Book Review: Car Guys vs. Bean Counters

Bob Lutz, love him or hate him is one of my heroes. I see a lot of similarities between him and myself. Not only with the business prowess and the want to succeed, but also the fact that were are true dyed in the wool car guys. Having read Lutz's previous business book, Guts. I anxiously awaited the arrival of Car Guys vs. Bean Counters: The battle for the soul of American Business. At around 230 pages, I couldn't put this book. Every time I would pick it it up, I would get lost in the world of the auto industry I so truly love. There's a brief history lesson about GM's rise to to be the largest auto maker on the planet and the height of their style setting trends of the Harley Earl and Bill Mitchell era at  GM Design to loosing their ways in the Roger Smith era. But it's not all doom and gloom. There are plenty facts about what GM was doing right. And there's some interesting tidbits about other auto makers like Chrysler, Ford, Toyota, and VW. And lastly why the GM bankruptcy was an unfortunate truth that had to happen. bob Lutz is no stranger to the auto industry. His career has spanned nearly 5 decades and he has worked for all of the Detroit Big Three. I won't give away too much, but if you are passionate about cars and you are looking  for a great book to read. I highly recommend picking up Car Guys vs. Bean Counters.

Little known history of the Chevrolet Bowtie.

Some automotive brands are pretty clear about how their corporate logos have come about. Ford, Chrysler, Volkswagen, Porsche and Ferrari all come to mind. One that's not well known, but also shrouded with a bit of mystery is the bowtie logo of GM's Chevrolet division.

Several stories have emerged as to how the now famous logo originated. One from Billy Durant's daughter who says that it originated from her father's imagination one night at dinner. Another from Durant's widow saying that her husband found a similar logo while reading a newspaper while on vacation in 1912. Others say it is a stylized version of the Swiss flag cross as Louis Chevrolet was born in Sweeden.

The official origin from General Motors is that Billy Durant saw the logo as part of the pattern on some wallpaper in a Paris hotel that he would tear down and return to Detroit with in 1908. The earliest known use of the the bowtie logo dates to 1913. So who's to say which one is the true meaning behind the bowtie? Durant passed away in 1947, so the answer has certainly gone to the grave at this point. But there is no denying that it ended up being the right choice as now, 100 years later the Chevrolet brand is still in business making cars.

Press Release:

DETROIT, Sept. 2, 2011 /PRNewswire/ -- Globally recognized today, the Chevrolet bowtie logo was introduced by company co-founder William C. Durant in late 1913. But how it came to be synonymous with the brand is open to wide interpretation.

Durant's version of how the logo came into existence is well known. The long-accepted story, confirmed by Durant himself, was that it was inspired by the wallpaper design in a Parisian hotel.

According to The Chevrolet Story of 1961, an official company publication issued in celebration of Chevrolet's 50th anniversary:

"It originated in Durant's imagination when, as a world traveler in 1908, he saw the pattern marching off into infinity as a design on wallpaper in a French hotel. He tore off a piece of the wallpaper and kept it to show friends, with the thought that it would make a good nameplate for a car."

However, conflicting accounts have emerged, each of which is plausible enough to deepen the mystery and suggest it may never be solved. Two of the alternate origins come from within the Durant family itself.

In 1929, Durant's daughter, Margery, published a book entitled, My Father. In it, she told how Durant sometimes doodled nameplate designs on pieces of paper at the dinner table. "I think it was between the soup and the fried chicken one night that he sketched out the design that is used on the Chevrolet car to this day," she wrote.

More than half a century later, another Bowtie origin was recounted in a 1986 issue of Chevrolet Pro Management Magazine based on a 13-year-old interview with Durant's widow, Catherine. She recalled how she and her husband were on holiday in Hot Springs, Va., in 1912. While reading a newspaper in their hotel room, Durant spotted a design and exclaimed, "I think this would be a very good emblem for the Chevrolet." Unfortunately, at the time, Mrs. Durant didn't clarify what the motif was or how it was used.

