Monthly Archives: June 2011

Nissan CEO Ghosn Paid $11.5 Million as Company Posted Record Sales

Posted on June 30, 2011 by ecl-admin

Addressing the annual shareholder meeting in Tokyo on Wednesday, Nissan Motor Company CEO Carlos Ghosn revealed that his compensation for the last fiscal year totaled 982 million yen ($11.46 million). That compensation included salary and stock options in Nissan. According … Continue reading →

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North American Tire Makers Scrambling to Meet Demand

Posted on June 29, 2011 by ecl-admin

Recent tire plant closings and increased demand for low volume specialty tires have created a shortage of tires for North American automakers. As supplies have dwindled and demand has grown, automakers have been forced to pay significantly higher prices for … Continue reading →

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New Vehicle Sales Up During First Half of Year

Posted on June 28, 2011 by ecl-admin

According to a new study by J.D. Power & Associates, retail sales of new vehicles rose during the first half of the year despite the U.S. economy’s lackluster performance. The report projects that retail new vehicle sales for this month … Continue reading →

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Chrysler to Launch New Small Dodge Model, Giving Fiat Ownership Stake

Posted on June 26, 2011 by ecl-admin

Chrysler Group LLC has announced that it will begin limited production of a new small car this year to meet the U.S. government’s requirement for Fiat S.p.A. to take a larger stake in the company. According to Chrysler’s head of … Continue reading →

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Ford Slips, Toyota Rebounds in Latest Initial Quality Survey

Posted on June 24, 2011 by ecl-admin

In a dramatic reversal of last year’s results, Ford Motor Company was rated lower than Toyota Motor Corporation in J. D. Power and Associate’s latest Initial Quality Study. Ford, which ranked fifth in overall buyer satisfaction last year, fell to … Continue reading →

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Is Time Running Out for Saab?

Posted on June 20, 2011 by

With the collapse of the deal between Spyker Cars NV and China’s Hawtai Motor two weeks ago, some in the auto industry are predicting the imminent demise of Saab. Continue reading →

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U.S. Production of Leaf AEV May be Delayed by March 11 Earthquake

Posted on June 13, 2011 by

U.S. production of the Nissan Leaf all-electric vehicle may be postponed due to the devastating March 11 Japan earthquake and tsunami according to company officials. Continue reading →

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Court Orders Ford Motor Company to Pay $2 Billion in Commercial Truck Pricing Suit

Posted on June 12, 2011 by

Commercial truck dealers who claim they were overcharged by Ford Motor Company have been awarded a $2 billion judgment by an Ohio state court. Continue reading →

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New Study Predicts No Savings, Job Losses with 62 MPG CAFE

Posted on June 11, 2011 by

According to a new study by the Center for Automotive Research, raising the average corporate fuel economy to 62 mpg, however, would push new vehicle prices to a level that would not be offset by fuel savings over five years. Continue reading →

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NHTSA May Require Limited-Production Automakers to Comply with Air Bag Safety Standards

Posted on June 10, 2011 by

It may seem counter-intuitive that some limited-production automakers including Ferrari SpA, Lamborghini SpA and Tesla Motors Incorporated could qualify for a financial-hardship exemption of any kind, but that is what has allowed these and some other automakers to equip their vehicles with air bags that fail to meet current federal safety standards for the past five years. Continue reading →

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