Last week Toyota publicly announced that it was recalling 3.8 million Avalon, Camry and Lexus ES 350 models on account of fears over unintended acceleration. The fix for Toyota's sudden acceleration issue includes the reshaping and/or replacing of accelerator pedals, with replacement pedals reportedly arriving in April. As you'd probably guess, the massive recall has led to many customers calling dealers for additional info, but unfortunately dealers weren't exactly prepared to respond.

Wards Automotive is reporting that Toyota didn't inform its dealer body of the proposed changes, which apparently includes the reconfiguration of the floor of some models, before the announcement was made. The industry trade journal says that a Toyota spokesman told them that the severity of the situation meant there was no time to inform dealers first, though all dealers have been informed by now.

Wards spoke to a couple dealers who sound more than a little frustrated by the situation. Earl Stewart of Earl Stewart Toyota of North Palm Bay, FL reportedly called the situation "confusing" and "embarrassing," adding that his dealership has been fixing floor mats the past few months without getting paid by Toyota for their work.

While we agree that Toyota was right in getting this information out to the public as quickly as possible, we're surprised it didn't first alert its dealer body. After all, the dealership is the public face of the company, and if customers call and dealers don't have answers, it looks like the situation is anything but under control. The official recall notices for the Avalon, Camry and ES are expected to come by year end, while five other models, including the Prius, Tacoma, Tundra and Lexus IS 250/IS 350, will receive similar notices sometime in 2010.

[Source: Wards Automotive, sub. req'd]

When navigation systems started showing up in the center stacks of luxury vehicles, the new (at the time) tech typically would set owners back a couple grand or more (and still does). As we gear up for 2010, mapping tech is everywhere from the most expensive luxury sleds to economical hatchbacks, but there is still one problem. If you want an LCD screen with navigation capability, the option will still set you back from over $1,000 to above and beyond $2,000 in most cases. The only exception is Suzuki, which includes its TRIP nav system as standard equipment on the sub-$20k SX4.

Nissan is looking to change the navi pricing paradigm by offering a $400 navigation system in some of its high volume 2010 MY products. That's $400, or the same price as Ford's LCD-less SYNC system. Or less than half the price of most options available in vehicles today. The nav system, which was developed by Nissan and Bosch, gives directions, integrates your tunes with USB and Aux inputs and has integrated Bluetooth connectivity for hands-free calling. The low cost system also connects with a backup camera and can help you save money by pointing out the route that will cost you the least fuel.

The Detroit News reviewed the nav system in 2010 Nissan Sentra and came away impressed with its overall operation, though the smallish five-inch LCD screen was reportedly a bit hard to read at times. We're hoping low cost navvies are here to stay, and with the ultra-competitive nature of the auto industry, we're thinking any automaker that doesn't follow Nissan's lead will be at a major competitive disadvantage.

[Source: The Detroit News]

Remember this past spring and summer's super speedy General Motors and Chrysler bankruptcies? If the billions in government loans and White House strong-arming is starting to slip into the recesses of your memory, your mind will likely be refreshed sometime in the future, at least according to Fitch Ratings. Fitch says that high fixed costs, perpetual over capacity and weak sales will lead to more bankruptcies that will mirror the misery of the airline industry.

Fitch gives plenty of reasons that the auto industry is far from out of the woods, chief among them is the continuation of weak sales. The ratings agency predicts 2010 car sales will rise by 7.8% to 11.1 million units, an improvement that is still far shy of the industry's peak sales of 17 million units. Another chief concern is GM and Chrysler's inability to access the credit markets for the foreseeable future. Credit markets are tight enough already, and Fitch doesn't see any bank lining up to loan money to any company fresh out of bankruptcy and still in restructuring mode. And if suppliers don't become more healthy or if gas prices spike again, Fitch sees the potential for more stress and ultimately more bankruptcies. And the Detroit 3 still have to contend with a high dollar union workforce and retiree obligations. Of the Detroit automakers, Fitch unsurprisingly sees the most stability at Ford. The Blue Oval still has access to bank loans and Fitch feels it has the strongest product lineup as well.

While we certainly agree that the auto industry is anything but out of the woods, we're also a bit skeptical of Fitch Ratings' foggy crystal ball. After all, Fitch didn't foresee much of the banking collapse that brought this country to its largest recession in decades until the collapse was painfully obvious, giving AA ratings to banks like Lehman Bros. only one year before that financial institution's dive into Chapter 11 protection.

