Category Archives: results

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

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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

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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

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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

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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

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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

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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

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U.S. Light Vehicle Sales to Soar in 2014 Says NADA

Employment, particularly in the construction, services industries, will improve this year, and a continued moderation in gasoline prices and improvements in the housing market will help to offset stagnation in wages and income in 2014. Continue reading

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Texas RV and Motorcycle Importers Fined for CAA Abuses

Savoia, BMX Imports, BMX Trading, and their owner, Terry Zimmer, allegedly illegally imported motorcycles that didn’t comply with the Clean Air Act, or CAA Continue reading

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EU Light Vehicle Sales Increase in December

While the EU economy is still on life-support, light vehicle sales during December increased in most major Western markets. Continue reading

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December Auto Sales Stall – Worry or Fluke?

Taking a longer view of the economy, though, saw 2013 as another successful year for the wealth-creating auto business. Thirteen ran at 15.6 million units, which was an increase of more than one million units compared to the year before. This was the fourth straight year of growth after the disastrous 2009 and 2010 economic collapse caused by an unregulated Wall Street Continue reading

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December U.S. Vehicle Sales Projected at a +4% Increase

The Detroit Three continued to build inventory rapidly, and their combined days’ supply climbed from 87 days at the beginning of November to 93 days by the end of the month. This is potentially worrisome. Continue reading

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Ford Cuts 2014 Earnings Outlook. Warranty Costs Hurt 2013

In a sense, 2014 is an investment year that will hurt returns short term, but is necessary to keep Ford competitive going forward. Overall, FMC will launch 23 new vehicles globally, with 16 launches in North America, it’s only solidly profitable region. Since these North American freshenings will cover a significant percentage of the region’s volume, Ford said that it now expects sales next year to be lower, even as the region grows by roughly one million units or more in total. Continue reading

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General Motors Sells Record 3 Million Vehicles in China

However, the Detroit based automaker is facing a serious challenge to its long held sales leadership in the communist country from Volkswagen Group this year. Continue reading

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EU November Cars Sales Up Slightly

In absolute numbers, this represents the third lowest level recorded for a month of November since ACEA, the automakers trade group, recorded new registrations in the EU27 in 2003. Continue reading

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