Posted on 20 November 2024 by Ken Zino
Ken Zino of AutoInformed.com on Stellantis Bets the Company on STLA Frame

Click for more.

Stellantis (NYSE: STLA) has debuted a new multi-energy Platform: dubbed STLA Frame. Purposely designed for full-size, body-on-frame trucks and SUVs, STLA Frame can use internal combustion, hybrid, hydrogen, battery electric (BEV) and range-extender electric vehicle (REEV) technologies. In short, struggling Stellantis’ future is dependent on this new architecture. (read AutoInformed.com on: Beleaguered Stellantis Cuts 2024 Financial Guidance, and Stellantis Q3 2024 – Shipments and Revenues Plunge)*

“Like STLA Medium and STLA Large, STLA Frame combines an unprecedented range with new levels of capability and performance to offer best-in-class range, payload and towing for our customers who need reliable and powerful trucks and SUVs, to haul their families or power their businesses,” said Stellantis CEO Carlos Tavares. “With full EV and extended-range EV tech coming soon, we’re bringing ‘no compromise’ solutions to buyers who may be hesitant on trying their first electric vehicle. We’re proud of this engineering marvel and look forward to seeing it come to life in our upcoming product blitz on Jeep and Ram.” Continue reading →

Tweet
Pin Share
Posted in auto news, electronics, engineering, fuel economy or emissions, global warming, manufacturing, marketing, milestones, mobility company, news analysis, shows and events | Tagged , , , , , , , , , , | Leave a comment

Large European Job Cuts Coming at Ford, Again

Posted on 20 November 2024 by Ken Zino
Ken Zino of AutoInformed.com on Large European Job Cuts Coming at Ford, Again

Click for more.

Ford Motor Company (NYSE: F) announced today its restructuring plans to create a badly needed more “cost-competitive structure.” The main focus is the health of Ford’s passenger vehicle business in Europe, where it incurred significant losses for years. Ford is also lagging in the European shift to electrified vehicles, and new competition – especially Chinese – has been highly disruptive. Through Q3 of 2024, Ford sales are down ~18% in Europe.

 “Ford has been in Europe for more than 100 years. We are proud of our new product portfolio for Europe and committed to building a thriving business in Europe for generations to come,” said Dave Johnston, Ford’s European vice president for Transformation and Partnerships. Continue reading →

Tweet
Pin Share
Posted in auto news, economy, environment, labor issues, manufacturing, milestones, mobility company, news analysis, people | Tagged , , , , , , , , | Leave a comment

Lexus, Honda Top 2025 U.S. ALG Residual Values

Posted on 19 November 2024 by Ken Zino
Ken Zino of AutoInformed.com on Lexus, Honda Top 2025 U.S. ALG Residual Values

Click to enlarge.

For a fourth consecutive year, Lexus and Honda receive the award for best premium brand and mass market brand, according to  the J.D. Power 2025 U.S. ALG Residual Value Awards,SM released today. Lexus received the most model-level awards with five, followed by Toyota with four (read AutoInformed.com on: Honda, Lexus at Top of ALG Residual Value Awards).

“Honda stayed disciplined with pricing in 2024, avoiding the aggressive manufacturer’s suggested retail price (MSRP) increases that diminished affordability at other brands, while Lexus’ restraint with incentives paid dividends, as incentives have a direct negative effect on the resale values of older models,” said Danny Battaglia, managing director of ALG customer success at J.D. Power. “Additionally, the top brands consistently employ a balanced strategy with regard to trim levels, powertrains and pricing, which helps bolster residual performance and long-term value for consumers who are shopping in a highly competitive market.” Continue reading →

Tweet
Pin Share
Posted in auto news, financial results, news analysis, results | Tagged , , , , , , , | Leave a comment

Pablo Di Si Out at VW Group of America

Posted on 19 November 2024 by Ken Zino
Ken Zino of AutoInformed.com on Pablo Di Si Out at VW Group of America

Click for more.

