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 [...]
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VW, Chrysler see profits jump while Fiat posts losses
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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 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 OffGM enters electric car joint venture with Chinese automaker
admin Vittorio Hernandez – AHN News Detroit, MI, United States (AHN) – General Motors announced on Tuesday that it has entered into a joint venture with a Chinese automaker to develop electric cars. The deal also involves transfer of battery and other electric vehicle technology. The 50-50 joint venture is between GM and Shanghai Automotive Industry [...]
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