Tag Archives: autoinformed

EPA Wants Air Quality to Improve in Ports

Posted on 11 December 2013 by Ken Zino

Most of the country’s busiest ports are located near large metropolitan areas and, as a result, people in nearby communities can be exposed to high levels of diesel emissions. Continue reading →

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Penske Buys Texas Toyota and Hyundai Dealerships

Posted on 11 December 2013 by Ken Zino

Penske said it expects to generate approximately $200 million in revenue each year from the new stores. Continue reading →

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Mary Barra to become GM CEO when Dan Akerson Retires

Posted on 10 December 2013 by Ken Zino

There’s the sound of breaking glass in Detroit this morning as General Motors says that Dan Akerson steps down as chairman and CEO on 15 January 2014 with Mary Barra, 51, currently executive vice president, Global Product Development is elected by the Board of Directors to become the next CEO.
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First Look – 2015 Ford Mustang

Posted on 10 December 2013 by Ken Zino

The 2015 Ford Mustang continues the current look with what’s said to be an all-new platform for the original pony car, but to the casual observer the Mustang will appear as a nice freshening with a new grille and taillights grafted onto the current car. Continue reading →

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Treasury No Longer Owns GM Common Stock

Posted on 9 December 2013 by Ken Zino

Treasury in a statement said it recouped a total of $39 billion from the original GM investment. Taxpayers in 2009 gave GM $49.5 billion in loans ($50 billion including loans for the Supplier and Warranty Programs) in exchange for $2.1 billion in preferred stock and a 60.8% equity stake in the reorganized company. Continue reading →

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Economist Says Auto Bailouts Saved More than 4 Million Jobs

Posted on 9 December 2013 by Ken Zino

A newly released report by the Center for Automotive Research, aka CAR, says that the auto bailouts conducted during the 2009 by the U.S. federal government saved more than 4 million jobs. It also saved U.S. taxpayers or avoided the loss of $105.3 billion in transfer payments and the loss of personal and social insurance tax collections or 768% of the net investment of the thus far $11.8 billion. Continue reading →

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Macomb County Pol Touts Auto Recovery

Posted on 9 December 2013 by Donna Barbera

Macomb County Executive Mark A. Hackel, 51, said the automotive sector is heading in new directions in Macomb County and pointed to recent “wins” involving the Detroit Three, who are among the county’s top employers. The Democrat, who lives off of taxpayers in 27 communities located just north of bankrupt Detroit, noted that automakers and suppliers have made $2 billion in investments during the past three years, and Macomb is home to more than 40,000 automotive industry jobs. Continue reading →

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Holiday Shoppers Boost November U.S. Auto Sales

Posted on 5 December 2013 by Ken Zino

The upshot was a SAAR or seasonally adjusted annualized selling rate of more than 16 million – back to the levels before the Bush Great Recession years took hold starting in 2008. Continue reading →

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Kia Korean-Built Sedona and Hyundai Entourage Recalls Active

Posted on 2 December 2013 by Ken Zino

Dealers will inspect for corrosion of the front lower control arms, and will either rustproof or replace them, free of charge as is required by U.S. safety regulations. Continue reading →

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Used Vehicles Sales Strong in December. Trucks in Demand

Posted on 2 December 2013 by Ken Zino

With 80% of all workers commuting in vehicles, 38,711,288 previously owned cars and trucks have changed title so far this year with a total value from all three channels based on transaction prices at $29.12 billion, up +7.8% compared $27.01 billion in the comparable period. The record for used vehicle sales in one year occurred in 2005 at 44,138,263. Continue reading →

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Milestones – Toyota Baja 10 Years of Tacoma Production

Posted on 2 December 2013 by Ken Zino

So much for the Obama Administration’s pledge, err political blather, to eliminate needless government regulations. The chicken tax stands after all these years. Moreover, so much for the Administration’s promise to create American manufacturing jobs. As to Ford’s conduct, well make up your own mind, but if the laughable proposition that “corporations are people” is used, then hypocrite applies. Continue reading →

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Saab 9-3 Production Restarts in Trollhättan. Cars Going to China

Posted on 2 December 2013 by Ken Zino

Sales are initially in China with a small number of vehicles sold directly to Swedish customers via the NEVS’ website. The aging 9-3 design, introduced in 1992, comes with a 220 horsepower, 2-liter turbo, the traditional high-performance engine of the Saab cars. Continue reading →

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GM to Convert All Series B to Common. Dividend Coming?

Posted on 30 November 2013 by Ken Zino

With the U.S. Treasury selling its remaining GM shares by the end of the year, the pressure is now on a profitable GM to start paying a dividend on common, which it has never done. Continue reading →

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Matt Tsien New GM China President as Bob Socia Retires

Posted on 29 November 2013 by Ken Zino

The move comes as GM China is facing a serious challenge to its long held sales leadership in the communist country from Volkswagen Group. GM was apparently caught napping and did not anticipate shifts in the market to small trucks and SUVs. Continue reading →

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NASCAR Buys Faltering Iowa Speedway

Posted on 29 November 2013 by Ken Zino

Just before the Thanksgiving holiday, NASCAR said it purchased Iowa Speedway. The agreement for an unspecified amount departs from the usual France family practice of gathering racetracks under the semi-independent International Speedway Corporation that controls Daytona, Homestead, Talladega and Watkins Glen among other premier venues. Continue reading →

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