Showing posts with label Fiat. Show all posts
Showing posts with label Fiat. Show all posts

27 Jan 2014

Fiat/Chrysler finalise merger with merged conference call on sales and ernings

Fiat and Chrysler will for the first time hold a single conference call on their annual results on Wednesday as the two companies finalize a merger that will create the world's seventh-largest auto group.
Fiat said on Jan. 1 that it had struck a $4.35 billion deal to gain full control of Chrysler by buying the remaining 41.46 percent stake that it did not own in the U.S. carmaker from the United Auto Workers VEBA Trust.

The move was the last step needed before the Italian and U.S. carmakers can merge allowing Sergio Marchionne, who heads both companies, to combine their resources as he seeks to cut losses in Europe.
Full ownership of Chrysler enables Marchionne to create a global industry player with better scale to challenge General Motors Co. and Volkswagen Group. He has tried since taking the helm at Fiat in 2004 to buy a competitor to give the struggling Italian manufacturer a worldwide market strategy for growth.
Merging the two companies will allow Fiat to pool cash with Chrysler and tighten cooperation between its Alfa Romeo, Lancia and Maserati brands with Chrysler, Dodge and Jeep.
The 2013 results' conference call will be held at 15:00 CET, Fiat said in a statement on Monday.
REPORT HERE

22 Jan 2014

New FIAT Panda 4X4 Antarctica is now available to order


  • New FIAT Panda 4X4 Antarctica is now available to order priced from £14,895 OTR
  • FIAT Panda 4X4 Antarctica features a unique look, as well as additional standard features
  • UK order books of standard FIAT Panda 4X4 are now almost full with delivery of most new orders expected from March 2014

FIAT is celebrating 30 years and 500,000 sales of its iconic all-wheel drive city car with the special edition FIAT Panda 4X4 Antarctica. Designed to stand out from the crowd, the Antarctica is only available in white with a black roof, orange detailing, diamond-finish 15-inch alloy wheels and special badges.


Inside, the FIAT Panda 4X4 Antarctica features grey and orange upholstery with numerous additional standard features such as dark-tinted rear privacy glass, a height adjustable driver’s seat and three-passenger rear seat with 60:40 split/folding backrests. As with all examples of the FIAT Panda 4X4 sold in the UK, the Antarctica edition also features air conditioning, ESC stability control, an electronic locking differential (ELD), specially tuned suspension, mud-and-snow tyres and rugged bodywork protection all as standard.


Powered either by FIAT’s award-winning 85hp 0.9 TwinAir petrol engine or a 75hp 1.3-litre MultiJet II turbo diesel engine, the FIAT Panda 4X4 Antarctica offers a unique combination of exceptionally low running costs and genuine off-road capability which is unmatched by any competitor vehicle.

Just 300 examples of the FIAT Panda 4X4 Antarctica will be built for the UK market priced from £14,895 OTR and available on a PCP from just £229 deposit and £229 per month.


Meanwhile demand for the standard FIAT Panda 4X4, recently named ‘2014 Mini 4X4’ by the UK’s best-selling off-road enthusiast publication, 4X4 Magazine, and Top Gear magazine’s SUV of the Year 2012, has been so strong that a waiting list has developed. Customers who order now could expect delivery of their new FIAT Panda 4X4 in March 2014, in time for the new ‘14’ registration plate. In the interim, the exciting new limited edition FIAT Panda 4X4 Antarctica will be available to help satisfy this demand.


Elena Bernardelli, Marketing Director FIAT Group Automobiles UK, commented: “Not only has the FIAT Panda 4X4 been a huge success all over Europe for the past 30 years, it’s in huge demand in the UK too. British buyers really appreciate its nimbleness and efficiency, combined with its immense all-weather capability, all wrapped up in a distinctive and unmistakably Italian package. The new Panda 4X4 Antarctica - with its extra equipment, unique styling features and strictly limited numbers - should prove even more appealing so potential buyers will need to be quick to snap one up this winter!”

FIAT completes takeover of Chrysler Group.

Fiat S.p.A. (“Fiat”) through its wholly owned subsidiary, Fiat North America LLC (“FNA”), today completed its previously announced acquisition of all of the VEBA Trust’s[1] membership interests in Chrysler Group LLC (“Chrysler Group”). Chrysler Group is now a wholly-owned subsidiary of Fiat. The consideration for the acquisition consisted of:

  • a special distribution paid by Chrysler Group to its members on January 21, 2014 of U.S.$1,900 million (FNA directed its portion of the special distribution to the VEBA Trust as part of the purchase consideration); and
  • a cash payment by FNA to the VEBA Trust of U.S.$1,750 million.

Fiat funded the U.S.$1,750 million payment from available cash on hand. Chrysler Group funded the special distribution from available cash on hand.
As previously announced, contemporaneously with the transactions described above, Chrysler Group and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (the “UAW”) entered into a Memorandum of Understanding under Chrysler Group’s existing collective bargaining agreements to provide for additional contributions by Chrysler Group to the VEBA Trust of an aggregate of U.S.$700 million in four equal annual instalments, the first of which was paid in connection with closing of the transaction with Fiat.

As part of the transactions and as promptly as practicable, FNA and the VEBA Trust will dismiss with prejudice the proceedings before the Delaware Court of Chancery with respect to the interpretation of the call option agreement.

21 Jan 2014

Fiat Completes Buyout of U.S. Carmaker Chrysler

MILAN — Fiat has completed its buyout of Chrysler, making the U.S. business a wholly-owned subsidiary of the Italian carmaker as it gears up to use their combined resources to turn around its loss-making operations in Europe.

The company announced on January 1 that it had struck a $4.35 billion deal - cheaper than analysts had expected - to gain full control of Chrysler, ending more than a year of tense talks that had obstructed Chief Executive Sergio Marchionne's efforts to create the world's seventh-largest auto maker.

Fiat said on Tuesday that it had completed the acquisition of the remaining 41.46 percent stake in Chrysler from a retiree healthcare trust affiliated with the United Auto Workers (UAW) union. The trust, known as a voluntary employee beneficiary association, or VEBA, received $3.65 billion in cash for the stake, $1.9 billion of which came from Chrysler and $1.75 billion from Fiat.

Chrysler has also committed to giving the UAW trust another $700 million in four equal annual installments, the first of which was paid in connection with the deal closure, Fiat said.