That nugget of information inspired Ken Kaufmann, historian and editor of The Chevrolet Review, to search out its validity. In a Nov. 12, 1911 edition of The Constitution newspaper, published in Atlanta, an advertisement appeared from by the Southern Compressed Coal Company for "Coalettes," a refined fuel product for fires. The Coalettes logo, as published in the ad, had a slanted bowtie form, very similar to the shape that would soon become the Chevrolet icon. Did Durant and his wife see the same ad – or one similar – the following year a few states to the north? The date of the paper was just nine days after the incorporation of the Chevrolet Motor Co.

One other explanation attributes the design to a stylized version of the cross of the Swiss flag. Louis Chevrolet was born in Switzerland at La Chaux-de-Fonds, Canton of Neuchatel, to French parents, on Christmas Day 1878.

Whichever origin is true, within a few years, the bowtie would emerge as the definitive Chevrolet logo. An October 2, 1913 edition of The Washington Post seems, so far, to be the earliest known example of the symbol being used to advertise the brand. "Look for this nameplate" the ad proclaims above the emblem. Customers the world over have been doing so ever since.

Many variations in coloring and detail of the Chevrolet bowtie have come and gone over the decades since its introduction in late 1913, but the essential shape has never changed. In 2004, Chevrolet began to phase in the gold bowtie that today serves as the brand identity for all of its cars and trucks marketed globally. The move reinforced the strength of what was already one of the most-recognized automotive emblems in the world. More than 4.25 million Chevrolets were sold in more than 120 countries and regions during 2010.

About Chevrolet -- Founded in Detroit in 1911, Chevrolet celebrates its centennial as a global automotive brand with annual sales of about 4.25 million vehicles in more than 120 countries. Chevrolet provides consumers with fuel-efficient, safe and reliable vehicles that deliver high quality, expressive design, spirited performance and value. The Chevrolet portfolio includes iconic performance cars such as Corvette and Camaro; dependable, long-lasting pickups and SUVs such as Silverado and Suburban; and award-winning passenger cars and crossovers such as Spark, Cruze, Malibu, Equinox and Traverse. Chevrolet also offers "gas-friendly to gas-free" solutions including Cruze Eco and Volt. Cruze Eco offers 42 mpg highway while Volt offers 35 miles of electric, gasoline-free driving and an additional 344 miles of extended range. Most new Chevrolet models offer OnStar safety, security and convenience technologies including OnStar Hands-Free Calling, Automatic Crash Response and Stolen Vehicle Slowdown. More information regarding Chevrolet models can be found at www.chevrolet.com

Source: GM

Pittsburgh's Most Valuable Bloger

We have made it through the nomination period and have now moved on to the voting stage. The contest picks blogs from six categories ranging from Dining/Entertainment, Sports, Lifestyle, Local Affairs, Health/Fitness & Everything Else. We are competing in the Everything Else category and are the only automotive oriented blog eligible for voting. So here's a run down of what Autobahn Automotive News is all about and why I would like your votes (you can vote once per day).

Autobahn Automotive News is based in Pittsburgh Pennsylvania. I have been a life long car nut having a great passion for both cars and the auto industry as a whole. I have worked in the auto industry for 15 years holding a variety of positions at several well known dealerships in the Pittsburgh area. During the auto industry downturn, I became a freelance auto industry analyst and have continued to aid local dealers in regards to trends in the industry, marketing solutions and Internet marketing efforts. Autobahn Automotive News was born from some of these efforts and wanting to share some of my stories about cars, auto industry news, photos, event coverage, road tests and anything else I really fell like writing about that's related to cars.  Along with working in the auto industry, my passion goes deeper to the cars themselves. I have been privileged to drive some of the finest cars in the world. From Yugos to Aston Martins. I get excited looking at radiator mascots on pre war cars to the latest in designs from manufacturers all over the world, and everything in between.

While I have a great passion for everything automotive, my affinity is towards Volkswagen cars and their subsequent brands of Audi and Porsche. However, I also share a fondness for Ford, Chrysler, and General Motors and what made them the giants of the industry. I also have the honor of serving as a member of the car show committee for the Pittsburgh Vintage Grand Prix association and as having held several positions on the board of the Three Rivers Volkswagen Club. So with Autobahn Automotive News, we don't really follow any rhyme or reason as to what we post about, but one thing's for sure. It will be automotive related in some form or another. Having contacts within just about every auto manufacturer, along with media access grants me access to industry news before many hear about. So look for exciting new posts to come!

