Category Archives: results

Fiat Group Posts Slim €31 Million Profit in Q1

Posted on 29 April 2013 by Ken Zino

The Fiat Group in Turin today posted Q1 profits of €31 million or about $40 million with revenues of €20 billion from worldwide shipments of more than 1 million vehicles. Continue reading →

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Chrysler Group Q1 Profits Drop to $166 million

Posted on 29 April 2013 by Ken Zino

Chrysler Group today reported its 2013 Q1 results of $166 million in profits on revenue of $15.4 billion, off 6% from $16.4 billion one year ago. Continue reading →

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Subaru Recalls Forester for Pedal Interference

Posted on 29 April 2013 by Ken Zino

Subaru is recalling more than 10,000 2014 model Forester vehicles because the carpeted floor mats were not manufactured properly and can interfere with the gas, accelerator, brake or clutch pedals. Continue reading →

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GM files SEC Paperwork to Ease Share Sales

Posted on 26 April 2013 by Ken Zino

GM said in a statement that is not currently aware of any specific plans regarding an offering by any selling shareholders. When selling shareholders make an offering during the next three years, the terms would be established at the time of offering and described in a prospectus supplement filed with the SEC. GM will not receive any of the proceeds of sales of common stock or warrants by the selling shareholders in the shelf registration statement. Continue reading →

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Daimler Group Q1 Earnings Drop Based on EU Crisis

Posted on 26 April 2013 by Ken Zino

Daimler AG [DAI] posted a significant drop in Q1 earnings largely because of the ongoing economic slowdown in Western Europe where sales are running at a 20-year low. The Q1 EBIT of €917 million was less than half of Q1 … Continue reading →

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EU Commercial Vehicle Sales Drop -10% in March, -11% Q1

Posted on 25 April 2013 by Ken Zino

The UK, currently mourning Prime Minister Margaret Thatcher and which has resolutely stuck to the Pound, was the only major area to post growth at +7.7%. Continue reading →

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Ford Motor Posts Q1 Profit of $2.1 Billion

Posted on 24 April 2013 by Ken Zino

The Ford Motor profit of 41 cents per share was $147 million lower than a year ago as results in Asia were weak because of ongoing expansion; weaker still in South America because of currency problems in Venezuela and Argentina, as well as competition, and frankly disastrous in Europe where Ford has not been able to stem a flood tide of red ink for decades. Continue reading →

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Honda Sets All-Time Record for Global Auto Production

Posted on 24 April 2013 by Ken Zino

Honda Motor Company today announced that global of 4,056,141 vehicles stetting an all-time high for the Japanese fiscal year ending 31 March 2013. Continue reading →

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U.S. April Vehicle Sales Forecast at 12.1 Million SAAR

Posted on 23 April 2013 by Ken Zino

The annual sales rate of U.S. new vehicle sales for April is forecast as flat at 12.1 million units. This is the third month this year above 12 million, though, with retail sales of 1,029,000 million projected. Continue reading →

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Chevrolet Cruze Diesel Rated at 46 MPG Highway

Posted on 22 April 2013 by Ken Zino

Chevrolet said that its new 2014 Cruze Diesel will be rated at an EPA-estimated 46 MPG on the highway, better than any non-hybrid passenger car in America. It will be available in some cities this spring and nationwide and in Canada in the early fall. Continue reading →

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General Motors Sells 1 Million Vehicles in China

Posted on 22 April 2013 by Ken Zino

With total overall light vehicle sales projected at more than 20 million for 2013, China will easily retain its title as the world’s largest auto market followed by the U.S. at more than 15 million. Continue reading →

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Ally Financial Declares Dividends on Preferred Stock

Posted on 22 April 2013 by Ken Zino

The Ally Financial board of directors has declared quarterly dividend payments for outstanding preferred stock payable on 15 May 2013. Ally’s Fixed Rate Cumulative Mandatory Convertible Preferred Stock, Series F-2, will pay the U.S. Department of the Treasury $134 million, or $1.125 per share. Continue reading →

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The History of Lexus

Posted on 19 April 2013 by Ken Zino

Lexus launched in 1989 with two luxury sedans, one small and the other large aimed directly at the Mercedes-Benz S-class. The full size Lexus LS 400 was priced more than $10,000 under top of the line German offerings in the US. At the time, Lexus made bold claims of superior quality and durability, as well as several years without a marked decrease in the quietness, smooth ride, and exterior and interior finishes of the new luxury car line. Continue reading →

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Toyota to Build Lexus ES 350 at Georgetown, Kentucky Plant

Posted on 19 April 2013 by Ken Zino

Forced by the strong Yen that is sapping profits of its most profitable line, Toyota Motor said today that for the first time a Lexus would be built in the United States. The recently revised ES 350 sedan will be assembled at Toyota Motor Manufacturing in Kentucky during 2015. Continue reading →

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Milestones – One-Millionth Ford Mustang Built at Flat Rock

Posted on 17 April 2013 by Ken Zino

Fifty years after Mustang’s debut, the one-millionth Flat Rock assembled pony car was built today. The potential owner of the Ruby Red 2014 convertible was unknown, as the celebration took place nine years after Mustang final assembly was moved to Flat Rock, Michigan. Continue reading →

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