Category Archives: results

Chrysler Pays Back Taxpayers. Fiat Now Firmly in Control

Posted on 24 May 2011 by Ken Zino

The historic bailout differs this time around in what’s left and more importantly who owns it – along with the familiar, nagging question, can Chrysler make it? The new Chrysler Group is now firmly, irrevocably in the hands of Fiat, an Italian multinational firm, which has a global fight in front if it as it too competes to survive in an automobile business dominated by much stronger competitors. Continue reading →

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BMW Dealership Wrongfully Fired Person for Facebook Posts?

Posted on 24 May 2011 by Ken Zino

If the complaint stands, should the BMW slogan be changed to the ultimate dining machine? Continue reading →

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Toyota Recall Study Finds Adversarial Relationship with NHTSA

Posted on 24 May 2011 by Ken Zino

The Quality Report, since it was paid for by Toyota, has already come under attack for bias from organizations linked to product liability lawyers. Nonetheless, the Report describes Toyota’s attitude toward federal safety regulators as “adversarial.” Unintended acceleration or stuck gas pedal problems are implicated in thousands of incidents and more than 90 alleged deaths. Continue reading →

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Volvo Recalls XC90 Crossover for ZF Power Steering Defect

Posted on 23 May 2011 by Ken Zino

Volvo is recalling 2010-2011 model XC90 vehicles manufactured from 29 January 2010, through 16 August 2010. The power steering fluid may leak from the oil pipe connection at the steering gear valve housing from the ZF produced part. Continue reading →

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Chrysler to Pay off $7.5 Billion in U.S., Canadian Bailout Loans

Posted on 20 May 2011 by Ken Zino

It is primarily the interest on government loans – $1.23 billion – that prevented Chrysler from earning a profit during 2010 and resulted in an overall loss for the year of $652 million. So decreasing interest rates should improve earnings, a necessary precursor for the public offering of Chrysler stock later this year or early next. Continue reading →

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U.S. May Vehicle Sales Dropping. SAAR Under 10 Million?

Posted on 19 May 2011 by Ken Zino

Returning to historical annual selling rates of 15 to 17 million units experienced during much of the last decade appears to be a long way into the future. Continue reading →

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New Vehicle Sales in Europe Fall Again in April and Year-to-Date

Posted on 17 May 2011 by Ken Zino

European sales results are of concern for U.S. taxpayers because they can undermine the results at General Motors and Chrysler, which is controlled by Fiat. Both Opel and Fiat are struggling in Europe. Even at Ford Motor results are negatively affected by Europe, which remains a drag on earnings. Continue reading →

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Porsche Sales Double in April Led by Cayenne SUV

Posted on 17 May 2011 by Ken Zino

In terms of total vehicle sales Porsche now looks like a traditional automaker rather than a sports car specialty house. Continue reading →

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Volkswagen Group Sales Rise 13.9% Through April

Posted on 13 May 2011 by Ken Zino

VW is now growing faster than the overall global auto market, which increased 8% during the same period. If the sales trend holds VW will surpass Toyota in global sales this year as Japan’s largest automaker continues to struggle with production disruptions caused by the Japan earthquake. Continue reading →

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Nissan Posts Profit of ¥537.5 Billion for Japanese Fiscal Year

Posted on 12 May 2011 by Ken Zino

The Nissan financial results also surpassed those of Japan’s largest automaker, the Toyota Motor Corporation, which reported sales of 7.308 million cars and trucks and a profit of $6 billion yesterday. Continue reading →

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Toyota Posts Fiscal Year Profit of $5 Billion, but Q4 Dives

Posted on 11 May 2011 by Ken Zino

Toyota Motor Corporation (TMC) today announced that net revenues for the fiscal year ended 31 March 31 2011 were 18.993 trillion yen, an increase of 0.2% compared to the previous fiscal year as Japan’s largest automaker continues to struggle to return to pre-2008 levels of return. TMC operating income increased from 147.5 billion yen to 468.2 billion yen, while net income increased from 209.4 billion yen to 408.1 billion yen, or $5.1 billion. Continue reading →

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CAR on U.S. Economy Impact of GM’s Plant Investments

Posted on 10 May 2011 by Ken Zino

In an analysis of General Motors’ newly announced plant investments, the Center for Automotive Research (CAR) today said that more than 28,000 jobs will be retained or created, and will contribute almost $2.9 billion to the U.S. Gross Domestic Product. Continue reading →

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Buick Sales in China Surpass 3 Million

Posted on 6 May 2011 by Ken Zino

Shanghai GM builds, imports and sells Buick, Cadillac and Chevrolet products in China, the worlds’ largest auto market. In 2010, Shanghai GM became China’s first automaker to sell 1 million vehicles in a single year. Continue reading →

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General Motors Posts 2011 Q1 Profit of $3.2 Billion. Results Almost Doubled by One Time Sales of Ally and Delphi Preferred

Posted on 5 May 2011 by Ken Zino

The General Motors results were not as strong as they appear on first glance because special items increased profits by $1.5 billion or $0.82 per fully-diluted share. GM stock is currently selling at under $32 a share, below the initial IPO price of $33 last November. Continue reading →

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Korean U.S. April Sales Surge as Japanese Automakers Lag

Posted on 4 May 2011 by Ken Zino

However, while rising gasoline prices might be good in the short term for automakers with fuel efficient lineups, historically they ultimately hurt auto sales and the overall economy after about six months as consumers look for other ways to save the money that is being siphoned off at the pump. Continue reading →

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