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Monthly Archives: October 2024
Annals of Marketing Rolls-Royce Phantom Goldfinger
Rolls-Royce Motor Cars today showed a one-of-one Phantom Extended that pays homage to the 1964 James Bond film, Goldfinger – one of twelve Rolls-Royce appearances in the 007 film franchise. Revealed in the film’s 60th anniversary year, it is said to be inspired by the 1937 Phantom III Sedanca de Ville owned by the eponymous villain, Auric Goldfinger. The British license plate ‘AU 1’, which graced the Goldfinger Phantom III in the film, has been secured.. This will remain with Phantom Goldfinger, which has now been delivered to” a significant Rolls-Royce client and collector based in England.” It’s a reference to the chemical symbol for gold on the periodic table of elements. Continue reading
Posted in auto news, design and styling, marketing, news analysis, shows and events
Tagged 1964 James Bond film Goldfinger, Auric Goldfinger Chris Brownridge, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Furka Pass, Ken Zino, Nick Rhodes, Rolls-Royce Motor Cars, X @KenAutoinformed
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Biden Administration Takes Another Step to Increase Jobs
The U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), announced today the closing of a $162.4 million loan guarantee to LongPath Technologies, Inc. (LongPath). The loan guarantee, sustained by President Biden’s Inflation Reduction Act, will help finance the construction and installation of more than 1000 remote monitoring towers as part of a real-time methane emissions monitoring network. The network will include sites in every major U.S. oil and gas production region, including those in California, Colorado, New Mexico, North Dakota, Oklahoma, Pennsylvania, Texas, and Wyoming. LongPath’s Active Emissions Overwatch System project aims to deploy large-area remote methane monitors to provide emissions detection, location, and quantification services for tens of thousands of oil and gas sites.
“Preventing harmful greenhouse emissions from entering our atmosphere is a key pillar of President Biden and Vice President Harris’ Investing in America agenda to improve public health while combatting climate change,” said U.S. Secretary of Energy Jennifer M. Granholm. “Today’s announcement underscores the Biden-Harris Administration’s continued efforts to create environmentally resilient communities and ensure the United States leads the world in deploying next-generation clean energy solutions.” Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden-Harris Administration, Ken Zino, LongPath Technologies, Secretary of Energy Jennifer M. Granholm, U.S. Department of Energy, U.S. Senator John Hickenlooper, X @KenAutoinformed
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Penske Automotive Group Buys Another Porsche Dealership
Penske Automotive Group (NYSE: PAG) said today that it has signed an agreement to acquire Porsche Centre Melbourne, located in Melbourne, Australia, from Porsche Retail Group Australia Pty Ltd. Upon completion of the acquisition, Porsche Centre Melbourne will expand the Company’s partnership with Porsche in Melbourne. The acquisition is expected to add $130 million in estimated annualized revenue, bringing the estimated annualized revenue for the three Porsche Dealerships in Melbourne to $260 million. The acquisition is subject to customary conditions and is expected to close by the end of this year. This will be 25th Porsche dealership that Penske owns globally.
“We are thrilled to extend our relationship with Porsche in Melbourne and are committed to providing exceptional service and innovative retail experiences that exceed our customers’ expectations,” said Penske Automotive Group Head of International Operations Randall Seymore. Continue reading
Posted in auto news, marketing, mobility company, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, NYSE: PAG, Porsche Centre Melbourne, Porsche Retail Group Australia Pty Ltd, Randall Seymore, X @KenAutoinformed
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Dodge Charger Daytona Cars to use Solid State Batteries
Stellantis N.V. (NYSE: STLA) and privately held Factorial Energy said today that their partnership to accelerate the development and deployment of next-generation electric vehicles (EVs) powered by Factorial’s solid-state battery technology* will begin with the launching of a demonstration fleet of all-new Dodge Charger Daytona vehicles based on the STLA Large platform incorporating solid-state batteries in 2026. Critics of solid state batteries maintain the thus far valid assertion that there is no clear path to mass production. Perhaps this will alter that perception at some pint in the future. But demonstration fleets are not mass production. Read AutoInformed.com on – Solid-State Cell Technology – All Hype No Production Way? Continue reading
Posted in connected vehicles, electric vehicles, energy, global warming, milestones, news analysis, software defined vehicles, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Factorial FEST® solid-state battery technology, Ken Zino, Ned Curic, Siyu Huang, Stellantis and Factorial, X @KenAutoinformed
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Volvo Cars Posts Q3 Profit of SEK 5.7 Billion off from 6.1B
“However, achieving these ambitions will not be straightforward since the weakness in the market has recently accelerated – a fact also echoed in revised industry forecasts for 2024 and 2025 by third-party analysts. Overall industry demand continues to soften and is now affecting the premium segment. Our journey towards 2026 will not be linear, as our industry is facing an increasingly volatile environment,” said Jim Rowan, chief executive for Volvo Cars. “Macroeconomic headwinds are intensifying, as is geopolitical complexity. Despite these challenges we demonstrated resilience during the third quarter of 2024, which is reflected in our overall financial performance.”
“Given this accelerating weakness in the market and Volvo Cars’ focus on safeguarding value over volume, the company expects minimal volume growth during the fourth quarter. As a result, it now anticipates full-year sales growth of 7-8%, instead of its earlier forecast of 12-15%,” Volvo said. Today Volvo Car AB closed at SEK 22.49, only 0.47% above its 52-week low of 22.38 set on 16 October 2024.
