Category Archives: results

Volkswagen Group Posts Record Profit of €11.5 Billion in 2012

Posted on 16 March 2013 by Ken Zino

Volkswagen Group’s sales revenue increased by 20.9% to €192.7 billion ($252 billion) in fiscal year 2012 a sizable gain from €159.3 billion in 2011. Operating profit rose to a record €11.5 billion, but this was only a slight increase from €11.3 billion the year before. Continue reading →

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Ford Motor Misses Targets Cuts CEO Pay to ‘Only’ $21 Million

Posted on 15 March 2013 by Ken Zino

In the bizarre world of 0.1-percenters, Ford Motor Company cut CEO Alan Mulally’s compensation by almost 30% because the quality-challenged company missed its 2012 goals. Even so Mulally earned $2,000,000 in salary and $3,950,000 in cash bonus in 2012. His total listed compensation in 2012 – including the grant date value of long-term stock options and other performance-based equity awards – was $20,995,806. This is a drop from his $2 million in salary, $5.46 million in bonus and $22 million in other compensation for 2011. Continue reading →

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EPA Reports Significant Gains in Fuel Economy During 2012

Posted on 15 March 2013 by Ken Zino

In its annual report that tracks the fuel economy of vehicles sold in the United States, EPA today said that between 2007 and 2012 fuel economy increased by 16% while carbon dioxide (CO2) emissions have decreased by 13%. In 2012, EPA said the one-year increase of 1.4 miles per gallon for cars and trucks was “significant.” Continue reading →

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Milestones – 100 Years of Bosch Generators

Posted on 14 March 2013 by Ken Zino

One hundred years ago, Bosch introduced the world’s first voltage-regulating generator for motor vehicles. Back then, it was only a power source for what were newly invented electric headlights by Cadillac founder Henry M. Leland. Leland also pioneered electric ignition on his cars, while Bosch – a magneto company – trailed that development. These were the early days of the electrification of the automobile, which continues to this day. Continue reading →

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Customer Satisfaction Up at U.S. Dealer Service Departments

Posted on 13 March 2013 by Ken Zino

The CSI rankings are based on dealer service performance during the first three years of new-vehicle ownership, which typically represents the majority of the vehicle warranty period. After the warranty expires, dealerships traditionally have little chance of getting maintenance work as more than two thirds of customers then resort to independent repair shops and mass merchandiser tire, transmission, brake and muffler chains. Continue reading →

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Dallas Resident is OnStar’s 2012 Good Samaritan of the Year

Posted on 12 March 2013 by Ken Zino

In advance of National Good Samaritan Day on Wednesday, OnStar named Tyler Andrews its 2012 Good Samaritan of the Year. The Dallas resident while driving onto the southbound entrance ramp of the Dallas North Toll Way in his GMC Sierra last year saw a Ford Expedition stopped in the middle of the ramp. Andrews pulled alongside the vehicle and found an unresponsive man, along with his wife and three daughters. Continue reading →

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Volkswagen to use CO2 as Air Conditioning Refrigerant

Posted on 12 March 2013 by Ken Zino

The Volkswagen Group is developing air conditioning systems that use CO2 as the refrigerant. Currently automotive air conditioners, depending on age, use R12, which is banned because of global warming effects, R134a, a replacement for R12, which is also now being phased out for its role in global warming, and its replacement R1234yf, which apparently poses safety threats. Continue reading →

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Taxpayer Held Ally Bank to Sell Mortgage Servicing Rights

Posted on 12 March 2013 by Ken Zino

Ally Financial, the owner of Ally bank and formerly known as GMAC, became insolvent because of its reckless home mortgage lending practices, resulting in a controversial taxpayer subsidized bailout after the housing bubble peaked in 2006 and subsequently burst. Ally is in the process of shedding all liability from what’s left of its mortgage business as it reorganizes as a bank holding company providing consumer banking and auto financing. Continue reading →

