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Category Archives: results
2013 Global Light Vehicle Sales Tracking at 83 million
Global light vehicle sales held steady in May with a seasonally adjusted annualized rate of sales of 82.8 million units a year, according to the latest data from LMC Automotive. The consultancy predicts that full-year 2013 sales will be 83.4 million units. Continue reading
Posted in auto news, news analysis, sales
Tagged autoinformed, autoinformed.com, global auto sales, Ken Zino
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GM Declares Dividend on Series B Preferred Stock
The convertible preferred stock was offered at $50 per share when GM emerged from bankruptcy. The shares automatically convert to a variable amount of GM common stock on 1 December 2013. If GM common is trading at $33 for a period preceding that, preferred shareholders will at least break even on the $50 per share price paid. The leverage works both ways on the conversion price, though. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, gm preferred, Ken Zino, series b stock
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General Motors, Ford Post Record May China Sales
General Motors and its joint ventures sold a May record of 252,942 vehicles in China, sales increasing 9.4% from the same month last year. Crosstown rival and slow starter in China, Ford Motor Company also posted a record from a year earlier to 70,540 passenger cars. Continue reading
Posted in results, sales
Tagged autoinformed, autoinformed.com, changan ford, china, gm china, jmc, Ken Zino
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Treasury Selling More GM Common Stock
The U.S. Department of the Treasury today announced that it would sell another 30 million shares of General Motors Company common stock in a public offering in conjunction with GM’s return to the S&P 500 index. Continue reading
Posted in auto news, economy, financial results, news
Tagged auto bailouts, autoinformed, autoinformed.com, gm bankruptcy, Ken Zino, tarp, taxpayer subsidies
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Ford Motor May U.S. Sales Up 14%
Ford Motor Company’s May U.S. sales rose 14% compared with one year ago. It was the best May sales since 2006 for the Number Two U.S. automaker. The U.S.’s best-selling pickup by far, F-Series, had its strongest May sales since 2005 at 71,604, which meant a 31% increase versus last year and its 22nd straight monthly sales increase. Continue reading
Posted in auto news, results, sales
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General Motors Sales up Slightly in May as Trucks Dominate
Executive summary: GM remains Number One in the U.S. by 100,000 in sales over quality challenged Ford Motor, which has just announced another massive recall on its best-selling 2013 models. In terms of retail sales though, Toyota Motor continues to be Number One. Continue reading
Posted in auto news, results, sales
Tagged autoinformed, autoinformed.com, GM, Ken Zino
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Chrysler Group May 2013 U.S. Sales Up 11%
Chrysler Group today reported U.S. sales of 166,596 units, an 11% increase compared with sales in May 2012. It was the Fiat controlled group’s best May sales since 2007. Jeep, Dodge, Ram Truck and Fiat brands each posted year-over-year sales gains in May compared with a year ago. Year-to-date, Group sales are up 9% at more than 752,000 vehicles. Continue reading
Posted in auto news, results, sales
Tagged autoinformed, autoinformed.com, chrysler group, Ken Zino
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April EU Commercial Vehicle Sales Up Slightly. YTD off -7.6%
In a classic half empty or half-full interpretive dilemma, commercial vehicle sales in the EU increased 3.6% for the first time since December 2011. The uptick came mostly from demand for new vans (+5.8%). However, his year, the EU counted on average two more working days compared to the same month in 2012 because of how the Easter holiday fell. Continue reading
Posted in auto news, results, sales
Tagged autoinformed, autoinformed.com, eu, eurozone crisis, Ken Zino
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May U.S. New Vehicle Sales Projected at 12.5 m SAAR
New vehicle sales in May are projected to be about 1 million retail units higher than one year ago, resulting in a seasonally adjusted annualized rate or SAAR of 12.5 million. This is the highest annual rate since January of 2013, and May, if the forecast is accurate, will be the third consecutive month with retail sales in excess of 1 million. Relatively affluent new vehicle buyers are taking advantage of cheap interest rates as the Federal Reserve continues to print money in a desperate attempt to revive a sluggish economy where 16 million people remain unemployed or under-employed because of the ongoing effects of the Great Recession. Continue reading
Posted in auto news, results, sales
Tagged autoinformed, autoinformed.com, j.d power, Ken Zino, new vehcile sales, u.s auot sales
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Auto Insurance Websites Only Rated Fair for Policy Shopping
Auto insurance customers say that using insurance company websites to service an existing policy is generally easier than using them to shop for a policy, according to a new study. Continue reading
Posted in auto news, customer satisfaction
Tagged autoinformed, autoinformed.com, car insurance websites, j.d power, Ken Zino
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EU Car Sales Weak in April. Off -7% YTD
This was the third lowest level of new registrations for a month of April, with the historic low for April reached in 2012 at 1,021,358 units, according to ACEA, the auto trade group. Continue reading
Posted in auto news, economy, sales
Tagged autoinformed, autoinformed.com, eu, eurozone, Ken Zino
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Milestones – One Million Jeep Wranglers Made at Toledo
The sprawling Toledo complex, famous in its own right, became the center of a Romney Presidential campaign controversy last fall, when a desperate Romney trailing in virtually all industrial states used attack ads proclaiming that Chrysler was going to move the jobs in Toledo to China. It was a complete falsification and came as Chrysler was expanding and retooling the North Plant, where the all-new 2014 Jeep Cherokee will be built. Continue reading
Posted in auto news, milestones, news analysis
Tagged autoinformed, autoinformed.com, Cherokee, Ken Zino, romney, Toledo assembly, wrangler
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Milestones – Volvo Produces New Engine Family
Volvo Car Group is now manufacturing the first versions of a new, high-efficiency four-cylinder engine family after two years of preparation. The engine plant in Skövde, Sweden is making new smaller engines that are claimed to deliver higher performance than today’s six-cylinder units, while offering lower fuel consumption than the current generation of four-cylinder units. Continue reading
Posted in auto news, fuel economy or emissions, manufacturing, milestones
Tagged autoinformed, autoinformed.com, geely, Ken Zino, Volvo
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Ford Family Defeats One Share, One Vote at Annual Meeting
Once again, the Ford family with its 16 votes for every share of class B beat back a dissident shareholder proposal that would recapitalize the company at one vote per share. All told, a total of 5,734,531,807 votes were vote at the meeting. Continue reading
Posted in auto news, news analysis, results
Tagged autoinformed, autoinformed.com, ford annual meeting, ford class b, ford proxy, Ken Zino
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Toyota Motor Posts $9.7 Billion Profit for Year
This was the largest annual return in five years for the world’s largest automaker, and a clear indication that the recalls of ten million vehicles during 2009-2010 and the product shortages from natural disasters in 2011 are now behind it. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, corolla, Ken Zino, lexus is, toyota motor
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