Category Archives: results

BMW Group Posts Strong Q2 Results

Posted on 4 August 2015 by Ken Zino

The BMW Group revenues at €23.9 billion and sales volume were strong in Q2, with the Group profit before interest and taxes (EBIT) for the six-month period exceeding €5 billion for the first time. Continue reading →

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Record Sales of Car, Light Trucks Predicted at CAR Conference

Posted on 4 August 2015 by Ken Zino

Sales of new cars and light trucks will continue their post-recession recovery, reaching a record high of 17.46 million vehicles in 2016, said Steven Szakaly, chief economist of the National Automobile Dealers Association. Continue reading →

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Truck Galore! July US Auto Sales Best in Ten Years

Posted on 4 August 2015 by Ken Zino

In third place behind the Ford F-Series and Chevrolet Silverado pickups, the Toyota Camry again led the offshore brand sales at 38,435 units. The Honda Accord was in fifth place and the Nissan Altima in sixth place, with sales up 27% to 33,842 units. Not one Detroit Three car made the Top Ten list. Continue reading →

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NADA Opposes Credit Reform on Auto Lending Practices

Posted on 29 July 2015 by Ken Zino

the National Automobile Dealers Association (NADA) is lobbying members of the U.S. House Financial Services Committee to pass H.R. 1737, a bill that would repeal the Consumer Financial Protection Bureau’s (CFPB) 2013 guidance on fair auto lending practices Continue reading →

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During Q2 Ford Posts Best Profits, $2.9B, Since 2000

Posted on 28 July 2015 by Ken Zino

It was Ford’s best automotive quarterly profit since 2000. Continue reading →

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CFPB Scoffs at NADA FOIA Request on Auto Lending

Posted on 27 July 2015 by Ken Zino

The Consumer Financial Protection Bureau, aka CFPB, has rejected a Freedom of Information Act – FOIA – request by the National Automobile Dealers Association to release a memorandum that NADA alleges shows that the agency is seeking to exercise jurisdiction over auto dealers financing, which is prohibited under the Wall Street Reform and Consumer Protection Act of 2010, also called Dodd-Frank. Continue reading →

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Automakers Protest European Laws Targeting Diesel Use

Posted on 13 July 2015 by Ken Zino

The automakers reason, not without some basis in fact – that the most effective way to improve air quality is getting older cars and trucks off the road. New vehicles less than one year old are roughly 5% of the road population in the EU. As more of the older diesels are replaced, it looks like fewer of them will be diesels, no matter how clean the newest ones are. Continue reading →

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June Light Vehicle Sales Soar in US

Posted on 6 July 2015 by Ken Zino

U.S. light vehicle sales in June posted their highest rate since 2005 at 1.5 million, which translates to a SAAR – Seasonally Adjusted Annual Rate – of 17.16 million. Continue reading →

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432k Focus, C-MAX, Escape Recalls for Bad Ignition Switch

Posted on 3 July 2015 by Ken Zino

In these defective vehicles, among the best sellers at Ford, it is possible for the engine to continue running after turning the ignition key to the “off” position and removing the key. Continue reading →

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China Light Vehicle Sales Drop Again in May

Posted on 30 June 2015 by Ken Zino

China Light Vehicle sales continued to decline in May, with year‐on‐year (YoY) growth in sales of locally‐made models dropping to 1.4%, marking the lowest level since September 2012 when the Sino‐Japan islands disputes disrupted the market. This is big trouble for The Volkswagen Group and General Motors both of whom rely on China for healthy profits. Continue reading →

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Dainese and Ducati Motorcycle Airbag Jacket Wins Award

Posted on 30 June 2015 by Ken Zino

Ducati’s Multistrada D-Air model has an intelligent system of sensors wirelessly connected to Ducati Apparel airbag jackets by Dainese. Continue reading →

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June 2015 U.S. Light Vehicle Sales Projected Flat

Posted on 25 June 2015 by Ken Zino

The real party is being held by new-vehicle retail sales in June along with a corresponding retail seasonally adjusted annualized selling rate, aka SAAR, expected to reach their highest levels for June since 2005. Continue reading →

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NADA, American Truck Dealers Oppose Cleaner Trucks

Posted on 22 June 2015 by Ken Zino

The groups say that the rule will add $14,000 to the cost of a new truck through mandates based on potentially untested technologies. Similar accusations, of course, by the industry go back to the beginnings of the Clean Air Act and fuel economy regulations where cleaner was thought, dubiously, as too costly. Continue reading →

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GM and GM Financial Now Investment Grade at Fitch

Posted on 18 June 2015 by Ken Zino

GM earnings have been pommeled during the last several years because of billions in charges taken for safety recalls. Moreover GM still potentially faces billions in charges for the legal liability and government fines in the ignition switch cover-up, including possible criminal charges from the Department of Justice. Continue reading →

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More Taxpayer Subsidies for Rich Automakers Proposed

Posted on 4 June 2015 by Ken Zino

It is another raid on the U.S. Treasury sponsored by U.S. Senators Debbie Stabenow (D-MI), Gary Peters (D-MI), along with Lamar Alexander (R-TN), all from auto making states. Continue reading →

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