Category Archives: results

Porsche Leipzig plant builds 500,000th Vehicle

Posted on 29 June 2012 by Ken Zino

Earlier this year, Porsche marked the tenth anniversary of what was at the time a controversial expansion into the truck market. However, after the Porsche factory opened in Leipzig during 2002 to build the Cayenne SUV it proved to be a successful investment that has since grown to produce another controversial – but just as profitable vehicle – the Panamera sedan. Continue reading →

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BMW Group and Toyota Motor Expand Collaboration

Posted on 29 June 2012 by Ken Zino

Akio Toyoda, President of Toyota Motor Corporation, met today with Norbert Reithofer, Chairman of the Board of Management of BMW AG, at the BMW Group headquarters in Munich to announce the planned expansion of their existing cooperation that started last year. Continue reading →

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Pratt & Whitney of United Technologies Guilty of Criminal Charges for Helping China Develop a Military Attack Helicopter

Posted on 28 June 2012 by Ken Zino

Pratt & Whitney Canada, a Canadian subsidiary of the Connecticut-based defense contractor United Technologies Corporation, today pled guilty to violating the Arms Export Control Act and making false statements in connection with its illegal export to China of U.S.-origin military software used in the development of China’s first modern military attack helicopter, the Z-10. Continue reading →

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Automakers Protest EU Korean FTA Deal is One Sided

Posted on 28 June 2012 by Ken Zino

European automakers are protesting that EU-South Korea FTA one year later has resulted in massive increases for Korean exports of passenger cars, yet only relatively modest gains for the EU auto industry. The European Automobile Manufacturers Association (ACEA) took the opportunity of the first anniversary of the Korean FTA coming on 1 July to draw attention to what it called an “unbalanced situation.” Continue reading →

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Milestones – Compact BMW X1 SUV Reaches 300,000 in Sales

Posted on 28 June 2012 by Ken Zino

Since its fall of 2009 introduction the compact BMW X1 sport utility vehicle has reached 300,000 in global sales, the German Automaker said today. The X1 was arguably the first luxury cute ute, and the fourth addition to the BMW crossover lineup from a maker once largely known for its sports sedans. Continue reading →

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Ford’s Original Model T Piquette Plant now Open to Public

Posted on 26 June 2012 by Ken Zino

The Ford Piquette Avenue plant and the office where Henry Ford created his historic Model T car is now welcoming visitors. The century-old building has been restored by a group of preservationists and Ford history enthusiasts who have worked for a decade to renovate it. The first 12,000 Model T cars were built at Piquette, starting in September 1908. Continue reading →

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Massive Recall on Chevrolet Cruze for Fires Caused by Leaks

Posted on 26 June 2012 by Ken Zino

Chevrolet is recalling more than 410,000 Cruze models because oil and fuel leaks can cause fires. Model year 2011 and 2012 Cruze compact sedans are affected by the safety defect. In required filings with NHTSA, GM said that it would modify the engine shield under the vehicle. This change will help prevent any liquids from being trapped in the engine compartment, where a fire could start and spread. The GM safety action was prompted by customer complaints to NHTSA about smoke or fires in the engine compartment. It appears that careless oil changes are responsible for the oil leaks Continue reading →

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Toyota Leads 2012 Best Global Green Brands Report

Posted on 26 June 2012 by Ken Zino

Toyota retained its number one position in the annual “Best Global Green Brands” report published by Interbrand today. The report gauges the gap between public perception of a brand’s environmental performance or green image compared to actual environmental practices using publicly available data and information. Continue reading →

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Tesla Motors Delivers First Model S EVs at $100,000

Posted on 25 June 2012 by Ken Zino

Tesla Motors delivered its first electric Model S sedan over the weekend at its factory in Fremont, California. The financially challenged company – it has never earned a profit – says it will build 5,000 electric vehicles by the end of 2012, followed by 20,000 cars in 2013. Tesla claims it has already received more than 10,000 reservations worldwide for Model S. Continue reading →

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Toyota France to Export Yaris to North America in 2013

Posted on 22 June 2012 by Ken Zino

Toyota Motor Manufacturing France announced today that as of May 2013, it will start building the Yaris compact car for export to the United States of America, Canada and Puerto Rico. The annual export volume is about 25,000 units. The surprising move is both a hedge against the strong Japanese Yen that makes exports form the land of the rising sun unprofitable, as well a defensive capacity move against the ongoing collapse of the Western European economy that has seen car sales plummet for five straight years with no end to the decline in sight. Continue reading →

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Diesel to Comprise More than 12% of Global Sales by 2018

Posted on 22 June 2012 by Ken Zino

A new report claims that rising fuel prices and stronger fuel economy regulations will increase demand for diesel vehicles in markets around the world. Sales of diesel vehicles will increase from 9.1 million in 2012 to 12.1 million annually by 2018, with diesels representing 12.4% of all light vehicle sales by the end of that period. Continue reading →

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Volaris Fined by DOT for Failing to Disclose Baggage Fees

Posted on 22 June 2012 by Ken Zino

The U.S. Department of Transportation today assessed a fine of $130,000 against the Mexican airline Volaris for failing to inform consumers that they may have to pay baggage fees when buying a ticket on the carrier. This is the first penalty assessed for a violation of the provisions of the Department’s new aviation consumer rule that took effect this past January. Continue reading →

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June U.S. Auto Sales to Increase by 15% to 11.9 m SAAR

Posted on 22 June 2012 by Ken Zino

June new-vehicle retail sales in the U.S. are projected to come in at 994,800 units, which represent a seasonally adjusted annualized rate or SAAR of 11.9 million units. Volume is expected to increase 15%, compared with June 2011, after adjusting for one additional selling day this month. While still far below the level of sales pre-Great Recession, total light-vehicle sales are forecasted at 14.5 million units with retail sales at 11.6 million units. Continue reading →

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U.S. Wins WTO Dispute with China Over Steel Duties

Posted on 22 June 2012 by Ken Zino

The United States has prevailed in a World Trade Organization or WTO dispute over China’s imposition of anti-dumping and countervailing duties on flat-rolled electrical steel from the United States. The duties affected a substantial amount of United States trade in U.S. steel products. After talks with the Chinese failed to resolve the matter, the WTO established the panel in March 2011. Continue reading →

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Honda World’s First Company to Reveal Third-party Validated Estimates of Global CO2 Emissions during Product Use

Posted on 20 June 2012 by Ken Zino

Honda Motor Company said in Japan today that it is the world’s first mobility company to disclose estimated global CO2 emissions during customer use of its motorcycles, automobiles and power products. The move will likely force other automakers who claim to be green into similar disclosures. A next step could be window or product stickers that list the effects of their use on the environment. Continue reading →

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