Thursday, November 11, 2010

GM IPO: WILL "GOVERNMENT MOTORS" BECOME THE "PEOPLES' REPUBLIC OF GM?"

By Cammie

Stock market wonks and bargain-hunting investors are anticipating the "initial public offering" for the new stock in "Government Motors" (nee General Motors). And according to one report, one of the most interested potential investors is another "government motors" outfit -- China's SAIC.

So now we've "saved" GM just so a cadre of "godless communists" can get their mitts on what's left. We're a long way from the days of "Better dead than Red!"

To be fair, GM and SAIC have been "fellow travelers" for a while now.

And undoubtedly every one of GM's revolving chain of recent bosses, from Rick Wagoner to "Dial Tone" Ed to boastful IPO wonk Dan Akerson, realizes that the Peoples' Republic of China is the growth market for the future, as well as America's main financier these days. (What was that quote about "capitalists selling the commies the rope they'll hang us with?" Apparently the capitalists will make that rope on "red" credit.)

So, the "Government Motors" bureaucrats likely see an equity tie-in with a Red Chinese government carmaker as a "win/win." And neither they, nor our CINC are going to miss a tee time worrying about any negative implications.

What a mess! Isn't globalization (a/k/a the looting of America) fun?

And it just keeps getting worse and worse. Autoextremist is reporting that Chip Ganassi has blown off Ford's courtship in favor of a deal with "Government Motors" that will include a GM-badged twin-turbo V6 for Indy Car racing.

Oh joy. The Indianapolis 500 is about to become a contest between Japanese and Sino-American carmakers, fought with the horrible noise of "buzzin' half-dozen" engines.

Oh for the days when the hallowed confines of the Brickyard reverberated with the sound of turbocharged Ford V8s! How the mighty have fallen!

At least Ford will have its utter domination of NASCAR (losing) to console itself.

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Tuesday, November 09, 2010


"GOVERNMENT MOTORS" FIRES MR. GOODWRENCH
By Cammie


After spending nearly thirty years and probably billions of dollars building the "Goodwrench" brand, "Government Motors" is giving Mr. Goodwrench a pink slip next February 1.

"Goodwrench" is going the way of Oldsmobile, Pontiac, Saturn and Hummer in order for G.M. to focus more on its four remaining (struggling) brands.

And they pay marketing geniuses big money to come up with stuff like this . . . . Perhaps it would be cheaper just to shovel the money directly into a big bonfire.

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Monday, September 27, 2010

GM'S LIMITED RETURN TO RWD PUTS FORD & LINCOLN FURTHER BEHIND
By Cammie


As Ford is killing off its only remaining North American RWD sedan platform (the beloved Panther . . . Just imagine how awesome a Coyote V8-powered Panther would have been) and moving everything but the Mustang and F/E-Series into too-small-for-V8s FWD platforms, "Government Motors" is apparently regaining a little "mojo."

According to the Automotive News:

GM revives rear-wheel sedans for Chevy, Cadillac
DETROIT -- Plans for a sporty, rear-wheel drive Chevrolet sedan have been revived at General Motors Co., Motor Trend reports in its upcoming November issue. The program had been mothballed over a year ago as GM was heading into bankruptcy.
Additionally, a low volume, rear-wheel sedan planned for Cadillac is expected to carry a price of around $130,000 . . . .


That's bad news for Ford. For a time in the 1990s, Ford was the only Detroiter to offer RWD in anything other than sporty cars and trucks. And Ford has been the only American OEM to continuously offer RWD.

But after the idiotic decision to kill off Ford's Panther takes effect in 2011, Ford will be the only American company NOT to offer a RWD sedan in America. Even Hyundai is going to have more RWD competitiveness than Ford!

That's just bone-headed.

In light of Cadillac's agressive moves (including the incredible the 556 h.p. CTS-V, with a blistering 0-60 time of 3.9 seconds and a Nürburgring laptime of 7:59.32) Lincoln is becoming less and less relevant as a luxury marque.

How long will Ford sit back and let GM steal the American RWD market?

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Wednesday, July 28, 2010

HOLY KILOWATTS! A "SHOCKING" MSRP FOR CHEVY'S VOLT (AND A LEASE WAR WITH NISSAN)
By Cammie



Back in the early days of of the automobile, electric cars were the most popular "girl's cars" around.
But they "shorted out" in the marketplace because they didn't have enough "juice" to compete with cheaper, more practical petrol burners.

Fast forward eighty years. Now we've got another push for battery-powered motoring. Nissan and "Government Motors" are set to fight it out in the initial salvo.
And not much has changed. Electrics are still too expensive. For example, yesterday, Chevrolet announced that the M.S.R.P. of the gas/electric Volt will be a high-Amp $41,000!

That's a lot of coin for a few killowatts. But "Government Motors" is banking on serious tax credits and environmentalist guilt trips to jump start sales of this lead . . . er . . . lithium-ion sled.

Nissan's all-electric Leaf(blower) will sell for about eight grand less. But the Obamaians in the Ren Cen have pledged to match Nissan's lease price of $349-per-month.

Can't you just feel the electricity? Yawn. Zzzzz.

For that kind of money, I'd rather have a 400+ horsepower (298+ KW) V8!

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Tuesday, July 20, 2010

FORD LIMITS SHELBY GT500 PRODUCTION(AND WHY SO FEW GOOD CARS ON TV)

By Hydra (the HOT Lifter Sister!)
Cammie, my plain and tall wallflower of a sister loves to drone on endlessly about her aging Shelby GT500. As far as I can tell, she's wearing it out wheeling it to prayer meetings. And she'll be more heart broken than when she sat out her senior prom to learn that her heros at Ford are limiting production of the 2011 Shelby to a paltry 5,500 units.
Back in the old SVT Cobra days, they used to build almost that many coupes every year.
Here's FoMoCo's social media press release:

Customer demand for Ford’s new 2011 Shelby GT500 is growing nearly as fast as the world’s fastest production pony car. More than 3,300 orders have been placed for the new Shelby GT500. To ensure exclusivity, U.S. sales of the 2011 Shelby GT500 will be limited to 5,500 units.The 2011 Shelby GT500 is powered by a new aluminum-block 5.4-liter supercharged V8 engine, which produces 550 horsepower and 510 lb.-ft. of torque, a 10 horsepower increase over the 2010 model. The engine is 102 pounds lighter than its predecessor, delivering a better power-to-weight ratio, improved fuel economy, acceleration, handling and steering precision.
The new engine uses a state-of-the-art Plasma Transferred Wire Arc (PTWA) liner coating, a process that applies a 150-micron composite coating that contains nanoparticles on the internal surfaces of engine cylinder bores, replacing cast-iron liners typically used in aluminum engine blocks. The Intellectual Property Owners Education Foundation honored the inventors of the Ford-patented PTWA technology with the 2009 National Inventor of the Year Award.Customers are showing an appreciation for the GT500’s performance on and off the track, as well as its many features. Learn more about the performance features and interior options.
(Of course I'm wondering how all the engine-building "Bufords" are going to deal with PTWA . . . which I suspect will be a PITA come overboring time. )

Jamming down the GT500 numbers will preserve the "gougefest" that Ford's dealers enjoy on the Shelby. And it will keep used Shelby values artificially inflated.
But then, times are tough in supercar land. Government Motors only sold 13,934 Corvettes in last year and sales are down 15% so far in 2010. The bankrupts over at Government Motors recently announced that for $5,800, buyers can travel to GM's performance engine facility in Wixom, Michigan, and help assemble the engine to their new Z06 or ZR-1.

