Diane Alter – AHN News Reporter Detriot, MI, United States (AHN) – Chrysler reported a $225 million profit on Wednesday. The company capped its first profitable year since its government bailout and bankruptcy in 2009. The fourth quarter results were fueled by $15.1 billion in revenue, a 41 percent increase from the same period a [...]
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Chrysler posts $225 million profit
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Comments OffGM back on top as world’s biggest automaker
admin Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Even if you prefer Ford, BMW, Mercedes or Volkswagen, if you are an American taxpayer, you are cheering the news. General Motors, one-third of whose shares are owned by U.S. taxpayers, sold 9,025,942 vehicles in 2011, up 7.6 percent from 2010. The [...]
Posted in Car Check Tags: american taxpayer, bailout, car, compact car, Cruze, first nine months, floods in thailand, General, King, largest automaker, massive floods, million cars, news, percent, production, same time period, share, share shares, spot, taxpayer, tsunami, tsunami in japan, volkswagen Comments OffVW sells record 5.1 million cars in 2011
admin Linda Young – AHN News Writer Wolfsburg, Germany (AHN) – Volkswagen AG announced it had record sales of 5.1 million cars and sport-utility vehicles worldwide in 2011. Sales were up worldwide by 13.1 percent in 2011 from 2010, company officials said. Volkswagen is Europe’s largest carmaker. Although much of its growth came from gains in [...]
Posted in Car Check Tags: automaker, company officials, largest carmaker, linda young, market environment, million cars, million vehicles, news writer, russia and the united states, sport utility vehicles, volkswagen ag Comments OffHonda widens recall for airbag problem
admin Linda Young – AHN News Writer Torrence, CA, United States (AHN) – Japanese automaker Honda has expanded its previously announced recall of vehicles with dangerous air bags to include almost 900,000 vehicles. The recall affects only vehicles sold in the United States and includes model years 2001 to 2003 of the affected cars. The recalled [...]
Posted in Car Check Tags: Acura, acura owners, AHN, air bags, airbag, call, com, dealer, honda owners, inspection, japanese automaker, linda young, mail, Model, news, news writer, online, risk, select option, torrence ca, vehicle, www Comments OffGM CEO: Earnings good, but not good enough
admin Diane Alter – AHN News Reporter New York, NY, United States (AHN) – General Motors reported better than expected earnings in the third quarter on Wednesday, but CEO Dan Akerson said the quarter “isn’t good enough,” a signal that more cost cutting lies ahead. GM, the U.S.’s largest automaker, earned $1.7 billion, or $1.03 a [...]
Posted in Car Check Tags: automaker, cost cutting, Dow, fourth quarter, General, general motors, global economy, gm, guidance, income, initial public offering, largest automaker, margins, Net income, news, news reporter, noon, percent, share, signal, Solid, View, Wednesday Comments OffChinese companies buying automaker Saab
admin Linda Young – AHN News Writer Stockholm, Sweden (AHN) – Struggling automotive icon Saab will change hands again in a proposed deal to save it from bankruptcy by selling it to two Chinese companies. Swedish Automotive will sell its Saab unit to Chinese distributor Pang Da Automobile Trade and auto manufacturer Zhejiang Youngman Lotus Automobile. [...]
Posted in Car Check Tags: auto manufacturer, automaker, car, chinese automakers, chinese companies, Court, deal, economic woes, General, Linda, linda young, lotus automobile, news, news writer, restructuring, Saab, stockholm sweden, Struggling, trade, View, Youngman, zhejiang Comments Off
Ford, United Auto Workers reach tentative contract
admin Kris Alingod – AHN News Contributor Detroit, MI, United States (AHN) – Ford has reached a tentative labor contract with union workers in more than two dozen plants nationwide. The agreement with the United Auto Workers, which still requires ratification from members, will add 12,000 new jobs in the company’s facilities, 5,750 more than what [...]
Posted in Car Check, Featured Tags: Alingod, Auto, development, domestic investments, entry level wages, fleming ford, ford plants, Gov, Investment, jay nixon, john fleming, Kris, labor affairs, manufacturing, missouri gov, news, president, salary workers, State, uaw members, union, united auto workers, Vice Comments OffHonda recalls million cars worldwide
admin Jupiter Kalambakal – AHN News Reporter Tokyo, Japan (AHN) – Japanese automaker Honda Motor Co. is set to voluntarily recall close to a million car models to repair troubles with power windows and computer equipment. The global recall will be done in two categories. Some 936,000 units of the Fit subcompact, CR-V crossover and Fit [...]
GM, LG team up to create future electric vehicles
admin Jupiter Kalambakal – AHN News Reporter Detroit, MI, United States (AHN) – U.S. automaker General Motors Co. and top Korean battery manufacturer LG Corp. have entered into a partnership to design and create future electric vehicles. The strategic partnership came after LG supplied GM the lithium-ion batteries for its Chevrolet Volt and Opel Ampera. Many [...]
Posted in Car Check Tags: AHN, alliance, ampera, auto maker, automaker, battery manufacturer, chevrolet volt, collaboration, deal, electric vehicles, engineering, General, initial venture, Jupiter, lithium ion batteries, news, news reporter, Opel, result, strategic partnership, tie-up, vehicle, View Comments OffGM earnings soar 92 percent on global sales
admin Linda Young – AHN News Writer Detroit, MI, United States (AHN) – General Motors saw its second quarter earnings surge by 92 percent compared to the same period a year earlier. It earned $2.5 billion compared to the $1.3 billion GM earned a year earlier. The nation’s No. 1 automaker had revenue of $39.4 billion, [...]
Posted in Car Check Tags: 1 automaker, AHN, automaker, bailout, fortune 500, General, general motors, global sales, Linda, linda young, million vehicles, Money, news, news writer, percent, revenue, s sales, second quarter earnings, share, time, View, worldwide, year Comments Off
