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Tag Archives: auto news
Chevrolet Orlando Debuts this October in Canada, but not U.S. Competitive MPV Rejected Because of Greater Equinox Profits
Unfortunately, U.S. buyers won’t get a shot at Orlando because some executives inside GM are basking in the profits (at the moment) of the more expensive and fuel thirsty Chevrolet Equinox. ‘mericans like trucks and all-wheel-drive, and those versions of the Equinox are giving GM some badly needed profits at the moment.
It’s one of those GM financial decisions that look good on paper at the time, but in my view represents the inability to take a longer term chance by attacking a segment GM’s not in. Ford, with its decision to shelve the C-Max seven passenger minivan, and offer only low volume, expensive plug-in hybrid versions has given GM an opening here. And that says nothing of successful entries such as the Mazda 5 or even the Scion Xb, and who knows what else. Continue reading
Porsche Sales Down in July, But Set New Record in China
Porsche said it had record sales in the Chinese market in July with deliveries of 2,484 vehicles, the best monthly result in China ever. In total the sports car manufacturer delivered 14,751 vehicles in the current financial year in what is now Porsche’s second largest market. This marks a 72.6 % increase compared with the period January to July 2010. The Cayenne especially is in strong demand in Asia. Continue reading
Posted in auto news, marketing, news analysis, results, sales
Tagged auto informed, auto news, auto sales, autoinformed, autoinformed.com, automotive news, global auto sales, july results, Ken Zino, porsche, results, zino
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GM Rethinks ASEAN Strategy. Invests $150M in Indonesia
The investment represents a change in GM strategy in Asia by expanding GM production away from Vietnam and especially Thailand, which provided a good infrastructure and previously political stability. However, Indonesia has been widely derided for its corruption and red tape. Continue reading
Posted in auto news, manufacturing, news analysis
Tagged 500 units. In the first half of 2011, 500 units. This makes GM a mere footnote – at best – in the region dominated by Toyota. indonesia, asean, auto informed, auto news, autoinformed, autoinformed.com, automotive news, gm asia, gm bekasi, gm southeast asia, GM’s sales in Indonesia rose 72% to 4, Ken Zino, Last year, michael dunne, sales were up another 18% on an annual basis to 2, zino
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EPA Approves Emergency Fuel Waiver for Tennessee
The waiver is effective for 20 days and allows the sale of 9.0 psi conventional gasoline in the Shelby county low RVP covered area even though it is contrary to the Clean Air Act. In essence EPA is tolerating the sale of fuel that contributes to smog because it will head off a fuel supply crisis, a good example of common sense by regulators. Continue reading
GM Awards A123 Contract for Batteries for Electric Vehicles
Teams from both companies will now work on developing calibrations and software controls for the battery system in preparation for production. Continue reading
GM CEO Akerson Buys Another 10,000 Shares at $25.05
Akerson vowed this week that there was plenty of upside in GM stock given its new structure and emphasis on managing costs. On a cost cutting side, one program with great promise involves vehicle architectures. Akerson said “We need to simplify.” The company said that by 2018 it plans to cut that number to 14 from the 30 currently use.
Skeptics, and there are many, say show us the earnings per share and start paying dividends. Well, at least Akerson is putting his money where his promises are, so to speak. Continue reading
EU-South Korea Free Trade Agreement Favors Koreans
Under current market conditions, this waiver will not balance the current €10.7 billion trade deficit in automobiles, according to the respected consultancy Frost & Sullivan. Continue reading
Posted in auto news, economy, labor issues, news analysis
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, eu korea fta, eu korean fta, ford Europe, free trade, frost & sullivan, fta, Ken Zino, korea fta, Korean fta, prana tharthiharan natarajan, unemployment, zino
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$10,000 Solar Panel Option Coming for Focus Electric Vehicle. Ford is using the new “Green Math” to Calculate Benefits
So if you have enough sunshine to generate the 3,000 kWh, that means you save $330 annually for a pay back period of, um, 30 years and four months (using basic arithmetic, not green math). The panels are guaranteed for 25 years by the way. Continue reading
Posted in alternative fuels, auto news, electric vehicles, energy, environment, news analysis, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, electric cars, electric vehicles, focus electric, focus ev, Ford, ford evs, Ken Zino, mike tinskey, solar power, solar power for evs, sunpower, taxpayer subsidies, zino
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Ron Bloom Resigns as Assistant to the President for Manufacturing Policy. Was Key Player in Auto Bailouts
Bloom was part of a team headed by Stephen Rattner at the U.S. Treasury Department that was responsible for forcing drastic bankruptcy restructurings and CEO firings at General Motors and Chrysler as they were on the verge of being liquidated in 2009. Continue reading
Posted in auto news, manufacturing, people
Tagged auto bailout, auto informed, auto news, autoinformed, autoinformed.com, automotive news, Chrysler bankruptcy, fiat Chrysler, gm bankruptcy, Ken Zino, obama administration, ron bloom, steven rattner, taxpayer subsidies, united steelworkers, zino
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NHTSA Opens BMW Defect Probe on 120,000 7-Series Models
The National Highway Traffic Safety Administration has opened a preliminary engineering investigation on 120,000 2002-2008 BMW 7-Series models because of one complaint. The Office of Defects Investigation said in a regulatory filing today that it has received a single complaint from a consumer alleging a rollaway incident with a model year 2006 BMW 7-Series vehicle after parking and exiting the vehicle. Continue reading
High Fuel Prices Having Little Impact on Vehicle Choice?
Rising fuel prices are having little effect on the type of vehicles U.S. buyers are considering. This latest research conundrum comes from consultancy AutoPacific, which claims that while drivers are complaining about fuel costs, the choice of a future vehicle appears decoupled from them. Continue reading
California Air Resources Board Approves GM Crate Engine
All E-ROD crate engines include required emissions equipment, such as catalytic converters and a fuel tank evaporative emission canister, along with an engine control module calibrated for a balance of performance and efficiency. GM said it is the only automaker with authorized, emissions-compliant high-performance aftermarket engines. Continue reading
Posted in aftermarket, auto news, environment, performance
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, e-rod, gm crate engine, GM Performance Parts, gm v8, Ken Zino, zino
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GM Stock Below $25 down from $39 High as Conference Opens
During the program, senior leaders reviewed GM’s progress and outline plans for further improvement. In a sense GM is playing a “beat the reaper” game – can GM increase share and sales of less profitable small cars such as the Chevrolet Sonic, which is just entering production, at a greater rate than the drop off in truck sales and larger per unit profits in North America, while growing in Eastern Europe, South America and Asia? Continue reading
Posted in auto news, economy, financial results, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, dan akerson, GM, gm business plan, gm earnings, gm global business conference, gm ipo, gm outlook, gm returns, gm stock price, Ken Zino, zino
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