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Tag Archives: auto informed
60-Day Auto Loan Delinquencies Rise for First Time since 2009
It was the first time since the end of 2009 that either 30- or 60-day loan delinquencies increased year-over-year. In what could be an early warning sign that sub-prime loans from finance companies are becoming too speculative, the total balance of 60-day delinquent loans grew from $3.48 billion in Q4 2011 to $3.93 billion in Q4 2012. Continue reading
Posted in auto news, economy, financial results, news analysis
Tagged auto informed, auto lending, autoinformed.com, automotive news, experian, Ken Zino, sub-prime loans
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U.S. Sues Lance Armstrong for False Racing Sponsorship Claims
From 1996 through 2004, the USPS sponsored a professional cycling team owned by Tailwind and its predecessors. Between 2001 and 2004 alone, the Postal Service paid $31 million in sponsorship fees. (Imagine how much could be recovered only the Justice Department went after its friends at the Wall Street firms, banks and ratings agencies that cost taxpayers billions upon billions of dollars because of false claims in the sub-prime mortgage business.)
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Posted in fools 'n frauds, litigation, people, racing
Tagged auto informed, autoinformed.com, automotive news, floyd landis, Ken Zino, lance armstrong
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U.S. February Auto Sales Projected Up Again as Recovery Continues
Retail sales of new vehicles in the U.S. during February are forecast to increase from February 2012, as the tentative recovery of the U.S. economy continues. However, sales at 931,000 cars and light trucks or a seasonally adjusted annualized rate (SAAR) of 12.1 million units will dip below an unexpectedly strong January SAAR of 13.1 million, a normally slow selling month. U.S. vehicle sales in January were surprisingly strong, with no automaker stronger than Toyota Motor’s three brands, which increased sales almost 27% in a retail light-vehicle market that grew by 14% to more than 1 million units. Continue reading
Posted in auto news, sales
Tagged auto informed, autoinformed.com, automotive news, february sales, Ken Zino
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Lithium Ion Battery Sales Up as New Electric Vehicles Debut
The latest research shows that the lithium ion battery market had revenues of $2.13 billion in 2012. Moreover, there are projections that this could reach as much as reach $12.84 billion in 2019. The advanced battery market has significant government support in the form of rebates, which varies according to the country, state and city. Continue reading
Class Action Suit Filed Against F-150 EcoBoost Engines for Stalling
More than $500,000,000 in damages is requested by 100 plaintiffs in what could be a prolonged image-damaging class action lawsuit about Ford’s claimed fuel economy breakthrough. Ford has issued two service bulletins to dealers about the problem, before redesigning the intake system for the 2013 model year. Continue reading
Posted in auto news, litigation, safety
Tagged auto informed, autoinformed.com, automotive news, f-150, ford eco-boost lawsuit, Ken Zino
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2014 Chevrolet Impala has Valet Mode to Protect Data
The revised Chevrolet Impala sedan with the optional infotainment system has a “valet mode” that locks up small personal items as well as protecting the addresses and contacts stored in MyLink. The password activated retractable faceplate covers a storage bin large enough to hold a wallet, MP3 player and smartphone. Continue reading
2013 – Make Money or Go Broke for Alternative Fuels Industry?
The legal and regulatory climate has turned against alternative fuels. The U.S. Court of Appeals in Washington D.C. recently said that EPA’s 2012 requirement for refiners to use cellulosic biofuel – or to purchase credits instead – was illegal since no cellulosic ethanol fuel was produced last year that the refiners could blend into gasoline. The decision came from a lawsuit brought by the American Petroleum Institute, which is actively fighting alternative fuels. The U.S. sends more than $1,000,000 a minute to oil exporting nations, many of whom are hostile to us. Continue reading
VW Group Ties GM for Largest Automaker in China in January
The VW Group began the year with a 15% increase in sales for January, totaling 749,900 compared to January of 2012 at 652,400. A huge portion of the gain was the later date for the Chinese New Year, which means a decline in China is coming in February for all automakers when the holiday is celebrated. Nevertheless, The VW Group delivered 298,300 (208,200; +43.3%) vehicles in China, the region’s largest single market, in the first month of the year. This compares to China market leader GM, which sold 300,000 during the same period – a dead heat in the Chinese sales race. Continue reading
Posted in auto news, news analysis, sales
Tagged auto informed, autoinformed.com, automotive news, china, GM, Ken Zino, vw group
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January EU Car Registrations Plummet. Eurozone Crisis Deepens
Passenger car registrations plummeted in the 27 markets of the EU during January of 2013 to 885,159 units, reaching a historic low ever recorded for the month of January, since the start of record keeping began in 1990 by ACEA. Continue reading
Posted in auto news, news analysis, sales
Tagged auto informed, autoinformed.com, automotive news, eu, eurozone, Ken Zino
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Caught Testing – the Revised 2014 Cadillac CTS?
Look for Cadillac to unveil this car at the New York Auto Show next month. I caught these camouflaged versions while they were out on a recent prototype test run in the frozen north. The new 2014 CTS appears to be close to a full-size sedan, but still keeping Cadillac’s distinctive angular design themes. Continue reading
Posted in auto news, new vehicle
Tagged 2014 cadillac cts, auto informed, autoinformed.com, automotive news, jim dunne car spy, Ken Zino, nyas
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Renault-Nissan Open an Automotive Electronics Office
Buyers aged 35 and under who grew up with myriad consumer-electronic-devices are particularly vocal about the design failures of automotive electronics. This is a growing problem for the product development departments of automakers that are largely managed by older white males. Continue reading
Ferrari Posts €244 Million Profit for 2012, Best Year in History
Record sales during 2012 in the U.S., China, Germany and Great Britain resulted in Ferrari posting its best financial results in the Fiat-owned brand’s fabled 66-year history. A total of 7,318 road cars were delivered to dealers (+4.5% on 2011) with revenues of €2.433 billion, an increase of 8% from 2011. Continue reading
Posted in auto news, financial results
Tagged auto informed, autoinformed.com, automotive news, ferrari, ferrari ff, ferrari store, Ken Zino
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BMW Recalls More than 500,000 Cars for Sudden Stalling
BMW is recalling more than 500,000 of its cars because a defective electrical connector can cause the vehicles to stall suddenly. Affected are 2008-2012 model 1-Series coupes and convertibles, 2007-2011 3-Series coupes, convertibles and wagons, as well as 2009-2011 Z4 sports cars. Continue reading
Posted in auto news, recalls
Tagged auto informed, autoinformed.com, automotive news, bmw recalls, Ken Zino, nhtsa
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Acura RLX Uses New Steel and Aluminum Bonding for Doors
When the Acura RLX goes on sale in the U.S. next month, its outer door panels will be made of aluminum joined to an inner steel frame. This unusual combination of dissimilar materials results in a reduction of door panel weight by approximately 17% compared to the conventional all-steel door panel. Continue reading
BMW Expands Braking Failure Recall to X5 SUVs
BMW is expanding an earlier recall for braking failure to more than 30,000 2007-2010 model X5 sport utility vehicles equipped with a V8 engine. The German automaker had previously recalled 5-, 6-, and 7- Series models in 2010 for the same problem. Continue reading
Posted in auto news, recalls, safety
Tagged auto informed, autoinformed.com, automotive news, bmw braking failure, bmw recalls, Ken Zino, nhtsa, x5 recall
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