Blog

Nissan NV200 puts on a Bowtie as new Chevy City Express

Your eyes do not deceive you - that is, in fact, a Nissan NV200 work van with Chevrolet badging. General Motors and Nissan today announced a partnership where the Japanese automaker will build Bowtie-badged vans for Chevy dealers to sell throughout the United States and Canada. The new van, called the City Express, is expected to go on sale in the fall of 2014.
"Our fleet customers have asked us for an entry in the commercial small van segment, so this addition to the Chevrolet portfolio will strengthen our position with fleets and our commercial customers," Ed Peper, US vice president of GM fleet and commercial sales, said in a press release.
No details have been released regarding specific changes for the new City Express, though from the images released today, it's clear that the vehicle's front fascia has been reworked, and some super-sexy new wheel covers have been added. If we're honest, the NV200 wasn't all that pretty to begin with, and this, well, isn't any better. Not that looks are of primary concern in the commercial truck business, of course.

Acura NSX to be built in Ohio in 2015

Honda today confirmed that the forthcoming Acura NSX hybrid supercar will be built at a brand-new facility in Ohio. This will be the company's third plant in Ohio, and will come as the result of a $70 million investment. Honda first hinted that NSX production would be coming to Ohio when the original concept car was revealed at the 2012 Detroit Auto Show.
Honda's new facility, called the Performance Manufacturing Center, will encompass a 184,000-square foot space inside of the automaker's former North American Logistics building and will employ 100 associates. As you might expect, the Performance Manufacturing Center is located just a few miles from Honda's American-based R&D facility, as well as the Marysville auto plant, where production of the 2014 Accord Hybrid will kick off this fall.
"The location of this facility is in the midst of one of the greatest collections of engineering and production talent in the world. So it makes sense that we will renew the dream and build this high-tech, supercar in Marysville, Ohio," said Hidenobu Iwata, president and CEO of Honda of America, in a press release.

Wall Street loves Tesla's Elon Musk, values the brand higher than Fiat

Tesla's value on the stock market far exceeds the number of vehicles it contributes to the automotive market. According to a report from Automotive News, Tesla is currently valued at $8.8 billion. Almost unbelievably, though we've never claimed to have a firm grasp on the inner workings of the stock market, that's a full billion dollars more valuable than Fiat and three times more valuable than PSA Peugeot Citroën, says the report.
How unfathomable is that statistic? Consider the fact that Tesla, a ten-year-old company, just managed to turn its very first profit last quarter and has produced fewer than 10,000 vehicles in its lifetime. How does that compare to an automotive giant like Fiat? Well... it doesn't - The brand sold 44,772 Fiat 500s in the United States alone in 2012, and it owns or controls the Chrysler portfolio of brands along with Ferrari and Maserati... not to mention the hundreds of thousands of cars Fiat Group sells yearly in the rest of the world.
Granted, the number of vehicles sold by a brand is just a small portion of its value, but you may still wonder, Why is such a seemingly small player in the global automotive marketplace such a big deal on Wall Street? According to AN, it has a lot to do with its controversial and headline-grabbing CEO, Elon Musk, and the way he disseminates company information to his investors. How so? We suggest you take a good look at the article here for the whole story.

Recap: 2013 Spanish Grand Prix is Catalan for 'Lottery' and 'More pit stops'

This year's Formula One season might qualify as being just as crazy as last year's, only it's a different kind of crazy. Instead of a new winner every Sunday, how the winner actually manages to take the victory is the mystery, and just when we thought the season might have settled into a groove regarding team performance, here comes the Spanish Grand Prix to remind us that we don't know anything until the race has been run.
There were many similarities to past weekends to being this one: Mercedes-AMG Petronas showed awesome one-lap pace, Fernando Alonso did well enough in qualifying to get fifth on the grid but talked up the race pace of the Ferrari, Kimi Räikkönen was the equivalent of a racing photobomber, never saying much but always showing up in the picture, Felipe Massa wasn't really big on the tires and McLaren might want to consider starting a blues band they spend so much time singing them.
Then the lights went green and things went nuts...