The Chrysler buyout talks have been closely watched by debt and equity investors because Fiat's long-term plan to cut losses in Europe depends on its ability to deepen ties with Chrysler.

The U.S. business is now a profit center for Fiat, but the two companies are still forced to manage their finances separately. A full merger will make it easier - but not automatic - to combine the cash pools of the two companies, giving Fiat more funds to expand its product line-up.

Fiat will discuss the merged company's future headquarters and a potential listing outside Italy at a board meeting scheduled for January 29.

The company is widely expected to move its headquarters outside Italy, where Fiat was founded 115 years ago - a sensitive topic among local unions and politicians eager to protect jobs in Fiat's home market.

Marchionne said at the Detroit car show last week that a listing of the combined entity was on the agenda for this year. While New York is the most liquid market, Hong Kong is also an option, the CEO said, pledging to stay at the helm of the merged group for at least three years.

The first big test for the merged Fiat-Chrysler will be a three-year industrial plan Marchionne is expected to unveil in May, in which he will outline planned investments and models.

While analysts have widely welcomed the Chrysler deal, which Marchionne funded without needing a rights issue, they have been more skeptical about the group's rising debt and 61-year-old Marchionne's ability to cut losses in Europe.

Fiat has said its new strategy will focus on revamping its Alfa Romeo brand and keeping production of the sporty marque in Italy as it seeks to utilize plants operating below capacity, protect jobs and compete in the higher-margin premium segment of the market.

Shares in Fiat were up 1.77 percent at 7.46 euros by 1630 GMT, outperforming a 0.11 percent rise for Milan's blue-chip index.

(Reporting by Agnieszka Flak; Editing by David Goodman)

Source;
http://www.nytimes.com/reuters/2014/01/21/business/21reuters-fiat-chrysler.html?partner=rss&_r=0

TMW - EUROPEAN SALES - Full brand sales in Europe for 2013

CLICK TO VIEW BIGGER PICTURE

2013 was a year of varying successes and failures, however overall 2013 was most probably the year that the Europe wide fall in sales finally flat-lined, there were some huge stories that hit the worldwide media over the last twelve months, namely the takeover of Chrysler by FIAT, VW's continued dominance in Europe, followed far far behind by the PSA group, who themselves are in continued talks about mergers, takeovers and financial dire straits.

But the main story, well on this blog, is the brilliant news that Jaguar Land Rover carry on where they left off 2012, and thats higher sales, better profits, more models, and more improvement in reliability. as well as the awards, that just flowed month after month to JLR, The stunning F-Type, new Sport and the big daddy, Range Rover, all said hello, and like a hound after a hare, the sales shot off, at a high rate of knots, the next few years will be a huge one for JLR, with massive investment, the new Engine plant at Wolverhampton UK, comes on stream this year, the new 3-Series competitor will emerge, as well as the new XF, and SUV.

The last year or two have been devoted to getting Range Rover right, this has been done, now it is the turn of Land Rover and Jaguar, with the Freelander name disappearing and being replaced with the Discovery moniker making Discovery a brand in its own right, but this is not all, a brand new plant in India, China, Mexico and Saudi Arabia are all with built, building or in the planning stages, JLR will become a huge company, one that the likes of BMW and Mercedes will do well to keep their eyes on.

SEAT and Skoda saved VAG by adding over 40,000 models to the 2012 sales, but VW, AUDI and Porsche all took hits keeping 13's sales below 12's, however the mighty VAG will not rest on its laurels, they did sell nearly three million cars in the EU last year, and nearly Ten Million worldwide, so a few thousand is really nothing, but I am sure that there will be meetings and conversations high up to fathom out the issues and processes put in place to ensure it does not happen this year.

The French brands fared little better, -8.4% for the PSA company and up 4.4% for Renault Group, however it was the Dacia brand that saved Renault, and a massive first year in the UK where it sold over 17,000 cars in its first year, not bad for an unknown brand, its seems that the UK customer did indeed do the maths (reference to the UK TV advertising "Dacia - You do the maths"), Peugeot and Citroen, for two old brands, with great products 2013 was a let down, but 2014 will be better, Peugeot will have the youngest range of products in its history, Citroen will continue with the DS brand and push it further into China, and with the 308 coming on stream worldwide, along with the 208 and 2008, this year will be a significant year for the French giants.

FIAT Group, well, where to start, what a rubbish year in Europe, every brand in their portfolio fell, even the great Ferrari didn't do exceptionally well in Europe, Alfa needs a Miracle, Lancia needs putting to sleep, FIAT needs billions of euros to turn it around, and Chrysler just has not succeeded in the EU, the real story with FIAT is the takeover of Chrylser and the continued slide of Alfa Romeo, it is surely going to take a vast amount of money and talent to get FIAT Group back on top.

Of the other US brands, both had minor falls, Ford dropped 3.2% and GM by 4.3% with Vauxhall saving GM further embarrassment, by increasing sales by over 11% in the UK, adding 20,000 extra sales, 2014 will be interesting to watch, to see if the announcement of Chevrolet pulling out of Europe will effect sales, I am sure that GM wont be advertising the fact, as any sales are worthwhile, even if they are pulling out.

The so called premium brands, BMW and Mercedes were complete opposites, with BMW+MINI dropping and Mercedes+SMART rising, of the remaining brands in Europe only Kia and Mazda managed to increase sales on the previous year, but with the majority of the drops only small numbers, just saying drop or rise is a little innocuous, overall the Europe market dropped by a rather insignificant 1.7%, but that 1.7% equates to about 200,000 sales, and that's not to be ignored.

2014 will be a year of change, more emphasis on China for a lot of brands will bolster sagging sales elsewhere, most companies have significant new car releases this year, so again sales figures will be buoyant, and with the increased sales, the fight for customers will start again, with various offers, finance packages and deals to tempt, even the most tight fisted buyer, these in turn will start the spiral that eventually ended up with the entire worldwide market crashing back in 2008, have any of the Motor Manufacturers taken note and will they act accordingly, don't be silly, it will just carry on as before, the belts will tighten, and gradually they will slip, and sometime in the future, we will all be back here doing the same thing.

In the mean time, enjoy the great new cars that are due this year, and take advantage of any and all offers that are around, and remember, at the end of the day, it is only a car, and not life and death, duh, what a lot of rubbish, we live for cars around here, and any new car is met with a smile and a great deal of interest, that's why we publish all we can. Enjoy them all and here is to the next 11 months of new releases, hopefully better sales and lots of interesting news and gossip from around the world.

