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GM quarterly report shows that healthy retail sales are paying off.

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That is awesome to read, that while sales of number of auto's was on par with a year ago, they turned a profit in Europe and increased profit. That is all good stuff.

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Very good news.

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    • By William Maley
      Author's Note: As we reported last month, General Motors will be reporting their sales numbers quarterly. The next time you will see GM and their subsequent brands will be in June. -WM
      Volvo Cars of North America, LLC - Up 17% (8,333 Vehicles Sold This Month, 28,416 Vehicles Sold This Year)
      Audi of America - Up 7.4% (20,090 Vehicles Sold This Month, 50,052 Vehicles Sold This Year)
      FCA US LLC - Up 5% (184,149 Vehicles Sold This Month, 698,918 Vehicles Sold This Year)
      Volkswagen of America - Up 4.5% (28,794 Vehicles Sold This Month, 112,746 Vehicles Sold This Year)
      BMW Group U.S. - Up 4.2% (27,213 Vehicles Sold This Month, 111,581 Vehicles Sold This Year)
      Mercedes-Benz USA - Up 2.1% (30,115 Vehicles Sold This Month, 117,096 Vehicles Sold This Year)
      Subaru of America, Inc. - Up 1.5% (53,170 Vehicles Sold This Month, 202,873 Vehicles Sold This Year)
      Porsche Cars North America, Inc. - Up 0.7% (5,570 Vehicles Sold This Month, 19,524 Vehicles Sold This Year)
      Jaguar Land Rover North America - 0% (8,467 Vehicles Sold This Month, 40,762 Vehicles Sold This Year)
      Mazda North American Operations - Down 4.6% (23,056 Vehicles Sold This Month, 107,051 Vehicles Sold This Year)
      Mitsubishi Motors North America - Down 4.6% (7,990 Vehicles Sold This Month, 43,762 Vehicles Sold This Year)
      Ford Motor Company -  Down 4.7% (204,651 Vehicles Sold This Month, 804,232 Vehicles Sold This Year)
      Toyota Motor North America - Down 4.7% (192,348 Vehicles Sold This Month, 764,381 Vehicles Sold This Year)
      Kia Motors America - Down 5.2% (50,585 Vehicles Sold This Month, 177,530 Vehicles Sold This Year)
      American Honda Motor Co. - Down 9.2% (125,701 Vehicles Sold This Month, 488,192 Vehicles Sold This Year)
      Maserati North America, Inc. - Down 24.9% (950 Vehicles Sold This Month, 3,663 Vehicles Sold This Year)
      Nissan North America - Down 28.1% (87,764 Vehicles Sold This Month, 503,767 Vehicles Sold This Year)