I guess we'll have to revise that sign around the shop:

LABOR RATES
$75/hour
$125/hour if you watch

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Monday, April 26, 2010

FOMOCO HOPES TO LEVERAGE S. AMERICA, EUROPE GAINS IN CHINA
(Get the latest "Truth With Speedzzter" here)

Comment: While "Truth With Speedzzter" would rather see FoMoCo investing more in America, (e.g. new large and small RWD platforms, "right-sized" EcoBoost and twincharged DOHC V8s), it’s understandable that the Glass House Gang is looking to Latin America and China for growth.

HERE’S ANOTHER REASON WHY WE ALL MISS FORD’S BRILLIANT GT

FORD MAY REPORT $1 BILLION PROFIT ON HIGHER VOLUMES, PRICES

Comment: Market share back over 17 percent and four positive quarters – could it be that Ford has finally turned the corner? Or is it too early to tell? Before celebrating too much, let’s see how the Fiesta, new in-house PowerStroke, Police Interceptor, and Coyote Mustang launches go.

THE NEW B-CAR KING? U.S.-SPEC FORD FIESTA WOWS AUTOBLOG TESTER

If there's any overarching sensation in the new Fiesta, it's the exceptional
feeling of solidity from behind the wheel – most of the competition feels
like cardboard boxes left to rot in the rain by comparison.

Comment: Too bad Ford doesn’t have a EcoBoost or Twincharged "Fiesta GT" ready for U.S. launch. And Truth With Speedzzter wonders if the Fiesta will be "Kugelized."

MITSUOKA GALUE CONVERTIBLE – HOW TO RUIN A PERFECTLY GOOD MUSTANG

Comment: Although some believe that the Mustang platform would be a great basis for a high-performance RWD "Mark IX" Lincoln, the Mitsuoka Galue conversion ought to be a cautionary tale. While it’s not as awful as a Zimmer, it does stand for the proposition that no Mustang should ever be fitted with a "pimpmobile" stand-up grille.

GM COULD BE IN HOT WATER WITH FTC OVER TRUTH IN ADVERTISING

Comment: Did "Dial Tone" Ed repay the bailout loans with TARP money? The truth may be more complicated than "Ed said" in his Texas twangy thirty-second spot. And it’s likely that Campbell-Ewald won’t be the ad agency to sort this emerging mess out

CARMAKER UNIONS MAY NEED MORE TAXPAYER MONEY
Within five years, they will have to pay $15.7 billion into the carmakers' union pensions to comply with federal funding requirements, ($12.3 billion to GM’s pensions, $3.4 billion to Chrysler’s plans), according to the GAO report.

Comment: Bankruptcy may have "pushed the ball" a little further down the court, but UAW VEBA obligations are still hanging around the necks of the Detroit automakers. Of course this is but a tiny fraction of the trillion-dollar "pension debt bomb" that faces the U.S.

TALLADEGA: NOT SO "PERFECT" FOR FORD

A NASCAR record 88 lead changes among 29 drivers. But when it came down to the checkered flag, no Fords were seriously contending for the win. NASCAR is STILL DEAD.

FORD INCREASES PARTNERSHIP WITH GRAND-AM

Ford is on a roll in Grand-Am, with two of the top three Daytona Prototype finishers at Virginia International Raceway powered by Ford! Hopefully contingency money and more promotional tie-ins will improve things both on and off-track.

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Wednesday, March 31, 2010

GETTING HAMMERED DEFENDING ECOBOOST & COYOTE

[Get the latest "Truth With Speedzzter" here]

Sometimes Truth With Speedzzter thinks that Ford Motor Company simply doesn't care about its reputation in the hot rod community. Even though Ford has some brilliantly innovative engines, the "word on the message boards" often remains anti-Ford.

Take for example this recent exchange regarding the EcoBoost V6 at Bangshift.com Even though the EcoBoost engine has huge apparent advantages over the antique Buick v6 of the 1980s, the average hot rodder apparently does not believe EcoBoost engines have more potential.

This is consistent with Ford's lagging reputation in the hot rodding and grassroots motorsports community. As one poster opined:

[W]hat it will NOT do, and what either does not concern Ford, or they figure they are so far behind on as to not compete, is find it's way into the garages and engine bays of the aftermarket and hot rod community. At this point, I think they've punted on that market.


As Zora Arkus-Duntov's famous 1953 memo accurately stated:

Like all people, hot rodders are attracted by novelty, However, bitter experience has taught them that new development is costly and long, and therefore they are extremely conservative. From my observation, it takes an advanced hot rodder some three years to stumble toward the successful development of a new design. . . . [B]ut to let things run their normal course . . . not too many hot rodders will pick Chevrolet for development.


Of course, history shows that GM took Zora's advice and dethroned Ford in hot rodding and most forms of grassroots motorsports.

With the modern high-tech engines (which are much harder for the grassroots to develop) and nearly a decade and a half wasted by insufficient factory aftermarket development and promotion of the Modular V8, Ford is facing a "Mount Everest" of skepticism and resistance to adoption of its EcoBoost, Boss 6.2 and Coyote engines by hot rodders. Moreover, rules bias against DOHC in NASCAR and other "stock-based" racing series also hampers "trickle-down" adoption of Ford's more advanced engine designs for repower and retrofit projects.

Truth With Speedzzter wonders if Ford Motor Company even monitors how its reputation is being damaged by the vocal skepticism of a majority of the hot rodding community. While it is fine to concentrate on Mustang as Ford's primary American grassroots motorsports vehicle, Can Ford just ignore the overwhelming pro-GM bias that has infected the important, opinion-leading segments represented by hot rodding and the aftermarket.

Clearly, Ford must do more to gain competitiveness. High horsepower demonstration projects with the Coyote and the EcoBoost engines in older vehicles would be a start. Emissions-legal crate engines, along the lines of GM's E-Rod would also spur a sea change in the "street/strip" scuttlebutt about Ford. For Ford to be successful in shifting public opinion, Ford engines need to be perceived as a superior alternative to GM's LS V8. Ford Performance Group and Ford Racing Performance Parts clearly have not done enough to get this message across.

But for now, a relatively few of us pro-Ford "shock troops" will continue to be overwhelmed by the anti-Ford tidal waves that saturate most venues where hot rodding ideas are exchanged.

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Monday, January 04, 2010

JAPAN & SOUTH KOREA: STILL VIRTUALLY CLOSED TO U.S. VEHICLES

[Get the latest "Truth With Speedzzter" here]

Truth With Speedzzter has long pointed out the predatory nature of Japan's domestic auto market. Japan's decades of unfair restraints on automotive imports combined with its predatory export/invasion practices are generally ignored by both the internationalist Council on Foreign Relations-types and most clueless "Consumer Distorts" appliance motorists.

With the U.S. reeling under 10.5% unemployment, monsterous trade deficits, the loss of a third of U.S. industrial jobs since the 1980s, and Detroit in tatters, the vast unfairness and stupidity of tolerating Japanese protectionism should be obvious.

For skeptics, Gary Hoffman, a correspondent with AOL Autos, fills in some of details in a brilliant column entitled "Why Don't We Sell More Cars In Japan?"

Hoffman writes,

While Korea and Japan no longer directly restrict U.S. imports, they do put up barriers to them, said Chris Vitale, president of a Michigan-based group, FairImage.org, which promotes open trade in the auto industry.

