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Category Archives: results
Nissan Posts Operating Profit of ¥45.8 Billion For F.Y. 2011
The Nissan results with a net of $4.32 billion was in sharp contrast to Toyota Motor Corporation’s F.Y. net profit decline to ¥283.56 billion or $3.6 billion, a -31% decrease. Nissan also out performed Honda Motor whose net profit declined slightly at ¥211.4 ($2.627 billion) for a -3.5% drop. Continue reading
Carroll Shelby – Sports Car Racer and Builder – Dead at 89
Carroll Hall Shelby, a legendary sports car racer and builder died Thursday at age 89, his company, Carroll Shelby International, said today. The creator of the Cobra, Shelby passed away yesterday at Baylor Hospital in Dallas. Carroll Shelby is the only man to have won the 24 Hours of Le Mans race as a driver, team owner and automotive manufacturer. Shelby once told me that he “spent a ton of old man Ford’s money, and kicked Ferrari’s ass,” which his team did for successive years at the 24 Hours of Le Mans until a rule change made the brutally fast and reliable cars illegal. Continue reading
Posted in auto news, milestones, news, people, racing
Tagged ac cobra, auto informed, autoinformed.com, automotive news, carroll Shelby, carroll shelby obit, ford gt, Ken Zino, lemans
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Justice Department Seizes Chinese Counterfeit Sports Jerseys
Why the Obama Administration in general, and the State Department under Secretary of State Hillary Clinton have not taken stronger actions against ongoing corrupt Chinese business practices is an unanswered issue here. Why Major League baseball and the National Football League, among other sports organizations, remain silent over the widespread counterfeiting of their apparel is a disgrace and mocks their hard-working, law-abiding U.S. fans. Will the multi-millionaire players living off law-abiding fans ever wake up and demand action or are they too rich to care? Continue reading
Volkswagen Group April Sales at 732,000 are Up 6%
The Volkswagen Group in Wolfsburg today said sales increased for the month of April to 732,000 vehicles. Compared to April 2011 at 690,800, this represented a 6% gain. Year-to-date VW Group sold 2.89 million vehicles for an increase of 8.6% percent (January-April 2011: 2.66 m). Europe’s largest automaker and the Number Two Global automaker behind General Motors outperformed the overall market, which grew by 6% during the year.
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Posted in auto news, results, sales
Tagged april results, audi, auto informed, autoinformed.com, automotive news, Ken Zino, results, seat, skoda, volkswagen, vw group
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Thirty Percent of Ford Shareholders Vote against Family Control
While a grand total of 63 people bothered to attend the Ford Motor Company annual meeting of shareholders in Wilmington, Delaware today, 29.5% of investors or 1,283,063,982 of them voted against Ford family control of the company through their holdings of Class B stock, which has 16 votes per share as opposed to one per share of common, assuming no one in the Ford family voted for losing power.