The Volkswagen Group said today that Kjell Gruner will be CEO of Volkswagen Group of America effective December 12. Gruner succeeds Pablo Di Si, “who has stepped down from his position on his own request.” It was a short two year stint for Di Si. Until Kjell Gruner* takes office, Gerrit Spengler, the chief human resources officer of Volkswagen Group of America, will perform the function of interim CEO. So car guy out, Human Resources in.

Yes, that’s right Human Resources is running a car company. It’s just the latest example of the chaos at VW globally as three plants are shutting in Germany and VW and Audi models are being dumped, and its plan to sell Scout vehicles directly is legally under attack by dealers. During the first nine months of the year, 769,000 vehicles were delivered in North America, an increase of more than 7% compared to the previous year. In the main US market though, the Volkswagen Group grew by only 1.5%. Continue reading →

Tweet
Pin Share
Posted in auto news, mobility company, news analysis, people | Tagged , , , , , , , , | Leave a comment

DOJ – Cruise Deferred Prosecution for Pedestrian Crash

Posted on 19 November 2024 by Ken Zino
Ken Zino of AutoInformed.com on Ken Zino of AutoInformed.com on Circus Time - Cruise AV Collision with San Francisco Fire Truck

Click for more.

GM’s Cruise autonomous vehicle company* based in San Francisco, fixed a criminal charge in federal court for providing a false record to National Highway Traffic Safety Administration (NHTSA) with the intent to impede, obstruct, or influence the investigation of a crash involving one of Cruise’s autonomous vehicles. Cruise agreed to resolve the charge through a deferred prosecution agreement and payment of a $500,000 criminal fine.

“Federal laws and regulations are in place to protect public safety on our roads. Companies with self-driving cars that seek to share our roads and crosswalks must be fully truthful in their reports to their regulators,” said Martha Boersch, Chief of the Office of the U.S. Attorney’s Criminal Division. Continue reading →

Tweet
Pin Share
Posted in auto news, autonomous vehicles, connected vehicles, litigation, mobility company, news analysis, quality, safety, software defined vehicles, software defined vehicles | Tagged , , , , , , , , , , | Leave a comment

Toyota Huntsville Finishes 168-acre Solar Array

Posted on 19 November 2024 by Ken Zino
Ken Zino of AutoInformed.com on Toyota Huntsville Finishes 168-acre Solar Array

Click for more Sunshine.

Toyota (NYSE: TM) and Toyota Tsusho America (TAI) and Huntsville Utilities have completed 168-acre solar project. The renewable energy produced will generate ~70 % of Toyota Alabama’s total energy. It is in keeping with the automaker’s goal of achieving carbon neutrality at all of its North American facilities by 2035. In total, the array will generate approximately 62,000 megawatt hours of energy annually, reducing an estimated 22,000 metric tons of CO2 emissions per year.

“Toyota is committed to clean and sustainable power. We know that the collective future for our community and our team members depends on clean mobility, clean air, clean water, and biodiversity,” said Jason Puckett, president of Toyota Motor Manufacturing, Alabama. “We are thankful for our partners on this project who have created a model of environmental stewardship in North Alabama.” Continue reading →

Tweet
Pin Share
Posted in alternative fuels, auto news, energy, environment, global warming, manufacturing, milestones, news analysis, public health, shows and events | Tagged , , , , , , , , , | Leave a comment

October Global Light Vehicle Sales Rate at 93 Million

Posted on 18 November 2024 by Ken Zino

The Global Light Vehicle (LV) selling rate for October stood at 93 million units/year, according to an analysis released today by the respected GlobalData consultancy.* Year-over-Year, market volumes rebounded from the previous months’ downward trend. YoY sales were up 6% versus October 2023. However, Year-to-Date sales have a modest increase of 1% compared to the same period last year.

“In October, sales experienced a resurgence across most regions. Sales in China grew 5% YoY, as the domestic market saw a modest recovery driven by subsidies and the ongoing price war. In the US, sales grew nearly 12% for the month, driven by additional selling days and new model releases. Finally, sales in Western Europe remained broadly flat, as the region continues to experience significant political and economic headwinds,” the GlobalData forecast team said. Continue reading →

Tweet
Pin Share
Posted in auto news, manufacturing, marketing, news analysis, results, sales | Tagged , , , , , , , | Leave a comment

On Sale? New Vehicle Incentives Rise in October

Posted on 15 November 2024 by Ken Zino
Ken Zino of AutoInformed.com - On Sale? New Vehicle Incentive Rise in October

Click for more sales.

