Category Archives: news analysis

Kia Adds Carfax Vehicle History Reports to Used Cars

Posted on 24 October 2011 by Ken Zino

Kia’s decision means that 32 manufacturer brands that have chosen Carfax for their Certified Pre-Owned vehicles. Continue reading →

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All Honda Plants at Full Production Post Earthquake

Posted on 24 October 2011 by Ken Zino

Honda Manufacturing of Indiana, HMIN, today began a second production shift for the first time, which increases output at the plant to its full annual capacity and adds approximately 1,000 new associates to Honda’s operations in Indiana. HMIN opened in 2008 just as the global auto markets were collapsing due to the financial crisis caused by the reckless practices of Wall Street firms, banks and rating agencies. Continue reading →

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Standard & Poor’s Raises Ford Motor to Highest Junk Level, Credit Watch Removed after No Cost Increase UAW Contract

Posted on 23 October 2011 by Ken Zino

Standard & Poor’s Ratings Services has raised its corporate credit rating on Ford Motor and Ford Motor Credit to ‘BB+’ from ‘BB-‘. This is just one notch below investment grade. Ford bonds have been appropriately rated as “junk” since 2005, … Continue reading →

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Japan Auto Industry to decline 14% in 2011 JAMA Predicts

Posted on 21 October 2011 by Ken Zino

Total demand for passenger cars and commercial vehicles in Japan for calendar year 2011 will be 4.25 million units, down 14.2% from the previous year, according to the Japan Automobile Manufacturers Association – JAMA, which has now its first official forecast since December of 2010. Continue reading →

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NADA Chairman Announces New Economic Study about Automakers Forcing New Car Dealership Improvements

Posted on 20 October 2011 by Ken Zino

“Each year dealers collectively invest billions of dollars in facility upgrades, much of it mandated by the auto manufacturers,” said Stephen W. Wade, chairman of the National Automobile Dealers Association while speaking to the Automotive Press Association in Detroit. In normal times this would be a classic dealer versus automaker squabble. However, with consumers strapped, long term unemployment at record Great Depression highs and the economic recovery tenuous at best – if it is occurring at all – the affordability of new vehicles is at stake.

Continue reading →

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Ford UAW Workers Ratify 4-Year No Cost Increase Contract

Posted on 19 October 2011 by Ken Zino

The Ford UAW agreement is based of Ford’s promise to add another 5,750 new jobs and invest what’s said to be $16 billion to produce new models and revised vehicles and components by 2015. About $6.3 billion will be invested directly into retooling U.S. plants.

Ten years ago the there were more than 102,000 UAW jobs at Ford. Today there are 40,000. As is the current management practice in the ailing U.S. economy, the jobs claim includes so called “retained jobs,” as well as some new ones. Continue reading →

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General Motors China Sales Top 2 Million. Again!

Posted on 18 October 2011 by Ken Zino

For the second time in its history, General Motors has sold more than 2 million vehicles in China in a calendar year, reaching the milestone this week. China has been GM’s largest market for the past two years where it is the Number One automaker. GM is on track to sell 5 million vehicles in China by 2015. And it might just be a question of time before Chinese companies mount a takeover of GM via its publically traded stock, and move GM headquarters to Shanghai, where GM China already has substantial space in a huge office tower. Continue reading →

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EU Car Sales Still trending Down for Fourth Straight Year

Posted on 18 October 2011 by Ken Zino

During the first nine months of 2011, 10,121,423 new cars were registered in the region, or 1.1% less than in the same period a year ago. Fiat, the owner of Chrysler, Ford and General Motors are all struggling to keep their European operations viable as all are losing market share. Continue reading →

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2012 Honda Insight Hybrid Ups Fuel Economy at Under $20,000

Posted on 18 October 2011 by Ken Zino

Honda’s latest attempt to catch Toyota Prius, the undisputed hybrid sales leader, results in an updated 2012 Insight hybrid with revised exterior and interior styling, as well as an improved EPA fuel economy rating of 1 mpg. The new Insight’s city/highway/combined EPA fuel economy rating of 41/44/42 mpg, is up from 40/43/41 on the outgoing Insight hybrid model.

More significant is the price as Insights are just now arriving in dealerships. Honda continues to offer the highest EPA fuel economy rating of any new vehicle currently available with a Manufacturer’s Suggested Retail Price (MSRP) starting under $20,000, which is really $19,120 for the base Insight delivered, plus state and local taxes. Continue reading →

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New EPA Grants Go to Universities for Black Carbon Research

Posted on 18 October 2011 by Ken Zino

Black carbon – including diesel powered vehicle emissions – can affect the climate in the near term, and as with other types of fine particles, can cause serious health effects such as cardiovascular and respiratory ailments. Fine particles have also been strongly linked to lung cancer. Continue reading →

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Chevrolet and Nissan Succeed with Plug-in Hybrids and EVs as the Business of Plugging In Shows First Product Results

Posted on 17 October 2011 by Ken Zino

Success is the verdict about one year after the Chevrolet Volt plug-in hybrid and Nissan Leaf EV (electric vehicle) both went on sale, it was revealed last week at the third annual Business of Plugging In Conference in Michigan. And with Cadillac, Ford, Toyota about to introduce the their own plug-in hybrids, and a pure EV version of the tiny Chevrolet Spark coming in 2013, the small niche of electric cars has the chance to grow some more. Continue reading →

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U.S. Budget Deficit Officially at $1.299 Trillion in FY 2011

Posted on 17 October 2011 by Ken Zino

The so-called Super Committee is already gridlocked over how to decrease the budget deficit, and that very likely means nothing will be done about the deficit until after the 2012 elections as both parties in a dysfunctional Washington maneuver for election advantages. Continue reading →

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President Obama and South Korean President Lee Defend Korean FTA at a Michigan General Motors Small Car Plant

Posted on 14 October 2011 by Ken Zino

President Barack Obama and South Korean President Lee Myung-bak toured the General Motors Orion Assembly Plant on Friday and spoke to several hundred workers and guests in support of the pending U.S-South Korean Free Trade Agreement. The rally came as U.S. long term unemployment remain at record post Great Depression levels. Korea is the fifth largest producer and fourth largest exporter of motor vehicles in the world, and – up to now – its car market has been closed. Continue reading →

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Pelican Oil Refinery Guilty of Clean Air Act Crimes in Louisiana

Posted on 13 October 2011 by Ken Zino

If the court sentences according to the terms in today’s plea agreement, Pelican will pay $12 million in criminal penalties, including $2 million in community service payments that will go toward various environmental projects in Louisiana, including air pollution monitoring. This would mark the largest ever criminal fine in Louisiana for violations of the Clean Air Act. Continue reading →

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U.S. Automakers Push for Single EV Fast Charging Standard

Posted on 12 October 2011 by Ken Zino

Audi, BMW, Daimler, Ford, General Motors, Porsche and Volkswagen agreed to support a harmonized single-port fast charging approach for use on electric vehicles in Europe and the United States. Noticeably absent thus far is Nissan, arguably the leader in EV’s along with Alliance Partner Renault. Continue reading →

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