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Columbia, Illinois, United States

Columbia, Illinois, United States

Auto Services in Illinois

Xtreme City Motorsports ★★★★★

New Car Dealers
Address: 322 Saint Paul Blvd, West-Chicago
Phone: (630) 629-6244

Westchester Automotive Repair Inc ★★★★★

Auto Repair & Service, Automobile Parts & Supplies, Automobile Air Conditioning Equipment
Address: 10129 W Roosevelt Rd, Northlake
Phone: (708) 865-0103

Warson Auto Plaza ★★★★★

New Car Dealers, Used Car Dealers
Address: 10660 Page Ave, Brooklyn
Phone: (314) 429-1900

Voegtle`s Auto Service Inc ★★★★★

Auto Repair & Service, Automobile Parts & Supplies, Mufflers & Exhaust Systems
Address: 28 W 224 Warrenville Road, Northwoods
Phone: (630) 393-1436

Thom`s Four Wheel & Auto Svc ★★★★★

Auto Repair & Service, Automobile Parts & Supplies, Brake Repair
Address: 4118 N Pulaski Rd, Brookfield
Phone: (773) 577-5701

Thomas Toyota ★★★★★

New Car Dealers, Used Car Dealers, Auto Appraisers
Address: 1421 N Larkin Ave, Seward
Phone: (815) 744-2760

Auto blog

Fiat board makes Chrysler merger official, approves $5.4B bond sale

Mon, 16 Jun 2014

Fiat's board of directors has officially approved the merger plan that will see the conglomerate's automotive operations merged with Chrysler into the new Fiat Chrysler Automobiles.
The plan essentially provides a road map for the structure of the new company. It includes provisions for Fiat shareholders - one Fiat share will translate to one share of FCA common stock. The new company will also include a loyalty voting structure, which will provide for shareholders of Fiat stock or those that have held FCA stock for at least three years. According to the plan, these shareholders would see their voting power double, with two votes for every share of FCA's common stock. The overall merger plan still needs to be approved by the company's shareholders.
In other Fiat-related news, the company's board has announced a bond issuance of four billion euro ($5.4 billion). The new bonds should provide the company with a degree of flexibility in refinancing debts associated with the merger plan.

Rising aluminum costs cut into Ford's profit

Wed, Jan 24 2018

When Ford reports fourth-quarter results on Wednesday afternoon, it is expected to fret that rising metals costs have cut into profits, even as rivals say they have the problem under control. Aluminum prices have risen 20 percent in the last year and nearly 11 percent since Dec. 11. Steel prices have risen just over 9 percent in the last year. Ford uses more aluminum in its vehicles than its rivals. Aluminum is lighter but far more expensive than steel, closing at $2,229 per tonne on Tuesday. U.S. steel futures closed at $677 per ton (0.91 metric tonnes). Republican U.S. President Donald Trump's administration is weighing whether to impose tariffs on imported steel and aluminum, which could push prices even higher. Ford gave a disappointing earnings estimate for 2017 and 2018 last week, saying the higher costs for steel, aluminum and other metals, as well as currency volatility, could cost the company $1.6 billion in 2018. Ford shares took a dive after the announcement. Ford Chief Financial Officer Bob Shanks told analysts at a conference in Detroit last week that while the company benefited from low commodity prices in 2016, rising steel prices were now the main cause of higher costs, followed by aluminum. Shanks said the automaker at times relies on foreign currencies as a "natural hedge" for some commodities but those are now going in the opposite direction, so they are not working. A Ford spokesman added that the automaker also uses a mix of contracts, hedges and indexed buying. Industry analysts point to the spike in aluminum versus steel prices as a plausible reason for Ford's problems, especially since it uses far more of the expensive metal than other major automakers. "When you look at Ford in the context of the other automakers, aluminum drives a lot of their volume and I think that is the cause" of their rising costs, said Jeff Schuster, senior vice president of forecasting at auto consultancy LMC Automotive. Other major automakers say rising commodity costs are not much of a problem. At last week's Detroit auto show, Fiat Chrysler Automobiles NV's Chief Executive Officer Sergio Marchionne reiterated its earnings guidance for 2018 and held forth on a number of topics, but did not mention metals prices. General Motors Co gave a well-received profit outlook last week and did not mention the subject. "We view changes in raw material costs as something that is manageable," a GM spokesman said in an email.

Fiat and PSA predicted to be Europe's biggest losers in 2013

Thu, 17 Jan 2013

Industry observers are expecting Europe's new vehicle sales to fall to lows not seen in decades, with Fiat and PSA/Peugeot-Citroën sitting in the lead car of the plummeting coaster. Both of those automakers traditionally count on the southern part of the continent for sales, yet consumers in that region have slowed spending due to the financial crisis.
Compounding the problem for Fiat is a lack of new product, as CEO Sergio Marchionne has stalled development to conserve cash during the downturn. PSA has invested in new vehicles, but aggressive price wars have forced it to sell its product with steep discounts. Making matters even more difficult, both companies may have their credit ratings cut this year. That would raise borrowing costs and only deepen the wounds.
The news isn't just bad for Fiat and PSA. Analysts are predicting that volume automakers in Europe lost 8 billion euros (about $10.68 billion in today's rates) overall in 2012, and they won't break even until mid-decade.