July Sales: Cash for Clunkers Spurs FoMoCo; Toyota Regains Second-Place

DETROIT – Ford Motor Company is ebullient about its first year-over-year sales increase since November 2007. Total Ford-Lincoln-Mercury sales, including fleet, rose 2 percent in July 2009 compared with July 2008, and of that, retail sales rose 9 percent. Still, it’s too early to party. The Great Recession isn’t over yet.”Right now, the legs under the economy are not strong enough to sustain a 14-16 million sales rate as we saw at the end of July,” says Ford analyst George Pipas. “A sales increase in July is not the end of the journey.”Aside from the minor increase compared with a very weak July ’08, when gasoline averaged $4.11 per gallon, Ford proved through individual model sales that the Cash for Clunkers program helped move fuel-efficient metal. Probably not coincidentally, the low-priced cars and trucks that consumers who until now were driving clunkers could afford to buy moved the most. Ford Focus sales surpassed Fusion sales, although both models were up compared with last year. Even though a four-cylinder Fusion is within a couple mpg city/highway, the smaller, cheaper Focus easily outsold the Fusion, 21,830 (up 43.6 percent) to 17,610 (up 66 percent).The redesigned-for-2009 Focus became Ford’s darling when gas topped $4 per gallon. Earlier this year, the facelifted 2010 Fusion was Ford’s savior in some of the slowest sales months in decades. Advertising dollars targeting new models helps.If Cash for Clunkers money drew a lot of prospective buyers to Ford lots in the last week, I’ve got to bet that some of those consumers trading in ’90s Explorers chose, say an $18,000-list Focus over a $23,000-list Fusion because it better met their budgets. Many of those clunkers undoubtedly were third or even fourth cars, driven by the high schoolers in the family. Estimates of how much oil the program saves may be a bit of a stretch.No matter. The program is a success for bringing consumers back into the market — either those who have been holding off or those who figured credit had dried up so much, it wasn’t worth it to walk into a showroom. General Motors estimates July sales for all makers totaled an annual rate that would equal about 11.3-million vehicles, marking the first month in 2009 above the 10-million level.And GM has just announced a lease program with U.S. Bank for Chevrolets, Buicks, GMCs and Cadillacs (its core four in North America) for New York, New Jersey, Connecticut, Michigan and Ohio through August 31. U.S. Bank leases for the new Cadillac SRX are available nationwide.Meanwhile, Chrysler says that The Wall Street Journal got it wrong Monday morning. Chrysler will continue to offer matching incentives of up to $4500 on certain models whether you bring in a clunker or not. Obviously, if your local dealer is out of, say, 2009 PT Cruisers, you’re not going to get $4500 off a 2010 model. And so, to the numbers:GM: 189,443, off 19.4 percent.Inventory of about 466,000 is the lowest on record, says sales veep Mark LaNeve.With inventories dropping for all automakers, the deals aren’t likely to get any more desperate.Chevy division sales were relatively strong, at 124,948, still down 9.3 percent.Equinox was a rare gainer, up 77.8 percent to 10,834. About 60 percent were ’10 models, and most of those were four-bangers.Buick Enclave remains strong, selling 3,797, off 2.5 percent.Cadillac, at 6,171, off 52.6 percent, was the biggest loser of the core four.Saab was off 71.7 percent to 574 and Hummer was off 57.4 percent to 799.Impala was up 9.6 percent to 14,649 but Malibu was off 7.8 percent to 15,339.Modern wagon wars continues: Toyota sold 9,407 Highlanders, (+39.1 percent), Chevy sold 6,690 Traverses, Honda sold 6,430 Pilots (-15.3 percent), Dodge sold 4,165 Journeys (+21 percent) and Ford sold 3,631 Flexes (+64.7 percent).The new Camaro continues to be in short supply. Chevy sold 7,113, vs. 6,686 Ford Mustangs (-37.6 percent) and 886 Dodge Challengers (-69 percent).GM will build some 2010 G6s for fleet customers, LaNeve said, making it the last Pontiac.The New GM of Chevy, Buick, GMC and Cadillac, sold 160,078 vehicles, a couple