.
The National Highway Traffic Safety Administration has started contacting consumers about these complaints “to make sure Toyota is doing everything possible to make its vehicles safe,” agency chief David Strickland said in an e-mailed statement.
A
recurrence of unintended acceleration, even after sticky gas pedals and
obtrusive floor mats have been addressed by dealers, would suggest
there may be other causes of the loss of speed control in Toyota
vehicles.
“We are confident that Toyota vehicles are safe, and
we're doing everything we can to ensure that our customers are
satisfied with the repairs we are making,” Toyota spokesman Brian Lyons
said in an e-mail.
Lyons said Toyota has asked NHTSA for the information needed to contact customers with post-repair complaints.
Toyota's
top executives have repeatedly denied that electronic throttle-control
systems may interfere with acceleration, most recently at a Senate
Commerce Committee hearing Tuesday. The company has hired the Exponent
consulting firm to look into the matter further.
Since October,
Toyota has recalled more than 6 million U.S. vehicles for unintended
acceleration. The causes were attributed either to sticky gas pedals or
to floor mats that entrap pedals.
The Safety Research &
Strategies consulting firm reported this week that four Toyota
customers complained to NHTSA last month of recurring unintended
acceleration, even after their vehicles were recalled and repaired.
In one case, the owner of a 2008 Toyota Avalon
reported Feb. 25 that a few days after a recall, the driver had the car
in reverse and was slowly backing out of a residential carport when it
accelerated on its own, the Safety Research report said.
“The car
did about three loops around the garage area of the home, causing
damage to the car, benches, tree, bushes, lamp post, etc.” the report
said.
The owner of a 2010 Camry reported that within a week of
its Feb. 12 acceleration fix, the car sped up as the driver was
entering a parking space.
“I was pressing the brake,” the
complainant said, according to Safety Research. “I jammed both feet
into the brake. After three seconds, as my car was climbing up a snow
bank, it stopped.”
The complainant added: “The fix done by Toyota is not the fix for the acceleration problem.”
Said
Toyota's Lyons: “We have rigorously tested the solutions that Toyota
engineers have developed, and are aggressively investigating any
complaints.”
"Toyota has become too big and distant from its customers," the chief executive said.
In the U.S., the automaker's sales are down 13% in September from a year ago. Globally, sales are down 28% for the brand.
Executives
have mentioned that much of the company's financial turmoil still has
to do with a weak U.S. economy, as well as a poor dollar-to-yen
exchange rate. At one point earlier this year, analysts expected sales
of 10 million units for the 2009 calendar year, but have now revised
the estimate down to 7.34 million. Last year, the company sold 8.97
million units worldwide.
Given a stable exchange rate of $1 to 92 yen, a loss of $8.4 billion is said to occur for the financial year ending next March.
"When you get to this level, it makes it difficult to return to profit on sales growth alone," Akio said to reporters.
“We
would like to pay our deepest condolences for the loss of four precious
lives,” Toyoda announced. “Customers who chose Toyota and Lexus cars because those brands are safe and secure are now beset with anxiety. I regret and apologize for this development."
Source: Reuters, Automotive News (Subscription required)
UNABLE TO COMPETE WITH GENERAL MOTORS OR FORD IN THE USA ANY LONGER & LOSING SALES EVERY DAY TO THOSE DETROIT AUTO MAKERS, THE "TOYOTA" CAR COMPANY IS BLEEDING RED !!! The company is expecting its first full-year operating loss since
1937 — 350 billion yen ($3.9 billion) — more than double its previous
forecast.
The company’s 2008 fiscal year ends on March 31.
It
widened its forecast for an operating loss on its main automotive
business to 450 billion yen, or $5 billion, attributing the larger loss
to both steep declines in global auto sales and strong gains by the
Japanese currency, the yen, which lowers the yen-denominated value of overseas earnings.
The global downturn has pummeled global auto sales, but Toyota had appeared somewhat resistant. No longer.
