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Monthly Archives: April 2011
General Motors to Build New Chevrolet Malibu in Korea
Korea ranks at the very bottom — 30 out of 30 among the largest automotive markets — for auto import market access. The average among major developed economies is approximately 40% market penetration by imported automobiles, but in 2006 in Korea, the total of import vehicles from all global manufacturers in all countries entering the Korean market was around 3.6%. This is about 40,000 vehicles in a market that buys roughly one million vehicles annually. Continue reading
Gasoline Prices Rise for Fifth Straight Week, Diesel Price Falls
The U.S. average retail price of regular gasoline increased three and a half cents from last week to $3.88 per gallon, according to the U.S. Energy Information Administration.
This is $1.03 per gallon higher than last year at this time and is the highest price in April since the Energy Information Administration began tracking weekly data in 1990. Continue reading
Treasury Secretary Defends $80 Billion Auto Bailout, Says 90,000 Jobs Added in Strongest Growth Period in Decade
“For the first time since 2004, all three American automakers have an operating profit. And since GM and Chrysler emerged from bankruptcy in June 2009, the industry has added nearly 90,000 jobs—the strongest period of job growth in more than 10 years,” Geithner said. Continue reading
Daimler Group Q1 Sales up 15%. Profit Jumps to €1,180 million
“We achieved excellent earnings in the first quarter. This puts us well ahead of our planning and confirms our positive outlook for the year 2011,” stated Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. Zetsche did not provide specifics, though. Continue reading
Korean Hyundai Motor Profit up 46% in Q1
Hyundai Motor Company said today in a regulatory filing that profits jumped 46% in Q1 as sales were up 21% to 18.23 trillion Korean Won on a consolidated basis. South Korea’s largest automaker benefited from strong sales in China, Europe and the U.S., as competing Japanese automakers struggled with production disruptions because of the Japan earthquake. Continue reading
Posted in auto news
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, Hyundai q1, hyundai results, Ken Zino, korea, q1 results, zino
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Honda Q4 Profit Drops as Yen and Earthquake Shake Results
Honda Motor Company said today in Japan that profits plunged 38% to ¥44.55 billion (~$547 million) in the current fourth quarter as a result of the Japan earthquake and ongoing appreciation of the Japanese Yen. Honda’s net profit in Q4 … Continue reading
2012 Corvettes at More than 1.1g Lateral Acceleration!
Chevrolet announced today that its high-performance 2012 Corvette Z06 and ZR1 models will debut this July with optional Michelin tires that are capable of more than 1.1g in lateral acceleration, the highest ever for the sports car. Continue reading
50,000 Died from “Occupational Diseases” and 4,340 Worker Deaths on Job in 2009, Latest AFL-CIO Report Says
Workplace safety has improved in the 40 years since the Occupational Safety and Health Act was passed, but many workers remain at risk, according to the AFL-CIO. In a new report, “Death on the Job: The Toll of Neglect,” the … Continue reading
Chrysler to Repay Loans with New Debt. Fiat to Up Stake to 46%. Credit Ratings under Review for Possible Downgrade?
Chrysler Group will repay the loans provided from the U.S. Department of the Treasury and the Canadian federal and Ontario governments by June. Continue reading
U.S. Motorcycle Sales Rise During the First Quarter
Motorcycle sales among major brands rose 7.2% in the first quarter of 2011 compared to the same period last year, according to the Motorcycle Industry Council. Not surprisingly the “inexpensive” scooter segment saw the biggest gain, up nearly 50%. Sales … Continue reading
Don’t Run a Gas Tank Dry – It Can Cost More than $4 Gallon
It’s a bad strategy, particularly if you run out of gas and get stranded. Here your problems and expenses might just be beginning as costly repair bills can ensue. Continue reading
Toyota Motor and WiTricity Form Wireless Charging Alliance
Toyota Motor Corporation (TMC) said today in Japan that it has entered into a technology sharing agreement with U.S. based WiTricity Corporation. The world’s largest automaker will explore the practical application of automotive wireless charging systems and the promotion of … Continue reading
Porsche Posts 13% Sales Increase in Q1, €496 million Profit
Porsche AG in Stuttgart said today that during the first three months of the 2011 financial year sales were up 13% to 23,442 vehicles compared to the year before. As a result, the German luxury vehicle maker said that Q1 … Continue reading
Posted in auto news
Tagged 911, auto informed, auto news, autoinformed, autoinformed.com, automotive news, boxster cayenne, cayenne, Ken Zino, Panamera, Porsche results, q1 results, results, zino
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Why “Green” Alternative Vehicle Sales Will Remain Limited
To veterans of the automotive ecological wars, the conclusions of the J.D. Power and Associates 2011 U.S. Green Automotive Study released today are, numbingly, familiar. For most consumers cost is the not so invisible hand that drives a free market – even a semi-free one with lavish taxpayer subsidies in place in an attempt by the government to mandate technologies. Continue reading
Posted in auto news
Tagged 2011 U.S. Green Automotive Study, adam smith, alternative powertrain vehicles, auto informed, auto marketing, auto news, autoinformed, autoinformed.com, automotive news, EVs, green machines, hybrid vehicles, j.d power, Ken Zino, mike vannieuwkuyk, plug-in hybrids, taxpayer subsidies, zino
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Renault Group Reports +15% Revenues, Record Sales in Q1
Ghosn reaffirmed the company’s €500 million cash flow target for 2011, but because of uncertainties caused by the Japan earthquake and ongoing production stoppages, Ghosn refused to increase his forecast for the year even though Q1 sales was well ahead of plan. The ongoing forecast simply says the both sales and revenues will increase in 2011. Continue reading