thousand more than Ford/Lincoln/Mercury but short of Toyota.Toyota-Scion-Lexus: 174,872, off 11.4 percent.Toyota division accounted for 156,355 (including Scions), off 10.8 percent, making Toyota the U.S.’ best-selling brand.Lexus fell 16.5 percent to 18,517.Prius jumped 29.7 percent to 19,173. Camry sales fell 19.4 percent to a still-strong 33,974.RAV4 may have benefited from the clunkers credit, up 32.5 percent to 15,912.Midsize pickups also are doing well. Tacoma was up 7.6 percent to 12,552.Monthly Scion numbers: 6,754, vs. 11,906 in July ’08.Ford-Lincoln-Mercury: 158,838, up 2 percent.Focus was Ford’s best-selling car, up 43.6 percent to 21,830.Fusion was up 66 percent to 17,610.F-150 remains Ford’s best-selling vehicle, off 19 percent to 36,327.Escape was up 94.2 percent to 20,241.Ranger was up 64.5 percent to 7,695. Looks like another Cash for Clunkers winner.Taurus was off 57.1 percent to 1,760 as Ford ramped down the old model.Mercury Milan was up 59.8 percent to 2,934 while Mariner was up 70.5 percent to 3,682 as the Lincoln side of the showroom suffered a 24.3 percent drop.Inventory of 295,000 vehicles, averaging less than a 50-day supply, is 41 percent thinner than at the end of July ’08.Honda-Acura: 114,690, off 17.3 percent.That’s 106,028 Hondas, off 15.8 percent, and 8,662 Acuras, off 32.5 percent.Civic was up 3.1 percent to 30,037.Accord was off 28.1 percent to 29,774.Fit was off 27.6 percent to 8,876 but CR-V was up 9.9 percent to 19,151.Acura RDX was off 62.5 percent to 519 and TSX was off 35.8 percent to 2,232.Chrysler LLC: 88,900, off 9 percent.Winners were small models, helped by heavy incentives. Chrysler PT Cruiser was up 24 percent to 4,092 sold.Jeep Patriot was up 134 percent to 8,084 and Compass was up 95 percent.Jeep Wrangler, which posted increases for the first five months of the year, was down for the second month in a row, off 25 percent to 4,540.Dodge Caliber was up 63 percent to 7,814.Avenger was up 30 percent to 5,616.Sebring was off 27 percent to 2,781. Chrysler has sold 13,466 for the entire year so far, well below Ford Fusion’s monthly sales.Chrysler Town & Country fell 15 percent to 6,837. Dodge Caravan was up 15 percent to 8,405, however.Ram was off 17 percent to 17,723.Nissan-Infiniti: 71,847, off 24.6 percent.Nissan division was off 24.8 percent to 64,751.Infiniti was off 23.3 percent to 7,096.Nissan Versa was off just 2 percent to 8,530, though Sentra fell 13.5 percent to 9,496.Rogue sales were up 3.8 percent to 6,770.Z was up 11.9 percent to 890. Inexplicably, Infiniti QX56 was up 0.4 percent to 553.Nissan GT-R was off by 19 units to 128.OTHERS …Hyundai says 22 percent of its trade-ins were “clunkers.” Sales rose 12 percent, to 45,553. Accent, Sonata, Elantra and Genesis all posted gains and Santa Fe was down very slightly.Kia sold 29,345 units, up 1,324 units from last July. Subaru was up an impressive 34 percent, to 21,839. Mazda sold 19,032, off 15.1 percent.BMW Group, including Mini, was off 26.7 percent, to 21,253. BMW brand sold 16,381, off 31.5 percent. Mini was off 3.8 percent, to 4,872. Only all-ne
w models gained sales last month; BMW Z4 (up 33.8-percent) and 7 Series (up 14.5 percent), and Mini Cooper convertible (up 45.1 percent).Cash for Clunkers helped Volkswagen, which was up 0.7 percent, to 20,590 while Audi says it outperformed the premium segment, dropping just 5.8 percent, to 6,407. The clunkers program does not help with new cars north of $45,000.Mercedes-Benz USA, sold 17,646, including 16,228 Mercedes (off 21.7 percent) and 1,418 smarts, off 44.6 percent.Jaguar Land Rover fell 25 percent, to 2,607. Jaguar was down 45 percent, to 785 cars and Land Rover was down 11 percent, to 1,822.
Source : blogs.motortrend.com/6564996/car-news/july-sales-cash-for-clunkers-spurs-fomoco-toyota-regains-second-place/index.html

RadioActive: Ford Sold Jaguar Too Soon

OK, I admit it, I have a thing for Jags.  Maybe it all stems from peeking into the interior of an exquisite XKE as a kid, and being dazzled by the instruments and switches. To me it was an aircraft for the road all wrapped in supermodel body. This is the kind of car I would own someday, I thought at the time.