The
last time Toyota posted a net loss was 59 years ago, when it operated
under different accounting rules. Then, Toyota was in a financial
crisis that led to the departure of its founder, Kiichiro Toyoda. ( New York Times)
AS GM'S BOB LUTZ HAS COMMENTATED & WE PARAPHRASE HERE : "TOYOTA IS LOSING MORE MONEY EVERY DAY THAN WE DID BEFORE OUR CHAPTER 11 FILING, THEY JUST STARTED WITH A BIGGER PILE OF CASH, BUT THIS CAN'T WORK FOR THEM AT ALL... AS THEY ARE LOSING MORE THAN ANYONE "
TOYOTA HAS IN OUR OPINION EARNED THIS DISGRACE, BY OFFERING PRODUCTS THAT ARE INFERIOR & DERIVATIVE IN NATURE. THE CAMRY HAS EARNED THE DUBIOUS REPUTATION AS NOT ONLY THE CAR THAT CONSUMER REPORTS HAD TO "APOLOGIZE" FOR RECOMMENDING AFTER A SERIES OF RECALLS, BUT NOW OWNS THE SINGLE LARGEST RECALL IN AUTOMOTIVE HISTORY, FOR "FLOOR MATS" THAT CAUSE THE ACCELERATOR PEDAL TO STICK ON FULL THROTTLE !!!...EVERY CAMRY MADE RECENTLY HAS BEEN RECALLED TO FIX THIS DEADLY CONDITION, FOLLOWING SEVERAL DEATHS ALREADY ATTRIBUTED TO THIS FLAW IN THE CAR'S DESIGN !!!...and NOW TOYOTA HAS A FULL RECALL ON THE TRUCK LINE AS WELL FOR RUSTED OUT FRAMES :
^ CLICK ABOVE FOR MORE TRUE STORIES ON TOYOTA CARS, TRUCKS & THE TOYOTA MOTOR COMPANY.
The disclosure comes a week after Toyota announced it will recall
3.8 million Toyota and Lexus vehicles to replace a floor mat that could
cause the accelerator to stick. The recall prompted a public apology
from Toyota Motor Corp. President Akio Toyoda.
Frame Rust
Toyota faced a similar frame-rust problem last year involving about 750,000 Tacoma pickups.
In March 2008, the company agreed to buy back 1995 to 2000 model year Tacomas at 150 percent of the high Kelly Blue Book value.
Then
in November 2008, the company issued a recall on 2001 to 2004 model
year Tacomas. If there was no rust, Toyota automatically extended the
warranty to 15 years with unlimited mileage. If there was rust, the
frames were replaced at no cost to the consumer.
Lyons did not say why the company did not issue a recall for the Tundra at the same time as the Tacoma.
“The
two trucks did not share the same frame, but there were similarities,”
he said. Lyons said both trucks had the same supplier.
“But it's our responsibility, not the supplier's responsibility,” Lyons said. - (autoweek.com)
IT IS "HIGH TIME" THAT TOYOTA PAYS THE PRICE FOR CRAPPY CARS SOLD TO UNAWARE BUYERS.
IF YOU OWN A TOYOTA, ...DON'T SELL IT, ....DO THE WORLD A FAVOR....PLEASE JUST SEND IT TO THE JUNKYARD SCRAP PILE, WHERE IT BELONGS. IT WILL COME BACK AS A .......NEW SEWING MACHINE !
THE GM / PENSKE / RENAULT DEAL FOR SATURN :
WELL, YOU DO NOT HAVE TO TAKE OUR WORD ON THIS ONE AS IT IS THE SAD BUT TRUE FACT THAT RENAULT (OR CERTAIN INDIVIDUALS WITHIN ) MADE THE DECISION TO KILL THE SATURN DEAL, INTENTIONALLY IN OUR OPINION AS THEIR "LOYALTY" WAS PLACED WITH NISSAN, NOT GM OR PENSKE :
Renault Chief Executive Officer Carlos Ghosn didn’t
recommend approval of an agreement with Penske at yesterday’s
board meeting, Pelata said after a news conference in Paris.
