Sign in to follow this  
Guest

Cheers and Gears Weekly Update 08/03/2012

1 post in this topic

Guest   
Guest

Latest Articles

SRT Introduces Two Special Editions For The Grand Cherokee SRT8

Uploaded by mudmonster on Yesterday, 11:38 PM

William Maley

Staff Writer - CheersandGears.com

August 3, 2012

SRT is readying two new special editions of the Grand Cherokee SRT8 for the 2013 model year.

Named Vapor and Alpine, the difference between the two is black and white. Vapor comes in back, while Alpine comes in white, a first for the Grand Cherokee SRT8.

Other than different paint jobs, the two are identical. Both come with 20-inch wheels with a black chrome finish, gloss black hood and door badging, grille surrounds and inserts, and tailgate trim.

Besides the special editions, the 2013 Grand Cherokee SRT8 also sees a price increase. The 2013 model begins at $60,920, including $925 in destination charges. That's due to SRT making the Luxury Group package standard. The package added items like leather-wrapped door and instrument panels, adaptive cruise control, and a power liftgate.

The Vapor and Alpine models start at $63,415.

William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

Press Release is on Page 2


2013 Jeep® Grand Cherokee SRT8: The Ultimate Performance SUVOffers unique blend of legendary Jeep® capability and utility, head-turning SRT performance, luxury and refinement and innovative advanced technologiesNew for 2013, bright white “Alpine” and brilliant black “Vapor” special-edition models include unique exterior features and Black Vapor Chrome finish on split 5-spoke wheelsMost powerful Jeep vehicle ever with 6.4-liter HEMI® V-8 that delivers 470 horsepower and 465 lb.-ft. of torqueBest performing Jeep vehicle ever: 0-60 mph in 4.8 seconds; quarter mile in mid-13 second range; top speed of 160 mph; 60-0 mph braking in 116 feetBest handling Jeep vehicle ever features advanced adaptive damping suspension managed by Selec-Track system, delivering up to .90 g on the skid padActive valve exhaust system allows standard Fuel Saver Technology to engage over a wider rpm range for fuel efficiency and 450-mile rangeExclusive SRT leather wrapped and heated steering wheel features mounted paddle shifters for hands on the wheel shifting both on road and at the racetrackStandard luxury content includes premium leather door trim panels, instrument panel and center console along with a power liftgate, adaptive cruise control, Forward Collision Warning and Blind-spot Monitoring19-speaker Harman Kardon audio system, with innovative GreenEdge technology, is available with 825 watts of power

Auburn Hills, Mich. , Aug 1, 2012 - The 2013 Jeep® Grand Cherokee SRT8 is the most powerful, technologically advanced, high-performance Jeep® vehicle ever –– featuring a combination of Jeep’s legendary capability and utility, merged with the renowned advanced performance engineering from Chrysler Group’s Street and Racing Technology (SRT) team.

Delivering outstanding driving performance in all conditions, and complemented by key SRT attributes – including functional, performance-oriented styling, world-class ride and handling, benchmark braking and race-inspired interior appointments – the 2013 Jeep Grand Cherokee SRT8 runs from 0-60 mph in 4.8 seconds, 0-100-0 mph in the mid-16 second range, can cover the quarter mile in the mid-13 second range, has a top speed of 160 mph, and brakes from 60-0 mph in 116 feet.

Awe-inspiring powertrain

Powering the 2013 Jeep Grand Cherokee SRT8 is the 6.4-liter HEMI® V-8 with Fuel Saver Technology that delivers 470 horsepower (351 kW) and 465 lb.-ft. (630 N•m) of torque.

An active intake manifold and high-lift camshaft with cam phasing delivers maximum low-end torque while optimizing high-end power across a wide rpm band. Specifically, 90-percent of peak torque is available between 2,800 and 6,000 rpm, allowing for inspired standing starts and improved straight-line performance.

Standard Fuel Saver Technology and an active valve exhaust system allows four-cylinder operation to engage over a wide rpm range, to deliver both fuel efficiency and an extended range of 450 miles on one tank of gas.

Standard steering wheel mounted paddle shifters join the standard Auto Stick on the floor. Both are mated to a proven automatic transmission, allowing a choice of spirited shifting on the road and the racetrack. Both methods give the driver the ability to shift while the transmission controller calibration prevents situations that might over rev the engine. Fully adaptive electronic control of all shifting makes the powertrain more responsive while minimizing harshness.

