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  • GM gets its $4 billion, Chrysler still waiting



    On Monday, December 29, Chrysler and General Motors were supposed to get the first installments of its allotted funds from the $17.4 billion dollar bridge loans. On Wednesday, GM got it's $4 billion. Chrysler, on the other hand, is still "finalizing the details of our financial assistance." The U.S. Treasury - the body disbursing the funds - didn't have much to say beyond that, either, merely reiterating that it wants to get the deal done within a timeline that satisfies Chrylser's funding needs.

    While we wonder what the holdup is, we have no reason to believe that Chrysler won't get its money. It is unlikely that anything has happened in the past three weeks to make the government go "On second thought..." We also wonder how Chrysler plans to meet the next deadline: by February 17, GM and Chrysler need to have submitted plans to demonstrate their long-term viability; on March 31, a putative "car czar" will decide whether those plans are actually worth anything. The idea that Chrysler can demonstrate sound health over the long-term in just 45 days is a head-scratcher, but hey, some folks didn't even think Chrysler would still be here, so that's got to count for something.

    [Source: Automotive News, sub. req'd]

     

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  • Toyota developing solar powered car?



    Twelve years ago, Toyota started selling a car that was bought by those considered avant-garde, on the fringe. It was called the Prius. Now Toyota is looking to "turn around its struggling business with a futuristic ecological car," and the company is supposedly working on plans for a solar-powered car. We'll ignore, for a moment, that a company with $18 billion in cash and experiencing its first annual operational loss
    in 70 years is now called a "struggling business." The noteworthy news is that while other automakers are trying to get their hybrid acts together, Toyota is down the road working on a car powered solely by le soleil.

    There is little in the way of hard information at this point. The Japanese newspaper
    Nikkei disclosed the development, saying that the car would have solar cells, and that it would also be charged by solar cells on homes. Also according to Nikkei, the solar cells on the car will be as powerful as those on the house, capable of generating 2-5 kilowatts.

    Toyota has talked publicly about a solar panel option on the next Prius, but that was called "a symbolic gesture" by an insider. Privateers have also done their part contributing to the idea of a Prius augmented by solar power, largely with mixed results. Nevertheless, Toyota has a keen partner in the venture: Panasonic. The giant consumer electronics maker that makes Prius batteries is in the midst of buying Sanyo, the world's 7th-largest solar cell maker. Nevertheless, solar cell technology isn't advanced enough to create a mass-market solar car, which is why reports claim it will be years before such a vehicle is on the market. As one Japanese solar energy expert said, "Even if you laid solar panels out on the entire roof of a house, you only generate enough energy to run two hairdryers."
    Hat-tip: Jarrett

    [Source: Yahoo!]

     

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  • Chrysler sputtering in China, too



    It's not just North America that is yielding an ugly red balance sheet for Chrysler. ChinaStakes.com reports that the automaker's position in China is in rough shape, too. Right before the taxpayer bailout of General Motors and Chrysler became official, Chrysler's Philip Murtaugh exited the company after just 15 months on the job, creating a leadership void in its Chinese operations. Murtaugh had joined Chrysler to lead its Asia/Pacific operations after 32 years at GM, the last ten of which were spent heading up the General's Chinese division, and a stint at China's SAIC.

    The thinking was that Murtaugh would be the perfect man to establish successful relationships and footholds in China for the Pentastar, but things evidently haven't exactly worked out that way. At all. Chrysler is still without a joint-venture partner in China, and without such an agreement, production and distribution operations in the country are basically non-starters. Other business relationships the automaker has in China are described as being alternately "overcomplicated" and "inefficient", and recent negoatiations with companies like Great Wall haven't lead to anything. Chrysler's tiny sales footprint in China probably hasn't helped matters, either. Murtaugh's division reportedly had little juice with the home office as a result.

    The search for business partners in China will now reportedly be lead out of Auburn Hills, which also has to deal with the immediate problems Chrysler faces in its own home market. One has to wonder, if Chrysler couldn't turn around its Chinese business with an experienced and reputable man on the ground in-country, is it really reasonable to think that managers in a boardroom half a world away will fare any better... especially when they're dealing with an even more pressing crisis on the home front? After all, it's hard to worry about painting the fence when the house is burning down.

