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Ford CFO Don Leclair retiring, Ford Europe's Booth will replace him



Ford Chief Financial Officer Don Leclair has decided to hang up his spreadsheets after an illustrious career at the Blue Oval. Leclair worked at Ford for 32 years and has held the top financial post there since 2003. Succeeding Leclair will be Ford of Europe President Lewis Booth. Booth has helped lead Ford's positive transformation in Europe and grow Mazda's success around the world, which are probably Ford's two largest successes of the past decade. Excruciatingly tough times in North America await Booth upon his arrival Stateside, and team Ford needs some of that same magic he had in Europe to pull the 105-year-old automaker out of its current situation. Leclair and Booth will be working together over the next few weeks to ensure that no balls drop during the transfer of power.

We're sure Mr. Leclair would have loved to leave the Blue Oval during happier times, and we hope his retirement is a long and enjoyable one. If stocks are part of his exit package, though, it may be some time before he has a chance to relax.

[Source: Ford, Photo by William Thomas Cain/Getty]

Continue reading Ford CFO Don Leclair retiring, Ford Europe's Booth will replace him

VIDEO: Mazda releases unrevealing teaser vid of 2010 Mazda3


Click above to view video after the jump

Mazda has already given us a sneak-peak at its long-awaited 2010 Mazda3, and while we like what we've seen so far, we want more. We know that team Zoom Zoom is adding a new 2.5L engine to replace the outgoing 2.3L engine, and that the full Monte will be shown at the LA Auto Show next month, but anything more would be great. We came across a short video clip of the Mazda3 in action, but it's 12 seconds long and shows the same three photos we've already seen with moving wheel animations. Needless to say, it's a little disappointing. Now is as good of a time as any to look at the high-resolution pics we do have in the gallery below, and if you need help imagining what Mazda's top-selling sedan looks like in motion, hit the jump.

Gallery: 2010 Mazda3


[Source: eGMCarTech]

Continue reading VIDEO: Mazda releases unrevealing teaser vid of 2010 Mazda3

X2 might be out, but BMW could be planning an X4



BMW has been aggressively expanding its vehicle offerings, and like most other automakers, crossovers make up the majority of additions. Earlier this year, team Bimmer added the X6, and with the X1 concept unveiled in Paris, mild-to-wild CUVs seem to be the focus for the boys in Bavaria. Automotive News is reporting that the SAV love will continue next year when BMW unleashes the X4. Design elements are said to come from the larger X6, which is to say that it'll probably look like a really tall hatchback. The X1 concept and the production X3 are based off of the excellent 3-Series platform, and we're guessing the X4 will also don the sharp-handling underpinnings.

If this is what BMW needs to do in order to remain the world's top-selling luxury automaker, we're not so sure it's worth the trouble. The X1 will probably sell relatively well, but it will do so with underwhelming sheet metal. An X4 based off the X6 sounds like an even worse proposition, but then again, we didn't think the X6 was a bright idea either.

UPDATE: A BMW spokesperson told 4Car that the automaker has no plans to produce an X4.

[Source: Automotive News - Sub. Req.]

Mazda MX-5 will get lighter, maybe alternative powertrain


Click above for high-res gallery of the Mazda MX-5

The Mazda MX-5 is one of the world's best handling cars under $25,000, and as much as we Americans want more power and size to turn the Japanese roadster into a proper pony car, that's probably not going to happen. Increased fuel economy and CO2 reductions will force the MX-5 into the same situation as larger vehicles. It has to get more efficient and lighter to stay competitive. MX-5 program manager Takao Kijima told Drive that Mazda is looking at alternative powertrains for its little roadster, but the Zoom Zoom specialists are also looking to drop 10% of the car's weight.

One way to improve efficiency is with diesel technology. Diesels can be 30% more efficient than petrol powerplants, but beefier diesel parts means that total displacement must be smaller than the current engine's 2.0 liters. Another idea is a hybrid, which, like the diesel, would provide instant torque that would also add weight to a vehicle that's just about to go on a diet. Kijima also stated that any MX-5 would absolutely have to have 50/50 weight distribution, meaning that a hybrid with its heavy batteries would by tricky, but not impossible. For our money, we'll take a 10% lighter Miata with a smaller turbocharged, direct-inject gas engine with ethanol injections.


[Source: Drive]

Meet the Beckers: Audi has fun at expense of BMW, Mercedes and Lexus


Click above to watch video after the jump

Audi wants you to know that its customers are normal people just like you and I, and it's created a series of shorts to prove this point. But instead of showing moms and dads driving their kids to soccer games in a Q7 or going through the McDonalds drive-thru to pick up some chicken nuggets in an A4, the German automaker took a more comedic tack. Before you roll your eyes and scroll down to the next post, trust us on this one, it is absolutely priceless.

After the jump is a three-and-a-half-minute video called "Meet the Beckers" that chronicles a couple driving to the family home (mansion) for a reunion. They seem normal and even likable. The video also shows other members of the Becker clan heading to the reunion, but they're driving a BMW, Mercedes, and Lexus RX350. Instead of pointing out the virtues of Audi vs. the competition, the four-ringed automaker hammers home the long standing stereotypes associated with the other players in the luxury market. The creepy couple in the BMW convertible cuts off a Prius and the driver has a Bluetooth headset on his ear. The Mercedes owner is an old man with a hot young bride, and he he drives away with the wipers going and his blinker on. The Lexus owners are yuppies with twins who appear to have a devil-worship problem. This is laugh till you cry stuff, folks, and an absolute must watch.