Voting for the CBS Pittsburgh's Most Valuable Blogger contest runs through September 9th, 2011. You are allowed to vote once per day so please vote for this site as many times as you can. There is a badge to the left that will take you to the voting page. Thank you for your continued patronage.

All this Chrysler Turbine talk....

With all this talk of the Chrysler Turbine, we thought we'd share some pictures from a recent trip to Detroit where we got to view not one, but two Chrysler Ghia Turbines. The first we found on display at the Walter P. Chrysler Museum at Chrysler's headquarters in Auburn Hills, Michigan. Along with one of the cars being on display is also a separate display motor and cut away display showing how it works.

The second, is at The Henry Ford in nearby Dearborn. Their automotive display is currently under construction, but the Turbine was considered one of their more important cars to keep on display nearby with several other cars from their impressive collection.


Both cars can be seen here.

The Walter P. Chrysler Museum

The Henry Ford Museum

Book Review: Chrysler's Turbine Car by Steve Lehto

A fascinating book came in to the office about a month ago that really grabbed our attention. Chrysler's Turbine Car: The Rise and Fall of Detroit's Coolest Creation. By Steve Lehto a forward by Jay Leno. With all of the talk of alternative energy and fuels and hybrid cars, you can't help but think back to the Chrysler Turbine program if you're a car nut like me. I had known about the cars themselves and a little about the user program from 1964 through early 1966. Outside of that, I had little knowledge of the program. That was until I picked up Lehto's book. It covers in fascinating detail the development of the turbine engine by Chrysler over a nearly four decade  period starting in the early 1950s by lead engineer George Huebner Jr and fellow engineer Sam Williams.

Lehto recounts many stories from those who worked on the program, including Bill Carry who was responsible for maintenance of the Turbine's used in the loaner program and may very well be the world's leading expert on these rare cars today. Starting in 1953, and ending just after Chrysler's first bail out in 1979, Chrysler developed 7 generations of Turbine powered cars. However, they never produced a single car for consumer consumption. The program became famous in the early 1960s with the launch and announcement of the Chrysler Ghia Turbine. The program gained popularity for the uniqueness of the cars, one being the ability to run on literally any liquid that could burn with oxygen and the cars jet like sound while driving.

Designed by Elwood Engel and built by Ghia in Italy. 55 cars were built and shipped to Chrysler in Detroit. 50 of those cars were lent to consumers all over the United States for free to use for about 3 months before going to another family. This was a ground breaking research and development project to see if consumers would actually BUY. The program was hugely successful thanks to lots of publicity. It also gave Chrysler over one million driving miles worth of research. Lehto recounts stories from many of the families that had use of the car also. Sadly a majority of the stunning Turbines were destroyed in 1966 by Chrysler, leaving only nine of these unique, entire hand built beauties left in existence. There is much speculation as to why the cars were destroyed, and the answer lies in the book, how ever we're not telling. You'll have to read for yourself.

The book then follows about further development thanks to money from the Government as an alternative to the traditional piston powered engine during the gas crunches in the 1970s and the eventual closing of the program after Chrysler's first bail out.

Had Chrysler not run out of money and killed the turbine program, who knows what would have or could have happened. Perhaps today we would have jet powered cars like many dreamed of in the 1960s. And with the original  car's performance being equal to if not greater than that of an equivalent piston engine, who know where performance could have gone. Maybe, we will see a resurgence in turbine technology combined with today's hybrid gas/electric powered cars? Only time will tell.

Chrysler's Turbine Car is 228 pages long with several black and white and color photographs. It retails for $24.95 and can be found in just about any major book store and of course online. We HIGHLY recommend it.

First Custom Chrysler 300s - Fatchance 2.0

 The new Chrysler 300s is already getting some upgrades from the imagination of it fans. This car looks amazingly nice, hopefully it wont disappoint when it comes out on market.