    [Source: ChinaStakes.com]

     

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  • Autogas Chevrolet Matiz Concept = LPG for the masses

    fahgmitgas Matiz LPG Concept


    Thanks to a company called fahrmitgas ("go with gas", get it?), our European readers will soon be able to cut their fuel costs to the low, low price of €3 (about $4.20 USD) for every 100 km of driving. Of course, they'll need need to be driving a converted Chevrolet (nee, Daewoo) Matiz converted to LPG, but on the other hand... that's just €3 to go 100 kilometers.

    The fahrmitgas Matiz LPG Concept has been put through a suite of bench-tested enhancements in order to be so frugal. Since fahrmitgas is a supplier to Chevrolet, it has intimate knowledge of the Matiz's systems. After installation of the LPG unit and some engine tuning for mid-range power, the company added stop/start, lowered the car a whopping 30 mm, and fitted it with ultra low rolling resistance Hankook Optima 4S tires. A shift light on the center console helps the driver get the most of from his or her LPG.

    A liter of gas in Germany is about €1 (@ $1.40 USD), meaning 3 liters/100 km for the LPG Matiz, instead of 5.2 liters/100 km for the petrol Matiz. fahmitgas is looking at a production run, but no timetable or prices have been announced. In the meantime, check out the press release after the jump and the high-res gallery of photos below.

    Gallery: Fahrmitgas Matiz LPG Concept


    [Source: Fahrmitgas]

     

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  • Heavy Water: Geiger supercharges the HUMMER H3

    supercharged Geiger H3 in our hi-res gallery


    Mention the name Geiger to a physicist and you're likely to hear about the man who discovered the atomic nucleus and the meter that bears his name. To automotive tuning fanatics, the name refers to the aftermarket firm that turns lethargic HUMMERs into tarmac-chomping beasts. But we're not so sure the two are that far removed.

    Geiger's latest project is another riff on the relatively (and only by comparison) "small" H3, tinkering with the truck's reactor core to pump up its radioactivity. The stock H3 comes with a 3.7-liter inline-five producing a paltry 239 horsepower and 241 little torques, though it is available with a 5.3-liter V8 which still only manage 300hp and 320 lb-ft of twist. Along comes Geiger to fit a supercharger to said eight-cylinder, boosting output to 423 megatons horsepower and 502 lb-ft of torque. So equipped, the 5000-pound Geiger'd Hummer can reach 60 miles-per-hour in an admirable 7 seconds. 380mm discs gripped by six-pot calipers bring it all back to a halt, surrounded by 22-inch wheels bearing 305/40 Continental rubber. The interior, decked out in carbon fiber, is a matter of taste, but we love how Geiger revives classic racing livery: After their custom H2 popped up in a baby-blue and orange Gulf scheme, this H3 brings back the iconic striped white Martini livery popularized by Lancias on the rally circuit and Porsches on the track. Check it out for yourself in the gallery below.

    Gallery: Geiger HUMMER H3 V8 Kompressor


    [Source: Motor Authority]

     

     

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  • Pininfarina to cease contract manufacturing, transfer ownership to banks

    Pininfarina Sintesi


    It's been a rough few years for Italy's coachbuilders, and times aren't getting any easier. Bertone almost went under before a rescue plan was approved by the courts at the eleventh hour, and now Pininfarina is poised to follow them down the same path. Drowning in nearly €600 million in debt, Pininfarina is set to shut down its contract manufacturing operations and concentrate on its own electric vehicle initiative while the family loses control of its company to the banks.

    Although contract manufacturing once constituted the lion's share of business for outfits like Pininfarina, those times are long gone. Pininfarina still makes the Focus Coupe-Cabriolet for Ford and the Brera and Spider for Alfa Romeo, but at levels hovering around a quarter of anticipated output. Instead, the design house will refocus on its joint production of the Bzero electric vehicle with Bollore, targeted to hit the market in 2010-11. Meanwhile, the grandchildren of Battista "Pinin" Farina - recently lead by Andrea Pininfarina (until his death in a tragic accident in August) and now led by his brother Paolo - will transfer 50.4 percent ownership to its creditors in exchange for a €180 million reduction of its debt, to be followed by a further reduction of €70 million in exchange for rights to the name. The family, meanwhile, will retain only 4.5 percent stake in the namesake company, with the remaining shares publicly traded (including some held by Enzo's son Piero Ferrari and some by Tata). The banks, however, will seek no management changes or board seats in exchange for the controlling interest.

    Gallery: Pininfarina B0


    [Source: Automotive News Europe - Sub. Req.]

