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Category Archives: news analysis
Chrysler May U.S. Sales Up 10% as Retail Sales Soar 27%
Chrysler Group, the weakest of the Detroit Three, today reported U.S. sales of 115,363, a 10% increase compared with sales in May 2010 and the best May sales since 2008. The strong results came as larger Ford and General Motors posted flat sales year-on-year. Continue reading
Ford May Sales Flat in U.S. as Retail Sales Rise 5%
Ford Motor Company sales in May were 192,102, the same as one year ago as the economy stalled. Retail sales were up 5% and fleet sales were down 8%. Year-to-date, total Ford Motor sales were 878,600, up 12%. Continue reading
Posted in auto news, economy, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, ford may results, ford results, Ken Zino, results, sales results, u.s. sales
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Automakers Cut Incentives on Small Cars as Fuel Prices Rise
U.S. consumers already embattled by a weak economy and record high fuel prices for the month of May can add another worry to the list – automakers have drastically cut incentives on small, fuel efficient cars. Continue reading
U.S. Oil Imports Declining Since 2005 Peak. It’s Not All Good
There are several problems with the imported oil numbers since oil is mostly imported as crude, an unrefined product, but is consumed as a refined product. In between there is refinery gain – yes, gain – whereby more comes out of the process of splitting heavier oils into lighter ones. Continue reading
Japan Auto Production, Exports off More than 60% in April
The economic destruction is mounting. The total value of automobiles exported for April 2011 was $5,913.446 million – $2,696.405 million for vehicles and $3,217.041 million for parts. This is a decrease of $5,523.561 million or 48 % as compared with $11,437.007 million recorded for the same month of the previous year. Continue reading
Chrysler Pays Back Taxpayers. Fiat Now Firmly in Control
The historic bailout differs this time around in what’s left and more importantly who owns it – along with the familiar, nagging question, can Chrysler make it? The new Chrysler Group is now firmly, irrevocably in the hands of Fiat, an Italian multinational firm, which has a global fight in front if it as it too competes to survive in an automobile business dominated by much stronger competitors. Continue reading
Posted in auto news, economy, news analysis, results, transportation
Tagged auto bailouts, auto bankruptcies, auto informed, auto news, autoinformed, autoinformed.com, automotive news, car czar, chrysler, Chrysler bankruptcy, geithner, general motors, iacocca, Ken Zino, marchionne, obama, overhaul, steven rattner
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Toyota Recall Study Finds Adversarial Relationship with NHTSA
The Quality Report, since it was paid for by Toyota, has already come under attack for bias from organizations linked to product liability lawyers. Nonetheless, the Report describes Toyota’s attitude toward federal safety regulators as “adversarial.” Unintended acceleration or stuck gas pedal problems are implicated in thousands of incidents and more than 90 alleged deaths. Continue reading
Posted in auto news, fools 'n frauds, litigation, news analysis, quality, safety, transportation
Tagged auto informed, auto news, auto safety, autoinformed, autoinformed.com, automotive news, Ken Zino, nhtsa, north american quality advisory panel, toyota quality, toyota safety, unintended acceleration
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Honda Recalls New Civic for Fuel Leaks in Latest Quality Gaffe
Toyota of course was ultimately assessed record civil fines by the U.S. National Highway Traffic Safety Administration last year for its failure to promptly recall all of the vehicles affected by deadly unintended acceleration or stuck gas pedal problems. The “Toyota effect” now looms large over the auto industry since no automaker wants to be charged with a safety defect coverup. Continue reading
Chrysler to Pay off $7.5 Billion in U.S., Canadian Bailout Loans
It is primarily the interest on government loans – $1.23 billion – that prevented Chrysler from earning a profit during 2010 and resulted in an overall loss for the year of $652 million. So decreasing interest rates should improve earnings, a necessary precursor for the public offering of Chrysler stock later this year or early next. Continue reading
Chevrolet Volt Plant to Shut for Upgrade. Shortages Coming?
Potential Volt shortages are occurring at a time when a debate is underway – inside GM and out – about just how large the demand is for the Volt, which starts at $42,000 and has the fuel economy (but less interior space) than numerous compact cars, including Chevrolet’s own Cruze… Continue reading
Posted in auto news, electric vehicles, marketing, news analysis, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, chevrolet volt, electric vehicles, green vehicles, hamtramck, hybrid vehicles, Ken Zino, opel ampera, volt, volt shortages
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AAA Asks Congress Yet Again to Pass “Right to Repair Act”
Dealerships used to thrive on automaker-paid warranty repairs, paid for by the factory at reduced labor rates. In order to compensate technicians for this factory dictated lower rate, dealers charged higher rates for non-warranty parts and repairs. In effect, car owners were subsidizing the cost of poor quality at automakers if they went to a factory store. Continue reading
Posted in aftermarket, auto news, news analysis, transportation
Tagged aaa, aftermarket, auto informed, auto news, auto repair, autoinformed, autoinformed.com, automotive news, ftc, h.r. 1449, Ken Zino, nada, right to repair
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Big Oil has Big Day in U.S. Senate as Tax Breaks are Intact
Energy industry tax breaks will not however go away as a contentious political issue anytime soon with a soaring U.S. budget deficit that now requires borrowing 41 cents of every dollar spent, and gasoline prices at $4-$5 a gallon making voters angry. Continue reading
