May 2, 2013
- Ford, GM, Chrysler report slimmer global profits in the first quarter of 2013
- As the last of the Detroit automakers to check in with its first-quarter earnings in 2013, General Motors has announced that it saw a net income of $0.9 billion, which, according to Automotive News, is rounded up from $865 million, to go with Q1 revenue of $36.9 billion and a pre-tax profit of $1.8 billion. These numbers are all slightly lower than Q1 2012 in which GM posted a $1 billion net income, $37.8 billion in revenue and a pre-tax profit of $2.2 billion. In North America, GM's pre-tax...
- Are you ready for the idea of a $40,000 Kia? You better be, because the 2014 Kia Cadenza full-size sedan arrives this summer to take on the new Chevrolet Impala, Toyota Avalon, and Ford Taurus with a dash of style, and luxury that won't break the bank. The Cadenza is closely related to the Hyundai Azera, but from looking it at you wouldn't be able...
- In what can only be described as a growing trend, another automaker finds itself in trouble for an ad that critics are calling offensive. A new television and internet ad for the Chevrolet Trax subcompact crossover is under fire for its soundtrack, which a Chinese newspaper has labeled "racist." The commercial blends the not-sold-in-the-US vehicle with a Flapper-era backdrop and soundtrack, and it's the latter that has General Motors spokeswoman Ryndee Carney issuing an on-the-record apology...
- Reporting by Canada's National Post indicates that the explosion was described by Magna as a "minor arc flash explosion," on the manufacturing line, and notes that there was no fire as a result of it. All of the Dortec plant's 200 employees were evacuated after the event. A full investigation into the blast is still ongoing, but so far no structural damage to the facility has been reported. Magna International is a major automotive supplier, with BMW, Chrysler, Ford, General Motors, Toyota and...
- After taking the gold for several months, the Nissan Versa settled for silver in April, as the Chevrolet Sonic caught it sleeping and beat it by about 1000 units, with a total 8151 subcompacts sold. In third place was the Ford Fiesta, which wasn’t too far behind the Versa, with 6080 cars sold. The Hyundai [...]
- Automakers may profit the most from selling compact sedans and crossovers, but sports cars are what get people into showrooms and into the Camcords. So how did your favorite sports and sporty cars with starting prices around or under $100,000 sell in April? Not so hot, with sales for the Chevrolet Camaro, and Ford Mustang [...]
- General Motors Co., Ford Motor Co. and Chrysler Group LLC combined for about 591,400 vehicles sold in April, including about 144,000 full-size pickups.
- For almost two years, General Motors has been trying to get its house in order in its European operations. Ford's turnaround effort there is much more recent. But both companies share an uncomfortable reality: the uphill battle in a wildly uncertain market.
- Ram sizzles, industry's sales pace cools; GM nets $865M, takes historic step; Ford to hire 2,000 in Mo.; Ford's 'sideways' tech..
- Pros and Cons* When it comes to exterior styling, the 2013 i-MiEV has most people agreeing to disagree...opinions on this matter range from 'cute' to 'cart'. It's a zero-emission vehicle, as are the other all-electric vehicles in the market, and can comfortably accommodate four passengers, luggage and all, despite its diminutive stature. Price The base price ranges from $33,998 (ES) to $35,498 (SE) before government rebates, which makes the i-MiEV the most affordable EV on the Canadian...
- This is the list of America’s best-selling car in the month of April and in the first four months of the year, as compiled by Reuters. Top 20 selling vehicles in U.S. in April RANK VEHICLE APRIL LAST YR % CHNG 1 Ford F-Series P/U 59,030 47,453 24.40% 2 Chevy Silverado-C/K P/U 39,395 30,749 28.10% [...]
- Rising demand for Detroit 3 pickups helped lift U.S. auto sales 9 percent last month, while surprising declines at Toyota and Volkswagen took some steam out of the market's recovery. The seasonally adjusted annual sales rate came in at 14.
- General Motors Co., Ford Motor Co. and Chrysler Group LLC have their ups and downs on Wall Street, as evidenced by today's trading. But on Main Street, business is looking up for the Detroit auto makers. The clearest sign of that is booming sales of large pickup trucks.
May 1, 2013
- The Detroit Three automakers continued to gain U.S. market share in 2013, according to April auto sales figures, partly due to their strength in pickups, but also thanks to new models from Ford, Lincoln, Cadillac and Buick.