Category Archives: results

Ford WHQ Fire Delays Sales Data

Posted on 1 November 2016 by Ken Zino

Ford expects to announce October U.S. sales results later this week with a news release and an 8-K filing once full reporting becomes available. Continue reading →

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ExxonMobil Under Scrutiny for Its Climate Change Propaganda

Posted on 28 October 2016 by Ken Zino

In a disturbing development with broad First Amendment implications, ExxonMobil is lashing out against the Union of Concerned Scientists (UCS) and others – in the words of UCS, “who feel they are holding them accountable for their decades of deception.” Continue reading →

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Toyota to Sell Fuel Cell Buses in Japan Next Year

Posted on 28 October 2016 by Ken Zino

Toyota has released the Mirai FCV, while also engaging in the technological and product development of FC buses, fuel cell forklifts, as well as stationary fuel cells for use in homes. Continue reading →

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Diesel Emission Fraud Charges Hit Volkswagen Group Profits

Posted on 27 October 2016 by Ken Zino

Gentlefolks Chief Financial Officer Frank Witter said, “The impact of the diesel issue, in particular, required a systematic, disciplined approach to investments and costs. But further significant improvements in productivity and profitability are needed across the whole Group.” Continue reading →

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U.S. October Vehicle Sales Forecast Down – Again

Posted on 26 October 2016 by Ken Zino

The biggest loser appears to be diesel-emission fraud enmeshed VW/Audi, dropping to 39,645 units or -17.6% year-over-year. Other big losers are Ford Motor and FCA – aka Chrysler – with more than -10% declines in an industry that is forecast to be off by -6.8% year-over-year. Continue reading →

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Penske Automotive Reports Record Q3 Results

Posted on 26 October 2016 by Ken Zino

Our business continued to perform well in the third quarter, producing another quarter of record results despite the translation effects from foreign currency headwinds,” said Penske Automotive Group Chairman Roger S. Penske. Continue reading →

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U.S. Court Grants $14.7 Billion Plea in VW Diesel Fraud Case. Criminal Charges, Fines, Stockholder Lawsuits Outstanding

Posted on 25 October 2016 by Ken Zino

U.S. District Judge Charles Breyer today approved a $14.7 billion partial Consent Decree plea deal between Volkswagen, the California Air Resources Board (CARB), the Environmental Protection Agency (EPA), the U.S. Department of Justice (US DOJ) and the U.S. Federal Trade … Continue reading →

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General Motors Sets Q3 Net Earnings Record of $42.8 Billion

Posted on 25 October 2016 by Ken Zino

General Motors Co. (NYSE: GM) today announced record third-quarter earnings and revenue because of profitable U.S. retail sales and strong sales in China. Continue reading →

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2016 Reliability Study – Ford F150 Not Recommended

Posted on 24 October 2016 by Ken Zino

Fiat-Chrysler continue to be a depressing example of Detroit’s lack of quality or care for its customers. The Fiat 500L, the most defect-prone new car for the past two years, is now only the seventh-most troublesome. No Fiat or Ram vehicle managed even an average reliability rating. Continue reading →

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Ahead of Q3 Earnings GM Declares 38-Cent Dividend

Posted on 24 October 2016 by Ken Zino

GM reports Q3 results tomorrow. The stock, like that of Ford Motor, continues to languish in the $37 range. Analysts are concerned about GM’s almost complete reliance on the sales of trucks and SUVs in North America to make money. Continue reading →

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September Used Vehicle Market Sees Prices Falling

Posted on 21 October 2016 by Ken Zino

The September U.S. used vehicle market saw depreciation climb and prices drop 3.6%, making the month’s performance the largest decline recorded in 2016 thus far. Continue reading →

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September Used Vehicle Market Sees Prices Falling

Posted on 18 October 2016 by Ken Zino

The September U.S. used vehicle market saw depreciation climb and prices drop -3.6%, making the month’s performance the largest decline recorded in 2016. Continue reading →

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Ford Motor Declares Q4 15-Cent Dividend

Posted on 13 October 2016 by Ken Zino

Ford set record earnings during 2015 but its stock – trading in a 52-week range of $11.02 – $15.84 – continues to languish as investors remain wary of the company. Its recent performance and attacks from non-taxpaying Donald Trump, aka serial sexual assaulter of females, hasn’t hel Continue reading →

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GM China Sets September Record at 343,773

Posted on 10 October 2016 by Ken Zino

This was up 16% year-over-year. Cadillac set an all-time record for monthly deliveries at 12,539, +63%. (Audi sold 49,154 in August) Continue reading →

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China, U.S. Increase Cadillac September Sales

Posted on 5 October 2016 by Ken Zino

Cadillac sold 30,061 vehicles globally in September, an increase of 22%. This is the fourth consecutive month of double-digit increases. Continue reading →

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