The New Chrysler 300s Concept

Chrysler has revealed  to the world, concept of the new Chrysler 300 S.

BREAKING NEWS: Supreme Court clears the way for Chrysler-Fiat deal

With the temporary stay issued yesterday lifted, the Supreme Court will allow the government-backed sale of Chrysler to Fiat. The high court rejected the request from Indiana pension funds and consumer advocates to delay the deal, clearing the way for the sale and setting a precedent for General Motors in its own bankruptcy proceedings.

Read on here ---> Bloomberg

Chrysler names C. Robert Kidder as Chairman of Chrysler LLC

Bob "The Builder" Nardelli will be stepping down from his post as Chairman of Chrysler LLC when a new leaner Chrysler emerges. We won't be too critical of Mr. Nardelli in the fact that he really didn't grow Chrysler all that much, as that would take an entire blog all to itself.

Rather we'll focus on the new Chairman of Chrysler LLC, C. Robert Kidder formerly of the Borden Chemical Inc. and Duracell Batteries. Mr. Kidder has a very impressive resume and will be a welcome face to the new Detroit Michigan when its all said and done.

Source: Chrysler LLC

Press Release:

C. Robert Kidder to Become Chairman of Chrysler Group LLC

Auburn Hills, Mich., May 20, 2009 -

Chrysler LLC today announced that C. Robert Kidder, former Chairman of Borden Chemical Inc. and of Duracell International Inc., will become Chairman of Chrysler Group LLC, once it completes its acquisition of the operating assets of Chrysler LLC and completes a global alliance with Fiat SpA. He will succeed Robert L. Nardelli.

"We are most fortunate that Bob Kidder will lead the new company through its transformation," said Nardelli. "My number one priority has been to preserve Chrysler and the livelihoods of thousands of people who depend on its success. With his broad expertise serving on numerous world-class boards and his accomplished business background, Bob will provide the leadership and strategic counsel that will help to create a strong global competitor moving forward." With more than 40 years of experience, Kidder currently serves on the boards of Morgan Stanley, where he is the lead director, Schering-Plough Corporation, and Microvi Biotech Inc. He previously has served as Chairman and Chief Executive Officer of both Duracell International Inc. and Borden Chemical Inc. and as director of such companies as Electronic Data Systems Corporation and General Signal Corporation. During his tenure with McKinsey and Co. Inc., Bob worked with a major OEM client in the automotive industry. Bob currently is Chairman and CEO of 3Stone Advisors LLC, an investment firm that focuses on clean-tech companies. He holds an M.S., Industrial Economics from Iowa State University and a B.S., Industrial Engineering from the University of Michigan. He resides with his family in Columbus, Ohio.

“I am pleased to join Chrysler at a time when Chrysler is poised to launch an exciting new era,” said Kidder. "I am confident that Chrysler will emerge from Chapter 11 a lean and powerful competitor, combining its own rich history of innovation with Fiat's technology and expertise to invigorate the American car market and to challenge other car companies around the globe." Chrysler LLC announced on April 30, 2009, that, as a result of the comprehensive restructuring plan agreed to by many of its stakeholders, it had reached an agreement in principle to establish a global strategic alliance with Fiat to form a vibrant new company. On the same day, Chrysler LLC and 24 of its wholly-owned U.S. subsidiaries also filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in U.S. Bankruptcy Court for the Southern District of New York. Chrysler also filed a motion under Section 363 of the Bankruptcy Code requesting the swift approval by the Court of the agreement with Fiat and the sale of Chrysler's principal assets to the new company. The benefit of this type of filing is speed. It will allow a leaner new company to emerge in less than 60 days from the time of filing, well positioned for long-term viability.

Nardelli, Chrysler's Chairman and CEO since August 2007, announced on April 30 his plan to leave the company following the completion of the transactions. He will return to Cerberus Capital Management LP as an advisor. He said that it was "an appropriate time to let others take the lead in the transformation of Chrysler with Fiat, and I will work closely with all of our stakeholders to see that this new company swiftly emerges with a successful closing of the alliance." As stated in the terms of agreement, upon successful completion of the alliance, a board of directors for the new company will be appointed. The majority of the directors will be independent (not employees of Chrysler or Fiat). The board will select a CEO with Fiat's concurrence. A complete biography of C. Robert Kidder is available at: http://www.media.chrysler.com/.

