AutoWeek reports: Pretty Appliance. You know, it is a toaster. We know that sounds funny, but Toyota removes the inspiration from the car and makes it something to just take for granted. And we're not saying that's a bad thing at all. Toyota (Honda, too) takes a car and refines the hell out of it until it's perfect. And we bet that most non–car enthusiasts don't want a car for inspiration or the thrill of driving. They just want to get to work without breaking down. And what's Detroit doing? Rather than refining, they just come out with new models. That's the executive way. What else is the executive way?...
[Mr. Lutz]: "Here's where people get this wrong: They say, 'Why are executives paid so much? You have to ask: Why are professional athletes paid so much?'"What? Before that he said:
"I have to say I gave at the office," GM Vice Chairman and product chief Bob Lutz said, referring to what he estimates is a 60 percent drop in his salary after company losses forced him to forgo a bonus and rendered his stock options worthless.Poor Mr. Lutz. In the last few years (2003+2004), he made 11,000,000 d o l l a r s. In the first nine months of 2005, GM lost 4,800,000,000 dollars.
Lutz asserted that cutting executive pay could trigger a talent drain at a time when the automaker needs to marshal all of its resources.Talent, eh?
The Detroit News reports: GM gives dealers coupons to help close deals. Didn't GM just lower the price on most of their cars and say no more rebates and whatnot? But now they sent dealers some coupons? Man, we don't understand the car industry at all.
CNN/Money reports: Rivals challenge Toyota's hybrid push. We're pretty sure everyone agrees that hybrids aren't the answer. Using less fuel is. We're glad there's a choice out there for all of us to choose what we want to buy: hybrids, diesels, less-powerful engines, etc. Fuel economy could be raised if manufacturers would stop making 225+ horsepower cars and focus on refining the current technology (i.e., make current engines more fuel-efficient, improve tranmissions so power isn't wasted).
CNN/Money reports: Toyota: Hyundai is a real threat in U.S. That headline says it all. Hyundai is growing like crazy, with sales up 8.7% over 2004 (calendar year). The CNN article claims a sales decline of 7.7%, but we're not sure how they got that. We've always felt Hyundai was going to be big.
Poor Geely was all alone in corner of Cobo Hall that made the would-be Chinese import practically invisible to the Detroit show’s press throngs.See, what Geely didn't realize was they needed to budget for booze. And food. And hookers. Ah, forget the booze and food.
Well, what the hell do you think? Comments are open below for you to spout your thoughts. Share them! Dammit! Share them! Don't make us make you drive an Aztek!