Infiniti hybrid sports car coming by 2016 after all?

Infiniti makes plenty of good cars, crossovers and SUVs. The premium Japanese brand also has a well-defined presence in racing on the world's largest stage in the form of a partnership with Red Bull in Formula 1. What Infiniti doesn't have, though, is a range-topping halo car.
A report from Autocar in the UK suggests that Infiniti's gaping top-shelf hole may soon be plugged by 2016 with a new hybrid sports car along the lines of the well-received Emerg-E and Essence concepts. This report is contrary to news we heard from Autocar late last year, when company officials reportedly told the publication that a swoopy and fuel-efficient machine like the Emerg-E wouldn't be produced.
Interestingly, Infiniti is said to sense strong demand from so-called "little emperors ... who are used to getting what they want," many of whom live in Asian countries, who are also environmentally conscious. Infiniti exec Andy Palmer told Autocar to expect something "like the Tesla sports car option, but with more flexibility in terms of range."

Audi kicks off ad campaign tonight with stirring new spot

Following last week's entertaining and wildly popular Spock vs. Spock video, Audi has come back with a bevy of videos for its new advertising campaign that will begin airing tonight in primetime and on cable.
There are five ads altogether, but the longest one, a 60-second spot titled It Couldn't Be Done, is our favorite by far. Set to a reading of the poem of the same name by Edgar Albert Guest, the commercial chronicles the history of Auto Union Deutschland Ingolstadt from the days of its founder, August Horch, through its many decades of innovation, competition and creativity. Indeed, watching the commercial gave us chills similar to when we first heard the Ram brand's Farmer commercial that aired during this year's Super Bowl.
The other four commercials are shorter 15-second spots that focus on such familiar themes as the company's Quattro all-wheel-drive system, the safety of its vehicles, their style and the company's advances in LED lighting. While less impactful than the longer ad, we think they effectively sound the drum beat of Audi's preferred tag line: Truth in Engineering. Scroll down to watch all five new ads, starting with the 60-second It Couldn't Be Done.

Rapping grandmas love the Mitsubishi i EV

For some reason, having unlikely rappers - like minivan-driving suburbanites or British mothers - spit about their rides is still a catchy advertising hook, even in other cultures. Far more so, we're guessing, than having P. Diddy sing about his dog and his pickup truck or a Brazilian street gang doing a Celtic dirge, for example.
And that's how you get three grandmothers ridin' dirty clean in a Mitsubishi i electric vehicle. The ad for the Belgian car sharing company Cambio - promoting the i in its fleet - gets the three "omaatjes" rolling through town in veteran hip-hop fashion, right down to the police once-over. Check out how they do it in the video below, but beware, there is some explicit language.

Lamborghini Aventador reports for taxi duty at Bologna airport

Lamborghini has invaded another airport as part of its 50th anniversary celebrations. In January, it took over one of the two runways at Miami-Dade International Airport so it could conduct high-speed runs and have an Aventador pose with a Boeing airliner. Across the Atlantic, the Aventador has just been made the "Follow Me" vehicle at the Aeroporto di Bologna, which is 30 minutes from the company factory in Sant' Agata Bolognese.
According to Auto Evolution, it's been done up just like the Fiat models one normally encounters on such duty - it even has a light bar in case pilots don't simply want to follow the noise. Specially trained airport staff will guide arriving flights to their gates in the Aventador from May 6 to May 19, and once passengers are deplaned, they can check out the Lamborghini exhibit inside the airport.

