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Category Archives: news analysis
Treasury and Education Departments Tout Higher Education
A new report released today by the U.S. Department of the Treasury with the U.S. Department of Education looks at the economic case for higher education. The election year maneuvering comes as President Obama calls on Congress to keep interest rates low for the 7.4 million borrowers who are expected to take out subsidized Federal student loans next year. Federal financial aid now represents 55% of all financial aid to undergraduates at two- and four-year institutions. Auto companies are struggling to hire engineers, particularly in electronics and telematics fields. Continue reading
Diesel to Comprise More than 12% of Global Sales by 2018
A new report claims that rising fuel prices and stronger fuel economy regulations will increase demand for diesel vehicles in markets around the world. Sales of diesel vehicles will increase from 9.1 million in 2012 to 12.1 million annually by 2018, with diesels representing 12.4% of all light vehicle sales by the end of that period. Continue reading
U.S. Wins WTO Dispute with China Over Steel Duties
The United States has prevailed in a World Trade Organization or WTO dispute over China’s imposition of anti-dumping and countervailing duties on flat-rolled electrical steel from the United States. The duties affected a substantial amount of United States trade in U.S. steel products. After talks with the Chinese failed to resolve the matter, the WTO established the panel in March 2011. Continue reading
Posted in litigation, milestones, news, news analysis
Tagged auto informed, autoinformed.com, automotive news, china, Ken Zino, steel tariffs, trade deficit, wto
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FAA and NASA Sign Commercial Space Safety Standards Pact
The ‘No Jobs’ Obama Administration is trying to position this as a move to encourage private sector innovation, in-sourcing work to American companies around the development of spaceflight capabilities along with job creation claims no matter how tenuous. Continue reading
Posted in news, news analysis, safety, transportation
Tagged auto informed, autoinformed.com, automotive news, commercial space transportation, dot, faa, Ken Zino, nasa, space exploration
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Honda World’s First Company to Reveal Third-party Validated Estimates of Global CO2 Emissions during Product Use
Honda Motor Company said in Japan today that it is the world’s first mobility company to disclose estimated global CO2 emissions during customer use of its motorcycles, automobiles and power products. The move will likely force other automakers who claim to be green into similar disclosures. A next step could be window or product stickers that list the effects of their use on the environment. Continue reading
Posted in auto news, environment, global warming, news, news analysis, results
Tagged auto informed, autoinformed.com, automotive news, co2, ghg, greenhouse gases, honda, Ken Zino
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Detroit Public Library Opens WW II Production Collection
An extensive collection of documents recording the American automobile industry’s role in WW II is now open to historians and researchers, the Detroit Public Library said yesterday at a press conference in downtown Detroit. Continue reading
New 2013 Ford Escape Enters Production in Louisville Plant
The upgraded plant is in theory capable of making up to six different vehicles at the same time, thus it is Ford’s most flexible U.S. plant. Louisville is also one of 11 Ford facilities in the U.S. that is participating in the Advanced Technology Vehicles Manufacturing Loan Program – in Ford’s case almost $6 billion total – initiated by Congress under the Obama administration, which also put $80 billion into other auto bailouts, including the forced and politically contentious bankruptcies of Chrysler and GM. Continue reading
NHTSA Study Claims Better Design Reduced Crashes, Deaths
The National Highway Traffic Safety Administration today announced that better-designed, safer vehicles have contributed to an overall decline in crashes, deaths and injuries on U.S. roadways. In a new NHTSA report issued today, the agency’s analysis of police-reported crash data estimates that design improvements between the 2000 model year and 2008 cars helped save 2,000 lives and prevented one million occupant injuries in the 2008 calendar year alone. Continue reading
Posted in auto news, news analysis, results, safety
Tagged auto fatalities, auto informed, autoinformed.com, automotive news, Ken Zino, nhtsa
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Taxpayer Funded A123 Systems Claims Breakthrough Battery
A123 Systems (Nasdaq: AONE), a developer and manufacturer of nanophosphate lithium iron phosphate batteries and systems, today introduced Nanophosphate EXT, a new lithium ion battery technology that it claims is capable of operating at extreme temperatures without requiring thermal management. The struggling company said this morning that the new battery chemistry will significantly “reduce or eliminate the need for heating or cooling systems.” Continue reading
Treasury to Sell Preferred Bank Stock Acquired Under TARP
The U.S. Department of the Treasury announced today that it is starting secondary public offerings of the preferred stock it holds in seven so-called CPP institutions (Capital Purchase Program under TARP). The Troubled Assets Relief Program, which injected huge amounts of taxpayer cash into U.S. banks, was sold to the American public as a way to encourage banks to lend money to free up the frozen capital markets. From October 2008 through December 2009, Treasury invested almost $205 billion in 707 financial institutions as part of the federal government’s efforts to help stabilize U.S. financial markets and the economy.
