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Tag Archives: autoinformed
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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Honda Q4 Profit Drops as Yen and Earthquake Shake Results
Honda Motor Company said today in Japan that profits plunged 38% to ¥44.55 billion (~$547 million) in the current fourth quarter as a result of the Japan earthquake and ongoing appreciation of the Japanese Yen. Honda’s net profit in Q4 … Continue reading
2012 Corvettes at More than 1.1g Lateral Acceleration!
Chevrolet announced today that its high-performance 2012 Corvette Z06 and ZR1 models will debut this July with optional Michelin tires that are capable of more than 1.1g in lateral acceleration, the highest ever for the sports car. Continue reading
50,000 Died from “Occupational Diseases” and 4,340 Worker Deaths on Job in 2009, Latest AFL-CIO Report Says
Workplace safety has improved in the 40 years since the Occupational Safety and Health Act was passed, but many workers remain at risk, according to the AFL-CIO. In a new report, “Death on the Job: The Toll of Neglect,” the … Continue reading
Chrysler to Repay Loans with New Debt. Fiat to Up Stake to 46%. Credit Ratings under Review for Possible Downgrade?
Chrysler Group will repay the loans provided from the U.S. Department of the Treasury and the Canadian federal and Ontario governments by June. Continue reading
U.S. Motorcycle Sales Rise During the First Quarter
Motorcycle sales among major brands rose 7.2% in the first quarter of 2011 compared to the same period last year, according to the Motorcycle Industry Council. Not surprisingly the “inexpensive” scooter segment saw the biggest gain, up nearly 50%. Sales … Continue reading
Don’t Run a Gas Tank Dry – It Can Cost More than $4 Gallon
It’s a bad strategy, particularly if you run out of gas and get stranded. Here your problems and expenses might just be beginning as costly repair bills can ensue. Continue reading
Toyota Motor and WiTricity Form Wireless Charging Alliance
Toyota Motor Corporation (TMC) said today in Japan that it has entered into a technology sharing agreement with U.S. based WiTricity Corporation. The world’s largest automaker will explore the practical application of automotive wireless charging systems and the promotion of … Continue reading
