Tag Archives: zino

Ford Motor January U.S. sales up 13%

Posted on 1 February 2011 by Ken Zino

Ford Motor Company reported January sales were 127,317, up 13% from 2009, as the killing of the Mercury brand and a 27% decline in sales to daily rental companies hurt results. Continue reading →

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General Motors January Sales Rise 23%

Posted on 1 February 2011 by Ken Zino

General Motors dealers reported 178,896 total sales in the United States during January, a 23% increase from a year ago for the company’s four brands. Retail sales were 36% higher than January 2009. Continue reading →

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Ally Financial Posts Net Income of $1.1 Billion in 2010

Posted on 1 February 2011 by Ken Zino

Ally Financial Inc. today reported net income of $79 million for the fourth quarter of 2010, compared to a net loss of $5.0 billion for the fourth quarter of 2009. For full-year 2010, Ally (formerly GMAC and now taxpayers own … Continue reading →

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Renault Group Reports €38.97 Billion in 2010 Revenue; Return to Profitability Because of Record Sales of 2.6 Million Vehicles

Posted on 31 January 2011 by Ken Zino

Renault Group has turned around its results, according to a statement issued today by Carlos Ghosn, Chairman and CEO.

“Renault can already announce that, driven by record commercial results in a growing world market and good cost control, the Group has largely exceeded its annual free cash flow objective and reduced net automotive debt to €1.4 billion,” Ghosn said. Continue reading →

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Chrysler Group Posts $652 Million Loss in 2010

Posted on 31 January 2011 by Ken Zino

Chrysler Group LLC today said that it had a total year net loss in 2010 of $652 million, and a net loss of loss of $199 million in Q4 2010, compared to a net loss of $84M in Q3 2010. Debt increased by $0.4 billion in 2010 to $5.8 billion from 2009 as the revision of 16 models increased costs and deceased revenue during their launch. Cash as of 31 December 2010 was $7.3 billion compared to $8.3 billion on 30 September 2010. Continue reading →

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TRW and Fallbrook Sign MOU to Develop Continuously Variable Accessory Drive for Commercial Vehicles

Posted on 31 January 2011 by Ken Zino

TRW Automotive and Fallbrook Technologies today announced that they have signed a memorandum of understanding to develop applications for Fallbrook’s continuously variable accessory drive (CVAD) technology for commercial vehicles.

The specific applications covered by the MOU were not disclosed, but are designed to improve both performance and efficiency of vehicle accessories, which could directly increase vehicle fuel efficiency. Continue reading →

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Comments Closing Today on Proposed Bus and Truck Fuel Economy Standards. 500 million barrels of oil at stake?

Posted on 31 January 2011 by Ken Zino

The proposed rules would create comprehensive heavy-duty national program (HD National Program) designed to address what EPA says is “the urgent and closely intertwined challenges of dependence on oil, energy security, and global climate change.” Continue reading →

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Allstate Says Its Zodiac Accident Rate Release is Hooey

Posted on 30 January 2011 by Ken Zino

The Allstate Corporation set off a furor last week when it issued a press release that compared Zodiac sign accident rates.

In it the auto insurance giant said that during the past year, Virgos were “nearly 700% more likely to be in a car accident when compared to the determined and aware Scorpio accident rates, the best drivers in the study.” Scorpios were only involved in 1.5% of all accidents in 2010. Continue reading →

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Honda Ranks First for Automaker Website Satisfaction

Posted on 30 January 2011 by Ken Zino

Honda’s website ranks the highest among new vehicle shoppers, according to an automaker website evaluation study just released. Honda had the highest with a score of 836 on a 1,000-point scale, and performs particularly well in information/content, navigation and speed measures, according to J.D. Power and Associates. Continue reading →

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Smart USA Delivers First ForTwo Electric Vehicle

Posted on 29 January 2011 by Ken Zino

Smart USA has delivered the first Smart ForTwo electric vehicle to a retail customer in the United States. Penske Automotive Group Chairman Roger Penske and Smart USA President Jill Lajdziak made the ceremonial delivery to lessee Mindy Kimball at her home in Silver Spring, MD. Continue reading →

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Toyota Tops in Quality in Germany Says TÜV

Posted on 28 January 2011 by Ken Zino

Germany’s leading technical inspection association, TÜV, says the Toyota Prius ranks in first place for quality for vehicles aged two to three years. TÜV reports only 2.2% of the Prius hybrids inspected showed signs of a defect.

Toyota’s Auris was a close second in the same category at just 2.3% compared with an average of 5.5%. Furthermore, vehicles across Toyota’s product line performed well in the annual report – including the Avensis, Corolla Verso, RAV4 and Yaris models. Continue reading →

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260 MPG Volkswagen XL1 Debuts at Qatar Motor Show

Posted on 28 January 2011 by Ken Zino

Volkswagen is showing a two-seat XL1 prototype this week at the Qatar Motor Show in Daho that it claims uses 0.9 liters of gasoline for every 100 km traveled, or more than 260 miles per gallon for the metrically challenged. Continue reading →

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Renault-Nissan Alliance Posts Record 2010 Sales of 7.3 million

Posted on 28 January 2011 by Ken Zino

The Renault-Nissan “Alliance” had a record year with 7,276,398 units sold in 2010, a 19.6% increase over 2009 in a market that grew by 11.8%, Renault today said in a release.

This means that Renault-Nissan Alliance captured 10.3% of the global market in 2010, if you use Renault’s estimate of 70,476,213 vehicles sold during the calendar year. Continue reading →

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Ford Reports 2010 Full Year Net Income of $6.6 Billion

Posted on 28 January 2011 by Ken Zino

Ford Motor Company (NYSE: F) today reported 2010 full year net income of $6.6 billion, or $1.66 per share, an increase of $3.8 billion, or 80 cents per share, from 2009. Continue reading →

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Chevrolet Volt Hybrid Available Nationwide By End of 2011

Posted on 27 January 2011 by Ken Zino

Chevrolet said today that it is moving up the national rollout of the Volt hybrid to the end of this year instead of 2011. The latest development for the increasingly popular four-seat car comes closely after General Motors decided to increase Volt production for at least the second time in four months. Continue reading →

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