Nicolas Cage flogs Saab-based Senova from Beijing Auto [w/video]

BAIC has officially pulled the covers off of its new Senova D Series sedan for China. The four-door is based on the old Saab 9-5 and boasts a turbocharged 2.0-liter four-cylinder engine. Local buyers can get their hands on the machine for around $22,745 at current conversion rates. Other engine options include a turbocharged 1.8-liter four cylinder as well as turbocharged 2.3-liter four-cylinder, and a wide range of safety equipment comes standard on every trim except the very base model. Those goodies include a tire pressure monitoring system, active head restraints, blind spot detection, driver fatigue detection and parking sensors.
The Senova nameplate serves every model based on former Saab architectures, including the Epsilon, GM2900 and GM2400 platforms as well as engine and transmission tech. In order to promote its new products, BAIC has hired Hollywood staple Nicolas Cage to serve as the company's brand ambassador. Cage stars in the Senova-heavy Town of Car Legends action-packed video short (directed by Olivier Megaton of Transporter 3 and Taken 2 fame) which you can view by scrolling below.

New Peugeot 308 looks to be a big improvement

As much as we applaud automakers for flexing their design muscles every now and then, we occasionally find ourselves raising our eyebrows at the "new family design language" that companies smatter across their products. For example: Have a look at pretty much everything Peugeot has put out in recent years. Funky stuff, to be sure, but not always the sort of vehicles that garner adjectives like "pretty" or "sleek." And the old 308 hatchback was perhaps one of the company's worst offenders.
But that changes, right now. Peugeot has taken the wraps off of the new 308 hatch, and from what we can see in these high-res images, it's decidedly better looking. The design follows in the footsteps of the recently launched 2008 crossover, boasting cleaner lines without that huge, gaping maw up front. Instead, there are slimmer, LED-capped headlamps and pronounced foglamps, topped off with a rakish hood. Strong body lines flow from front to back, where there's a clean rump and a thick, windowless C-pillar. Large, split-five-spoke wheels round out all four corners.
Peugeot has not released any technical data about this 308 just yet, only saying that the new generation is a full (and appropriate) 308 pounds lighter than its predecessor, thanks to the company's new modular EMP2 platform. Inside, the reworked interior features premium materials and a rather interesting design, with a 9.7-inch touchscreen interface in the center stack and an instrument panel that's set high on top of the dashboard. Pretty cool.

Watch the Lamborghini Egoista fire up on stage

Seeing the wild Lamborghini Egoista is one thing, but hearing the single-seat concept car fire to life in all its glory is something entirely different. Visitors at the Lamborghini 50th anniversary celebration in Sant' Agata got that rare opportunity when the Egoista made its presence felt. Nothing says, "I have arrived" quite like a 5.2-liter V10 barking at the crowd. It may not be the prettiest belle at the ball, but it has the pipes to make even the most jaded among us weak in the knees.
You can catch the clip of the machine firing up in the brief (and sadly shaky) video below. We've also included a more polished video recap from the anniversary celebration. Something tells us you don't need a reason to spend a few minutes watching classic Lamborghini models prancing through Italy. You're welcome.

2013 Hurst Edition Trans Am

No, you didn't read our title wrong. This is a 2013 model year Trans Am, and yes, that is a Pontiac logo affixed to the front of the car. But don't bother dialing up your local General Motors dealership just yet. This is the new Hurst Edition Trans Am created by the Trans Am Depot located in Tallahassee, FL. Having spent a number of years restoring early Trans Am models, the crew at Trans Am Depot finally did what many Pontiac enthusiasts wish GM would have done - create a modern Trans Am using the fifth-generation Chevrolet Camaro.
As the former owner of a 1977 model, I've been wanting to check out Trans Am Depot ever since I first saw the company have American Choppers build a trio of motorcycles inspired by its Pontiac remakes. So I jumped at the chance to head to Florida's capital city to visit the shop and drive its latest creation, the new Hurst Edition Trans Am. As a collaboration with Hurst, this car made its debut at the 2012 SEMA Show and then popped up again on our radar with a cheesy yet perfectly fitting video back in March.
Driving Notes

Ghosn orders Nissan USA to double sales by 2017

Nissan CEO Carlos Ghosn has just one teensy-weensy request for its United States arm: Double your sales by 2017.
"China was not our biggest, I would say, disappointment. It was mainly the United States. We were expecting a strong year in the United States. It didn't happen," Ghosn said, speaking at a conference after announcing Nissan's 2012 fiscal results, Automotive News reports. Because of this, Ghosn has ordered his US executives to iron out the problems that affected new vehicle launches and to strengthen the company's dealer network.
In 2012, Nissan's US sales rose to 1.1 million units - a five-percent increase, and a record, at that. But the company's overall market share fell from 8.2 percent to 7.7 percent, putting the company further away from its goal of having a 10-percent stake overall.

