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Tag Archives: auto news
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
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
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%.
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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
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
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
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 auto informed, auto news, auto production, autoinformed, autoinformed.com, automotive news, honda civic, honda crv, honda production, honda production interruptions, japan auto production interruptions, japan earthquake, Ken Zino
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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 april 2010 sales results, april sales, auto informed, auto news, autoinformed, autoinformed.com, automotive news, j.d power, Ken Zino, results, u.s. auto sales, zino
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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
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
Gasoline Prices Rise for Fifth Straight Week, Diesel Price Falls
The U.S. average retail price of regular gasoline increased three and a half cents from last week to $3.88 per gallon, according to the U.S. Energy Information Administration.
This is $1.03 per gallon higher than last year at this time and is the highest price in April since the Energy Information Administration began tracking weekly data in 1990. Continue reading
Treasury Secretary Defends $80 Billion Auto Bailout, Says 90,000 Jobs Added in Strongest Growth Period in Decade
“For the first time since 2004, all three American automakers have an operating profit. And since GM and Chrysler emerged from bankruptcy in June 2009, the industry has added nearly 90,000 jobs—the strongest period of job growth in more than 10 years,” Geithner said. Continue reading
Daimler Group Q1 Sales up 15%. Profit Jumps to €1,180 million
“We achieved excellent earnings in the first quarter. This puts us well ahead of our planning and confirms our positive outlook for the year 2011,” stated Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. Zetsche did not provide specifics, though. Continue reading
Korean Hyundai Motor Profit up 46% in Q1
Hyundai Motor Company said today in a regulatory filing that profits jumped 46% in Q1 as sales were up 21% to 18.23 trillion Korean Won on a consolidated basis. South Korea’s largest automaker benefited from strong sales in China, Europe and the U.S., as competing Japanese automakers struggled with production disruptions because of the Japan earthquake. Continue reading
Posted in auto news
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, Hyundai q1, hyundai results, Ken Zino, korea, q1 results, zino
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