Chrysler Posts 4Q Operating Profit
Chrysler Group has posted an operating profit of $198 million for the fourth quarter and $763 or all of 2010, signaling both the company's successful recovery from bankruptcy and the overall recovery of the American auto industry.
Ford Posts Best Annual Income Figures Since 1999
On Friday, January 28, 2011 Ford Motor Co. posted its best annual income report in more than a decade, but forecasters were still disappointed by the numbers, which were the highest since 1999.
New Toyota Recall Involves Lexus Models
On Wednesday, January 26, 2011, Toyota announced the recall of 1.5 million vehicles around the world for issues that potentially cause fuel leaks. In the United States, the recall will primarily effect Lexus drivers.
Insiders Say GM to Double Volt Production by 2012
According to a report by Bloomberg citing "people familiar with the matter," General Motors will double the 2012 production of the Chevrolet Volt to 120,000 as the company works to increase sales of the revolutionary plug-in hybrid.
January Sales Look Good for the Coming Year
According to predictions by J.D. Power and Associates, auto sales are on track for January to exceed those from a year ago with retail sales overcoming the slight dip in fleet demand.
Side Impact Test Ratings Prove Meaningful in Comparison
In comparison testing, the Insurance Institute for Highway Safety found that drivers of vehicles rated "good" by the National Highway Traffic Safety Administration for driver's-side crashes were 70% less likely to die in an accident than those in vehicles with a designation of "poor.".
New Dodge Viper to Debut for 2013 Model Year
Chrysler Group LLC is taking aim at the competition with the new Dodge Viper, specifically conceptualized to go head-to-head with the Porsche SE line and the General Motors Corvette.
Chevrolet Volt Takes Car of the Year Honors
On Monday, January 10, 2011 the Chevrolet Volt, a plug-in electric hybrid, was named North American Car of the Year at the North American International Auto Show in Detroit, beating out the Nissan Leaf and the Hyundai Sonata for the honor.
Sales, Offerings of Diesel Cars Surge in the U.S.
According to a report by Bloomberg, both Audi and Mercedes-Benz plan to double their offering of diesel models in the United States as the technology shakes off its stereotypical image as loud and smelly.
Ford's Plans Center on Hybrid, EV Expansion by 2020
Speaking at the International Consumer Electronics Show in Las Vegas, Derrick Kuzak, Ford's group vice president of global product development, predicted that within a decade, 25 percent of the carmaker's sales could be in hybrids and electric vehicles.
North American Auto Show Set to Showcase Designs
The North American International Auto show opens next week, and while fuel-efficient powertrains will be evident everywhere, there's no doubt that even in the age of high mileage numbers and growing environmental concerns, design sells cars.