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Monthly Archives: March 2020
Daimler Postpones Annual Shareholders’ Meeting
Daimler said in a statement just issued that the worldwide spread of the coronavirus ( aka COVID-19 or SARS-CoV-2) as well as The Robert Koch Institute and the responsible health authorities in Germany are assuming that the number of infections will increase significantly in the coming weeks. Continue reading
NASCAR Ends Denial of COVID-19 Pandemic
NASCAR has finally decided to postpone the race events at Atlanta Motor Speedway this weekend and Homestead-Miami Speedway next weekend. Continue reading
COVID-19: Globally – Ford Motor Employees to Work Remotely
“In recent days, though, we concluded the issue has taken on a different dimension,” said Ford, “ and (we )are continuing to act in real time to keep our people safe and help limit the spread of the virus in communities where we live and work… Continue reading
Volkswagen Condemns USWNT Exploitation of Women
USSF President Carlos Cordeiro’s weak and mild expression of regret on Wednesday night came after The Coca-Cola Co. lambasted the federation for supporting lesser pay for its female stars. Coca-Cola called the federation’s assertion in documents filed earlier this week “unacceptable and offensive.” Continue reading
National Debt Projections – Off the Chart Before COVID-19
Debt held by the public is a measure that indicates the extent to which federal borrowing affects the availability of private funds for other borrowers. All else being equal, an increase in government borrowing reduces the amount of money available to other borrowers, putting upward pressure on interest rates and reducing private investment. It is the measure of debt most often used by CBO in its reports on the budget. The cost of growing debt increases the finance payments of new and used vehicles. Continue reading
Posted in economy, financial results, results
Tagged auto industry commentary, autoinformed.com, cbo, Kenneth Zino, Tax Cut Deficit, US National Debt
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IMSA Delays Twelve Hours of Sebring to November 2020
Notably, IMSA said nothing about the growing public health crisis and its potential dire effects on fans. IMSA is owned by NASCAR, which has just banned fans from races. Continue reading
Posted in economy, environment, people, racing
Tagged auto industry commentary, autoinformed.com, COVID-19, IMSA Sebring, Kenneth Zino
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NASCAR Bans Fans at Races
Just a day after insisting that it would hold racing as usual with slight tweaks to protect the drivers from COVID-19, NASCAR has admitted partially that more steps are necessary to acknowledges the growing crisis and public health threat. Continue reading
Coronavirus Disease 2019 (COVID-19) in the US
CDC is recording an outbreak of respiratory illness caused by a novel (new) coronavirus, aka COVID-19. The Data are at least one day old and note comprehensive. Continue reading
Posted in customer satisfaction, economy, news analysis, people
Tagged auto industry commentary, autoinformed.com, COVID-19, Kenneth Zino
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NASCAR Still Racing So Far, Buffers and Restrictions Added
NASCAR has added an infectious disease specialist to its consulting physician group to provide technical assistance and to inform policy. In following with these discussions and guidance from this counsel, NASCAR is implementing several adjustments to race event operations effective this weekend at Atlanta and remaining in effect indefinitely. Continue reading
COVID-19: Fiat Chrysler Starts Work from Home, Distances Workers, Prepares for Possible Temporary Factory Shut Downs
Beyond the measures already taken in support of government directives, FCA said it will act to minimize the risk of spreading the contagion between employees. These include intensive sanitation of all work and rest areas, changing rooms and washrooms. To enable greater spacing of employees at their workstations, daily production rates will be lowered to accommodate the adapted manufacturing processes. Continue reading
Posted in manufacturing, news analysis, people
Tagged auto industry commentary, autoinformed.com, FCA and COVID-19, Kenneth Zino
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Ford Recalls a Recall on 2019 Ranger Pickup for Fires
Ford Motor Company today is issuing a safety recall for 2019 Ford Ranger vehicles that were previously recalled as the company’s quality woes continue. Continue reading
Czinger Unveils 21C in London
Named because it’s designed, built and manufactured for the 21st century, the new 21C hypercar uses Czinger’s technology to engineer each component’s design, performance and weight. Continue reading
FAA Helping Airlines on COVID-19 Cancellations
The FAA is waiving the 80% use requirement through 31 May 2020 for U.S. and foreign airlines that have affected flights. In doing so, the FAA “expects that U.S. carriers will be accommodated with reciprocal relief by foreign authorities at airports in their countries and may determine not to grant a waiver to a foreign carrier whose home jurisdiction does not reciprocate.” Continue reading
COVID-19 Chaos as LMC Automotive Cuts Global Light Vehicle Sales Forecast by 3.7 Million Units
Whether you believe there is a public overreaction or that COVID-19 is actually a public health crisis headed for pandemic status, there is no denying the expected negative impact it will have on the economy and auto industry. Continue reading
Porsche Proposes 41% Dividend Rise at May Annual Meeting
The increase in Porsche SE’s proposed dividend is disproportionately higher than the increase in result. This growth come from the dividend proposal of Volkswagen AG, which increased the payout rate to 24.5%, after 20.4% in the prior year. Continue reading →