[Source: Reuters | Photo by David Goldman/Getty]

When Koenigsegg pulled out of its agreement with General Motors to purchase Saab, many thought that General Motors would dump the Swedish automaker much like it did the Saturn brand. But it appears that The General is still willing to look for another interested party, and speculation is that two perspective buyers are at the front of the line. The Swedish press is reporting that China's Beijing Automotive (BAIC) and Wyoming-based merchant bank Merbanco have shown renewed interest in perennially cash-poor Saab.

Saab spokeswoman Gunilla Gustavs reportedly told Automotive News that there were 27 suitors interested in the Swedish automaker prior to Koenigsegg becoming the preferred bidder and confirmed that there are now other bidders interested. "We have a close dialog and close contact with several who have expressed interest in buying Saab Automobile," Gustavs says.

if another bidder does win the opportunity to purchase Saab, they'll inherit an automaker that expects to lose $427 million in 2009 and a similar amount of cash in 2010. That buyer will also run into plenty of resistance when trying to get its hands on GM's technology assets. One issue that reportedly derailed the Koenigsegg bid was GM's reluctance to share its tech for new products like the new Saab 9-5. On the upside, the aforementioned 9-5 sedan has just begun serial production, the 9-3X allweatherwagon is ready to go, and the 9-4X looks to be just around the bend, too.

Earlier in the week, GM released a statement stating that it would "take the next several days to assess the situation and will advise on the next steps next week." Thanks for the tips, everyone!



[Sources: Autocar; Automotive News; Auto Motor und Sport]

Nicolas Cage is suing his former manager Samuel Levin for $20 million for gross negligence of his finances and for lining his own pockets at the actor's expense. Cage is moving to sue the former manager due to the actor's sudden cash crunch, which includes a boat load of debt and over $7 million in back taxes. But Levin has a story of his own to tell, and it involves excess on a scale that we can hardly imagine. According to Levin, the actor purchased a scad of really expensive stuff. Like a $7.5 million island in the Bahamas, 15 mansions, four yachts, a Gulfstream, 47 pieces of art and even nine Rolls-Royce Phantoms.

Now we can understand owning nine exotics, or even collecting hundreds of rare cars and storing them at the Burbank airport, but nine Phantoms? At least Reilly purchased a Ferrari with his National Treasure money. We're guessing Cage likes to have a Phantom just about everywhere he is, and since he owns an island and a bunch of mansions he probably has one parked in nine different garages. Regardless, we're having a hard time feeling too sorry for Cage, even if Levin is exaggerating. The actor makes about $20 million a film, so while all that excess sounds like a ton of money, we're guessing the actor can pay his tab with a couple more movie deals. Gone in 60 seconds part two, anyone?

[Source: The Sun]

When Alan Mulally arrived at Ford Motor Company three years ago, the Blue Oval was in bad shape. New product wasn't exactly pouring in and the company's cash hoard was steadily shrinking. And word on the street is that the corporate culture at Ford was in as much trouble as the product lineup, making change difficult. Now in 2009, it appears Mulally has done the near impossible, turning around Ford's product lineup while supposedly positively altering FoMoCo's corporate culture.

For all of Mulally's success, there is one problem: he's 64 and can't continue to run the company forever. And although Mulally has given no signals of separating from Ford any time soon, industry insiders are already speculating on who will become his successor. The four names that continue to come up are Ford Americas President Mark Fields, global marketing boss Jim Farley, manufacturing whiz Joe Heinrich and Ford Europe savior Lewis Booth.

The Detroit Free Press feels the early money is on Fields. The Harvard grad has been with Ford for 20 years, and he's lead some high profile success stories. He turned around Mazda and is currently piloting Ford North America in the midst of what appears to be a substantial product renaissance. Farley has an advantage in that he came to Ford from Toyota/Lexus and is seen by many as a real up and comer.

By many accounts, Heinrich is a bit of a manufacturing genius. The Harvard Business grad came from General Motors, where he became the company's youngest ever Plant Manager at age 29. Booth has the longest resume and arguably the most examples of success. He appears to have consistently met and exceeded expectations everywhere he has been, including Mazda, Ford Asia Pacific and Ford South Africa. Booth is different from his fellow executives in that he is the only one who isn't in his 40s.

We have no earthly idea who would become the next head of Ford, and we're guessing that we're at least a couple years away from finding out. We're OK with that, because this Mulally guy appears to know what he's doing.

