Consumer Reports Names the Worst-Value Cars on the Road
AOL Autos took a close look at Consumer Reports' latest roundup of the worst car value for the money. If you're in the market for a new ride in 2013, here's what you ought to avoid.
automobiles
Lexus Tops as Survey Finds More Auto Dependability
Lexus is the top performer in a survey of vehicle dependability released Wednesday, but most other brands also showed improvement in an industry that has reached historically high dependability levels. Consulting firm J.D. Power and Associates polled 31,000 owners of 2009 model-year vehicles and rated brands by the number of problems owners have experienced in the last 12 months.
US Auto Sales Rise in January, Led by Chrysler, VW
U.S. auto sales are off to a strong start this year, continuing the brisk pace from late 2011. Chrysler had its best January in four years while Ford got a boost from small cars and SUVs. Volkswagen, which wants to aggressively expand in the U.S., reported much higher sales. One sour note was GM, where sales fell.
Toyota Earnings Slide 39% on Strong Yen
The Japanese automaker said earnings fell 39% in the third quarter while sales fell 1.2%. But the company is optimistic that auto sales are recovering: It raised its full-year forecast.
Ford Posts 13% Sales Gain in January
Ford Motor said sales of its cars and trucks rose 13.3% in January on improved demand by consumers, bucking last year's trend, when sales to fleet customers largely drove the increase. For the month, the automaker sold 127,317 units, up 13.3% compared to a year ago.
GM Withdraws $14 Billion Federal Loan Application
Back in 2009, General Motors applied to the Department of Energy for $14.4 billion in loans to help it manufacture more fuel-efficient vehicles. Today, with the automaker making big strides in turning around its business, GM said it no longer needs or wants the money.
Ford May Post Its Best Yearly Profit in a Decade
Analysts forecast that Ford will announce a profit of 48 cents a share on revenue of about $30.6 billion when it releases earnings on Friday. That translates into an expected pretax profit of $8 billion in 2010, the best Ford has seen since 1999.
Beyond Recalls: A Year Later, Toyota's Woes Continue
Last year's massive recalls -- and the resulting legal fallout -- have given Toyota's reputation a beating, cutting into its sales. But the company can't blame all of its problems on the recalls. Analysts also point to another issue: A lack of compelling new models.
No Longer the 'Big Three,' but They've Stopped Shrinking
With U.S. automotive dominance waning, a new moniker has emerged: the "Detroit Three." Still, don't count out Ford, GM or Chrysler. Their post-recession future looks strong, thanks to some agonizing restructuring. Now, they can be profitable selling fewer cars.
2010: The Year of Automobile Recalls
Automakers recalled more vehicles last year than in any of the last six years. And while Toyota Motors accounted for much of the growth, with problems including unintended acceleration and glitchy brakes, many other car manufacturers also saw their recalls increase.
Chrysler Finds It Can Be Profitable Selling Fewer Cars
The smallest of the Detroit Three, Chrysler has made substantial strides in turning around its business, including lowering the number of vehicles it needs to sell to make a profit. The automaker had pegged 1.65 million as its operating break-even point, but has just lowered this to about 1.5 million vehicles.
United Auto Workers Push to Unionize Foreign-Owned U.S. Auto Factories
The United Auto Workers union has been bleeding members, with fewer than 400,000 at the end of 2009. With a purportedly more collaborative attitude, the group plans to unionize foreign auto manufacturers with factories in the U.S.
Auto Dealers Are Upbeat on U.S. Sales for 2011
The nation's leading trade association for car dealers says it now sees industry sales of nearly 13 million vehicles this year, topping last year's by 12%. The rise is attributed to pent-up demand, loosening credit and a rising stock market.
December Auto Sales: Set to End 2010 in High Gear
The economy may be less robust than most Americans would like, but that didn't stop many of them from hitting the showrooms in December. That likely propelled auto sales in the final month of 2010 to 1.13 million units, the year's highest levels.
Why U.S. Auto Sales Should Speed Up in 2011
It's still hard to diagnose how the overall economy will fare in 2011. But the signs for at least one area all seem to be pointing up: car sales. Analysts predict the number of vehicles sold next year will rise 10% to 23% above that of 2010.