Tag Archives: auto news

Ally Bailout Terms Met – Allowing for Common Dividends

This removes the restriction on Ally of offering common equity distributions. Ally’s stated objective is to pay a dividend and start a share repurchase program in 2016. Continue reading

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NADA Says 17.7 Million US New Vehicle Sales in 2016

Szakaly observed that the industry is now seeing the end of “pent up demand” that came about during the Great Recession when annual car sales from 2009-2013 were less than 16 million units. Continue reading

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EU Sales Grow in October as Rate Slows

EU sales of passenger cars during October at 1,104,868 units kept growing, albeit at a slower rate of +2.9%. This is the 26th consecutive month of increases. Continue reading

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XT5 – Cadillac SRX Replacement makes US Debut at LAAS

SRX is Cadillac’s best-selling product line worldwide, although the brand is regional when compared to the global luxury powerhouses of Audi, BMW and Lexus. Continue reading

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Big GM, Ford, FCA Discounts with Early Black Friday Deals

People in the market for a new vehicle from General Motors, Ford Motor and FCA should consider buying this month as Black Friday and special promotions are underway and offer sizable savings off suggested retail prices. Continue reading

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Toyota Turns Landfill Methane into Cars

Toyota’s Georgetown, Kentucky manufacturing plant will begin generating electricity from methane, a byproduct of garbage decomposition at the nearby Central Kentucky Landfill next week. Capturing and burning the methane is said by the EPA to reduce greenhouse gas emissions. Continue reading

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Huey Lewis and The News to perform at NAIAS

Huey Lewis and The News also wrote and performed “The Power of Love” and “Back in Time” for the hit film Back to the Future. Continue reading

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Porsche Macan S Recall for Leaking Fuel Line

A Porsche Macan S Recall is now active for model year 2015-2016 Macan S. More than 21,000 crossover models have a bad low-pressure fuel line that leaks. Continue reading

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Electric Cars Clearly Beat Gas Cars in Lifetime Emissions

One thing is clear from the report – the benefits of EVs continue to increase in spite of considerable propaganda and lies deployed against them by fossil fuel interests. The debate for policy makers is how fast we should force their deployment. Continue reading

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Honda Q2 Profit tops $1 Billion

Honda posted a $1.065 billion consolidated profit for fiscal Q2 that ended September 30, 2015, an increase of 6.9% from the same period last year. Earnings per share for the quarter amounted to $0.59, an increase of JPY of 4 cents from the corresponding period last year. One Honda American Depository Share represents one common share. Continue reading

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Ford and GM to Develop 9- and 10-Speed Automatic Transmissions

Ford Motor Company and General Motors Corporation have signed an agreement whereby both companies will jointly develop an all-new generation of 9- and 10-speed automatic transmissions for cars, crossovers, SUVs and trucks. Continue reading

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Volvo Fined $1.5 Million for Not Reporting Safety Defects

Volvo – once known for its safety reputation – now has the dubious distinction of joining Toyota Motor and BMW Group in paying penalties for not reporting defects or violations of U.S. regulations. Volvo will pay the fines into the General Fund of the U.S. Treasury; they will not go toward enforcement of U.S. Safety regulations. Continue reading

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Automakers Protest EU Korean FTA Deal is One Sided

European automakers are protesting that EU-South Korea FTA one year later has resulted in massive increases for Korean exports of passenger cars, yet only relatively modest gains for the EU auto industry. The European Automobile Manufacturers Association (ACEA) took the opportunity of the first anniversary of the Korean FTA coming on 1 July to draw attention to what it called an “unbalanced situation.” Continue reading

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Mopar Debuts Third Factory Built Hot Rod off Chrysler 300

Still working its muscle car roots, the Mopar 300 has a 363 horsepower (hum the Charger was 370?) 5.7-liter Hemi V8 engine and a now dated five-speed automatic transmission. A change from a 3.06:1 to a 3.91:1 final-drive means zero-to-60 mph times in the low 5-second range, according to Chrysler, same as the Charger. Continue reading

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PBGC Says American Airlines Workers Should Worry About Pensions and Medical Care – So Should Taxpayers

The Pension Benefit Guaranty Corporation has called out what it says is misleading statements to American Airlines employees by its management about their pension plans under a bankruptcy reorganization. “American Airlines is telling their workers and retirees not to worry, … Continue reading

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