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Category Archives: results
Cadillac ELR to be Built at Detroit-Hamtramck
Development of the Chevrolet Volt-based Cadillac ELR is now underway, and GM has just confirmed that the ELR will be built at the GM’s Detroit-Hamtramck plant. The on again/off again program is based on the Converj concept first shown at the 2009 North American International Auto Show as General Motors was hurtling toward a bankruptcy reorganization. Converj, err ELR, will be GM’s second hybrid after the Chevrolet Volt/ Holden Volt/ Opel Ampera when it appears late in 2013 as a 2014 model. Continue reading
A123 Files Bankruptcy. Johnson Controls to Purchase its Auto Assets
A123 Systems (Nasdaq: AONE), a developer and manufacturer of nanophosphate lithium iron batteries and systems, today filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. A123 ran out cash as demand for EVs and its batteries remains weak to almost non-existent. As part of a proposed reorganization Johnson Controls (NYSE: JCI) will supply $72.5 million in “debtor in possession” financing to support A123’s continued operations as JCI purchases parts of A123. Continue reading
Posted in auto news, electric vehicles, financial results, news analysis, results
Tagged a123, auto informed, autoinformed.com, automotive news, doe loans, EVs, fisker, Ken Zino, taxpayer subsidies
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September EU Vehicle Sales Drop 11%. Eurozone Crisis Unabated
EU new vehicle registrations continued their downward slump in September declining 11% from September 2011. It was the twelfth straight month of sales declines across the economically embattled Eurozone as the trade bloc comprised of 27 bickering nations or tribes heads for its fifth straight year of declining sales. Continue reading
Posted in auto news, economy, marketing, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, eu, eu sales, Ken Zino, september eu sales
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Ford and GM Set China Vehicle Sales Records in September
General Motors Company and Ford Motor Company have set September sales records in China, the world’s largest automarket. The results were in keeping with the disparate positions of the Number One and Number Two U.S. automakers in the communist country. Continue reading
Posted in auto news, marketing, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, china auto sales, communist capitalism, ford china, gm china, Ken Zino
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Los Angeles Most Congested of any City in the U.S. and Canada
Los Angeles traffic remains the most congested of any city in the U.S. and Canada, according to a survey just released. Trip times in Los Angeles are 33% longer on average than when traffic in the city is flowing freely, and a whopping 74% longer during evening rush hour. Other congested cities include Vancouver 33%, San Francisco 29%, Montreal 28%, Toronto 27%, Washington 26%, Seattle 26%, New York 25%, Chicago 23% and Miami 22%. Continue reading
Fiscal Cliff Applies to U.S. Auto Sales Post Election. Yes or No?
Nevertheless, in keeping with Harry Truman’s failed search for a one-handed economist, the rating agency hedged its prediction. “Regarding the fiscal cliff, in our opinion, it is likely that all or some of the tax increases and spending cuts will be resolved or at least temporarily deferred,” Fitch backpedaled, in the same report.