      Hyundai Motor America - 

      Brands:
      Acura - Down 15.9% (11,888 Vehicles Sold This Month, 45,302 Vehicles Sold This Year)
      Alfa Romeo - Up 173% (1,847 Vehicles Sold This Month, 7,639 Vehicles Sold This Year)
      Audi - Up 7.4% (20,090 Vehicles Sold This Month, 50,052 Vehicles Sold This Year)
      BMW - Up 3.8% (23.482 Vehicles Sold This Month, 97,317 Vehicles Sold This Year)
      Chrysler - Down 18% (14,189 Vehicles Sold This Month, 60,422 Vehicles Sold This Year)
      Dodge - Up 4% (40,994 Vehicles Sold This Month, 157,965 Vehicles Sold This Year)
      Fiat - Down 45% (1,404 Vehicles Sold This Month, 5,418 Vehicles Sold This Year)
      Ford - Down 4.3% (196,133 Vehicles Sold This Month, 773,252 Vehicles Sold This Year)
      Genesis - 
      Honda - Down 8.4% (113,813 Vehicles Sold This Month, 422,890 Vehicles Sold This Year)
      Hyundai - 
      Infiniti - Down 17% (8,960 Vehicles Sold This Month, 49,847 Vehicles Sold This Year)
      Jaguar - Down 37% (2,019 Vehicles Sold This Month, 10,068 Vehicles Sold This Year)
      Jeep - Up 20% (82,641 Vehicles Sold This Month, 310,746 Vehicles Sold This Year)
      Kia - Down 5.2% (50,585 Vehicles Sold This Month, 177,530 Vehicles Sold This Year)
      Land Rover - Up 24% (6,448 Vehicles Sold This Month, 30,694 Vehicles Sold This Year)
      Lexus - Down 2.1% (21,642 Vehicles Sold This Month, 85,853 Vehicles Sold This Year)
      Lincoln - Down 12.1% (8,518 Vehicles Sold This Month, 30,980 Vehicles Sold This Year)
      Maserati - Down 24.9% (950 Vehicles Sold This Month, 3,663 Vehicles Sold This Year)
      Mazda - Down 4.6% (23,056 Vehicles Sold This Month, 107,051 Vehicles Sold This Year)
      Mercedes-Benz - Up 1% (27,207 Vehicles Sold This Month, 105,681 Vehicles Sold This Year)
      Mercedes-Benz Vans - Up 28.4% (2,815 Vehicles Sold This Month, 11,001 Vehicles Sold This Year)
      MINI - Up 7.2% (3,731 Vehicles Sold This Month, 14,264 Vehicles Sold This Year)
      Mitsubishi - Down 4.6% (7,990 Vehicles Sold This Month, 43,762 Vehicles Sold This Year)
      Nissan - Down 29.1% (78,804 Vehicles Sold This Month, 453,920 Vehicles Sold This Year)
      Porsche - Up 0.7% (5,570 Vehicles Sold This Month, 19,524 Vehicles Sold This Year)
      Ram Trucks - Down 9% (43,074 Vehicles Sold This Month, 156,728 Vehicles Sold This Year)
      Smart - Down 74.5% (93 Vehicles Sold This Month, 414 Vehicles Sold This Year)
      Subaru - Up 1.5% (53,170 Vehicles Sold This Month, 202,873 Vehicles Sold This Year)
      Toyota - Down 5.1% (170,706 Vehicles Sold This Month, 678,528 Vehicles Sold This Year)
      Volkswagen - Up 4.5% (28,794 Vehicles Sold This Month, 112,746 Vehicles Sold This Year)
      Volvo - Up 17% (8,333 Vehicles Sold This Month, 28,416 Vehicles Sold This Year)

      View full article
    • By William Maley
      Author's Note: As we reported last month, General Motors will be reporting their sales numbers quarterly. The next time you will see GM and their subsequent brands will be in June. -WM
      Volvo Cars of North America, LLC - Up 17% (8,333 Vehicles Sold This Month, 28,416 Vehicles Sold This Year)
      Audi of America - Up 7.4% (20,090 Vehicles Sold This Month, 50,052 Vehicles Sold This Year)
      FCA US LLC - Up 5% (184,149 Vehicles Sold This Month, 698,918 Vehicles Sold This Year)
      Volkswagen of America - Up 4.5% (28,794 Vehicles Sold This Month, 112,746 Vehicles Sold This Year)
      BMW Group U.S. - Up 4.2% (27,213 Vehicles Sold This Month, 111,581 Vehicles Sold This Year)
      Mercedes-Benz USA - Up 2.1% (30,115 Vehicles Sold This Month, 117,096 Vehicles Sold This Year)
      Subaru of America, Inc. - Up 1.5% (53,170 Vehicles Sold This Month, 202,873 Vehicles Sold This Year)
      Porsche Cars North America, Inc. - Up 0.7% (5,570 Vehicles Sold This Month, 19,524 Vehicles Sold This Year)
      Jaguar Land Rover North America - 0% (8,467 Vehicles Sold This Month, 40,762 Vehicles Sold This Year)
      Mazda North American Operations - Down 4.6% (23,056 Vehicles Sold This Month, 107,051 Vehicles Sold This Year)
      Mitsubishi Motors North America - Down 4.6% (7,990 Vehicles Sold This Month, 43,762 Vehicles Sold This Year)
      Ford Motor Company -  Down 4.7% (204,651 Vehicles Sold This Month, 804,232 Vehicles Sold This Year)
      Toyota Motor North America - Down 4.7% (192,348 Vehicles Sold This Month, 764,381 Vehicles Sold This Year)
      Kia Motors America - Down 5.2% (50,585 Vehicles Sold This Month, 177,530 Vehicles Sold This Year)
      American Honda Motor Co. - Down 9.2% (125,701 Vehicles Sold This Month, 488,192 Vehicles Sold This Year)
      Maserati North America, Inc. - Down 24.9% (950 Vehicles Sold This Month, 3,663 Vehicles Sold This Year)
      Nissan North America - Down 28.1% (87,764 Vehicles Sold This Month, 503,767 Vehicles Sold This Year)

