Category Archives: results

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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EU Car Sales Decline 10% in March as Crisis Continues

Posted on 17 April 2013 by Ken Zino

Sales of new light vehicles in the EU declined once again in March as the rate of contraction increased. During the month passenger cars sales dropped -10.2% compared to – 9.8% less in the first three months of 2012. It was the eighteenth consecutive month of sales declines. Q1 sales of 2,989,486 were weak and apparently getting weaker as the year continues. Continue reading →

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Global Light Vehicle Sales Steady in March at 81.3 Million Rate

Posted on 16 April 2013 by Ken Zino

Global light vehicles sales stabilized in March with an annualized selling rate of 81.3 million units. China, the United States and Japan continued posting strong, growing results, moving the overall global auto market to near record levels. A slowing in some emerging markets, including India and Russia, is thought to be temporary according to LMC Automotive economists. Continue reading →

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Ford and GM to Develop 9- and 10-Speed Automatic Transmissions

Posted on 16 April 2013 by Ken Zino

Ford Motor Company and General Motors Corporation have signed an agreement whereby both companies will jointly develop an all-new generation of 9- and 10-speed automatic transmissions for cars, crossovers, SUVs and trucks. Continue reading →

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Ford Motor to Pay Q2 Dividend of $0.10 Per Share

Posted on 12 April 2013 by Ken Zino

Ford Motor Company today declared Q2 dividend of $0.10 per share on the company’s outstanding preferred Class B and common stock. This is the same dividend paid in the first quarter of 2013, and twice the amount paid in Q2 last year. The second quarter dividend is payable on June 3, 2013 to shareholders of record on May 3, 2013. Continue reading →

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New Steel Alloys can Outperform Aluminum and Carbon fiber

Posted on 11 April 2013 by Ken Zino

Part of the steel industry’s problem, aside from the overall lack of interest among technically illiterate consumers, is regulatory. While the Obama Administration is in the process of implementing the most stringent emissions and fuel economy standards in history, the Environmental Protection Agency only looks at a crude mile per gallon rating that does not take into effect the energy used and greenhouse gas emissions that result during the creation of the 10,000 or more components that comprise an automobile. Continue reading →

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Daimler AG Sets Dividend at €2.20 a Share

Posted on 10 April 2013 by Ken Zino

At the Annual Shareholders’ Meeting of Daimler AG in Berlin on Wednesday, shareholders approved a dividend for the year 2012 of €2.20 per share, the same as in 2011 for a total dividend payout of €2.35 bllion. Continue reading →

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General Motors Declares Dividend on Series B Stock

Posted on 10 April 2013 by Ken Zino

The dividend on the hybrid stock – a mixture of stock and debt – is cumulative. GM has not paid a dividend on its common stock since 2008 before it entered bankruptcy. The total amount of the dividend is $59.4 million. Continue reading →

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