Jon Mower

19 Jan 2014

USA - Chrysler group wins five POLK Automotive awards


  • Chrysler Town & Country wins Polk Loyalty Award for record 13th consecutive year
  • Jeep Grand Cherokee and Wrangler win their respective SUV categories, Grand Cherokee for fifth time
  • Dodge Challenger wins third Polk Loyalty Award for Non-Luxury Sport Mid-size Car
  • Fiat 500 wins Non-Luxury Traditional Subcompact Car

The Chrysler Group starts off the 2014 calendar year by winning five Polk Automotive Loyalty Awards, presented by IHS Automotive. The Chrysler Town & Country won its 13th consecutive Loyalty Award taking the Non-Luxury Mid-size Van category, extending its own record of consecutive wins. The Jeep Grand Cherokee won its fifth award in the Non-Luxury Mid-size SUV category and the Dodge Challenger took Non-Luxury Sport Mid-size Car honors for the third time. Jeep Wrangler nabbed the Non-Luxury Compact SUV award and the Fiat 500 won the Non-Luxury Traditional Subcompact Car category, both winning their first Polk Loyalty Awards.

”Chrysler Group’s emphasis on owner loyalty across their lineup is an indicator that the organization is truly working with consumers to bring them back” said Jeffrey Anderson, director of loyalty and source of sales solutions at Southfield, Mich.-based IHS Automotive, a division of research and analytics firm IHS. “To see five awards across multiple segments is impressive, and Town & Country’s run is unprecedented.”
                                                                                     
The Polk Loyalty Awards recognize manufacturers for superior owner loyalty performance, which is determined when a household that owns a new vehicle returns to market and purchases or leases another new vehicle of the same model or make. The 2013 awards are based on an analysis of more than 7.4 million new vehicle owners who bought new vehicles again during the 2013 model year.

“Winning five Polk Automotive Loyalty Awards is proof-positive of Chrysler Group’s drive to build the best vehicles on the market,” said Reid Bigland, Head of U.S. Sales, Chrysler Group LLC. “Customers will only come back if they trust their vehicles to deliver flawless quality and reliability, and these awards speak volumes about Chrysler Group’s extensive vehicle lineup.”

Chrysler Town & Country
The 2014 Chrysler Town & Country minivan is celebrating its 30th anniversary as one of the leading innovators in the segment it created back in late 1983. The world-class interior of the Chrysler Town & Country minivan is beautifully crafted with high-quality materials that are soft to the touch, and offers tech-savvy entertainment features and smart storage and seating options including Stow ‘n Go® seating with one-touch fold-down function, class-exclusive dual Blu-ray DVD entertainment system, navigation and SIRIUSXM satellite radio with Travel Link making the Chrysler Town & Country the ultimate family vehicle. A 3.6-liter Pentastar V-6 engine produces a best-in-class 283 horsepower and is mated to a six-speed automatic transmission with a fuel economizer mode delivering up to 25 miles per gallon highway.



Jeep Grand Cherokee
Jeep Grand Cherokee completely redefines the premium SUV, delivering an unprecedented combination of best-in-class fuel economy and driving range, available clean-diesel technology, legendary benchmark capability, world-class craftsmanship, and a host of advanced user-friendly technology and safety features. For 2014, Grand Cherokee offers a new EcoDiesel engine with best-in-class 30 mpg highway and an unmatched driving range of more than 730 miles.  A new eight-speed transmission drives all Grand Cherokee engines, including the 3.6-liter Pentastar V-6 – achieving up to 25 mpg and more than 600 miles driving range – and the 5.7-liter V-8, now achieving up to 22 mpg.



Jeep Wrangler
The iconic Jeep Wrangler – the most capable and recognized vehicle in the world – is equipped with a 3.6-liter Pentastar V-6 engine delivering 285 horsepower and 260 lb.-ft. of torque and up to 21 miles per gallon. Jeep Wrangler delivers unmatched off-road capability with legendary four-wheel drive and is produced with more than seven decades of 4x4 engineering experience.  Wrangler continues to offer a body-on-frame design, front and rear five-link suspension system, live axles, electronic lockers, and is one of the few mid-size SUVs that offer a six-speed manual transmission – in addition to its five-speed automatic transmission.



Dodge Challenger
With record sales levels since the reintroduction of the Challenger in 2008, the Dodge brand’s performance icon continues to deliver exactly what muscle car enthusiasts want – a powerful and efficient engine lineup, iconic muscle-car design with numerous personalization packages. Dodge Challenger combines world-class ride, refinement and braking performance with more power and a track-tuned suspension to deliver a thrilling driving experience. With its award-winning 3.6-liter Pentastar V-6 engine producing 305 horsepower and an impressive 25 mpg highway, the Dodge Challenger is the most powerful, refined and technologically advanced entry-level Challenger ever. And now with the return of “Scat Package” performance stage kits, plus the enthusiast-demanded Shaker performance hood with its HEMI® V-8 engine-mounted, fully floating scoop and exposed high-flow element for cold-air induction – the new 2014 Challenger R/T Shaker delivers up to 375 horsepower, performance and even more heritage-inspired style for the most hardcore Dodge enthusiasts.



Fiat 500
Reminiscent of the original 500 or "Cinquecento" born in 1957, the new Fiat 500 builds on the vehicle's global popularity. Since its initial launch on July 4, 2007, more than 1,000,000 Fiat 500 vehicles have been sold in more than 100 countries around the world. In addition to success on the sales front, the Fiat 500 has earned more than 80 international awards, including being named the 2008 European Car of the Year, 2009 World Car Design of the Year and Best New Engine of 2010 (Fiat MultiAir® Turbo). In the U.S., the 2012 Fiat 500 was named "Best Buy" in the subcompact category by Consumers Digest and was deemed a "Top Safety Pick" by the influential Insurance Institute for Highway Safety (IIHS).