"For all intents and purposes, the Japanese market is closed to everyone," Vitale said. "No one gets a foothold." . . .

Vitale and other U.S. critics of Japan and Korea point to "barriers to entry" -- obstacles that may be more effective than tariffs and quotas. They include inspections, complicated distribution systems and taxation.


The result is a virtual shut-out for American producers in Japan and Korea.

Chevrolet sold one vehicle in Japan for every 1,300 Toyotas sold in the U.S.

Ford sold about 2,500 vehicles in Korea last year, compared to nearly 330,000 Hyundai and Kia vehicles imported to the U.S.


Those are shameful statistics. Every dealer, salesperson, advertising firm, transplant factory worker, race team, politician, and consumer collaborating with the Japanese (and now the protectionist Korean) invasion and occupation of the U.S. auto market ought to be made to answer for their support of a system that permits such an imbalance.

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Tuesday, December 01, 2009

GM ON THE FRITZ? HENDERSON'S OUT; MAXIMUM BOB TO GIVE L.A. AUTO SHOW ADDRESS

[Get the latest "Truth With Speedzzter" here]

Multiple sources are reporting that GM's CEO, life-long beancounter Fredrick "Fritz Henderson," has called it quits. [UPDATE-- REUTERS REPORTS FRITZ WAS CANNED!]

Fritz says that GM's not changing fast enough.

Speculation is that the collapse of the Penske-Saturn deal, the Konigsegg-Saab deal, and the GM Board's veto of the sale of Opal to Magna International may be behind GM lifer Fritz pulling the chute.

Of course it could be that other than the niche market Camaro, GM's having a tough time finding its way to profitability. Better to bail out than to go down with the ship? (See the latest sales and market share reports here)

"AT&T" Edward "Ed" Whitacre Jr. -- the Obama Administration's hand-picked "outsider" chairman of "Government Motors"-- is assuming CEO duties in the interim.

"Maximum Bob" Lutz will fill in for Fritz at the L.A. Auto Show. Bob should be far more entertaining that Fritz . . . .

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Thursday, August 06, 2009

NO CAMARO "FUNNYCAR" FOR NASCAR NATIONWIDE SERIES

[Get the latest "Truth With Speedzzter" here]

According to the Orlando Sentnel and Bangshift.com Chevrolet has told NASCAR that it will not submit its "iconic" Camaro for the horrendous "common-template" "FunnyCar of Tomorrow" treatment to race in the NASCAR Nationwide Series.

The New Bow-tie brigade doesn't want the already cartoonish Camaro to be further diluted and distorted into a "NASCAR" cartoon-car. "New GM" Racing's head honcho Mark Kent told the Orlando Sentnel's Steven Cole:

[W]e felt that by forcing the Camaro into the Nationwide templates that we were compromising the body lines of an iconic car. So at the end of the day we just could not get the Camaro in the Nationwide series to satisfy our requirements.


That's a laudable show of design integrity for "Government Motors."

[But does this mean that we'll never see a "Camaro" flopper in NHRA funny car competition?]

Too bad Ford didn't take the same stance in protecting the design integrity of its Mustang from the aesthetically-bankrupt butchers at NASCAR.

The hideous common-template "FunnyCar of Tomorrow" idea has destroyed what little was left of "Stock Car" racing.

Racing RWD "Pony Cars" in the Nationwide Series only really made sense if they were production-based.

However, sipping the COT Kool-Aid (tm), Mark Kent parroted the NASCAR talking point about "quest for very close competition" creating "the need to have templated bodies in that series." That's just wrong. It's amazing that production-based cars race competitively in series all over the world (even sometimes in the U.S.A.). And Mark Kent knows that. Perhaps he was just unwilling to acknowledge what millions of racing fans already know: that "the emperor has no clothes" when it comes to the weak justifications for NASCAR's spec-racer COT.

NASCAR lost the "groove" of what makes a stock car "stock" (and identifiable to the "Walter Mittys" in the stands) so long ago, it seems impossible for them to recover now.

Yet because of NASCAR's monopoly on racing venues through International Speedway Corporation (ISC), NASCAR's corporate sister, and the tight regulation of racing dates to non-ISC tracks, not to mention NASCAR's 800-lb gorilla dominance of the motorsports television market, it is virtually impossible to develop a viable competitor to NASCAR.

NASCAR's monopoly needs to be broken up under anti-trust laws and real production car racing returned to America's speedways.

Sadly, Chevrolet didn't completely tell "[t]he folks in the palace of pure thought down there in Daytona" to "step off." Instead, the GM Racing gang said they'd sticker-up their "NASCAR" with Impala decals.

They probably figure that few will object to faking up some FWD 'box into a cartoonish "COT."

However, Chevrolet's acquiescence to the COT concept merely delays the time when real, production-based stock car racing returns to America and the POX of the Common-template is eradicated.

But at least Chevrolet took an obvious "baby step" that Ford and Chrysler were seemingly too timid to take.

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"OH WHAT A FEELING:” TOYOTA, NOT FORD, WINNING CASH FOR CLUNKERS WELFARE FEST

[Get the latest Truth With Speedzzter here]

As the U.S. Senate prepares to waste $2,000,000,000.00 more in freshly printed money borrowed from Communist China on the boondoggle known as Cash for Clunkers, it appears that Japan’s Toyota is making out like a bandit.

Early reports that the Ford Focus was the number one selling welfare poster-child for the “War on V8s” may have been incorrect. Now Toyota’s Corolla is the most popular car of choice for selfish looters who think our grandchildren ought to spot them an unearned $4,500.00 for a new car.

Four of the top five boring “transportation appliances” being purchased with CARS welfare-bailout funds are models sold by Japanese invaders. Three of the top five are from the “Evil Empire” (Toyota). (That ought to make “Rowdy” Kyle Busch and the “NASCAR Nation” ecstatic).

Ford has slumped to third in sales, behind the New GM and Toyota.

Surely this isn’t what “bailout” voucher-monger William Clay Ford, Jr. had in mind when he vigorously campaigned for the CARS Act.

On the other hand, considering FoMoCo’s pitiful performance last Monday at Pocono (a Toyota “FunnyCar of Tomorrow” won and not a single common-template “Ford” made the top 10), perhaps “Win on Monday, make welfare-subsidized sales on Tuesday” is the new rule of not-very-stock car racing.

The impotent Senate Republicans apparently got rolled on re-upping “C4C.” Although any amendment of the House version would have killed this welfare-bailout program until after the August recess (because the House couldn’t schedule a vote), the apparently clueless GOP leadership couldn’t engineer a “poison pill” amendment.

Or more likely, the Senate GOPers didn’t really want to. Redistributionist “money for nothing” schemes like the CARS Act are supposed to be against the GOP creed. But auto dealers historically have overwhelmingly supported Republicans. And big business lobby groups, such as the National Automobile Dealers Association and the Association of Automobile Manufacturers most certainly have been lobbying hard for TWO THOUSAND MILLION DOLLARS more bailout “cash on-the-hood.”

So the defanged Senate Republicans seemingly raised token opposition. A filibuster apparently wasn’t even threatened. Nor did they try for a deal with left-wing Democrats to reduce eligibility or increase the spread between the “clunker” m.p.g. and the replacement “appliance” m.p.g. Nor did they revisit the issue of whether a majority of the borrowed bailout money should be going offshore to Asian and European automakers. Any of these amendments would have stopped the bleeding of the treasury and put the brakes on "C4C."

