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Category Archives: news analysis
GM Q3 Profits Ambush Analysts – Income $2.5 Billion EBIT
GM reported $2.5 billion in profits today at $1.75 per share, way beyond hapless analyst projections of $1.25 per-share earnings. Continue reading
Nishitetsu, Toyota to Test Multi-modal Mobility Service
The so-called my route provides shop and event information while allowing users to search, book, and pay for transport, offering a single mobility-focused application with integrated functions, with the aim of supporting smooth movement in Fukuoka City, helping support “the city’s vibrancy.” Continue reading
Posted in economy, electronics, milestones, news analysis, transportation
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, Fukuoka City One-day Pass, Ken Zino, multi-modal mobility service, new car reviews, Nishitetsu and Toyota, smart phones
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Ford Recalls 1.5 Million Focus Models for Bad Fuel Gages
The Ford recall announcement comes the morning after Ford Motor reported disappointing Q3 earnings which included major operational losses – Europe, China – as well as drops in market share for several regions. Consumer Reports yesterday also rated Ford Motor dependability – based on customer complaints – near the bottom of a list of all major automakers. Continue reading
Ford Motor Creates Stand-Alone China Business to Stop Loses in Its Latest Asia Pacific Shakeup
The timing seems odd as Ford is entering a busy period of product renewal in China, including the current high-volume launches of the Ford Territory, Ford Focus and Ford Escort. It’s part of Ford China’s commitment to launch 50 new vehicles by 2025. Continue reading
Posted in auto news, financial results, milestones, news analysis, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, Changan Ford Automobile, Changan Ford Mazda Engine, Ford Motor China, Jiangling Motors, Ken Zino, new car reviews, Zotye Ford
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Group Renault Revenues of €11.5 billion in Q3 2018 or -6%
During Q3 2018, Group Renault revenues reached €11,484 million (-6.0%). At constant exchange rates, Group revenues decreased by -1.4%. Continue reading
Daimler Takes Lead in F1 Driver and Maker’s Championship
Presumptive World Champion Lewis Hamilton came home in P3, racing to the 15th podium for Mercedes-Benz Power. It would be Hamilton’s fifth World Championship title – he needed to win to clinch before the next race in Mexico, with two more races remaining after that. If he hangs on in Mexico and Ferrari’s Sebastián Vettle has another fateful outing as he did yesterday, then he can join Juan Manuel Fangio with five titles. Continue reading
Posted in marketing, news analysis, people, racing, results
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, ferrari, Ken Zino, Lewis Hamilton, Mercedes-AMG Petronas Motorsport, new car reviews, Sebastian Vettel, Valtteri Bottas
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Death of The Diesel – Q3 Daimler Earnings Guidance Cut
Largely affected are Mercedes-Benz Cars and Daimler Buses divisions and for the Daimler Group. They are now running at a loss now running at a loss. Continue reading
Used Vehicle Incentives Decrease for the First Time in Years
Whether this is a trend that will save consumers money, or just a blip is debatable and contingent on the U.S. economy and the stated – but not yet implemented – Federal Reserve desire to raise interest rates. Continue reading
More People Want Gun Ownership Controls Than Gun Rights!
“Overwhelming majorities of Republicans and Republican-leaning independents and Democrats and Democratic leaners (89% each) say mentally ill people should be barred from buying guns. Nearly as many in both parties (86% of Democrats, 83% of Republicans) favor barring gun purchases by people on federal watch lists. And sizable majorities also favor making private gun sales and sales at gun shows subject to background checks (91% of Democrats, 79% of Republicans),” according to Pew. Continue reading
Mahindra, Ford Agree on Connected Car, Powertrain Sharing
Both companies “continue to make progress on the remaining MoUs signed earlier this year. This includes leveraging their respective strengths on product development for India and emerging markets, including co-development of compact SUVs and electric vehicles.” Translation: Ford can’t afford to develop EVs on its own. Continue reading
Death Of The Diesel Continues As London Mayor Delivers Online Checker To Help Car Buyers Choose Cleaner Cars
The Mayor wants to help restore public confidence following the ‘dieselgate’ scandal, in which many Londoners wrongly brought ‘cleaner’ cars in good faith but later found out they had dirty polluting engines because of defeat devices or the official testing process not reflecting emissions in ‘real world’ conditions. Continue reading
Variables Abound – Meet the New NAFTA
AutoInformed agrees that the text offers greater certainty about the future of North American automotive production, trade, and investments, the USMCA still must be signed, ratified, and the enabling legislation must be passed in each of the three countries before the agreement can go into effect on the target date of 1 January 2020. It’s by no means a sure bet. Continue reading
Dieselgate – Audi Fines of ~$1 Billion hit Porsche Guidance. Porsche is Economical with the Truth on Ongoing Risks.
Porsche rules out however a spin off ala Ferrari that could value and independent company at more than $80 billion. The remaining outstanding fraud case from the noxious diesel emissions scandal is remains ongoing in Stuttgart, where state prosecutors are investigating the role Volkswagen’s sports car brand Porsche played in the sordid diesel affair. Continue reading
Posted in environment, financial results, fools 'n frauds, fuel economy or emissions, litigation, news analysis
Tagged Audi diesel fraud, auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, dieselgate, epa, Ken Zino, new car reviews, Porsche SE, Volkswagen Diesel Fraud, Volkswagen Group legal fines
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Ford Motor Q3 Net, EPS, EBIT – All Down as Ford Stumbles
Once again top Ford executives claimed they had a multi-year plan to fix things, but the same pledge has been going on since Ford 2000. Ford also said that because of the higher costs and uncertainty impacting the entire sector, coupled with unexpected deterioration this year in the Europe, Middle East and Africa, and China businesses, current company forecasts show that it will not reach its previously announced 8% EBIT margin or high teens ROIC targets by 2020. Another job-destroying reorganization in process. Continue reading →