Category Archives: results

Volkswagen Group To Build New Plant in Urumqi China

The Volkswagen Group and China First Automobile Group Corp (FAW) also agreed on plans to extend the FAW-Volkswagen joint venture originally set up in 1991 by another 25 years. In 2011, market leader General Motor’s China sales were at 2.55 million and Volkswagen Group was second at 2.26 million. Continue reading

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Earth Day Milestones – History of Auto Air Pollution Regs

As we celebrate Earth Day here’s a list of important dates in the fight against automotive or so-called mobile source air pollution. In 1970, Congress passes the first major Clean Air Act, requiring a 90% reduction in emissions from new automobiles by 1975. Congress also establishes the U.S. Environmental Protection Agency (EPA), giving it broad responsibility for regulating motor vehicle pollution. Continue reading

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Auto Dealer Profits Dropping in China

The Chinese auto market only grew by 5% during 2011, by far the lowest growth rate of the 21st century, as the communist central government deliberately slowed the economy in an attempt to fight inflation. Still, 2012 is forecast to result in sales approaching 20 million vehicles – 6 or 7 million more than the projected United States light vehicle market. Continue reading

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Bentley Mulsanne Diamond Jubilee Debuts in Beijing

Bentley unveiled the first example of its new Mulsanne Diamond Jubilee Edition, which will be limited to 60 cars – one per year of the Queen’s reign. The car for one-per centers – or even 0.01-percenters – is expected to sell for more than $960,000. Continue reading

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Toyota Russia to Add Second Shift at St. Petersburg Plant

Production of the new Toyota Camry began at TMMR in November 2011. Camry sales increased 66% year-on-year in Q1 of 2012, while sales of Toyota vehicles in the Russian market increased by 22% to 32,859 units during the same period. Continue reading

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Acura 2013 ILX Compact Starts at $26,795 this May

The hot selling Civic costs several thousand dollars less, but if you think this car is cool then you will fork over the extra money for what Acura hopes will be perceived as “smart luxury.” Continue reading

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Volkswagen Shareholders Approve Dividend Increase

The shareholders at the 52nd Annual General Meeting of Volkswagen Aktiengesellschaft voted by a majority of 99.96% to pay a dividend of €3.00 (previous year: €2.20) per ordinary share and €3.06 (€2.26) per preferred share as recommended by the Board … Continue reading

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Spring Auto Selling Season Sags as April Sales Rate Slows

Even rich people are apparently now concerned about the large depreciation rates of their luxury vehicles, which drives up the cost of ownership as trade-in values or lease residuals droop. The improved content and features in recent non-luxury vehicles offer a better value for consumers returning to the marketplace, especially if their needs are not ego driven. The problem for automakers is compounded by market forces, which are prompting free maintenance on non-luxury cars, once the sole province of expensive vehicles. Continue reading

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Changan Ford Mazda to Build a New Plant in Hangzhou China

Ford Motor Company today announced it would build a new assembly plant in Hangzhou, China, adding 250,000 units of capacity. This latest $760 million investment by Ford and its communist-government required joint venture – Changan Ford Mazda Automobile – will … Continue reading

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DOE Gives EV Supplier UQM More Time on ARRAS Grant

The politically contentious American Recovery and Reinvestment Act contained billions upon billions in taxpayer funding to businesses though a number of Recovery Act and related programs, including loans, loan guarantees, grants, contracts and tax incentives, in partnership with the Department of Treasury. In total, CBO estimates that the legislation will increase budget deficits by about $831 billion over the 2009–2019 period. Continue reading

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Ford China Sales Drop Again in Q1 as March Continues Slump

This is the third straight monthly decline for Ford in China, and it comes at a time when Ford is aggressively expanding its capacity there, an unfortunate development for shareholders and the Ford balance sheet, which needs the cash flow from increasing sales to build new plants. All major automakers have announced ambitious expansion plans in China, the world’s largest auto market. However, in 2011 the Chinese auto market only grew by 5%, by far the lowest growth rate of the 21st century, as the communist central government deliberately slowed the economy in an attempt to fight inflation. Continue reading

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March, Q1 EU Sales Drop Again. Eurozone Crisis Continues

If this trend keeps up, and given contractionist policies of the EU governments, there is no reason to predict any economic stimulus, 2012 might see an even greater drop in auto sales than those incurred during the Great Recession in 2008-2009. Continue reading

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EPA Releases 2010 U.S. Greenhouse Gas Inventory

The U.S. Environmental Protection Agency released today the 17th annual U.S. greenhouse gas inventory. The final report shows overall emissions in 2010 increased by 3.2% from the previous year because the economy expanded slightly. In addition, a factor was an … Continue reading

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Taxpayers to Turn Profit from Controversial TARP Bailouts

TARP, arguably the most contentious of the Federal government’s attempts to stop the U.S. and global economies from sliding into another Great Depression or worse, prevented the collapse of the financial system by bailing out profligate and reckless Wall Street firms. To date not one person has been successfully prosecuted for the rampant financial fraud that caused the housing and stock markets to collapse. Continue reading

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Global Auto Sales Forecast to Top 79 Million in 2012

The positive trend in auto sales is pointing to the best year since 2007, before the reckless practices of Wall Street sent economies into the Great Recession, and caused large unemployment rates and deficits in most countries. Continue reading

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