Instead, the Senate GOP went through the motions and caved into the “reality” that the “votes were there” to balloon the deficit even further by funding more sodium silicate “murders” of potentially collectable V8-powered vehicles from the 1980s and 1990s. (The toothless GOP similarly caved on the nomination of uber-liberal activist Justice Sotomayor to the U.S. Supreme Court)

Cash for clunkers has taken another step toward becoming another permanent middle-class entitlement program. The not-so-free market has taken another broadside. The longer the "C4C" virus hangs around, the worse its corrosive effects will become.

An additional FIVE HUNDRED THOUSAND vintage vehicles will be vandalized and crushed as a result of the funding. Some estimate this could inflate used car prices in the sub-$4,500.00 strata by $300.00 to $800.00 per vehicle. On models hardest hit by “C4C,” future price increases may be even higher.

Moreover, borrowing money to “invest” in depreciating assets like imported automobiles – that sounds almost like the sort of “hedge fund” shenanigans that helped trigger the financial crisis in the first place. It's hardly an engine for creation of stable, long-term jobs. It's more like a "crack cocaine" stimulus (a quick "hit" followed by an inevitable hard crash and a craving for another "fix")

But what’s worse, is the entitlement mentality that is reinforced by these welfare vouchers. The current giveaway is merely priming the pump for the greeniac’s dream “C4C” program, which would not have as many limits and would imperil many more collector and donor vehicles. And "C4C" is likely the new "rebate:" a corrosive pricing gimmick that never really goes away once the door is opened to it.

And for all of this, we’ll spend a net $20,000.00 per additional vehicle sold, cannibalize future sales from a time when GM, Ford and Chrysler might have been better positioned to compete, stick our kids with billions in new debt, kickstart inflation in some sectors of the automobile markets, further drive down our abysmal savings rate, further populate our highways with more soulless FWD Japanese invader “appliances” (as we simultaneously loot and shred our recent automotive heritage), and teach yet another generation that welfare vouchers and federal handouts are the answer.

To borrow from an old “Evil Empire” advertising slogan – Oh, What a [Wonderful] Feeling.

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Thursday, July 30, 2009

FORD POPULARITY SOARS BECAUSE OF THE BAILOUTS (BUT SHOULD IT?)

[Get the latest "Truth With Speedzzter" here]

According to Rassmusen Reports "46% of Americans now saying they are more likely to buy a car from Ford because it did not take government money to stay in business."

Rassmusen also found that "nearly one-out-of-five Americans (19%) say someone in their family or a friend has chosen not to buy a car from GM or Chrysler because they took bailout money."

This is good news for FoMoCo's stakeholders and long-suffering Ford fans. Ford's stock is up a whopping TWO HUNDRED TWENTY-FOUR PERCENT over its lowest price of the year. Ford posted posted a profit in the last quarter (albeit based on accounting "special items. "Excluding special items, Ford would have posted a loss of $424 million, or 21 cents per share."). And several analysts believe that Ford's product line-up is one of the freshest around.

BUT . . .

Much of this optimistic news is spoiled by Ford's endless shilling about "recycling your ride" into the V8-smashing "Cash for Clunkers" program.

"Cash for clunkers is a bailout by any other name."

It's "terrible energy policy."

It "incentivizes Americans to take on more debt."

Cash for clunkers is still welfare.

It's laundered bailout money. It's another abandonment of free market principles. It's still borrowing money we don't have to redistribute it to people who haven't earned it. It's still the pillaging and vandalism of thousands of potential collector and parts vehicles built after 1984. It's still a war on V8s and against grassroots motorsports (which depend on the sorts of "clunkers" that Welfare/Beer Bust King Obama, the environmentalists and the greedy public dole sucklings are destroying).

Ford vigorously campaigned for the CARS legislation, so they ARE benefitting from "bailout" money (i.e. Dealers get the CARS welfare vouchers they then spend to help buy the vehicles from Ford -- only the most myopic can't see that this is "bailout" cash to Ford)


Apparently the myopic ones were interviewed by Rassmussen . . . .

AND IT'S ALREADY OUT OF MONEY! (Apparently there's no shortage of welfare lovers in America . . . .)

AUTOEXTREMIST: HONDA INVADES FORMULA FORD?

The Autoextremist is reporting that Honda's push in grassroots motorsports will take a decidedly anti-Ford direction.

Part of this is supposedly targeted at taking on Ford in SCCA's Formula Ford. The Big H claims its going to sell racers a built "Fit" mill and a conversion package, starting in 2010 (pending club approval, of course).">Part of this is supposedly targeted at taking on Ford in SCCA's Formula Ford. The Big H claims its going to sell racers a built "Fit" mill and a conversion package, starting in 2010 (pending club approval, of course).

Supposedly Ford Racing honcho Brian Wolfe says that Ford won't take Honda's "invasion" lying down. (Ford's Walter Hayes invented "Formula Ford" so there's some corporate pride on the line. (Hopefully more than when Ford wimped out on Cosworth, Formula One and Indy Cars))

Maybe Wolfe could just show Honda a photo of the homely 2010 NASCAR NATIONWIDE SERIES MUSTANG and probably scare 'em back to Japan . . . .


MORE BANGSHIFT COMMENTS ON THE "MOTORSPORTS PARK" IDEA AND THE PROBLEM OF NOT ENOUGH LOCAL RACE TRACKS

Yesterday's discussion of the problem of not enough convenient venues for grassroots motorsports prompted further discussion at Bangshift:
TWS's next take: (in response to support for the denial of a public drag racing facility in Forks, Washington)

I think some are missing the big picture here.

* * *
What it's really about is whether hot rodders, racers and other responsible citizens are going to settle for a sparse number of big, private, expensive regional motorsports venues, or whether more smaller, local venues ought to be available.

Clearly the trend over the past three decades has been toward fewer and fewer local tracks and more ostentatious regional tracks. Some states barely have one or two drag strips and/or road courses left. Dirt ovals are perhaps a little more common, but paved ovals outside of NASCAR's orbit are in decline.

It's no answer to the problem of street racing to say "just load your car up in a hauler and drive a couple of hours to sit in long lines at a regional NHRA track, in hopes of making a couple of passes." Moreover, the harder we make it for younger tuners and rodders to get involved in all forms of motorsports, the fewer people will bother to become involved.

In the early '50s, the appliance motorists and "safety counsels" wanted to shut down all hot rodding. But some visionary pioneers started working with the locals to build small, local, non-profit facilities. But for the efforts of these "out-of-the-box" thinkers, our automotive culture would have developed far differently. Creating local facilities was the right thing to do then. And it's the right thing to do now.

Certainly, times have changed in sixty years. Motorsports is more diverse. Environmentalism is a concern. And safety is paramount. But for local officials and racers to settle for the occassional private facility and to put up roadblocks to smaller, more convenient, less formal, public service motorsports venues is counterproductive.

Every town and city over about 15,000-20,000 residents ought to have a legal place to test, tune and race that's no more than thirty minutes away. (I can just about guarantee you that virtually every city that size has one or more golf courses, many of which are managed and funded by local governments) These multipurpose facilities could also be justified to the non-gearhead taxpayers as "driver training" parks for use by law enforcement and new drivers. For example just imagine how many accidents could be avoided and lives saved if more new drivers could be locally trained in car control on a dedicated wet skid pad and on a handling (autocross) course. Such facilities could also include various other "test" areas, including mostly self-service drag strips, a banked track and a road course. Such facilities could also include motocross and 4WD/ATV trails/test areas.