[Source: YouTube]
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Continue reading Meet the Beckers: Audi has fun at expense of BMW, Mercedes and Lexus

Toyota struggling to meet global sales, profit targets

The auto market is in the tank right now, with sales dropping to 1991 levels and Detroit automakers in a cash crunch of horrendous proportions. Even Japanese automakers are struggling, and perhaps the biggest sign that something is terribly wrong is that Toyota is even feeling the pain. The Japanese automaker's sales dropped by an incredible 32% last month compared to September 2007, which was preceded by drops of 9.7%, 18% and 11% in prior months. Toyota has already lowered its global sales target for the year to 9.5 million units to reflect the trouble it's experiencing in the U.S. market, but recent news from Europe is that production is being cut there, as well.

The worst news for Toyota would likely be welcome news to the rest of the automotive universe: the Japanese juggernaut will only rake in about $12 billion of profit this year. While that's an absolute treasure trove of cold, hard cash, it's about 40% less than Toyota had earlier forecasted. Toyota's stock has also taken a hit during these challenging times, with its current value down about $23 per share under its 52-week high of $58.76. The worst part about the automotive market is that there appears to be no end in sight, which means there is more bad news to come; even from Toyota.

[Source: Automotive News, sub. req'd]

GM drops HotShot windshield washer system after expensive recall

General Motors has nixed an optional hot-spray windshield washer system called HotShot from all of its cars and trucks after an electrical short in the systems caused the recall of 944,000 vehicles. GM told the National Highway Traffic Safety Administration that a short on the circuit board of the fluid heater could overheat the control-circuit ground wire. The problem has resulted in 34 warranty claims so far and three reports of fires may have been caused by the system. To fix the problem, dealers will add a wiring harness with an inline fuse, and all GM retail outlets should have the required parts to fix the problem free of charge by November 1. Vehicles affected include the Buick Lucerne and Enclave, the Cadillac DTS and Escalade, the GMC Yukon, Sierra and Acadia, the Saturn Outlook, the Hummer H2, and the Chevy Silverado, Avalanche, Tahoe, and Suburban.

GM blames the system's suburban Detroit supplier, Microheat, for the problem, and the small company has reportedly shrunk in size in preparation of forever closing its doors. The General wants Microheat to pay for the recall, which is estimated to cost between $20 and $25 million, and the small supplier has countered by reminding the automaker that it's still owed $3.7 million for parts and tooling. The whole affair is a shame, as heated windshield washer fluid is a nice luxury that makes de-icing and de-bugging your windshield a hands-off affair. As far as we know, Microheat is the only supplier offering this technology, so when it goes, so does the option altogether.

[Source: Automotive News, sub. req'd]

Buy high, sell low: GM may unload RenCen for the cash

One thing's for sure, General Motors is not very good at playing the real estate market. Last May the world's biggest automaker finally bought its world headquarters in downtown Detroit called the Renaissance Center for the sum of $626 million. It had initially bought into the complex of seven buildings back in 1996 for $75 million, but had continued leasing office space there until the purchase earlier this year. Here we are not five months later after the purchase and GM is reportedly considering selling the RenCen to raise $500 million fast.

Rather than selling the RenCen at a loss, the preferred plan reportedly would be to mortgage the property to one or both of Detroit's pension funds to the tune of $500 million, but seeing as they're both already heavily invested in downtown Detroit property, that's not likely to happen.

GM's ultimate goal is to quickly raise $5 billion by selling any non-essential assets, including things like the RenCen, HUMMER and its medium-duty truck business. If the RenCen were sold, GM would forego working out of a cardboard box by going back to leasing the office space it's currently using.

[Source: The Detroit News, Photo by Bruce Bennett/Getty]

VIDEO: BrakeNutz - because TruckNutz don't light up


Click above to view video after the jump

If you've been proudly displaying TruckNutz on the bumper of your pickup, you may have noticed that people are so transfixed by your artificial clock-weights that they nearly rear end you. The cleaver testes decorators at BrakeNutz have the answer: TruckNutz that double as an extra brake light. BrakeNutz can be plugged into your truck's existing wire harness, and when you brake they light up a brilliant red as if your F-150 has just been kicked in the crotch. Hit the jump to view BrakeNutz in action, if only to see what happens when you use the turn signal!

[Source: BrakeNutz via Jalopnik]

Continue reading VIDEO: BrakeNutz - because TruckNutz don't light up

Consumer Reports rates three-row SUVs, Flex and CX-9 in top five


Click above for high-res gallery of the Ford Flex

The Ford Flex and Mazda CX-9 haven't exactly lit up the sales charts lately, and the Flex even has $2,500 in incentives on its hood to try and move units in this atrocity of an automotive market. Despite slow sales, the two well regarded three-row crossovers have made the Consumer Reports short list. The consumer advocacy magazine ranked the top 17 three row crossovers on the market, and the Flex and CX-9 cracked the top five for the first time. The Flex was lauded for its quality interior, roominess, unique style, and the SYNC system, while the CX-9 was given kudos for driving dynamics, steering, transmission and interior flexibility. The two models teamed up to boot the perennial top five Honda Pilot, which even fell out of the top 10 in spite of a thorough redesign this year.

The big winner in the CR SUV rankings was the Toyota Highlander. The hybrid version finished with the top overall score of 86, and the standard model received a good-for-second-place 81. The Acura MDX came in third with 80 points. GM's Lambda-based crossovers all tied for 6th place with a total score of 75 points each. The Consumer Report SUV rankings will appear in its November issue, which should be hitting store shelves just about now.

Gallery: In the Autoblog Garage: 2009 Ford Flex



[Source: Free Press]

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