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Posted in auto news, economy, news, sales
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Ally Financial Declares Dividends on Preferred Stock
The Ally Financial board of directors has declared a quarterly dividend on outstanding preferred stock effective 15 November 2012. A payment of approximately $134 million, or $1.125 per share, will go to the U.S. Treasury, which has invested $17.2 billion in keeping Ally, formerly GMAC, in business as a bank holding company. Continue reading
Posted in auto news, economy, financial results, news analysis, results
Tagged ally, auto bailout, auto informed, autoinformed.com, automotive news, gmac, Ken Zino
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Ford Motor and General Motors Declare Stock Dividends
The Boards of Directors of Ford Motor (NYSE: F) and General Motors Company (NYSE: GM) have declared quarterly stock dividends, as the U.S. auto industry continues its slow financial recovery because of increasing auto sales. Continue reading
U.S. Motorcycle Thefts Decrease to One Every 11 Minutes
The National Insurance Crime Bureau today said that motorcycle thefts were down 6% in 2011 from their 2010 total. This means 46,667 motorcycles reported stolen in 2011 compared with 49,791 in 2010. The theft rate, which sounds low, actually averages to one motorcycle theft every 11 minutes. Continue reading
GM Ren Cen Honors Triple Crown of Tiger Miguel Cabrera
General Motors is adding three panels to its changing LED sign atop its Renaissance Center headquarters this weekend to celebrate Detroit Tigers third baseman Miguel Cabrera’s winning the American League Triple Crown. Cabrera led the league during the 2012 regular season in the batting average (.330), runs batted in (139) and home runs (44), and if there’s any justice in the baseball world should be the most valuable player when the votes are tallied, unless something, well, fishy occurs.. Continue reading
Posted in auto news, marketing, milestones, news, people
Tagged auto informed, autoinformed.com, automotive news, detroit tigers, gm ren cen, Ken Zino, miguel cabrera, mlb
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Toyota, Honda Post Huge September Sales Gains, Nissan Stalls
Worrisome for competitors were increases in market share of 2.6% at Toyota, and 1.2% at Honda year-over-year, according to AutoData. Each percentage point in share is worth roughly $1 billion dollars in profits, according to an old industry rule of thumb. Left as road kill was Nissan whose share dropped more than 1% with sales of 92% units. Continue reading
Posted in auto news, marketing, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, honda, hyundai, imports, Ken Zino, kia, nissan, results, september sales, toyota
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Chrysler Group Reports September 2012 U.S. Sales Increase of 12%
Chrysler Group reported U.S. sales of 142,041 units, a 12% increase compared with sales in September 2011 (127,336) – the group’s best September since 2007 before the reckless practices of Wall Street collapsed the housing market and the economy. Of the Detroit Three automakers, Chrysler put in what was arguably the best performance of the month by nearly matching overall industry growth of 13%. Continue reading
Posted in marketing, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, chrysler group sales, Fiat, Ken Zino, u.s. sales
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General Motors September U.S. Vehicle Sales Up Slightly
General Motors reported September U.S. vehicle sales of 210,245 vehicles, an increase of 1.5% compared year-over-year to September 2011 in an industry that grew by 14.5%. GM sales executives, looking for a bright spot, said that passenger car sales increased to 89,000 from 69,000 for September, or +29%, compared to an industry gain of +23.5%. All GM brands increased their retail sales in what was another tough month for the U.S.’s largest automaker. The largest U.S. automaker now unquestionably has a better sales mix with calendar year-to-date sales of 813,000 cars, 678,000 trucks and 478,000 crossover vehicles. GM sales year-to-date are up 3.4% in an industry that recovered at four times that rate, though. The tepid or turn-around GM sales – choose your interpretation – GM are the sum of a complex three-dimensional game, which attempts to balance profits, capacity, competitive actions and momentum, with still badly needed brand rebuilding. Continue reading
Posted in auto news, news analysis, results, sales
Tagged auto bailout, auto informed, autoinformed.com, automotive news, gm results, Ken Zino, results, truck sales
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Ford Motor U.S. Sales Flat in September
September U.S. vehicle sales at Ford Motor were the same as last year,175,000, as the Dearborn-based automaker continues to lag market growth. A variety of factors – including inventory shortages, the result of deficient forecasting made early in the Great Recession when Ford jettisoned (too) many workers and plants, as well as necessary new model changeovers now underway are clearly hurting results.
Projections put the overall U.S. industry up more than 12% when final numbers are available late today [September came in at +13%], with Japanese makers Toyota, Nissan and Honda expected to post double-digit increases as car segments continue to boom because of $4 a squirt gasoline. Once again, this month Toyota – now fully back in production – challenged Ford for the Number Two U.S. sales position with monthly sales of 171,910 units.
The subcompact, compact and midsize car segments are expected to show retail sales growth of at least 25% percent, compared with September 2011, according to a projection by J.D. Power and Associates. Japanese automakers have strong reputations and residual values in these segments, which result in attractive pricing, buyer loyalty and increasing sales. Continue reading
Posted in auto news, marketing, results, sales
Tagged auto informed, autoinformed.com, automotive news, f-series, Ken Zino, results, small car sales
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