Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Warren Buffett’s Berkshire Hathaway took a new 10-million share stake in automaker General Motors in the first quarter of 2012. The Buffett investment comes as the Detroit automaker continues to rebound from bankruptcy three years ago. GM reported a first quarter [...]
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Buffett takes a stake in GM
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Comments OffVW, Chrysler see profits jump while Fiat posts losses
admin Linda Young – AHN News Writer New York, NY, United States (AHN) – The global auto market continues to recover with carmaker giants Volkswagen, Chrysler and Fiat all reporting higher profits during the first quarter of the year. VW and Chrysler also reported higher sales, while Fiat said its sales in Europe were no better [...]
Posted in Car Check Tags: chrysler division, chrysler group, division, fiat group, fiat spa, first quarter sales, global auto, group, italian carmaker, Linda, linda young, line, net profits, news, pack, percent, rise, share, share rise, stake, View, volkswagen, volkswagen ag Comments OffAudi pays $1.1b for luxury Italian motorcycle company Ducati
admin Linda Young – AHN News Writer Berlin, Germany (AHN) – German automaker Audi bought Italian motorcycle maker Ducati known for its luxury two-wheelers ridden by famous figures, including Brad Pitt. Volkswagen AG (VOW)’s Audi will buy Italian motorcycle maker Ducati Motor Holding SpAg for $1.1 billion, which includes $203 million in debt. Bologna, Italy-based Ducati [...]
Posted in Car Check Tags: AHN, berlin germany, bologna italy, german automaker, italian motorcycle company, linda young, motorcycle maker, news writer, spag, two wheelers, volkswagen ag Comments OffJaguar to build F-Type sports car in Britain
admin Linda Young – AHN News Writer Birmingham, United Kingdom (AHN) – Luxury carmaker Jaguar Land Rover announced Thursday that it would build its new Jaguar F-Type sports car in Britain. The vehicle, a two-seat convertible, is the successor to the classic Jaguar E-Type, which ended production in 1975. JLR, which is owned by India’s Tata [...]
Posted in Car Check Tags: car, Castle, castle bromwich, classic jaguar, concept, e type jaguars, E-Type, era, frankfurt auto show, gasoline engine, jaguar e type, jaguar f type, JLR, land, linda young, luxury carmaker, plant, show, successor, tata motors, vehicle, way Comments OffBrake light, airbag issues prompt recall of 700,000 Toyota cars
admin Windsor Genova – AHN News News Writer Chicago, IL, United States (AHN) – Some 700,000 Toyota sedans and pickups in Canada, Mexico and the U.S. are being recalled by the Japanese automaker to replace a faulty brake light switch and fix an airbag issue. In an announcement on Wednesday, Toyota Motor Corp. said the recall [...]
Posted in Car Check Tags: 4wd trucks, airbag, assembly, brake light switch, brake tube, Corp, cylinder models, drive, drive shaft, driver, Genova, issue, japanese automaker, news, pickup trucks, replacement, spiral cable, switch, tacomas, Toyota, toyota cars, toyota motor corp, wheel Comments OffVolkswagen announces its annual profits doubled
admin Linda Young – AHN News Writer Frankfurt, Germany (AHN) – Volkswagen AG saw its profits more than double to $21.2 billion last year compared to $9.7 billion the year before, the company reported Friday. In addition, the automaker’s operating profit soared by 58 percent to $15.1 billion, while its revenue rose by 26 percent to [...]
Posted in Car Check Tags: automaker, company officials, conducting research, development, frankfurt germany, Friday, large cars, largest carmaker, Linda, linda young, million vehicles, news, news writer, operating profit, percent, platform, revenue, Rights, View, volkswagen, volkswagen ag, year Comments OffChrysler posts $225 million profit
admin 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 [...]
Posted in Car Check Tags: automaker, bailout, Chrysler, chrysler jeep, Diane, dramatic turnaround, fourth quarter, Government, income, loss, million vehicles, move, Net income, news, news reporter, percent, quarter results, View, way, Wednesday, worldwide sales, year 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 Off
