Category Archives: results

Mazda Atenza on Sale in Japan, Comes to U.S. Next Year as Mazda6

The Mazda6 is due in the U.S. next year where the family car market is much larger and much more competitive. Year-to-date Mazda sold 31,000 of the older 6 sedan in a segment dominated by the newly revised Toyota Camry, Honda Accord models, both of which are now selling almost 30,000 units a month and the Nissan Altima at 26,000 a month. Two Japanese variations of the new Mazda6 present additional sales opportunities for the U.S. subsidiary. Continue reading

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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

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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

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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

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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

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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

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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

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Offshore Brands Hold Share in U.S. Auto Sales During Stormy October

If there is any weakness in the Detroit Three, it remains passenger cars. Not one Chrysler, Ford or GM car occupied a spot on the Top Ten Selling list. This, once again, shows how entrenched Japanese automakers are in the small- and mid-size car segments, which now comprise 73% of the car market, good for total sales of more than 402,000 cars in October of 2012. Continue reading

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GM Ups its Revolving Credit Agreements to $11 Billion

General Motors Company has doubled it revolving credit agreements to $11 billion, up from an existing deal that provided $5 billion dollars, which was negotiated post bankruptcy in October of 2010. The new credit pact contains a $5.5 billion three-year line and a $5.5 billion five-year line that the U.S.’s largest automaker can draw from.

U.S. taxpayers still hold 32% of GM and its common stock pays no dividend, but the agreement helps strengthen the balance sheet ultimately leading the way for a stock sale. Continue reading

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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

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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

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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

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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

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Chinese Auto Industry Initial Quality at All Time High

Chinese automakers made large improvements in initial quality during 2012, narrowing the gap between domestic and international brands. As a result, the auto industry in the world’s largest auto market set a record low in overall average problems per vehicle. Continue reading

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Hyundai and Kia Caught in EPA Mileage Rating Fraud

The U.S. Environmental Protection Agency (EPA) today announced that Hyundai Motor America and Kia Motors America will lower their fuel economy (mpg) estimates for the majority of their model year 2012 and 2013 vehicles after EPA testing found “discrepancies” between agency results and data submitted by the company. The fraud produced mileage claims that could be as much as 6 mpg higher than EPA tests showed. About 900,000 vehicles are affected in the largest mileage scam to date. Continue reading

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