Ending the talks “was not a board decision,” he added.
“The deal probably made a lot of sense to Renault at first
glance,” Mike Tyndall, a London-based European autos specialist
with Nomura Securities, said in a telephone interview. The
proposal may have drawn objections from Nissan Motor Co.,
Renault’s 44 percent-owned Japanese affiliate, he said.
“When they looked into the details they probably realized
it would do the Renault-Nissan alliance more harm than good,”
Tyndall said. “They’d be using potentially cheaper versions of
alliance products to compete with Nissan in its most important
market.” (BLOOMBERG NEWS)
WELL IT IS SAID THAT LOSERS HANG TOGETHER...& THIS IS A PERFECT EXAMPLE OF THAT AXIOM AS NISSAN IS LOSING MORE SALES & MARKET SHARE WHILE RENAULT IS HARDLY ON THE CHARTS !!. THE REALLY SAD PART OF THIS IS THAT THE SATURN DEALERS ARE DONE FOR. THEY WILL BE "BOUGHT OUT" BY TOYOTA OR EVEN NISSAN IF THOSE COMPANIES CAN SUSTAIN THE LOSSES & CONTINUE EXPANSION IN THE USA, WHICH IS QUITE UNLIKELY. MORE LIKELY IS THAT SOME OF THESE DEALERS WILL JUST GO OUT OF BUSINESS PERMANENTLY, OR A FEW MAY "SWITCH" COMPANIES, & EVEN FEWER MAY BE "PICKED UP" BY THE NEW CHINESE CAR COMPANIES WHO ARE WAITING TO GET A FOOTHOLD IN THE USA MARKETS.
THE OTHER BAD RAMIFICATION HERE IS THAT OPEL, WHO ACTUALLY MANUFACTURED QUITE A FEW SATURN MODELS, & WAS JUST BOUGHT BY MAGNA, IS IN FOR A SHOCK AS THEIR FACTORY WORKERS, WHO ARE ALREADY "UP IN ARMS" TO PREVENT FACTORY CLOSINGS IN EUROPE, WILL NOW HAVE LESS CARS TO BUILD THAN THEY ANTICIPATED. SO YOU SEE, THE TRUTH HERE IS THAT RENAULT GOT A "HIT" ON TWO COMPETITORS, BOTH EX-GM COMPANIES BY KILLING THE SATURN DEAL, BY ALIGNING WITH THE JAPANESE MANUFACTURERS.
THIS WAS A BIG MISTAKE IN OUR OPINION, AS SATURN WOULD HAVE OUTSOLD ALL THE JAPANESE CARS, BOTH IN EUROPE & THE USA, & GIVEN RENAULT A LARGER SHARE OF PRODUCT THAN NAISSAN WILL EVER DELIVER TO THEM.
ROGER PENSKE HAS TO BE REALLY "PISSED OFF" RIGHT ABOUT NOW !!!...AND WITH DAMN GOOD REASON.
THE CHRYSLER / FIAT DEAL MAY NOT WORK FOR THE USA AUTO MAKER !
...the New Chrysler Has Arrived with a full line of Models & a New Logo :
IN THE "RUSH" TO SAVE CHRYSLER FROM EXTINCTION, THE COMPANY PUSHED THROUGH A DEAL WITH THE ITALIAN AUTO MAKER FIAT, WHO HAS A FULL LINE OF SMALL CARS & COULD BENEFIT FROM THE SALES OF CHRYSLER'S LARGE CARS & MORE SO THE TRUCKS LIKE THE RAM & CARAVAN MINIVANS IN EUROPE.