7 Jan 2014

TMW - Its that time of the month - UK December and FULL YEAR sales figures

JAGUAR

DECEMBER 2012 1054 sales - DECEMBER 2013 993 sales -5.79%
YTD 2012 14109 sales - YTD 2013 16210 sales +14.89%

LAND ROVER

DECEMBER 2012 2532 sales - DECEMBER 2013 3012 sales +18.96%
YTD 2012 48626 sales - YTD 2013 54699 sales +12.49%

JAGUAR LAND ROVERS COMPETITORS

BMW

DECEMBER 2012 10175 sales - DECEMBER 2013 11470 sales +12.73%
YTD 2012 127560 sales - YTD 2013 135583 sales +6.31%

MERCEDES

DECEMBER 2012 5261 sales - DECEMBER 2013 6619 sales +25.81%
YTD 2012 91855 sales - YTD 2013 109456 sales +19.16%

LEXUS

DECEMBER 2012 390 sales - DECEMBER 2013 629 sales +61.28%
YTD 2012 8404 sales - YTD 2013 9014 sales +7.26%

AUDI

DECEMBER 2012 4786 sales - DECEMBER 2013 7442 sales +55.50%
YTD 2012 123622 sales - YTD 2013 142040 sales +13.26%

RISERS ON PREVIOUS YEAR (YOY CUMULATIVE)

ABARTH +4.64%
CITROEN +6.38%
DACIA +100.00%
FIAT +20.62%
FORD +10.27%
HONDA +2.68%
HYUNDAI +3.54%
KIA +8.20%
LOTUS +86.86%
MAZDA +19.27%
MASERATI +3.24%
MIA +100.00%
MINI +1.19% 
MITSUBISHI +38.10%
NISSAN +11.46%
PEUGEOT +5.98%
PORSCHE +3.28%
RENAULT +13.28%
SEAT +16.79%
SKODA +23.28% 
SUBARU +12.26%
SUZUKI +32.92%
TOYOTA +4.83%
VAUXHALL +11.71%
VOLKSWAGEN +6.00%
VOLVO +2.76%

LOSERS THIS YEAR (YOY CUMULATIVE)

ALFA ROMEO -21.59%
ASTON MARTIN -0.64%
BENTLEY -2.84%
CHEVROLET -13.36%
CHRYSLER -24.54%
INFINITI -27.17%
JEEP -3.34%
MG -35.55%
PERODUA -50.48%
PROTON -90.38%
SAAB -98.71%
SMART -5.38%
SSANGYONG -24.34%

Dec car tab 2

  • 2,264,737 cars registered in 2013, up 10.8% on 2012 and exceeding SMMT’s 2.25 million forecast for the year.
  • 2013 hits highest annual registration total since 2007 as December achieves 22nd consecutive monthly rise.
  • On average, an additional 600 extra cars registered per day in 2013 than in the previous year.
  • UK firmly secured as Europe’s second largest car market and only one to grow consistently throughout 2013.
  • 2014 market expected to stabilise with sustainable growth of around 1% over the year.
Well, another year has finished, and it does not seem that long ago i was writing the exact same thing, where the hell does all this time go, It does not seem nearly 30 years ago i left school, with all my hopes and dreams, some that have been achieved, some that have not, and lots of new ones that have made the last 30 years both great and crap.

But anyway, I digress, where shall I start, lets start with the UK lame duck, MG, considering all their protestations about 100's of sales for the brand new and not that good MG3, they still only manage 120 registrations, considering the car went on sale in September last year, and a three month delivery (apart from the 700 already in the UK) they still are far far away from decent sales, they have nothing new for this year, considering it is the 90th anniversary of Cecil Kimbers brand new marque, I bet he is spinning at 3000 rpm in his grave when he sees what has become of his once beloved brand.

Jaguar Land Rover (JLR), both brands have had yet another great year, with huge increases in sales and lots of new metal for sale, the new F-Type Convertible, RR Sport and his daddy the Range Rover, this year will see the hard top F-Type, concept Jaguar XS (X-Type replacement) more SUV news and possibly towards the year end or early 2015, maybe at Detroit, the XF replacement, the last few years have been predominantly getting Land Rover back on track, this year is Jaguar's turn.

The Americans are not fairing too well in the UK, it seems that US cars are not flavour of the month, and with Chevy pulling out of Europe and Chryslers being Lancia's in disguise, it shows that the UK buyer is not as stupid as they think we are. But wait, Ford, the big daddy of them all, is yet again the UK #1 brand and #1 and #2 for sales with the Fiesta and Focus (Vauxhall's Corsa not far behind), the blue oval is considered an honorary Brit, and so we buy from them in droves, just a shame that they are failing to bring the new Mondeo out, whereas it has been out in the world for ages.

Why anyone would buy the hideous BMW 1-Series is beyond me, there are far better looking cars, it must be that blue roundel and ancient but false assumption of reliability, it seems that the German brands are far from reliable, just check out independent reports about those, SAAB will not be on the chart next year, which will be sad, but hopefully it will return under its new owner (NEVS), and Proton, Perodua, Ssangyong and other weird and wonderful brands will continue and flounder, until they come up with something truly amazing, I, for one, wont be holding my breath.

I hope everyone had a great Christmas and New Year, and I wish that 2014 brings you all that you wish for and with the motoring world, a whole host of great new metal for the coming twelve short months.

JON MOWER

3 Jan 2014

MEXICO - Chrysler Group announces December sales across all brands.


  • FIAT brand sales, driven by Fiat 500, up 111 percent during December 2013, marking this its best sales year since its launch
  • Ram Crew Cab increased its sales volume 29 percent during December 2013
  • Jeep® brand sales grew 5 percent, led by Jeep Patriot and Jeep Grand Cherokee; Jeep Cherokee has arrived in dealerships, well accepted
  • Dodge brand sales propelled by Dodge Journey, which registered sales of 1,579 units — its best sales month in the last two years; Dodge Challenger registered sales of 96 units, best sales month ever and Dodge Durango sold 196 units, marking this its best sales month in five years

Chrysler de Mexico announced sales of 10,473 units for the month of December 2013, setting a sales record for the year.
“As the year ends, we feel very proud of what we accomplished. We closed 2013 with our best month of sales for the year. This month our sales were driven by Dodge Journey, Jeep Patriot, Ram Crew Cab and Fiat 500," said Bruno Cattori, President & CEO of Chrysler de Mexico. "Our new product launches, such as Dodge Durango, Jeep Grand Cherokee, Jeep Cherokee and Ram ProMaster, pushed our growth sales for the year. During 2013, we opened the Saltillo Van Assembly Plant and added a production line in the Saltillo North Engine Plant, creating new jobs and demonstrating the confidence the Company has in the products assembled in Mexico. We will continue providing new and revamped products in order to satisfy our customers’ needs.”

