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Auto execs turn away from EV, focus r&d on downsizing, hybrids.

http://www.autonews.com/article/20130208/ANE/302089999#ixzz2KHnvsKYL

 

Nissan has Europe’s top-selling electric car, the Leaf, but the volume in 2012 was just 5,341 units, according to the company. As late as June last year, Nissan executives told Automotive News Europe they aimed to sell 9,000 units of the EV compact in 2012.

 

As of October last year, just 15,272 electric cars were sold in the EU, according to data from the European Association for Battery, Hybrid & Fuel Cell Electric Vehicles (Avere). Despite thousands of euros in government incentives, electric cars are still much more expensive than comparably sized gasoline- or diesel-powered cars.

 

In the UK, which Avere ranks as the fourth-largest market for electric cars in Europe, the Leaf costs 23,490 pounds (27,960 euros) after a 5,000-pound government-funded discount. By comparison, a similar-sized Nissan Qashqai starts at 16,595 pounds.

 

Some automakers are cutting or scaling back EV model programs. Opel said last year it had axed the electric version of its Adam minicar, citing high costs. At the other end of the price scale, Audi has pulled back from offering customers an all-electric, E-tron version of its R8 supercar.

 

“Ten vehicles have been assembled, and these are primarily intended for internal purposes,” a spokesman said.

 

The company had promised production versions for sale at the end of last year. The first E-tron Audi will now be a plug-in hybrid version of its A3 compact, due 2014.

 

Another hindrance to the uptake of EVs is the lack of recharging facilities across Europe. “It will be nearly impossible to persuade consumers of the merits of the actual e-vehicles if there is nowhere to plug them in,” Ivan Hodac, secretary general of European auto industry group ACEA, said in a statement last month.

 

Carmakers argue that if you have the right infrastructure and the right incentives, demand for electric cars will take off. One country that has proved this is Norway.

 

According to Avere, Norway has Europe’s second-largest EV market after France. Nissan’s figures show that the Scandinavian country accounted for more than half of all Leaf sales in Europe last year.

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The Global Car, or when an Audi A4 will be just a Passat with nice accessories.

 

The sense from competitors and auto analysts is that VW's rollout of MQB is likely to be as influential as such earlier innovations as Ford's adaptation of standardized parts, GM's "ladder" of brands and Toyota's streamlined production system.

 

 

 

Insight: Has Volkswagen discovered the Holy Grail of carmakers?

http://www.reuters.com/article/2013/02/11/us-autos-volkswagen-future-idUSBRE91A04D20130211?feedType=RSS&feedName=businessNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=56943

After a six-year gestation, VW has just begun to implement its sophisticated and highly flexible platform with the deceptively simple label MQB, a German acronym for "modular transverse matrix." Virtually all of the group's small and medium front-wheel-drive family models, including the latest generations of the VW Golf and Audi A3, are being designed around MQB as their base.

 

The new platform features a far greater degree of plug-and-play modularity, flexibility and parts commonality than at Toyota, General Motors Co, Ford and other competitors.

 

MQB "could be the single most important automotive initiative of the past 25 years," says Michael Robinet, managing director of IHS Consulting in Northville, Michigan. "It really changes the game."

 

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Any of you who looked into Durr? A german player dependent for 80% of its revenue on the automotive industry as it delivers the plant engineering and machinery, mainly for painting and assembling of cars (also active in aircraft, green production processes etc).

 

Stock price has run up terribly in the past years.

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How to succeed by adding brands: VW, Chrysler strategies counter those of rivals

Read more: http://www.autonews.com/article/20130225/RETAIL07/302259966#ixzz2LvfXaopd

 

On the flip side, GM went from nine brands in the United States a decade ago to four now. Ford Motor Co. dropped from seven to two, though four of its five castoffs survive under new ownership.

 

"We're going against the grain," Chrysler-Fiat CEO Sergio Marchionne said last month. "Ford has decided to go with an oval strategy across the whole range, and we're the only ones that keep on carving up or have carved up our brand-name portfolio into more distinct pieces."

 

 

Brand churn

Additions, subtractions to the U.S. brand roster since 2000

New

Alfa Romeo, 2013 (planned)

Fiat, 2010

Fisker, 2010

Ram, 2009

Tesla, 2008

Smart, 2008

Bugatti, 2006

Maybach, 2003

Scion, 2002

Mini, 2002

Hummer, 2000

 

Dead

Suzuki, 2012

Maybach, 2012

Saab, 2011

Mercury, 2010

Pontiac, 2010

Saturn, 2010

Hummer, 2010

Isuzu, 2008

Oldsmobile, 2004

Daewoo, 2002

Plymouth, 2001

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This was good, thanks.  I missed one the links between housing and autos.  Obviously they are correlated because they are both tied to the economy, but as housing and construction increase people will buy more pickups which are higher margin products.

 

Yes sir, though this is being a problem on both consumer dimensions.

 

http://farm9.staticflickr.com/8232/8564010564_5f683f74c3.jpg

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Is that data from a skewed population or include things like SS and Medicare because it is hard to believe the average 55 to 73 year old has a $1 million net worth. 

 

Packer

 

There is a power law, the median is much lower than the mean. The 6 ft man that drowns in the pond that is 5 ft deep on average.

 

Source: http://blog.governmentwedeserve.org/2013/03/15/lost-generations-wealth-building-among-the-young/

 

Another source telling similar story and numbers: http://en.wikipedia.org/wiki/Wealth_in_the_United_States#Distribution_of_wealth

 

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Detroit Seizes Share in First Half With New Buyers

http://www.bloomberg.com/news/2013-07-03/detroit-seizes-share-in-first-half-with-new-buyers.html

 

“We live in a time where you can, with a straight face, say the best compact sedan that you can buy in the marketplace is a Chevrolet,” Ed Kim, an analyst with AutoPacific Inc. in Tustin, California, said of the Cruze. “When was the last time anyone could say that and not get laughed out of the room?”

 

“These are probably some of the best products we’ve seen from American manufacturers since the early 1970s,” said Wolkonowicz, who believes a new generation is embracing Detroit. “Younger buyers are more prone to buy American and one reason is they want to be different than Mom and Dad, who fell in love with Japan Inc.”

 

 

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