Convocation of eagles takes over bed of Nissan pickup

Let this be a lesson to those of you who plan to visit Unalaska, Alaska (yes, it's a real city on Unalaska Island in the Aleutian Islands): If you park at Safeway with a garbage bag full of fish fillets in your pickup's bed, the eagles will find you. That's what happened above when an unidentified man parked his Nissan and returned to find a convocation of bald eagles feasting on his fish.
Neither the man nor those parked near his truck could get to their cars for fear of getting a beatdown from The 'Murica Bird, and police were called to break it up, which they did with neither beast nor fowl injured in the process.
Other than being awesome watching, other things we can take away from this video are the question who comes up with bird gathering names (a "murmuration" of herons and an "unkindness" of ravens?), and the bounty of this comment left by user "Abraham" at the KUCB news report: "It's just that the luxury edition has so much more eagle, it saddens me to think of you missing out." See what caused it all in the video below.

2013 Audi S3

Coming Soon To Our Shores With Two More Doors And A Trunk
The Audi S3 is not exactly a sales juggernaut, despite it being a bit of a legend for passionate fans of the small German premium genre. In most markets outside of Europe, people may consider such setups as the S3 three-door tested here, look at the price, and then think maybe they should just get a nice A4 sedan with greater practicality for similar cash. That certainly has been one reason Audi has never officially brought the S3 hatchback to the United States. And the 335-horsepower RS3 Sportback? Forget about it nearly everywhere but in Germanic regions, Switzerland and the UK.
All of which automatically turns the new S3 hatchback into an unattainable object of desire for many fans of the four-ringed brand. The good news, of course, for many markets not on the three-door or S3's dance card is that most of us will get a shot at buying the new S3 sedan that will be powered by the same drivetrain tested here. We reported heavily on the sedan version from the recent New York Auto Show and are convinced that there is much for North American shoppers to like.

NHTSA opens investigation into Ford Super Duty trucks over steering woes

The National Highway Traffic Safety Administration has launched an investigation into certain 2008 Ford F-250 and F-350 Super Duty pickup trucks. The investigation covers some 340,000 trucks after the government agency received five complaints of steering box failures. Owners claim internal failures resulted in the complete loss of their vehicles' control. In one case, steering box failure is being blamed for an F-Series crashing into another vehicle at around 20 miles per hour, while another another driver said his truck left the road and impacted a guardrail at around 35 mph.
Ford says it is cooperating with NHTSA in the investigation. We'll keep tabs on the investigation and let you know if a recall results.

Maserati's small two-seater could arrive by 2016

As a following act to the redesigned Quattroporte and the recently unveiled 2014 Maserati Ghibli, Maserati will be releasing a slew of new products in the coming years, including the next-generation GranTurismo, the all-new Levante SUV and a new 911-fighting coupe - possibly called Gran Sport. While all of this information was detailed last year in a leaked product plan document, there were no dates associated with any of the new products. Auto Express is now reporting that the new GranTurismo will be out in 2015 and the new smaller coupe is expected out in 2016.
According to the report, the new coupe will be smaller and sportier than the GranTurismo, and it will feature a mid-engine layout with a platform that isn't shared with the Alfa Romeo 4C. This product onslaught is a part of Maserati's plan to increase sales to 50,000 units globally by 2015.

