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Tag Archives: zino
Akerson Praises GM at Annual Meeting as Stock Languishes
The weaknesses at GM remain in its sales of traditional trucks, with a 110 days supply of full size pickups; it’s heavy use of incentives, which remain higher than the industry average, (but are lower than the levels that drove it into bankruptcy); and gaps in updating the product line because of delayed programs at the end of the last decade when cash was short. Continue reading
Posted in auto news, economy, financial results, news analysis, people, performance
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, dan akerson, GM, gm annual meeting, gm bankruptcy, gm ipo, Ken Zino, zino
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Chevrolet Recalls Colorado for Defective Windshield Wipers
Chevrolet is recalling 2011 model Colorado Pickup trucks because the windshield wipers can fail. GMC Canyon pickups are also affected by the recall that is caused by a loose nut in the wiper linkage. Continue reading
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
Posted in auto news, economy, marketing, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, buick china, china, communist china, general motors china, gm china, Ken Zino, 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
