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Honda Drops Takata, Parts Company Fined by US Regulators | Autoblog Minute

US regulators hit Takata with a substantial fine and Honda drops the embattled supplier. Autoblog's Adam Morath reports on this edition of Autoblog Minute.

Japan could consolidate to three automakers by 2020

Sergio Marchionne might see his dream of big mergers in the auto industry become a reality, and an analyst thinks Japan is a likely place for consolidation to happen. Takaki Nakanishi from Jefferies Group LLC tells Bloomberg the country's car market could combine to just three or fewer major players by 2020, from seven today. "To have one or two carmakers in a country is not only natural, but also helpful to their competitiveness," Nakanishi told Bloomberg. "Japan has just too many and the resources have been too spread out. It's a natural trend to consolidate and reduce some of the wasted resources." Nakanishi's argument echoes Marchionne's reasons to push for a merger between FCA and General Motors. Automakers spend billions on research and development, but their competitors also invest money to create the same solutions. Consolidating could conceivably put that R&D money into new avenues. "In today's global marketplace, it is increasingly difficult for automakers to compete in lower volume segments like sports cars, hydrogen fuel cells, or electrified vehicles on their own," Ed Kim, vice president of Industry Analysis at AutoPacific, told Autoblog. Even without mergers, these are the areas where Japanese automakers already have partners for development. Kim cited examples like Toyota and Subaru's work on the BRZ and FR-S and its collaboration with BMW on a forthcoming sports car. Honda and GM have also reportedly deepened their cooperation on green car tech. After Toyota's recent buyout of previous partner Daihatsu, Nakanishi agrees with rumors that the automotive giant could next pursue Suzuki. He sees them like a courting couple. "For Suzuki, it's like they're just starting to exchange diaries and have yet to hold hands. When Toyota's starts to hold 5 percent of Suzuki's shares, this will be like finally touching fingertips," Nakanishi told Bloomberg. "I absolutely do believe that we are not finished seeing consolidation in Japan," Kim told Autoblog. Rising development costs to meet tougher emissions regulations make it hard for minor players in the market to remain competitive. "The smaller automakers like Suzuki, Mazda, and Mitsubishi are challenged to make it on their own in the global marketplace. Consolidation for them may be inevitable." Related Video:

The Tartan Prancer is a 21st Century Wagon Queen Family Truckster

Have you heard of the Tartan Prancer? If you've been keeping up with the Vacation movie reboot, you have. The original flick from 1983 introduced us to the Wagon Queen Family Truckster, a George Barris-designed send-up of American motoring that almost immediately became a legend. For the Vacation reboot, the Prancer is the new Truckster, and it looks like underneath all that awfully wavy bodywork there was once a Toyota Previa minivan. Whereas the Truckster's unique feature set was mainly wood paneling and way too many headlights, the Prancer loads up on the kinds of features the 21st century buyer has to have, like a martini glass holder outside the vehicle, a gas tank, a diesel tank, and a plug to charge something, and four side mirrors. Inside, there's a drinking fountain. The video above is the Albanian spoof ad for the Prancer. It's in Albanian, but you don't need to speak that glorious language to understand the ad. It's a lot funnier than the actual movie clip showcasing the Prancer, which you'll find in the video directly below. The second video below is Edmunds' Carlos Lago doing a thorough comparo with the Tartan, the so-called "Honda of Albania," on one side and a real Honda Odyssey on the other. The movie comes out July 29 in the US. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Auto Express, JoBlo Movie Trailers, Edmunds.com via YouTube TV/Movies Honda Minivan/Van Special and Limited Editions Videos vacation toyota previa