      Hyundai Motor America - 

      Brands:
      Acura - Down 15.9% (11,888 Vehicles Sold This Month, 45,302 Vehicles Sold This Year)
      Alfa Romeo - Up 173% (1,847 Vehicles Sold This Month, 7,639 Vehicles Sold This Year)
      Audi - Up 7.4% (20,090 Vehicles Sold This Month, 50,052 Vehicles Sold This Year)
      BMW - Up 3.8% (23.482 Vehicles Sold This Month, 97,317 Vehicles Sold This Year)
      Chrysler - Down 18% (14,189 Vehicles Sold This Month, 60,422 Vehicles Sold This Year)
      Dodge - Up 4% (40,994 Vehicles Sold This Month, 157,965 Vehicles Sold This Year)
      Fiat - Down 45% (1,404 Vehicles Sold This Month, 5,418 Vehicles Sold This Year)
      Ford - Down 4.3% (196,133 Vehicles Sold This Month, 773,252 Vehicles Sold This Year)
      Genesis - 
      Honda - Down 8.4% (113,813 Vehicles Sold This Month, 422,890 Vehicles Sold This Year)
      Hyundai - 
      Infiniti - Down 17% (8,960 Vehicles Sold This Month, 49,847 Vehicles Sold This Year)
      Jaguar - Down 37% (2,019 Vehicles Sold This Month, 10,068 Vehicles Sold This Year)
      Jeep - Up 20% (82,641 Vehicles Sold This Month, 310,746 Vehicles Sold This Year)
      Kia - Down 5.2% (50,585 Vehicles Sold This Month, 177,530 Vehicles Sold This Year)
      Land Rover - Up 24% (6,448 Vehicles Sold This Month, 30,694 Vehicles Sold This Year)
      Lexus - Down 2.1% (21,642 Vehicles Sold This Month, 85,853 Vehicles Sold This Year)
      Lincoln - Down 12.1% (8,518 Vehicles Sold This Month, 30,980 Vehicles Sold This Year)
      Maserati - Down 24.9% (950 Vehicles Sold This Month, 3,663 Vehicles Sold This Year)
      Mazda - Down 4.6% (23,056 Vehicles Sold This Month, 107,051 Vehicles Sold This Year)
      Mercedes-Benz - Up 1% (27,207 Vehicles Sold This Month, 105,681 Vehicles Sold This Year)
      Mercedes-Benz Vans - Up 28.4% (2,815 Vehicles Sold This Month, 11,001 Vehicles Sold This Year)
      MINI - Up 7.2% (3,731 Vehicles Sold This Month, 14,264 Vehicles Sold This Year)
      Mitsubishi - Down 4.6% (7,990 Vehicles Sold This Month, 43,762 Vehicles Sold This Year)
      Nissan - Down 29.1% (78,804 Vehicles Sold This Month, 453,920 Vehicles Sold This Year)
      Porsche - Up 0.7% (5,570 Vehicles Sold This Month, 19,524 Vehicles Sold This Year)
      Ram Trucks - Down 9% (43,074 Vehicles Sold This Month, 156,728 Vehicles Sold This Year)
      Smart - Down 74.5% (93 Vehicles Sold This Month, 414 Vehicles Sold This Year)
      Subaru - Up 1.5% (53,170 Vehicles Sold This Month, 202,873 Vehicles Sold This Year)
      Toyota - Down 5.1% (170,706 Vehicles Sold This Month, 678,528 Vehicles Sold This Year)
      Volkswagen - Up 4.5% (28,794 Vehicles Sold This Month, 112,746 Vehicles Sold This Year)
      Volvo - Up 17% (8,333 Vehicles Sold This Month, 28,416 Vehicles Sold This Year)
    • By William Maley
      VOLKSWAGEN OF AMERICA REPORTS APRIL 2018 SALES RESULTS
      Sales totaled 28,794 units, an increase of 4.5 percent compared to April 2017. Year-to-date sales totaled 112,746 units, an increase of 8.6 percent over 2017 and highest volume YTD since 2014. Sales of the all-new 2018 Tiguan totaled 7,637 units. Sales of the Chattanooga-built Atlas totaled 5,404 units. Herndon, VA — (May 1, 2018) Volkswagen of America, Inc. (VWoA) today reported sales of 28,794 units delivered in April 2018, an increase of 4.5 percent over April 2017. With 112,746 units delivered year-to-date in 2018, the company is reporting an 8.6 percent increase in year-over-year sales.
      “We are encouraged with the brand’s continued growth in the market, driven by the success of our two new SUVs,” said Derrick Hatami, Executive Vice President of Sales and Marketing for Volkswagen of America. “We are also excited to have the all-new 2019 Jetta going on sale later this month, adding to the positive momentum.”
      April 2018 proved to be another growth month for Volkswagen, driven by sales of the Atlas and 2018 Tiguan with 5,404 and 7,637 units delivered respectively. Overall sales reflected the impact of Volkswagen’s move to offer a more family-friendly lineup, with SUVs accounting for nearly 50 percent of total volume for the Volkswagen brand in year-over-year sales.
      The all-new 2019 Jetta is expected to arrive at U.S. Volkswagen dealers later this month. The Jetta is one of the world’s most successful sedans, with more than 17 million models sold worldwide, including more than 3.2 million of those vehicles in the U.S. The 2019 Jetta offers a bolder design, more interior space and new technology.  
