Tag Archives: autoinformed

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Chrysler Group Credit Ratings Remain at Junk Level with Latest Standard & Poor’s and Moody’s Investor Assessments

Standard & Poor’s Ratings Services said today that it assigned its preliminary “B+” corporate credit rating to Chrysler Group LLC. The rating outlook for what remain “junk bonds” for posing significant financial risk. The outlook is stable, though.

Concurrently Moody’s Investor Services assigned Chrysler a “B2” rating, also a junk rating or non-investment grade. Continue reading

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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

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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

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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

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