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Recent Posts
- Honda Post Record Operating Profit of $7B in FY 24
- Toyota Motor Posts Record FY24 Net Income of $39.1B
- Nissan Motor Posts FY Net Profit of $2.7 billion
- Hyundai Capital America Fined for Civil Rights Violations
- BMW Group – Good Q1 Earnings on Slight Sales Increase
- Greenhouse Gases – EPA Final Rule for Oil and Gas Sector
- Annals of Marketing – Audi Electric Mountain Bike
- Ford Maverick Pickups Recalled for Tail Light Failures
- The 2025 Genesis SUV – $57,700 to $79,300
- The April 2024 U.S. Jobs Report – is Stable Good?
- April 2024 US Vehicle Sales Drop Slightly
- Mercedes-Benz Q1 2024 Profit Drops 25% as Sales Slump
- Penske Automotive Group 2024 Q1 Earnings Drop
- Stellantis Q1 Revenues, Shipments Drop – Transition or Trend?
- NHTSA Makes Automatic Emergency Braking Mandatory
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- Lael Brainard on Auto Industry Continues to Rebound from Pandemic Lows
- United Auto Workers Union on EPA Finalizes Vehicle Pollution Standards for 2027-32
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Category Archives: news analysis
Toyota Motor Posts Record FY24 Net Income of $39.1B
“We faced many challenges, including those posed by COVID-19 and production restrictions due to tight semiconductor supplies, but the results showed the efforts of each front-line employee, including those of our suppliers and dealers, each recognized what they needed to do and acted accordingly, and a management structure and profit structure that was built to be resilient to crises,” said Koji Sato, president. Continue reading
Nissan Motor Posts FY Net Profit of $2.7 billion
Global sales remained at 3.44 million units, which were squeezed by intensified s competition. Nissan’s consolidated net revenue was ¥ 12.686 trillion. The operating profit of ¥568.7 billion translates to an operating margin of 4.5%. “This was due to logistics, other risks such as the Noto Earthquake and various cost relief made to suppliers such as inflation, and other factors,” Nissan said. Continue reading
Hyundai Capital America Fined for Civil Rights Violations
“Members of our Armed Forces should not have to worry about having their cars repossessed while they are in military service,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division. Continue reading
Posted in auto news, customer satisfaction, litigation, news analysis
Tagged Assistant Attorney General Kristen Clarke, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Civil Rights Violations, DOJ Civil Rights Division, Hyundai Capital America, Ken Zino, Servicemembers Civil Relief Act, U.S. Justice Department
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BMW Group – Good Q1 Earnings on Slight Sales Increase
The BMW Group said today in Munich that during Q1 of 2024 it delivered 594,533 automobiles. This means, the company posted a tiny increase of 1.1% compared to the previous year. Throughout the three-month period, the major automotive markets largely showed an upward trend based on pent up demand and increased sales in the mid-price volume segment. Continue reading
Greenhouse Gases – EPA Final Rule for Oil and Gas Sector
“As we implement the historic climate programs under President Biden’s Inflation Reduction Act, EPA is applying the latest tools, cutting edge technology, and expertise to track and measure methane emissions from the oil and gas industry,” said EPA Administrator Michael S. Regan. “Together, a combination of strong standards, good monitoring and reporting, and historic investments to cut methane pollution will ensure the U.S. leads in the global transition to a clean energy economy,” Regan said. Continue reading
Posted in economy, environment, fuel economy or emissions, global warming, milestones, news, news analysis, public health
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GHGRP, Greenhouse Gas Reporting Program, Inflation Reduction Act, Ken Zino, Michael S. Regan, President Biden
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The April 2024 U.S. Jobs Report – is Stable Good?