Outstanding ride, handling and capability

In 2011, all Jeep Grand Cherokee models received a vastly improved and refined on-road ride thanks in part to the vehicle’s new body structure. Torsional stiffness was improved 146 percent versus the previous generation model, for improved ride, durability and reduced noise, vibration and harshness. The improvements were achieved with more than 5,400 welds in the body alone, marking a 53-percent increase in spot welds, a 42-percent increase in arc welds and a 38-percent increase in structural adhesive.

The 2013 Grand Cherokee SRT8 is the best handling Jeep vehicle ever – capable of .90 g on the skid pad – features a SRT-tuned, adaptive damping suspension managed by the Jeep Selec-Track system that interacts with several different systems (stability control, adaptive damping, transmission shift strategy, transfer case torque proportioning, Electronic Limited Slip Differential performance, throttle control and cylinder de-activation) to automatically tune the dynamics of the vehicle. Drivers can manually choose between five dynamic modes for specific driving conditions:Auto: provides the most compliant ride and automatically adapts to any road situation using the adaptive suspension tuningSport: provides enhanced body control for a sporty, fun-to-drive ride for the streetTow: provides a safe reduction in pitch and bounce for enhanced towing capabilityTrack: provides the high-performance, firm, “track-tuned” suspension option to lock down body motion for the ultimate handling experienceSnow: provides the most conservative dynamic mode, so the vehicle will safely stayin-line in inclement winter weather conditions

The standard Jeep Quadra-Trac SRT active on-demand four-wheel-drive transfer case uses input from a variety of sensors in order to determine tire slip at the earliest possible moment and take corrective action. The system uses Throttle Anticipate to sense quick movement in the throttle from a stop and maximizes traction before slippage occurs. When tire slippage is detected, the Jeep 4x4 system can transfer up to 100 percent of available torque to one rear wheel.

The transfer case also enhances handling by proportioning torque between the front and rear axles to maintain the driver’s intended path. The Grand Cherokee SRT8 also features an Electronic Limited Slip Differential, which eliminates rear wheel slip and improves handling.

The performance-tuned, fully hydraulic steering system uses a heavy-duty pump and pump cooler. Revised gearing gives drivers more direct feel and on-center response.

Split 5-spoke, 20-inch forged aluminum wheels ride on P295/45ZR20 Pirelli Scorpion Verde All Season run-flat tires or available Pirelli P Zero Three-season.

Rounding out the capability of the 2013 Jeep Grand Cherokee SRT8 is a trailer tow rating of 5,000 lbs.

Benchmark braking

Chrysler Group’s SRT vehicles are well known for their world-class braking. Stopping power for the 2013 Grand Cherokee SRT8 comes courtesy of SRT high-performance Brembo brakes with four-wheel anti-lock brake system (ABS).

Stopping distance performance of 116 feet from 60-0 mph is made possible by red-painted, Brembo 6-piston (front) and 4-piston (rear) calipers, and vented rotors at all four corners measuring 15-inches (front) and 13.8-inches (rear).

Aggressive and functional exterior

The functional performance exterior of the 2013 Grand Cherokee SRT8 features the “planted” look of a high-performance sports car by being lowered 1 inch and adding SRT-exclusive, body-color wheel flares and side sill cladding.

A one-piece front fascia contains LED multi-function daytime running lamps that result in an exclusive face for the Jeep Grand Cherokee SRT8, while a body-colored front grille with a unique black screen background and chrome bezel inserts add to the aggressive look.

The integrated lower front grille is painted in gloss black and a underbody belly pan features integrated brake ducting to improve cooling and fade performance. Completing the front end is a sculpted hood with functional dual black heat extractors for added engine cooling.

At the rear, the SRT performance influence continues with a liftgate spoiler that reduces drag and improves downforce. A unique one-piece rear fascia includes a separate air diffuser along with an available trailer receiver and access cover. The dual-sport exhaust system features 4-inch exhaust tips.

New for 2013 are two special models of the Jeep Grand Cherokee SRT8 including the bright white “Alpine” edition and brilliant black “Vapor” edition.

Both models feature the addition of Black Vapor Chrome finish to the standard split 5-spoke, 20 inch wheels along with unique gloss black exterior appointments including:Jeep hood badgeGrand Cherokee door badgeFront grille surround and insertsRear light bar and step pad

Race-inspired and high-performance interior

The 2013 Jeep Grand Cherokee’s refined, luxurious interior takes on a performance feel in SRT8 form with race-inspired technology and SRT-exclusive appointments.