However, some the banks used part of the funds to pay huge executive bonuses, repurchase stock and pay dividends, according to the Government Accountability Office. Now GAO concerns are being raised about the health of the banks remaining in the program. Continue reading
Posted in economy, financial results, news, news analysis
Tagged auto informed, autoinformed.com, automotive news, cpp, gao, Ken Zino, tarp, taxpayer bailouts, treasury
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Penske Automotive Adds a Fisker Dealership in Arizona
Penske Automotive Group is opening the first Fisker dealership in Arizona – Fisker of Scottsdale. The addition of the new Arizona outlet bring to 80 the number of independent retail locations in the US, Canada and Europe selling Fisker EVs. The Karma model is sold through 48 outlets in North America, and will soon be distributed for the first time in China and the Middle East following new retail agreements. Continue reading
Honda Fit EV Rated by the EPA at 118 MPGe, the Highest Ever
The Fit EV’s 20-kWh lithium-ion battery provides the capacity to earn an EPA combined city/highway estimated driving range of 82-miles, meaning the Fit EV on paper and in press releases surpasses the EPA efficiency and range ratings of the Ford Focus Electric (105 MPGe, 76-mile range), Nissan Leaf (99 MPGe, 73-mile range), and Mitsubishi i-MiEV (112 MPGe, 62-mile range). Honda recently settled a class action lawsuit that said in effect that it had overrated the mileage on the Civic hybrid. Continue reading
Five of the Top Ten Sellers Are Now Detroit Three Vehicles
Five of the Top Ten selling vehicles in the U.S. during May came from the Detroit Three as strong pickup truck sales continued and the Chevrolet Malibu and Ford Fusion had solid months. As it has for 30 years, the F-150 led the list, and strong sales of the Chevrolet Silverado allowed it to nudge Honda out of third place with the Toyota Camry still in second place as it was in April. The Dodge Ram also reappeared in the Top Ten for the first time since February. All of the other spots were taken by Honda and Toyota, each with three models in the Top Ten. Continue reading
Posted in auto news, marketing, news analysis, sales
Tagged auto informed, auto sales, autoinformed.com, automotive news, Ken Zino, may sales, results aiada, top ten
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Congressional, Presidential State Voting Maps Now Online
The Census Bureau today released a menu-driven, interactive web page giving users access for any state a series of graphs showing percentages of adults who voted and registered in every congressional and presidential election between 1996 and 2010. Continue reading
Posted in news, news analysis, people, results
Tagged auto informed, autoinformed.com, automotive news, census bureau, Ken Zino, voting maps, voting trends
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GM Pension Buyout Financial Engineering or Coup?
General Motors announced that it would offer lump-sum buyouts to 42,000 retired salaried employees while 76,000 others would have their pensions transferred to The Prudential Insurance Company of America, which would take over the GM white-collar plan. Continue reading
Posted in auto news, financial results, insurance, news, news analysis, results
Tagged auto informed, autoinformed.com, automotive news, gm pensions, Ken Zino, pension buyouts, pensions, prudential
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