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 [...]
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Ford posts third consecutive annual profit
January 28th, 2012 
davidguide 
Posted in Cheap Used Cars 
Tags: AHN, automotive equipment, car, company balance sheet, Ford, ford motor, ford motor company, linda young, Maker, Motor, profit, quarterly earnings, Young 
Comments OffBad water pumps prompting recall of thousands of Mini autos
January 18th, 2012 davidguide Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – BMW is recalling 89,000 Mini brand cars in the United States over faulty water pumps that can malfunction and cause engine compartment fires. The recall comes some three months after the National Highway Traffic Safety Administration opened a defects investigation, citing 12 reports [...]
Posted in Cheap Used Cars Tags: AHN, brand cars, engine, Highway, highway traffic safety, malfunction, model, national highway traffic, national highway traffic safety administration, Series, traffic safety administration, water, water pumps Comments OffVW sells record 5.1 million cars in 2011
January 8th, 2012 davidguide Linda Young – AHN News Writer Wolfsburg, Germany (AHN) – Volkswagen AG announced it had record sales of 5.1 million cars and sport-utility vehicles worldwide in 2011. Sales were up worldwide by 13.1 percent in 2011 from 2010, company officials said. Volkswagen is Europe’s largest carmaker. Although much of its growth came from gains in [...]
Posted in Cheap Used Cars Tags: AHN, automotive equipment, linda young, million cars, News, percent, region, Rights, russia and the united states, sport utility vehicles, Volkswagen, volkswagen ag, Young Comments OffSaab files for bankruptcy after Chinese deal fails
December 29th, 2011 davidguide Matthew Borghese – AHN News Contributor Trollhattan, Sweden (AHN) – Swedish carmaker Saab is filing for bankruptcy after a deal to infuse Chinese funds fell through over technology licensing objections from American shareholders. The Chinese deal was the last hope for Saab, which has suspended work at its main factory and has failed to pay [...]
Posted in Cheap Used Cars Tags: AHN, automobile, automobile tools, bankruptcy papers, chinese investors, Court, lotus automobile, Saab, saab automobile, sweden saab, Technology, Trollhattan, work Comments OffNine months after halting production, Saab files for bankruptcy
December 19th, 2011 davidguide Diane Alter – AHN News Reporter Zeewolde, Netherlands (AHN) – Cash strapped car maker Saab Automotive filed for bankruptcy Monday nine months after halting production due to lack of funds. The filing follows former owner General Motors’ objections to a substantial investment from China’s Zhejang Youngman Lotus Automobile Co., that could have saved the 74-year-old [...]
Posted in Cheap Used Cars Tags: aeroplan, AHN, Automotive, car, filing bankruptcy, funding, Lack, lotus automobile, Maker, Saab, saab automobiles, spyker cars, ttan Comments OffChrysler to revive Dodge Dart as its new small car
December 9th, 2011 davidguide 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 [...]
Posted in Cheap Used Cars Tags: AHN, American, car, dodge dart, fiat spa, international auto show, north american international auto, north american international auto show, offering, Show, spa technology, Technology, vehicle Comments OffToyota adding 1,500 jobs in United Kingdom
November 29th, 2011 davidguide Linda Young – AHN News Writer Derbyshire, United Kingdom (AHN) – Toyota has announced plans to add up to 1,500 new jobs at its Burnaston factory in Derbyshire in the United Kingdom. Company officials say that Toyota will invest more than $155 million into making the factory its sole European plant for the next hatchback [...]
Posted in Cheap Used Cars Tags: AHN, automotive equipment, david cameron, economy, manufacturing, Plant, toyota vehicle, united kingdom company, vehicle, volkswagen golf, vote, vote of confidence, Young Comments OffHonda Civic natural gas car named 2012 Green Car of the Year
November 19th, 2011 davidguide Diane Alter – AHN News Reporter Los Angeles, CA, United States (AHN) – The all new 2012 Honda Civic Natural gas car was named Green Car of the Year Thursday at the Los Angeles Auto Show. The Civic, the only factory built CNG powered car produced in America, was presented with the honors by editors [...]
GM refuses to supply technology if Saab sold to Chinese
November 9th, 2011 davidguide Linda Young – AHN News Writer Detroit, MI, United States (AHN) – The sale of Saab to Chinese investors is going from a done deal to a deal undone by General Motors’ decision to stop supplying its technology to any potential buyers in China. GM’s sudden announcement puts the brakes on the sale of Saab [...]
Posted in Cheap Used Cars Tags: AHN, Announcement, auto production, automobile, chinese investors, linda young, Lotus, lotus automobile, Pang, sudden announcement, Technology, Young, youngman Comments OffChinese companies buying automaker Saab
October 30th, 2011 davidguide Linda Young – AHN News Writer Stockholm, Sweden (AHN) – Struggling automotive icon Saab will change hands again in a proposed deal to save it from bankruptcy by selling it to two Chinese companies. Swedish Automotive will sell its Saab unit to Chinese distributor Pang Da Automobile Trade and auto manufacturer Zhejiang Youngman Lotus Automobile. [...]
Posted in Cheap Used Cars Tags: AHN, auto manufacturer, automobile, Automotive, chinese automakers, economic woes, icon, linda young, lotus automobile, Pang, stockholm sweden, Trade, Young Comments Off
