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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VW, Chrysler see profits jump while Fiat posts losses
May 4th, 2012 
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 Buy a Car 
Tags: Chrysler, chrysler division, fiat, fiat group, fiat spa, first quarter sales, italian carmaker, jump, losses, net profits, posts, profits 
No Comments »Audi pays $1.1b for luxury Italian motorcycle company Ducati
April 19th, 2012 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 Buy a Car Tags: $1.1b, AHN, Audi, Berlin, Bologna, bologna italy, Brad Pitt, Company, Ducati, german automaker, Germany, Italian, italian motorcycle, Italy, linda young, Luxury, motorcycle, motorcycle maker, pays, volkswagen ag No Comments »Brake light, airbag issues prompt recall of 700,000 Toyota cars
March 20th, 2012 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 Buy a Car Tags: 4wd trucks, 700000, AHN, airbag, Brake, brake light switch, brake tube, Canada, cars, CHICAGO, Issues, japanese automaker, light, Mexico, prompt, recall, spiral cable, Tacoma, Toyota, toyota motor corp, U.S., United States No Comments »Volkswagen announces its annual profits doubled
March 5th, 2012 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 Buy a Car Tags: Announces, annual, doubled, frankfurt germany, large cars, largest carmaker, linda young, million vehicles, profits, Volkswagen, volkswagen ag No Comments »Chrysler posts $225 million profit
February 4th, 2012 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 Buy a Car Tags: $225, AHN, automaker, bailout, Chrysler, chrysler jeep, Dodge, dramatic turnaround, Million, million vehicles, posts, Profit, Reporter Detriot, United States, worldwide sales, year No Comments »GM back on top as world’s biggest automaker
January 20th, 2012 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 Buy a Car Tags: automaker, back, Biggest, first nine months, floods in thailand, massive floods, same time period, share shares, tsunami in japan, world's No Comments »Honda widens recall for airbag problem
December 6th, 2011 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 Buy a Car Tags: Acura, acura owners, AHN, airbag, Honda, honda owners, japanese automaker, linda young, Problem, recall, select option, Torrence, torrence ca, United States, widens No Comments »GM CEO: Earnings good, but not good enough
November 21st, 2011 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 Buy a Car Tags: AHN, CEO Dan Akerson, Earnings, enough, Good, Quarter, Wednesday No Comments »Chinese companies buying automaker Saab
November 6th, 2011 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 Buy a Car Tags: AHN, auto manufacturer, automaker, Bankruptcy, Buying, China, Chinese, chinese automakers, Companies, economic woes, linda young, lotus automobile, Saab, stockholm sweden, STOCKHOLM-, Sweden, Zhejiang No Comments »