Category Archives: results

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Treasury Selling More GM Common Stock

The U.S. Department of the Treasury is continuing its sales of GM common stock starting today by launching a third “pre-defined written trading plan.” Terms were not disclosed. Continue reading

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GM Prices $4.5 Billion of Bonds to Buy Back VEBA Stock

General Motors Company announced today the pricing of three series of bonds that it will sell and use the $4.5 billion in proceeds to buy back stock from the UAW Retiree Medical Benefits Trust. Continue reading

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GM to Buy Back UAW Held Stock. Dividends to Follow?

The VEBA currently holds 260 million shares of Preferred Stock, and Canada GEN Investment Corporation holds another 16 million shares. Until the ownership of these shares transfer back to GM or other independent buyers, the slur “Government Motors” still applies since the shares where part of a controversial but effective bankruptcy reorganization that Canadian and U.S.> taxpayers subsidized in 2009. Continue reading

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