THERE WAS NO CASH FROM FIAT COMING TO CHRYSLER IN THAT DEAL HOWEVER, AS THEY WERE RELAYING UPON THE US GOVERNMENT "BAIL OUT" TO FUND THE COMPANY. WHILE IT IS TRUE THAT CHRYSLER HAS A FEW VERY GOOD MODELS, LIKE THE MINIVANS WHICH VW NOW SELLS A VERSION OF AS THEIR OWN VW MODEL, & NISSAN IS HANDING OVER THEIR "TRUCK MODELS" TO CHRYSLER TO SELL RE-BADGED VERSIONS OF THE DODGE RAM TRUCKS AS NISSAN TRUCKS, THERE IS NO GUARANTEE THAT CHRYSLER OR DODGE HAS NEW CARS THAT CAN INDEED CAPTURE A INCREASED MARKET SHARE FOR THE COMPANY.
The company claims that Fiat's innovative small-car technology will
fill a gaping hole in Chrysler's product lineup and turn Detroit's No.
3 automaker into a winner. Chrysler desperately needs that kind of
help, and Fiat does have some appealing vehicles, like the 500 and Panda,
each of which has earned honors as European car of the year. If the
Fiat deal flies, such models could be imported to the United States and
even built here.
But it's a stretch to believe that a few snazzy little imports are
enough to salvage Chrysler. It's not as if American roads are devoid of
thrifty runabouts. The Detroit Three clearly have a small-car deficit,
but by the time Fiats begin to land on U.S. shores in a couple of
years, General Motors
and Ford will both be rolling out new misermobiles largely patterned
after vehicles that have been popular and profitable overseas.
Meanwhile, foreign-based automakers like Toyota, Honda,
Volkswagen, and Mazda have been successfully selling small cars in the
United States for decades. They're not about to step aside just because
the Italians are coming to town. Besides, clever novelties from
overseas often land with a splash but struggle to penetrate a crowded
market. The Suzuki SX-4,
for example, gets good marks for fun, style, and affordability, yet
more than a dozen compacts outsell it. Chrysler might want to pay close
attention to that mediocre performance—since the SX-4 is a joint
venture with Fiat, which sells its own version in Europe as the Sedici. ( European Auto)
ALL THAT BEING SAID, CHRYSLER DOSE HAVE A FEW "ACES" UP IT'S SLEEVE, THE DODGE CHARGER & THE NEW CHALLENGER BOTH ARE SELLING QUITE WELL, IN SPITE OF THE LESS THAN "ECONOMICAL" STATUS OF THOSE PERFORMANCE STYLED MODELS. A NEW VERSION UPDATE OF THE CHARGER IS EXPECTED IN 2010.
^ THEN AGAIN, THIS NEW CHRYSLER 200 C HAS ALL THE MAKINGS OF A REAL TOP SELLING CAR FOR THEM ! THE MUCH MALINGERED "DODGE AVENGER" CAN ALSO BENEFIT FROM THIS NEW DESIGN, WHICH IS QUITE A LOOKER & HAS THE STUFF TO DELIVER REAL VALUE TO AUTO CUSTOMERS FOR CHRYSLER.
CAN THEY PULL IT OFF ?....ONLY TIME WILL TELL. DON'T BET ON FIAT HELPING THEM OUT TOO MUCH THO.
The
next 100 days are the key to how Detroit's three carmakers, and the
others, too, will fare in coming years. Watch the numbers that are
released each month for car sales for September through December. The
pivotal figures to focus on are the market share numbers, not the
percentage loss or gain against the year before or the month before.
Here's
why: The artificial stimuli are over. Cash for Clunkers is done and the
inventories are low, so the companies don't have to go crazy with
give-away incentives, but the dealers are hungry, so it's still a good
time for customers to buy. New models are out--some, anyway--and the
cars for the old lines being eliminated are about gone from the dealer
lots. So the market share numbers we start seeing through the end of
the year will predict the trend for months, even years to come.