The leather-wrapped, heated steering wheel features a unique satin chrome rim section with a flattened bottom surface – evoking a race-inspired cockpit – that showcases the SRT logo. Standard paddle-shift controls flank both sides of the contoured palm rests while all audio and Electronic Vehicle Information Center (EVIC) controls are accessible from the horizontal spokes on the steering wheel. A power tilt and telescoping steering column also is standard.

SRT-exclusive Performance Pages show instant feedback on steering input measurements, horsepower, torque, 0-60 mph time, 60-0 mph braking distance, G-forces, and one-eighth mile and quarter-mile times, along with expanded engine information.

Standard SRT-styled Nappa leather and suede seats, with sculpted bolsters and adjustable headrests, provide all the comfort for daily drives – and “grip” to keep the driver and passengers in place during spirited driving. The embroidered SRT logos and contrast stitching accent the two front seats. Heated (front and rear) and ventilated (front) seats are standard.

Also standard for 2013 are premium leather door trim panels, instrument panel and center console along with a power liftgate.

Carbon fiber accents are integrated into the instrument panel and door trim panels and bright, racing style brake and pedal pads add to the high-performance look inside the cabin. An available Command View dual-pane sun roof provides twice as much glass surface than a standard sun roof and extends from the windshield to the rear of the vehicle.

