Posts Tagged ‘United States’

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 year earlier.

For the full year, the struggling automaker on the way to a dramatic turnaround, reported net income of $183 million, compared with a $652 million loss in 2010. Annual revenue for 2011 rose 31 percent to $55 billion.

Giving gas to the turnaround was surging sales of its Chrysler, Jeep and Dodge vehicles. Worldwide sales of its cars and trucks increased 22 percent to 1.85 million vehicles in 2011.

Even better and more encouraging was that Chrysler guided higher for 2012, a move that suggests its turnaround has wheels.

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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 vehicles now include certain 2001 and 2002 Accord, 2001 to 2003 Civic, 2001 to 2003 Odyssey, 2002 and 2003 CR-V, 2003 Pilot, 2002 and 2003 Acura 3.2 TL and 2003 Acura 3.2 CL models, Honda officials said in a statement.

Honda first said the driver’s airbag inflator needed to be replaced because it had a risk of deploying with too much pressure and could rupture, which might result in injuries or death.

The company will begin sending out official notices to owners. However, owners can find more information online and also take an affected vehicle to their dealer for inspection and repairs.

“When Honda identifies concerns of this nature, nothing is more important to the company than fulfilling our obligation and responsibility to alert our customers,” Honda officials said in a statement posted on the company website. “To this end, in addition to contacting customers by mail, in late December, owners of these vehicles will be able to determine if their vehicles require repair by going on-line or calling. Honda owners can go to www.recalls.honda.com or call (800) 999-1009 and select option 4; Acura owners can go to www.recalls.acura.com or call (800) 382-2238 and select option 4.”

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Ford, United Auto Workers reach tentative contract

October 7th, 2011 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 Ford previously committed to the union.

The additional jobs includes positions in China, Japan and Mexico that Ford will bring back into the United States.

The UAW was also able to raise entry-level wages to $19.28 over the term of the contract, which will end in 2015. In addition, the union won a $6,000 settlement bonus for workers with a year or more of seniority, and $5,000 for those with less than a year.

John Fleming, Ford’s executive vice president for global manufacturing and labor affairs, said in a statement the tentative contract is “fair to employees” and “improves [the company's] competitiveness in the U.S.”

“UAW members sacrificed when the company was struggling, and this agreement ensures that our members will now share in Ford’s prosperity,” said union vice president Jimmy Settles.

Ford pledged $16 billion in total domestic investments, $6.2 billion of which will be used to produce upgraded vehicles and components in plants nationwide by 2015.

The investment also includes $1.1 billion in Kansas City, which Missouri Gov. Jay Nixon called a “historic development for next-generation manufacturing in the state.”

Dearborn-based Ford, the only American automaker not to receive a government bailout, was the second of Detroit’s Big Three to reach an agreement with the United Auto Workers.

General Motors ended negotiations with the union mid-September. The union ratified the contract that resulted in those talks by a 2:1 ratio.

The union, which represents more than 41,000 hourly and salary workers at 27 domestic Ford plants, now turns its focus to Chrysler, which Fiat acquired last year as part of the carmaker’s government-sponsored reorganization.

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GM enters electric car joint venture with Chinese automaker

September 22nd, 2011 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 Corp., the largest vehicle manufacturing company in China. The combined firm, Pan Asia Technical Automotive Center, is based in Shanghai and has already helped develop the Buick LaCrosse eAssist model now being sold in both countries.

China is a growing market for new cars because of the rapid pace of the country’s economy, which provides the Chinese people with money to purchase vehicles. The Chinese government is encouraging the entry of electric cars and other vehicles run on new energy and even offers national and municipal subsidies of up to $19,300 a unit.

To further give electric cars a boost, Beijing is exerting pressure on foreign carmakers to bring their electric car technology to China through joint ventures. However, GM Vice Chairman Stephen Girsky said its joint venture was not linked with the Beijing government initiative.

The joint venture can also been seen as a move by GM to lower production costs by having some of the vehicles manufactured in China where there is abundant and cheap manpower.

To further curb costs, GM entered into a four-year labor agreement this week with the United Auto Workers union to encourage the highest-paid hourly workers to retire so the carmaker could employ new workers at lower wages.

The buyout packages of up to $75,000 would be offered by GM to about 10,000 skilled-traded workers. GM would also pay other workers eligible to retire $10,000 if they would stop working in the next two years. GM then would replace them with new hires at the rate of less than $16 an hour.

GM is expected to save $30 an hour for every skilled-trade worker replaced with a lower-paid employee or up to $57,000 yearly per worker, according to the Center for Automotive Research.

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Honda recalls million cars worldwide

September 7th, 2011 admin
Jupiter Kalambakal – AHN News Reporter

Tokyo, Japan (AHN) – Japanese automaker Honda Motor Co. is set to voluntarily recall close to a million car models to repair troubles with power windows and computer equipment.

The global recall will be done in two categories. Some 936,000 units of the Fit subcompact, CR-V crossover and Fit Aria in North America, Asia, Europe and Africa are part of the first category. The Fit is called Jazz in some overseas markets, while the Fit Aria is also known as City.

The second category, meanwhile, will involve 26,000 CR-Z compact hybrid models in Japan, the United States, Canada and other markets.

Both overseas recalls will cost the Japanese carmaker $16.8 million.

In a statement, Honda said the recalls are necessary to fix programming problems with the engine control unit, as well as in the driver’s-side power window switch units, which the carmaker said could potentially melt and catch fire.

