Posts Tagged ‘percent’

Ford posts third consecutive annual profit

Linda Young – AHN News Writer Dearborn, MI, United States (AHN) – The Ford Motor Company reported its third consecutive full-year profit on Friday, announcing its best annual earnings since 1998. Although 2011 was the second most profitable year in the company’s 109-year history, much of that profit was a non-cash gain from a large [...]

Chrysler to revive Dodge Dart as its new small car

Diane Alter – AHN News Reporter Detroit, MI, United States (AHN) – Chrysler’s Dodge Dart has found new life as a smart car. Chrysler Group LLC said its new smart car, the first vehicle to feature Fiat SpA technology, will be called the Dodge Dart. The vehicle, currently in production, will be highlighted at the [...]

Honda halves production after Thai floods cause parts shortage

Linda Young – AHN News Writer Detroit, MI, United States (AHN) – Honda Motor Co. has announced plans to cut production by half at its factories in the United States and Canada because of flooding in Thailand that affected auto parts production there. It was the second time this year that Honda has cut production [...]

World’s oldest running car sold for $4.6 million

Diane Alter – AHN News Reporter Hershey, PA, United States (AHN) – A 127-year-old steam powered automobile, billed as the world’s oldest car that still runs, has been sold at an auction here for $4.6 million. The sale Friday by RM Auctions represents the highest price ever paid for an early automobile at auction. The [...]

Porsche merger with Volkswagon crashes

Linda Young – AHN News Writer Berlin, Germany (AHN) – A planned merger between Porsche and Volkswagen has fallen apart. The announcement caused shares of Porsche to trade by 10.95 percent lower at the close of trading on Friday while Volkswagen shares fell by 0.8 percent. Volkswagen announced late Thursday that the companies would not [...]

Saab Auto files for protection from creditors

Vittorio Hernandez – AHN News Stockholm, Sweden (AHN) – Swedish Automobile filed with the Vaenersborg District Court for bankruptcy protection on Tuesday in a bid to secure short-term stability while generating additional funding. Saab, which has been in vehicle manufacturing for 64 years, stopped production in the middle of this year after its suppliers halted [...]

Goodyear introduces self-inflating tires

Vittorio Hernandez – AHN News Akron, OH, United States (AHN) – Goodyear Tire and Rubber Company launched on Thursday a self-inflating tire. The tires have a device to keep track of its inflation and add air when necessary. Under the company’s Air Maintenance Technology, tires would always remain inflated at optimum pressure. There would be [...]

Ford posts $2.4b Q2 net income

Linda Young – AHN News Writer Dearborn, MI, United States (AHN) – American automotive company Ford made $2.4 billion in net income during the second quarter, but that was down from the $2.6 billion it earned during the same quarter a year ago. However, the company’s earnings still beat Wall Street’s expectations and Ford’s shares [...]

Volkswagon sells record 4 million cars worldwide during first half of year

Linda Young – AHN News Writer Wolfsburg, Germany (AHN) – Germany’s Volkswagen group announced record-high sales of more than 4 million vehicles during the first six months of the year. That represented a 14 percent increase from the same period a year earlier. Volkswagen experienced strong growth in Asian markets as well as North American [...]

Washington targets average 56.2 miles per gallon for new American cars by 2025

Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – The U.S. federal government is proposing new regulations that would require American vehicle manufacturers to produce cars that would have an average 56.2 miles per gallon by 2025. That would mean fuel efficiency would go up almost 5 percent yearly from 2017 to 2025. [...]

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