Safety and security

Already a two-time winner of the Insurance Institute for Highway Safety (IIHS) 'Top Safety Pick' for the volume Grand Cherokee models, the 2013 Jeep Grand Cherokee SRT8 offers consumers 45 safety and security features including:Active head restraints: Deploy in the event of a rear collision. Restraints are designed to reduce injuries by minimizing the gap between the head restraint and the passenger’s headActive turn signals: Turn signal flashes three times when stalk is depressed for one second to indicate a lane changeAdaptive cruise control (ACC): The system decreases the vehicle’s pre-set cruise-control speed when closing in on another vehicle in the same lane, or when another vehicle pulls into the same lane. The system will accelerate to the pre-set speed when the vehicle in front speeds up or moves into another lane. ACC will maintain a driver adjustable distance between the vehicle and the one in front of it, allowing the use of cruise control in light traffic without having to continuously adjust settingsAdvanced multi-stage air bags: Inflates with a force appropriate to the severity of the impact Meets FMVSS 208 advanced air bag requirements for smaller, out-of-position occupantsAnti-lock brake system (ABS): Senses and prevents wheel lockup, offering improved steering control under extreme braking and/or slippery conditionsAnti-lock brake system with rough-road detection: Anti-lock brake system capable of detecting if the vehicle is driving on a rough road by the oscillations in the wheel speed signals. When rough road is detected on off-road surfaces or trails, ABS enters a different pressure control where it will hold the brake pressure for longer pulsesBeltAlert: Activates a chime and/or illuminates an icon in the instrument cluster to remind the driver and front passenger to buckle up if a vehicle is driven without belted front-seat occupantsBlind-spot Monitoring (BSM): Uses dual ultra-wideband radar sensors to aid the driver when changing lanes, or if being passed by or passing unseen vehicles. The system notifies the driver of vehicle(s) in their blind spot via illuminated icons on the side view mirror and with a driver-selected audible chimeBrake Assist: In an emergency brake situation, the system applies maximum braking power, minimizing the stopping distanceBrake Override: When a disagreement exists between the throttle and the brake, the brake signal causes the engine controller to reduce engine power, allowing the operator to stop the carBrake-traction control system (BTCS): Helps to keep driving wheels from spinningduring acceleration from a stop or during slow speeds by applying individual brakes to the slipping wheel(s)Child seat anchor system: LATCH (Lower Anchors and Tethers for CHildren) is designed to ease installation of compatible aftermarket child seatsConstant-force Retractors (CFR): Regulates the force exerted on the occupant by the seat belt, and then gradually releases seat-belt webbing in a controlled mannerElectronic roll mitigation (ERM): An extension of electronic stability control (ESC). Uses input from ESC sensors to anticipate if the vehicle is at risk of entering a potential roll situation, then applies the brakes individually and modulates the throttle position as neededElectronic stability control (ESC): Enhances driver control and helps maintain directional stability under all conditions. Provides the benefit in critical driving situations such as turns, and is valuable when driving on mixed surface conditions including snow, ice or gravel. If there is a discernible difference between driver input through the steering wheel and the vehicle’s path, ESC applies selective braking and throttle input to guide the vehicle back on to the driver’s intended pathEnergy-absorbing steering column: The power-adjust steering column employs a calibrated bending element that deforms during column stroke for optimal energy managementEnhanced Accident Response System (EARS): Makes it easier for emergency personnel to see and reach occupants in the event of an accident by turning on the interior lighting and unlocking doors after air bag deployment. Also shuts off flow of fuel to the engineExpress Up/Down Windows: One-touch powered express up/down window button located on the front driver and passenger-side doorForward Collision Warning (FCW): Using forward-facing radar sensors, this system detects when the vehicle may be approaching another vehicle too rapidly and alerts the driver so the driver can determine what action must be taken in order to prevent the vehicle from a collisionHigh-intensity discharge (HID) headlamps: Provide approximately three times the light output of conventional reflector lamps for improved nighttime illuminationHill-start Assist (HSA): Assists drivers when starting a vehicle from a stop on a hill by maintaining the level of brake pressure applied for a short period of time after a driver’s foot is removed from the brake pedal. If throttle is not applied within a short period of time after the driver’s foot is removed from the brake pedal, brake pressure will be releasedKeyless Enter-N-Go: When an individual enters the vehicle, electronic sensors detect if the vehicle key fob is present. The vehicle will then allow the individual to push a button to start the vehicle without having to insert the key into the ignitionKnee bolsters: The lower instrument panel and the glove-box door are designed to properly position the occupant during impact, enabling air bags to work effectivelyNavigation system: Voice-activated navigation system available with real-time traffic to provide precise guidance to destination through the use of global positioning system (GPS) satellite technologyParkSense rear park assist system: Assists at low speeds in reverse to detect stationary objects. Consists of audible warnings for the driver and has a display in the Electronic Vehicle Information Center (EVIC) integrated into the instrument clusterParkView rear back-up camera: Provides a wide-angle view of the area immediately behind the vehicle, giving the driver greater peace of mind before reversing at low speeds. Contains grid line to aid the driver when maneuvering into parking spaces or narrow areas. Also aids in lining up a trailer to the vehicle’s trailer hitch, when so equipped. The image is displayed on the navigation screen when the transmission is shifted into ReversePower tilt-and-telescoping steering column with memory: Allows steering column to tilt and move toward or away from the driver to achieve a safe and comfortable distance from the advanced multi-stage front driver air bag, if deployedRain Brake Support: Uses the ESC pump to occasionally push brake pads lightly against brake rotors in rainy conditions in order to keep rotors dryRain-sensing wipers: A driver convenience feature that automatically senses moisture on the windshield and activates wipersReady Alert Braking: Anticipates situations when the driver may initiate an emergency brake stop and uses the ESC pump to set brake pads against rotors in order to decrease the time required for full brake applicationRear Cross Path (RCP): In parking lot situations, this system warns drivers backing out of parking spaces of traffic moving toward their vehicle. It activates any time the vehicle is in Reverse. The driver is notified of vehicle(s) crossing behind the vehicle via illuminated icons on the sideview mirror and with a driver-selected audible chimeRemote (fob) operated windows (front windows - down only): Enable an individual to cool down the vehicle passively by opening front windows remotelyRemote keyless entry: Locks and unlocks doors and turns on interior lamps. If the vehicle is equipped with a security alarm, the remote also arms and disarms that systemRemote start: Conveniently starts the engine and activates key comfort settings based on ambient conditions by using the key fob while maintaining vehicle securityRollover crash sensing: Senses a rollover and deploys seat belt pretensioners and/or standard full-length side-curtain air bags as neededSeat-belt pretensioners: During a collision, impact sensors initiate front seat-belt pretensioners to remove slack in the seat belt system, thereby reducing the forward movement of the occupant’s head and torsoSentry Key engine Immobilizer: Utilizes an engine key that has an embedded transponder with a preprogrammed security code to discourage vehicle theft. When the key is inserted into the ignition, the controller sends a random number to the transponder and the engine is allowed to start. If an incorrect key is used, the engine will shut off after a few secondsSignal mirrors: Signal lamp built into the housing of exterior mirrors allows turn signals to be viewed from the front, as well as the sides and rear of the vehicle in order to alert oncoming traffic and pedestriansSmartBeam headlamps: Headlamp system adjusts to ambient light and oncoming traffic to deliver maximum lightingStandard full-length side-curtain air bags: Extend protection to all outboard front- and rear-seat passengers. Each side air bag has its own impact sensor that autonomously triggers the air bag on the side where an impact occurs. This type of air bag is housed in the headliner just above side windowsStandard seat-mounted side thorax air bags: Provide enhanced protection to thedriver and front outboard passenger in certain impacts. Each side air bag has its own impact sensor that autonomously triggers the air bag on the side where an impact occurs. Standard side air bags are housed within the outboard side of each front seatThree-point seat belts: Front outboard seating positions and all rear seating positions have lap and shoulder beltsTire-pressure monitoring (TPM): Informs driver when tire pressure is too low. Pressure-sensor modules within the valve stems of all four road wheels send continuous radio-frequency signals to a receiver and the systemTrailer-sway control (TSC): Reduces trailer sway and improves handling in adverse towing conditions caused by crosswinds and traffic. The system monitors the vehicle’s movement relative to the driver’s intended path, then applies alternating brake pressure to slow the vehicle and then increases the pressure on one front wheel in order to counteract the sway induced by the trailerUconnect Phone: In-vehicle, voice-activated communication system that allows customers to talk on their Bluetooth compatible phone with your hands on the wheel and eyes on the road. The built-in phonebook sync feature automatically downloads as many as 1,000 phone book entries from supported phones, which can then be selected by simply saying contact name

