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Category Archives: news analysis
Global Auto Business Threatened by Covid Second Wave
While the past isn’t a 100% sure predictor of the future, “A second wave and stricter social controls pose a large risk to our central forecast” LMC notes in its latest analysis. LMC projects that 2020 global assembly plant use is expected to fall to the lowest level ever recorded – just 51%. The pandemic-caused shutdowns during March and April had a profound impact on both the volume and use of plants globally. Continue reading
Making America Late Again – NAIAS to September 2021
NAIAS will remain a fall show going forward after the inaugural event in September 2021. Show dates have been secured with TCF Center for the next three years. NAIAS organizers choose dates towards the end of the month because of the new IAA in Munich, which is scheduled for the first full week in September. NAIAS has had a troubled relationship with German automakers. The NAIAS move in our view is defensive with a yet unknown outcome. Continue reading
California to Subsidize 51 Shell Hydrogen Sites
Socialism for the rich once again. Too bad the CEC doesn’t require some ownership for the capital it is providing. Worse, the Trump misadministration is proposing to roll-back desperately needed methane regulations. Methane, a product of oil drilling is currently burned at the well by flaring. EPA said in the past that over 100 years, methane is estimated to have a global warming potential that is 28 to 36 times that of CO2. Continue reading
GM Claims Wireless Battery Management for Future EVs
It is hoped that wBMS, will get GM’s Ultium-powered EVs to market faster because time won’t be needed to develop specific communications systems or redesign complex wiring designs for each new vehicle. It has already sped the creation of more automotive engineering/marketing jargon powered by acronyms. The wireless battery monitoring system will be standard on all planned GM vehicles powered by Ultium batteries. Continue reading
Daimler Issues Its First Green Bond of €1 Billion
Daimler will allocate the net proceeds from the green financing instruments in accordance with the Framework to develop and produce zero-emission vehicles such as battery-electric (BEV) and fuel-cell electric vehicles (FCEV). Continue reading
Uber Plugs-In With Renault, Nissan to Electrify Europe
The MoU between the companies was announced today as part of Uber’s announcement to become a zero-emission mobility platform. By 2025, 50% of kilometers driven on Uber’s platform in aggregate across seven European capitals (Amsterdam, Berlin, Brussels, Lisbon, London, Madrid and Paris) will be in electric vehicles, it’s claimed. In practice this means that riders will be able to select a zero-emission vehicle in cities representing 80% of Uber European business by the end of 2021. Continue reading
Nikola and General Motors Partner! Nikola Badger Truck to be Engineered and Manufactured by GM
“We would rather work with them than against them,” said Nikola Founder and Executive Chairman Trevor Milton. Once again the latest linkup is an attempt to share the ruinously expensive costs of investment needed to provide 21st century mobility to a business that until a generation ago was essentially an outgrowth of the 19th century blacksmithing business. Continue reading
Covid Labor Day 7 September 2020 Sees a Sick Economy
The unemployment rate fell to 8.4%, down from 14.7% in April and 10.2 % in July (The so-called U-3 measure is people without jobs who must have looked for a job in the last four weeks). Any way you look at it joblessness is still higher than the peak of many past recessions. The real unemployment rate was 14.2% because it contains 535,000 discouraged workers. (This is U-6 or the real rate because it includes people who would like a better job. It also includes those who are underemployed and marginally attached.) Continue reading
Posted in economy, news analysis
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, Labor Day, Unemployed
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COVID-19 – Ford to Donate 100 Million Masks
Masks will support presumptive President Joe Biden’s pending mask wearing mandate. Ford, currently manufacturing 2.5 million medical-grade masks a week for its employees and at-risk communities, is growing the number of mask-making machines by mid- to late-October to increase production and deliver on its goal. Continue reading
Honda, GM Ink MoU on North American Alliance!
While this is consistent with an industry trend to share ruinous development costs on future CO2-free vehicles, the vast financial resources of both global automotive giants underscore the severity of the problem that automakers face. For some companies mergers will be the only way to survive if they survive at all. Continue reading
Our Sinking US Economy Sinks $3.3 Trillion Further
It is now almost completely likely that the US federal debt under the Trump Administration will exceed annual gross domestic product (GDP ) in 2021. The last time this happened was at the close of World War II, when amassed debt exceeded in value the size of the economy. Continue reading
August Vehicle Sales to Drop as Prices Hit Record High
Reporting the same numbers without controlling for the number of selling days translates to a decrease of -16.8% from a year ago. While the decline vs. August 2019 is substantial and reflects the ongoing do nothing about COVID-19 attitude of the hapless Trump reign, August 2020 contains two fewer selling days than August 2019. It also has no help from promotions during the Labor Day weekend, which is after the August sales close. Continue reading
Commercial Truck Market Upturn Is on The Road
“Pricing is solidifying, customers are buying more used trucks and new truck orders and deliveries are heading back in the right direction,” said Chris Visser, commercial truck senior analyst at Valuation Services. Continue reading
Covid: Census Says Construction Better Off, More Optimistic Than Other Small Businesses
“These companies of one to 499 employees provided important new insights into the effects of the pandemic,” said Jane A. Callen of the Census Bureau. It doesn’t appear to have anything to do with the Trump Administration’s voter suppression efforts that us Federal Agencies such as Census to subvert our democracy. Continue reading
Toyota Classic Car Festival On With Limited Attendance
Public access to the museum will be limited to Nagakute residents and the museum’s annual pass holders. Toyota will also conduct temperature checks for all staff members and visitors, and everyone will be required to wear face masks and observe social distancing at the venue. A special exhibition and socializing will also take place at the venue. Continue reading →