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Category Archives: results
Ford Motor October Sales Increase 14%
Ford Motor Company’s October U.S. total sales of 191,985 vehicles increased 14% compared to October 2012 that was severely depressed because of Hurricane Sandy. In an overall market that rose 8%, with extremely weak results for the first two weeks of the Republican-led government shutdown. Continue reading
Posted in economy, sales
Tagged autoinformed, autoinformed.com, ford October sales, Ken Zino, lincoln
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Chrysler Group October U.S. Sales Up 11%
“After a choppy start to the beginning of the month [caused by the Republican Tea Party extremists government shut down that appears thus far to be responsible for $24 billion in losses to the U.S. economy – editor], Chrysler Group sales accelerated in the second half of the month with renewed consumer confidence and the launch of our all-new Jeep Cherokee,” said Reid Bigland, Head of U.S. Sales. Continue reading
Toyota World’s Largest Automaker trailed by GM, VW
Toyota Motor has retained its lead as the world’s largest automaker, according to nine- month sales figures the Japanese automaker released on Monday. Toyota said it sold 7.41 million vehicles globally through the end of the western Q3, a flat performance when compared year-over-year. Continue reading
Infotainment Defects Grow in Latest Auto Reliability Data
The 2013 Annual Auto Reliability rankings revealed today before the Automotive Press Association in Detroit shows that General Motors and the Chrysler Group have barely average reliability, while Ford Motor continues to do poorly. Continue reading
Peugeot Q3 Sales, Revenues Down. GM JV Scaled Back
The Peugeot Group this morning in Paris posted Q3 revenues of €12.1 billion, down -3.7%. Automotive revenues were €8 billion, down -5.8%. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, eu, GM, Ken Zino, Peugeot
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Ford Motor Posts Q3 Profits of $2.6 Billion but Income Off
Ford Motor Company [NYSE: F] reported a Q3 profit of $2.6 billion based largely on sales and financing in North America with some contributions from other regions. Continue reading
Financial Protection Bureau Auto Loan Regulation Anti-Consumer Says NADA
A proposed regulation stipulating flat fees in auto lending will actually end up hurting consumers because franchised car dealers will not be able to cut rates, according to the National Automobile Dealers Association. Continue reading
Posted in auto news, customer satisfaction, financial results
Tagged apa, auto loans, autoinformed, autoinformed.com, Ken Zino, nada
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Camaro Z/28 Beats Porsche 911 Lap Time at Nürburgring
A new 2014 Camaro Z/28 running at Germany’s Nürburgring road course posted a 7:37.40 lap time, Chevrolet says. This beats the best times for the Porsche 911 Carrera S and the Lamborghini Murcielago, among other expensive cars that cost much … Continue reading
Posted in marketing, milestones, new vehicle, news analysis, performance
Tagged autoinformed, autoinformed.com, Ken Zino, nürburgring, z/28
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GM Declares Dividend on Series B Preferred Stock
General Motors (NYSE: GM) will pay a quarterly dividend of $0.59375 per share on its Series B mandatory convertible junior preferred stock on 2 December 2013 to Series B holders of record as of 15 November. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, GM, Ken Zino, tarp
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Electric Vehicle Sales to Top 2 Million by 2020?
This latest soothsaying from ABI Research flies in the face of the trend actual EV sales thus far, which have been weak because of image, price, performance and recharging problems. Continue reading
Posted in electric vehicles, fuel economy or emissions
Tagged abi research, autoinformed, autoinformed.com, Ken Zino
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GM Financial Buys Ally Assets in Brazil
The latest move continues GM’s plan to put back in place a GMAC-like operation, with many of the companies coming from Ally, which was GMAC and went bankrupt at the onset of the Great Recession because of its reckless home lending practices. A controversial U.S. taxpayer-funded bailout ensued, one that has not been paid back. Continue reading
Posted in auto news, financial results
Tagged ally financial, autoinformed, autoinformed.com, gm financial, gmac, Ken Zino, Michael A. Carpenter
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September U.S. Auto Sales Down for First Month in Three Years
U.S. Auto sales of light vehicles declined in September for the first time in three years, as a calendar quirk and weakening of Asian brand vehicles displaced strong growth at the Detroit Three. Continue reading
Posted in sales
Tagged aida, autoinformed, autoinformed.com, Ken Zino, tea party terrorism, top ten
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Volkswagen Group Opens New Plant in Foshan, China
China is the Volkswagen Group’s largest sales market worldwide. In 2012, the company delivered more than 2.81 million vehicles to customers in the country. In the first eight months of this year, VW claims that deliveries rose by 18% compared with the comparable prior-year period to more than 2 million vehicles. This is a close second to General Motors the long-time market leader at more than 2.2 million units. Continue reading
Posted in manufacturing, sales
Tagged autoinformed, autoinformed.com, faw, Ken Zino, vw
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China Light Vehicle Sales Remain Strong in August
LMC notes that widespread industry predictions of only single digit growth rates for auto sales this year and for the next couple are increasingly looking erroneous and is sticking to a more than 13% increase during 2013 as a forecast. Continue reading
Henkel Opens World’s Largest Adhesives Plant in Shanghai
Henkel opened what it claims is the world’s largest adhesives factory in Shanghai to serve the auto industry and various consumer goods producers. Continue reading
Posted in auto news, manufacturing, milestones
Tagged adhesives, autoinformed, autoinformed.com, Ken Zino
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