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Tag Archives: auto informed
Los Angeles and Chicago Top OnStar Good Samaritan List
A Good Samaritan call occurs when an OnStar subscriber contacts an OnStar advisor to report another motorist’s situation requiring emergency assistance because of a vehicle collision, flat tire or response to an Amber Alert. Continue reading
Posted in auto news, people
Tagged auto informed, autoinformed.com, automotive news, good samaritan calls, Ken Zino, onstar, roadside assistance
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Volkswagen Group Posts Record 2011 Results – €11.3 billion
Consolidated operating profit rose to a record €11.3 billion, an improvement of €4.1 billion compared with 2010. This profit does not include the Group’s €2.6 billion (€1.9 billion) share of the operating profit of its communist-government-required Chinese joint ventures. These companies are accounted for in the financial result, which rose by €5.8 billion to €7.7 billion last year. Operating margin improved from 5.6% to 7.1%. Continue reading
Posted in auto news, financial results, results
Tagged auto informed, autoinformed.com, automotive news, Ken Zino, martin winterkorn, results, vw, vw group
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Focus Electric Approved for $10,000 in Taxpayer Handouts
The California Environmental Protection Agency’s Air Resources Board (CARB) has dictated that owners of the new 2012 Ford Focus Electric can drive in high-occupancy vehicle (HOV) lanes. Owners also will be able to receive up to $10,000 in tax credits between the state’s new $2,500 rebate and a $7,500 federal tax incentive – both funded by taxpayers at a time of soaring deficits. Critics call this socialism for the rich. These subsidies appear to be crucial for sales success of the Focus Electric. Without them, the car lists starting at $39,995. This means a typical payment to buy the compact car – with $4,000 down – is almost $800 per month for 48 months at Ford’s 7% interest rate. The gasoline-fueled Focus starts at just over $17,000. Continue reading
Posted in alternative fuels, auto news, electric vehicles, environment, fuel economy or emissions, new vehicle, news analysis, transportation
Tagged auto informed, autoinformed.com, automotive news, carb, focus electric, hov lanes, insight, Ken Zino, leaf, mpge, prius, taxpayer subsidies, volt
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NHTSA Investigating Ford Taurus Runaway Throttle Complaints
Complaints allege engine speeds as high as 4,000 RPM after shifting into Park or Neutral. Some complaints report that it was difficult to slow the vehicle with the brakes during the incident and one report indicated that when the car was finally stopped, it was partially in an intersection after going through a red light. Continue reading
Airlines Profitable as Passenger Fees Continue to Rise
As part of their third-quarter revenue, the airlines collected almost a billion dollars – $898 million – in baggage fees and $603 million from reservation change fees from July to September 2011. Baggage fees and reservation change fees are the only ancillary fees paid by passengers that are reported to BTS as separate items. Other fees, such as revenue from seating assignments and on-board sales of food, beverages, pillows, blankets, and entertainment are reported in a different category with other items and cannot be identified separately. Continue reading
Unemployment Unchanged in February as Politicians Blather
Alan B. Krueger – Chairman of the Council of Economic Advisers and an employee of President Obama – said, “Today’s employment report provides further evidence that the economy is continuing to heal from the worst economic downturn since the Great Depression. It is critical that we continue the economic policies that are helping us dig our way out of the deep hole that was caused by the recession that began at the end of 2007, including measures to help the sectors that were most severely harmed by the bubble economy that misdirected investment and created too few durable jobs.”