In 1975 Jaguar introduced the XJ-S. As a young teenager I walked into the local dealer and picked up the brochure. “Thundering Elegance” was the advertising tag line Jaguar used back then, and to me it was all that and more.

Frank Sinatra owned one, so did Rick Ocasek — lead singer of the Boston-based rock group The Cars. Ocasek was frequently seen on  posh Newbury Street with his wife, 70’s super model/poster queen Paulina Porizkova. Rick is not exactly GQ material but with a cool career and that XJS, the unobtainable seemed possible…

In 1996 I received my first weekly press car.  It was the all new XK8 convertible thanks to ex-Automobile magazine editor Kathleen Hamilton, who was the head of Jaguar PR at the time. During the course of the week loan I sold a lawyer friend of mine on the car and he bought one. Ten years later in 2006, for my honeymoon road trip my car of choice was the all new XK8 coupe.

The Boston Motor Trend garage in the last year has seen two normally aspirated Jag models — a 2009 XF and brand new 2010 XF Premium sedan equipped with the new 5.0 liter, 385-hp V-8. Last May while while visiting the home office in L.A. I got to sample the 2009 Supercharged XF in our long term fleet.

Ian Callum’s design continues to grow on me and the XF seems to attract a lot young female professional type demographic attention,  I am sure this is great news for the Jaguar marketing folks.

The XF interior is a wonderful place to spend time and the ride/handling balance is outstanding. This is one of the true great values in the luxury automotive marketplace. The added horsepower on the premium 2010 XF is a welcome addition at 385 ponies, but I think it is smart that Jaguar kept the base 4.2 liter, 300-hp model in the lineup. Can’t wait to get behind the wheel of the new XFR.

This past week the Boston MT garage was blessed with the arrival of the stunning 2010 XKR convertible. XKR also receives the pumped-up 510 hp, 5.0 liter V-8 that resides under the hood of the XFR.  Interior wise the XF’s pulsing red start/stop button has made its way into the XK lineup along with the innovative drive select switch gear. The XKR’s exhaust note is subtle around town and thunderous under heavy throttle.  My favorite XK is still the coupe and to me it’s a bargain — the styling alone is worth the price of admission  You can have your Aston Martin, I’ll park an XKR coupe in my dream garage.

In the next few weeks on MT Radio join us we cover the launch of the all-new XJ. You can join us every Saturday or Sunday by listening to one of our Talk Radio Network stations or on Stars 2 Sirius 108/XM 139 8-10AM PT /11-1PM ET.  We have free podcast available as well on iTunes, keyword: Motor Trend

Source : blogs.motortrend.com/6561974/auto-review/radioactive-ford-sold-jaguar-too-soon/index.html

The V-6 Corvette and Other Heresies

I’m still tingling from this morning’s 300 mile cross country-blast in the Corvette ZR1. I didn’t go over 140 mph, but Lordy, what a car! Punch the gas and the LS9 bellows like a lion kicked in the balls, delivering a surge of pure, weapons-grade thrust. The short-throw Tremec TR6060 six-speed is slicker than any gearbox handling such massive torque loads has a right to be. The massive Michelin Pilot Sport tires grip like leeches, the steering is accurate and nicely weighted, and the huge carbon brakes are simply bulletproof, hauling the ZR1 down from unfeasibly fast velocities time and again without a hint of fuss and fade.

This ZR1 is without doubt the most accomplished Corvette ever; the first that could be considered a true Ferrari rival. I adore it, so much so I can forgive its cheap-looking, made-by-Mattel interior and the faint whiff of Dogtown surf shop when I open the rear hatch. So why on earth did I suggest GM build a V-6 Corvette in my story on how we’d remake GM’s product range earlier this week?

Fair question.