      For the 2018 model year, most new Volkswagen vehicles in the U.S. will come with the People First Warranty, a six-year or 72,000-mile (whichever occurs first) bumper-to-bumper New Vehicle Limited Warranty, which can be transferred to subsequent owners throughout its duration.
      April 2018 Sales
        April 18
      April 17
      Yr/Yr% 
      change
      April 18 YTD
      April 17 YTD
      Yr/Yr% 
      change
      Golf
      780
      1,249
      -37.6%
      2,693
      4,591
      -41.3%
      GTI
      1,385
      1,702
      -18.6%
      6,511
      7,307
      -10.9%
      Golf R
      892
      367
      143.1%
      1,241
      1,828
      -32.1%
      e-Golf
      128
      307
      -58.3%
      668
      1,274
      -47.6%
      Golf SportWagen
      1,481
      3,562
      -58.4%
      5,565
      10,164
      -45.2%
      Total Golf Family
      4,666
      7,187
      -35.1%
      16,678
      25,164
      -33.7%
      Jetta Sedan
      4,302
      9,398
      -54.2%
      18,912
      33,961
      -44.3%
      Jetta SportWagen
      (now Golf SportWagen)
      11
      N/A
      N/A
      51
      N/A
      N/A
      Total Jetta
      4,313
      9,398
      -54.1%
      18,963
      33,961
      -44.2%
      Beetle Coupe
      850
      732
      16.1%
      3,366
      3,096
      8.7%
      Beetle Convertible
      619
      765
      -19.1%
      1,981
      2,309
      -14.2%
      Total Beetle
      1,469
      1,497
      -1.9%
      5,347
      5,405
      -1.1%
      Passat
      4,044
      6,148
      -34.2%
      13,806
      24,415
      -43.5%
      CC
      44
      150
      -70.7%
      196
      712
      -72.5%
      Tiguan Limited
      1,047
      2,939
      -64.4%
      6,377
      13,150
      -51.5%
      2018 Tiguan
      7,637
      N/A
      N/A
      29,735
      N/A
      N/A
      Touareg
      170
      238
      -28.6%
      1,108
      1,040
      6.5%
      Atlas
      5,404
      N/A
      N/A
      20,536
      N/A
      N/A
      TOTAL
      28,794
      27,557
      4.5%
      112,746
      103,847
      8.57%
    • By William Maley
      It has been a tense couple of months at GM Korea. Back in February, the company announced a restructuring plan for the division which included the closure of the Gunsan plant (one of the four plants operating in South Korea), and voluntary redundancies for 2,600 workers to stem the hemorrhaging of cash. Recently, GM has been pushing its workers’ union for concessions that would total $80 million. This is part of an effort to get a $500 million injection from the South Korean government to pay suppliers and workers. The workers union weren't buying, threatening to strike and trashing company executive offices earlier this month. Then GM threw down the gauntlet, either agree to the concessions by April 20th or we begin bankruptcy proceedings.
      “Without concessions from the labor union and clear resolution from stakeholders, the company has no choice but to go ahead with rehabilitation proceedings,” said GM Korea executive Kaher Kazem in an email to employees.
      Unfortunately, the date passed with no agreement and it seemed bankruptcy was on the horizon. But both GM and union rep would continue to talk over the weekend to see if a deal could be reached. At the 11th hour, an agreement was reached.
      “Through the latest agreement, GM Korea will be a competitive manufacturing company,” said Kazem in a statement today.
      According to Reuters who got to see the deal, the union agreed to freeze base wages, skip bonuses for this year, and cut back on benefits.
      “The labor union made huge concessions to save the company,” said Hong Young-pyo, a lawmaker of the ruling Democratic Party who worked on the mediation between the two groups.
      A union spokesman declined to comment when contacted by Reuters, only saying that workers will vote on the agreement later this week.
      The deal now allows the Korean government to fund Korea Development Bank (KDB) - the second largest shareholder in GM Korea - to provide support. It also allows GM to allocate two new models for the region. But some analysts are still uncertain as to the future of GM Korea. Labor costs, poor sales, and expensive export costs have some wondering if GM is in it for the long run or are planning an exit strategy.
      “GM has extended the lifeline of GM Korea, but not sure how long it will last,” said Lee Hang-koo, a senior research fellow at Korea Institute for Industrial Economics & Trade.
      Source: Reuters