GM dealer network update

General Motors is going a different route than Chrysler LLC in regards to their dealer network. Rather than just say adios, you're done. GM is electing to not renew sales and service agreements with 1100 dealers when they come available for renewal in the 4th quarter of 2010.

Dealers targeted were stores that have poor annual sales 35 units or less per year. That makes up 400-500 of the dealers. The rest are not meeting their required sales and service performance, CSI, etc. that are performing below average. These 1100 dealers make up 7% of GMs yearly sales.

There are about 500 dealers who are dedicated to Hummer, Saab & Saturn brands. There will be a further update regarding these brands and those dealers in the next week or so. General Motors North America Vice President Vehicle Sales, Service and Marketing, Mark LaNeve did make it clear that dealers of these three brands "will exist outside of General Motors next year".

It was made clear that without GM filing bankruptcy, that these letters will be hard to enforce. This is why GM is putting the options into the dealers hands to enforce whether to wind down business and close, or find another brand to carry.

GM's intentions are to land somewhere in the neighborhood of 3600-4000 dealerships.

"This is one of the most difficult decissions we have as part of our restructuring" LaNeve said.

Press Release:

In conjunction with conversations General Motors started with its U.S. dealers today, GM issued the following statement -->

GM Statement Regarding Dealer Network Communications

As noted in our recent S-4 filing and updated Viability Plan, General Motors plans to reduce its dealer network from 5,969 stores today to approximately 3,600 by the end of 2010.

This process starts today, as GM begins contacting dealers regarding its long term planning. Approximately 1,100 underperforming and very small sales volume U.S. dealers will be advised that GM does not see them as part of its dealer network on a long-term basis. In most cases, existing franchise agreements run through October of 2010.

In addition, we will be updating about 470 Saturn, HUMMER and Saab dealers on the status of those brands and we will be discussing how the remaining dealers will support our retail plans going forward. While additional cuts will be made, we believe the vast majority, over 90 percent, of the remaining dealers will be offered a chance to remain with GM. However, specific dealer issues, further attrition and additional possible dealer network actions are expected to bring the number of future GM dealers to around 3,600 by the end of 2010, as described in the Plan. The actual number could vary given levels of attrition, etc. outside of GM’s control.

“We have said from the beginning that our dealers are not a problem but an asset for General Motors,” said Mark LaNeve, GM Vice President of Sales Service and Marketing. “However it is imperative that a healthy, viable GM have a healthy, viable dealer body that can not only survive but prosper during cyclical downturns. It is obvious that almost all parts of GM, including the dealer body, must get smaller and more efficient.”

“In response, we are letting them know about our long term plans. GM’s viability plan calls for fewer, stronger brands as well as fewer, stronger dealers. We have taken a very difficult step by identifying those dealerships we’d like to keep in the GM dealer network and those with whom we will have to wind down our business relationships,” LaNeve said.

As independently owned businesses, dealer owners will make their own decisions if and when they want to make this information public. GM is not releasing the names of any dealers.

“We are not terminating any dealerships today,” LaNeve clarified, “We will be talking to all of our dealers over the next few weeks, letting them know now in the spirit of open communication, so they are advised well in advance, about our long-term plans and their role in them. Long term, GM should have fewer, healthier dealers, maintaining GM’s current high customer satisfaction ratings, with more sales per outlet.”

NADA responds to Chrysler's dealer announcement

As the U.S. dealer network continues to take in the loss of 789 Chrysler, Dodge & Jeep dealerships. The National Automobile Dealers Association weighs in on the truth of the matter.

Source: NADA

Today’s announcement by Chrysler that it is rejecting 789 of its Chrysler, Dodge and Jeep dealers marks a very sad day in retail automotive history.

These dealers and their more than 40,000 employees have done nothing but proudly represent the Chrysler brand through good times and bad, and today find themselves left behind as the company reorganizes itself in bankruptcy court.