Let's go company by company:
General Motors
Market share this year to date has run 19.5%. It's likely to fall over
the next hundred days. The key is how much? If it falls to 18.5%,
that's fine. If it falls more toward 16.5%, that's trouble.
What's
the plus for GM? Look for more and better advertising. Robert Lutz, the
vice chairman of Doing-It-Right-For-A-Change, is in charge of marketing
and he's nobody's fool. There are some new models out: The Camaro
sporty car, the Buick LaCrosse sedan, the Chevy Equinox small SUV, a
Cadillac SRX crossover SUV and a CTS wagon. There's also a return to
leasing for Cadillac, plus the 60-day money-back guarantee to inspire
confidence.
What's the minus? The lineup is spotty. Pontiac cars
are gone and Saturn is fading away, cutting sales. At Chevy, the small
Cobalt car is dated and its replacement is months away. The mid-size
Malibu is a single four-door sedan (no coupe, no convertible, no wagon)
and may be tiring. Buick has three models (and one is fading out), and
Cadillac has no big, modern car.
The GM trucks are still big sellers--the pickups and SUVs,
like the Chevy Traverse--but we don't know how they will do in this new
world of fuel economy regulations. So the next three months will tell
us if GM can hold near 20% share, or if it will keep going down and
risk being outsold by Ford Motor
(
F -
news
-
people
) or Toyota
(
TM -
news
-
people
). And even the name General Motors is so discredited that it's being pulled off the products.
Ford
It's been taking 15.8% of the market this year to date, but it's
largely a pickup truck company (Ford's share of car sales is just
11.2%). Honda
(
HMC -
news
-
people
)
outsells Ford in cars and Hyundai/Kia is closing in. The big F-150 Ford
pickup is a star, but Ford SUVs--all but the small Escape and the
Mercury Mariner--do poorly.
There's a new Taurus, but it will
cost $35,000 to buy one nicely equipped, and the most interesting Fords
are still "to come." A new small Focus and the smaller Fiesta aren't
here yet. Ford doesn't care about its to-be-discarded rear-drive sedans
and doesn't seem to know how to sell Mustang.
So the market share
numbers of these four months will tell us if the company can regain
some momentum and take sales from the fading GM and Chrysler.
Chrysler Chrysler's gone dark. Even Detroit reporters can't figure out
what, if anything, is going on. The eight-month sale share is 9.2%, but
it's been falling; August was 7.4%. If share keeps falling, down to 6%
by Jan. 1, we have to wonder if Italian automaker Fiat
(
FIATY.PK -
news
-
people
), which now controls Chrysler, will stay the course, or--with no money invested--bolt? Watch the share numbers.
The
foreigners will send signals, too. Korean Hyundai/Kia is hot. Sales are
actually up a tiny bit from last year, and a new Kia plant is opening
in the state of Georgia. The combined pair (Hyundai controls Kia, but
they operate separately in the U.S.) is outselling Nissan
(
NSANY -
news
-
people
) and closing in on Chrysler in recent months. Can the Koreans keep it up?
At
Toyota, we see new mangers, new directions--but maybe new confusion.
Its half-built plant in Mississippi is stalled; Toyota can't seem to
figure out what to build there. For all the praise heaped on its
hybrids, Toyota sales slumped just like most everybody else's. And
Toyota hasn't seemed to figure out that shipping cars here from Japan
with the yen climbing is a recipe for red ink. But the next few months
will show us how determined the company is to stay ahead of Ford and
keep closing in on GM. Toyota's share is 16.6% now. GM might be that
low by the end of the year.
Watch the share numbers over the next 100 days. They will tell the story.
Chrysler
Group LLC’s new CEO, Sergio Marchionne, is scheduled to reveal his
5-year business and product plan to the media and analysts on November
4. However, The Wall Street Journal today released most of what
Marchionne has will talk about next week.
According to the
report, the plan relies heavily on vehicles from Fiat SpA, especially
Alfa Romeo models, while dropping most of Chrysler’s original models.
