Autoblog

While the U.S. banking industry is still waiting for Congress to give it a $700 billion hand, President Bush signed into law last night the spending bill that gives U.S. automakers $25 billion in loans to get their collective act together.

But unlike when a bank deems you worthy of their money, the Big Three won't be getting any cash for some time. Despite the companys' CEOs saying repeatedly how they were desperate for help and how automotive life as they know it would end if they didn't get financial help, there's at least a 60-day delay until they can cash this check.

Written into the bill is a clause requiring the Energy Department to come up with regulations that will determine who gets what and when. The agency has 60 days to do this, but could take much longer, as much as 18 months according to a department spokesperson.

Desperate or not, looks like GM, Ford and Chrysler are now at the mercy of the Energy Department.

[Source: Wall Street Journal]

Motor Trend says on its blog that they are busily putting 17 new or newly redesigned cars through an "exhaustive evaluation process" that will result in 10 finalists for their Car of the Year award. With cars like the BMW 1 Series, Nissan GT-R, Audi A4, Acura TSX and Pontiac G8, we'd have a hard time choosing five more. Wildcards are the Hyundai Genesis, the Mazda6, the Volkswagen CC and the Dodge Challenger.

They'll be competing with the Acura TL, Honda Fit, Jaguar XF, Lincoln MKS, Nissan Maxima, Pontiac Vibe, Toyota Corolla, and the Toyota Matrix.

As a member of the Armchair COTY Comittee, which ones are on your top ten? Is the GT-R a shoe-in or will the Challenger win on pure musclecar charisma? The magazine will announce the winner in its January issue.

[Source: Motor Trend Blog]

At a press conference on Thursday, shortly after announcing plans for a new engine plant in Flint, Michigan, General Motors CEO Rick Wagoner said his employer, "should be able to put to good use its portion of a $25 billion government loan package."

Wagoner goes on to say he's concerned about the details of the plan but hopes the package is expanded to include all gas-saving technologies, not just electric cars. Which is understandable, considering GM has already invested a great deal of money into the Volt and would logically welcome financial assistance in investigating other fuel-saving methods. Then again, the Volt may just yet turn out to be classified as an electric car by the EPA, as the California Air Resources Board just did.

Wagoner was also pleased to hear about the Senate's approval of a $7,500 tax credit for buyers of electric vehicles. The tax break is something the company has been lobbying for since May, and would certainly help to get the Volt's price tag closer to the original $30k estimate and hopefully allowing the General to sell the estimated 60,000 units we once heard.

[Source: The Associated Press via Yahoo Finance]

If you think your morning commute looks (and feels) like a bunch of insects randomly swarming toward a multitude of random destinations, you'd be mostly right. But only mostly. Research by the Insect Vision Laboratory shows that like your fellow rush-hour drivers, swarming African locusts are busy calculating the position, direction and speed of the other travelers around them. Unlike all those other drivers, African locusts never run into each other. We'd be willing to argue that's definitive proof most drivers are dumber than common insects.

Volvo, however, sees more than just the obvious. Instead, they see a possible way to keep all those clueless drivers safe by studying just how those locusts are able to avoid collisions.

But there's a lot of work to do before the automaker can put nature to work on the streets. The researchers theorize that the bugs can easily miss hitting each other because they're somehow able to send information straight from their sensory organs to their wings, completely bypassing their simplistic brains. That ability to instantly translate data into action keeps the locusts crash free. The problem is that currently automotive technology can't match the locusts' data-processing talents. So for at least the immediate future, have a little sympathy for those other guys out there. They actually are less intelligent than the bugs stuck in your grille.

[Source: Wired]

Is "four-door coupe" an oxymoron or a clever twist on automotive design rules? That was a popular question among the 50 or so journalists invited to drive Volkswagen's new CC from Atlanta to Nashville last week.

The seemingly contradictory term was apparently first used to describe the Rover P5 Mark II in 1962, but was revived more recently when Mercedes introduced its CLS in 2004. In both cases the cars' low rooflines defied conventional saloon styling and needed a unique descriptor for marketing pizazz.

When rumors of the VW CC began to leak out, some speculated the CLS would be its main target. But Volkswagen learned from the disappointing U.S. acceptance of the Phaeton: Luxury buyers pay for brand cache as much as they do for supple leather and high-tech gadgets. This time around, says Brett Scott, VW's product planning manager, they expect many of their customers to be Camry and Accord shoppers attracted to the CC's stand-out styling.


All photos Copyright ©2008 Chris Tutor / Weblogs, Inc.

