Leery Of Recall Impact, General Motors Boosted June Sales With Late-month Discounts To Dealers | Fox Business
But buyers get low-interest financing and other incentives offered to new-car buyers, said the dealers, most of whom asked not to be identified for fear of reprisals from the company. "There was a heavy push on an incentive program that increased sales," one dealer said. "If they don't have the volume they want, they'll come out to the dealers." Mike Marone, chief operating officer of AutoNation Inc., the country's largest dealership chain, said AutoNation bought a small number of discounted vehicles for its loaner fleet. But he downplayed the impact on GM's numbers. "I don't think it's as big a deal as it may sound," he said. Marone and other dealers said other automakers also offer similar late-month discounts to boost sales. Some make the offers every few months. GM probably didn't need the incentives in July. Edmunds.com estimates that GM sales rose 10.6 percent, while industry sales gained 11.1 percent.
GM boosted June sales with discounts to dealers - Quincy Herald-Whig | Illinois & Missouri News, Sports
Before the month ended, many analysts predicted GM sales would fall at least 6 percent. The loaner program, he said, has helped boost GM's reputation for customer service. "That has been very important during the recalls that we have had, to be able to put customers into new GM vehicles and not have to force people into a Ford Focus," Cain said. Industry are expected to improve in July. Edmunds.com expects an 11.1 percent jump in total U.S. auto sales. When all the numbers are in late Friday, it may wind up being the industry's best July in eight years, Edmunds predicted. GM's stock price has dropped nearly 16 percent since the start of the year. It had been trading around $37 recently, but began falling last week as GM announced that recall costs had dramatically cut into earnings. The shares closed Thursday at $33.82.
Tiempo Calendar: Movies in the Canyon, San Elizario ghost tour, Meet the mascots - El Paso Times
AAM`s net sales in the first half of 2014 increased approximately 16.1% to $1.81 billion as compared to $1.56 billion in the first half of 2013. Non-GM sales in the first half of 2014 increased approximately 42.2% on a year-over-year basis to $585.9 million as compared to $411.9 million in the first half of 2013. AAM`s content-per-vehicle is measured by the dollar value of its product sales supporting our customers` North American light truck and SUV programs. In the second quarter of 2014, AAM`s content-per-vehicle increased 5.5% to $1,640 as compared to $1,554 in the second quarter of 2013. AAM`s gross profit in the second quarter of 2014 was $149.0 million, or 15.7% of sales, as compared to $122.2 million, or 15.3% of sales, in the second quarter of 2013. AAM`s gross profit for the first half of 2014 was $270.9 million as compared to $226.5 million in the first half of 2013. towing trucks for sale Gross margin was 15.0% in the first half of 2014 as compared to 14.6% in the first half of 2013. In the second quarter of 2014, AAM`s operating income increased nearly $26 million to $87.5 million, or 9.2% of sales, as compared to $61.7 million, or 7.7% of sales, in the second quarter of 2013. AAM`s operating income in the first half of 2014 was $152.3 million as compared to $106.4 million in the first half of 2013. Operating margin was 8.4% in the first half of 2014 as compared to 6.8% in the first half of 2013. AAM`s SG&A spending in the second quarter of 2014 was $61.5 million, or 6.5% of sales, as compared to $60.5 million, or 7.6% of sales, in the second quarter of 2013. AAM`s R&D spending in the second quarter of 2014 was $24.4 million as compared to $27.3 million in the second quarter of 2013. In the first half of 2014, AAM`s SG&A spending was $118.6 million as compared to $120.1 million in the first half of 2013. AAM`s R&D spending in the first half of 2014 was $50.2 million as compared to $55.8 million in the first half of 2013. In the second quarter of 2014, AAM`s net income was $52.2 million, or $0.67 per share as compared to $25.8 million, or $0.34 per share in the second quarter of 2013. AAM`s net income in the first half of 2014 was $85.8 million, or $1.11 per share as compared to $33.1 million, or $0.43 per share in the first half of 2013. AAM defines EBITDA to be earnings before interest, income taxes, depreciation and amortization. In the second quarter of 2014, AAM`s EBITDA increased over $34.3 million to $136.7 million, or 14.4% of sales, as compared to $102.4 million, or 12.8% of sales, in the second quarter of 2013. AAM defines free cash flow to be net cash provided by (used in) operating activities less capital expenditures net of proceeds from the sale of property, plant and equipment and the sale-leaseback of equipment.
AAM Reports Second Quarter 2014 Financial Results - Yahoo Finance
But this guy took brand seriously. I had also heard he had been a professional clarinetist, which was oddly reassuring. You get the sense from him that it is still as much of a passion project now as it was when he was roasting 5 lbs of beans in a garage in Oakland; that spirit remains, said Jessica Battilana, a former Tasting Table senior editor, who has covered the San Francisco beverage scene for nearly a decade. You meet him, and he doesnt seem like a pompous jerk, more like a quirky nerd whos made a go of something he really loves. Back at the grocery store, I hurried to the checkout, snatched a carton off the conveyor belt before it could be bagged and ran outside to try it. Fighting off my sons grabby hands, I managed to get the carton to my mouth and take a sip. I did not have to think. My tongue knew. It plugged my brain directly into the memories of all the other places Ive had this beautiful coffee: three alleyways, one converted electrical factory, the fanciest coffee shop in America, two farmers markets, the San Francisco Museum of Modern Art, and now, the sidewalk outside the market. This coffee was the real deal. Maybe not everyone will like it as much as I do (my wife thinks its too sweet). But right away, I sensed it was going to be huge.Blue Bottle was already making 10,000 cartons a week, even though theyd only rolled out in San Francisco, Los Angeles, and New York.
The Future of Iced Coffee - Yahoo Finance
moviesinthecanyon.com, elpasolive.com. Amir K: The stand-up comic will headline Aug. 1-3 at El Paso Comic Strip Comedy Club, 1201 Airway. Grant Cotter also will perform. Showtimes: 8:30 and 10:45 p.m. Aug. 2-3 ($12); and 7:30 p.m. Aug. 3 ($8).