Category Archives: milestones

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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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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Ally Financial Pays Off Last $4.5 Billion of Debt Issued Under TLGP

The U.S. Treasury, via taxpayers, currently holds about 74% of Ally common equity, and $5.9 billion in mandatory convertible preferred securities, which have a dividend rate of 9%, after a more than $17 billion bailout. Ally at the end of Q3 2012 had about $182 billion in assets, so it increasingly looks like taxpayers have a good chance at getting their money paid back, perhaps turning a profit. Continue reading

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U.S. Treasury Sells Final Shares of AIG Common Stock. Taxpayers Earn $22.7 Billion! More Profits to Come from the Bailout

Along with today’s stock sale, the return to date on the Federal Reserve and Treasury’s combined $182 billion commitment to bailout AIG during the financial crisis is now $22.7 billion. Treasury has now earned a positive return of $5 billion and the Federal Reserve has posted a profit of $17.7 billion. Continue reading

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Fiat to Expand Jeep Sales to India by Late 2013

Fiat will sell Jeep brand vehicles in India by late 2013 as part of a larger business plan to launch nine new or refreshed models under the Fiat and Jeep in the next few years. The first step will be the importation of the existing Jeep Wrangler and Jeep Grand Cherokee models, which will be arrive toward the end of 2013. Continue reading

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Milestones: Honda Builds 1 Millionth U.S. Made Auto for Export

Honda has built a silver 2013 Honda Accord EX-L Sedan that will be shipped to South Korea – the 1 millionth Honda automobile to be exported from the U.S. Continue reading

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GM Sets Annual Sales Record in China with a Record November

With record domestic Chinese deliveries of 260,018 vehicles in November, GM’s sales in 2012 reached 2,593,642 units in the first 11 months, the most ever. Last month’s sales were the highest ever for November and the second highest for any month in GM’s largest market, increasing 9.7% from November 2011. Continue reading

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Chevrolet Volt Owners Surpass 100 Million Electric Miles

General Motors said today that Chevrolet Volt owners collectively have driven more than 100 million all-electric miles since the hybrid went on sale two years ago this month. The average Volt owner travels more than 65% of the time in pure electric mode, using the gasoline-engine generator for longer trips. Continue reading

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Mazda Drops Ford Motor in New Changan Mazda JV in China

Continuing its separation and divorce from Ford Motor Company, Mazda Motor Corporation has announced a new Chinese joint-venture, Changan Mazda, based in Nanjing. The 50:50 corporation with all regulatory approvals is now responsible for all of CFMA’s Mazda-related business, including development, manufacturing, marketing and sales of Mazda-branded vehicles in China. Continue reading

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GM China Expands Advanced Technical Center in Shanghai

Increasingly, sophisticated engineering and development work once done in the U.S. is being shifted to China. Last August, GM began fabricating and testing prototype battery cells and complete systems at the ATC. At the same time, SAIC and Shanghai GM and the Automotive Technical Center opened China’s largest proving grounds. Continue reading

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SAIC-GM-Wuling to Build Third China Complex in Ford’s Chongqing

Chongqing of course is the original home of Ford China and now contains a sprawling manufacturing center. Changan Ford Mazda Automobile (CFMA) last August broke ground for a third assembly plant, Chongqing 3, in China. CFMA has also signed a letter of intent with the Municipality of Chongqing to explore expanding its research and engineering capability in Chongqing. Continue reading

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Milestones: One Million Fiat 500 Cars. EV Comes to California in 2013

The one-millionth Fiat 500 left the Fiat Auto Poland production line. Since its reappearance in 2007, the tiny Cinquecento or 500 has been sold in more than 100 countries – from Italy to Brazil, South Africa to Japan, and the United States to the Middle East – while also being produced in Toluca, Mexico, since 2011 as a requirement for taxpayer funding for fuel efficient cars that was part of the conditions for Chrysler’s bankruptcy bailout. More than 70,000 have now been sold in the U.S. The 500 in its most fuel-efficient manual transmission version is rated at 31 mpg city and 40 mpg highway by the EPA. Continue reading

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Ally Financial Repays $2.9 Billion of FDIC Debt

Ally Financial today announced it has repaid $2.9 billion in debt issued under the FDIC’s Temporary Liquidity Guarantee Program (TLGP). The bank holding company issued this debt on 30 October 2009 with a maturity date of 30 October 2012. The final Ally debt guaranteed under the TLGP will be repaid in December 2012 and totals $4.5 billion. Continue reading

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2014 Corvette Sticks with A Revised LT1 V8 Engine

When Chevrolet Corvette arrives late next year, most of the sports car will be all new, but not the 6.2L V8 engine. The latest Corvette LT1 engine, the first of the so-called Gen 5 family of Small Block engines, combines several advanced technologies, including direct injection for the first time, cylinder fuel shut off and continuously variable valve timing to support an advanced combustion system. Zero-to-60 mph times of less than four seconds are predicted for the base car. The new LT1 is the third engine in the Corvette’s history to be so-named, with previous versions introduced in 1970 (Gen 1) and 1992 (Gen 2). Continue reading

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Milestones: 25 years of Volvo Airbags

The airbag has been a standard feature in all cars for several years now, but in the early days both the technology and its reliability created intense debate with safety advocates and government regulators ignoring the very real problems earlier designs had. The problem in the U.S. was largely caused by Joan Claybrook and other advocates and legislators who sold the idea of the airbag as eliminating the need for unpopular safety belts and belt interlock system.

In spite of extensive crash test data from Ford and General Motors, among others, showing that the regulation proposed in 1984 and effective in 1987 required a too powerful explosion to protect an unbelted 170-pound male without hurting smaller stature people the law went ahead. Regulators and politicians simply ignored the engineers. Dead drivers and passengers, some of them decapitated, were the grisly result until the regulations were rewritten as field results came in – dead on arrival so to speak. Continue reading

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