Category Archives: results

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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May Sales Keep on Trucking with 0% Interest Helping

Posted on 2 June 2015 by Ken Zino

U.S. May sales came in at an exceptionally high SAAR (seasonally adjusted annualized rate) of 17.79 million light vehicles with light trucks and 0% interest rate Memorial Day promotions help to beat analysts’ projections of 17.3 million. Continue reading →

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Chevrolet Expands Android and Apple Smartphone Connectivity to Broadest Lineup in Industry

Posted on 27 May 2015 by Ken Zino

With more than 2.3 billion smartphones in use globally, GM appears to be well ahead of other automakers in mining the connectivity gold rush underway. In 2014, the 14 models included in this expansion accounted for more than 2.4 million vehicle sales, or 51% of Chevrolet’s total global sales. Continue reading →

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GM Investing $1 Billion in Warren Technical Center

Posted on 14 May 2015 by Ken Zino

General Motors said today that it would invest $1 billion in its Warren Technical Center. Continue reading →

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New Toyota and Mazda Collaboration – Takeover or Merger?

Posted on 14 May 2015 by Ken Zino

The reasons for failure are many – a bias toward old architectures, single or limited joint ventures, different operating philosophies and systems, no true mergers, lack of trust and inequality. However, the potential savings are just too large to ignore, especially for CEOs, but not necessarily for middle managers and workers. Continue reading →

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Rising Auto Insurance Rates have People Shopping, but Not Necessarily Switching

Posted on 13 May 2015 by Ken Zino

Increases in Auto Insurance rates by an average of 2.1% nationwide in 2014, following an increase of 2.5% in 2013 have many customers shopping for a new insurer, but few are actually switching insurers. Continue reading →

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MI Proposal 1 on Roads, aka Prostitution 1, Resoundingly Defeated. All Politicians involved Need to Resign Now

Posted on 6 May 2015 by Ken Zino

All the politicians involved in this irresponsible pork-ridden fiasco should resign immediately – including local government officials who subsequently supported this sham because they would benefit from the pork – because they are clearly not representing the voters and above all are clearly and arrogantly out of touch with them. Continue reading →

Posted in AutoInformed Editorial, customer satisfaction, economy, fools 'n frauds, news, news analysis, shows and events, transportation | 2 Comments

US April Sales Stall. Some Makers Keep on Trucking

Posted on 4 May 2015 by Ken Zino

CA, General Motors and Ford Motor all increased share, almost entirely from the sales of truck and crossover vehicles. Toyota, Honda, Hyundai, Kia and Volkswagen all declined. Continue reading →

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FCA Posts €92 million in Q1 Profit Due to North American Sales

Posted on 30 April 2015 by Ken Zino

FCA said that profit margins would increase during 2015. “We feel confident that a 7% profit margin rate in the fourth quarter is absolutely doable,” said CFO Richard Palmer. Continue reading →

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Ford Motor Q1 Disappoints with Sales, Revenue, Share Drops

Posted on 28 April 2015 by Ken Zino

This was the latest setback for Ford Motor CEO Mark Fields, who has been playing defense with declining performance since he took over from Alan Mulally in July of 2014. Sales volume and Company revenue were down in Ford’s view because of product launches and the strong U.S. dollar on international revenue. Continue reading →

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April US Light Vehicle Sales Forecast at +6% YOY

Posted on 27 April 2015 by Ken Zino

In April 2005, the last time sales for the month were close to this April’s projected range, light-trucks, including crossovers, sport-utility vehicles and pickups, made up 52% of the market, while cars accounted for 48%. Light-trucks have since increased to about 56% of the new light vehicle market. Continue reading →

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GM Q1 Underwhelms with $1.7 Billion Revenue Drop

Posted on 23 April 2015 by Ken Zino

North America and GM Financial were the only divisions with solid operating results. Continue reading →

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General Motors Financial Net Income Up slightly in Q1

Posted on 23 April 2015 by Ken Zino

GM has now rebuilt its former GMAC Financial empire as a separate business after GMAC (aka Ally) one that went bankrupt over demonstrably and fraudulently bad home loans during the Great Recession. Continue reading →

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GM Sells 2.4 Million Vehicles in Q1 2015

Posted on 21 April 2015 by Ken Zino

During 2014 in global sales saw Toyota Number One, VW Group Number Two and GM having bragging rights to We’re Number Three. It appears to be a trend. VW Group posted sales of 2.49 million. Toyota reports sales later this week and is the odds on favorite to retain the Number One spot. Continue reading →

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