Honda Motor Co. is Japan’s third-biggest car maker by volume.

The company had recalled more than 2.3 million vehicles in early August, citing problems with automatic transmissions.

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General Motors to manufacture plug-in Cadillac ELR plug-in hybrid electric car

August 23rd, 2011 admin
Vittorio Hernandez – AHN News

Detroit, MI, United States (AHN) – General Motors announced on Wednesday that it will manufacture a plug-in hybrid Cadillac. The new environment-friendly model would use technology similar to GM’s Chevrolet Volt, which the company rolled out in 2010.

Reports said that the ELR’s tag price would be lower than Tesla Motor’s Model S’s $57,400. GM’s 2012 Volt has a $39,995 price tag, which includes shipping.

The model would run 25 miles or more between recharges, but would also have a backup gas motor for longer travels.

It will feature a T-shaped lithium ion battery, electric motors and four-cylinder engine generator.

Ed Welburn, GM design chief, said the plug-in Cadillac will have the name ELR, which indicates the vehicle’s electric propulsion technology and to keep with the brand’s three-letter international model naming convention.

GM did not provide more details on the price and roll out date of the ELR, but said it would be manufactured in the same Detroit facility where the automaker will produce 16,000 Volts this year and another 60,000 next year.

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GM earnings soar 92 percent on global sales

August 8th, 2011 admin
Linda Young – AHN News Writer

Detroit, MI, United States (AHN) – General Motors saw its second quarter earnings surge by 92 percent compared to the same period a year earlier.

It earned $2.5 billion compared to the $1.3 billion GM earned a year earlier.

The nation’s No. 1 automaker had revenue of $39.4 billion, up by 19 percent on improved average pricing and numbers of vehicles sold.

Only two years out of a federal bailout, most of GM’s growth came from U.S. sales, which increased by 11 percent to 669,000 vehicles sold while company-wide growth increased by 7 percent overall to 2.3 million vehicles sold worldwide.

For the first time in years, GM made money in each of its four regions.

GM (GM, Fortune 500) posted a profit of $2.5 billion, or $1.54 per share, compared with $1.3 billion, or 85 cents per share a year earlier.

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Volvo recalls S60 due to fuel pump issue

June 9th, 2011 admin
Kris Alingod – AHN News Contributor

Washington, D.C., United States (AHN) – Volvo is voluntarily recalling its new S60 because of a problem with the fuel pump.

According to the National Highway Traffic Safety Administration, more than 7,500 units of the 2012 model are affected in the recall.

The software used to control the fuel delivery system may be incompatible with some components. This could cause the engine to stall or hesitate despite a quarter tank of fuel, which in turn may lead to a crash.

The recall begins on June 17. Only vehicles manufactured from Nov. 18, 2010 through May 5 are included. Customers will receive a free software update at authorized dealers.

The S60 is the Swedish automaker’s latest offering in its line of compact executive sedans. a that retails

Its five-cylinder, 2.5-liter engine retails for $30,975, while a six-cylinder, 3-liter all-wheel drive model sells for more than $42,000.

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Classic Old Cars

June 7th, 2011 admin

The olden classics of yesteryears have always attracted attention from the car fanatics whether it is vintage, antique or limited edition models. With broader and more modernized times like these, it is difficult to find someone driving limited edition models on the roads. The Internet mega resource has provided easy search options where you can find thousands of cheap old classic cars for sale online without ever getting out of your home. There are varied classic car communities online providing information on latest updates on antique car sales, offers on older cars, older engines, accessories, etc.

The online car community had varied categories to search in classic car, street rods, classic trucks and various other cars parts and accessories. Thousands of cars are transacted each day through online website portals that do not charge you any transaction fees. The customized search options stated on the websites helps you to browse or search your cars according to the makes, models and year of the car you might be looking for. You can sell and buy unlimited number of cars, browse through its various categories that would help you to get your choices, the categories include classic trucks, muscle cars, street rods, antique models, customized old cars, cheap old classic cars for sale and varied other categories. There are various states across the United States that offer various events happening through out the year where you can showcase your old antique car model or buy cheap old classic cars for sale. The top 10 popular car events takes place in the states of Ohio, California, Indiana, Missouri, Texas, Illinois, Michigan, Washington, Massachusetts and Pennsylvania. These are the places where millions of people gather each year to showcase their antique cars, some for sales, some for purchases.

The research library over the Internet states that the best and widely popular antique models traded online includes 1966 Chevrolet Caprice, 1966 Chrysler New Yorker, 1960 Plymouth fury and 1964 Chevrolet Nova. There are some of the best and most wanted high profile events happening in different states of United States that offers the best classical car buying and selling offers. The inventory provides detailed information where you can search the best-suited cars you had always been looking for; the online treasures are just unlimited you have to just keep searching for the right opportunity and time for it to arrive. Some antique cars automotive portals also helps you sell your classic car by bargaining with other car of your choice. Get rolling today in your new-old antique classical cars.

About Author
Elena Fysh, a graduate from Boston University. Elena is a full time author and internet marketer living in Horseheads. For more info, please visit here Cheap Old Classic Cars for sale and Cheap Cars For Sale or Used Cars For Sale by Owner
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Natural Gas-Powered Honda Civic Coming Soon

May 7th, 2011 admin

Japanese automobile-giant Honda Motor Co. said it will start selling the natural-gas-powered Honda Civic GX nationwide in the United States this fall, Nikkei reports.

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