Chrysler recalls 468,700 Jeep Grand Cherokees, Commanders over rollaway risk

Chrysler has issued a recall covering a combined 469,000 units of the 2005-2010 Jeep Grand Cherokee and the 2006-2010 Jeep Commander (inset). Of that number, 295,000 are in the US, roughly 33,000 in Canada and Mexico and the remainder in other markets. It seems an electrical fault in the transfer case can allow the affected SUVs to shift into neutral on their own, while an Associated Press report says that Chrysler had "found cracks in a circuit board that turns the four-wheel-drive system on and off." The issue was discovered when an owner started his car remotely and it rolled away.
Chrysler is expected to begin notifying owners in June 2013, who can then take their cars to dealers. The dealer will reflash the final drive controller free of charge. There's a bulletin from the National Highway Traffic Safety Administration below with more information.

Playmate of the Year Raquel Pomplun gets a Jaguar F-Type

The Jaguar F-Type is slinking its way into vastly divergent corners of the celebrity world. Lana del Rey is its songstress, Englishman-playing-American-terrorist Damien Lewis lead its cinematic debut in Desire, San Francisco quarterback Colin Kaepernick gets the athletic endorsement, and now it's just been driven behind the "Adults Only" doors at the Playboy Mansion: Raquel Pomplun was gifted a year's use of an F-Type for being named 2013 Playmate of the Year.
There's a video below of Pomplun and her F-Type getting 'camera ready,' and a press release below that in case you want to, you know, "read the article."

Scanned Mercedes S-Class brochure leaks online

That single image of the 2014 Mercedes S-Class that we posted two weeks ago appears to have come from this, the German-language brochure for the coming sedan. The new generation of the luxury limo that rules them all will be unveiled next week (yes, we'll be there), but it seems every week brings a new leak of what we can expect - like the die-cast toy of a few days ago. This time it was user Meilensammler who uploaded these scans to German Car Forum.
The W222 - which will not contain a single light bulb we're told, only LEDs - will come in two lengths that have the same wheelbases as the current W221 (we only get the long wheelbase in the US) but are longer, lower and wider than the current car. Inside, along with those two 12.3-inch TFT screens, are a pair of back seats in the First Class Seating package that look outstanding.
It looks like three models will come at launch. The twin-turbo V8 in the S550 goes up to 4.7 liters in capacity from 4.6 and gets 449 horsepower, a 20-hp bump over the present car, and 516 pound-feet of torque. The S350 Bluetec sticks with the 3.0-liter V6 but will get 258 horsepower, an 18-hp increase, and 457 lb-ft of torque. The 3.5-liter V6 and electric motor combo in the S400 Hybrid will get 302 hp, a jump of 27. The listed 0-60 time of the S550 is 4.8 seconds, but like it's brethren it is limited to a 155 mile-per-hour top speed.

Lamborghini reportedly confirms Urus for production in 2017

The editorial director of EVO, Harry Metcalfe, was at the Lamborghini anniversary gala that saw the launch of the Egoista concept car, and tweeted this bit of news on the Urus: "Lamborghini confirms Urus SUV for 2017 production at tonight's #Lambo50 gala dinner." The Urus, you'll remember, was the concept SUV revealed at the Beijing Motor Show last year and branded "the first Lamborghini for everyday use" by company CEO Stephan Winkelmann. But that would only be if it were produced, and as of December last year it still hadn't been given the green light - even though development had continued.
This year, though, a couple of things have happened to convince some that it's probably on its way. There were patents filed in China in February, and in March Audi CEO Rupert Stadler told Autocar "Lamborghini has to do it. Because of the need to dovetail into production cycles, we should see the Urus in 2017." And since Audi is the official owner of Lamborghini, one would think the CEO knows what he's talking about when he says Lamborghini "has" to do something.
It's predicted that the showroom version will appear in 2016 as a 2017 model, accounting for the time it will take to develop and Stadler's 'production cycle' comment, referring to a slot in the refresh timetable for the Audi Q7, Porsche Cayenne and Volkswagen Touareg with which the Urus will share its MQB platform. A report in Car and Driver says the Sant' Agata company will also be looking for the Urus to bolster its sales in China and its coffers in Italy, and cost between $150,000 and $200,000.