[Source: Detroit Free Press | Photo by Bill Pugliano/Getty]

While the majority of Toyota's jobs are still in Japan, the auto juggernaut has also accumulated a 34,000-employee empire here in the U.S. as well. Those jobs are scattered among ten manufacturing facilities and three main office complexes in Michigan, Kentucky and at the company's North American headquarters in Torrence, California. But the downtrodden auto industry and Toyota's recent losses have prompted the Japanese automaker to find ways to cut costs, and the company's California headquarters may lose some workers as a result.

The Detroit News is reporting that Toyota is relocating product planning, accounting, travel and data services jobs from California to its engineering and manufacturing headquarters in Kentucky and its technical center in Michigan. Toyota is neither confirming or denying the report, but the company did say it isn't going to exit California like Nissan did earlier in the decade, adding "Emphasis has been placed on finding new efficiencies, shared services and enhanced collaboration to address the changing economic conditions and prepare Toyota for the future automotive market environment." Toyota currently employs 10,700 workers in California, a number that will drop if this report proves true.

UPDATE: Toyota has released a statement that it isn't planning any "significant geographic relocation of personnel" at this time. Hit the jump to view the short release.

[Source: The Detroit News]

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Mitsubishi already plans on selling its little MiEV electric car in the U.S. within the next 18 months, and it appears that we may get a gasoline powered version of the roomy micro car as well. Automotive News is reporting that Mitsubishi is mulling the idea of putting petrol power in charge of propulsion of some i models, giving dealers a higher volume line that can compete with the Smart Fortwo. The automaker already sells a gasoline powered i in Europe, but Mitsubishi Motors North America VP John Koenig reportedly told AN that the Euro model's turbocharged 660cc motor would likely be swapped out for the same Mitsubishi-sourced 1.0-liter three-cylinder model that powers the Smart.

If Koenig wants to bring the gas-powered i to the States, he estimates that he'll have to prove that dealers can sell 1,000 models per month in order to get the parent company to pull the trigger. That sounds doable to us considering Smart sold 20,000 Fortwo's in the first 10 months of production – in spite of the fact that the unique-looking micro mini is premium-priced and only has two seats. The i can comfortably seat four and it can probably be sold for close to the Fortwo's $11,990 starting price. The typical i sells in more small car tolerant Europe for $16,000.



[Source: Automotive News - subs. req.]

The GMT900 platform is by far the highest volume chassis General Motors has here in the States, as it underpins the Chevrolet Silverado, Tahoe, Avalanche and Suburban, the Cadillac Escalade/Escalade ESV, and the GMC Sierra, Yukon and Yukon XL. We never had any doubt that GM would continue to build body-on-frame trucks in the future, but with demand for SUVs shrinking quickly, some thought the body-on-frame SUV would soon be a thing of the past. Maybe not.

Our friends over at Pickuptrucks.com are reporting that the next generation of the GMT platform will be produced by Magna International's Cosma in Canada and Mexico – and that new platform will underpin the next-generation of GM SUVs along with the GMC Sierra and Chevy Silverado. Pickuptrucks quotes Magna spokesperson Scott Worden as confirming that the next generation of GM's large SUVs will come with the body-on-frame architecture. This sort of chassis tends to add weight versus a unibody platform, but it also adds capability for towing and payload at lower cost.

We're not really all the surprised that GM will continue to build BOF SUVs, especially when considering that the General sold a combined 200,000 copies of the Suburban, Yukon, Tahoe and Escalade last month alone. And last we checked, these are still relatively expensive vehicles that bring in quite a bit of desperately needed profit. And if customers are interested in a family hauler with better interior packaging and fuel economy, we're sure GM dealers will be happy to get them into a Buick Enclave, Chevy Traverse or GMC Acadia.



[Source: Pickuptrucks]

The first Porsche Panameras are on their way to dealers as we speak, but the trek from Germany to the US is taking longer than expected due to a reported problem with the key software which is bring fixed at the ports. That leaves 195 expectant Panamera owners without their new German sports sedan for a little while longer, and Porsche thinks it has come up with a nice way to make up for its gaffe.

Autoweek reports that Porsche will give each of the 195 waiting Panamera owners a set of custom luggage for their troubles. And not just any luggage, either. The price tag for this custom Porsche-branded luggage set is reportedly $3,580, or more than many of us paid for our first car. And while we're sure the wait has been painful, it appears the agony will soon subside. A Porsche spokesman reportedly told AW that 72 Panameras have finally reached the dealer and the other 123 will arrive by November 30. Not exactly in time to show off the new Porsche at Thanksgiving, but if you're flying out of town for Christmas the Porsche luggage should come in handy.



[Source: AutoWeek]