Porsche Supercup Remains Formula 1® Support Series

Ken Zino of AutoInformed.com on Porsche Supercup Remains Formula 1® Support Series

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During 2023 the Porsche Mobil 1 Supercup will be part of eight European Formula 1® races, the Stuttgart based maker of SUVs, sedans and sports cars said today. Individual rounds of the Porsche Carrera Cup Japan and Porsche Carrera Cup Asia also continue as part of the Formula 1® support program. The series has been on the FIA Formula One World Championship™ calendar for three decades.

Both parties have extended the agreement for eight years until 2030. For the 2023 season, the international one-make cup will use the  375 kW (510 PS or 503 horsepower) Porsche 911. During the eight races of the 2022 Porsche Mobil 1 Supercup, 28 registered competitors and 25 guest drivers competed.
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Mercedes-Benz First Automaker Issuing Green Panda Bonds

Mercedes-Benz International Finance issued in the Chinese Interbank Bond Market its first Green Panda Bond yesterday, 24 November 2022, in the amount of RMB 500 million (~€68 million). The term was two years with an annual coupon rate of 2.9%.

A so-called green bond is a fixed-income financial instrument used to support climate-related or environmental projects. They may or not be tax free. The Green Panda Bond further reflects what Daimler said is the openness and innovation of the Chinese capital market in ESG sectors. Continue reading

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EU Commercial Vehicle Registrations -8.5% in October

Ken Zino of AutoInformed.com on EU Commercial Vehicle Registrations -8.5% in October.

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In a demonstration of  the murky answer to the question “is the ongoing European-recession glass half-empty or half-full?”, ACEA* said today that the EU market for new commercial vehicles continued to scuffle, declining for the sixteenth month in a row at -8.5% vehicles.

However, year-to-date registrations of new commercial vehicles across the European Union contracted by 16.8% to 1.3 million units. So things are improving somewhat since the rate of decline is decreasing. Moreover, the truck and bus segments performed better than in October 2021. Continue reading

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Stellantis Overhauling European Dealer Network in 2023

Ken Zino of AutoInformed.com on Jeep Avenger EV Debuts in Paris

Jeep sales in Europe will be a challenge. Click for more info.

Stellantis (NYSE / MTA / Euronext Paris: STLA) said today in Amsterdam once again that it aspires to be first in customer satisfaction in all markets, products and services.

Environmental and regulatory changes, of course, are now increasingly affecting the auto industry’s long-standing distribution model with the inevitable electrification of product lines the prime mover in the need to maintain customers and their satisfaction – while complying with evolving law and shareholder expectations. Continue reading

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November US New Vehicle Sales Forecast Record Consumer Spending of $42.8B. Global Sales Good, but Fluid

Retail sales of new vehicles this month are expected to reach 933,400, a 0.3% decrease from November 2021, according to a joint forecast from J.D. Power and LMC Automotive just released. November 2022 has one additional selling day than November 2021. Comparing the same sales volume without adjusting for the number of selling days translates to an increase of 3.8% from 2021.

New-vehicle transaction prices continue to rise, but slower than earlier this year. The average price in November will set a record for the month of $45,872, an increase of 3.1% from a year ago. The record transaction prices mean that buyers are predicted to spend nearly $42.8 billion on new vehicles this month, the highest level ever for the month of November and a 7.0% increase from November 2021 as the Biden Administration recovery continues. Continue reading

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Hypercar Hype – Praga Bohema Prototype Shown

Ken Zino of AutoInformed.com on Hypercar Hype – Praga Bohema Prototype Shown. Photo courtesy of Praga.

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Praga has revealed its all-new road-legal hypercar in pre-production prototype form.

The high-performance, low-volume Praga Bohema is a ~2204 pound, mid-engine, 700-horsepower two-seater that is said to be capable of extreme high performance on a track targeting GT3 race car lap times on its semi-slick Pirelli Trofeo tires and a body that provides 1984 pounds of downforce at 155 mph. Top speed is just over 186 mph. Continue reading

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Ford Recalls 2021-22 F-150s for Wiper Motor Failures Again

Ford Motor Company’s (NYSE: F) quality struggles continue as NHTSA today said that the Blue Oval is recalling more than 453,000 F-Series pickup trucks , Ford’s most popular vehicle in the US. The front windshield wiper motor may become inoperative, causing the wipers to fail. Trico Componentes in Mexico made the defective motor.

Some of the vehicles recalled were previously recalled for the same problem. NHTSA appears to have played a strong part in the latest recall because of complaints from people to NHTSA.* The newest NHTSA recall Campaign Number is 22V842000.
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