Jonathon Ramsey

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REUTERS: China's BAIC secures $2.1B line of credit... is it for Saab?

by Jonathon Ramsey (RSS feed) on Dec 6th, 2009 at 12:37PM



Beijing Automotive Industry Corporation (BAIC) could still be in the game for Saab, having secured a $2.93 billion line of credit from the Bank of China. On the other hand, BAIC could just be gearing up for its own home-grown expansion plans, with an eye on ramping up production and putting financial and technological legs underneath its partnerships with Mercedes and Hyundai.

Or... it could be doing both: trying to buy Saab and as well as remodel its business. The deal for Saab between GM and Koenigsegg was for about $1 billion: the European Investment Bank approved a loan for $615 million, and BAIC provided about $400 million by buying a minority stake in the Koenigsegg Group. If BAIC did its own deal with GM for that same amount -- although we have a feeling they could get a Christmas discount -- that would leave nearly $2 billion for BAIC to take care of Saab and invest in its own operations.

This is, of course, pure speculation -- BAIC could have something else in mind entirely. All we know right now is that they've got a lotta yuan just sitting around waiting to be spent, and aborted plans to build the new 9-5 in China. This Saab story isn't finished yet...

[Source: Reuters]

VIDEO: STR8 Weird: Euro cologne TV spot sounds like Mopar, looks like Chevy, but mostly stinks

by Jonathon Ramsey (RSS feed) on Dec 5th, 2009 at 7:57PM

STR8 Cologne TV commercial
STR8 Challenger cologne TV commercial -- Click above to watch the video

According to one of the YouTube commenters for the STR8 Challenger cologne commercial embedded after the jump, it was made for Polish television. Which , of course, makes perfect sense, since the whole thing's in English. Regardless, the ad features Captain Generic Macho driving a Chevy Camaro, which gradually transforms into a giant robot tsunami of cologne that deposits him into the arms of Random Desert Babe. Frankly, "STR8 Challenger" sounds a lot more more like a certain Mopar than some quasi pheromone for European dudes. Check out the video after the jump to see how you too can have it "STR8 My Way." Or, at least, smell like you do. Or something. Hat tip to our man in Poland, Rafal!

[Source: YouTube]

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Umlautfest: Kimi Räikkönen signs with Citroën Red Bull rally team

by Jonathon Ramsey (RSS feed) on Dec 5th, 2009 at 3:22PM



Kimi Räikkönen is now a WRC driver. The Flying Finn will pilot one of two Citroën CR4 Junior Team cars with Kaj Lindström as his co-driver. It's been in the works for a while, and from the sounds of it, no one appears to have any doubts that Raikkonen will do well there. Team boss Olivier Quesnel rates the ex-Ferrari pilot highly, saying, "What he did there in a S2000 was amazing," when speaking of Kimi's run in an Abarth in a Finnish rally earlier this year.

Even 2003 WRC title winner Petter Solberg puts Kimi in with a shout, commenting, "If he's in a decent World Rally Car next season I think he could finish between third and fifth on some rallies." This will put four Citroën cars in next year's Championship, with returning title winners Sébastien Loeb and Daniel Elena, Dani Sordo and Marc Marti, plus the junior cars of Räikkönen/Lindström and Sébastien Ogier and co-driver Julien Ingrassia. You can check out Citroën's official release after the jump.

[Source: Citroën]

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Ford Motor Company

Driving Skills for Life

Ford hosted another Driving Skills for Life driving camp in Washington D.C. just before a two-day summit created by the U.S. Department of Transportation on the topic of distracted driving. The connection of the two is a natural.

Full Coverage >

Royal Scam? UK license plate "D1ANA" expected to fetch £100,000 at COYS auction

by Jonathon Ramsey (RSS feed) on Dec 1st, 2009 at 6:01PM

Coys of Kensington will be hosting a True Greats auction on December 1, and among the items for sale will be an MG service manual (Lot 1), a Corvette poster (Lot 61), and some pre-WWII driving gauntlets (Lot 81). Oh, and there'll also be the matter of Lot 142, a number plate reading "D1ANA" expected to pull down £100,000. That's $164,174 to us here in the American system.

That's no small beer, certainly, yet while it might appear to be impressive, other less obviously impressive number plates have recently been fetching ridiculous amounts: aside from the UK tuner who bought the "F 1" plate for $870,000, earlier this year a gent – also in the UK – bought "1 D" for $513,000. And it's not just our British pals in that game: "D1ANA" is far less fetching than the number "6," which was bought by a Delaware man for $675,000. So there.

The preliminary viewing was today, but it's not too late to get in on the auction. Follow the jump for the press release, and get your pounds and pence ready.

[Source: Coys]

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Spy Shots: BMW M3 caught with new LED taillamps

by Jonathon Ramsey (RSS feed) on Dec 1st, 2009 at 10:59AM Spy Shots

2010 BMW M3 -- Click above for image gallery

Just a couple of years into its run, this is your slightly revised BMW M3, free of camo save for the taillights. The photog on the scene said there is nothing we should expect from the next Munich mauler save for new LED lamps in back and an updated interior. We speculate that cabin changes will include upgraded materials and lines that bring it closer to its recently unveiled siblings higher up the food chain. And that should be enough to keep everyone happy while BMW and M3 mavens focus on the M3 GTS.


