Most days, California must seem like Kazakhstan for the Big Three. Domestic products aren't so popular out West, where Toyota and Honda have long stood atop the sales charts. But not in 2011.
According to a report in Automotive News, both General Motors and Ford managed to bump Honda from its silver medal position in 2011, though Toyota still holds a commanding market share lead. In a storyline we've heard before, the twin natural disasters in Asia curbed Japanese production, causing a 4.5 point loss of market share. Toyota's market share dropped from 22.8 to 19.2 percent, while GM and Ford tied at 12.6 percent - ahead of Honda at 12.1.
Booming sales in the Golden State helped the domestics to their 1.8 point gain. New vehicle registrations in California were up 9.9 percent, according to the report. The biggest sales gains last year were made by Kia and Jeep, which were up 53 and 49 percent, respectively.
Motor Trend launched its new "Wide Open Throttle" news program on YouTube with a bombshell: "Cadillac Puts Hold on ATS Coupe." While it certainly gave us reason to click play, there's just one problem. The report - claiming that not just the coupe, but multiple ATS variants have been delayed or cancelled - may not be accurate.
Cadillac spokesman David Caldwell gave us the usual manufacturer disclaimer about not commenting on future product, but he did tell us, "There has been no recent radical shift in strategy" for the ATS. Reading between the lines, that either means an ATS coupe hasn't gotten past the idea stage, or that GM is still working hard at bringing us a two-door version of Caddy's BMW 3 Series fighter.
"On either end of the spectrum the reporting is inaccurate," Caldwell said, referring to those who have opined that Cadillac will launch several variants of the ATS sedan that comes to market later this year, including a coupe, a convertible, a wagon, and a shooting brake.
"We do plan to do variants," Caldwell told us. "We haven't yet called our shot of how we're going to execute that."
So what do we make of all this? We're pretty sure that we'll still see an ATS-V sedan, and perhaps that could be it for ATS models if the standard sedan is not well received. If sales take off, however, don't be surprised if Cadillac does move forward with at least one new bodystyle.
Click past the jump to watch the premiere episode of "Wide Open Throttle."
Continue reading Cadillac denies ATS Coupe development halted [w/video]
On Tuesday, President Barack Obama visited the Washington Auto Show, and he even had time to get a closer look at a few vehicles. We're guessing that the carmakers were more than happy to set aside some time to talk to the Commander In Chief, but not every automaker got the chance.
Bloomberg says that the Association of Global Automakers is upset because the president only spent time with the Detroit Three, even though other automakers reportedly flew in executives from around the world for the occasion. The executives were reportedly on hand and waiting in a "bullpen" in the event President Obama had any questions about specific vehicles, but The Pres stuck to American cars like the Chevrolet Corvette ZR1, Ford Mustang Shelby GT500, Jeep Grand Cherokee and the Chevrolet Silverado.
AGA CEO Michael Stanton voiced his disappointment about the perceived slight, adding that many members "bent over backwards to meet the request from the White House." Stanton also points out that AGA members have invested $43 billion in the U.S. and employ over 80,000 workers here.
The "Government Motors" crowd isn't going to be happy about this: The Detroit News is reporting that the U.S. Treasury now says it has lost an extra $170 million in the auto industry bailout. The culprit? The declining price of General Motors stock.
According to the report, GM's stock crested at $37.23, but is down 35 percent from that level today. The Treasury Department based its calculations on a $21.29 value from November 30, 2011. The government's share of GM was initially 61 percent, but has been reduced to 26.5 percent. The News says that the lower stock price has kept the government from selling its remaining 500 million shares.
While political opponents of the Obama administration will no doubt jump all over this report, the final cost of the bailout is still looking like it will be far less than originally thought. According to the report, the $44 billion estimate was reduced to $30 billion in December 2009, and this most recent estimate puts the total sum at $23.77 billion.
Matthew Anderson, a Treasury spokesman, was quoted as saying: "The auto industry rescue helped save one million jobs and is still projected to cost dramatically less than many had expected during the crisis."
In the wake of last week's bruising hearing on Capitol Hill about the safety of the Chevrolet Volt (which itself followed an investigation by the National Highway Traffic Safety Administration that concluded plug-in vehicles do not "pose a greater risk of fire than gasoline-powered vehicles") former General Motors Vice Chairman Bob Lutz has written a column for Forbes that strikes back against the media (especially conservatives) who are attacking the car he thought would be one of his most important legacies.
Politicians and members of the media on the right, from Mitt Romney to Neil Cavuto, have talked smack about the Volt, and Lutz says this "has attracted my attention and ire." In typical Lutz fashion, he doesn't mince words, writing:
The Oscar for totally irresponsible journalism has to go to The O'Reilly Factor on Fox News, with, as its key guest, Lou Dobbs. Amid much jocular yukking, the Volt was depicted as a typical federal failure. ... Boiled down to the subtext, Dobbs' message was this: "All Volts catch fire, and therefore all Volts have been recalled." That simply isn't the case. ...
To top it off, these two media pros lamented the fact that the same government that had forced GM to produce the Volt was now extending $7,500 tax credits towards its purchase, thus squandering even more of "our taxpayer" dollars on this failed Socialist-collectivist flop. Truth? The $7,500 tax credit was enacted under the Bush administration!