Kelley Blue Book data reported today shows that the average transaction price (ATP) for a new vehicle in the U.S. was $48,623 in October, up from September and higher than year-ago levels. Incentives increased again as many automakers try to clear their inventory. The electric vehicle ATP dropped month-over-month, but was higher year over year, with incentives at their highest level this year.

“’Tis the season for automakers to make their final push for 2024 sales,” said Cox Automotive Executive Analyst Erin Keating. “While some automakers focus on managing production, many will likely maintain or even increase their seasonal incentives to attract buyers. With competition intensifying, these strategies will be crucial in maintaining market share and driving end-of-year sales. Our team is generally optimistic for new-vehicle sales to close out the year – extra incentives will certainly help.” Continue reading →

Tweet
Pin Share
Posted in auto news, marketing, news analysis, prices | Tagged , , , , , , , , | Leave a comment

Vast Executive Reorganization at Hyundai Group

Posted on 15 November 2024 by Ken Zino

Hyundai Motor Group today announced executive appointments for the year 2024 as part of efforts to solidify sustainable growth and prepare for uncertainties in the global business environment. A key appointment sees Jaehoon Chang is promoted to Vice Chair of Hyundai Motor Group, Automotive Division, to advance value chain innovation in automotive business, optimize business operation, and maximize synergies between parties within the Group.

The appointments reflects its commitment to a performance-based approach that aligns with outstanding achievements. By consolidating the Group’s core competencies and strategically placing proven leaders with verified track records in key positions, the Group aims to strengthen organizational foundations and accelerate our future transformation,” Hyundai said in a unevenly translated version of the release. Continue reading →

Tweet
Pin Share
Posted in news analysis | Tagged , , , , , , , , , , , , , , | Leave a comment

National Recycling Plan Advancing Circular Economy

Posted on 15 November 2024 by Ken Zino

The U.S. Environmental Protection Agency today said its “National Recycling Strategy” is advancing through implementation of the Bipartisan Infrastructure Law.* EPA is central to the Biden-Harris administration’s efforts to build a circular economy thereby creating jobs and helping the environment.

“President Biden’s commitment to upgrading our nation’s recycling infrastructure has supported local economies, created good-paying American jobs, and provided stronger public health protections for communities across our nation,” said EPA Administrator Michael S. Regan. “As we celebrate America Recycles Day, let us remember that recycling is a simple and effective way to make a difference.” Continue reading →

Tweet
Pin Share
Posted in economy, environment, news, news analysis, public health, shows and events | Tagged , , , , , , , , , , | Leave a comment

First Look New 2025 Acura ADX Compact SUV

Posted on 14 November 2024 by Ken Zino

Click for more.

Acura today unveiled the  Acura ADX, an all-new premium compact SUV. It’s targeting young buyers to the performance brand with ”an engaging driving experience, a feature-rich interior and top-class cabin and cargo space that supports their active lifestyles.” The new ADX will begin arriving at Acura dealers in early 2025 with a price range starting in the mid-$30,000 range at a time when performance is losing its appeal to younger shoppers, who are viewing car buying as a mathematical equation with lower prices winning.

“The all-new Acura ADX is an exciting new gateway model for the Acura brand expanding our performance SUV lineup to four exceptional models in the most popular segments,” said Mike Langel, assistant vice president, Acura National Sales. “ADX will hit the heart of the premium compact SUV segment, which has grown significantly over the past few years.” Continue reading →

Tweet
Pin Share
Posted in auto news, marketing, new vehicle, news analysis, performance | Tagged , , , , , , , | Leave a comment

Chinese EV Trade Wars Hits Volvo Cars

Posted on 14 November 2024 by Ken Zino

Volvo Cars (VOLCAR B:STO) today announced the selling of its 30% stake in Lynk & Co to Zeekr, a transaction representing a consideration of RMB 5.4 billion (~ SEK 8 billion). The transaction will be paid in cash, with 70% of the amount paid at closing, and 30% plus interest paid one year after closing. The transaction is expected to close during the first quarter of 2025. Volvo Cars is currently trading near its all time low.