To do any of this, we've got to expand our vision as to what a modern, local motorsports facility ought to be and how it ought to be managed and paid for at the local level.

Of course, Forks isn't that big, so perhaps smaller rural areas would have to scale down their motorsports parks. But to say to all of the gearheads and potential gearheads "Sorry, you can't use the airport anymore, there's a big track 100 miles away, and we don't think the "car culture" is important enough to provide a safe, legal place to test, tune, and race" just doesn't cut it. It's irresponsible. If we took this same approach to building highways, vast sections of America would still be served by unpaved, minimally improved roads. If we took this same approach to parks, trails, and lakes, many areas wouldn't have them.

Of course, the irony is that airports are often heavily subsidized by government in the name of safety. Yet general aviation has only a fraction of the participants and potential participants of motorsports. However, aviators have done a much better job in lobbying for public investment in local public facilities for their avocation.


TWS's next take: (Response to Bangshifter and Friend-of-Freiburger Brian Lohnes point that public funding would be a huge problem in most locales)

Brian,

You're absolutely correct that funding is the proverbial "elephant in the room." It's a bigger problem than even environmental impacts.

Nearly every state and local government is cash-strapped. Lots of things more essential than parks and recreation are being slashed.

And that's part of the reason hot rodders and racers need to "sell" the motorsports park concept on the basis of safety, driver training, and multiple uses. And multiple levels of government and the private sector ought to be involved.

Most certainly, some places would need to start smaller, such as temporarily closing off an underused public street or parking lot on the weekend (e.g. San Diego's "Race Legal" program) or by adding some "test and tune" amentites to fairgrounds or other public facilities. Some of these things could be done in many locales without huge tax increases.

But when we read of the struggles of the Brotherhood of Street Racers and Terminal Island out in L.A. or hear of another historic track folding to zoning, environmental, and "land use" pressures, it seems that we're not making any progress.

What's troubling is that someone like Cameron Argetsinger couldn't even get a hearing nowadays from most local officials. Certainly Argetsinger's original Watkins Glen plan of the late ''40s and '50s wasn't up to modern safety standards, but the idea of public facilitation of safe, legal motorsports activities at the heart of it should still be viable.


TWS's next take:

Quote from: Buickguy on Today at 07:36:22 AM

"So what? the city decided they can't afford it. I decided I can't afford a ZR1 Corvette, does that mean I'm entitled to it because I want it?
There's a bit of a problem with the greenie belief - you might want to see who owns Spokane Motorsports Park..... last I checked, Spokane is in Washington."



It's not a matter of entitlement. Is anyone "entitled" to a public lake stocked with fish? Or the services of game wardens who scientifically manage the population of animals for sport hunting? Or a lighted landing strip at a non-commercial municipal airport? Or a tee time at a municipal golf course. Or swimming at a municipal pool (most of which are subsidized)?

At its most basic level, government is about protecting our liberty and enabling the sorts of projects that are too big and difficult for the private sector. That's why functions such as building roads, public recreation areas, and schools are generally believed to be legitimate functions of government. Many of those functions are not self-supporting (How many of you paid a toll to drive on a city street today?)

We should have the liberty to build and enjoy hot rods and engage in other motorsports if we so choose. That's part of that "pursuit of happiness" idea. But if there's no safe and legal place to do it, our theoretical liberty is meaningless.

Thus, the language of "entitlement" clearly isn't applicable. But that doesn't mean that hot rodders and racers shouldn't promote the development of "solutions" that improve safety and promote greater exercises of liberty. That's going to be a tough sell to those knownothing politicians who believe that "speed kills."

It's a false dichotomy to suggest that the only choices facing most municipalities are: (a) no tolerance and virtual criminalization of motorsports or (b) spend huge sums on national-quality motorsports facilities. It's akin to saying either a city can build either dirt trails or ten-lane interstate highways and nothing else. The starting point for the dialogue ought to be how can the local and state governments work together with all the stakeholders to improve safety and maximize liberty.

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Wednesday, June 10, 2009

"BIG ED" WHITACRE "DON'T KNOW ANYTHING ABOUT CARS"

[Get the latest "Truth With Speedzzter" here]

On a surreal spring day when a President that was first boosted by the infamous "Chicago Machine," crushed his opponents, shredded the Constitution, and rammed through the transfer of Chrysler to an Italian conglomerate (sometimes known as "Fix It Again Tony") and the U.A.W.'s Voluntary Employee Benefits Association, the proposed chairman of the Obama Administration's other automotive ward, "Government Motors," proudly announced "I don’t know anything about cars.”

Perhaps that made him overqualified for Obama's Car Czar Central Committee of appliance motorists and bus riders.

Of course GM has already tried the "know-nothing-but-it's-just-a-business" approach in 1992-1995 with "Toothpaste King" John Smale. The results were unmitigated disaster.

But among the arrogant looter class of which President Obama was a proud "community organizer," chairing the GM board apparently doesn't require knowing the difference between a Corvette and a Chevette. It certainly does not require any demonstrated comptence or vision in the automotive field or any background in designing, engineering, manufacturing, or selling motor cars.

Perhaps we're lucky that Joe Biden didn't get the job. Of course Gaffe-mouth Joe owns a Corvette, so he's probably overqualified.

All "Big Ed" really needs to know is that Obama, Rahm Emanuel, the greeniacs, and the EPA are "large and in charge." And all "Big Ed" really has to understand is that "the mission" is to build enough tiny, electro-magic fuel sippers (that the market really doesn't want) to pay off the U.A.W. and ensure Obama's reelection.

In other words, it's the "What a Wonderful World" view of management:

Don't know much about history
Don't know much biology
Don't know much about a science book
Don't know much about the french I took

But I do know that I love you
And I know that if you love me too
What a wonderful world this would be

[With apologies to Sam Cooke]

Whether the automotive community will really "love Big Ed" remains to be seen. But it is consistent with the entire Inside-the-Beltway approach to the auto business to put someone in charge that hasn't even proven he can change a tire on his own.

Whitacre might be good news for fans of GM's participation in NASCAR, though. Although some have suggested that the Obama Administration will force GM and Chrysler out of NASCAR at the end of 2009, Whitacre's AT&T, nee SBC Communications, nee Southwestern Bell Telephone Co. saw the value of NASCAR racing. Perhaps "Big Ed" was paying attention at the meetings discussing the NASCAR sponsorship. Whitacre is also an Exxon-Mobil board member, which is another company that has dabbled from time to time in motorsports sponsorships.

And NASCAR's BRIAN FRANCE arguably "don't know much" about running a sanctioning body, so that gives him something in common with "Big Ed."

Still, helming the GM board is a poor place to serve an apprenticeship in the auto business. Of course, most of us also thought that the White House was ill-suited for on-the-job training prior to the emergence of the mulatto reprise of "Camelot."

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Tuesday, June 09, 2009

WHITACRE: PHONING IT IN AT GM?

[Get the latest "Truth With Speedzzter" here]

According to the Automotive News:

Edward Whitacre Jr., former chairman and CEO of telecommunications giant AT&T Inc., today was selected to become chairman of the new General Motors when the automaker emerges from bankruptcy
.

Apparently in Obama-land, running "Government Motors" isn't really any different from being the head honcho of Ma Bell.