In Europe, it's common to see several smart cars sharing a single parallel parking space, with their diminutive front bumpers against the curb and the rear facing traffic. Try that in New York city, and you'll likely get towed. Instead, smart fortwo owners can take advantage of Meyers Parking's half price offer: 50% off daily and monthly parking rates in the city.

In a press release (available after the jump), Mike Carolan of Meyers parking said, "We are excited to offer smart owners a discount, as it seems only appropriate that smart owners pay half price since they only take up half the space."

We agree you shouldn't be charged for a full space when you only have half a car. With the cost of parking in the Big Apple, this deal alone could move a few more of the colorful little two-seaters.

[Sources: Gadgetell via Fashion Funky]

Thanks for the tip, Yash!

We try to stay out of politics here at Autoblog, but sometimes, events obligate us to jump into the fray. The latest event is a Harvard Business School professor's comparison of the two leading presidential candidates to automobiles.

John Quelch said in an interview with Newsweek that he thinks of Barrack Obama as a new Prius and John McCain as an "old Ford F-150." Politically, those two products carry some weighty social symbolism that, as car guys, we're not all that concerned with.

But we do wonder what Mr. Quelch's comments mean to us. The Prius is generally seen as a visually boring, fiscally-conservative choice with little to no fun factor. On the other hand, an old Ford pickup truck isn't exactly exciting to look at and drinks a lot of gas, but it'll carry a lot more furniture on moving day and is way more fun in the mud than the Toyota. Then, in an interview with AdAge, Mr. Quelch says that by choosing Alaska Governer Sarah Palin as his running mate, McCain has put a red Chevy Camaro next to his truck.

Hmm. Palin as a Camaro? Next to McCain's Ford truck? Sounds like a house divided to us.

How about it? Is Obama a hybrid Japanese car? McCain a pickup truck? Should Mr. Quelch have said Palin is a Barracuda?

[Sources: AdAge via Newsweek]

We're sure there are plenty of reasons some people would want to live in New York, but it's hard to see why a car guy would want to. Forget the traffic, the kamikaze cab drivers and astronomic insurance rates. Even if you can put up with all that, where the heck are you gonna park a car?

The New York Times' story, "The Ultimate Luxury: A Garage," gives us even more reason to shun The Big Apple as a place of residence. Apparently, New York houses, condos and apartments with garages command about 5% more than those that don't. In some neighborhoods, add 25%. So that means if you have a condo worth $1 million, adding a garage could get you at very least $50,000 more than your car-hating neighbors. One real estate broker estimated that a six-bedroom townhouse he's selling will bring an extra $1 million because of its car accommodations. The townhouse is priced at $18.75 million.

So why aren't real estate owners on a garage-building spree? Because convincing the city's Department of Buildings that you need a curb cut is a long, trying process. The government agency approved only 54 new Manhattan curb cuts in 2008; three less than last year.

And then there's the anecdote of one family paying $6,600 a year to put their car in a public lot. That's enough to convince this bunch of car guys that there are better places to call home.

[Source: New York Times]

Looks like the biggest gadget convention on Earth is becoming the place for big automotive announcements. You'll remember that two years ago at the Consumer Electronics Show, Ford and Microsoft announced their partnership on Ford's SYNC system, and last January General Motor's CEO Rick Wagoner chose Las Vegas to unveil the all-electric Cadillac Provoq concept. It was the first time in the convention's 40-year history an automaker had revealed a concept car to the world there.

This year it's Ford's turn again at CES, with CEO Alan Mulally taking the keynote spot. CES runs January 8-11 next year, but there's no word yet on what day Mulally will make his appearance. There's also no word on what he'll be saying or revealing to the thousands of people gathered in that Vegas ballroom. New SYNC features are a given, but will Ford also choose CES to roll out its plug-in hybrid project? Stay tuned for full coverage from the Autoblog team.


[Source: Automotive News - sub. req'd, Photo by GEOFF ROBINS/AFP/Getty]

Last September we told you of Volkswagen's plan to overtake Toyota in global sales by 2015. Some Autoblog staffers giggled at the prospect. That was before Toyota reported a 39% drop in profit and began writing down leases, and long before today's news of the Japanese automaker reducing its sales goal for 2009 by almost 7%. Instead of the 10.4 million vehicle sales it predicted for 2009, Toyota says it now may only sell 9.7 million.

While 7% may not sound like a big reduction, consider that Toyota has seen steady growth since its founding in 1934, and any drop is a big deal. Last month, Toyota reported an 18% drop in sales from last July, while VW posted a 4% drop. If those sales rates continue, VW's goal of total domination should be much easier to attain.

[Source: Reuters]