Back in 2007 we pulled together a number of scenarios for the C7 Corvette, which at the time was scheduled for a 2012 debut. In it we outlined three different scenarios for the C7’s development. Our preferred option was a careful evolution of the C6, with a three model line up — base, Z06, and ZR1 (though at the time we didn’t know what the super-Vette was going to be called) — all powered by V-8 engines.

A couple of things have changed since then, though. First, timing: The C7 program has been on hold indefinitely since last year, and the sudden retirement last November of Tom Wallace, only the fourth Corvette chief engineer in the car’s history — he was barely three years into the ultimate gig for any GM engineer with an ounce of gasoline in his veins — suggests it’s not likely to be started again in a hurry. That pushes the potential launch of a next generation Corvette to 2014 or 2015 at the earliest.

The other big change since our 2007 story, of course, is that we now know exactly what the new CAFE regulations look like. We based our preferred scenario on a CAFE mandate of 35 mpg by 2020. As we now know, it’s 35.5 mpg by 2016, and because SUVs still get a break, that translates to a 39 mpg target for cars. Bottom line: If Chevy green lights the C7, it now has to meet a tougher fuel economy target from the get-go.

The 6.2-liter LS3 V-8 that currently powers the base C6 Corvette is an impressive engine. It’s relatively light and compact and quite fuel efficient for its capacity. A base C6 manual returns an impressive 16 mpg city and 26 mpg highway, though GM is a master at gaming the EPA numbers: you get 26 mpg courtesy of a mountain of torque and a moonshot sixth gear, and 16 mpg only if you’re prepared to live with the klutzy first-to-fourth skip-shift and drive like a granny.

Could the LS3 be made fuel efficient enough to survive beyond 2016 in a Corvette that’s going to have to be smaller and lighter than the C6?  Cylinder deactivation is difficult, because the system sets up all sorts of weird harmonics through the Corvette’s torque tube and rear-mounted transmission layout. Direct injection is a more promising alternative, as you could reduce the LS3’s capacity to further improve fuel economy while still delivering good power. Variable valve timing offers potential for further efficiency gains. Both add cost and complexity, however.

So it would be foolish not look at the direct injection 3.6-liter V-6 as option. The hardware’s shared with a large number of GM products, helping keep a lid on costs. Would performance suffer compared with and LS3 powered C6? Sure, but not by as much as you might think. And if the alternative is no Corvette at all, why not consider it?

My other point is this: A V-8 under the hood is nice, but it doesn’t automatically make a Corvette a great sports car. Exhibit A: The 1975 C3, which boasted a pathetic 165 hp, and could barely get out of its own way. And unless we want to turn Corvette into a kind of four wheeled Harley-Davidson — an amusingly pointless anachronism — we should be prepared to accept the fact that sports cars must change and evolve with the times.

Porsche’s 911 started out as a flat-four before it became a flat-six, and the company is looking to going back to a four again for an entry-level Cayman. Ferrari’s first road car was a four-banger, then came a long line of V-12s before it built its first V-6 road car in the 60s and first V-8 road car in the 70s. Lotus sports cars have been powered by fours, sixes and eights; Jaguars by sixes, eights and twelves. Cylinder count does not define a great sports car.

Besides, if you re-read my story carefully, you’ll see I didn’t say all C7 Corvettes should be V-6. If I ran the New GM I’d make sure I’d keep that mighty LS9 alive, powering a C7 ZR1. It’s a 2000-3000 unit a year car at most, low enough volume to keep it flying under the CAFE radar. America should continue to build at least one true, no-holds-barred Ferrari fighter.

Source : blogs.motortrend.com/6520948/editorial/the-v-6-corvette-and-other-heresies/index.html

Scoop! Jaguar Extended-Range Hybrid Sports Car in the Works

Timing on Jaguar’s XE two-seat roadster may slip past its planned 2011 Geneva show introduction thanks to lean resources resulting from the global economic crisis. However, Motor Trend has learned that whenever it first appears, the sports car will get a 21st Century, green-economy boost in the form of a Chevrolet Volt-like powerplant. An electric motor with an extended-range three-cylinder gas engine is being engineered for the new-age E-Type, in addition (we hope) to Jaguar’s conventional 5.0-liter and supercharged 5.0-liter V-8s. Whether the extended-range XE will make it beyond the concept stage is uncertain.