Chrysler Brand
Chrysler brand continues to perform well with 520 units sold during December 2013. Chrysler Town & Country sales rose 2 percent. Chrysler 200 sold 112 units during December 2013.

Jeep® Brand
Jeep brand sales grew 5 percent. Jeep Patriot led brand sales with 984 units sold, best sales month of the year. Jeep Grand Cherokee posted sales of 632 units, representing an increase of 15 percent. Jeep Wrangler sales improved 27 percent, all versus December 2012. Jeep Cherokee has had very good acceptance among Mexican customers in its second sales month.

Dodge Brand
Dodge brand continues its streak of successful numbers, posting sales this month of 3,894 units. The Dodge Challenger sold 96 units, best sales month ever, while the Dodge Durango registered a sales increase of 32 percent — its best sales month in 5 years. Dodge Journey sales surged 7 percent versus December 2012, with 1,579 units, marking this its best sales month in two years. Dodge Avenger sales grew 16 percent.

Ram Truck Brand
Ram brand showed sales of 1,371. Ram Crew Cab reported a sales increase of 29 percent, with 503 units sold during December 2013. Ram ProMaster, proudly assembled in Mexico, registered sales of 151 units.

FIAT and Alfa Romeo Brand
FIAT and Alfa Romeo achieved sales of 108 percent, with 1,013 units sold. Fiat 500 reached excellent results with 432 units sold during December 2013. Fiat Ducato sales surged 45 percent. This month, Alfa Romeo Giulietta sales improved 60 percent, marking this its best sales month since its launch.

USA - Chrysler announces December and full year corporate figures.

Chrysler Group LLC Reports December 2013 U.S. Sales Increased 6 Percent – Best December Sales in Six Years; Full-Year Sales Up 9 Percent – Strongest Annual Sales Since 2007

  • 45th-consecutive month of year-over-year sales gains
  • Chrysler Group full-year U.S. sales increase 9 percent in 2013; fourth-consecutive year of annual sales growth
  • Jeep® and Ram Truck brands each post double-digit sales increases in December compared with same month a year ago
  • Jeep brand posts best December sales ever with 34 percent sales gain; brand sets global sales record in 2013
  • All-new 2014 Jeep Cherokee sales top 15,000 units in its second full month of sales; sales up 48 percent compared with previous month of November
  • Motor Trend selects Ram 1500 as its 2014 Truck of the Year; Ram pickup sales up 11 percent in December
  • 2014 Dodge Dart, Dodge Avenger and Chrysler 200 sedans earn Top Safety Pick ratings from Insurance Institute for Highway Safety

Chrysler Group LLC today reported U.S. sales of 161,007 units, a 6 percent increase compared with sales in December 2012 (152,367 units), and the group’s best December sales since 2007.

The Jeep® and Ram Truck brands each posted double-digit percentage sales gains in December compared with the same month a year ago. The Jeep brand’s 34 percent increase was the largest sales gain of any Chrysler Group brand during the month. FIAT brand sales were up 1 percent. Chrysler Group extended its streak of year-over-year sales gains to 45-consecutive months in December.

“Chrysler Group ended the year with a 6 percent sales gain in December and our 45th-consecutive month of year-over-year sales gains,” said Reid Bigland, Head of U.S. Sales. “Our Jeep and Ram Truck brands had a strong finish led by the all-new 2014 Jeep Cherokee and the Ram pickup truck, Motor Trend’s 2014 Truck of the Year. Sales of the new Cherokee topped 15,000 units in December as our newest SUV continues its solid sales performance out of the gate.”

In its second full month of sales, the new Cherokee mid-size SUV recorded sales of 15,038 units, surpassing sales of the Jeep Wrangler. The Jeep brand recorded its best December sales ever. In addition, the Wrangler and Jeep Patriot each recorded their best December sales ever.

Full-year Chrysler Group sales were up 9 percent in 2013, compared with sales during 2012. It was the fourth-consecutive year of Chrysler Group sales growth. The Ram Truck brand, with its 22 percent increase in 2013, had the largest full-year sales gain of any Chrysler Group brand. Chrysler Group realized sales growth in both its car and truck segments during the year. Chrysler Group car sales in the U.S. were up 11 percent in 2013, while truck sales were up 8 percent. The Jeep brand set a global sales record in 2013.

Chrysler Group finished the month of December with a 79 days supply of inventory (508,615 units). U.S. industry sales figures for December are internally projected at an estimated 15.8 million units Seasonally Adjusted Annual Rate (SAAR).

December 2013 U.S. Sales Highlights by Brand

Jeep® Brand

Jeep brand sales were up 34 percent in December, its best December sales ever and the largest percentage sales gain of any Chrysler Group brand for the month. The Jeep brand’s December sales were second only to record sales in July 2005.

Sales of the all-new 2014 Jeep Cherokee were up 48 percent compared with the previous month of November. Jeep brand dealers sold 15,038 units of the new Cherokee during December, its second full month of sales. The Cherokee topped Jeep Wrangler sales in December as it continued its strong sales launch. The Cherokee was crowned the “Best New SUV/CUV Under $35,000” in December by the Automobile Journalist Association of Canada. The new Cherokee bested a quartet of rivals from one of the country’s most popular and hard-fought vehicle segments.

The Wrangler, Jeep Patriot and Jeep Compass each posted year-over-year sales gains in December. The Patriot compact SUV, with its 35 percent increase, logged the largest percentage sales gain of any Jeep brand model in December. Wrangler sales were up 4 percent in December, compared with the same month a year ago. Both the Wrangler and Patriot each posted their best December sales ever.

Ram Truck Brand

Sales of the Ram pickup truck were up 11 percent in December, its 44th-consecutive month of year-over-year sales gains and its best December sales since 2004. Sales of the Ram Heavy Duty pickups were up 16 percent, while Ram Light Duty sales increased 7 percent. Motor Trend selected the Ram 1500 in December as its 2014 Truck of the Year, its first ever back-to-back winner. Nine Truck of the Year contenders were put through an extensive battery of testing designed to evaluate virtually every aspect of each vehicle. The judges were particularly impressed with the performance of the Ram 1500’s all-new EcoDiesel V-6 engine as well as its eight-speed TorqueFlite transmission, a combination that boasts a towing capacity of up to 9,200 pounds. The 3.0-liter EcoDiesel V-6 is among Ward’s 10 Best Engines for 2014.

