Category Archives: auto news

Mercedes-Benz to Increase Focus as a Luxury Car Company

Mercedes-Benz will change its product portfolio, allocating more than 75% of its investments to develop products for the most profitable market segments. As part of this strategy designed to please the capital markets, Mercedes-Benz aims to increase sales share of its Top-End vehicles by around 60% by 2026 compared to 2019. Like many auto companies it intends to achieve “higher quality growth and a further significant increase in profitability and resilience, striving for an operating margin target of approximately 14% by mid of the decade in favorable market conditions.” Continue reading

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Lamborghini Joining IMSA GTP LMDh in 2024

Since 2016, Lamborghini has posted 15 victories in the WeatherTech Championship GTD class, including consecutive wins at the Rolex 24 in 2018, ‘19 and ’20. Continue reading

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NHTSA Consumer Advisory – 2021 Expedition, Navigator Fires

“Until further notice, owners of these affected vehicles should not park them inside – they should only be parked outside and away from homes and other structures. Fires have occurred in vehicles that were parked and turned off. Continue reading

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Restricted Sale of Genesis GV60 EV Starts Today at $60,000

The GV60 will be offered in two packages in the United States. Initially, the 2023 Genesis GV60 will only be sold at some Genesis retailers in California, Connecticut, New Jersey, and New York. It is as much a biometric information sales experiment as it is a vehicle. Customer response will be worth watching. No range numbers were in the release? Continue reading

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A Closer Look at Biden’s 49 MPG CAFE Standard

The new Corporate Average Fuel Economy standards proposed by the Biden Administration# last month require an industry-wide fleet average of ~49 mpg for passenger cars and light trucks in model year 2026, the strongest fuel efficiency standards to date. On … Continue reading

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Mercedes-Benz USA – Stop Driving ML, GL, R-Class Vehicles

Mercedes-Benz AG has found that moisture may wick under a rubber sleeve installed around the brake booster housing. Following extended time in the field with significant water exposure, this safety defect could result in corrosion in the joint area of the brake booster housing, thus contributing to a vacuum leak at the brake booster. The brake force support might be reduced, leading to an increase in the brake pedal forces required to decelerate the vehicle and/or to a potentially increased stopping distance.In some cases it could be impossible to stop the vehicle with the brake pedal. Continue reading

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CBO – Taxpayer Cost is $31B for Troubled Asset Relief Program

To AutoInformed’s knowledge not one person at the firms responsible has been successfully prosecuted for what was rampant financial fraud that caused the housing and stock markets to collapse as the ratings agencies paid by the swindlers continued to claim the complex financial instruments issued were investment grade when they were indeed junk. Junk bonds – never has a financial instrument so honestly been named. Continue reading

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Ford India Shelves EV Manufacturing Export Plans

In an official response as Ford’s Annual Meeting was underway in the US, Ford India’s spokesperson confirmed and said, “After careful review, we have decided to no longer pursue EV manufacturing for exports from any Indian plant.” At the Annual Meeting Bill Ford and Jim Farley fielded tough questions about its EV strategy, splitting the company into two arms and ongoing supply chain and perennial guilty problems. Ford shares are down ~40% this year. (AutoInformed: Ford Motor Blues – Q1 Loss of $3.1 Billion; Ford Motor Structure Threatens Viability. Vast Reorg Coming) Continue reading

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