The transaction involves Volvo Cars (China) Investment Co., Ltd, an indirect subsidiary of Volvo Car AB, selling its share in Lynk & Co Automotive Technology Co., Ltd to Zhejiang Zeekr Intelligent Technology Co., Ltd, an indirect subsidiary of Zeekr Intelligent Technology Holding Limited. Continue reading →

Tweet
Pin Share
Posted in auto news, electric vehicles, financial results, news analysis, results, shows and events | Tagged , , , , , , , , , , , , , | Leave a comment

NHTSA Fines Ford $165M for Flouting Recall Law

Posted on 14 November 2024 by Ken Zino

The National Highway Traffic Safety Administration today announced a consent order with Ford Motor Company for failing to comply with federal recall requirements. The consent order includes a civil penalty of $165 million, the second-largest civil penalty in NHTSA’s history after the Takata airbag fiasco and the Takata airbag consent order.

“Timely and accurate recalls are critical to keeping everyone safe on our roads,” NHTSA Deputy Administrator Sophie Shulman said. “NHTSA is committed to ensuring manufacturers comply with the laws designed to keep our roads safe. When manufacturers fail to prioritize the safety of the American public and meet their obligations under federal law, NHTSA will hold them accountable.” Continue reading →

Tweet
Pin Share
Posted in auto news, electronics, engineering, milestones, news analysis, quality, recalls, safety | Tagged , , , , , , , , , , , | Leave a comment

NLRB Rules Against Anti-Union Captive-Audience Meetings

Posted on 13 November 2024 by Ken Zino
Ken Zino of AutoInformed.com on NLRB

A victory for workers.

The National Labor Relations Board today issued a decision in Amazon.com Services LLC, ruling that an employer violates the National Labor Relations Act by requiring employees under threat of discipline or discharge to attend meetings in which the employer expresses its views on unionization. Members Prouty and Wilcox joined Chairman McFerran in issuing the decision. Member Kaplan – a Trump appointee – dissented.

“Ensuring that workers can make a truly free choice about whether they want union representation is one of the fundamental goals of the National Labor Relations Act. Captive audience meetings—which give employers near-unfettered freedom to force their message about unionization on workers under threat of discipline or discharge—undermine this important goal,” said Chairman Lauren McFerran. Continue reading →

Tweet
Pin Share
Posted in labor issues, litigation, news analysis, people, shows and events | Tagged , , , , , , , , , , , , | Leave a comment

GM Recall for Wheel Lockup on Diesel Pickups and SUVs

Posted on 13 November 2024 by Ken Zino
AutoInformed.com on Cadillac Escalade 2021 Model

 Click for more.

General Motors (NYSE: GM) is recalling ~462,000 pickup trucks and large SUVs with diesel engines because the rear wheels can lock, increasing the risk of a crash, according to a required recall report (24V797) made public today by the National Highway Traffic Safety Administration. The huge U.S. safety defect recall covers 2020-2022 model year Chevrolet Silverado and GMC Sierra 1500, 2500 and 3500 pickups, as well as the 2021 Cadillac Escalade, GMC Yukon, Chevrolet Tahoe and Suburban.

“A transmission control valve in some of these vehicles may be susceptible to excess wear over time, resulting in a gradual loss of pressure within the valve that can cause harsh shifting. In rare cases, the rear wheels may experience a momentary lock up,” GM said. “Excessive wear within the transmission control valve body can cause a fluid leak leading to a pressure drop that causes certain valves to move unexpectedly,” GM said. Continue reading →

Tweet
Pin Share
Posted in customer satisfaction, news analysis, quality, recalls, safety, software recalls | Tagged , , , , , , , , , , , | Leave a comment