It’s also unclear whether the electric XE would be in addition to an extended-range electric XJ rumored to be scheduled for introduction in late 2011, a year after the conventional XJ’s release.

Ratan Tata, whose company bought Jaguar and Land Rover from Ford Motor Company, is said to support the XE’s development. His father once owned a Jaguar XK120, and Tata told Autocar earlier this year, “We need to emerge with something shiny and new, which is why we are reprioritizing the roadster right now.”

The 5.0-liter, 385-horsepower AJ V-8 and 510-horsepower, supercharged 5.0 are obvious choices for the XE. While an extended-range electric XJ would be designed to take on the Fisker Karma, an extended-range electric XE could be a competitor for the all-electric Tesla Roadster.

The last Jaguar E-type arrives 31 years later

Posted on 12.5.2008 13:30
by
Simona Alina,
Myles KornblattFiled under:
Jaguar | classic cars | Jaguar E-typeThe E-Type was the defining car for Jaguar. The sexy sports car kept Jaguar on the kid's bedroom walls for fourteen years. But when production ended in 1975, that wasn't the last chapter in the story. There were still spare parts at the Jaguar factory in England. They were sold off to a man who had plans for the spares. Unfortunately time caught up with the man, and the parts remained in storage. In steps Ray Parrot, a self-taught restorer and Jaguar fanatic. He bought the remaining (…)
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Cat?s new XFR bares its claws

Mighty new Jaguar will be powered by a 500bhp engine, and is scheduled to appear next year.
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This week in brief

Posted on 11.28.2008 18:30
by
Simona AlinaFiled under:
Here are some of the important news items of the week: 2010 Porsche Panamera Jaguar XF Coupe Subaru Impreza WRX Ford will reveal new Mustang in Detroit Heffner Performance and Camilo Pardo Special Edition Ford GT Aston Martin Rapide official rendering Lamborghini Super Trofeo .
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Jaguar Models

Sports:

1948?1954 XK120
1954?1957 XK140
1957?1961 XK150
1961?1974 E-Type
1975?1996 XJ-S
1992-1994 XJ220
1997?2005 XKR (X100)
2007-date XKR (X150)

Compact & Medium Executive:

1935?1949 1? Litre saloon
1955?1959 Mark 1
1959?1967 Mark 2
1963?1968 S-type
1966?1968 420
1966?1968 240 & 340
1999-2008 S-type
2001-date X-type
2008-date XF (new model replacing S-Type)

Large Executive:

1935?1948 2? Litre saloon
1937?1948 3? Litre saloon
1948?1951 Mark V
1951?1957 Mark VII (& VIIM)
1957?1959 Mark VIII
1959?1961 Mark IX
1961-1970 Mark X
1966-1970 420G
1968?1987 XJ6 Series 1, 2 & 3
1972?1992 XJ12
1986?1994 XJ6 (XJ40)
1993?1994 XJ12 (XJ81)
1995?1997 XJ6 & XJ12 (X300 & X301)
1998?2003 XJ8 (X308)
2004?date XJ (X350)

wikipedia

Jaguar History

Founded as the Swallow Sidecar Company in 1922, by two motorcycle enthusiasts, William Lyons and William Walmsley, the SS Jaguar name first appeared on a 2.5 litre saloon in 1935. The Jaguar name was given to the entire company in 1945 when the SS was dropped due to lack of popularity from WWII.

The distinctive “leaping Jaguar” mascot

Jaguar made its name in the 1950s with a series of elegantly-styled sports cars and luxury saloons. The company bought the Daimler Motor Company (not to be confused with Daimler-Benz), in 1960 from Birmingham Small Arms Company (BSA). From the late 1960s, Daimler was used as a brand name for Jaguar’s most luxurious saloons.

Mergers and nationalization
Jaguar merged with the British Motor Corporation (BMC), the Austin-Morris combine, to form British Motor Holdings (BMH) in 1966. After merging with Leyland, which had already taken over Rover and Standard Triumph, the resultant company then became the British Leyland Motor Corporation (BLMC) in 1968. Financial difficulties and the publication of the Ryder Report led to effective nationalisation in 1975 and the company became British Leyland Ltd (later simply BL plc).

In the 1970s the Jaguar and Daimler marques formed part of BL’s specialist car division or Jaguar Rover Triumph Ltd until a restructure in the early 1980s saw most of the BL volume car manufacturing side becoming the Austin Rover Group within which Jaguar was not included.