Critics said only the fact that Krueger issued the statement electronically prevented his nose from growing longer while delivering it. Continue reading
Posted in economy, fools 'n frauds, news, news analysis, people, results
Tagged auto informed, autoinformed.com, automotive news, great recession, Ken Zino, unemployment
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Camaro COPO Drag Racing Car Ready to Burn Out in 2012
The new COPO Camaro, if it is competitive, should be fastest Camaro ever offered by Chevrolet since current national records for quarter-mile times in these classes are in the nine-second range. The Camaro starting at $89,000 cannot be registered, titled, licensed, or driven on public roads or highways. COPO is specifically offered for off-highway, competitive NHRA use only. Continue reading
Posted in auto news, new vehicle, racing
Tagged auto informed, autoinformed.com, automotive news, Chevrolet, copa camaro, drag racing, Ken Zino, nhra, stock eliminator, super stock
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Volkswagen Group February Sales Up 15%, Europe Weak at 1%
Still, executives are cautious. “We are very satisfied with the Group’s noticeably positive performance. However, we will remain vigilant over the coming months in spite of this clear upward trend and are keeping a very close eye on the markets – especially in Western Europe,” said Christian Klingler, Group Board Member for Sales, in Wolfsburg on Friday. Continue reading
Posted in auto news, marketing, results, sales
Tagged auto informed, autoinformed.com, automotive news, china, eurozone, february sales, Ken Zino, results, volkswagen group
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BMW Group Posts Best Year in History – Ups Dividend
Strong sales of sport utility vehicles and luxury cars, the booming China market and cost cutting were all factors in the blowout year. The BMW Group continues to contradict the conventional wisdom that scale is required to succeed in the global auto industry, since it operates largely in premium segments or gets a premium for its products in other segments. Continue reading
EPA Says Fuel Economy at Record High, CO2 at Record Low
One giant caveat here: The EPA window sticker rating is not the same as the EPA CAFE rating used by automakers. As a general rule window sticker ratings are 25% lower than the numbers used for CAFE compliance. Moreover, the sticker ratings have been adjusted downward in recent years after drivers complained they were too optimistic. Continue reading
Posted in auto news, fuel economy or emissions, news analysis
Tagged auto informed, autoinformed.com, automotive news, cafe, dot, epa, fuel economy, Ken Zino
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DOE Nixes Carbon Motors Loan in Midst of Taxpayer Subsidy Storm
How you view this depends on what you think of the role of government should be – if any- in nurturing the U.S. economy and promoting energy independence, among other thorny issues. Herewith, two, admittedly simplified interpretations:
– a needed correction after the ‘green jobs’ that were supposed to be established by such subsidies were revealed as just the latest lies from politicians;
or
– simply the squealing of corporate pigs when feeding at the taxpayer trough was stopped
And there remains another real issue about whether there is much – if any – thinking behind the proper role of vast government subsidies, but don’t look for that debate in the sound-bite campaign now under way. Continue reading
Ford China Sales Up 28% in February, But Down 15% YTD
The new Focus, built at Changon 2 is the first of 15 new or revised models due from Ford China by 2015. If the downward sales trend continues, Ford Motor will be in financial trouble because three additional new manufacturing facilities are scheduled to open by the end of 2013. Continue reading
Posted in auto news, marketing, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, changon ford, chinese auto industry, ford china, gm china, Ken Zino, results
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Corrosion Recall Covers More than 265,000 Jeep Liberty SUVs
The suspension failure investigation was upgraded by NHTSA to a more serious engineering analysis covering 2004 and 2005 models last September. It appears from publicly available documents that Chrysler resisted the recall, doing so only after a meeting with safety regulators in February. The recall to replace all the suspension arms is expected to begin in April. Continue reading
Posted in auto news, engineering, quality, recalls, safety
Tagged auto informed, autoinformed.com, automotive news, jeep recalls, Ken Zino, liberty recalls, nhtsa, recalls
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Toyota Recalls Almost 700,000 Vehicles in U.S. for Camry, Venza and Tacoma Electronic Faults
The latest quality gaffs can cause vehicle no-starts, failed stoplights, stuck transmission gear levers as well as warning lights going off, and airbags not going off in three separate high-volume vehicle lines. Continue reading
Posted in auto news, quality, recalls, safety
Tagged auto informed, autoinformed.com, automotive news, camry recalls, Ken Zino, nhtsa, tacoma recalls, toyota recalls, venza recalls
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American Airlines to Freeze not Kill Pensions in Union Victory
The so-called pension freeze covers unionized flight attendants and other ground workers, but does not cover American Airline pilots because their pension plan includes a lump-sum payment upon retirement. It would have been possible for some of them to flee the once proud airline, meaning American would have an expensive aviation museum consisting of planes largely on the ground. Continue reading
