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Tag Archives: auto news
Toyota Posts Fiscal Year Profit of $5 Billion, but Q4 Dives
Toyota Motor Corporation (TMC) today announced that net revenues for the fiscal year ended 31 March 31 2011 were 18.993 trillion yen, an increase of 0.2% compared to the previous fiscal year as Japan’s largest automaker continues to struggle to return to pre-2008 levels of return. TMC operating income increased from 147.5 billion yen to 468.2 billion yen, while net income increased from 209.4 billion yen to 408.1 billion yen, or $5.1 billion. Continue reading
CAR on U.S. Economy Impact of GM’s Plant Investments
In an analysis of General Motors’ newly announced plant investments, the Center for Automotive Research (CAR) today said that more than 28,000 jobs will be retained or created, and will contribute almost $2.9 billion to the U.S. Gross Domestic Product. Continue reading
Posted in auto news, economy, labor issues, manufacturing, news analysis, results
Tagged auto bailouts, auto informed, auto news, autoinformed, autoinformed.com, automotive news, car, center for automotive research, chrysler, GM, gm bankruptcy, gm employment, Ken Zino, manufacturing jobs, unemployment
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NASCAR’s Rick Hendrick Builds Own Engine for Corvette Z06
The so called Engine Build Experience is a $5,800 option when a customer purchases a new Corvette Z06 or ZR1. Yes, you pay more to get your hands dirty by helping to assemble your $100,000 Corvette – as there’s marketing genius here. Continue reading
GM to Invest $2 Billion in U.S. Plants, Depending on Tax Breaks
Critics, of course, say the cost per job – when you total all the loans and tax breaks – is exorbitant, especially since what is mostly going on these days is the retention of existing jobs long after jobs move South to non-union transplants. Continue reading
BMW Group Plans Additional €400 Million Investment in China
The BMW Group in Munich said that it will expand manufacturing capacity in China by more than €400 million in conjunction with its Chinese Joint venture partner. Continue reading
Ex General Motors Chairman Bob Stempel Dead at 77
Stempel was an engineer by training with an analytical, easy going disposition who was accessible to the media. On many occasions I listened as he patiently explained complex manufacturing and development processes that he was instituting first as president of GM during the late 1980s, then as chairman. All to little apparent good effect, and far too slow in producing results for the Board of Directors. Continue reading
Posted in auto news, news analysis, people
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, chevrolet volt, ev1, general motors, gm bankruptcy, impact, Ken Zino, lloyd reuss, robert stempel
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Motorists Want More Laws, Enforcement on Highway Safety
“Despite shrinking federal and state transportation budgets and a public debate over the most appropriate role of government, it’s clear that a majority of Americans want government officials to do more – not less – about highway safety,” claimed AAA President and CEO Bob Darbelnet. Continue reading
Chevrolet Recalls Cruze for Transmission and Steering Defects
Chevrolet is recalling more than 200,000 Cruze compact cars for two safety related defects caused by improper manufacturing that can result in Cruze models rolling away while in park or the driver losing control of the steering. Continue reading
Posted in auto news, manufacturing, recalls, safety
Tagged auto informed, auto news, auto recall, auto safety, autoinformed, autoinformed.com, automotive news, chevrolet cruze recall, cruze, Ken Zino, nhtsa, recall
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U.S. Gasoline, Diesel Prices Move Higher, Setting May Record
The U.S. average retail price of regular gasoline added more than 8 cents over the last week to tally $3.96 per gallon.
This is $1.07 per gallon higher than last year at this time and is the highest price in May since the U.S. Energy Information Agency began tracking weekly data in 1990 as if drivers need the federal government telling them what they are paying – painfully – at the pump. Continue reading
Pork Update – USDA and DOE Award $47 Million in Taxpayer Dollars for Biomass Research to Special Interests
U.S. Agriculture Secretary Tom Vilsack and U.S. Energy Secretary Steven Chu have announced that $47 million in taxpayer dollars will be diverted to fund eight research and development projects to support the production of biofuels, bioenergy and biobased products from … Continue reading
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 auto informed, auto news, autoinformed, autoinformed.com, automotive news, buick china, china, communist china, general motors china, gm china, Ken Zino, zino
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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 auto informed, auto news, autoinformed, autoinformed.com, automotive news, job creation, jobs, Ken Zino, u.s. economy, unemployment
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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
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
Korean U.S. April Sales Surge as Japanese Automakers Lag
However, while rising gasoline prices might be good in the short term for automakers with fuel efficient lineups, historically they ultimately hurt auto sales and the overall economy after about six months as consumers look for other ways to save the money that is being siphoned off at the pump. Continue reading
