Sensing the ripe market opportunity, Nissan will start producing various light-commercial and medium-duty trucks in 2010. The targeted segment is currently dominated by Ford and GM, where the miscellaneous cabs and frames are used to produce such vehicles as dump trucks, tow trucks, and school buses. Now, Nissan wants a piece of the pie. Larry Dominique, Nissan's VP of product planning, wouldn't disclose details right now, but he did say that a handful of new products will be needed to satisfy the new commercial truck dealers – and Nissan is more than willing to oblige. Joe Castelli, the former director of Ford's commercial trucks (and now a VP of commercial trucks at Nissan), said the Japanese automaker will be pulling from their global stable of commercial components (branded Atlas and Atleon in other markets) to quickly adapt them for the U.S. market. Nissan's official commercial truck plans will be announced in January at the Detroit Auto Show, and we'll be there to judge reactions.
click above to view more high-res pics of the 2008 Jeep Liberty
Employees at Jeep's factory in Toledo, Ohio reported back to work this week after two months of mandatory downtime. The good news is that they still have their jobs; the bad news is that they've been told to expect another four weeks off before the end of the year. This time, however, the shutdowns will be scheduled in week-long intervals instead of covering an entire four-week period. The slowdown of SUV sales has been widely covered and the Jeep brand has not been immune, including its bread-and-butter Wrangler model that had proven extremely popular a short while back when the first-ever four-door version was unveiled. Of course, back then gas was below $3 a gallon. Besides the Wrangler, Jeep also makes the Liberty and Dodge Nitro at the Toledo plant.
click above to view more high-res shots of the Euro-Focus
News flash: small cars like the Ford Focus are selling beyond expectations (ours anyway) while trucks and SUVs are sitting on dealer lots much longer than auto manufacturers would like. For this reason, Ford is moving as quickly as possible to switch a few of its truck plants into car plants, including its Michigan Truck plant where behemoth SUVs like the Expedition and Navigator were being built. The switchover is going to cost the automaker since these are not flexible manufacturing facilities, with the first bit of retooling ringing the registers to the tune of $75 million bucks -- and that's just for a new bodyshop. The total cost to retool the plant will be in the hundreds of millions. As they say, it takes money to make money. While the plant is being refurbished, workers will be shuffled to the nearby Wayne plant to build even more Focuses. The best bit of news, though, is that Ford will finally be building its small cars from Europe at its converted truck plant, the ones we've all been asking for since the Euro-Focus got a new platform and we didn't. Not that we're still sour or anything...
Toyota Financial Services recently leaped over GMAC Financial services to take the lead as the biggest U.S. auto lender in terms of loan and lease contract volume. The study by AutoCount (a unit of the Experian Automotive company) estimates that Toyota captured 6.35% of the market from January through June, while GMAC had 6.2% for a close second place. Rounding out the top five were Chase Auto Finance, American Honda Finance, and Ford Credit (in that order).
As GMAC has made major cutbacks in leasing over the summer, many industry experts expect Toyota to hold its lead through the end of the year. A spokesperson from GMAC was quick to point out that the study did not include two wholly owned subsidiaries: Nuvel Credit and National Auto Finance. When those two companies are included, GMAC's share increases to 6.72 percent -- effectively placing them at the top again. While the automakers battle for the title position, the independent banks are the ones to watch. They've been steadily increasing their lending share as the Detroit 3 struggle with the rising costs of funds and declining credit ratings.
Fueling speculation that the Tata protests last week may have been much more effective than originally reported, India's Tata Motors Ltd has said it will move the upcoming Tata Nano plant from its planned eastern India location if the violent protests don't end. The tension is between the industry that is pushing for the 1,000-acre plant and the farmers who wish to retain the land for agricultural use. After the unveiling of the plant in January, which was hailed by the state's ruling Communists, the protests have been gathering steam. It eventually led to the violent clash last week as more than 1,000 people marched against the planned facility. The announcement from Tata Motors is significant as the company has invested more than 1,500 crore rupees ($350 million) in the project so far, and there is no alternate plan to replace the facility at Singur (although the Nano is going to be manufactured at other plants, as well). In addition, other manufacturers who are expanding into India (including Nissan, Renault, GM, and Hyundai) are watching the unfolding events very closely as they plan their next moves.
