June 2016

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The Locator Magazine

GM Doubles Its First Quarter Earnings From 2015

General Motors Co. (GM) recently announced to stockholders that its first-quarter net income doubled from one year ago, citing growth in the United States, Europe and China. The company released that its income was $2.0 billion or $1.24 per diluted share in the first quarter of 2016, compared to $0.9 billion or $0.56 per diluted share in the first quarter of 2015.

Ford Recycles Enough Aluminum To Build 30,000 F-150 Bodies Every Month

The automaker stated that it recycles as much as 20 million pounds of aluminum stamping scrap per month using the closed-loop system at Dearborn Truck Plant, which builds F-150. That is the equivalent of more than 30,000 F-150 bodies in the largest configuration - a SuperCrew body including doors, plus hood, tailgate and 6.5-foot cargo box.

Auto Recyclers Call To Eliminate Asbestos Brake Pads

The Automotive Recyclers of Canada (ARC) is adding its support to a call for federal policies to effectively eliminate the import and use of asbestos in Canada due to the health risks associated with recycling end-of-life vehicles (ELV) with asbestos-containing parts.

Nearly 400,000 Reservations Made For Tesla Model 3

The Tesla Model 3 could soon be a fixture on American roads. The company announced that it received more than 325,000 $1,000 reservations, worldwide, for the affordable model just in the first week reservations were available, corresponding to about $14 billion in implied future sales.

Coming Soon To A Body Shop Near You …

Just like big summer blockbusters lead to big holiday DVD sales, first quarter car sales give a glimpse as to what collision and mechanical repairers, and auto recyclers, will see in their shops and facilities later this year.
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