Category Archives: results

Ally Bailout Terms Met – Allowing for Common Dividends

Posted on 17 November 2015 by Ken Zino

This removes the restriction on Ally of offering common equity distributions. Ally’s stated objective is to pay a dividend and start a share repurchase program in 2016. Continue reading →

Posted in financial results, milestones | Tagged , , , , | Leave a comment

NADA Says 17.7 Million US New Vehicle Sales in 2016

Posted on 17 November 2015 by Ken Zino

Szakaly observed that the industry is now seeing the end of “pent up demand” that came about during the Great Recession when annual car sales from 2009-2013 were less than 16 million units. Continue reading →

Posted in sales | Tagged , , , | Leave a comment

EU Sales Grow in October as Rate Slows

Posted on 17 November 2015 by Ken Zino

EU sales of passenger cars during October at 1,104,868 units kept growing, albeit at a slower rate of +2.9%. This is the 26th consecutive month of increases. Continue reading →

Posted in sales | Tagged , , , , | Leave a comment

BMW, Deezer Expand Audio Choices

Posted on 10 November 2015 by Ken Zino

There is no limit on either the number of tracks selected or the data volume required. Moreover, when traveling outside Germany – in France, Italy, the Netherlands, Spain or the UK – drivers have online access to everything the music services offer without incurring additional international fees or roaming charges.

Deezer is one of the major music providers with more than 35 million tracks in its library. It is available in more than 180 countries worldwide.

No word on North American applications yet. Continue reading →

Posted in auto news, connected vehicles, customer satisfaction, marketing, milestones, news analysis, shows and events, software defined vehicles | Tagged , , , , , , , , , , | Leave a comment

Auto Loan Balances up 53% Since Post Recession Low

Posted on 4 November 2015 by Ken Zino

The distribution of open loans by risk segment remains relatively unchanged, demonstrating that consumers drive the surge in outstanding automotive financing across the board, not a specific segment of the market. Continue reading →

Posted in financial results | Tagged , , , , | Leave a comment

Trucks, Crossovers Boost US October Sales. Cars Lag

Posted on 4 November 2015 by AutoCrat

In the all-important Top Ten selling list, the Detroit Three pickup trucks easily swept the first three places. However, offshore brand models in October took the reaming seven of the Top Ten sales spots for the month. Continue reading →

Posted in sales | Tagged , , | Leave a comment

Volkswagen Admits to CO2 Emissions Problem. €2B at Risk

Posted on 3 November 2015 by Ken Zino

VW said that ~800,000 vehicles from the Volkswagen Group could be affected with “economic risks at approximately two billion euros.” Continue reading →

Posted in environment, fuel economy or emissions | Tagged , , , | 2 Comments

VW, Audi, Porsche V6 Diesels added to EPA, CARB Probes

Posted on 2 November 2015 by Ken Zino

The vehicles covered by today’s action are the diesel versions of the 2014 VW Touareg, the 2015 Porsche Cayenne, and the 2016 Audi A6 Quattro, A7 Quattro, A8, A8L, and Q5, among the most profitable vehicles at VW Group. Continue reading →

Posted in fuel economy or emissions, litigation, recalls | Tagged , , , , | 1 Comment

Ford Motor Q3 Financial Results Weak to Mixed

Posted on 29 October 2015 by Ken Zino

The question remains whether this is a breakthrough year at Ford as the company claims or just business as usual with the F-Series – $42,000 transaction price and strong sales leadership in the U.S. being the jewels in the crown. A redesigned Super Duty version of the F-Series comes in 2016, but the pickup line continues face threats from GM and FCA with its Ram brand. Continue reading →

Posted in financial results | Tagged , , , | Leave a comment

GM Global Vehicle Sales at 7.2 Million Vehicles through Q3 2015

Posted on 28 October 2015 by AutoCrat

The global sales leadership race between General Motors and Toyota, Volkswagen and General Motors remains too close to call as GM sold 7.2 million vehicles during the first nine months of 2015 a decline of -3%. Toyota Motor’s global sales for the same period totaled 7.498 million vehicles, off -1.5%, but still enough to best Volkswagen Group at a flat 7.43 million vehicles. Continue reading →

Posted in sales | Tagged , , , | Leave a comment

GM Earnings Flat at $1.4 Billion in Booming Market

Posted on 21 October 2015 by Ken Zino

However, past management decisions, positions in offshore markets, the failed attempt to take Chevrolet global and currency fluctuations continued to hurt shareholders. In total special items of $1.1 billion negatively affected the operating performance. Continue reading →

Posted in financial results | Tagged , , , | Leave a comment

Winterkorn off Porsche Exec Board over VW Diesel Cheating

Posted on 19 October 2015 by Ken Zino

This is the latest development in the growing and company-threatening crisis at Volkswagen Group because of its deliberate diesel emissions fraud perpetrated on several continents by now disgraced engineering and management groups. Continue reading →

Posted in fools 'n frauds, fuel economy or emissions, people | Tagged , , , | Leave a comment

Ford Police Interceptor Sales Up after Crown Vic Gaffe

Posted on 19 October 2015 by Ken Zino

Introduced in 2012, Police Interceptor Utility quickly became America’s best-selling police vehicle Ford now has a 61% market share through June 2015, a more than 20% gain from a self-inflicted wound. Continue reading →

Posted in sales | Tagged , , , | Leave a comment

Shark Lawyers Circling VW Call for Buyback of Diesels

Posted on 12 October 2015 by Ken Zino

The Hagens Berman and Quinn Emanuel law firms filed a motion today in their national lawsuit against Volkswagen asking the court to order Volkswagen to provide owners of the VW diesels an immediate buyback offer at the Kelley Blue Book value Continue reading →

Posted in fuel economy or emissions, litigation | Tagged , , , , , | Leave a comment

Usual Posturing at VW House Hearing on Dirty Diesels

Posted on 9 October 2015 by Ken Zino

Panel members were skeptical to hostile during their questioning of Horn. It was clear that they expected not only significant fines to arise, but for VW to buy back the cars at the pre-scandal price. Continue reading →

Posted in fuel economy or emissions, litigation | Tagged , , , , | Leave a comment