Reminder: The informational meeting for those who were picked in the overnight drive (VAP) program is today at 5:15 pm in the tour holding room. It is necessary for you to attend, if at all possible, to receive instructions and fill out the proper forms.
• April sales results were reported yesterday. Overall industry sales were up 19.8% over last year. GM sales rose 7.2%, but fleet sales were down 2%. Here are the van market results:
2010 2009 Change Share
Ford Econoline 10,167 8813 +15.4% 59.5%
GM 6,304 6490 - 2.9% 36.9%
M.B. Sprinter 600 --- --- 3.5%
Dodge Sprinter 20 287 - 93% .1%
Ford Transit 2,229 --- ---
Net field stock for the van declined 347 units to from March to stand at 10,654, or a 53 day supply. Pickups have a 90 day supply and full size SUVs have a 62 day supply.
• From Automotive News: Nissan recalled Infiniti G35 sedans and coupes because of faulty airbags that may not deploy during a crash, U.S. regulators said. The National Highway Traffic Safety Administration said as many as 134,215 G35 sedans from model years 2005-2006 and G35 coupes from model years 2005-2007 are subject to the recall. Nissan has yet to inform federal officials how the problem will be fixed, the agency said.
• From the Detroit News: GMAC Inc. reported net income of $162 million in the first three months of the year today -- its first profitable quarter since 2008. The company, which is 56.3 percent owned by the U.S. Treasury, will rename itself after its online banking arm next Monday as Ally Financial Inc. GMAC financed 34 percent of GM sales in the first quarter, up from 30 percent the prior three months, and 42 percent of Chrysler sales, up from 26 percent.
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