Category Archives: news analysis

Mazda and Fiat Sign Agreement for New Alfa Romeo Roadster

Mazda Motor Corporation and Fiat Group Automobiles S.p.A. announced today the formal signing an agreement that will have Mazda produce a convertible two-seater sports car for Fiat’s Alfa Romeo brand at its Hiroshima, Japan plant starting in 2015. Continue reading

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Nissan Cuts Leaf EV Price by $6400 on U.S.-Assembled Model

Nissan announced that pricing for the 2013 Leaf electric vehicle starts at $28,800 for the newly-added S grade – think SALE – making it the lowest priced five-passenger electric vehicle sold in the United States. The least expensive 2012 Leaf had a starting price of $35,200 without taxpayer subsidies. Nissan CEO Carlos Ghosn’s 20,000-unit sales target for the Leaf in 2012 was missed by 50%, and fewer than 10,000 were also sold in 2011. He previously said electric vehicles would account for 10% or more of global auto sales by 2020, a prediction that is viewed as fantasy by other automaker CEOs. Continue reading

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General Motors Declares Dividend on Preferred Stock

General Motors (NYSE: GM) today announced that its Board of Directors has approved a quarterly dividend of $0.59375 per share on its Series B mandatory convertible junior preferred stock. The dividend (4.75% annually) is payable 1 March 2013 to Series B holders of record as of 15 February 2013. The dividend on the hybrid stock – a mixture of stock and debt – is cumulative. GM has not paid a dividend on its common stock since 2008 before it entered bankruptcy. Continue reading

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2014 Corvette Sting Ray Builds on C6 with a new 7-Speed Manual, Cylinder Deactivation for a Front Engine, Rear-Drive V8 Sports Car

Seven better be a lucky number for the 2014 Chevrolet Corvette. The so-called C7 – for the seventh generation of the fabled – and now fading – All-American sports car is an attempt to revive interest in what might be a dissolving market, the 2-seat, front engine, rear drive American sports car. Continue reading

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Maserati, Lamborghini End Business Activities in Iran

Both Maserati and Lamborghini have ended business activities in Iran after the pressure group UANI protested their presence in the outlaw nation. This means that Fiat, Maserati’s owner, now joins the growing list of auto companies that have pulled out of Iran. Hyundai, Porsche, and Kia have also withdrawn from Iran during the past year. Continue reading

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Ford Motor Doubles Quarterly Dividend for Q1 2013 to $0.10

Ford Motor Company declared a first-quarter dividend of $0.10 per share on the company’s outstanding Class B that the family controls as well as common stock. This doubles the $0.05 dividend paid in each quarter of 2012. Continue reading

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2012 Record Year for U.S. Hybrid Sales, But EVs Remain Insignificant

The U.S. auto industry posted a record year for hybrid sales during 2012 as almost 500,000 hybrids were sold, or 3.4% of the overall new vehicle market. Continue reading

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EPA Hydraulic Fracking Study Now Due in Late 2014

The U.S. Environmental Protection Agency or EPA said in a “progress report” that the outlines for a study on hydraulic fracking, aka fracturing, are now complete. EPA emphasized though that it has not drawn conclusions about the potential impacts of controversial hydraulic fracturing on drinking water resources, which will be made in the final study. Continue reading

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Highway Deaths at Lowest Level in 60 years

“Even as we celebrate the progress we’ve made in recent years, we must remain focused on addressing the safety issues that are continuing to claim more than 30,000 lives each year,” said NHTSA Administrator David Strickland, whose agency apparently did not eliminate any regulations during 2012 is spite of plunging highway deaths. Continue reading

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Offshore Brands Led by the Japanese Capture 55.5% of the U.S. Auto Market in 2012 as the Detroit Three Lose Market Share Gained in 2011

In what turned out to be the best auto sales year since pre-Great Depression 2007, offshore brands captured 55.5% of the U.S. auto market, while the Detroit Three brand lost ground and held only 44.5% of the market. Continue reading

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General Motors U.S. Sales Slow in December. Market Up

General Motors posted the company’s highest December sales in five years, as well as its best retail month during all 2012, with deliveries up 5% to 245,733 vehicles year-over-year. Nevertheless, it wasn’t enough to keep up with the rate of growth in the overall market of 9% as big months from Toyota (+9%) and Honda (+26%) skewed the data a bit. Some of the Japanese gains were explained by the recovery from the tsunami and earthquake disasters and ensuing production disruptions more than a year ago, but not all. “Not all” is the question that should be much on the minds of GM executive this year, which will see an ongoing jobless recovery and a battle royal in the marketplace. Continue reading

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Top Ten Auto Stories of 2012

While it’s the job of historians to accurately weigh and assess events years after the fact when more documents, memoirs, special pleadings and perspective are available, journalists staring down a deadline have no such option. Here is AutoInformed on the significant automotive related stories of the 2012 year, with our wry awareness, as always, that columnists conduct their education in public. Continue reading

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Toyota Settles Lawsuits for $1.1 Billion and Will Modify Millions of Vehicles with Electronically Controlled Gas Pedals to Stop Runaways

In an engineering lapse of monumental consequences that included several deaths, the computer programming on affected vehicles when confronted with both brake and accelerator inputs did not favor the brake input for its electronic engine controls. Such over-ride software is in widespread use at other automakers. Continue reading

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Bosch follows Automakers into Russia as Market Booms

The irony here is that Bosch opened it first sales office in Russia during 1904 under the Kaiser and the Czar. Certain political disputes resulted in devastating wars and revolutions during the next decade that changed the ruling orders in both Germany and Russia, among other places with future dire consequences. That is history. We are now talking about the wealth creation of that the automobile industry makes possible. Continue reading

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GM and PSA Peugeot Citroën to Develop New Gas Engines

PSA Peugeot Citroën and General Motors are expanding the scope of their alliance announced earlier this year to include a new line of small gasoline engines developed from PSA’s small gasoline engine program known as the EB engine. Continue reading

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