Ram Truck brand sales were up 17 percent in December compared with the same month a year ago. Sales of the all-new 2014 Ram ProMaster van were up 126 percent, compared with the previous month of November. The ProMaster van went on sale in the U.S. in October. The Ram Commercial Truck division in December announced that it will offer an all-new small van for the North American market. Joining the larger ProMaster as an additional van offering, the 2015 Ram ProMaster City will compete with small commercial and passenger vans.

Full-year Ram Truck brand sales were up 22 percent in 2013, the largest percentage sales increase of any Chrysler Group brand for the year.

FIAT Brand

FIAT brand sales were up 1 percent in December compared with the same month a year ago. The FIAT brand recorded nine months of year-over-year sales gains during 2013. Sales of the new Fiat 500L, which debuted in June, were up 52 percent in December compared with the previous month of November.

The all-electric Fiat 500e Battery-Electric Drive System was among Ward’s 10 Best Engines for 2014 and the lone representative of electric-vehicle technology. The battery-electric drive system in the 500e hatchback delivers the best-in-class range of 87 miles.

Dodge Brand

Dodge brand sales were down 9 percent in December, but full-year sales in 2013 were up 14 percent on strong Dodge Dart, Dodge Durango, and Dodge Challenger sales. Sales of the Durango full-size SUV were up 3 percent in December compared with the same month a year ago, extending its run of year-over-year sales gains to 14-consecutive months. It was the Durango’s best December sales in eight years. Sales of the Dodge Charger were up 29 percent in December.

The 2014 Dart and Dodge Avenger sedans earned Top Safety Pick ratings from the Insurance Institute for Highway Safety (IIHS) in December. The announcement marks the fifth-consecutive year that the IIHS has commended the Avenger mid-size sedan. Meanwhile, the insurance industry organization has hailed the Dart compact sedan each year since it arrived on the market in 2012. The Dodge sedans feature significant advanced-technology steel content, which enhances structural integrity. The Dart’s 68 percent content ratio of high-strength steel is among the highest in the industry. The Dart also boasts a 5-star safety rating based on crash tests performed by the U.S. National Highway Traffic Safety Administration.

Chrysler Brand

Chrysler brand sales were down 21 percent in December, but sales of the award-winning Chrysler Town & Country minivan were up 5 percent compared with the same month a year ago. It was the Town & Country’s best December sales in three years. For the full year, Town & Country sales were up 9 percent in 2013.

Chrysler 200 sedan sales were up 3 percent for the full year, compared with sales in 2012. The 2014 Chrysler 200 mid-size sedan earned a Top Safety Pick from the Insurance Institute for Highway Safety in December, the model’s fourth-consecutive Top Safety Pick from the insurance industry organization.


USA - FIAT agrees terms with UAW to take control of Chrysler Group

FIAT S.p.A. (“FIAT”) today announced an agreement with the VEBA Trust[1], under which its wholly owned subsidiary, FIAT North America LLC (“FNA”), will acquire all of the VEBA Trust’s equity membership interests in Chrysler Group LLC (“Chrysler Group”), representing the 41.4616% of Chrysler Group not currently held by FNA.  The transaction is expected to close on or before January 20, 2014.

In consideration for the sale of its membership interests in Chrysler Group, the VEBA Trust will receive aggregate consideration of U.S. $3,650 million consisting of:

  • a special distribution payable by Chrysler Group to its members, in an aggregate amount of approximately U.S.$1,900 million (FNA’s portion of the special distribution will be paid by FNA to the VEBA Trust as part of the purchase consideration)[2]; and
  • at closing, FNA will pay the remainder of approximately U.S.$1,750 million in cash purchase consideration to the VEBA Trust.
FIAT expects to fund the U.S. $1,750 million in cash from available cash on hand.  Chrysler Group expects to fund the special distribution from available cash on hand.

Contemporaneously with the transactions described above, Chrysler Group and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (the “UAW”) have agreed to a memorandum of understanding under Chrysler Group’s existing collective bargaining agreements to provide for additional contributions by Chrysler Group to the VEBA Trust of an aggregate of U.S. $700 million in four equal annual installments.  The initial payment will be made on closing of the transaction with FIAT and additional payments will be payable on each of the next three anniversaries of the initial payment. Chrysler Group expects to fund the initial contribution to the VEBA Trust from available cash on hand.

In consideration for these contributions, the UAW will agree to certain commitments to continue to support the industrial operations at Chrysler Group and the further implementation of the FIAT-Chrysler alliance, including to use best efforts to cooperate in the continued roll-out of FIAT-Chrysler World Class Manufacturing programs, actively participate in benchmarking efforts associated with implementation of these programs across all of FIAT-Chrysler manufacturing sites to ensure objective performance assessments and provide for proper application of WCM principles, and actively assist in the achievement of the Group’s long-term business plan.

“I have been looking forward to this day from the very moment that we were chosen to assist in the rebuilding of a vibrant Chrysler back in 2009,” said John Elkann, Chairman of FIAT. “The work, commitment and achievement I have witnessed from Chrysler over the past four and a half years is nothing short of exceptional, and I take this opportunity to officially welcome each and every one of the people in the Chrysler organisation to the integrated FIAT-Chrysler world.”

Sergio Marchionne, Chief Executive of FIAT and Chairman and CEO of Chrysler Group, had this to say: “In the life of every major organisation and its people, there are defining moments that go down in the history books. For FIAT and Chrysler, the agreement just reached with the VEBA is clearly one of those moments. I will be forever grateful to the leadership team for the support and unwavering dedication shown to the integration project that today has taken its final shape. The unified ownership structure will now allow us to fully execute our vision of creating a global automaker that is truly unique in terms of mix of experience, perspective and know-how, a solid and open organisation that will ensure all employees a challenging and rewarding environment.”

As part of the transactions, FNA and the VEBA Trust will agree to dismiss with prejudice the current proceedings before the Delaware Court of Chancery with respect to the interpretation of the call option agreement pursuant to which FIAT has, through FNA, exercised three tranches of a call option to acquire membership interests in Chrysler Group held by the VEBA Trust.  All of these membership interests will be acquired by FNA in connection with the transactions described above.

Given the funding arrangements for this transaction, it is not envisioned that FIAT will require equity capital to be raised via a rights issue.

[1] The UAW Retiree Medical Benefits Trust, a Voluntary Employees’ Beneficiary Association, is an independently administered trust established to pay health care benefits for retirees from Chrysler.

