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Category Archives: results
GM Buys Back all Series A Preferred Stock
The preferred shares had a liquidation preference of $25 per and accrued cumulative dividends at a rate equal to 9% annually, which was an expensive ~$350 million annual cost. GM used cheaper debt to buy the stock. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, Canada Gen Investment Corporation, Ken Zino, veba
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Chrysler Expands Takata Recall Nationally
Chrysler Group is expanding its current regional recall of Takata PSDI-4 driver airbag inflators to all 50 U.S. States and Federalized Territories at the request of NHTSA. Continue reading
Ford Finally Kills MyTouch name with Sync3 as Replacement
In a ‘one more time with feeling’ encore, Ford Motor changed its tune on its much-derided and pioneering MyTouch voice recognition system by saying today that its future generation of infotainment and touch screen systems will be marketed as Sync3 globally. Continue reading
Strong US November Sales. Offshore Brands Upping Share
U.S. vehicle sales in November were up strongly with offshore brands increasing their market share to 55.3% in spite of strong truck sales that traditionally favor the Detroit Three. Toyota Motor was on the verge of displacing Ford as the Number Two automaker. Continue reading
Cheap Gas, Money lead to Strong US October Car Sales
Vehicle sales in the U.S. were up more than 6% during October year-over-year as cheap gas, low interest rates and long-term loans resulted in 1.28 million cars and light trucks moving off dealer’s lots. Continue reading
Used Car Sales Soften in October
Used-car sales in October were 3,162,085, up only 0.29% compared to a year ago. Versus September used vehicle sales were down 16.9%. However, Transaction Prices rose more than 16% at franchised dealerships to $15,678 because of what is now a growing inventory of late-model off-lease vehicles. Continue reading
More Chrysler Group Recalls on Dodge and Jeep SUVs
A week after Chrysler Group’s dismal finish on the initial quality survey from Consumer Reports and the firing of its head of quality control, the company is recalling its best-selling Dodge Durango and Jeep Grand Cherokee models for defective airbags and malfunctioning electronic stability controls. More 250,000 are involved in the latest, supplier- caused quality problems. Continue reading
Posted in auto news, customer satisfaction, news analysis, quality, recalls, safety
Tagged autoinformed, autoinformed.com, Ken Zino, nhtsa
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FCA – First Earnings since Chrysler Merger Mixed to Weak
Worrisome was a huge charge that FCA took for the cost of safety recalls and warranty repairs in the U.S. – a whopping €200 million for Q3 alone. Continue reading
Posted in financial results, news analysis, people
Tagged autoinformed, autoinformed.com, fca, Ken Zino
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Leaf EV Sales Up
Nonetheless, Leaf remains a hobby at Nissan since the Number Two Japanese automaker more than 4.9 million vehicles and generated revenue of ¥9.6 trillion yen ($116.16 billion) in the Japanese’s fiscal year of 2012. Continue reading
Musk of Tesla versus Wards on Sales
Interesting little dust-up – as in lies, damn lies and statistics – caused by one of the auto industry’s most respected sources of data and the self-promoting Elon Musk of Tesla. The battle of the numbers began when Wards Auto pointed out that Tesla’s 2014 U.S. sales were down 26% through September compared to the year earlier period. Continue reading
Infotainment Systems Continue to be Troublesome. Duh
While so-called infotainment systems and their associated in-car electronics are a growing reliability “plague” for many brands, there are still plenty of bad cars out there with problematic traditional systems. Mechanical parts remain troublesome at many makers, according to the … Continue reading
October US Light Vehicle Sales on Pace for 10 Year Record
Consumer spending on new vehicles will exceed $32.5 billion in October, the highest level for the month of October since 2013 when consumer spending reached $30.7 billion. Continue reading
Ford Q3 Earnings off as Sales Drop, Recalls and Launches Hurt
Guidance was unchanged from the Ford’s late September adjustment down to a 2014 pre-tax profit of about $6 billion, excluding special items, which pummeled the stock. Ford common took another beating by ending the day at $13.78 per share, a 4.3% drop. Continue reading
GM Posts Mediocre Q3 Earnings of $1.4 billion. Revenue Flat
All of GM’s profit came from North America, with – Europe, International Operations, South America and GM Financial down or flat year-over-year. Continue reading
BMW Motorrad Sets All Time Sales Record in Q3 and YTD
BMW Motorrad recorded retail growth in almost all sales regions during the first nine months of the year. Continue reading
