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 [...] Continue Reading…
GM earnings soar 92 percent on global sales
August 9th, 2011 
davidguide Volkswagen postpones MAN supervisory board takeover
July 12th, 2011 davidguide Kris Alingod – AHN News Contributor
Wolfsburg, Germany (AHN) – Volkswagen on Monday postponed its appointment of executives to truckmaker MAN’s supervisory board following advise from the European Union. The Wolfsburg-based company said it is in “constructive discussions” with the EU Commission after the panel said the appointments should be made after anti-trust clearance of the merger with MAN. VW held off nominating chief executive Martin Winterkorn, chief financial officer Hans Dieter Poetsch, and the automaker’s chief for commercial vehicles, Jochem Heizmann, to MAN’s supervisory board. Instead, the company named executives Ulf Berkenhagen and Thomas Kremer, who are current members of the board, consistent with VW’s 29.9 percent share in MAN. A third executive, Matthias Bruse, was also appointed as placeholder. VW said it will “continue to prepare the merger control application in close cooperation with the authority.” The company, which originally planned its mandatory offer [...] Continue Reading…
Toyota Issues Minor Recall Effecting 1.13 Million Vehicles
June 22nd, 2011 davidguide Matthew Borghese – AHN News Contributor
Tokyo, Japan (AHN) – Japanese carmaker Toyota is issuing a voluntary recall for more than a million Corolla and Corolla Matrix automobiles in the United States. The recall effects 1.13 million 2005-2008 Corolla and Matrix vehicles. According to Toyota safety engineers, a faulty electronics module could fail, causing harsh shifting or engine start failures. “This recall is an example of our commitment to standing by our products and being responsive to our customers,” Toyota chief quality officer for North America Steve St. Angelo explained. “Our goal is to help ensure that Toyota drivers are completely confident in the safety and reliability of their vehicles.”
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Virgin Atlantic pilots vote to strike over lack of pay increase
June 22nd, 2011 davidguide Virgin Atlantic pilots have voted to strike against the airline, marking the first time pilots with that airline have taken such action.
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Angola’s `sans papiers’ violently deported in new wave of expulsions
June 17th, 2011 davidguide “I have been left without anything – I don’t even have anywhere to go now.” Thirty-year-old Mwamba Kashane, one of the thousands of Congolese to be expelled from Angola in the past month, recounts his ordeal from Kamako, a town close to the Angolan border in the province of Kasai Occidental.
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Things to Remember While Buying Used Car
June 17th, 2011 davidguide After deciding and before buying a used car, let us remember some useful tips of purchasing a second hand four wheeler. If you are really interested to buy a used car that means you are keen to spend money in a thing which for has no guarantee. You are purchasing it on your own risk. For example, if you are buying a pre-owned car then you need to complete its inspection but despite the inspection there is no surety that what kind of performance it would give you after a couple of days. The main aim of the dealer is to get rid of his second hand car and the motive of the buyer is to get the best deal as better as he can. It doesn’t matter how much knowledge about car you have and how deeply you have inspected the parts of the car. It all about [...] Continue Reading…
Japanese Car Exporter The Preferred Online Solution For Cars
June 16th, 2011 davidguide Japanese car exporter is one of the widely used automobile services in the world. There are different types of cars available for sale which can be purchased according to requirements. Various car brands are available which have specific segment of purchase. Selection can be done according to speed, luxury and comfort. These are the three utmost factors that should be considered before making the purchase. Apart from selecting those three segments there is one more in the list which needs to be known. Fuel economy is the right word which can be used to denote the working of a high maintained car. Purchasing a car is not easy; therefore it is a must to check for fuel economy. Online purchase gives the user advance buying options. Subscribing for an auto loans is possible since there are loads of companies which are ready to provide finance options. Before subscribing for [...] Continue Reading…
Outlander Sport shows Mitsubishi is driven to compete
June 16th, 2011 davidguide The value-priced five-seat crossover mixes fun driving in comfort with eco-friendly attributes. The Outlander family now accounts for a third of the company’s sales. The relative rarity of Mitsubishi cars these days confirms the company’s status as an underdog automaker. Mitsubishi ranks sixth out of the seven Japanese manufacturers in U.S. sales, just ahead of Suzuki.
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Sell Your Car Nyc Offers Great Deals to Used Car Buyers
June 15th, 2011 davidguide If you have some technical knowledge about cars then buying a second hand car can be easy for you but in case if you lack the knowledge you might end up buying something that you never wanted. Therefore to play safe a lot of used car buyers approach used car dealers to buy a second hand car. Buying through dealers like sell your car NYC is the wisest option because you enjoy certain benefits. The name of the game in used cars is reliability. Used car dealers have the requisite experience in selling used cars and they do it everyday. Buying through a dealer ensures that you will get a reliable deal and reliability counts a lot in the used car market. An individual has to register his/her name with the dealer if he/she plans to sell his/her second hand car through the dealer. This minimizes the chances of [...] Continue Reading…
Used & New Cars
June 14th, 2011 davidguide Cheap used cars are excellent choice for those customers who can’t afford to buy new ones. There are lots of vehicles available for sale in the market for affordable price tag. These cheap used cars are designed and assembled to provide you with the opportunity to get the vehicles for affordable prices. However there are lots of models in the market such as Nissan 300ZX that had maintained good reputation by providing customers with good fuel economy. It is powered by twin-turbo V6 engine that belts out 300 horsepower and is equipped with independent four-wheel suspension and Super HICAS two-wheel steering for sportscar aficionados. Its powerful superfast engine and high speed makes it go from 0 to 60 miles per hour in the time range of five seconds flat. Overall it is an exceptional package for car enthusiasts. There are several other models called Toyota Hiace which is sensible [...] Continue Reading…