Connectivity and Infotainment

A wide variety of easy-to-use infotainment options are available with features that provide customers with seamless integration of consumer electronics, delivering drivers and passengers the conveniences of home and office.

Premium navigation and SiriusXM Travel Link are standard with the 730N Media Center CD/DVD/MP3/HDD radio. Also standard are a multitude of features including SiriusXM Satellite Radio and Uconnect Phone.

The available Vehicle Entertainment System (VES) includes a DVD player and rear seat overhead screen that deliver a variety of programming choices, with ports to connect games and media players with audio and video output capability, including iPod connectivity. The Media Center or the VES remote can control multiple screen inputs and each screen can play something different.

The available 825-watt, 19-speaker premium SRT performance audio surround-sound system from Harman Kardon offers world premier innovation, featuring a 32-volt Tracking Power Supply (TPS) 12-channel Class D amplifier that delivers outstanding acoustics and brings multi-dimensional, quality sound for all interior occupants.

GreenEdge speaker and amplifier technology offers superior sound quality and high Sound Pressure Level outputs with minimum energy consumption. GreenEdge amplifiers alone outperform traditional amplifier efficiency by up to 55 percent, representing a net efficiency of more than 90 percent in some cases. The speakers are tuned for maximum efficiency and perfectly matched to the amplifier output.

The system’s 19 GreenEdge high-efficiency speakers include nine tweeters, five mid-range speakers, two mid-woofers and three subwoofers located throughout the interior.

The 2013 Jeep Grand Cherokee SRT8 is built at the Jefferson North Assembly Plant in Detroit. The Manufacturer’s Suggested Retail Price (MSRP) is $59,995 (plus $925 destination). MSRP for the Alpine and Vapor special edition packages is $2,495.


GM's Second-Quarter Sees Earnings Drop By 40%, Profit Up

Uploaded by mudmonster on Yesterday, 11:36 AM

William Maley

Staff Writer - CheersandGears.com

August 2, 2012

General Motors released their second quarter earnings report and the results are a bit disappointing. The company posted a net income of $1.5 billion and a revenue of $37.6 billion. Those numbers are significantly down from the same figures in the second quarter of 2011, when GM posted a net income of $2.5 billion and a revenue of $39.4 billion. That's a drop of 40% in income and a 4.6% drop in revenue.

This announcement comes a day after GM released their sales results for July, which saw sales drop by 6% compared to 2011 sales. Part of the decline was due to declining fleet and rental sales. The other part was due to competitors like Toyota and Honda clawing back sales they had lost due the earthquake and tsunami last march.

“Our results in North America, our International Operations and at GM Financial were solid but we clearly have more work to do to offset the headwinds we face, especially in regions like Europe and South America,” said GM CEO Dan Akerson.

Europe was what hurt GM the most, posting a $400 million loss in the second quarter. That's a 400% increase when compared to a $100 million loss in the second quarter of last year. South America operations broke even in this quarter, but had posted $100 million profit in the second-quarter of 2011. GM International Operations, which includes the Chinese and Indian markets, posted a profit of $600 million, which matches second quarter results from last year.

