Cars! Cars! Cars!

Screen Door Factory Gets a New Neighbor!

There's gonna be a new car company in Delaware? Next to the screen door factory? Seriously, this is where we'da rather seen the car bailout money go -- to new start ups with new ideas.

Referenced articles

emptywheel: Biden To Announce Fisker Auto Plant In Wilmington Delaware

A Loan

OK, so Koenigsegg Group AB want to buy the Saab division from GM. But they need a loan to do it. It looks like about $600,000,000 is needed. So, at the current rate of 19 Saabs sold per day at a rate of (this is where we make up stuff) $38,500 per Saab, the loan could be paid back in:

F O U R H U N D R E D B I L L I O N Y E A R S

Sounds like Wall Street should be behind this one! Actually, it would take two years to generate $600 million in sales… but that's not including the cost of the car itself. So, yeah, 400,000,000,000 years to pay this loan back.

There is no reason Koenigsegg Group AB should buy Saab. The division should go away.

Referenced articles
Automotive News: Saab loan-guarantee decision months away

Swedish

Just One. Really?

Just one GM was returned during the 60-day guarantee? Meanwhile

He [GM Vice Chairman Bob Lutz] says consideration for GM vehicles is up 15 percent and says its market share in September, 20.5 percent, is the same as last year.

Consideration, eh? We wonder how sales are doing this Oct…

But back to our first point… And it was an exchange, not a real return? Man, that sounds fishy. Also sounds like a good story that is just told to get picked up and retold… Damn you, GM!

Referenced articles
autoweek.com: A Chevrolet Corvette the only ‘authenticated' return under GM's 60-day guarantee, Lutz says

Recall!

No, not good 'ol GD, just some Fords. One million? No, keep going. Two? Nope. Three. Think mo. Mo mo mo. Four?! Oh, stop, we'll answer for you.

4,500,000

All the way back to when Clinton was in office! Sweet mercy that's a lot of Fords. There's a good chance the tech that'll repair your car was 8 years old at the time some of these beasts were made.

Referenced articles
CNNMoney.com: Ford recall hits 4.5 million vehicles

Can't Be Real

There is no way that DeLorean Motor Company is considering building a car based on the Pontiac Solstice.

That car helped kill Pontiac and Saturn. No, it did not single car-ily kill both companies, but it was a great example of why both companies failed.

Why DeLorean would want any part of this… Feels like a lot of car companies are just grasping at anything.

Referenced articles
Autoblog: Rumormill: DeLorean Motor Company considering rescuing Pontiac Solstice?

Who knew we needed a DeLorean category?

Time To Make A New Category

Not that we care all that much for Trucks* but what the hell is Chrysler thinking? A brand just around the RAM trucks? It's not like these things have been selling like hotcakes... so WTF?

Is Chrysler going to spin off the Challenger, too? Oh, look, the Challenger brand is up 100% (when they sell their second car).

Seriously, we almost started the WTF category when Penske was going to buy Saturn but we scrapped it when Penske scrapped their plans. We decided we'll move ahead with the WTF category if Konenenishooterglavenberg makes the Saab purchase official, but now we're wondering if we should do it now.

WTF!

Referenced articles
PickupTrucks.com: Dodge Trucks To Be Separated From Cars Under Ram Brand

*We're just kidding, trucks. We hear Alison likes her some trucks. Oh, that picture is from Dodge. Copyright Dodge.

Saab On The Brain?

Sorry for our rants about Saab recently (No Way), but what is up with Saab? How can this niche brand still be around?

Specifics? Sure, in August and September Saab sold 19 cars a day. Two months in a row! July? 22. Come on, Saab is totally, totally over. And there is no way any sane company is going to buy it. Just for comparison's sake, in the time that Saab sold 960-some cars, Toyota sold 300-THOUSAND (cash for clunkers helped this, sure, but come on! Saab sold fewer during the cash for clunkers shenanigans).

Anyway, Saab dead. Let's move on.

Referenced articles
Autoblog: By the Numbers - August 2009: Cash for Clunkers Edition
Autoblog: By The Numbers - September 2009: Post C4C, We're All Alright Edition

During the same two months in which Saab sold 960-ish Smart sold over 2,200! And how many Smart Cars have you really seen?