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Tag Archives: economy
April Global Light Vehicle Sales Tick Up Slightly
The Global Light Vehicle (LV) selling rate was 86 million units annually in April 2024, a modest improvement on the previous month, according to an analysis just released by the respected GlobalData consultancy.* With 6.8 million vehicles sold in April, this was a 2.8% improvement year-on-year (YoY), with year-to-date (YTD) sales increasing 3.8%.
Regional selling rates continued to see mixed results GlobalData said. In the US, the selling rate grew month-on-month (MoM). China’s selling rate eased despite the continuation of the price war. Europe also saw a moderate contraction in the selling rate in April versus March. In Japan, sales bounced back after production disruptions at major brands. Continue reading
Unifor Stellantis Agreement Good for All Workers in Transition
“After a short strike throughout the night Unifor has reached now a tentative agreement with Stellantis. The deal came about around 7:00 AM this morning, after bargaining throughout the night. And yes, as you can tell all of those here are tired, but also very, very proud of the work that we’ve done for Canadian auto workers. ” said Unifor National President Lana Payne said late this afternoon at a hotel in Toronto. Continue reading
Posted in auto news, AutoInformed Editorial, customer satisfaction, economy, environment, labor issues, manufacturing, milestones, mobility company, news analysis, people, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, economy, James Stewart, Ken Zino, labor issues, Lana Payne, manufacturing, milestones, Mobility Company, news analysis, Unifor Stellantis 2023 contract agreement.
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Ford UAW is Next Labor Contract Fight. Strike Possible?
If the GM UAW contract sets the pattern, as it has in the past, a combination of job creation and increased pay for new union hires (the shrinking UAW desperately needs the revenues) will occur and signing bonuses will be given to existing workers under a new Ford UAW deal. Continue reading
Posted in auto news, economy, labor issues, people
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, chrysler uaw, economy, fiat uaw, ford uaw, gm uaw contract, Ken Zino, labor issues, manufacturing, organized labor, transportation and tagged auto bailouts, uaw, uaw gm, zino
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CBO Says 2011 U.S. Budget Deficit Third Highest in History
CBO projects that real GDP will increase by only 2.3% this year and by 2.7% in 2012. Worse, under current law, federal tax and spending policies will impose substantial restraint on the economy in 2013, so CBO projects that economic growth will slow that year before picking up again, averaging 3.6% per year from 2013 through 2016. Continue reading
July Unemployment Stagnant at 9.1% as only 117,000 Jobs are Created. Almost 14 Million People are Officially Out of Work
The latest negative economic news came after automakers reported that total U.S. light vehicle market in July grew less than 1% from what was a weak July of 2010 as the economy languishes. Continue reading
Posted in auto news, economy, results
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, bls, economy, july unemployment, Ken Zino, u.s. unemployment, unemployment, zino
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Small Business Firms Decline Again in the United States
These are businesses without paid employees but nonetheless are firms paying income taxes needed to balance the budget. Real estate agents, beauticians and construction contractors are examples of non-employer businesses. Overall, U.S. non-employer businesses generated approximately $837.8 billion in receipts during 2009. Continue reading
Posted in auto news, economy, news analysis
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, budget deficit., census bureau, economy, Ken Zino, recession, small business, zino
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Honda Overseas and Japan Production Down Again in May
Honda Motor Company in Japan today announced that vehicle production declined by more than 50% for the month of May 2011. It was the third straight month that production dropped due to the ongoing negative effects of the Japan earthquake and tsunami in March. Continue reading
Posted in auto news, economy, financial results, manufacturing, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, economy, financial results, japan, japan auto industry, japan earthquake, Ken Zino, news analysis, sales and tagged 2012 honda forecast, tmc profits, toyota forecast, yen value
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$10,000 Increase per Auto Under Fuel Economy Proposal?
Some of the proposed changes to increase fuel economy and decrease greenhouse gases starting in 2017 could cost new car buyers from $3,700 to more than $9,000 per vehicle if they are adopted, and that’s before another $1,500 or so is added for additional safety equipment.
The new fuel economy mandates under consideration by the government are based on reducing emissions ranging from 3% to 6% per year, the same as increasing fuel mileage equivalent amounts. The highest increase, 6% per year, will raise the Corporate Average Fuel Economy (CAFE) from 35.5 mpg in 2016 to 62 mpg in 2025. Continue reading
Posted in alternative fuels, auto news, economy, electric vehicles, environment, news analysis
Tagged auto informed, autoinformed, autoinformed.com, cafe, car, center for automotive research, co2, economy, fuel economy regulations, ghg, job losses, Ken Zino, regulations hurting jobs, sean mcalinden, unemployment
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Honda Motor Predicts $2.4 Billion Profit Drop from Earthquake
This represents a 63.5% decline for Japan’s third largest automaker compared to the previous year, the result of production disruptions caused by the Japan earthquake and tsunami, rebuilding costs, as well as a strong Yen at an unprecedented ¥80:$1. Continue reading
Posted in auto news, economy, financial results, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, economy, financial results, japan, japan auto industry, japan earthquake, Ken Zino, news analysis, sales and tagged 2012 honda forecast, tmc profits, toyota forecast, yen value
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U.S. Treasury to Sell $2.7 Billion of Ally Preferred Securities
As part of this corporate welfare program, Treasury invested a total of $17.2 billion in a failing Ally. This was the result of what critics called reckless lending practices in the home mortgage markets, which caused huge Ally losses when the housing bubble burst in 2009. Continue reading
Fuel Economy Regulations Risk Huge Job Losses, While Increasing Environmental Damage, CAR Study Predicts
This comes as the U.S. national unemployment rate hovers at an official 9.8%, which is an understated number since it doesn’t include under-employed, forced retirees or beaten down job seekers who are the victims of Republican ‘socialism and tax cuts for the rich’ policies. Continue reading
Posted in auto news, AutoInformed Editorial, economy, environment, fools 'n frauds, fuel economy or emissions, global warming, public health
Tagged auto informed, autoinformed, autoinformed.com, cafe, car, center for automotive research, economy, fuel economy regulations, ghg, job losses, Ken Zino, mcalinden, regulations hurting jobs, unemployment, zino
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General Motors Underwriters Take Maximum Number of Shares in IPO
What this really means is U.S. taxpayers now own about 33% of General Motors, down from the U.S. Treasury’s ownership of GM’s outstanding shares of common stock of 61% before the IPO. Continue reading
UAW Live – Hours Before Daimler Truck Contract Expires
UAW President Shawn Fain, alongside the UAW Daimler Truck North America Bargaining Committee, will address Daimler workers and allies on Facebook Live just hours before the contract for more than 7000 UAW workers expires at midnight. Continue reading →