While NADA understands the realities of the current marketplace, we also know that dealers didn’t cause the situation that Chrysler finds itself in today. Furthermore, we believe that these draconian dealer cuts are not only misguided but counterproductive. Fewer dealers mean less revenue for the automakers. Dealers are the manufacturer’s customer; they buy the cars and parts and even the signs in front of their dealerships.

NADA fully expects Chrysler to honor all its obligations to the affected dealers who have been nothing but good partners over the years.

NADA will continue to work aggressively on all fronts with regard to assisting these dealers during these historically challenging times.

Chrysler to close 789 dealers.

In compliance with bankruptcy protocol, Chrysler LLC is exercising the option to close 789 Chrysler, Dodge, and Jeep dealers across the United States. This is just one of the many steps being taken to return Chrysler to profitability when they emerge from bankruptcy proceedings and the new aliance with Fiat.

44% of the dealers affected have dual brands, meaning Chysler & Dodge, Dodge & Chevrolet etc. So some dealers will only loose one brand. But one of the key alignments is to align the dealers with the expected annual sales numbers of 12 to 14 million units per year. So you will see a Dodge dealer, that may take on Chrysler and Jeep in the near future.

Jim Press, Co-President of Chrysler LLC states that "Chrysler is open for business". And assures Chrysler customers that they will still be able to purchase cars, parts, and have their Chrysler products serviced for many years to come.

This raises the question of what will happen to the current inventory of Chrysler vehicles when the 789 dealers close. There is currently 400+ thousand Chrysler, Dodge & Jeep vehicles spread across the 789 dealers. The cars will be taken back by Chrysler and redistributed to the remaining dealers. This is due to Chrysler's decission to not produce any more vehicles during the bankruptcy process. So dealers that will be taking on new franchises will have a supply of cars to pick from.

Source: Chrysler

PRESS RELEASE:

Chrysler LLC Files Papers to Retain Majority of U.S. Dealer Network as Part of Company's Sales ProcessAuburn Hills, Mich., May 14, 2009 - Chrysler LLC today filed a motion with the U.S. Bankruptcy Court seeking to reject certain U.S. dealer agreements, and a list of U.S. dealer agreements to be assigned to the buyer of its business assets. Subject to Court approval, 2,392 Chrysler, Jeep® or Dodge dealers will continue with the new company in a global alliance with Fiat once the sale is complete. This action will help improve the landscape of the Chrysler dealership network following the sale and enhance the full line portfolio of Dodge, Jeep and Chrysler products for customers."We are in the process of revitalizing Chrysler's business to succeed as a viable enterprise under new ownership in the future," said Jim Press, Vice Chairman and President. "The unprecedented decline in the industry has had a significant impact on our sales and forced us to reduce production levels to better match the needs of the market. With the downsizing of operations after the sale and reduction of plants and production, similar reductions must be made to the size of the dealer body. We appreciate the support of our dealers and regret this painful action. We wish market conditions made it possible to keep everyone."Chrysler plans to maintain "business as usual" with all of its dealers through the transition. The Company intends to honor warranty and incentive payments during the period that rejected dealers remain active. Chrysler is committed to working with these dealers to ensure a positive relationship with customers. To ease the burden on dealers whose agreements have not been assumed, Chrysler will work to assist in the redistribution of new vehicles and parts to the remaining dealer network."It is with a deep sense of sadness that we must take steps to end some of our Sales and Service Dealer Agreements," said Steven Landry, Executive Vice President, North American Sales and Marketing, Global Service and Parts. "The decision, though difficult, was based on a data-driven matrix that assessed a number of key metrics. In total, 789 dealers, which represents 14 percent of our sales volume, will be rejected and, subject to the court approval, they will discontinue selling Dodge, Chrysler or Jeep vehicles on or about June 9."The review was an objective and rigorous process that was both thoughtful and thorough. We plan to work to have an orderly transition. These are extraordinary times, and they call for an extraordinary response. It is important to our dealers and to our customers that these steps be completed quickly and seamlessly as we transition to a new Chrysler," Landry added.Additionally, on May 12, the Court approved the motion regarding Chrysler LLC's agreement with GMAC Financial Services to provide the automotive financing products and services to the Company's dealers and customers moving forward. GMAC Financial Services will be the preferred lender in North America for Chrysler, Jeep and Dodge dealer and consumer business, including wholesale of new and used vehicles as well as retail. GMAC Financial Services will be able to offer the best long-term finance options for Chrysler dealerships and customers and is established as a bank holding company with access to a variety of funding sources.While difficult, the actions to restructure its dealer network are a necessary part of Chrysler's viability plan and are central to the proposed sale transaction. These actions will help ensure that both remaining dealers and the new company will be stronger and more profitable going forward."A stronger dealer network supported by GMAC's long-term finance options provides an advantage to consumers, and that is what will ultimately drive the creation of a significantly stronger global competitor," said Press.Additional information, including the motions filed, can be found at www.chryslerrestructuring.com.

