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Category Archives: results
Toyota Europe Increases Sales. Delivery Waits Now Normal
Toyota Motor Europe (TME) reported half-year sales of 403,656, an increase of 3% compared to 2010. The results are good since the overall European market is flat year-to-date and has been declining for three years. The Toyota Auris family ( 3- and 5-door hatchbacks off the Corolla platform), including the Auris hybrid, saw sales of 55,222 vehicles, up 22% from 2010. Continue reading
Posted in auto news, marketing, milestones, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, europe results, japan earthquake, Ken Zino, results, tme, toyota europe, zino
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Toyota Opens a European Proving Ground in Belgium
The new Zaventem Proving Ground will play an important role for Toyota’s European vehicle development as part of the company’s plan to become Toyota’s global development center for the small and compact vehicle segments, the Japanese company said in a release. It’s hard to believe Toyota will move those jobs out of Japan where generations of Corolla and other small models have been developed. Continue reading
BMW Group Sales at Record for June and Six months
The BMW Group announced this morning in Munich that it delivered more vehicles in June than ever before in any month. A total of 165.855 BMW, Mini and Rolls-Royce brand vehicles were sold, which is an increase of +15.9% compared to sales in June last year (2010 – 143,156 units). Continue reading
Posted in auto news, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, bmw results, global sales, june results, Ken Zino, mini, results, rolls royce, zino
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40 MPG Hyundai Models Continue to Set Sales Records
Call it luck or call it planning, but Hyundai’s emphasis on fuel economy and interior room is paying sales dividends. The Korean maker announced today that it had sold its 100,000 40 mpg vehicle this year as rated on the EPA highway cycle. Continue reading
New Vehicles Overpriced, Sending Sales to Used?
About 8% of the people who bought a used vehicle in June were trying to decide between purchasing a new or used car and elected for the older one. This means that approximately 360,000 new-vehicle sales went to older vehicles. That’s two final assembly plants worth, and it doesn’t include supporting component parts plants at a time when unemployment is officially more than 9%. Continue reading
Japan Auto Production -31% in May. Export Loses $2.89 Billion
The total value of automobiles exported for May 2011 was $6.76 billion, including $4.49 billion for vehicles and $2.27 billion for parts. This is a decrease of $2.89 billion or -30% compared with $9.65 billion for the same month of the previous year. Continue reading
Toyota Recalls 80,000 Highlander Hybrid and RX 400h Vehicles
Toyota Motor Sales, USA (TMS) today said that it will recall about 45,500 Highlander Hybrid and 36,700 Lexus RX 400h vehicles sold in the U.S in what appears to be the first recalls for its hybrid drive system.
In a filing with the National Highway Traffic Safety Administration (NHTSA), the Japanese company said that the so called Intelligent Power Module (IPM) located inside the Hybrid System Inverter contains a control board with defective transistors. Transistors on the control boards in some of 2006-2007 model year Highlander Hybrid and Lexus RX 400h SUVs were inadequately soldered and could be damaged from heat caused by a large current flow during high-load driving. Continue reading
Posted in auto news, customer satisfaction, electric vehicles, news analysis, quality, recalls, safety
Tagged auto informed, auto news, auto recalls, autoinformed, autoinformed.com, automotive news, highlander hybrid recall, hybrid recall, Ken Zino, lexus rx 400h recall, recall, safety recall, toyota recall, zino
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Honda Overseas and Japan Production Down Again in May
Honda Motor Company in Japan today announced that vehicle production declined by more than 50% for the month of May 2011. It was the third straight month that production dropped due to the ongoing negative effects of the Japan earthquake and tsunami in March. Continue reading
Posted in auto news, economy, financial results, manufacturing, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, economy, financial results, japan, japan auto industry, japan earthquake, Ken Zino, news analysis, sales and tagged 2012 honda forecast, tmc profits, toyota forecast, yen value
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Nissan Announces Ambitious Global Growth Plan
Things are going to get better during the next five years for Nissan Motor Company, the Yokohama based automaker announced this morning. In unveiling what is an ambitious six year business plan, Japan’s number two automaker said that it will deliver on average an all-new vehicle every six weeks for six years. As a result, the company’s global portfolio will have 66 vehicles and will cover 92% of all markets and segments, Nissan claimed. Continue reading
June New Vehicle Sales to Improve Slightly from a Weak May
Nonetheless, Power has reduced its 2011 retail sales forecast to a meager 10.5 million units from 10.6 million units. The forecast for total sales has been revised to 12.9 million units from 13 million units. Continue reading
Posted in auto news, results, sales
Tagged auto informed, auto news, auto sales, autoinformed, autoinformed.com, automotive news, june 2011 sales, june auto sales, Ken Zino, results, sales
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Quality Drops Drastically as Automakers Introduce New Models
After a four year run of improving quality, the trend has reversed itself as the initial quality of 2011 new vehicle launches has declined considerably in the latest study. Overall initial quality improved to an average of 107 problems per 100 vehicles (PP100) in 2011 from 109 PP100 in 2010. However, launch models – vehicles that are all-new or have had major redesigns – saw ratings drop by 10% to an average of 122 PP100 in 2011 from 111 PP100 in 2010. Continue reading
Nissan Says Sales up Profits down for 2011 from Earthquake
Nissan Motor Company today said in a statement that it thinks full-year profits will fall 15% and net income may decline to ¥270 billion (~$3.4 billion) for 12 months ending 31 March 2012. That’s down from ¥319.2 billion compared to the 2010 fiscal year. The financial results were based on foreign exchange rate assumptions of ¥80.:$1 and ¥115:1€. Continue reading
European Car Sales Rise 7% in May. Still Lag Pre-Crisis Levels
European car sales are of concern for U.S. taxpayers because they have been undermining the financial performance of General Motors and Fiat, which controls Chrysler. Both GM’s Opel subsidiary and Fiat are struggling in Europe. Even Ford Motor results are negatively affected by Europe, which remains a drag on its earnings. Continue reading
Vehicle Satisfaction Declines in Germany after Subsidies
Two years after a massive taxpayer subsidized scrappage program boosted the German new car market, customer vehicle satisfaction with their purchases declined from previous levels. Industry wide satisfaction in vehicle quality and reliability, vehicle appeal, and service declined as well. Continue reading
With BMW EV Due, Study Says Range Anxiety Not an Issue
One of the observations about the 80 to 100 mile range – that it’s acceptable – challenges conventional wisdom. This will be tested further when the all-electric BMW Active E becomes available in some U.S. markets beginning in late 2011. A two-year lease will be $499 a month with a $2,250 down payment. A series production BMW I3 follows in 2013. Continue reading
Posted in alternative fuels, auto news, customer satisfaction, electric vehicles, marketing, news analysis
Tagged active e, auto informed, auto news, autoinformed, autoinformed.com, automotive news, bevs, bmw ev, bmw ev study, electric vehicles, EVs, i3, Ken Zino, mini e, u.c. davis plug-in hybrid & electric vehicle research center
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