The U.S. labor market added 175,000 jobs in April, the White House said today via its Council of Economic Advisors. More than 60% of private-sector industries added jobs. The unemployment rate ticked up slightly to 3.9% – it went from 3.83% to 3.86% – and the labor force participation rate held steady at 62.7%. AutoInformed sees nothing in the report that is practically worrisome to the auto industry. What will be telling is if the companies can adjust supply to demand without incurring losses. Continue reading
April 2024 US Vehicle Sales Drop Slightly
“Calendar effects meant that it was always going to be challenging to match last year’s sales in April. However, with replenished inventory levels helping the market to recover a year ago, the industry is now facing a higher bar in order to keep growing,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading
Mercedes-Benz Q1 2024 Profit Drops 25% as Sales Slump
Mercedes-Benz Group AG (MBG.DE) has reported Group Earnings Before Interest and Taxes (EBIT) of €3.9 billion (Q1 2023: €5.5 billion) a surprising drop of -25% but in line with struggles at European-based Volkswagen Group and Stellantis. Continue reading
Posted in auto news, economy, electric vehicles, financial results, marketing, news analysis, results, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Daimler Truck, EV transition issues, G-Class, Ken Zino, Mercedes-Benz Cars, Mercedes-Benz Q1 2024 financial results
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Penske Automotive Group 2024 Q1 Earnings Drop
“Our retail automotive service and parts revenue grew 9% to a quarterly record of $746 million. During the quarter, we experienced a recovery across our used vehicle retail automotive operations with profitability improving sequentially by $428 per unit retailed. Further, I was pleased with our focus on controlling costs as selling, general, and administrative expenses as a percentage of gross profit improved by 30 basis points sequentially to 70.7%,” said Roger Penske Chair and CEO. Continue reading
Posted in auto news, financial results, manufacturing, mobility company, news analysis, results, transportation
Tagged auto industry commentary, autoinformed.com, automotive and commercial truck retailers, automotive blog, Automotive news and analysis, Ken Zino, NYSE: PAG, penske automotive group, roger penske
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Stellantis Q1 Revenues, Shipments Drop – Transition or Trend?
Stellantis reiterated a minimum commitment of double-digit Adjusted operating income (AOI) margin in 2024, as well as positive Industrial free cash flow, despite macroeconomic uncertainties. Stellantis claimed that it is on track to deliver total capital returns in 2024 more than €7.7 billion, for an 11% yield as a percentage of Stellantis market capitalization on 1 January 2024. It is likely that its value will go down in the short term. The company, in AutoInformed’s view is in a transition that requires the balancing of market share, product cost, revenue and development of new offerings. It is not alone among automakers. Continue reading
Posted in auto news, electric vehicles, financial results, mobility company, news analysis, results
Tagged alfa romeo, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, chrysler, citroën, Dodge, Fiat Topolino, jeep, Ken Zino, Maserati Grecale Folgore, Natalie Knight CFO of Stellantis, NYSE: STLA, Ram ProMaster, Stellantis Q1 2024 financial results
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NHTSA Makes Automatic Emergency Braking Mandatory
“The new vehicle safety standards we finalized today will save hundreds of lives and prevent tens of thousands of injuries every year,” said U.S. Transportation Secretary Pete Buttigieg. “The Bipartisan Infrastructure Law is not only making historic investments in transportation, but it’s also ushering in a new era of safer travel by ensuring new cars and light trucks are equipped with automatic emergency braking, making our roads safer for drivers and pedestrians alike.” Continue reading
Posted in auto news, news analysis, public health, safety, software defined vehicles, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Bipartisan Infrastructure Law, DOT National Roadway Safety Strategy, FMVSS No. 127, Ken Zino, nhtsa, NHTSA Deputy Administrator Sophie Shulman, U.S. Transportation Secretary Pete Buttigieg. Automatic Emergency Braking
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National Labor Relations Board Certifies VW Chattanooga UAW
The National Labor Relations Board has certified the results of the election in which Volkswagen Chattanooga employees voted for representation by the United Auto Workers. The battle with VW management – a later day version of the Ford Rouge battle of the bridge, included disgraceful interference by VW management instead of the neutrality stipulated under US labor laws. The Chattanooga plant has now become the symbol and rallying point of the tough fight for workers’ rights, bringing national or global attention to the struggles and potential of unionizing in the low-wage South. Continue reading
NHTSA Investigation Opened on Ford Blue Cruise Fatalities
The National Highway Traffic Safety Administration is conducting a preliminary investigation of Mustang Mach-E electric vehicle crashes with Blue Cruise autonomous driving on freeways at night according to documents made public by the Office of Defects Investigations (ODI) today. The crashes which killed three people occurred when Blue Cruise was in use just before the collisions. Continue reading
Posted in autonomous vehicles, connected vehicles, news analysis, safety, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ford Blue Cruise fatalities, Ken Zino, National Highway Traffic Safety Administration, NHTSA Office of Defects Investigations
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Ford Fund Now Ford Philanthropy
“With $2.3 billion in philanthropic contributions since 1949, together with Ford Motor Company, Ford Philanthropy remains unwavering in its commitment to invest in solutions that address unique community needs,” Ford said in a release. Continue reading
Honda Post Record Operating Profit of $7B in FY 24
“In FY25, we will steadily proceed with dedicating resources towards electrification and aim to achieve operating profit of ¥1 trillion 420 billion and an operating profit margin of 7%, which is one year ahead of our original target,” said Toshiro Mibe, Director, President and Executive officer. He was the first Honda chief executive in history to attend the annual results conference. Normally, the finance staff conducts it with regional operating officers. Continue reading →