The Detroit Ballout is Not Over

All of Detroit is safe until after the auto show in January, sorta. The government approved $13.4 billion in loans for General Motors and Chrysler for immediate consumption (Ford said “no thanks” for now.) This will take them until February when another $4 billion may be available, but they will also have to show that their operations are able to show "positive net present value" – a tough goal I’ll get to in a moment.

This means at least when the North American International Auto Show hits Detroit in January, at least the Big Three won’t have to ring the Salvation Army bell, and instead they will be able to somewhat focus on products. But this isn’t the end of the fight, the big picture has four elements still to come:

There will be more layoffs

There will be more money needed pumped into the industry

It’s the end of fun new cars

The winner will be the one who returns to big cars first

So for this week, after the just I present a little accounting, a healthy dose of skepticism, and just enough optimism to keep fans of American cars from jumping out the window.

We have arrived at the end of the road. The U.S. Auto Industry Officially Dead

It's not often that you will get a rant out of me like this.

Thanks to our wonderfully stupid, thinking nothing but themselves politicians in Washington. And the lying folks over at the UAW. The United States Automobile Industry is now dead in the water.

8 Votes. 8 Votes. That's all they needed to get the 60 required for the government to get some much needed cash to the Big 3. 8 Votes.

52 ayes, 35 nays. We find it unbelieveable that there are that many uneducated and uninformed people in our government. "We don't want to have to take this money from our taxpayers" one Congressman said. Uhm, aren't the people who work for GM, Ford and Chrysler taxpayers? Correct me if I'm wrong, but I'm pretty sure that the lineworkers and other folks working for the Big 3, would want to keep their jobs. Surely they wouldn't mind.

The Asian markets are already falling. In a few short hours Wallstreet and the European markets will open. And surely mass chaos will ensue.

We're absolutely at a loss for words with this one. This is it. Game over.

eBay Rolls Royce RR4

That treasure trove of appalling autodom described in the most gnarled English imaginable, otherwise known as eBay Motors, serves up today's flavorful morsel of weird and wonderful. Why wait for the upcoming Rolls-Royce RR4 when you can just throw $50K at this heavily customized Chrysler 300C. It's got the ostentatious grille, the suicide doors, the RR embroidered headrests, but most importantly, a HEMI V8 underhood. HEMI, apparently now transmuted to mean "multi-displacement system," will save you fuel as you rent the car out for the dreamy rate of $750 per day as the seller suggests. At least with a Chrysler lurking underneath all that nasty, you can be assured that repair costs will be nominal compared to the real thing.

V10? A Good Drifter?

Dodge Viper is a V10 powered sports car developed by Chrysler. Samuel Hubinette who won the Formula Drift Championship in 2004 and 2006 drifting in a Dodge Viper and the Viper has won several FIA GT Championships and two 24 Hours of Le Mans wins.

I always thought anything higher than a V8 was not good at drifting, well Dodge has proved me wrong.

Source: Drift Japan

2007 300c SRT-8

The Chrysler 300c SRT-8 is an amazing vehicle, it is one of the newest American muscles cars and it's great. Although engineered by Daimler a German Motor vehicle company it is still seen as an American car. Based on an old Mercedes E-Class chassis this vehicles handles splendidly. With a 6.1 liter V8, and hemi engine, Chrysler can't go anymore wrong with this car. This vehicle reminds me of the 2004 Rolls Royce Phantom, that is probably where the 300c gets it's great looks from.