Gallery: BMW M3 caught with new LED taillamps


[Source: CarPix]

The Amatoya: Meet the next generation of fire fighting vehicles

by Jonathon Ramsey (RSS feed) on Dec 1st, 2009 at 10:29AM

Amatoya Reconnaissance and Suppression Vehicle - Click above for image gallery

Designer Liam Ferguson's vision of how to fight fires almost makes us wish we were firemen – as long as we could have the keys to one of these. The Amatoya is a site recon and light tanker vehicle designed with a philosophy much more military than civilian. The seating position is like that of a AH-1 Cobra gunship, with the co-pilot up and behind the driver. The Amatoya is built on a monococque steel body, like armed forces MRAPs, insulated with NASA's aerogel, and painted with "military grade sacrificial thermo ceramic intumescent paints."

The Remotely Operated Suppression Cannon Outfit (ROSCO) can has a 2,200-liter (581 gallons) total water capacity, all the better for the fact that the crew members don't need to leave the vehicle to employ it. Nor should they have much problem getting to the fire, with absurd clearances all around, directional spotlights, and a thermal imaging camera. The only weak point would appear to be the rubber tires, which would melt long before the Space-Shuttle-worthy body would.

Still, we'd take one in a second. Take a peek at it yourself in the gallery of photos below.


Gallery: Amatoya Reconnaissance and Suppression Vehicle


[Source: Yanko Design]

Push Me, Pull You: R&T investigates the comings and goings of gear changes

by Jonathon Ramsey (RSS feed) on Dec 1st, 2009 at 8:59AM



When it isn't unusual to get into five or six different cars a month, you realize you spend a lot of time figuring out how, and how many ways, one can shift the gears in an automatic or double-clutch car. Where is the shifter? How many settings does the shifter have? How do I get into manual shift mode? Once there, how does it work? Are there paddle shifters as well? Do the paddle shifters move with the wheel or not? And so on...

Road & Track surveyed a number of automakers about how they set up their manual shifting modes. Some require you to push the lever forward to upshift, while for others that's a downshift, and a couple demand you move the lever side-to-side. The 13 makers examined all have their reasons, the loose consensus being that the forward-for-downshift bunch is modeled after driving dynamics, the forward-for-upshift bunch based on intuitiveness and customer feedback.

At least two makers have two cars that use different shifting methods. And if not for Subaru, Audi, and Porsche there'd be a nice way to classify the forward-for-upshift crowd as being for buyers who aren't into sporting driving. As far as we're concerned, forward should be for downshifts, and single-function paddles should be mounted on the wheel, not the column. But you can tell us what you think in the comments.

[Source: Road & Track]

Global search reportedly on to find successor for Ratan Tata

by Jonathon Ramsey (RSS feed) on Dec 1st, 2009 at 7:59AM



Three years ago the retirement age for Tata's holding company was upped to 75. Although Ratan Tata is only 71, there is no obvious successor to take his place at the head of India's global conglomerate, so the search has begun for the leader of the next act.

Whoever that person is will take the conductor's baton and guide an orchestra of 98 companies and 357,000 workers. He or she will also need to deal with the twin anchors of Jaguar-Land Rover debt and Corus Steel debt, both of which were brought on by economic freefall after top-of-the-market acquisitions.

At this point it looks like the CEO spot will be taken by someone outside the Tata family for only the second time in the history of the company. And while Ratan Tata has said "It would certainly be easier if [my successor] were an Indian national," he is open to filling the position with a foreigner. The company has three years to conclude, with Tata expected to step down in 2012.

[Source: Times Online | Photo: INDRANIL MUKHERJEE/AFP/Getty Images]

Essen 2009: 1,050-hp 1956 Mercedes Gullwing drag car

by Jonathon Ramsey (RSS feed) on Nov 30th, 2009 at 7:28PM

Gullwing dragster - Click above for high-res image gallery

This ungainly little creature had an area all to itself at this year's Essen Motor Show. Built over four years by Swiss drag racer Stefan Winter – who is a roofer by trade – the most important thing to say is this: Winter did not mangle a genuine 1956 Mercedes 300 SL to create this beast, and we can thank all the gods that be for that. He copied the body in fiberglass and placed it over a tube chassis, hiding a small block Chevy in front that's been bored out to 422 cubic inches.

With modified pistons, crankshaft, cylinder heads, and a bit more black-art-ness, the gullwinged monster puts 1,050 horsepower to the ground through a 3-speed transmission and rear tires 15 inches across. The 1/4-mile rolls off in 8.1 seconds at 166 mph. If nothing else, at that speed he shouldn't have any problem with keeping the car's interior cool, a problem the originals were known for...


Gallery: Essen 2009: Mercedes Gullwing Dragster


[Source: Das Auto Blog (translated) via Autoblog.nl]

REPORT: Renault and Russia come to agreement on AvtoVAZ

by Jonathon Ramsey (RSS feed) on Nov 30th, 2009 at 1:59PM



Renault has found a way to appease Russian Prime Minister Vladimir Putin that didn't involve writing a check for $850 million. The French company took a 25% stake in Russian carmaker Avtovaz, and when Avtovaz started having a hard time of it earlier this year Renault looked content to see how things turned out. Putin wasn't: he told Carlos Ghosn to inject cash into Avtovaz, or Putin would dilute Renault's stake with a share sale.

Things retreated from the cliff when Renault promised technology to Avtovaz, in return for which Russia would put 50 billion rubes ($1.7 billion U.S.) into the company. Renault's technology share is valued at €240 million ($358 million U.S.). The know-how could be of greater assistance to both companies than if Renault had contributed cash: Avotvaz gets something it can build on long term, and Renault doesn't have to throw good rubles after bad.

Avtovaz is nowhere near rescued, however. The company remains loaded with debt, making it difficult to finance its restructuring, and sales of its primary vehicle, Lada, haven't rebounded. And to hear Putin tell it, he could be knocking on Renault's door again soon.

[Source: Bloomberg | Photo: PIERRE VERDY/AFP/Getty Images]

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Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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