Business booming for Hyundai in 'Bama, new production record set

Although it may be a distinction of mild importance on a global scale, Hyundai announced that last month it set an all-time sales record for the month of April. Digging a little deeper, Hyundai-Blog - an enthusiast site not affiliated with the South Korean automaker - is reporting that another record was set: to go along with 63,315 total sales in April, Hyundai Motor Manufacturing Alabama assembled a record 37,372 Elantra and Sonata sedans.
This doesn't mean that half of Hyundai's April sales came from the Montgomery, AL plant, but it's still a telling sign of just how important this new factory is. The Elantra and Sonata are by far Hyundai's most popular models, accounting for almost 63 percent of all Hyundai sales so far in 2013. Congrats on the achievement, Hyundai.

Lamborghini unveils Egoista Concept for selfish supercar owners

Does the mere desire to own a ridiculously high-performance and stupendously expensive supercar automatically make its prospective owner a little selfish? Not necessarily, but if said supercar has just one seat, a case could certainly be made that its megalomaniacal owner simply doesn't want to share the experience with his friends...
For such an owner, Lamborghini has presented the Egoista Concept - perhaps fittingly, the car was unveiled at a private 50th birthday party that the automaker seems to have thrown for itself. From what we can glean without any official announcement from Lamborghini to go by, the Egoista Concept has room for a single occupant, is powered by a 5.2-liter V10 engine and boasts styling said to be inspired by an Apache helicopter.
While we eagerly await more details from Lamborghini, we suggest you click on the image above to view the Egoista in high resolution. With just one angle to go by, we can't really offer much commentary on its design, other than to say it joins the Veneno as one of the more memorable self-given birthday presents in recent memory.

Iron Man takes over Audi DTM racing team [w/video]

The producers of Iron Man 3 undoubtedly have the No. 24 Audi RS5 DTM car driven by Adrien Tambay at last week's Hockenheim round to thank for the movie's record-breaking global opening. Not only was Tambay's car wrapped to be a high-speed billboard for the movie, the entire team dressed in Iron Man-themed race suits made by partner Alpinestars and wore themed helmets from Uvex. What other reason could there be?
To make sure that all of Earth's residents at least get to hear about the movie, Tambay's team will be donning the livery again at the Brands Hatch round on May 19. There's a miniature press release below, along with a video of the crew hamming it up - as you would do when you get the chance to drive one of the few Audis that might be cooler than Tony Stark's.

Meet the inventor of the BMW 3 Series wagon

It's hard to imagine, but once upon a time, there were only two BMW 3 Series variants: the coupe and sedan. Back before gran coupes, convertibles and yes, even touring models were available, buyers could only get their 3 Series fix if it came with two or four doors and a fixed roof. Back in the mid '80s, BMW engineer Max Reisbock was having some trouble fitting his whole family into his four door. Rather than suck it up and buy a van, he picked up a wrecked 3 Series and got to cutting in a buddy's garage. Months later, he had the very first 3 Series Touring ever built.
At first, he kept the the car to himself, using it to haul friends and family around, but he eventually showed it off to his friends at work. When the BMW executives found out about his project, they called him up to take a closer look. After putting an eyeball on the car, they took it, copied his design, made a few tweaks and quickly rolled out the first production 3 Series Touring. How's that for validation? Check out the video below for Reisbock's story.

Nissan reports $4.13B net income for 2012

The news for Nissan is good when it comes to the company's results for the 2012 financial year that ended on March 31. Even though the numbers were down in many of the world's major markets, increased sales in the US, Brazil and the Middle East, ten new models and a strong fourth quarter allowed Nissan to hit its target for the year and notch record sales of 4.914 million units globally. On net revenue of $116 billion, Nissan posted net income of $4.13 billion and an operating profit of $6.31 billion.
There are upward-looking projections for this year, Nissan forecasting a 7.8-percent jump in sales to 5.3 million units, with $117.89 billion in net revenue and $4.42 billion in net income. That net revenue number probably won't actually match what's reported next year, though, because Nissan is changing its accounting method and won't include revenue and operating profit results from its joint venture with China's Dongfeng. Net income doesn't change under the new method, but the adjusted net revenue forecast is $109.16 billion.
There's a press release and two videos below with more details for those of you who go gaga for annual reports.

