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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
Ford Motor Q4 Dividend Steady at 12.5 Cents
Ford stock has been slumping recently after Ford removed $1 billion from its annual profit guidance and analysts balked. Selling in the $14 per share range, this translates to a ~3.4% dividend from Ford. Continue reading
EPA Says US Fuel Economy at All Time High – 24.1 MPG
New vehicles achieved record fuel economy in 2013, the Environmental Protection Agency announced today. Model year 2013 vehicles achieved an average of 24.1 miles per gallon, a 0.5 mpg increase compared with 2012 previous year and an increase of nearly 5 mpg since 2004. However, year-over-year it was only 2%. Continue reading
Posted in fuel economy or emissions, milestones
Tagged autoinformed, autoinformed.com, cafe, epa, Ken Zino
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GM Declares 30-Cent Dividend on Common Stock
With GM stock being hammered because of analyst skepticism about short-term improvements possible in Europe, as well as the Russian and South American crisis, and now 24 deaths from ignition switches – all bad for business, the current sell-off of GM presents a challenge to investors. Trading today in the $30-32 per share range the $1.20 annual dividend represents a good return on a stock that analysts said recently could be at $55 in a couple of years with a $42 one-year target. Continue reading
Posted in economy, financial results
Tagged autoinformed, autoinformed.com, Ken Zino
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Say It Ain’t So! GM Recalls 500,000 Cadillac, Chevy, Saabs
GM CEO Mary Barra’s claim that GM recalls are behind it was mocked today by two more recalls covering half a million vehicles including 2015 Cadillac SRX models. Continue reading
Pickup Trucks at GM, Chrysler Claw Back U.S. Auto Market Share in September. Luxury, Family Cars Remain a Problem
Powered by thriving pickup truck sales, Chrysler and GM recaptured U.S. auto market share from offshore companies in September Continue reading
Huge Toyota Tacoma Pickup Corrosion Recall
Toyota claimed it is not aware of any fires, crashes, injuries or fatalities associated with its latest safety defect that it has told NHTSA about in its required legal filing. However, NHTSA has several hair-raising complaints from Tacoma owners about incidents. Continue reading
Posted in auto news, awards, customer satisfaction, manufacturing, marketing, news analysis, quality, recalls, safety
Tagged autoinformed, autoinformed.com, Ken Zino, nhtsa
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