Privatisation
In 1984, Jaguar was floated off as a separate company on the stock market ? one of the Thatcher government’s many privatisations.

Purchase by Ford
The Ford Motor Company made an offer to purchase the company in September 1989 which was accepted at an Extraordinary General Meeting in January 1990 and Jaguar was removed from the London Stock Exchange listings on 28 February 1990. In 1999 it became part of Ford’s new Premier Automotive Group along with Aston Martin, Volvo Cars and, from 2000, Land Rover; Aston Martin was subsequently sold off in 2007. Between Ford purchasing Jaguar in 1989 and selling it in 2008 it did not earn any profit for the Dearborn-based auto manufacturer.

Since Land Rover’s 2002 purchase by Ford, it has been closely associated with Jaguar. In many countries they share a common sales and distribution network (including shared dealerships), and some models now share components, although the only shared production facility is Halewood, for the X-Type and the Freelander 2. However operationally the two companies were effectively integrated under a common management structure within Ford’s PAG.

Sale by Ford
On 11 June 2007, Ford announced that it planned to sell Jaguar, along with Land Rover and retained the services of Goldman Sachs, Morgan Stanley and HSBC to advise it on the deal. The sale was initially expected to be announced by September 2007, but was delayed until March 2008. Private equity firms such as Alchemy Partners of the UK, TPG Capital, Ripplewood Holdings (which hired former Ford Europe executive Sir Nick Scheele to head its bid), Cerberus Capital Management and One Equity Partners (owned by JP Morgan Chase and managed by former Ford executive Jacques Nasser) of the US, Tata Motors of India and a consortium comprising Mahindra and Mahindra (an auto manufacturer from India) and Apollo Management all initially expressed interest in purchasing the marques from the Ford Motor Company.

Before the sale was announced, Anthony Bamford, chairman of British excavators manufacturer JCB had expressed interest in purchasing the company in August 2006, but backed out when told the sale would also involve Land Rover, which he did not wish to buy. On Christmas Eve of 2007, Mahindra and Mahindra backed out of the race for both brands, citing complexities in the deal.

On 1 January 2008, Ford made a formal announcement which declared Tata as the preferred bidder.Tata Motors also received endorsements from the Transport And General Worker’s Union (TGWU)-Amicus combine as well as from Ford. According to the rules of the auction process, this announcement would not automatically disqualify any other potential suitor. However, Ford (as well as representatives of Unite) would now be able to enter into more focused and detailed discussions with Tata to iron out issues ranging from labour concerns (job security and pensions), technology (IT systems and engine production) and intellectual property, as well as the final sale price. Ford would also open its books for a more comprehensive due diligence by Tata. On 18 March 2008, Reuters reported that American bankers Citigroup and JP Morgan shall be underwriting a loan of USD 3 billion in order to finance the deal.

Purchase by Tata Motors
On 26 March 2008, Ford announced that it had agreed to sell its Jaguar and Land Rover operations to Tata Motors of India, and that the sale was expected to be completed by the end of the second quarter of 2008. Included in the deal were the rights to three other British brands, Jaguar’s own Daimler, as well as two dormant brands Lanchester and Rover. On 2 June 2008 the sale to Tata was completed by both partie.

wikipedia

Jaguar

Jaguar Cars Limited is a luxury car manufacturer based in Coventry, England, now operated as part of the Jaguar Land Rover business owned by Tata Motors.

The company was founded as the Swallow Sidecar Company in Blackpool in 1922, changing to SS Cars Ltd in 1934 in Coventry, and finally becoming Jaguar Cars Ltd in 1945. Following several subsequent changes of ownership since the 1960s, the company is now owned by India’s Tata Motors, who acquired it from Ford on 2 June 2008.

Jaguar Cars holds Royal Warrants from HM Queen Elizabeth II and HRH Prince Charles.

Type
Subsidiary

Founded
1922

Founder
Sir William Lyons

Headquarters
Coventry, England, UK

Key people
Ratan Tata, Chairman
David Smith, CEO
Mike O’Driscoll, Managing Director

Industry
Automotive

Products
Automobiles

Employees
10,000

Parent
Tata Motors

Website
jaguar.com