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Ford China Sales Rebound in April with 24% Gain
After three straight months of declining sales in China, Ford Motor said today that sales increased 24% year-over-year to 54,881 based on wholesale deliveries. Ford China has now sold 176,274 vehicles year-to-date in China. Market leader General Motors and its communist government required joint ventures in China set a domestic sales record for April of 227,217 vehicles. Demand was up 11.7% from the same month in 2011. Its performance in April took GM’s sales for the first four months of the year to 972,369 units, an increase of 9.4% on an annual basis. GM has now sold more than one million vehicles in China. Continue reading
Posted in auto news, marketing, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, chine, ford china, Gary Johnson, gm china, Ken Zino, Kumar Galhotra, Marin Burela
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EPA Drops Gas Station Vapor Recovery Regulation
In an election year where all federal agencies are incorporating political talking points from the ruling party into their releases, EPA claimed this final rule is part of the Obama Administration’s initiative to ensure that regulations protect public health and the environment without being unnecessarily burdensome to American businesses. Significantly, no health or environmental effect data were provided in the EPA release. Continue reading
Toyota Motor 2012 Results Down 31% to $3.6 Billion Profit
Toyota Motor posted results for Fiscal Year 2012 ending 31 March that saw its net profit decline to ¥283.56 billion or $3.6 billion. A strong recovery in sales and earnings in the second half of the fiscal year was not enough to offset a poor first half, which was hurt by natural disasters in Japan and Thailand, which disrupted production. Continue reading
Posted in auto news, financial results, results
Tagged auto informed, autoinformed.com, automotive news, fy 2012 results, Ken Zino, results, tms, Toyota results
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Daimler Q1 Net Profit of €1,416 Million is Up 20%
Daimler said the increase came from the ongoing growth of unit sales at Mercedes-Benz Cars and Daimler Trucks. In the first quarter of 2012, the Daimler Group sold a total of 502,100 cars and commercial vehicles worldwide, up 9% from Q1 2011. Daimler expects to sell more than 2.1 million vehicles globally during 2012. Continue reading
Posted in auto news, financial results, results
Tagged auto informed, autoinformed.com, automotive news, daimler results, dieter zetsche, Ken Zino, q1 results
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Bankrupt Hawker Beechcraft Pensions Only 56% Funded
Collectively, Hawker Beechcraft’s three pension plans are only 56% funded, with $769 million in assets to cover $1.4 billion in benefits. If Hawker Beechcraft ended the plans under the bankruptcy, the Pension Benefit Guaranty Corporation of the U.S. Federal government would pay $533 million of the $611 million shortfall. PBGC is the company’s largest creditor. Continue reading
Posted in aviation, financial results, labor issues, news, news analysis, results, transportation
Tagged auto informed, autoinformed.com, automotive news, aviation, bankruptcy, goldman sachs, hawker beechcraft, Ken Zino, onex, pbgc, steve miller
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Windsor, Canada to Buy Chinese BYD Electric Buses
The agreement also opens talks to bring manufacturing of BYD buses to the Ontario region in the near future. BYD has delivered over 300 all-electric buses worldwide and has orders for over 1300 more in 2012, making it apparently the largest electric bus manufacturer in the world. Continue reading
Toyota to Boost 4-Cylinder Engine Capacity in Kentucky
The additional capacity will result in only 80 new jobs since engine plants are highly automated, and require few skilled workers to monitor the computerized processes that do much of the work. Continue reading
Milestones: Ten Years of Porsche Leipzig SUV and Sedan Plant
Porsche has marked the tenth anniversary of what was at the time a controversial expansion into the truck market. However, the Porsche factory opened in Leipzig during 2002 to build the Cayenne SUV has proved to be a successful investment that has since grown to produce another controversial – but just as profitable vehicle, the Panamera sedan. Continue reading
Posted in auto news, manufacturing, marketing, milestones
Tagged auto informed, autoinformed.com, automotive news, cayenne, Ken Zino, leipzig, Panamera, porsche
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U.S. Treasury to Sell $5 Billion of AIG Stock. Taxpayers Still Owed $39 Billion from Controversial Bailout of Company
Today’s announcement is part of Treasury’s ongoing efforts to wind down the Troubled Asset Relief Program (TARP). More than 81% ($338 billion) of the $415 billion funds disbursed for TARP have already been recovered to date through repayments and other income – before including any expected proceeds from today’s announcement.
Ideologues will never admit it, but TARP is looking like an effective government intervention in the failed capital markets. Little has been done to make sure that it does not happen again in the view of critics. Continue reading
BMW Group Posts Record Sales, Revenues, Earnings in Q1
The BMW Group recorded record sales, revenues and earning during Q1 2012, as the number of vehicles sold by the Group rose by 11.2% to 425,528 units from 382,758 during Q1 of 2011. The BMW, Mini and Rolls-Royce brands all recorded new sales records. This included BMW brand motorcycles at 24,373, +5.5%, which was also the best Q1 sales performance in the company’s history. Continue reading
Posted in auto news, financial results, marketing, results, sales
Tagged auto informed, autoinformed.com, automotive news, bmw group, ebit returns, Ken Zino, mini, norbert reithofer, q1 results, rolls royce
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