Tag Archives: autoinformed

Treasury Selling More GM Common Stock

The U.S. Department of the Treasury today announced that it would sell another 30 million shares of General Motors Company common stock in a public offering in conjunction with GM’s return to the S&P 500 index. Continue reading

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Latest Toyota Recall is for Prius, Lexus HS 250h Hybrids

Toyota Motor Sales, U.S.A has been given permission from its Japanese headquarters to recall 87,000 model year 2010 Toyota Prius and Lexus HS 250h vehicles because of defective brakes. The U.S. arm of the world’s largest automaker is powerless to order a recall on its own. Continue reading

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Chrysler Balks at NHTSA Jeep Recall Request

Chrysler Group is defying the National Highway Traffic Safety Administration’s request that it recall 2.7 million Jeep models because of allegedly unsafe fuel systems. Covered under the now public dispute over fuel system integrity are 1993-2004 Jeep Grand Cherokee and 2002-2007 Liberty models. Continue reading

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General Motors Sales up Slightly in May as Trucks Dominate

Executive summary: GM remains Number One in the U.S. by 100,000 in sales over quality challenged Ford Motor, which has just announced another massive recall on its best-selling 2013 models. In terms of retail sales though, Toyota Motor continues to be Number One. Continue reading

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Ford Motor Recalls 465,000 2013 Models for Fuel Leaks

In a statement provided at AutoInformed’s request, a Ford spokesperson said that it first became aware of the fuel leak defect because of warranty data – more than 600 consumer complaints – but declined to name the supplier of the defective delivery module in the tank. Continue reading

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Chrysler Group May 2013 U.S. Sales Up 11%

Chrysler Group today reported U.S. sales of 166,596 units, an 11% increase compared with sales in May 2012. It was the Fiat controlled group’s best May sales since 2007. Jeep, Dodge, Ram Truck and Fiat brands each posted year-over-year sales gains in May compared with a year ago. Year-to-date, Group sales are up 9% at more than 752,000 vehicles. Continue reading

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Revised 2014 Chevrolet Malibu Coming after 2013 Flop

The badly outclassed Malibu raises once again the critical question whether General Motors is reformed after a $49.5 billion taxpayer funded bailout or has simply resumed its old losing ways that saw market share erode from almost 60% in 1960 to 18% today. Continue reading

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Price War as Honda Cuts Fit EV Lease to $259

Moreover, the revised Fit EV three-year lease requires no down payment, has unlimited mileage, provides routine maintenance and collision coverage, as well providing a 240-volt home charging station, although the customer must pay for its installation but owns it forever. To the horror of auto execs, this program might foreshadow the next generation of marketing incentives that would apply to other types of vehicles. Continue reading

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April EU Commercial Vehicle Sales Up Slightly. YTD off -7.6%

In a classic half empty or half-full interpretive dilemma, commercial vehicle sales in the EU increased 3.6% for the first time since December 2011. The uptick came mostly from demand for new vans (+5.8%). However, his year, the EU counted on average two more working days compared to the same month in 2012 because of how the Easter holiday fell. Continue reading

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2014 Corvette Stingray LT1 Rated at 455 Horsepower

The 2014 Corvette Stingray’s revised LT1 6.2-liter V8 engine is SAE-certified at 455 horsepower (339 kW) and 460 lb.-ft. (624 Nm) with the standard exhaust system. Previously GM had touted horsepower beginning at 450, then 460, which was obtained with an optional exhaust system… Continue reading

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May U.S. New Vehicle Sales Projected at 12.5 m SAAR

New vehicle sales in May are projected to be about 1 million retail units higher than one year ago, resulting in a seasonally adjusted annualized rate or SAAR of 12.5 million. This is the highest annual rate since January of 2013, and May, if the forecast is accurate, will be the third consecutive month with retail sales in excess of 1 million. Relatively affluent new vehicle buyers are taking advantage of cheap interest rates as the Federal Reserve continues to print money in a desperate attempt to revive a sluggish economy where 16 million people remain unemployed or under-employed because of the ongoing effects of the Great Recession. Continue reading

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Honda Begins Leasing Walking Assist EV in Japan

Test walks by AutoInformed of an earlier model at the Society of Automotive Engineers Convention revealed a surprisingly good EV once you let the device take over. Continue reading

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Recall for Wheels Falling Off 2013 Cadillac SRX Crossovers

GM is recalling 2013 Cadillac SRX crossovers with 18-inch wheels because the lug nuts loosen and some wheels are falling off. The lug nuts are coated with a blue-tint Teflon coating that allows them to loosen. If this happens, a grinding or rattling noise can occur, and a vibration is felt in the steering wheel. If ignored, the wheel studs fracture sending the wheel on its own way. Continue reading

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Auto Insurance Websites Only Rated Fair for Policy Shopping

Auto insurance customers say that using insurance company websites to service an existing policy is generally easier than using them to shop for a policy, according to a new study. Continue reading

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Subaru Steering Wheels Disconnecting. Recall Active

Subaru is recalling model year 2013 Outback and Legacy models manufactured in Indiana from February 2012, through June 2012 because the inner and outer shafts of the steering column may become disengaged from one another. The result in at least three instances is loss of steering from of the defective column from NSK Steering Systems America in Vermont. Continue reading

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