North America was one bright spot for GM, posting a $2 billion profit for the quarter, down from $2.2 billion in the second quarter of 2011.

William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

Press Release is on Page 2


GM Reports Second Quarter Net Income of $1.5 Billion and EBIT-adjusted of $2.1 Billion

DETROIT – General Motors Co. (NYSE: GM) today announced second quarter net income attributable to common stockholders of $1.5 billion, or $0.90 per fully diluted share. In the second quarter a year ago, GM’s net income attributable to common stockholders was $2.5 billion, or $1.54 per fully diluted share.

Net revenue in the second quarter of 2012 was $37.6 billion, compared with $39.4 billion in the second quarter of 2011. The decrease was due almost entirely to the strengthening of the U.S. dollar versus other major currencies. Earnings before interest and tax (EBIT) adjusted was $2.1 billion, compared with $3.0 billion in the second quarter of 2011. Total restructuring expense included in EBIT-adjusted for the second quarter of 2012 was $0.1 billion.

“Our results in North America, our International Operations and at GM Financial were solid but we clearly have more work to do to offset the headwinds we face, especially in regions like Europe and South America,” said GM chairman and CEO Dan Akerson. “Despite the challenging environment, GM has now achieved 10 consecutive quarters of profitability, which is a milestone the company has not achieved in more than a decade.”

GM Results Overview (in billions except for per share amounts)

Q2 2012

Q2 2011

Revenue

$37.6

$39.4

Net income attributable to common stockholders

$1.5

$2.5

Earnings per share (EPS) fully diluted

$0.90

$1.54

Impact of special items on EPS fully diluted

-

-

EBIT-adjusted

$2.1

$3.0

Automotive net cash flow from operating activities

$3.8

$5.0

Automotive free cash flow

$1.7

$3.8

Segment ResultsGM North America (GMNA) reported EBIT-adjusted of $2.0 billion, compared with $2.2 billion in the second quarter of 2011.GM Europe (GME) reported an EBIT-adjusted loss of $0.4 billion, compared with EBIT-adjusted of $0.1 billion in second quarter of 2011.GM International Operations (GMIO) reported EBIT-adjusted of $0.6 billion, equal to the second quarter of 2011.GM South America (GMSA) reported breakeven results on an EBIT-adjusted basis, compared with EBIT-adjusted of $0.1 billion in the second quarter of 2011. The second quarter 2012 results include $0.1 billion in restructuring expenses.GM Financial earnings before tax was $0.2 billion for the quarter, compared with $0.1 billion a year ago.In the Corporate segment, GM reported EBIT-adjusted of $(0.2) billion, of which $(0.1) billion was attributable to a non-cash foreign exchange loss.

Cash Flow and Liquidity

For the quarter, automotive cash flow from operating activities was $3.8 billion and automotive free cash flow was $1.7 billion. GM ended the quarter with very strong total automotive liquidity of $38.5 billion. Automotive cash and marketable securities was $32.6 billion, compared with $31.5 billion at the end of the first quarter of 2012.

At the end of the first quarter, GM indicated that GMNA’s results for the second and third quarters of 2012 were expected to be comparable to the first quarter. Second quarter GMNA results were stronger in part due to timing of spending that was deferred to the third quarter. GM continues to expect that the average of its second and third quarter EBIT-adjusted in GMNA will be comparable to first quarter results.

“We’re executing an aggressive product plan around the world, and at the same time we are working systematically to simplify the business and truly leverage our scale to grow our margins,” said Dan Ammann, senior vice president and CFO.

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM’s brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

Forward-Looking Statements

In this press release and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “target,” “believe,” “commit,” “intend,” “continue,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planned significant investment in new technology; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; the overall strength and stability of our markets, particularly Europe; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly reports on Form 10-Q provides information about these and other factors, which we may revise or supplement in future reports to the SEC.


Sales Of Diesel Powered Vehicles On The Rise

Uploaded by mudmonster on 01 August 2012 - 11:59 PM

William Maley

Staff Writer - CheersandGears.com

August 2, 2012

According to research firm Baum and Associates, American buyers are taking a liking to diesel vehicles. Through June of this year, 61,214 diesel-powered vehicles have been sold in the U.S., an increase of 27.5%.

That number might not sound like a lot, but sales of diesel vehicles are steadily climbing. From April to June, Diesel vehicles saw increases in sales ranging from 14.4% to 28.2%.

