Tag Archives: results

General Motors September Sales Up 20%, Led by Pickup Trucks

Posted on 3 October 2011 by Ken Zino

Based on early results GM is maintaining a market share of about 20%, which means it remains solidly in first place even as the Japanese maker are now back in full production. It also appears to prove the wisdom of the U.S. Treasury Department’s insistence on killing four brands, as part of the taxpayer bailout, and concentrating on the remaining four – Chevrolet, GMC, Buick and Cadillac in descending sales order. However, Cadillac (+1%) and Buick (+5.6%) appear to be badly trailing overall industry growth basis. Continue reading →

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Chrysler Group U.S. Sales Up 27% in September, Led By Trucks

Posted on 3 October 2011 by Ken Zino

Chrysler Group’s Retail sales were up 50%. Chrysler Group has beaten the average industry sales increase in eight of nine months this year, and is in a dead heat with Toyota Motor Sales for the Number Three position in the U.S. Continue reading →

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U.S. September SAAR Projected at Weak 10 Million Vehicles

Posted on 30 September 2011 by Ken Zino

September could be the first time that new-vehicle retail sales have remained strong throughout the month in the U.S. since the stronger selling rates at the beginning of 2011 before the economy stalled, according to projections from consultancy J.D. Power and Associates. Continue reading →

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U.S. September Sales Up from ‘10. SAAR Weak at 12.9 Million

Posted on 22 September 2011 by Ken Zino

This is the first time the retail selling rate would be above 10 million units since the 10.8 million-unit rate in April, if the J.D. Power and Associates projection holds up. Nonetheless, sales are far, far below the 16-17 million unit SAARs of last decade as a jobless recovery continues with record levels of long-term unemployment. Continue reading →

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Toyota Production Now at 100% in North America and Japan

Posted on 14 September 2011 by Ken Zino

Toyota’s North American production has now returned to 100%. The resumption of all car and truck manufacturing – months ahead of initial projections – is welcome news at Japan’s largest automaker, whose U.S. sales through August have declined 16% year-over-year, relegating it to fourth place, while the market grew 10.5%. Continue reading →

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Chrysler Group August Sales Up 31% in U.S.

Posted on 1 September 2011 by Ken Zino

Chrysler Group August sales were 130,119 vehicles in the U.S., a 31% increase compared with sales in August 2010 of 99,611 units. The smallest of the Detroit Three said this was the best August sales since 2007. Based on early sales numbers this was much greater growth than average auto industry growth in August. Continue reading →

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General Motors U.S. August Sales Increase 18%

Posted on 1 September 2011 by Ken Zino

General Motors today reported total August sales of 218,479 vehicles, an 18% increase compared with August 2010. The August sales gains were evenly divided among car, crossover and the truck segments that GM reports on. Continue reading →

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August Auto Sales Down Again, Below Recent Predictions

Posted on 31 August 2011 by Ken Zino

Hurricane Irene only added to ongoing auto sales woes, as consumer confidence declined yet again. Housing prices also dropped and not only the ones under water; the Federal government admitted, finally, that real GDP growth for the first half of 2011 was less than 1%; while Federal Reserve Board meeting notes showed that the governors were at a loss as to what to do next to stimulate a stalled economy. Continue reading →

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August New Vehicle Sales Barely Up. U.S. Economy Still Stalled

Posted on 18 August 2011 by Ken Zino

It looks like the new vehicle retail sales for August will continue at a seasonally adjusted annualized rate (SAAR) of a mere 9.9 million units since sales for August are projected at 898,000 units. The retail selling rate is just … Continue reading →

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Volkswagen Continues Growth in July. China Largest Market

Posted on 17 August 2011 by Ken Zino

Despite ongoing EU economic woes and profligate government debts, Volkswagen deliveries in Europe totaled 1.02 million models to customers in July (0.94; +8.1%), of which 556,500 (541,500; +2.8%) were delivered in Western Europe excluding Germany. Deliveries on the home market of Germany were, not surprisingly, better, with 352,700 (325,100; +8.5%) vehicles handed over to customers. Continue reading →

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Ford Europe Sales Fall in July as EU Economic Woes Continue

Posted on 17 August 2011 by Ken Zino

Ford’s market share in its traditional 19 European markets was 8.3% for the first seven months of the year, 0.3 percentage points lower in the same period 2010 as Ford continues to lose ground to competitors who are employing a combination of heavy incentives and new models to increase share. As a result Ford’s market share in July fell 0.2 percentage points to 8.1%. Continue reading →

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Volvo Car Posts Profit in Q2. Predicts Volatile Second Half

Posted on 17 August 2011 by Ken Zino

Volvo Car Corporation posted today a profit of 600 million SEK (~$95 million) because of increased sales for Q2. However the Chinese owned company warned of a “volatile second half of the year. The operating improvement of 170 million Kronor … Continue reading →

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Ovonic Battery Company Extends NiMH License with GS Yuasa

Posted on 15 August 2011 by Ken Zino

Last month Energy Conversion Devices announced that it is trying to sell its Ovonic Battery subsidiary. OBC’s principal activities are licensing its battery technologies (including nickel-metal-hydride – NiMH – once used on the ill-fated GM EV1), participating in joint development programs to support battery applications, and manufacturing mixed-metal hydroxide cathode materials for sale to its licensees for use in battery production. OBC invented the NiMH rechargeable battery technology that is used globally in most hybrid-electric vehicles, and in many consumer and commercial rechargeable batteries. However, Lithium Ion technology is now preferred by virtually all automakers in new development programs. It is also heavily subsidized by taxpayers through various government grants. Continue reading →

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Porsche Sales Down in July, But Set New Record in China

Posted on 12 August 2011 by Ken Zino

Porsche said it had record sales in the Chinese market in July with deliveries of 2,484 vehicles, the best monthly result in China ever. In total the sports car manufacturer delivered 14,751 vehicles in the current financial year in what is now Porsche’s second largest market. This marks a 72.6 % increase compared with the period January to July 2010. The Cayenne especially is in strong demand in Asia. Continue reading →

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BMW Group Posts Record Global Sales for July

Posted on 8 August 2011 by Ken Zino

BMW was the best-selling premium automobile brand in the US market, although incentive costs were rising to almost $3,000 a unit and Lexus was effectively shut out of the market because of earthquake shortages. Continue reading →

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