Don't let Lutz's words make you think he's taking a left/liberal stance. He's still a self-declared "conservative Republican" who hates that right-wing talking heads are spiraling downward into this sort of "deliberate misstatement of facts." They "have managed to make me embarrassed to describe myself as a conservative," he writes, adding, "Let's leave the 'invention of facts' to the left-wing climate-change alarmists." There - that should offend pretty much everyone who's not in the dead political center.
Domestic automakers have much to be happy about, with Chrysler, Ford and General Motors all gaining market share last year for the first time since 1988. Yet according to Bloomberg, 2012 won't be as good to Detroit. Total sales are projected to grow from 12.8 million vehicles last year to 13.6 million, according to the report, but increasing competition from Korea and a Japanese recovery from the natural disasters of 2011 mean those extra sales aren't likely headed to the Big Three.
The news agency spoke to five analysts, and predictions have the U.S. automakers losing 1.3 percentage points this year. The analysts estimate that GM will drop 0.6 of a percent, Ford will lose 0.5 percent, and Chrysler will be down 0.2 percent. Toyota is seen gaining 0.9 percent, with Honda grabbing an extra 0.5 percent, while Hyundai and Kia are only projected to see their combined market share improve by 0.01.
If all this comes true, GM would have the top market share in the U.S. at 19 percent, with Ford in second at 16.3 percent, followed by Toyota at 13.8 percent, Chrysler at 10.5 percent, and Honda at 9.5 percent.
Barrett-Jackson 2012, Camaro ZL1 vs Shelby GT500, Volkswagen says it's really #1, C7 Chevrolet Corvette
Episode #266 of the Autoblog Podcast is here with Chris, Dan, Zach and Drew Phillips this week. Topics include the Barrett-Jackson auction, smack talk from the Camaro ZL1 chief, Volkswagen disputing GM's claim of #1 in the world, and a C7 Corvette sighting. Your questions and comments power the end of the 'cast, and for those of you who hung with us live on our UStream channel, thanks for taking the time. We've embedded our Q&A module after the jump for you to scroll through and follow along, too. Thanks for listening!
Autoblog Podcast #266:
Barrett-Jackson 2012
Camaro chief says ZL1 will beat Shelby GT500
GM beats Volkswagen, or does it? And does it matter?
Chevrolet C7 Corvette spotted
In the Autoblog Garage
2012 Cadillac CTS-V Wagon
2012 Jeep Wrangler
2012 Nissan Rogue
2012 Volkswagen Tiguan SEL
Hosts: Dan Roth, Chris Shunk, Drew Phillips, Zach Bowman
Runtime: 01:07:43
Get the podcast
[UStream] Listen live on Mondays at 10PM Eastern at UStream
[iTunes] Subscribe to the Autoblog Podcast in iTunes
[RSS] Add the Autoblog Podcast feed to your RSS aggregator
2008 was one crazy, almost surreal year. It was the year when the economy took a nosedive, and the U.S. auto industry nearly ceased to exist. One of the last major decisions former President Bush made before he left office was to give Chrysler and General Motors a combined $17.4 billion to keep their doors open.
That money held over the two automakers for a few months, but The Detroit News reports that the Bush administration almost took a different tack. The New Yorker published a 57-page economic memo that was written by economist Larry Summers to President Elect Obama. The memo claims that President Bush was noodling an earlier bankruptcy for the automakers, backed by up to $100 billion in government financing.
By instead forwarding GM and Chrysler a bridge loan, Bush (pictured here with former Chrysler CEO Bob Nardelli) effectively prolonged the inevitable and pushed the tough decision on to the next administration. But that could have been the best possible action to take - Summers was reportedly of the opinion that pushing the automakers through bankruptcy too early could have severely damaged the entire U.S. auto industry - not just at Chrysler and GM.
In the end, Chrysler entered bankruptcy in April, followed by GM in June. Chrysler no longer owes the federal government any money, but Uncle Sam still owns 26.5 percent of The General. As a result of the Bush administration's choices, the Obama administration is the one that gets the blame and credit (depending on your political viewpoint) for shepherding the two automakers through bankruptcy.
We record Episode #266 of the Autoblog Podcast tonight, and you can drop us your questions via our Q&A module below. Check out our discussion topics or chime in to help determine what else the crew chats about this evening. Subscribe to the Autoblog Podcast in iTunes if you haven't already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
Discussion Topics for Autoblog Podcast Episode #266
Barrett-Jackson 2012
Camaro chief says ZL1 will beat Shelby GT500
GM beats Volkswagen, or does it? And does it matter?
Chevrolet C7 Corvette spotted
[iTunes] Subscribe to the Autoblog Podcast in iTunes
[RSS] Add the Autoblog Podcast feed to your RSS aggregator
General Motors is having a hard time with the Chevrolet Volt. First, the National Highway Traffic Safety Administration opened a probe into the vehicle over the possibility of post-crash fires, and now some of its dealers are refusing to take their allocations of the extended-range plug-in hybrid. For example, according to Automotive News, GM set aside 104 Volt models for 14 dealerships across the greater New York City market. Of those vehicles, dealers took just 31. The problem isn't just out East, either. The report claims one California dealer turned down all six Volt models allocated to him despite the fact that his franchise sold 10 of the vehicles last year.
GM, meanwhile, admits that ordering on the vehicle is down. The automaker attributes the slump to the fact that most dealers were awaiting resolution on the NHTSA investigation (the Volt has since been given a clean bill of health), though GM has announced a voluntary repair to prevent the fires in the future. Even so, public opinion on the vehicle has taken a ding, and many dealers may simply be waiting for the dust to settle before recommitting to the model.
