October 23rd, 2012 at 11:43am
You’d think that selling iconic London cabs would be an easy business proposition, but that’s not the case. The all-new Chevy Silverado will debut next year at the Detroit Auto Show, and the company really needs it to sell. Total automotive manufacturing capacity in Brazil will jump by 50 percent by 2014. Will that be too much? All that and more, plus our look at the 2013 Chevy Spark.
Hello and welcome to Autoline Daily. Boy are we coming up on a milestone. This is show 998 and on Thursday we’ll hit show number 1000. That’s a lot of shows, and we’re so proud to hit that milestone. And now the news.
BLACK CABS SEE RED
You’d think that selling iconic London cabs would be an easy business proposition, but that’s not the case. Despite having three quarters of the London taxi cab market, the company called Manganese Bronze, is going insolvent. Hit by competition from Mercedes, a recall involving a steering defect, and a financial irregularity that overstated earnings, the company is incapable of raising the money it needs. Manganese Bronze, working in conjunction with Chinese car company Geely, has only sold 1000 cabs this year.
NOTHING LIKE THE C6
Chevrolet is letting more details of the new Corvette leak out. The C7 is an all new design. In fact, the only carryover parts from the C6 are the cabin air filter and the rear latch for the removable roof panel. When Ed Welburn was on Autoline After Hours he told us we’ll be especially impressed by the new interior of the car, which also gets the newest version of GM’s small block V-8, and it even gets a newly designed crossed flag logo. The new C7 Corvette will debut at the Detroit auto show in January.
BOW TIE TRUCK TO BOW AT DETROIT
Speaking of Chevrolet leaking out details of new product, we had a little bit more information on the new Silverado pickup . It will be an all-new 1500 series with a new exterior design, projection beam headlamps, and enhanced capabilities. It too will debut at the Detroit auto show next month. Chevrolet definitely needs this new truck. So far this year sales of the Silverado are up only 0.6 percent compared to 11.4 percent for the F-series and 20 percent for the RAM pickup.
BRAZIL HEADED FOR PROFIT SQUEEZE
Uh-oh you’d think that the world’s automakers would learn not to put in too much capacity. Europe is swamped with too much production capacity, and China is headed in that direction. Now it looks like Brazil is next on the list. Yesterday we told you how BMW and Volkswagen will be building new assembly plants in Brazil. With all the other activity going on in Brazil that means its total automotive manufacturing capacity will jump by 50 percent by 2014. Look for declining profit margins as all that capacity comes on stream.
We’re still interested in getting any kind of photos or videos that you may have shot yourself. Check out these crazy art cars that our own producer Ben Sanders shot at the Maker Faire earlier this summer. I think we all need a little zaniness in our lives and these cars are about as zany as they get. So if you’ve got any interesting shots, send them our way and if we like what we see, we’ll put them in the show.
2013 CHEVY SPARK
(Today’s look at the Chevy Spark is only available in the video version of the program.)
The Spark is the first truly small car from Chevy since the ill-fated 1970s-era Chevette. But it’s a whole lot better than the Chevette ever was, and is a decent little car as long as you use it as an urban runabout. It’s not meant for long trips.
And that wraps up today’s report, thanks for watching, we’ll see you tomorrow.