The report also said that Fiat and Chrysler are working on several new
vehicles with Fiat technology for the U.S., including.
The folks
at Kicking Tires have put together a nice list which you can check out
after the jump. We’ll have full details from Chrysler next week.
Chrysler
* PT Cruiser – Dead
* Sebring – Dead
* Town and Country
* 300: Redesign in 2011
* Fiat 500: 2011
Dodge
* Caliber – Dead
* Nitro – Dead
* Avenger – Dead
* Grand Caravan – Dead
* Charger: Redesign in 2011
* Challenger
* Journey
* Ram trucks
Jeep
* Commander – Dead
* Compass – Dead
* Patriot – Dead
* Wrangler
* Grand Cherokee: Redesign in 2010
Alfa Romeo
* MiTo
* Milano (replacing 147)
* Unknown Mid-Size Sedan
^^^ NOW YOU DECIDE IF THIS IS FOR REAL ?
.....OR "IF" THIS LINEUP WILL SELL ???..... :
Fisker to build hybrid cars at idled Del. GM plant
Reuters – The Fisker Karma is shown in this undated handout photo from Fisker Automotive released October 27, 2009. …
By RANDALL CHASE, Associated Press Writer Randall Chase, Associated Press Writer
–
Tue Oct 27, 6:47 pm ET
WILMINGTON, Del. – Luxury automaker Fisker Automotive is buying a shuttered General Motors assembly plant in Delaware to produce plug-in hybrid electric cars, officials said Tuesday.
The California-based company has signed a letter of intent with Motors Liquidation Co. (MLC), formerly known as General Motors Corp., to purchase the Wilmington plant for $18 million after a four-month evaluation period.
Fisker,
which recently won approval for $528.7 million in government loans to
develop plug-ins, expects to spend another $175 million to refurbish
the facility before production of next-generation hybrids begins in
2012.
Fisker expects Project NINA will create
or support 2,000 factory jobs and more than 3,000 vendor and supplier
jobs by 2014, with full production capacity
of between 75,000 and 100,000 vehicles per year. More than half the
cars will be exported, the largest percentage of any domestic
manufacturer.
"This is a major step toward establishing America as a leader of advanced vehicle technology," said CEO Henrik Fisker, who described the production of electric hybrids as part of "the most dramatic change in the car industry ever."
Vice President Joe Biden was among those on hand to announce the resurrection of the GM plant, which produced the Saturn Sky and Pontiac Solstice roadsters, as well as an Opel version that was exported to Europe, before closing this summer.
"I
refuse to believe that we will not once again lead the entire world in
the manufacturing of automobiles," Biden told a crowd of more than
1,000, including scores of union workers. "This factory in Delaware,
and the industry, are going to get back up off the mat."
The vehicles to be built in Delaware under Fisker's Project NINA will cost about $40,000 after federal tax credits. They will be able to run mainly on electricity for short trips and a combination of electricity and gasoline for longer ones.
The Wilmington assembly plant,
built in 1947, churned out more than 8.5 million cars. It employed more
than 5,000 workers in the mid-1980s but ended production with a work
force of only about 450 hourly workers.
"This
is a great day for three reasons: job, jobs, jobs," said U.S. Sen. Ted
Kaufman, D-Del., who replaced Biden in the U.S. Senate.
Fisker officials said the Wilmington site was selected for its size, production capacity, modern paint facilities, access to ports and rail lines and skilled work force.
Mike
Hicks, 51, who worked for 32 years in the plant's paint department, was
heartened by the news that cars will be built there once again.
"We have a good work force here, and it's always been a top quality plant in General Motors," Hicks said. "I'm glad they're giving us another chance to show what we can do."
It
was not immediately clear whether former GM workers would be given
priority status when Fisker begins hiring. Fisker spokesman Russell
Datz said that decision likely will be made by union leaders.