The son of a railroad engineer, Whitacre grew up trapping frogs and shooting rabbits with his shotgun in the fields of Ennis, Tex., a small railroad town about 40 miles south of Dallas. In high school, he played first base on the baseball team and defensive end on the football squad.


"Big Ed" drove "an old Ford" to college at Texas Tech and spent four decades with the telephone company. Reportedly he drove a Cadillac before he chuted out of AT&T with a whopping $158.5 Million retirement nestegg.

That ought to make him an expert on automobiles . . . .

To further stir the "Government Motors" political intrigue, someone named "Edward Whitacre" in San Antonio has allegedly contributed to Obama Chief Attack Dog/Chief of Staff Rahm Emanuel, Vice President Hillary Clinton, and Democrat Senator Mark Pryor.

Politics aside, the Whitacre pick recalls Jim Wangers' recent commentary on the death of Pontiac published in Pontiac Enthusiast magazine. Instead of the "bad decision" approach taken by Truth With Speedzzter, Wangers "named names" in a "wrong person" approach. His thesis was basically that GM had saddled Pontiac with a Chernyenko-like succession of clueless leaders. The last couple of savants in charge of PMD, according to Wangers, were exactly the sorts of non-automotive "brand managers" favored by some Wall Street/generic consumer product marketing types. They, of course, didn't really understand what Pontiac was and helped drive GM into the ground.

Is Whitacre another train wreck? Does he make even the "appliance motorists" on the Obama Car Czar Central Committee look like a group of Henry Fords?

Stay tuned.

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Wednesday, June 03, 2009

WHAT KILLED PONTIAC--A COUNTERPOINT TO JIM BRENNAN

[Get the latest "Truth With Speedzzter" here]

Bangshift.com has pointed its readers to an Automotive Traveler e-zine story entitled "Recently Deceased: The Top 10 Reasons Why Pontiac Failed", by Jim Brennan.

Brennan's analysis is solid and should be read. However, it tends to overfocus on more more recent and superficial mistakes instead of hitting many of the core structural problems that doomed Pontiac.

Here's Truth With Speedzzter's alternative hypothesis:

10. GM Politics -- Protect the Corvette. Delorean, Estes, Knudsen and Co were often "shut down" in their attempts to remake Pontiac into GM's performance division by the politics of protecting the 'Vette. The original Bonneville was a two seater. So was the Banshee. Only the Corvette could have multiple carbs after '66, killing the legendary GTO "Tri-Power" system. The Fiero was hamstrung with weak engines out of fear that a high performance model would hurt the 'Vette.

9. Performance Malaise -- After the insurance companies and the government killed Pontiac's 1960s business model, Pontiac floundered in coping with the new, low-performance reality of the 1970s. Instead of building smaller, lighter high-performance cars, GM forced Pontiac into building some of its most overweight and underperforming cars (which were badge engineered as Mr. Berman observes) since the flathead Straight 8 days. These cars haunted Pontiac's brand image for decades.

8. Design Malaise -- Co-extensive with PMD's performance malaise was the stagnation in design that gripped Pontiac. Corporate downsizing lead to a series of boxy models that looked like the shipping crates for the swoopy Pontiacs of the 1960s. Moreover, Pontiac stayed too long with the Colonnade/neo-classic styling initially championed by the '70s Grand Prixs (before they were disasterously replaced by the horrible, FWD GM10s)

7. Leaving NASCAR -- Every GM division that has left NASCAR racing, save Buick has ended up dead. Coincidence?

6. The GM Racing Ban -- The real death of Pontiac started in February 1963 when the GM board killed Pontiac's Super Duty aspirations in the infamous racing ban. The ban sent folks like Mickey Thompson and David Pearson into the arms of rivals. The ban dried up most high performance development of the Pontiac V8. The ban left Pontiac coasting on the inertia of the Super Duty era throughout the entire lifespan of the original GTO, up to the point where it became the fat, bloated, "old Elvis" cartoon of itself featured in "Two-Lane Blacktop." Pontiac's forced withdrawal from racing made the brand flabby. When it returned in the 1980s, its race cars were too far removed from anything it offered to the general public.

5. Three decades without a GTO -- Nowhere is GM's mismanagement of Pontiac more salient than the decades spent without a GTO. When the going got tough in 1974, GM politics and Pontiac's failure to adapt killed the Goat. And even as Buick was making headlines with the turbocharged Grand National/Type T Regal, Pontiac soldiered on with the freakish 150 h.p. Chevy-powered Pontiac 2+2 (a car which rivals the Aztek for ungainly styling). However, the idea of a practical, good handling, exciting-to-drive muscle car has never lost currency. The 2004-2006 GTO was simply too little, too late.

4. The slow death of the Firebird -- The Firebird was a good idea. But GM simply didn't keep it current enough. Each generation hung on too long. The innovative OHC 6 was killed not long before it would have been a huge help to PMD during the gas-crisis '70s. Each generation after the first was or became too heavy and inefficient. The quality of the latter generations was horrible. The 301 Turbo Trans Am was shockingly underdeveloped and killed off before it could be refined into a Grand National-killing supercar. The CAFE "two fleets" rule forced GM to build the F-Bodies in Canada, alienating some U.S. customers. By 2002, the Firebird simply was too impractical and dated. As others (namely Ford, Chrysler, Chevrolet, Hyundai) have proven, the Pony Car concept remains viable, but Pontiac simply forgot how to build them.

3. Front wheel drive -- GM's insistence on Wrong Wheel Drive in its sedans and coupes was anathema to Pontiac's sporting pretensions. While the Bonneville, Grand Prix and others soldiered on for decades with archaic two-valve pushrod sixes and hamstrung with FWD, they were not attractive for brand-building grassroots motorsports activities. While PMD attempted to offer sporty FWDs with the 6000 STE and various Sunbird/Sunfires, Pontiac had nothing competitive for the emerging sport compact and sports sedan niches until it was way too late.

2. The Iron Duke -- Possibly the most antediluvian engine of its time, the wheezing pushrod, two-valve Iron Duke four was the antithesis of Pontiac's performance image. It is emblematic of GM's short-sighted, penny-pinching ways. It was the boat anchor that held down Fiero. It regularly burst into flames in Fieros as well. It's lack of attractiveness and weak bottom end drove scores of sport compact tuners to higher tech Japanese cars, depriving Pontiac of another generation of customers.

1. Death of the real Pontiac V8 -- The modern soul of Pontiac was cut out in 1981 when GM forced Pontiac to use Chevrolet engines. Brand loyalty plummeted. The one thing that made sporting Pontiacs unique was lost forever. Everything that happened after that point was simply rearranging the chairs on the Titanic.

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Tuesday, June 02, 2009

SETBACKS FOR THE JAPANESE INVADERS

[Get the latest “Truth With Speedzzter” here]

The May 2009 sales reports show that Ford Motor Company suffered less sales erosion by percentage than any other major auto company in the U.S. market. Although Ford’s sales were off by a reported 24.2 percent compared to May 2008, it actually gained market share.

Meanwhile the leading Japanese invaders cratered. The “Evil Empire” (Toyota) was down a whopping 40.7 percent and was in third place behind GM and Ford in the U.S. market. Honda also tanked, losing a massive 41.5 percent of sales as compared to last May. Nissan was also down by 33.1 percent.

Are Americans starting to figure out that buying Japanese instead of a Detroit 3 product creates huge net losses for our economy?