Click above for more new live shots of the 2011 Chevy Cruze
Yesterday's announcement by General Motors CEO Rick Wagoner that his company would invest $500 million in the U.S. to build the 2011 Chevy Cruze was perhaps most welcomed by the workers at GM's assembly plant in Lordstown, OH where the car will be built. That plant is getting a $350 million shot in the arm to gear up for the Cruze, which appeared on stage with Wagoner for the announcement. The car on hand was only a foam model, but it looks ready to drive away in (just don't lean on the doors), and these new images give us a few more views of the Cruze not afforded by the official images of a red car released by GM yesterday. Cruze news will probably be hard to come by until October when the car makes its official world debut at the Paris Motor Show, so until then we're left wondering how well it will match up against the likes of the Toyota Corolla, Honda Civic, next-gen Focus and the rest of the compact sedan segment.
Gallery: 2011 Chevy Cruze
[Source: GM, Photos by Bill Pugliano/Getty and David A. DeNoma]
Click above for high-res gallery of the 2011 Chevy Cruze
The 2011 Chevy Cruze is a big deal. It's not Tom Cruise big, but when was the last time GM offered a truly competitive small car? The Cobalt has been around since 2005, and the Cavalier dates back to 1982. So it's been at least 26 years of Chevy offering a back of the pack small car. The Cruze is a bit different, having been developed not by GM's designers and engineers in North America, but by its European and Asia Pacific teams. It will debut at the Paris Motor Show in October and go on sale in Europe and Asia next year. About a year after that the Cruze will go on sale in the U.S., and that version will be built at GM's plant in Lordstown, OH. GM CEO Rick Wagoner was at the plant today to announce a $500 million investment in its U.S. operations to build the Cruze here, with more than $350 million earmarked for the Lordstown plant where the current Chevy Cobalt and Pontiac G5 are built.
The Lordstown plant will likely build the new Cruze side-by-side with the Cobalt and G5 for a while until the latter two are phased out. It rides on GM's new compact Delta platform, which itself will eventually underpin a number of new products including the highly anticipated Volt, the next-gen Astra and an upcoming MPV to replace the Euro-only Zafira that's likely coming to the U.S., as well. UPDATE:Two live shots of the Cruze from today's announcement from GM's Lordstown plant have been added to the gallery.
Click above for a high-res gallery of the Tata Nano
Raze 1,000-acres of farmland to build an automobile factory, and somebody is going to protest. Even in India. The automaker is Tata, and the protesters numbered at least 1,000 strong as they went head-to-head against police in eastern India yesterday at the future manufacturing site of the Tata Nano (rumored to be the world's cheapest car at just $2,380). The protests are rooted deeper than just "open space" issues. In fact, the real tension is between India's ruling party, and the communist-run government in West Bengal where the plant is to be located. The farmers are unwilling to part with their agricultural livelihood, while the government continues to promote industry. After blocking a highway for a few hours, the stick-wielding protesters were dispersed without injuries. Once again, progress wins out over pastures.
After over a year of being shuttered, Ford's abandoned plant in Wixom, Michigan could get a new lease on life in the form of a movie studio. Rumor has it that Warner Brothers Pictures is considering taking up residence in the ex-auto plant for a short period, though Ford may want something a bit more long-term. The production company has confirmed that it toured the plant for the first time about four months ago with officials from Ford present. When contacted for comment, a Ford spokesperson said only that the automaker would prefer to do something worthwhile with its old plant, but had no announcements to make.
Measuring in at over four-million square-feet, the old building has plenty of room and Warner Bros. would build a "small city" around the space, hiring between sixty and one-hundred permanent employees plus many part-timers and contract workers -- certainly a boon for the city's lagging economy -- not to mention starting the careers of a whole new generation of paparazzi.
Click on the pic above for our high-res 2009 Ford F-150 gallery
As staggering as it may seem, the 2008 Ford F-150 pickup can be ordered in billions of different combinations. That's all going to change for 2009. In an effort to reduce complexity and cut spiraling costs in the process, Ford will be slashing the number of possible F-150 configurations by 90 percent. The automaker isn't leaving the rest of the lineup alone either. The Ford Expedition goes from 250,000 combos down to fewer than 10,000. The 2009 Lincoln MKS debuts with about 300 combinations, and the 2010 Ford Focus will offer only about 150, which is 95 percent fewer than the current model. Are you in the market for a 2009 Ford F-150 and worried that you won't be able to get it exactly the way you want? Don't fret, Ford will still offer more than 9 million combinations for next year's model, including a brown one we presume.