Would you allow advertisements on your infotainment system? [w/poll]

As consumers find new ways to avoid commercials and advertisements, companies are constantly trying to find new ways of marketing to them. Other than radio commercials, it's hard to think of a way for ads to show up in our cars, but Reuters is reporting that General Motors is considering selling ads show inside its in-car infotainment systems.
In the article, GM CEO Dan Akerson talked about the possibility of in-car ads with the example being a "brought to you by Alltstate" message showing up on the infotainment screen. Of course, this doesn't even begin to factor in what sort of ads we'll start seeing in GM cars once it launches its widespread 4G LTE Internet access for most vehicles starting with the 2015 model year.
Does this kind of advertising creep strike you as being par for the future course, or insidious beyond your wildest dreams? Make your voice heard, in our poll below.

Admire 350 Lamborghinis lined up at 50th Anniversary Tour

If you're a fan of Lamborghini then you'll want to set aside 13 minutes of your time for this video. The Sant' Agata carmaker is hosting a 50th Anniversary Tour from Milan to Rome and then back up to the factory in Bologna, and the 350 entries in this running of the bulls were staged on a Milan street. YouTube user Shmee150 is with the convoy and he spent the aforementioned 13 minutes walking among the field of glory that spans models from 1963 to now.
None of the cars were running so the video lacks the audio thrill of the supercars merging onto the M6 in the UK. As a virtual tour of Italian art museum showcasing a massive outdoor exhibit of Lamborghinis, however, it can't be beat. Don't hesitate to check out the video below.

Ford family keeps special voting rights

Ford Motor Company has a dual-class stock structure of Class A and Class B shares. The roughly three billion Class A shares are for the general public like you and me, while the roughly 71 million Class B shares are all owned by the Ford family. Each Class A share gets the shareholder one vote, each Class B share is worth 16 votes, the result being that Common Stock holders control about 60 percent of the company while the Ford family controls 40 percent even though it holds far fewer shares. The only way that could ever change would be if the Fords sell their Class B shares, but even so, Class B shares revert to Class A when sold outside the family, so they'd have to sell a whole bunch of them.
A contingent of Class A shareholders think the dual-class system is unfair, and for the past few years a vote's been held during the annual shareholders meeting to end it. It has failed every time, as it just did again during the meeting held this week. A smidge over 33 percent voted to end the dual system, outvoted by the 67 percent who are happy with the way Ford is going - unsurprising in view of a corporate turnaround that will be part of business-class curricula for years to come.
On the sidelines, Ford elected Ellen R. Marram to the post of independent director, the first woman to hold the job. The former Tropicana CEO and 20-year Ford board member replaces retiring board member Irvine Hockaday who helped bring Alan Mulally to the CEO position.

1967 Toyota 2000GT most expensive Asian car ever sold at $1.2M

Toyota's agelessly beautiful 2000GT has been sold by RM Auctions for $1.16 million, making it the new record holder for the most expensive Asian car ever sold. As always, rarity played a big factory in driving up the price; just 351 2000GT models were built, and only 62 left-hand-drive cars (like this one). The classic Toyota, standout member of Texas car-collector Don Davies' paddock, was originally a US-delivery car that spent time in a collection back in a Japan before returning to Texas just a short time ago. The car last sold in March of 2011, for just $650,000.
Enthusiasts will recognize the 2000GT as perhaps the most heralded Japanese classic of all time. The Toyota was a contemporary of the Jaguar E-Type - though one that obviously sold in a fraction of the English car's numbers - that was well reviewed by the motoring press of the day. Sometimes referred to as Japan's first supercar, the 2000GT boasted a 150-horsepower, dual overhead cam, 2.0-liter straight-six engine; a five-speed manual transmission; and a reported top speed of over 135 miles per hour.
RM described this record-setting example as, "the finest and most authentic 2000GT to come to market in recent years," equating it with blue chip classic exotics like the Ferrari Daytona and Lamborghini Miura.