General Motors is moving full steam ahead on its hopeful sale of HUMMER, moving to make a decision on the SUV marque "as quickly as practical." Shortly after appointing Jim Taylor to the head of the brand, the automaker has contacted interested parties with a full sales prospectus. By now, you're surely aware that sales of the gargantuan 'utes are very slow, posting declines of over 50-percent so far this year. No surprise then that the General would be anxious to get the former military-spec brand off its books. Though GM claims it is not necessarily committed to selling the marque, we're not so sure they have many other options. An entire revamp of the HUMMER line would use up precious resources that would surely be better spent on more fuel efficient, forward thinking products like the Chevy Volt, Cruze and Orlando. In any case, look for an announcement regarding the brand's future in short order.
Americans may be more familiar with the International Race of Champions, IROC for short, due to that race's popularity in the '80s and '90s and for the Chevy Camaros and Dodge Daytonas affixed with the badge. In the rest of the world, though, the more popular series is called the Race of Champions, but the idea is the same. Take top drivers from various racing leagues and pit them in similar cars against each other on a number of different race tracks. This year, the ROC's organizers are testing a bunch of cars to be used for the next event, including the track-ready KTM X-Bow and a wild-sounding contraption that uses twin Suzuki Hayabusa engines driving all four wheels. The actual race will take place in London at Wembley Stadium on December 14 and will feature Tom Kristensen (Team Scandinavia), Michael Schumacher (Team Germany), Sébastien Loeb (Team France), Andy Priaulx (Team Autosport Great Britain), Troy Bayliss (Team Australia), Mattias Ekström (Team Scandinavia), Jenson Button (Team Autosport Great Britain), Mark Webber (Team Australia) and Sebastian Vettel (Team Germany).
It's a claim that needs a big, fat asterisk after it, but Chrysler's Jim Press is cheerily touting a $1.1 billion dollar gross profit. The number, which wasn't pulled out of a posterior orifice but has yet to be adjusted, is known as the EBIDA, or earnings before interest, depreciation, and amortization. Well, shoot, if you take all of the albatrosses off the necks of the automakers, they're all cranking along with nice gross profit numbers. Too bad that Chrysler's gross profit will turn into a disgusting loss once the accounting is done. It's good news that Chrysler's still making some money, even if a gross profit will turn into a net loss, and Press seems to indicate that Chrysler is aimed at right-sizing itself for future success. Moving vehicles is increasingly becoming a challenge as we suffer a hangover from the boom years of easy credit, and total volume is bound to be off by millions compared to just a few short years ago. Chrysler's product line doesn't strike us as well situated to eventually earn a net profit, saddled as it is with subpar interior materials, powertrains that want for refinement and output (in everything that's not V8- or Hemi-powered, that is), and uninspired design, but if Cerberus hangs in there instead of making everyone's strip and flip fears come true, the automaker may be able to get its act together for its product line after 2010.
The Harbour Report released today reveals that the Big 3 gained major ground in closing the productivity gap with Japanese automakers building vehicles in North America last year. The report found that Chrysler had actually improved enough to tie Toyota as the most productive multi-plant manufacturer on the continent, with both automakers spending an average of 30.37 hours to build a vehicle. The most productive single plant in North America also belongs to Chrysler, as the once experimental Toledo Supplier Park takes just 13.57 labor hours to build a Jeep. For their parts, General Motors plants averaged 32.29 hours per vehicle and Ford plants averaged 33.88 hours per vehicle, both an improvement over last year's numbers.
The news was not all good, however, as the report found that despite improving their productivity, the Big 3 are still unable to match the Japanese in profit made per vehicle. While Honda and Nissan earned $1,641 per vehicle built in North American last year and Toyota earned $922, Chrysler lost $412 per vehicle and GM and Ford lost $729 and $1,467 per vehicle, respectively. Much of those losses come from high health care costs and profit-shrinking incentives required to move less popular vehicles like trucks and SUVs. The Harbour Report suggests, however, that employee buyouts and those new contracts with the UAW that get them off the hook for retiree health care will improve the Big 3's profit per vehicle dramatically.
Last Friday, Tesla chairman Elon Musk took delivery of the first production Roadster, which carries the name P1 (Production vehicle 1). The black coupe was flown in from Hethel, England, where all Teslas are being built alongside the Roadster's cousin, the Lotus Elise. When the Roadster arrived at the start-up's R&D facility in San Carlos, California, it was pushed into the garage and had its Thailand-produced battery pack installed. After the battery was fitted and charged, Musk led a pack of four other Roadsters on a quick drive and AutoblogGreen was able to procure a video of the run. For those of you who wanted to hear how the Tesla Roadster sounds while accelerating, we've embedded the video after the jump.
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