Tag Archives: auto informed

Buick Sales in China Surpass 3 Million

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

Posted in auto news, economy, marketing, news analysis, results, sales | Tagged , , , , , , , , , , , | Leave a comment

Unemployment Insurance Claims Rise for Fourth Straight Week

This is a clear sign that the U.S. economy is not creating jobs as both political parties maneuver for advantage in the upcoming presidential election with no apparent desire to address current economic problems. Continue reading

Posted in auto news, economy, labor issues, transportation | Tagged , , , , , , , , , | Leave a comment

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

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

Posted in auto news, financial results, news analysis, results | Tagged , , , , , , , , , , | Leave a comment

Honda Expands Airbag Recall to 833,000 Honda, Acura Models

All automakers typically try to limit the number of vehicles covered in recalls or service actions to cut down on expenses and limit damage to their reputations. However, as investigations proceed the population of affected vehicles sometimes expands due to uncertainties around the root cause or inability to identify exactly how many parts are affected. Continue reading

Posted in auto news, litigation, news analysis, recalls, safety | Tagged , , , , , , , , , , , , , | 1 Comment

Chrysler Group Reports U.S. April Sales Increased 22%

Chrysler Group LLC today reported U.S. sales of 117,225 vehicles, a 22% increase compared with sales in April 2010 at 95,703 units. It was Chrysler’s best April sales since 2008 before the global financial markets collapsed. Continue reading

Posted in auto news, marketing, new vehicle, results, sales | Tagged , , , , , , , , | Leave a comment

Toyota April U.S. Sales Remain Flat as Auto Industry Grows 18%

Toyota Motor Sales (TMS), U.S.A. today reported April sales results of 159,540 units, a decrease of 2.4% compared to the same period last year, on a daily selling rate (DSR) basis. On a raw volume basis, unadjusted for 27 selling days in April 2011 compared to 26 selling days in April 2010, TMS sales were up 1.3% over the year ago month. Continue reading

Posted in auto news, marketing, new vehicle, results, sales | Tagged , , , , , , , , , , , | Leave a comment

Chrysler Group Credit Ratings Remain at Junk Level with Latest Standard & Poor’s and Moody’s Investor Assessments

Standard & Poor’s Ratings Services said today that it assigned its preliminary “B+” corporate credit rating to Chrysler Group LLC. The rating outlook for what remain “junk bonds” for posing significant financial risk. The outlook is stable, though.

Concurrently Moody’s Investor Services assigned Chrysler a “B2” rating, also a junk rating or non-investment grade. Continue reading

Posted in auto news, economy, financial results, news analysis, results | Tagged , , , , , , , , , | Leave a comment

Ford April Sales in U.S. Up 16% as Fusion Sets Another Record

Ford Motor Company April, were 189,778, up 16% from the year earlier period, the second largest of the Detroit Thee automakers said today. Retail sales were up 10% and fleet sales were up 31%.
Continue reading

Posted in auto news, marketing, results, sales | Tagged , , , , , , , , , | Leave a comment

General Motors April U.S. Vehicle Sales Increase of 27%

“Recently, rising fuel prices have led many to re-think their vehicle choice,” said Don Johnson, vice president, U.S. Sales Operations. “Because of the investments we’ve made in fuel-efficiency and global product architectures, the company is well positioned to meet these needs.” Continue reading

Posted in auto news, marketing, results, sales | Tagged , , , , , , , , , , , , , , | Leave a comment

Hyundai Recalls Sante Fe SUVs. Follows Kia Sorento Recall

The parts used in the driveline of the Sante Fe are identical to the ones recalled by Kia on the Sorento, which was recalled first. Continue reading

Posted in auto news, recalls, safety | Tagged , , , , , , , , , | Leave a comment

Kia Recalls Spectra and Sorento Models for Safety Defects

In the first recall, almost 60,000 Spectra cars from model years 2004-2007 are being recalled because of corrosion, which can lead to the fuel tank to fall and contact the road.

The second recall was promoted by the National Highway Traffic Safety Administration (NHTSA) investigation into the sudden loss of power on 2011 Sorento 2wd vehicles equipped with automatic transmissions and 2.4-liter engines, when the intermediate driveshaft failed. Continue reading

Posted in auto news, quality, recalls, safety | Tagged , , , , , , , , , , , , | Leave a comment

2012 Honda CRV Delayed at Least One Month in U.S. New 2012 Civic Scarce Through September. Both Were Best Sellers

Two of the immediate Honda causalities are the all new 2012 Civic and CRV – both among the best selling vehicles in the United States. Continue reading

Posted in economy, manufacturing, news analysis, transportation | Tagged , , , , , , , , , , , , | Leave a comment

U.S. April Retail Auto Sales Predicted at 11 Million, SAAR 13 M

“As April’s sales pace confirms, increasing gas prices and shortages in vehicle inventory have yet to trump the overall recovery that has been progressing since the fall of 2010,” said Jeff Schuster. Continue reading

Posted in auto news, results, sales | Tagged , , , , , , , , , , , | Leave a comment

Chrysler Posts First Profit Since 2009 Taxpayer Bailout

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 $652 million. Chrysler has announced that it intends to pay back those loans by June of this year by refinancing them through a combination of bonds and debt in private equity placements. Continue reading

Posted in auto news, economy, financial results, news analysis, results | Tagged , , , , , , , , , , , | Leave a comment

General Motors to Build New Chevrolet Malibu in Korea

Korea ranks at the very bottom — 30 out of 30 among the largest automotive markets — for auto import market access. The average among major developed economies is approximately 40% market penetration by imported automobiles, but in 2006 in Korea, the total of import vehicles from all global manufacturers in all countries entering the Korean market was around 3.6%. This is about 40,000 vehicles in a market that buys roughly one million vehicles annually. Continue reading

Posted in auto news, manufacturing, new vehicle, news analysis | Tagged , , , , , , , , , , , , | Leave a comment