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Posted in auto news, economy, financial results, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Chinese EV trade war, Jim Rowan, Ken Zino, VOLCAR B:STO, Volvo Cars, Volvo Cars Q3 2024 earnings, X @KenAutoinformed
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Rolls-Royce 120th Anniversary – Claude Goodman Johnson
Rolls-Royce Motor Cars today in acknowledgement of the marque’s 120th anniversary in 2024 published an overview of the life and career of Claude Goodman Johnson, born 24 October 1864. Johnson was born in Buckinghamshire on 24 October 1864, one of seven children. From London’s St Paul’s School, Claude went to the Royal College of Art. Here, he met Sir Philip Cunliffe-Owen, Deputy General Superintendent of the South Kensington Museum (now the Victoria & Albert Museum), where Claude’s father worked. Through him, CJ secured his first job, as a clerk at the Imperial Institute (now Imperial College London). There, he was put to work arranging exhibitions.
“Johnson is celebrated as ‘the hyphen in Rolls-Royce’ but known to all simply as ‘CJ’. A natural showman with an unrivalled talent for generating publicity, he brought an extraordinary mix of skill, dedication and experience to his role as the company’s first Commercial Managing Director; a fascinating, larger-than-life character and a pivotal figure in the Rolls-Royce foundation story,” Rolls-Royce said. Continue reading
Posted in auto news, design and styling, marketing, milestones, mobility company, shows and events
Tagged Ambrose McEvoy, auto industry commentary, autoinformed.com, Automobile Club of Great Britain & Ireland, automotive blog, Automotive news and analysis, C.S. Rolls & Co, Charles Stewart Rolls, Charles Sykes, Henry Royce, Ken Zino, Le Bureau, Le Rossignol, Lord John Montagu, Phantom Scintilla Private Collection, Roads Made Easy, Silver Phantom, Spirit of Ecstasy, The Silver Ghost’, Villa Mimosa, X @KenAutoinformed
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BMW Group Plants Dingolfing, Regensburg Going Photovoltaic
BMW said today that Group Plants Dingolfing and Regensburg will obtain electricity generated from renewable energy directly from their own roofs. Dingolfing’s rooftop PV system, with a capacity of 11.1 MWp, will be one of the most powerful in Germany. To achieve this objective, the premium automotive manufacturer is renting roof space at its two plant sites in Eastern Bavaria to Sunrock Holding Deutschland GmbH, which will generate electricity using photovoltaics and make it available to the plants under direct supply contracts from 2025 onward.
“With this project, we are not only creating one of Germany’s biggest rooftop photovoltaic systems – we are also promoting the generation of renewable energy directly on site at BMW Group plant locations,” said Nicole Haft-Zboril, head of BMW Group Real Estate Management. Continue reading
Posted in auto news, electronics, energy, environment, global warming, manufacturing, milestones, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Georg Brenninkmeijer, Ken Zino, Nicole Haft-Zboril, photovoltaics, renewable energy, Sunrock Holding Deutschland GmbH, X @KenAutoinformed
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Annals of Marketing – Universal Pictures’ Wicked and Lexus
“As a proud partner of Universal’s ‘Wicked,’ Lexus is helping drive audiences to experience the film’s powerful and transformative magic this holiday season,” said Cynthia Tenhouse, vice president, Lexus marketing. “Offering three-row luxury, innovative technology, and plenty of cargo space for extra broomsticks, the Lexus TX is the perfect vehicle for travelers, wherever the road may take them.” Continue reading
Posted in auto news, marketing, shows and events
Tagged Ariana Grande, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Cynthia Tenhouse, Ethan Slater Jeff Goldblum, Hulu, Jon M. Chu, Jonathan Bailey, Ken Zino, lexus, Linear, Marissa Bode, Michelle Yeoh, Universal Pictures’ Wicked, Wicked, X @KenAutoinformed, youtube
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Hemlock Semiconductor to Open New Plant in Michigan
Governor Gretchen Whitmer of Michigan today confirmed that the Biden-Harris administration provided the proposed direct funding of $325 million to Michigan-based manufacturer Hemlock Semiconductor (HSC)*
“HSC is one of many Michigan-based companies that is helping us lead the future of advanced manufacturing. Thanks to the Biden-Harris administration’s bipartisan CHIPS and Science Act and the U.S. Department of Commerce, we are ensuring HSC’s global leadership in the powerful domestic supply chain to manufacture semiconductor chips needed for everything from computers and phones to AI applications. Together, we are strengthening national and economic security by ensuring supply chains, good-paying jobs, and cutting-edge investments are where they belong—here at home. Let’s build the future we all want—one where America leads,” said Whitmer. Continue reading
Posted in auto news, economy, electric vehicles, electronics, environment, manufacturing, milestones, news, news analysis, shows and events
Tagged AB Ghosh, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, CHIPS and Science Act, Gina Raimondo, Hemlock Semiconductor, Ken Zino, Michigan Governor Gretchen Whitmer, Michigan Infrastructure Office, semiconductor chips, X @KenAutoinformed, Zachary Kolodin
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IIHS – Lax Helmet Laws Kill More Than 20,000 Motorcyclists
More than 20,000 motorcyclists who died in crashes in the U.S. since the mid-1970s would have survived if stronger helmet laws had been in place, a new study from the Insurance Institute for Highway Safety shows. Briefly, If every state had required all riders to wear helmets from 1976 to 2022, a total of 22,058 motorcyclists’ lives could have been saved. The number represents 11% of all rider fatalities during those years.
“Requiring all riders to wear helmets is a commonsense rule not that different from requiring people in cars to buckle up,” said IIHS President David Harkey. “We have an obligation to protect everyone on our roadways through smart policy.” Continue reading →