This news comes in the face of the high price of a gallon of diesel compared to gas. AAA reports that the national average cost of a gallon of diesel is $3.780, compared with $3.521 a gallon for regular gas.

"Despite some volatility in the auto market, clean-diesel auto sales have increased in 22 of the past 23 months with double-digit increases in 20 of those months. And diesel auto sales increased by more than 30 percent in 12 of these months," Allen Schaeffer, executive director of the Diesel Technology Forum, said in a statement.

Source: Kicking Tires


Lincoln To Offer A 2.0L EcoBoost As An Option For MKT Town Car

Uploaded by mudmonster on 01 August 2012 - 11:07 PM

William Maley

Staff Writer - CheersandGears.com

August 2, 2012

Lincoln's replacement for the town car for livery services, the MKT Town Car, will have a fuel efficient option for those who are looking to save on their gas bills.

Motor Trend reports that the MKT Town Car for the 2013 model year will come with a 2.0L EcoBoost four-cylinder in a FWD configuration.

The 2.0L EcoBoost provides 235 HP and 260 lb-ft of torque. EPA rates the 2.0L at 20 City/28 highway/23 combined. That's considerably better than 3.7L V6 option that provides 300 HP and 275 lb-ft torque. EPA rates the 3.7 at 17 City/24 Highway/19 Combined. Note, the 3.7L V6 comes with AWD as standard equipment.

The MKT Town Car with the 2.0L EcoBoost starts at $49,845, about $1,100 less than the 3.7L V6.

Source: Motor Trend


July 2012 - Mercedes-Benz/smart

Uploaded by mudmonster on 01 August 2012 - 03:22 PM

MERCEDES-BENZ POSTS JULY SALES OF 19,311

smart up 138.5%, Sprinter up 27.2% for the Month; Total MBUSA at 22,294 up 5.8%

Mercedes-Benz USA (MBUSA) today reported July sales of 19,311 for its Mercedes-Benz models, delivering a record year-to-date total of 147,905 new vehicles to customers, up 13.8%.

August 01, 2012

MONTVALE, N.J.

Mercedes-Benz USA (MBUSA) today reported July sales of 19,311 for its Mercedes-Benz models, delivering a record year-to-date total of 147,905 new vehicles to customers, up 13.8%.

Combined sales of Mercedes-Benz passenger vehicles, smart and Sprinter of the month totaled 22,294, up 5.8% bringing an MBUSA year-to-date total of 164,912, up 18.6%

Mercedes-Benz sales for the month of July were led by the C-, E- and GL-Class model lines. The sporty C-Class – the gateway to the Mercedes-Benz brand on the car side for younger and first-time Mercedes-Benz buyers – took the lead with sales of 5,663, up 24.4%. The 9th generation E-Class followed with sales of 5,089 and MBUSA’s largest SUV, the GL-Class, rounded out the top three with sales of 2,494, up 32%.

At the high end, the all-new iconic sixth generation 2013 SL roadster – which debuted in showrooms this past spring - posted sales of 449 yielding an increase of 382.8% and the flagship coupe, the CL, sold 39 vehicles for an increase of 62.5%. The SLS AMG supercar retailed at 59 for the month, up 20.4% over the same period last year.

On a year-to-date basis, top performers were the C-Class with 43,349, the E-Class with 35,455 and the M-Class with 22,416.

Monthly sales of the high-performance AMG models were 457, up 11.7% versus July 2011 (409) and up 54.3% year to date.

Sales of the company’s BlueTEC diesel models were up 45% for the year at 9,957 compared to the 6,866 diesels sold over the same time last year.

The company’s smart brand continued nine consecutive months of sales increases with July sales of 780 , a 138.5% jump for the month (compared to the 327 vehicles sold in July 2011) bringing the year-to-date volume to 5,528 up 1,590.5%

On the van side, sales of Sprinter vans saw another best-ever sales month in July with 2,203 – up 27.2% over last year and up 30% on a year-to-date basis.

Separately, through the Mercedes-Benz Certified Pre-Owned (MBCPO) program, MBUSA sold 6,519 vehicles in July; an increase of 10.6% when compared to July 2011 (sales of 5,895 vehicles). On a year-to-date basis, MBCPO sold 45,938 vehicles, an increase of 0.4% over the comparable period (with sales of 45,750 vehicles).



Share this post


Link to post
Share on other sites
Sign in to follow this