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Toyota Recalls 150,000 Tacoma Pickups for Rust and Corrosion
Toyota Motor Sales, U.S.A. is recalling 150,000 Tacoma pickup trucks from the 2011 to 2004 model years because corrosion can suddenly jettison the spare tire from under the bed. While U.S. Tacoma sales for those years are much higher, only vehicles originally sold or currently registered in 20 cold climate states and the District of Columbia will be inspected and have the spare tire carrier assembly replaced if need be. Critics of such limited actions maintain they do not fix all the potentially unsafe vehicles. Automakers use them to cut down on the costs of a full recall. Continue reading
U.S. Auto Sales to Continue Upward in Latest November Forecast
November U.S. auto sales for new retail vehicles are now predicted at 931,900 cars and light trucks, a 14% bump up year-over-year, which would mean a seasonally adjusted annualized rate or SAAR of 12.9 million units. If accurate, November would see the highest retail rate for the auto industry since January 2008, before the corrupt practices of Wall Street collapsed the global economy and caused the Great Recession alter that year. Retail transactions are said to be the most accurate measurement of true underlying consumer demand for new vehicles. Continue reading
Posted in auto news, economy, sales
Tagged auto informed, autoinformed.com, automotive news, j.d power, Ken Zino, november sales
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Milestones: One Million Fiat 500 Cars. EV Comes to California in 2013
The one-millionth Fiat 500 left the Fiat Auto Poland production line. Since its reappearance in 2007, the tiny Cinquecento or 500 has been sold in more than 100 countries – from Italy to Brazil, South Africa to Japan, and the United States to the Middle East – while also being produced in Toluca, Mexico, since 2011 as a requirement for taxpayer funding for fuel efficient cars that was part of the conditions for Chrysler’s bankruptcy bailout. More than 70,000 have now been sold in the U.S. The 500 in its most fuel-efficient manual transmission version is rated at 31 mpg city and 40 mpg highway by the EPA. Continue reading
Posted in auto news, electric vehicles, milestones, new vehicle
Tagged 500e, auto informed, autoinformed.com, automotive news, fiat 500, Ken Zino, marchionne
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EU Car Sales Continue to Evaporate in October – Off -5%
The economic decline of the European Union continued in October as sales of new passenger cars contracted by 5% to 959,412 compared to October of 2011. It was the thirteenth straight month of sales declines across the economically embattled Eurozone as the trade bloc comprised of 27 bickering nations is unable to move out of the economic doldrums. Continue reading
Posted in auto news, economy, news analysis, sales
Tagged auto informed, autoinformed.com, automotive news, chrysler europe, eu, eu sales, eurozone, fiat europe, ford Europe, gm europe, Ken Zino
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Bankrupt American Suzuki can sell off Cars with Ally Credit
American Suzuki Motor Corporation today said that it has received Bankruptcy Court approval of an agreement with Ally Financial to continue providing dealer and buyer financing while it sells off its remaining inventory of small cars. The U.S. Treasury, courtesy of taxpayers, currently holds about 74% of Ally common equity after a bailout, and $5.9 billion in mandatory convertible preferred securities, which have a dividend rate of 9%. Continue reading
Chinese Motorcycles, RVs and Engines Violate Clean Air Act
Senior executives at two vehicle and engine importers in California will pay a $50,000 penalty because the products sold were in violation of Clean Air Act regulations. The defendants, Yuan Cheng International Group, Inc. (YCIG) and NST, Inc. (NST), located in Montclair, California, allegedly imported and sold vehicles and engines from China that had excessive levels of emissions. Continue reading
Posted in auto news, fools 'n frauds, fuel economy or emissions, people
Tagged air pollution fines, auto informed, autoinformed.com, automotive news, china, doj, epa, Ken Zino
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Ford China Sales Grow in October as Focus Dominates Results
Ford Motor and its communist government dictated partners set a sales record during October in China as the firms sold 60,518 cars and light trucks. Market leader General Motors sold more than 250,000 vehicles during the same period in the world’s largest car market. Continue reading
Posted in auto news, marketing, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, ford china, Ken Zino
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New Auris, aka Corolla, in UK Production. Hybrid U.S. Bound?
What’s interesting about the Auris is its 1.8-liter hybrid powertrain; Burnaston was the first automobile factory in Europe to build a mainstream hybrid vehicle – Auris Hybrid in 2010.The 1.8-liter hybrid could easily find its way into a U.S. Continue reading
GM Sells More Than 250,000 Vehicles in China – an October Record
General Motors and its communist government required joint ventures sold 251,812 vehicles in China, a record for the month of October. Sales were up 14% on an annual basis, as GM’s major brands in China reached new highs for the month in the world’s largest auto market. GM is the largest automaker in the Chinese market. Continue reading
Posted in auto news, marketing, sales
Tagged auto informed, autoinformed.com, automotive news, gm china, Ken Zino
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American Suzuki Bankrupt. North American Sales to Cease
American Suzuki Motor Corporation is seeking Chapter 11 bankruptcy protection for its U.S. auto business with the intention of ceasing the sale of vehicles in the U.S. In October of 2012, Suzuki sold just 2,039 of small cars and light trucks or 0.018 % of the U.S. retail auto market. Continue reading
Ford, University of Michigan Hunt Smelly Microbes in Auto Interiors
Ford Motor Company and University of Michigan Researchers are studying microbes in automobiles that spread over interior surfaces causing discoloration and odors. Ford wants to know where microorganisms grow to develop antimicrobial additives for its coatings on interior surfaces. Continue reading
Toyota Makes $3.2 Billion Because of Sales Increases, Cost Cutting
Toyota Motor Corporation in Japan this morning reported Q2 Japanese fiscal year revenues of ¥5.4 trillion ($68.4 billion *), up 18.2% and operating income of ¥340 billion ($4.3 billion) vs. ¥75.4 million last year. Net income was up 220% to ¥257.9 billion yen ($3.2 billion). As a result, Toyota increased the dividend on its stock to ¥30 per share, Continue reading
Posted in auto news, financial results
Tagged auto informed, autoinformed.com, automotive news, Ken Zino, toyota earnings, toyota motor
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