Archive for July, 2009
Consumers taking part in the U.S. government’s “Cash for Clunkers” program have aimed more for smaller, more fuel-efficient vehicles than larger trucks, Ford Motor Co.’s sales analyst said on Friday.
Tags: Consumers, Ford, Ford Motor, Ford Motor Co., Ford Part, Fuel Economy, Fuel Efficient Vehicles, More Fuel Efficient Vehicles, S Sales, Trucks Ford, U.S. government, United States
Supercar manufacturer Automobili Lamborghini posted a narrow 5.4 million euro ($7.7 million) profit for the first half of 2009, attributing its decline to a 37 percent drop in worldwide vehicle deliveries.
Tags: Automobili Lamborghini, Decline, Deliveries, Lamborghini, Profits
It turns out dealers will have to pay taxes on the thousands of dollars in rebates they receive under the federal cash-for-clunkers program, according to an IRS advisory bulletin issued today.
Tags: Advisory Bulletin, Irs, Rebates, Taxable Gross Income, Taxable Income, Thousands Of Dollars
The pension plan covering 10,770 employees of bankrupt auto supplier Metaldyne Corp. has been taken over by the federal government’s Pension Benefit Guaranty Corp., the company said today.
Tags: Auto Supplier, bankrupt auto supplier, Federal Government, Feds, Metaldyne, Metaldyne Corp, Pension Benefit Guaranty, Pension Benefit Guaranty Corp, Pension Plan, Pensions
Honda Motor Co. said on Friday that it is recalling another 440,000 vehicles — including some of its best-selling Accord and Civic models — for a potentially lethal airbag defect.
Tags: Accord, airbag risk Honda Motor Co., Cars Honda, Civic, Honda, Honda Cars, Honda Motor, Honda Motor Co., Honda Recalls, Models, Risk
The National Automobile Dealers Association today cautioned members that they face risks if they go ahead with cash for clunkers deals before federal funding has been assured.
Tags: Automobile Association, Automobile Dealers Association, Feds, Nada, National Automobile Dealers, National Automobile Dealers Association, Reassurance
Chrysler Financial said today it has adequate funds to continue as an independent finance company writing standard retail auto loans. The company is not pursuing a multibillion dollar funding arrangement that was up for annual renewal in August.
Tags: Adequate Funds, Auto Loans, Chrysler, Chrysler Financial, finance company writing, Independent Finance Company, Multibillion Dollar, Retail Auto, retail auto loans
Brian Godfrey, general manager of Pat Milliken Ford in suburban Detroit, is glad he had plenty of vehicles in stock, especially Ford Fusions, Focuses and Escapes.
Tags: Brian Godfrey, Detroit, Ford, Ford Dealer, Ford Fusions, Inventories, Pat Ford, Pat Milliken Ford, Stock, Suburban Detroit
The House passed legislation to inject $2 billion into cash for clunkers after the administration reported that the $1 billion federal program was running out of money shortly after it began.
Tags: 1 Billion, Federal Program, Legislation, Money, Senate, USD
A bill to provide the depleted cash-for-clunkers program with another $2 billion was introduced on the House floor today by House Appropriations Committee Chairman David Obey, D-Wis., a spokesman for the congressman said.
Tags: Chairman David, Congressman, David Obey, House Appropriations Committee, House Appropriations Committee Chairman, Spokesman, USD, Wis
U.S. auto dealers today were grappling with the blessings and curses of the U.S. government’s Car Allowance Rebate System, or CARS, program, better known as cash-for-clunkers.
Tags: Auto Dealers, Blessings And Curses, Car Allowance, Cars, Rebate System, U S Auto, U.S. government, United States
AutoNation Inc., the largest U.S. dealership group, posted its third-straight quarterly profit while forecasting an improving U.S. vehicle market after slashing inventory costs and seeing a sharp rise in July sales.
Tags: AutoNation, Autonation Inc, Dealership Group, Improving Market, Inventory Costs, Quarterly Profit, United States
Confusion reigned throughout U.S. auto showrooms today as dealers canceled cash-for-clunkers ads, but then restarted program sales once they received government assurance the program would be honored through the weekend.
Tags: Ads, Confusion, Showrooms, U S Auto, United States
Cash-for-guzzler ads were canceled, showroom sales were halted and strategies were put on hold amid conflicting reports about the status of the incentive.
Tags: Ads, Conflicting Reports, Sales Strategies, Showroom Sales
Cash-for-guzzler ads were canceled, showroom sales were halted and strategies were put on hold amid conflicting reports about the status of the incentive.
Tags: Ads, Conflicting Reports, Sales Strategies, Showroom Sales
Cash-for-guzzler ads were canceled, showroom sales were halted and strategies were put on hold amid conflicting reports about the status of the incentive.
Tags: Ads, Conflicting Reports, Sales Strategies, Showroom Sales
Eyeing a better price, Ford Motor Co. is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company. Ford will wait for General Motors Co.
Tags: Car Unit, Ford, Ford Motor, Ford Motor Co., General Motors, General Motors Co., Price Ford, the Wall Street Journal, Volvo, Volvo Car, Wall Street, Wall Street Journal
Eyeing a better price, Ford Motor Co. is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company. Ford will wait for General Motors Co.
Tags: Car Unit, Ford, Ford Motor, Ford Motor Co., General Motors, General Motors Co., Price Ford, the Wall Street Journal, Volvo, Volvo Car, Wall Street, Wall Street Journal
Incentive-fueled demand for new vehicles could boost July U.S. light-vehicle sales above rates already forecast to be the highest levels so far this year, an influential analyst said late Thursday.
Tags: Light Vehicle Sales, New Vehicles, Sales Forecast, Sales Incentive
Lithia Motors Inc. posted $3.7 million in net income on revenue of $401.8 million in the second quarter of 2009, giving the Medford, Ore.-based auto retailer two consecutive quarters in the black. Lithia reported a $243.
Tags: Auto Retailer, Consecutive Quarters, Dealer Group, Lithia, Lithia Motors, Lithia Motors Inc, Medford, Net Income, Oregon, Quarterly Profit, Second Quarter, USD
Continental AG won a vote to repair its finances but will likely lose its second CEO in less than a year amid a bitter power struggle with German ball-bearings maker Schaeffler.
Tags: Ball Bearings, Bitter Power Struggle, Ceo, Conti, Continental, Continental Ag, Neumann, Power Ball, Schaeffler, Vote
Toyota Motor Corp.’s loss for this business year will likely be several tens of billions of yen less than originally forecast by the automaker thanks to strong sales of hybrid cars, Japanese public broadcaster NHK reported.
Tags: Billions, Hybrid Cars, Hybrids, NHK, Public Broadcaster, Strong Sales, Tens, Toyota, Toyota Motor, Toyota Motor Corp, Yen
The federal cash-for-guzzlers program continues to operate this morning despite dealer reports that it was to be suspended at midnight last night because it was approaching its $1 billion limit.
Tags: 1 Billion, Federal Cash, USD, White House
Incentive-fueled demand for new vehicles could boost July U.S. light-vehicle sales above rates already forecast to be the highest levels so far this year, an influential analyst said late Thursday.
Tags: Forecaster, Light Vehicle Sales, New Vehicles, Sales Rate
| 0.75 | |||
| Ford Motor Compan | 12.80 | ||
| Daimler Ag Common | 44.60 | ||
| Toyota Motor Corp | 76.67 | ||
| Honda Motor Compa | 36.01 |