Post Tagged with: "2013"

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US: traffic death level reaches record low

US: traffic death level reaches record low

According to the US Department of Transportation, in 2013, on America’s motorways 32,719 people died in traffic accidents, but the figure is lower by more than 3% from the data recorded in 2012 and leads to an overall drop of 25% across the span of a decade. The latest figures […]

Aston Martin tones down 2013 loss

Aston Martin tones down 2013 loss

The luxury British sportscar maker Aston Martin, best known for the models that became trusty James Bond companions, has announced its pretax loss for 2013 went down by a third. The automaker – which unlike other niche manufactures lacks the backing of a large auto group – said its sales […]

Recall roundup: Kia Cadenza for wheel problem

Recall roundup: Kia Cadenza for wheel problem

The South Korean based automaker Kia has recently issued a recall for several Cadenza vehicles, because of a problem with their wheels, which may crack in cold weather. Kia has announced a recall for several Cadenza cars, because of a problem with the wheels. According to the National Highway Traffic […]

US dealerships sales rise but profits stay flat

US dealerships sales rise but profits stay flat

Although the recovery in the US auto market was thoroughly set throughout the industry, the country’s 17,665 new-car dealers saw their profits unchanged, due to increased competition. Across 2013, the earnings margins across the US dealerships remained the same as in 2012, at an average of 2.2%. The figure, according […]

Australia: Holden records record loss

Australia: Holden records record loss

As the local Australian unit of GM was recently announced to be scheduled for “termination”, Holden also announced it has recorded its biggest financial loss so far. For the 2013 calendar year, Holden managed to “achieve” a net loss after tax of $553.8 million, as huge one-off costs started to […]

Elon Musk gets less than $70,000 compensation from Tesla

Elon Musk gets less than $70,000 compensation from Tesla

Last year, billionaire entrepreneur and Tesla Motors cofounder saw its CEO position rewarded with only around $70,000 – in stark contrast to what he earned in 2012. The Palo Alto, California-based company that manufactures the luxury electric Model S sedan disclosed in a filling that its 42-year-old co-founder, Elon Musk, […]

McLaren turns profitable in 2013

McLaren turns profitable in 2013

The British McLaren Automotive, for the first time since it started its commercial offensive in 2009 has turned a small profit in 2013 – albeit a small one. Still, it now expects it to be between two to four times higher. While not revealing any numbers, the fact that all […]

Fiat reveals CEO Marchionne’s salary for 2013

Fiat reveals CEO Marchionne’s salary for 2013

After we brought you the news concerning the remuneration given by Chrysler Group LLC to Sergio Marchionne, who was previously CEO of both the US unit and its Fiat parent and now heads the company that reunited both, it’s time to see what Fiat gave him for the 2013 performance. […]

Ford’s CEO gets $13.8 million in stock for 2013 alone

Ford’s CEO gets $13.8 million in stock for 2013 alone

After Ford’s Chief Executive Officer Alan Mullaly settled the things regarding his reported departure at Microsoft by saying he’s still at Ford, things settled down and the automaker has decided to reward him for last year’s performance. In a US regulatory filling filed by Ford, we found out that Ford […]

Ferrari profit on the rise despite production cap

Ferrari profit on the rise despite production cap

Although the Italian supercar manufacturer decided to protect its exclusivity by intentionally reducing its car sales, as it expands into further sources of income, the company achieved in 2013 record revenues, profits and cash flow. Named for the second straight year by consultancy Brand Finance the world’s most powerful brand, […]