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Category Archives: results
Toyota and Tesla to Build RAV4 EV at Toyota’s Woodstock, Ontario Production Facility, Not California
It was a blow to former NUMMI members in Fremont, California whose UAW plant was shut down by Toyota last year. It was hoped that production of the RAV4 EV would go into the plant when Tesla bought it in 2010. Toyota owns a stake in Tesla, and Tesla previously said that a Model S electric sedan will go into production at NUMMI sometime during 2012. Tesla’s latest financial results showed a $59 million loss for Q2. Continue reading
Posted in alternative fuels, auto news, electric vehicles, environment, fuel economy or emissions, manufacturing, new vehicle, news
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, canadian taxpayer subsidies for Toyota, EVs, fremont california, Ken Zino, nummi, pruis, rav4ev, taxpayer ev subsidies, taxpayer subsidies, tesla, toyota ev, Toyota rav4 ev, zino
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July Unemployment Stagnant at 9.1% as only 117,000 Jobs are Created. Almost 14 Million People are Officially Out of Work
The latest negative economic news came after automakers reported that total U.S. light vehicle market in July grew less than 1% from what was a weak July of 2010 as the economy languishes. Continue reading
Posted in auto news, economy, results
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, bls, economy, july unemployment, Ken Zino, u.s. unemployment, unemployment, zino
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Motor City Mice Chuckle over Possible F-Series EcoBoost Fuel Economy Shortfalls. GM Pushing Expensive Eco Options, too
Owners might not be as amused as we mice, given this elaborate gaming of the EPA system by Ford – especially if owners get similar results after paying at least another $1750 compared to the base V6, or $750 more than the V8 option. And virtually all automakers are gaming the system to obtain ratings that buyers may never experience. Continue reading
Posted in alternative fuels, auto news, electric vehicles, fuel economy or emissions, results
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, cruze fuel economy, f-series fuel economy, fuel economy, hybrids, Ken Zino, real world versus epa fuel economy, regal e-assist, zino
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Another 400,000 Apply for Unemployment as Congress takes Month-Long Paid Vacation. No Job Creating Policies in Place
A new U.S. Senate report from the Joint Economic Committee says this: “Two years after the Great Recession officially ended, (Does anybody really believe the recession ended?) unemployment remains above 9% (the real rate is likely 12% or more). Equally alarming, the record long-term unemployment that characterized the Great Recession has shown few signs of abating and remains at near-record levels. Almost 4.5 million workers have been unemployed for a year or more. Another 1.7 million have been jobless for between six months and a year. Continue reading
General Motors Posts Q2 Earnings of $2.5 Billion. Most in N.A.
Virtually all of GM’s earnings – $2.2B – came from North America, a worrisome development for the most international of the Detroit 3, whose largest markets are China, followed by the United States, Brazil, the United Kingdom, Germany, Canada, and Italy.