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Volkswagen Group to Cut CO2 emissions to 95 g/km by 2020

Posted on 12 March 2013 by Ken Zino

In the ongoing battle of the green press releases, Volkswagen Group has restated its strategic goal of becoming the world’s most “environmentally sustainable” automaker by 2018. The announcement was originally made a year ago when VW Group undertook an ecologically oriented restructuring designed to coordinate responses to increasingly tough global regulations covering vehicles and how they are made and recycled. Continue reading →

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Light Vehicle Sales Slow in February to 79.7M SAAR

Posted on 11 March 2013 by Ken Zino

Global light vehicles sales slowed in February for a seasonally adjusted annualized rate or SAAR of 79.7 million units. Some of the decrease was due to the timing of the Chinese New Year during the month instead of January. The consultancy LMC Automotive claimed that the first two months taken together are running as 82.7 million units per year, and is likely a more stable measure of recent demand levels. Continue reading →

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Volkswagen Brand Global Sales up 9% Year-to-Date

Posted on 11 March 2013 by Ken Zino

Volkswagen delivered 893,400 passenger vehicles during the first two months of 2013, a +9.1% improvement from 2012 at 818,800. The success of the volume brand from the VW Group is key to realizing its ambitions to be the world’s largest automaker by 2018, a position now held by Toyota Motor Corporation. This year, the VW group is closing in on General Motors Company for the Number Two spot. Continue reading →

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Porsche Sales Rise 18% in February Led by 31% U.S. Gain

Posted on 11 March 2013 by Ken Zino

Porsche sold 10,454 sold new vehicles in February 2013, an increase of 18.2% in comparison to the same month last year. The Porsche model most in demand worldwide was the Cayenne SUV once again at 5,637. Almost 2,000 911 models were sold.The former sports car maker, now luxury vehicle manufacturer fully owned by the Volkswagen Group, saw particularly strong sales in the U.S. at 3,225, a 31% increase in its largest market. Year-to-date Porsche sales at 22,515 are up 22% globally. VW Group is closing in on GM as the world’s second largest automaker and wants to be Number One in global auto sales by 2018. Continue reading →

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Land Rover Shows a 9-Speed Automatic Trans at Geneva

Posted on 6 March 2013 by Ken Zino

Land Rover showed the world’s first 9-speed automatic transmission for a light duty vehicle at the 2013 Geneva Motor Show. The ZF 9HP transmission is said to be specifically designed for transverse applications, and is claimed to be one of the most efficient and technically advanced transmissions ever used in a production vehicle. The first volume production will come later this year in the Range Rover with the 9HP manufactured at ZF’s Gray Court facility in South Carolina. Continue reading →

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Rising Truck Sales Cause Offshore Brands to Lose Share in February

Posted on 4 March 2013 by Ken Zino

Five of the Top Ten selling vehicles in February were offshore nameplates. These leading vehicles experienced an average sales improvement of 11.1%. The Ford F-Series and Chevrolet Silverado pickups maintained their first and second positions. In third and fourth place, respectively, the Toyota Camry and Honda Accord continue to be the most preferred cars in the U.S. The Nissan Altima moved into the sixth position, up from number eight last month. The Toyota Corolla/Matrix, in number seven, Ford Escape in eight, Ram pickup in ninth and Honda Civic, number ten, completed the Top Ten Seller list. Continue reading →

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Ford Motor U.S. Sales Up 9%, Pacing Market Recovery

Posted on 1 March 2013 by Ken Zino

Ford Motor Company’s U.S. February sales increased 9% to 195,822 vehicles, its best February in six years. Cars were up 6%, sport utility vehicles rose by 21%, while trucks increased 4%. The only bad news was moribund Lincoln, which saw sales decrease 30% to 4,900 vehicles in spite of an expensive brand-image advertising campaign that doesn’t have a flagship vehicle to promote. Continue reading →

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