Engine
Type:	V8
Displacement cu in (cc):	370 (6059)
Power bhp (kW) at RPM:	425(318) / 6200
Torque lb-ft (Nm) at RPM:	420(569) / 4800
Redline at RPM:	6400

Performance
Acceleration 0-62 mph:	5-5.5 seconds
Top Speed mph (km/h):	n.a.
Fuel Economy EPA city/highway mpg (l/100 km):	14/19 (n.a.)

Base Price: 2007 Chrysler 300C SRT-8 - $40,420

Final Chrysler Crossfire Leaves Factory

With the close of 2007 upon us, we come also to the production of the final Chrysler Crossfire.

During its five year lifespan, the American coupe/roadster built in Germany sold 80,000 units. 2006 US sales accounted for only 8,216. Down over 50% from 14,665 units in 2005. The Crossfire was offspring of the now ended partnership between Chrysler and Mercedes, and shared its platform with the original Mercedes Benz SLK roadster.

The Crossfire is the first of four models that Chrysler is giving the axe under its new ownership, and since production of the car and many of its components are so closely tied to Mercedes, it's only natural that it's the first to go. Next to be cut are the Dodge Magnum, Chrysler Pacifica and Chrysler PT Cruiser Convertible.





Source: Motor Authority.

Energy Bill Passed! On to Pennsylvania Ave

In it's fourth round of voting in the House. The Energy Independence and Security Act of 2007 has cleared Congress and the House of Representatives. Now it's on to 1600 Pennsylvania Avenue for President Bush to officially sign the bill into law tomorrow. The bill passed through the House today with a vote of 314 to 100.

As many of you already know. The main importance of this bill was the Corporate Average Fuel Economy (CAFE) standards to rise to 35 mpg by the year 2020. Below we have attached official response from both Ford and Chrysler.

Source: Associated Press.

PRESS RELEASE:
FORD COMMENT ON CONGRESSIONAL PASSAGE OF NEW CAFE STANDARDS AND THE ENERGY BILL
The following is a statement from Ford Motor Company on the final passage of the Energy Independence and Security Act of 2007 by Congress:

WASHINGTON, D.C., Dec. 18, 2007 -- "Ford has worked with lawmakers to enact nationwide requirements that provide a significant increase in fuel economy while protecting consumers' choices of cars, SUVs and light trucks. We are working to do our part to help reduce greenhouse gases and U.S. dependence on foreign oil.

This legislation will provide one clear requirement for increasing fuel economy and provide greater certainty for our product planning. Ford is committed to providing safer, more fuel efficient, quality products – in high volume – that customers want and value."

Press Release:
Statement from Robert Nardelli, Chairman and CEO, Chrysler LLC, Regarding New, Nationwide U.S. Fuel Economy Standards:

"We commend the Congress for passing an energy bill today and we fully support it being signed into law. Chrysler is committed to meeting the fuel economy standards of the bill and doing our part to reduce greenhouse gas emissions and our country's reliance on foreign oil. We continue to devote significant resources to develop quality, fuel efficient products that our customers expect. This year alone, we offer six vehicles that get 28 miles per gallon or better, and more are on the way."

Chrysler says it can meet new CAFE standards

Chrysler LLC is readily welcoming thew new CAFE standards with open arms. When it happens of course.

"We will" cooperate rather than fight the anticipated increase in the Corporate Average Fuel Economy, or CAFE, standard," Chrysler CEO Bob Nardelli told TheCarConnection.com Wednesday. "We'll have to obviously accelerate significantly our investment in technology to get there," said Nardelli.

Some of the technology being used is a new two mode hybrid system that was jointly developed and engineered by BMW, General Motors, and Daimler. Chrysler's former German parent company.

Chrysler is looking to recent help from the United Auto Workers(UAW) and their agreement to take over Chryslers heft healthcare costs. This helped to free up a large amount of cash. This will allow for Chrysler to invest $500 million dollars in product development.

Source. The Car Connection.