Are more buyers realizing that it’s simply bad form to turn their backs on American industry at time of grave economic crisis?

Are Americans starting to fight back in a small way against globalization?

Is the message starting to sink in that buying a Detroit 3 product supports more quality OEM jobs than purchasing a foreign vehicle that's merely assembled (often mostly by robots) in a low-wage “invader” plant?

Are Americans finally starting to rally to defend our auto industry from the predatory Japanese takeover?

Are Americans finally starting to discover that Ford quality is competitive with Japan’s government-protected and subsidized automakers?

Or is it something else at work, such as inferior demographics. Most certainly, the credit crisis has damaged the ability of young, sub-prime borrowers to finance new vehicles. Undoubtedly, the customer mix of the Japanese invaders has always trended younger and is most likely less creditworthy. Thus, it seems possible that the Japanese invaders would suffer disproportionately more in a broad market sales downturn.

Or could it be that the Korean attack at the margins is starting to slash the Japanese invaders in entry-level and youth market segments?

It’s hard to get too excited about one month’s sales data. Moreover, FoMoCo is still shrinking, albeit not as fast as everyone else.

Most certainly, Team Japan will engage in brutal “kamikaze” marketing incentives and smashmouth tactics to fight any erosion in their market share. And millions upon millions of short-sighted Americans still fail to realize the danger of Japan’s predatory automotive policies and the unsustainability of our trade deficits. They selfishly ingest the “appliance motorist” myths about Asian imports and cling to dated stereotypes about American vehicles. They give no concern about the greater effects that their vehicle purchases have on sustaining the American economy.

Still, the May 2009 sales figures inspire some hope for supporters of real American vehicles in general and Ford in particular.

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Wednesday, May 27, 2009

FORD POISED TO BUILD MORE VEHICLES IN AMERICA THAN ANYONE ELSE

[Get the latest "Truth With Speedzzter" here]

Now that "Government Motors," nee General Motors has run out of options and is virtually guaranteed to file Chapter 11 bankruptcy on or before June 1, and Chrysler's unconstitutional, Government-sponsored, cherry-picking buyout by FIAT may blow up "on the launch pad," Ford Motor Company is poised to be the last American automaker standing.

But even if GM and OBAMAFIATCHRYSLER somehow make it out of the bankruptcy litigation thicket, Ford is poised to assume the honor of building more vehicles in America than anyone else.

Ford . . . will rank first in 2009 with 1.9 million units, according to data from forecasting group IHS Global Insight, which released its North American light-vehicle production forecast this month.

GM . . . is idling most of its plants over the next couple of months and will produce an estimated 1.7 million vehicles this year.


What about Honda and Toyota? PLEASE! They'll still be behind Chrysler (which is in the midst of a total production shut-down during its bankruptcy) when the 2009 counting is done. And the domestic content of Honda and Toyota still lags far behind Ford.

[A]mong the most popular U.S.-built cars and trucks, the models with the highest domestic content ratings come from Detroit automakers. Of the 35 most popular U.S.-built 2008 and 2009 models — based on sales through May 31, 2008 — 43 percent of GM, Ford and Chrysler contenders had domestic content ratings of 75 percent or higher. In comparison, just 25 percent of the Nissan, Honda, Hyundai and Toyota models on the list achieved that.


Ford is quietly emerging out of the Obamanomics chaos as the only true AMERICAN CHOICE.

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Tuesday, May 12, 2009

WILL FORD BE CRUSHED UNDER THE "OBAMA-UAW MOTORS" STEAMROLLER?

[Get the latest "Truth With Speedzzter" here]

Tom Lindmark at Seeking Alpha apparently thinks so:

Mullaly has to look down the road and see a GM and Chrysler waiting for him largely relieved of debt service and owned by an amalgamation of the same union with which he must negotiate and the federal government. Two parties with something to prove and limitless resources with which to prove it.

Make no mistake, the government will not allow GM to fall on its face. For better or worse the Obama administration has over-committed to the rescue of the industry and cannot produce less than its survival. Chrysler is and always will be an afterthought — if push comes to shove it can be folded into GM — but GM will succeed no matter the cost.


He goes on to conclude that Alan Mulally may end up nothing more than a "footnote."

While Ford's future success under "Mulallyism" is hardly assured, Lindmark probably places too much faith in the "limitless resources" of the Obama Administration and the U.A.W. "Government Motors" will not only be saddled with the taint of public ownership, it will also probably become a hidebound captive of bureaucracy. Instead of the freedom to pursue the not-so-free market, "Obama-UAW Motors" may be chasing after all sorts of politically-correct, imagined "markets."

Certainly, the U.A.W. will bargain for as big a slice of the pie as they can force under prevailing conditions. Nothing suggests that "Government Motors" will get much of a break.

Moreover, the "limitless resources" are actually limited by a host of partisan political concerns.

Ford does have cause for concern anytime they're faced with a publically-subsidized competitor. And Ford has a well-documented history of blowing big leads, offending potential customers, and snatching defeat from the jaws of victory. Ford should also be very concerned about GM and Chrysler's debt-stripping in bankruptcy.

But there's not one place on earth where "Socialist Motors" has beaten private competitors over the long run.

We shouldn't expect it this time either.

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Thursday, April 30, 2009

FINALLY, CHAPTER 11 FOR CHRYSLER, L.L.C.

[Get the latest "Truth With Speedzzter" here]

The wait for the inevitable Chrysler bankruptcy is now over

The objective of this "controlled" bankruptcy is to cane recalcitrant debt holders into accepting roughtly 29 cents on the Dollar for their debt, dump environmental liabilities that Fix It Again Tony (FIAT) does not want, and to quickly (and cheaply) reject hundreds of "excess" dealer franchise agreements outside restrictions of state franchising laws.

Debtor-in-possession financing will apparently be by your tax-paying grandchildren and great-grandchildren, courtesy of Chinese and other foreign loans, as "lanudered" through the Obama Administration. Thus, it's a potent coctail of bankruptcy AND bailout! For the Government's largess, they will snag an equity stake in the "new, new" FIAT-Chrysler or whatever the surviving company is called.

(State ownership was SUCH a success for the British motor industry years ago . . . (not really))

It's probably also a test case to see if consumers really won't buy vehicles from a company in bankruptcy. If they will, look for the "controlled" bankruptcy of General Motors (although Detroit News Columnist Daniel Howes disagrees).

For its part, Ford Motor Company is keeping an optimistic outlook, believing that Chrysler's "controlled" (government funded) bankruptcy won't lead to the collapse of suppliers or Chrysler's obtaining a huge cost advantage on labor or supplier inputs.

Whether the Glass House optimism is warranted remains to be seen. However, they're probably banking on gaining loads of marketshare from the bankrupt Chrysler at least in the short term.

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Tuesday, April 28, 2009

ALAS POOR PONTIAC, WE KNEW THEE WELL

[Get the latest Truth With Speedzzter here]

In General Motors’ rush to placate the appliance motoring braniacs who compose Obama’s Car Czar Central Committee and avoid bankruptcy, Pontiac was offered up in sacrifice.

Pontiac, the “pirate” division of GM.

Pontiac, the builder of “driving excitement.”

Pontiac, the progenitor of the first truly popular, mass market 1960s “muscle car.”

Pontiac, the audacious one whose clued-in managers of times past once named beautiful, pavement-shredding brutes after the world’s most famous racing series, venues and automobiles – Grand Prix, Trans Am, LeMans, Bonneville, Gran Turismo Omologoto, SJ . . .

