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Tag Archives: autoinformed
More Japanese Price Fixing from Stanley Electric
While the Obama Administration is pushing forward on a secret and job-destroying trade agreement with Japan, another Japanese company, Stanley Electric is caught as part of a huge price fixing cartel, which is hurting the U.S. auto industry and autoworkers as Oriental disdain for U.S. law continues unabated Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Ken Zino, price fixing, stanley electric
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Ford Escape Recalls Soar. Latest for Fires, Oil Leaks
The engine-compartment fuel line may have been installed incorrectly and could chafe and eventually leak fuel leading to more fires. It is not clear to AutoInformed that Ford is on top of the problems, as it appears to be recalling Escape recalls after it earlier had tried to limit the number of vehicles involved. Continue reading
Posted in recalls
Tagged autoinformed, autoinformed.com, escape fires, escape recalls, Ken Zino
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NHTSA Probe Forces Ford Focus EV Recall for Stalling
Once again, sloppy computer programming is responsible. The powertrain control module simply shuts off the Focus EV, just like a Microsoft operating system locking up your computer, but with potentially far dire consequences. Continue reading
Posted in auto news, electric vehicles, recalls
Tagged autoinformed, autoinformed.com, focus recalls, Ken Zino, nhtsa
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Auto Buyers Shopping Lenders. Captives Have Higher Satisfaction Rates
New car dealer recommendations are the most influential concerning lender choice (48% luxury and 50% mass market), but nearly one-fourth (24%) of luxury customers and nearly to one-third (32%) of mass market customers now consider multiple lenders before selecting their finance provider. Continue reading
Posted in customer satisfaction
Tagged auto financing, autoinformed, autoinformed.com, Ken Zino
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Ally Financial Pays Treasury $5.9 Billion, 70% of Taxpayer Debt
As a result, Ally has repaid the U.S. taxpayers $12.3 billion of the $17.2 billion investment that was made in the company when its reckless lending practices in the home mortgage market forced it into bankruptcy. Continue reading
Posted in financial results
Tagged ally, autoinformed, autoinformed.com, gmac, Ken Zino
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Tucson Fuel Cell EV $499 Month Next Spring
The move – part image enhancing green marketing and part technology preview – will put pressure on other automakers to respond. Honda and Toyota have announced plans to sell a limited number of fuel cell sedans in the Los Angeles area by 2015, dependent on a government project to build an expensive hydrogen-refueling network. Continue reading
Near Dead Lincoln Throws MKC LA Party – Wake or Wedding?
The regional ‘wanna be’ upscale brand badly needs a clean launch of the MKC in the fastest growing luxury segment after the botched introduction of the midsize MKZ sedan that resulted in six months of delays that are only now being resolved. On paper, the Escape based compact SUV is the right vehicle at the right time if customers accept the badge engineering approach that led to Mercury’s demise, a highly dubious proposition that has history against it. Continue reading
Posted in marketing, new vehicle
Tagged autoinformed, autoinformed.com, Ken Zino, Lincoln mkc, los angeles auto show
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Honda Fuel Cell Concept Debuts at Los Angeles Auto Show
Honda’s next generation fuel cell-electric vehicle has what is for the moment the world’s first fuel-cell powertrain packaged completely in the engine room of the vehicle. This not only allows more interior space, but it gives the Japanese automaker some flexibility in the use of fuel cell technology in different vehicle types. Continue reading
Japanese Price Fixing Scandal Expands with Two More Indictments and Prison Sentences for Three Takata Executives
Including Hayashi and Nonoyama, 21 companies and 26 executives thus far have been charged in the Justice Department’s ongoing investigation into the automotive parts industry. To date, more than $1.6 billion in criminal fines have been obtained and seventeen of the charged executives have been sentenced to serve time in U.S. prisons or have entered into plea agreements calling for significant prison sentences. Continue reading
Posted in auto news
Tagged autoinformed, autoinformed.com, doj, Ken Zino, price fixing, takata, Yamashita Rubber
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Treasury Out of General Motors Stock by Year End
During 2009 when the Bush Administration’s Great Recession was in full force and worsening, the U.S. government via taxpayers 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. Treasury has been selling the stock since late last year. A quick back of the envelope calculation at current market rates shows that taxpayers will ultimately lose ~$10 billion. Continue reading
Posted in economy, news analysis
Tagged autoinformed, autoinformed.com, Ken Zino, tarp, u.s. treasury
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November U.S. Sales Forecast at 1.2 Million
Through the first half of November, the average transaction price of new vehicles is $30,079, an increase of $461 from November 2012. Sales and transaction price increases mean that consumers will spend 10% more on new vehicles during the month than they did in November 2012, and nearly double the level of November 2008 during the Bush Administration’s Great Recession. Continue reading
Carbon Black Maker Cabot Corporation Fined by EPA
Boston-based Cabot Corporation, the second largest carbon black manufacturer in the United States, will pay a $975,000 civil penalty and spend an estimated $84 million on technology to control harmful air pollution, resolving alleged violations of the New Source Review (NSR) provisions of the Clean Air Act (CAA). Continue reading
Posted in auto news, environment, litigation
Tagged autoinformed, autoinformed.com, cabot corp, carbon black, epa, Ken Zino
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New 2015 Chevrolet Colorado Mid-Size Pickup Debuts in LA
Chevrolet today unveiled an all-new 2015-model Colorado mid-size pickup, catching pickup truck sales leader Ford Motor napping, as well as Ram, because both brands have deserted the lucrative niche by dropping their Ranger and Dakota models. As a result, Toyota Tacoma currently dominates with only some mild to weak competition from the Nissan Frontier. Continue reading
Posted in new vehicle
Tagged autoinformed, autoinformed.com, Ken Zino, mid-size pickup trucks
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Porsche Macan Compact SUV Debuts in Los Angeles
Porsche introduced a new compact SUV, Macan, built from a Volkswagen architecture at the Los Angeles auto show today. It is part of a global assault on the booming small SUV market and follows the Cayenne philosophy of offering multiple high performance powertrains. Continue reading
EU Posts Second Straight Month of Gains in Car Sales
Nonetheless from January to October, new car registrations amounted to 10,006,807 units, or -3.1% fewer than in the same period last year as the austerity policies of European politicians continue to wreak havoc on a weak economy that is experiencing five straight years of light vehicle sales declines. The October results were the second lowest level to date for a month of October. Continue reading
Posted in auto news, sales
Tagged autoinformed, autoinformed.com, eu sales results, eurozone, Ken Zino
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