[2] In the event that the special distribution from Chrysler Group cannot be paid by the intended closing date (January 20, 2014 or earlier) FIAT intends to make payment to the VEBA Trust of the aggregate consideration and thereafter receive the special distribution when it is the 100% owner of Chrysler Group.

22 Dec 2013

TMW - Merry Christmas and Happy New Year from all at The Motoring World.



As 2013 draws to a close, we can look back on a number of huge stories in the motoring world, The Jaguar F-Type, Corvette Stingray, Viper, the continued dominance of the VAG group and the unsteady state of Peugeot Citroen and the return of DATSUN.

SAAB has made a return, MG continues to fail in the UK, the Chinese have proved they can build great cars, along with a new brand Qoros, the new MkIII MINI, Golf MkVII, FIAT's continued takeover of Chrysler along with the stunning Alfa 4C.

Just a tiny amount of news and its only just the start, 2014 is looking like a massive year for the automotive world, we should get first looks at at least three brand new cars from Jaguar Land Rover, BMW's hybrid sports car the i8, The Bentley SUV, New Lambo SUV, and a number of exciting developments from Mercedes, AUDI, Lotus, Citroen and Nissan, again, just a tiny hint of what is to come.

So, from The Motoring World, thank you for taking a few minutes of your valuable time to have a read of my blog, and all things motoring, and please where ever you are, who ever you are, and what ever you do, thank you and have a great Christmas Holiday and I wish you all a great 2014.
Jon Mower

10 Dec 2013

TMW - Its that time of the month again - UK November sales

JAGUAR

NOVEMBER 2012 1071 sales - NOVEMBER 2013 1017 sales -5.04%
YTD 2012 13055 sales - YTD 2013 15217 sales +16.56%

LAND ROVER

NOVEMBER 2012 3782 sales - NOVEMBER 2013 3806 sales +0.63%
YTD 2012 46094 sales - YTD 2013 51687 sales +8.87%

JAGUAR LAND ROVERS COMPETITORS

BMW

NOVEMBER 2012 9704 sales - NOVEMBER 2013 10307 sales +6.21%
YTD 2012 117355 sales - YTD 2013 124113 sales +5.76%

MERCEDES

NOVEMBER 2012 6671 sales - NOVEMBER 2013 7867 sales +17.93%
YTD 2012 86594 sales - YTD 2013 102837 sales +18.76%

LEXUS

NOVEMBER 2012 443 sales - NOVEMBER 2013 616 sales +39.05%
YTD 2012 8014 sales - YTD 2013 8385 sales +4.63%

AUDI

NOVEMBER 2012 8214 sales - NOVEMBER 2013 9617 sales +17.08%
YTD 2012 118836 sales - YTD 2013 134598 sales +13.26%

RISERS ON PREVIOUS YEAR (YOY CUMULATIVE)

ABARTH +10.75%
CITROEN +6.83%
DACIA +100.00%
FIAT +18.16%
FORD +9.43%
HONDA +2.78%
HYUNDAI +4.99%
KIA +8.87%
LOTUS +56.91%
MAZDA +16.24%
MASERATI +2.71%
MIA +100.00%
MINI +2.34% 
MITSUBISHI +42.43%
NISSAN +11.60%
PEUGEOT +4.72%
PORSCHE +3.40%
RENAULT +10.19%
SEAT +15.85%
SKODA +20.62% 
SUBARU +6.73%
SUZUKI +32.10%
TOYOTA +3.97%
VAUXHALL +10.26%
VOLKSWAGEN +3.99%
VOLVO +1.27%

LOSERS THIS YEAR (YOY CUMULATIVE)

ALFA ROMEO -22.82%
ASTON MARTIN -2.30%
BENTLEY -2.36%
CHEVROLET -13.49%
CHRYSLER -22.89%
INFINITI -25.20%
JEEP -6.72%
MG -44.27%
PERODUA -47.97%
PROTON -90.34%
SAAB -98.71%
SMART -1.80%
SSANGYONG -22.47%

Top 10s

Another great month with a near 10,000 increase on the month and 191,000 so far for the year, and with less than a month to go before we get the full year sales, it is already looking like being a great one, Suzuki, Mitsubishi, Vauxhall and Dacia are definitely the ones that have had a great year, and with Skoda and SEAT already surpassing 2012 sales, both of which were records then, it seems the UK's love of nice new metal on the drive is not going to change any time soon.

As you can clearly see, the top five sales successes in November are also the same as for the year to date, Vauxhall is really turning a corner in the UK after years of losses and sales declines, the amazing offers and lifetime warranty combined with 0% finance is really tempting buyers, will the announcement that Chevrolet, its US sister brand, will pull out of Eastern Europe from 2015, see a change to these offers, I cant see that happening as it is working so well, the ageing Corsa, which is due for imminent replacement is still outselling far newer and cheaper cars.

Chevy have so far sold just over 11,000 cars in the UK this year, a figure they will not repeat, as buyers will leave the brand to go elsewhere, which is where Vauxhall could wring their hands with glee, MG on the other hand, what is happening there, a supposed new car with major advertising across TV, Press and online media, and they sell 75, really, why bother, the MG fan-boys get quite agitated when anything negative is said, but when the truth is told it is bound to hurt.

Jaguar is having an off month with sales slightly lower in November but YTD sales are still way above last year, and in the US a sales figure in excess of 100% increase on the same month last year, with no new products due (F-Type Coupe has been launched but not as yet available), Jaguar will hope to carry on good sales until teh new XS, XF and XJ along with the Q-Type from 2015, and teh new four cylinder engines from Wolverhampton from late 2014/early 2015, Land Rover continues to improve, and like Jaguar have little imminant, 2015 will be another big year for the LR brand with a significant amount of new products being launched.

18 Nov 2013

Fiat Panda 4x4 wins best mini 4x4 award 2014


  • The UK’s best-selling off road magazine “4X4 Magazine” names FIAT Panda 4X4 “Best Mini 4X4” in its 2014 awards
  • Affordable and economical, the FIAT Panda 4X4 is praised by 4X4 Magazine editors not only for its character but also its capability
  • FIAT Panda 4X4 “so nearly” claimed overall victory versus considerably more expensive off-roaders

Britain’s best-selling magazine for off-road enthusiasts, 4X4 Magazine, has named the FIAT Panda 4X4 “Winner Mini 4X4 Class” in its 2014 4X4 of the Year Awards. The FIAT Panda 4X4 not only saw off its direct competition during the award adjudication, conducted at a dedicated and challenging off-road course in Cheshire, it also acquitted itself admirably in the final five-vehicle shootout. In fact, so impressed were the editors of 4X4 Magazine they commented that “overall victory so nearly went to the infectiously cute, riculously capable…FIAT Panda 4X4.”


