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Category Archives: results
Tesla Loses Money Again During 2013. Stock Market Bullish
The darling of automotive stock speculators electric vehicle maker Tesla posted a yearly loss of -$74 million on revenue of more than $2 billion during 2013, compared with a -$396.2 million loss on $413.3 million in sales in 2012. The stock is trading at record levels of above $200 per share given the revenue increase, and with the company promising to increase it yet again during 2014. Continue reading
Chevrolet to Oversee Restoration of Sinkhole Corvettes
The National Corvette Museum cars damaged in a sinkhole collapse will be shipped to Warren Michigan where Chevrolet will oversee their restoration. Ed Welburn, vice president of GM Global Design will lead the project. Continue reading
Posted in milestones
Tagged autoinformed, autoinformed.com, Ken Zino, national corvette museum
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Chrysler Group Borrows $5 Billion to Pay off UAW VEBA Debt
Before the bankruptcy, the UAW had previously – and reluctantly – accepted the notes to cover the health care costs of its retired members. This was a classic, many would say infamous, example of financial engineering under the Wall-Street-owned Bush Administration that removed union health care costs from the balance sheets of Chrysler, Ford and General Motors with a slight of hand trick. Continue reading
Posted in financial results, news analysis
Tagged autoinformed, autoinformed.com, Ken Zino, veba
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Mazda MX-5 Miata Celebrates 25 Years at CAS
With the collapse of the British sports car industry and the absence of roadsters, the Miata, as it was then called in the U.S., hit a sweet spot in the market. Miata weighed a low 2,116 pounds curb weight and could reach 60 mph in less than nine seconds. Japanese quality, spirited open top driving and a starting price of $13,800 MSRP proved a winning combination. Continue reading
Nissan Shows Cummins Diesel Frontier Pickup at CAS
It looks as if Nissan will join the mid-size pickup diesel parade based on a concept truck created to gauge consumer interest in a next-generation Frontier with a Cummins diesel engine. First shown at the Chicago Auto Show, aka CAS, it is powered by a 2.8-liter Cummins turbo diesel with nearly 200 horsepower, and more than 350 lb.-ft. of torque. The estimated fuel economy increases 35% compared to the current Frontier V6. Continue reading
Posted in concept, fuel economy or emissions
Tagged autoinformed, autoinformed.com, diesel, Ken Zino
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GM and Isuzu to Update Ohio Diesel Engine Plant
The investment – in the depressing language of the jobless auto recovery – retains 500 jobs at what is a joint venture between General Motors and Isuzu. DMAX has produced 1.6 million engines since opening in 2000. Continue reading
Posted in fuel economy or emissions, manufacturing
Tagged autoinformed, autoinformed.com, Ken Zino
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Chrysler Bucks January Sales Dive in U.S. Subaru continues its Streak too
The conventional wisdom in the auto business is that winter weather was responsible for the unexpected decline in January Auto Sales in the U.S. While GM, Ford and Toyota all posted big sales drops, Chrysler, the comeback car company, reported U.S. sales of 127,183 units, an 8% increase compared with sales in January 2013 (117,731 units). Continue reading
Posted in sales
Tagged autodata, autoinformed, autoinformed.com, Ken Zino, U.S. january sales
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Ford Motor Earns $1.3 Billion in Q4, $8.6 Billion during 2013
Ford Motor Company [NYSE: F] today reported that Q4 pre-tax profit was $1.3 billion, a decrease of $402 million compared with 2012. However, Q4 earnings per share at 31 cents were the same as a year ago. Ford has posted … Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, Ken Zino, q4 2013
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Modest Growth Forecast for January U.S. Auto Sales
Total light-vehicle sales are projected at 1.1 million, a meager 1% increase from January 2013. Fleet sales are expected to remain below the level of a year ago and representing less than 20% of total light-vehicle sales for the month. Continue reading
Fiat Buys Out the UAW Equity in Chrysler Group
Fiat S.p.A. through its wholly owned subsidiary, Fiat North America, today completed its previously announced acquisition of all of the UAW VEBA Trust’s equity in the Chrysler Group. This means that Chrysler Group is now a wholly owned subsidiary of Italian Fiat with considerable help from U.S. taxpayers who financed the 2009 reorganization of the bankrupt company. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, fiat Chrysler, Ken Zino, uaw veba
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EU Sales Recover in December. Six Year Trend Still Down
The automaker trade group says that from January to December, the EU market recorded 11,850, 905 new cars. With a decrease of -1.7% in 2013, European new car registrations have been on the decline for six consecutive years. Continue reading
Posted in sales
Tagged acea, autoinformed, autoinformed.com, european sales, Ken Zino
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GM Declares 30 Cent Quarterly Stock Dividend
General Motors Company Board of Directors today declared a quarterly dividend of 30 cents per share on its common stock. The dividend is payable 28 March 2014 to all common stockholders of record as of 18 March 2014. The last time GM paid a dividend on common was in the pre-bankruptcy days of 2008. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, gm dividend, Ken Zino
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GM Sweeps NACTOY Car and Truck Awards at NAIAS
The Chevrolet Corvette Stingray and Silverado 1500 are the 2014 North American Car and Truck of the Year, announced this morning at the opening of press days at the North American International Auto show in Detroit. This is the first time Chevrolet has won both awards in the same year. The Silverado was last named Truck of the Year in 2007 and the Corvette was last named Car of the Year in 1998. Continue reading
China Sales Propel Buick to Global Sales Record
China sales were the only reason the Buick brand was kept by U.S. Treasury officials while they were killing Pontiac and Hummer during the 2009 taxpayer financed GM bankruptcy reorganization. Continue reading
Chevrolet to Sell 4G LTE Data Connections Next Summer
What this does for the deadly distracted driving problem remains to be seen and depends whether the driver or passengers are surfing the web. There is also risk involved; electronics in automobiles are now the largest single source of customer dissatisfaction if there are glitches, dropped voice commands, screen crashes or problems connecting portable devices. Continue reading