"It's being negotiated," said Sam Lathem, president of the Delaware AFL-CIO.
"I'm sure they're going to want a skilled work force, and part of that will be workers who have been there," he added.
UAW President Ron Gettelfinger said persuading Fisker to locate in Delaware was "a true team effort."
"There was a lot of hard work involved, and it's going to pay off with manufacturing jobs that will be a great asset in Wilmington and in communities around the country, Gettelfinger said in a prepared statement.
U.S. Sens. Benjamin Cardin and Barbara Mikulski,
both Maryland Democrats, said the reopening of the plant will preserve
500 jobs for Maryland residents who worked at the facility.
Jim Hoffa, president of the International Brotherhood of Teamsters, welcomed the reopening of the auto plant.
"By rehiring laid-off workers, the White House and the company
are showing a commitment to reinvesting in our national
infrastructure," he said in a prepared statement.
Fisker told reporters that his company will demonstrate to consumers in the U.S. and overseas that electric cars can be powerful and sexy, and needn't be defined by dull styling and "range anxiety," about limited mileage between charges.
But energy efficiency
is likely to remain a key selling point. Fisker noted that owners of
Project NINA cars who drive 50 miles or less each day could rely almost
entirely on electricity and might have to fill up the gasoline tank
only once a year, an idea that could hit home with European drivers
paying the equivalent of $6 to $8 for a gallon of gas.
"We're designing our cars for the world market," he said.
FORD FUSION WINS CAR OF THE YEAR AWARD !
Well FORD is kicking ass, posting a $1 Billion dollar profit & snagging the Motor Trend COTY award to boot :
2010 Motor Trend Car of the Year: Ford Fusion
The
Comeback Kid: Do-it-All Sedan is Reborn for 2010 and is Better,
Smarter, Nicer, Prettier, Comfier, Leaner, Meaner, and Greener in Every
Way
In 1964, Motor Trend's Car of the Year award went to the entire Ford lineup,
recognizing its combination of design, engineering excellence, and
performance. In 1970, we gave the nod to the Ford Torino, which could
be ordered in a wide variety of configurations. Forty years ago, buyers
could choose from economical, six-cylinder-powered sedans to the
dragstrip-ready 429 Super Cobra Jet fastback. These legendary winners
had one thing in common: bandwidth. In the 1960s and '70s, this term
wasn't yet part of popular lexicon. Today, the 2010 Ford Fusion's
impressive bandwidth as a model range was one of the many factors that
helped it earn the 2010 Motor Trend Car of the Year award.
Want an economical midsize sedan
that doesn't cost much, yet won't bore you to tears? Need to please
your greener side with a high-tech hybrid? Fancy a near-sport sedan
with AWD, 18-inch rolling stock, and the latest infotainment and
electronics? Depending on which model you choose and how many option
boxes you tick, the Fusion can be any of the above. Arthur St. Antoine
calls the Fusion "a compelling sweep across one of the market's most
hotly contested segments."
The
original Ford Fusion came to market for the 2006 model year. The basics
were there, but the car wasn't fully baked. For 2010, Ford's product
teams gave the lineup a soup-to-nuts redevelopment so thorough, it's as
if the first-generation car never existed. Only the passenger-shell
sheetmetal and other basic architectural elements escaped being
redesigned, upgraded, or replaced. Although a four-door sedan
is the only body style offered, powertrain choices expand from two to
four, and each is new or substantially revised. There are several trim
levels offered as well: base S, upmarket SE, luxurious SEL, a separate
Sport model, and a Hybrid. Early in this year's COTY program, there
were quiet whispers, while heads nodded, about how the Fusion looked,
felt, and drove like an entirely new machine.
*Brands and companies are displayed in
descending order according to their percentage change in volume sales.
There were 24 selling days in January 2010 and 26 selling days in
January 2009, so the change in monthly sales volume will be less than
the change in the average daily sales rate (DSR) for each brand/company.