According to Nigel Fryatt, Editor of 4X4 Magazine, “One of the surprises of this year’s test was just how good the Fiat Panda 4x4 is. We used a test facility that was designed to demonstrate the abilities of far bigger – and much more expensive – vehicles. Allowing for limited ground clearance and power, we still managed to crawl the Panda over and through some significant obstacles. You needed care, and perhaps we took it further than most owners would, but that’s irrelevant. The point is that the Panda 4x4 could do it, with some style.”


Elena Bernardelli, FGA UK Marketing Director, commented: “It is remarkable that 30 years after we launched the original FIAT Panda 4X4 it remains not only a best-seller but also a favourite of the experts. That the FIAT Panda 4X4 can go toe-to-toe with so many luxury off-road vehicles proves that you don’t have to sacrifice capability or practicality in order to reduce your running costs or to do your bit for the environment.”

The FIAT Panda 4X4 is powered either by FIAT’s award-winning 85hp TwinAir turbo petrol engine or a 75hp 1.3-litre MultiJet II turbo-diesel engine. Priced from just £13,995, it offers combined-cycle fuel economy figures of 57.6 and 60.1 MPG respectively, with CO2 emissions of just 114g/km and 125g/km.

7 Nov 2013

TMW - Its that time of the month again, October UK car sales

JAGUAR

SEPTEMBER 2012 845 sales - SEPTEMBER 2013 944 sales +11.72%
YTD 2012 11984 sales - YTD 2013 14200 sales +18.49%

LAND ROVER

SEPTEMBER 2012 3465 sales - SEPTEMBER 2013 3965 sales +14.43%
YTD 2012 42312 sales - YTD 2013 47881 sales +13.16%

JAGUAR LAND ROVERS COMPETITORS

BMW

SEPTEMBER 2012 9959 sales - SEPTEMBER 2013 8493 sales -14.72%
YTD 2012 107651 sales - YTD 2013 113806 sales +5.72%

MERCEDES

SEPTEMBER 2012 6522 sales - SEPTEMBER 2013 8346 sales +27.97%
YTD 2012 79923 sales - YTD 2013 94970 sales +18.83%

LEXUS

SEPTEMBER 2012 504 sales - SEPTEMBER 2013 719 sales +42.66%
YTD 2012 7571 sales - YTD 2013 7769 sales +2.62%

AUDI

SEPTEMBER 2012 9232 sales - SEPTEMBER 2013 10720 sales +16.12%
YTD 2012 110622 sales - YTD 2013 124981 sales +12.98%

RISERS ON PREVIOUS YEAR (YOY CUMULATIVE)

ABARTH +14.85%
CITROEN +7.31%
DACIA +100.00%
FIAT +18.16%
FORD +10.29%
HONDA +3.45%
HYUNDAI +5.94%
KIA +9.83%
LOTUS +38.52%
MAZDA +16.24%
MIA +100.00%
MINI +4.17% 
MITSUBISHI +44.66%
NISSAN +12.18%
PEUGEOT +5.50%
PORSCHE +2.15%
RENAULT +7.26%
SEAT +15.25%
SKODA +19.31% 
SMART +2.90% 
SUBARU +0.76%
SUZUKI +30.40%
TOYOTA +6.38%
VAUXHALL +10.50%
VOLKSWAGEN +4.33%
VOLVO +1.18%

LOSERS THIS YEAR (YOY CUMULATIVE)

ALFA ROMEO -26.05%
ASTON MARTIN -3.30%
BENTLEY -1.77%
CHEVROLET -12.87%
CHRYSLER -23.13%
INFINITI -20.32%
JEEP -10.49%
MASERATI -0.73%
MG -53.74%
PERODUA -44.66%
PROTON -90.10%
SAAB -98.70%
SSANGYONG -24.90%
Oct 13 Car 2d
Again 2013 is looking to beat all expectations, with another month where the full year totals have been revised upwards, the trend is also looking to continue into next year and 2015, with a number of significant new cars due over that period, and offers that continue to attract buyers, I cant see this changing anytime soon.

The same brands as last month, again, shows negatives, with the US manufacturers baring the brunt of the drops in sales over last year, MG with the new MG3 surprisingly sold LESS cars in October than last year, go figure that one out, especially as Motorpoint had another batch of cars registered, next month however will tell if the MG3 is actually selling well or not, and to quantify that, Lotus sold only a few cars less than MG, but that was 1,300% up on last year, with only 2 sold then and 28 now.

A new brand has entered the Frey, >MIA< a French company devoted to producing all electric cars, has registered 5 cars in the UK, mini van like with sliding doors and a central driving position, with some decent stats like, 3 hour charge times, numerous colour options, 100kph top speed, 125km range, and a boast of 10,000kms for the cost of two normal fuel fill ups, it deserves to be looked into, but not in white, it does no favours to the little car in white, however in black with alloy wheels and full leather interior, it does look a little special.

Our favourite two brands, Jaguar and Land Rover, have yet again, posted impressive results, with both brands showing double digit percentage increases for the year to date, and October, BMW had a very poor October, strange considering that they have reasonable new products to sell, Both Jaguar and Land Rover have new metal recently released, and with a significant amount of new products coming on stream in the next few years, JLR's sales can and will only go one way, and that's up, this with new facilities in India and China, new engine plant in the UK near to completion and major expansions either on going or in the planning for its other UK plants, JLR is ready to meet that challenge.

Oct 13 Car chart 1b

Again the usual half dozen are in the top spots, but the Focus in October took a rather large hit, and was beaten by the ageing Corsa, even the not so fresh Astra and Qashqai still are big hitters, and the less than capable Insignia agains draws some big numbers, the new Golf remains a popular buy whilst the visually challenged Juke, Fiat's cute 500 and BMW's 3-Series round out the top ten, the main surprise is that the Diesel market is increasing, in a market where petrol powered cars are now on a par with diesels in a number of models, this along with cheaper fuel and cheaper cars, makes the diesel option less of a draw, yet they are still out selling petrol power.

Jon Mower


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