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Monthly Archives: October 2019
BMW, Rolls Royce, Toyota Backup Camera Software Recall
BMW of North America is recalling 51 products totaling 257,473 vehicles because the back-up camera and display settings can be adjusted such that the rear-view image is no longer visible, and the system will retain that setting. Continue reading
Ford Motor Recalls 2019 Ranger Pickups for Fires
This safety defect recall affects 17,965 vehicles in the United States and federal territories and 1,544 in Canada. Vehicles were built at Michigan Assembly Plant, August and September 2019. Continue reading
Posted in recalls, safety
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, nhtsa, safety recalls
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Ghosn Shakeout is Ongoing as Thierry Bolloré, CEO Renault SA, is Fired by the Board of Directors
The Carlos Ghosn matter has turned into farce as investigations into Nissan and its JVs with Renault 0n corporate governance practices post Carlos Ghosn revealed layers of incompetence and/or malfeasance, as well as various degrees of criminal activity that are rarely observed in western corporations. Continue reading
CAR – Estimated Costs of the UAW-GM Strike are Low
CAR estimates the U.S. employment multiplier for UAW-GM jobs is 11.5.This means that when UAW-GM workers are at work producing vehicles, engines, transmissions, stampings, parts, and components, every UAW-GM job supports 10.5 other jobs in the U.S. economy, with 3.2 of those jobs in the production-focused U.S. supplier sector.
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Ford Motor Company Q4 Dividend Declared at 15 Cents
The Board of Directors of Ford Motor Company today declared a fourth quarter regular dividend of $0.15 per share on the company’s outstanding Class B and common stock. It is currently trading at ~$9.50 (7% yield), with a 52-week range of $7.41 – $10.56. Continue reading
Western European Passenger Car Sales Weak
The introduction of WLTP in September 2018 distorted the market in August and September last year, with a high base effect in August and a low base effect for September as it became clear that diesels were dirty and not meeting emission standards. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Kenneth Zino, lmc
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US Medical Uninsured Rate and Number Up from 2017
Healthcare of course is one of the key issues in the ongoing UAW GM strike. Continue reading
Ford Motor Issues Two Safety Recalls, Expands a Previous One
Ford Motor Company issued two safety recalls in North America yesterday and amended safety compliance recall 19C07 to expand the number of suspect vehicles. Continue reading
Posted in customer satisfaction, recalls, safety
Tagged auto industry commentary, autoinformed.com, automotive blog, Kenneth Zino, nhtsa
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FCA US Q3 Sales Flat at 565,000
FCA touted three sales records for the third quarter as buyer bought or leased premium technology and interior upgrades on heavy-duty trucks. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, fca, Kenneth Zino, sec, us auto sales
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Strike Crippled General Motors Q3 US Sales Up 6%
General Motors Co. (NYSE: GM) dealerships delivered 738,638 vehicles in the United States in the third quarter of 2019, an increase of 6.3% compared to the third quarter of 2018. GM’s fleet mix of total sales was 19.5 %, down 0.3%, year over year. End of September inventory was 759,633 units. Thus far the GM UAW strike has had little effect on sales. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, GM US Sales Q3, Kenneth Zino
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Q3 Ford Motor US Sales Continue Slump
Ford, as always, tried a positive spin claiming it was a transition year of its phasing out of cars – Focus, C-Max, Taurus – with a changeovers ongoing in the all new Explorer and Escape, which are undergoing complex launches that in our view are showing mixed results. The freshened Escape went on sale last week. The new platform Explorer launch is going slowly with hopes that sales will expand in Q4. How Ford ran out of inventory of Explorers is puzzling, However given the history we bet quality issues loomed large. But pay no attention to that man behind the curtain… Continue reading
Posted in news analysis, sales
Tagged auto industry commentary, autoinformed.com, Ford US sales, Kenneth Zino
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Amazon Selling Level 2 Electric Vehicle Home Chargers
The Electrify America Electric Vehicle Home Charger is compatible with all electric vehicles available in the North American market today. It has a charging power of up to 7.6kW – about 6 times faster than the typical Level 1 charger provided to some new EV owners, depending on vehicle make and model. Continue reading
Weak Chinese Retail Sales in August Delay Recovery
Chinese passenger production improved in August, with a drop of -0.7% to 1.66 mn units, recovering from the double-digit declines seen in recent months. LCV output fell by – 0.9% to 0.24 mn units. LV output was down by 0.8% YoY, on total build of 1.90 mn units. Now that vehicle stocks have been unwound, OEMs no longer are carrying bloated inventories and are preparing to resume normal production rhythms, says LMC. However, LMC decided to make a further cut to the passenger vehicle growth forecast for 2019, from -5.5% to -7.4%. This is bad news for the global economy in general and the Detroit Three. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Chinese Vehicle Sales, Kenneth Zino, lmc
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Ford Restructuring – Mahindra Joint Venture Announced
The joint venture will be responsible for expanding the Ford brand in India and exporting its products to Ford entities globally. Ford will continue to own the Ford brand, and its branded vehicles will be distributed through the current Ford India dealer network. Mahindra will continue to own the Mahindra brand and operate its own independent dealer network in India. Continue reading
Mercedes-AMG Petronas Motorsport Win Formula One Constructors’ Championship for Sixth Time in A Row
Lewis Hamilton (338 points) leads the Drivers’ Championship by 64 points from Valtteri Bottas (274 points) with Charles Leclerc of Ferrari (221) a further 53 points behind, giving only the two Mercedes drivers the chance to win the 2019 Drivers’ Title. Continue reading →