Episode 30 – Big Three Hybrid Caravan, Obama Favors Bailout Now, Porsche Panamera 4-Door

November 24th, 2008 at 12:00pm

The Flash Player is required to watch Autoline. Download Flash.

Runtime 6:00

Obama favors money for the Big Three now but is facing opposition from top Democrats in Congress. The Big Three CEOs will drive to DC in hybrids, stopping along the way for press conferences and media coverage. A look at the new Porsche Panamera, its first four-door vehicle. All that and more, plus a look at two of Nissan’s new car reveals at the LA Auto Show.

Transcript and Story Links after the jump . . .

Here are today’s top headlines, Obama favors money for the Big Three now. The Big Three CEOs will drive to DC in hybrids. And a look at the new Porsche Panamera.

Up next, we’ll be back with the news behind the headlines.

This is Autoline Daily for Monday, November 24, 2008. And now, the news.

What’s next for the Big Three in their quest for a bailout? WWJ is reporting the CEO’s will drive back to Washington next week. And they’ll be driving hybrids in a caravan, stopping along the way for press conferences and media coverage. Bravo Big Three! Now you’re figuring out how to sell Congress on the idea you’re worth saving, and showing the American people you’ve got the technology to get you to the future.

The CEOs are more likely now to get the money they’re after. President-elect Barack Obama is on the record saying he wants to accelerate payments of the $25 billion meant for retooling their plants for fuel-efficient cars. House Speaker Nancy Pelosi and Majority leader Harry Reid are on the record opposing that move, because the environmental lobby went ballistic over spending that money to save the Big Three instead of spending it on green cars. You watch! If Obama is for giving them some of that money now, the Big Three are going to get a big Christmas present.

Porsche just released photos and video of its much talked-about Panamera sedan, which represents the first time that Porsche has come out with a 4-door. It’s billing the Panamera as a grand-touring sports car, and wants to bring in new customers thanks to its unique combination of style, driving dynamics and interior room. The Panamera will make it to the market next spring.

We’ve got engines in the news today! General Motors will supply Fisker Automotive with a gasoline engine (subscription required) for the company’s extended-range electric vehicle, coming to North America next year and Europe in 2010. According to Ward’s, GM will supply Fisker with a 2.0L direct injection, turbocharged 4-cyl. Ecotec engine. The vehicle is expected to achieve 100 mpg, with a total range of 350-miles.

And…..Ford reversed a decision to close its 82-year-old engine plant in Australia (subscription required) and replace its venerable in-line 6-cylinder engine with an imported Duratec V-6. Ward’s says Ford will continue to produce the engine and upgrade it to meet Euro 4 emissions standards.

Autoblog reports that Fiat is introducing a new version of its cheap, tiny, entry-level Panda. The newest version of this itty-bitty city car is called the Glam. It features a pearl-white paint job along with aluminum roof rails and 15 inch alloy wheels. Inside, it’s upholstered with a denim-like fabric. I suppose if Fiat can have a version of the Panda called the Glam, then Dacia can come out with a version of the Logan called the Ritz.

Coming up next, a look at two of Nissan’s new car reveals at the LA Auto Show. We’ll be back, right after this.

With all that’s going on in the auto industry right now, last week’s Los Angeles Auto Show offered a couple of mixed product messages as you might expect.

Since automakers want to prove they’re green, there were the usual bevy of hybrids, clean diesels and fuel efficient options introduced, like the 4-cylinder, gas-sipping Nissan Cube.

But performance muscled its way into the show with the likes of that “alphabet-ending” blast from the past — the Nissan Z. This time it’s the 370 Z with a 3.7-liter V6 and two different transmissions — a seven-speed automatic and a six-speed state of the art manual.

Nissan’s luxury brand, Infiniti, also debuted a new car in LA with the world premier of the G Convertible. Both models, the G37 Convertible and G37 Convertible Sport 6MT will go on sale in North America this coming spring.

And don’t forget, all this week you can enter for your chance to win a special Thanksgiving prize. It’s a Black & Decker power inverter that plugs into the cigarette lighter and provides 110 volts of power for TV’s, power saws or what ever else you want to plug into it. To win it, all you have to do is sign-up for our free e-mail newsletter. We’ll be picking the winner this Wednesday on “Autoline Daily” so sign-up now!

Anyway, that’s it for today’s top news in the global automotive industry. Thanks for watching, we’ll see you tomorrow.

2 Comments to “Episode 30 – Big Three Hybrid Caravan, Obama Favors Bailout Now, Porsche Panamera 4-Door”

  1. Philip Sparrow Says:

    If GM files for chapter 11 what happens to Holden?

  2. Pedro Fernandez Says:

    John: I can’t help compare the big 3 ceo’s to the 3 stooges. No wonder these companies are so messed up.The people at the top are clueless as to what americans expect from their vehicles. Even the trip to Washington was a joke, now they’re gonna drive there in a caravan, but how many cars are going, I wonder if its gonna be a dozen or so, they might as well just fly commercial. It would be cheaper.One footnote, Europe keeps getting great small cars we’ll never see here. Almost makes me want to move there, almost.