Earnings were helped by booking revenue from pickup trucks shipped to North American dealers. GM built 516,000 light trucks in Q2, up 14% from a year earlier. Passenger car production increased 10% to 308,000. GM dealers currently have 209,000 pickups in stock – the equivalent of a 115 days supply in an industry that considers 60 days normal. Continue reading
Posted in auto news, financial results, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, earnings, gm earnings, Ken Zino, q2 gm results, results, zino
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Bye Bye American Dream – One in Four Could Not Pay for a Major Auto Repair in Latest AAA Economic Survey
One in four American drivers could not pay for a car repair of $2000 if faced with one today, according to the results of a survey released today by AAA. The survey also said one in eight would be unable to pay for a repair bill of $1000 – easily reached with overly complex vehicles on the road. Continue reading
Posted in aftermarket, auto news, customer satisfaction, economy, financial results, news analysis, people, prices, transportation
Tagged aaa, aftermarket, american dream, auto informed, auto news, auto repairs, autoinformed, autoinformed.com, automotive news, great recession, Ken Zino, new car prices, unemployment, zino
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Korean Auto Sales Surge as Japanese Remain Sidelined
Korean auto sales increased sharply in July while Japanese automakers watched as depleted inventories once again cut into their normal sales levels. Korean automakers Hyundai and Kia posted huge gains and a record month. A combination of high fuel economy and low prices – helped by the Korean Won – saw double-digit sales gains at both automakers. Still, several questions remain about the ability of Korean automakers to continue to grow at the significant rates they have been achieving. Continue reading
Posted in auto news, economy, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, hyundai, july sales, Ken Zino, kia, korean automakers, results, zino
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Japanese Sales: Toyota, Honda Down. Nissan up Slightly in July
There were varying results for Japanese sales in the U.S. sales race in July with Toyota and Honda posting double digit declines while Nissan increased sales from July of 2010. Overall, the total U.S. light vehicle market grew less than 1% from what was a weak July of 2010 as the economy languishes and unemployment remains above 9%. Continue reading
Posted in auto news, economy, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, Honda results, japan earthquake, japanese results, japanese sales, july u.s. sales, Ken Zino, Nissan results, Toyota results, u.s. sales results, zino
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Ford Motor July Sales Up 9% in U.S. Led by Sport Utility Vehicles
Ford Motor Company today said its July sales totaled 180,865, up 9% versus a year ago. Sales were led almost entirely by a 31% increase in sport utility sales, as cars (+3%) and pickup trucks (+0.5%) were basically flat compared … Continue reading
Chrysler Group U.S. July Sales up 20%. Best July in Four Years
The Chrysler, Jeep, and Dodge brands all posted year-over-year sales gains in July, while the Fiat brand registered a 68% increase – albeit only 3,000 units- compared with the previous month of June 2011. Chrysler Group’s car sales increased 28% in July to 28,000 vehicles while truck sales were up 18% at 84,000 units compared with the same month a year ago. Continue reading
Posted in auto news, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, chrysler results, july results, Ken Zino, results, sales results, u.s. sales results, zino
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GM U.S. Sales Increase 8% in July. Cadillac off 26%
General Motors dealers in the United States sold 214,915 vehicles in July, an 8% sales gain compared to July 2010. Retail sales for GM’s brands rose 6% for the month compared to a year ago, and were 1% higher than June, as the U.S. economy continues to struggle with slow – or no growth – and high unemployment rates. Continue reading
Posted in auto news, economy, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, general motors results, gm results, gm sales, july results, Ken Zino, results, zino
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Toyota Posts FY Q1 Loss from Earthquake and Strong Yen
Toyota Motor Corporation (TMC) in Japan today said that operating income decreased from ¥211.6 billion to a loss of ¥108.0 billion, while income before income taxes was a loss of ¥80.5 billion yen. This was Toyota’s first quarterly loss in two years as Net income decreased from ¥190.4 billion yen to ¥1.1 billion. Operating income decreased by ¥319.6 billion yen. Continue reading
Posted in auto news, economy, financial results, news analysis, results, sales
Tagged 2012 toyota forecast, auto results, japan earthquake, q1 toyota results, results, toyota
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July Used Car Sales Boom. Have Automakers Priced New Vehicles – Now with an Average $30,000 Price – Too High?
The latest research shows that sales of used cars and light trucks in the U.S. grew strongly – up more than 13% for the month of July. About 4.5 million previously owned vehicles changed hands. That’s the best July since 2005… Continue reading
Honda Q1 Barely Profitable as Earthquake Devastates Results
Honda’s automobile unit sales totaled 547,000 units, a decrease of 39.2% from the same period last year due to production disruptions in all regions from the Earthquake. Continue reading
Posted in economy, financial results, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, Honda results, Ken Zino, q1 honda results, results, zino
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July Vehicle Sales Stall in U.S. SAAR Projected less than 10 M
The sale of new vehicles in the U.S. will be about 11.8 million units in July. This is the third straight month below the 12 million mark as the U.S. economy remains close to reentering a recession. Continue reading
Posted in auto news, economy, marketing, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, j.d power, july auto sales, Ken Zino, saar, sales results, u.s. auto sales, zino
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