     

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  • Barn Find of the Decade: 1937 Bugatti Type 57S Atalante

    1937 Bugatti Type 57S Atalante


    Close your eyes and imagine opening a deserted garage door, only to find a forgotten four-wheeled treasure sitting there in perfect condition. What would it be? We have a feeling we'll get all sorts of answers in the comments section, but for many enthusiasts, the answer would be, without hesitation, the Bugatti Type 57S Atalante. And that's exactly what the children of the late (and appropriately named) Dr. Harold Carr found in their father's garage.

    The Atalante is among the most beautiful, the most coveted and the most iconic of Bugattis ever produced. Not to be confused with the even rarer Atlantic, of which only two of the original three remain in existence, the 57S Atalante was made in a limited run of 17 examples, and a quarter of them are housed in a museum in rural France. This one went missing half a century ago, only now to be found again. It was originally owned by Earl Howe, first president of the British Racing Drivers' Club, and changed hands several times before the reclusive Dr. Carr mothballed it. Estimated values for the car are all over the map, with values as high as £6 million (about $8.8M USD) being discussed. Naturally, as rare as it is for a classic like this to change hands, its real value will be determined by how much a well-heeled collector is willing to pay for it when it rolls onto the block in February at Bonhams' "Retromobile" auction in Paris. Follow the jump for all the details.

    Gallery: 1937 Bugatti Type 57S Atalante


    [Source: UK Telegraph; Bonhams]

     

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  • More of the Same: Volkswagen Polo GTI rumormill swirls

    Volkswagen Polo GTI in our hi-res image gallery


    The interwebs were all alight like Times Square last night with reports of a new Polo GTI on the way. According to
    Auto Express, the mini-GTI will upgrade on the upcoming replacement for the current Polo with all manner of GTI-trademarked upgrades, from sport seats to the black grille with red stripe, with power provided by the same 1.4-liter twin-charged TSI four as the upcoming SEAT Ibiza Cupra and driving 178hp through a six-speed manual or seven-speed DSG to reach sixty in about seven seconds.

    Sounds good, though we're not likely to get the Polo in the American market, in regular or sport versions, for the foreseeable future. What the reports apparently neglect to mention, however, in their enthusiasm for a revived Polo GTI, is that Volkswagen already makes one. The current Polo GTI revived the model in late 2005 with a 1.8-liter turbo four offering up 148hp. Because that didn't measure up against the competition, VW came out with the Cup Edition that boosted output up to 178hp, the same output which
    Auto Express pegs for the new version. If the new Polo GTI does indeed bow this year in Frankfurt, we'll be on hand to bring it to you live, but one thing's for sure: Wolfsburg will hardly be reinventing the wheel if and when it does.

    [Source: Auto Express]

     

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  • Tata Indica celebrates decade of sales with special edition


    This cute little guy is the Tata Indica Vista, a special edition created to celebrate ten years of Indica sales. The Indica has perennially been one of India's best selling cars, as well as being Tata's prime mover. Given credit for greatly lifting the fortunes of the company, the Indica walks off with 78% of sales among the cars built on its platform (like the Indigo and Marina).

    With design elements that might be generously taken from Ford's European design language, the Vista's changes from the regular Indica are all cosmetic. It will get a specially designed number plate, an interior with better materials and design, an integrated audio system and double-stitched seats. It will come in a selection of colors and a variety of wheel options, and if you're keen on the Vista, you can even read a review. For the rest of you, the full press release is after the jump. Let's hope Tata can create the same magic with Jaguar and Land Rover after ten years of ownership.

    [Source: Indian Autos Blog]

     

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  • UK police admit almost half of all speed cameras are off

    We all know the drill. You see a speed camera, you slow down, you look at the camera, you check your speedometer and look for the camera again. But in the UK at least, reports now indicate that nearly half of the 1,000 speed cameras installed are entirely inactive.

    Because many of the cameras installed in the UK during the 1990s failed to meet transportation department criteria for deployment, some 40% were immediately decommissioned. However, the boxes that house them are still there, even though many of them are empty altogether. Motorist groups are lobbying to have the inactive devices removed, citing them as a dangerous roadside distraction, but the government insists that whether they're in use or not, the visible presence of the camera boxes keep drivers' speeds in check.

    [Source: The Daily Mail, Photo by SHAUN CURRY/AFP/Getty]

     

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