      View full article
    • By William Maley
      In April of 2013, Ford and General Motors announced they would be working together on developing new nine and ten-speed automatic transmissions. The nine-speed automatic would be for front-wheel drive models, while rear-drive models got the ten-speed. Already, a number of Ford and GM vehicles are using the ten-speed. But GM will be the only one using the nine-speed.
      Automotive News reports that Ford is electing to use a new series of eight-speed automatic transmission on their vehicles. The company said the new nine-speed didn't provide enough of an improvement in fuel economy to justify the added cost and weight. According to a source, Ford made this decision before GM began to use this transmission on their production models.
      "Typically, if anyone gave me a transmission that didn't require much work, outside of tuning it for a specific vehicle, I would take it and run. It's a lot of design work after the fact to come up with their own flavor. It shows there might be some different schools of thought in terms of transmission efficiency," said Dave Sullivan, an analyst with AutoPacific Inc.
      While GM claims the nine-speed brings “smoother shifts” and a better driving experience, it hasn't brought any real gains to fuel economy. The 2017 Chevrolet Malibu 2.0T only saw an increase of one mpg on the highway when compared to the 2016 model with a six-speed automatic (33 vs. 32). The 2019 Buick Envision 2.0T saw its highway fuel economy drop by one when equipped with the nine-speed auto (25 vs. 26).
      It should be noted that one of the eight-speed transmissions Ford is using is based on the new nine-speed, minus a gear.
      Source: Automotive News (Subscription Required)

      View full article
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