Pontiac, the youthful one who for a time defied the stodgy GM Board and the American Automobile Manufacturers Association ban on the promotion of power, speed, and racing.

Pontiac, the one who peppered the language of hot rodders with evocative phrases like “Ram Air,” and “Super Duty,” and "Wide Track" and “Hurst,” and "Rally Wheel" and "Tri-Power" and “turbo.”

Pontiac, the Detroit company who built and sold more “shaker” hood scoops than all the rest combined.

Pontiac, the division who refused to cave into the malaise of the 1970s gas crunch and who kept building 400+ cubic inch supercars (albeit less “super”) when everyone else was playing with small blocks.

That Pontiac -- who although 83 years old, did not really come of age until Semon “Bunkie” Knudsen decided in the mid 1950s to abandon the brand’s prosaic flathead past and seize a high performance, youth-driven, overhead valve V8 future – has actually been dead for a long time.

GM politics, government interference, and mindless bean counting had already killed it. Bean counter Fritz Henderson merely recognized what his predecessors had already accomplished.

Pontiac’s mortal wounds began decades before its sales peak in 1978.

GM politics for decades deprived Pontiac of a true sports car in order to shield Corvette from intramural competition.

GM politics killed Pontiac’s dominating motorsports program in the early 1960s.

GM bean counters slaughtered the Super Duty parts program.

Without racing, Pontiac coasted through the halcyon 1960s on the inertia of its thin competition heritage and on the smoke and mirrors of savvy ad men such as Jim Wangers.

While production GTOs, Judges, Sprints, Firebirds, Formulas, Trans Ams, Grand Prixs, and 2+2 were seldom the dominant performance vehicles in their respective classes in actual competition or on the street, Pontiac’s advertising and styling departments kept them at the forefront.

The irony is that while Ford was actually winning races and championships in the 1960s, Pontiac was the brand that was “takin’ it to the streets.”

Its reputation was so solid that Pontiac could credibly run an ad with a photo of a GTO in front of a Woodward Avenue street sign. Everyone who mattered knew what it meant. GM’s Board made them stop using it.

In the early 1970s, the government and the insurance industry, however, succeeded in squelching Pontiac’s party better than GM’s Board and bean counters ever could.

Yet Pontiac reintroduced the Super Duty V8 for a time – perhaps as one last jab in the face of those who cannot stand high performance excellence in the marketplace.

In the 1970s, however, Pontiac often seemed like that fat, old Elvis of the postage stamps. Lots of swagger, but lacking the athleticism of youth. GM’s bean counters forced Pontiac more and more into “corporate” molds. The Firebird was allowed to age not so gracefully.

Even so, the antique second-generation Trans Am was the “poster car” of 1970s rebellion, staring in the quintessential anti-establishment automobile film of its time: 1977's “Smokey and the Bandit.”

The message was simple. The insurance companies can take our money with unreasonable surcharges. The oppressive central government can force us to live with engine strangling regulations, fuel economy standards, and other market interference. The Arabs can jack up oil prices with embargos. The Congress can cut the national speed limit to 55 m.p.h. The greedy land grabbers and zoning police can close our drag strips and race tracks. The "suits," lawyers, and bean counters can try to kill all our fun. But as long as there’s a rumbling, snarling big block V8 in a bespoilered, black and gold, T-Top Pontiac thundering on a stretch of country blacktop, they can never take our freedom!

That next year was the best sales year in Pontiac history.

The real last stand of the “true” Pontiac was during the Iranian hostage crisis. Stripped of its proprietary 400 cubic inch engine, in 1980 Pontiac equipped its huge, holdover F-Body relic with an optional, downsized, turbocharged 301 V8. The turbo engine was underdeveloped and not very impressive. Yet it was still "all Pontiac" in the hearts of the brand’s faithful. It was more genuine than the Oldsmobile 403s and Buick V6s that had defiled some Pontiacs in the past couple of years.

California emission regulations meant that some received their ancient Trans Ams and Firebirds with 305 Chevrolet engines. By the 1982 season, the “real” Pontiac V8 was gone. Replaced at the behest of bean counter efficiencies by “corporate” Chevrolet power.

The heart and soul of Pontiac was gone. The raison ‘d’etre for the brand was history. In some quarters, the death watch began.

Although Canadian Pontiacs had long used Chevrolet power due to a quirk in Canada's protectionist auto rules, Chevrolet V8s in U.S. Pontiacs were the final blow for all of those who’d lived and fought the Chevy-Pontiac rivalry on the streets in the ‘50s, ‘60s and ‘70s.

The corpse of Pontiac struggled for identity in the 1980s. In essence, it was a zombie.

Its brilliant Fiero was compromised by its horrible choice of engines and a penchant for bursting into flames. GM’s protectiveness of Corvette and its parsimony, however, were probably most responsible for its failure.

Pontiac’s sporty cars became little more than upscale Chevrolets festooned with ever more bizarre plastic body kits, gewgaws, and unreliable gadgets.

Pontiac never hit the combination in the emerging sport compact market, again hamstrung by what the bean counters allowed to be installed under the hood and the lack of factory performance development.

Pontiac's half-hearted attempts to become some sort of "American BMW," with cars like the forgotten 6000 STE were still-born as a result of GM's corporate-enforced uniformity and affection with "badge engineering."

While Pontiac arguably had the most successful of GM's badge engineered '80s compacts -- the N-Body Grand Am -- its FWD performance and image were more exciting among secretaries and rental car purchasing agents than among the potential next generation of Pontiac fanatics.

It was hard to believe that the same company which had once defied corporate oversight to cram a triple-carbureted 389-cube V8 into a mid-sized Tempest and audaciously name the creation after a top-of-the-line Ferrari racer could sell a sled as bland and forgettable as the Grand Am.

As Mustang sales dominated the Second Supercar Era, Pontiac's languished.

Pontiac’s reentry into NASCAR and other motorsports was powered by Chevrolet. Its NASCAR ambitions did not tie into the bland, low performance FWD cars sold in the showroom. And most of its competition intentions were ultimately sacrificed for the good of Chevrolet.

Near the end, Pontiac motorsports was consigned to the low profile ghettos of NHRA drag racing and Grand Am sports car racing. However, no one was fooled. The Chevrolet powered “Pontiacs” were wholly unrelated to anything for sale to the general public.

This time, smoke and mirrors weren’t going to be enough.

Pontiac’s alleged “resurgence” in this decade was principally through rebadging Australian-built, Chevrolet powered Holdens and in the Miata-fighting, corporate-powered Solstice sports car.

It was too little, too late.

Sadly, the introduction to Pontiac for millions was through a hideous Aztec, a dust-buster Trans Sport minivan, or a plastic-clad, FWD Grand Am rental/"program car." The alphanumeric Pontiacs of the last few seasons hardly register a blip on the popular consciousness.

Thus, the torred conflagration that began back when Bunkie Knudsen removed the “old man’s” “Stratostreaks” his father had symbolically placed on all Pontiacs during the Great Depression has now been completely extinguished in GM’s great depression.

“Government” Motors has no place for toothless octogenarian "pirates," badge engineering, and fading dreams about muscle cars.

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WHAT IS THE BIG CUBIC-INCH TURBO BLOG? It is a real-time on-line book about the theory and practice of turbocharging B-I-G CUBE V8 Engines.

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