Category Archives: news analysis

Goodyear Posts H1 2025 Loss of $59 million

Posted on 8 August 2025 by Ken Zino

The Goodyear Tire & Rubber Company (NASDAQ: GT) today posted a Q2 2025 loss of $48 million compared to a net income of $48 million in Q2 of 2024. Goodyear during H1 2025  had net sales of $8.7 billion, with tire unit volumes totaling 76.4 million. Goodyear net income was $369 million ($1.27 per share) compared to Goodyear net income of $10 million (4 cents per share) a year ago. Goodyear’s first six months 2025 saw net sales of$8.7 billion, with tire unit volumes totaling 76.4 million. Goodyear net income was $369 million ($1.27 per share) compared to Goodyear net income of $10 million (4 cents per share) a year ago. Nonetheless, the stock market punished the stock dropping it ~17% from the previous day closing as the impending Trump tariff recession appears to be underway. Tariff costs at Goodyear are now estimated at, gulp, $350,000,000 for 2025.
“The second quarter proved challenging in both our consumer and commercial businesses, driven by industry disruption stemming from shifts in global trade – including a surge of low-cost imports across our key markets,” said Mark Stewart, Goodyear CEO. “We expect conditions to stabilize in the coming quarters, and we see clear opportunity ahead as we capitalize on our strong U.S. manufacturing footprint. We continue to expect to exceed the original goals for Goodyear Forward both in terms of cost savings and proceeds from asset sales.” Continue reading →

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Pep Boys to Run Auto Service Centers on U.S. Navy Bases

Posted on 7 August 2025 by Ken Zino

The Pep Boys said today that it has a contract with the Navy Exchange Service Command (NEXCOM). Under the contract, Pep Boys plans to operate 14 of NEXCOM’s automotive service centers located on U.S. Navy bases across the country. This transition, which will be implemented on a rolling basis, will provide service to military personnel and their families. The converted locations* will be rebranded under the Pep Boys name, continuing a legacy that dates back to the company’s founding by Navy veterans Manny, Moe & Jack.

“We are honored to work with NEXCOM*** to bring Pep Boys’ best-in-class automotive & tire services to Navy personnel and their families,” said Joe Auriemma, CEO of Pep Boys. “Our company was founded by three Navy veterans, and we take immense pride in continuing that tradition by serving the military community with the same dedication and excellence that has defined us for more than 100 years.” Continue reading →

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Hot Cars – Camaro ZL1 Most Stolen Vehicle

Posted on 7 August 2025 by Ken Zino

The Chevrolet Camaro ZL1 is at the top of the list of America’s most-stolen vehicles, while a software upgrade helped reduce theft rates for Hyundai and Kia vehicles, according to new research from the Highway Loss Data Institute. Relative to its numbers on the roads, the Camaro ZL1 had a whole-vehicle theft rate 39 times the average for all vehicles. The frequency of whole-vehicle theft claims for the standard Camaro was 13 times higher than the average. Along with the two Camaro variants, pickup trucks and other expensive or high-horsepower models dominate the list of the top 20 vehicles with the highest claim frequencies for whole-vehicle theft.
 “Muscle cars have often topped this list, as thieves are attracted to vehicles with high horsepower,” said Matt Moore, chief insurance operations officer at HLDI and the Insurance Institute for Highway Safety. “That also helps explain why the more expensive, more powerful ZL1 is stolen so much more often than the standard Camaro.”
Continue reading →

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GM and Hyundai – Plans for Co-Developed Vehicles

Posted on 7 August 2025 by Ken Zino

General Motors (NYSE: GM) and Hyundai Motor Company (KRX: 005380 KS) today announced plans for their first five co-developed vehicles. The vehicles announced today are targeted at the largest segments in the Central and South American markets, as well as … Continue reading →

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Center for Automotive Research – Elizabeth Krear is President

Posted on 7 August 2025 by Ken Zino

The Center for Automotive Research (CAR) today announced the appointment of Elizabeth Krear as its new President and Chief Executive Officer, effective immediately. Krear assumes the role following interim leadership by David Leckey.

“I am excited and honored to lead CAR during such a transformative moment for our industry,” said Krear. “CAR’s work is essential in helping stakeholders navigate electrification, automation, sustainability, and policy shifts. I look forward to working with our partners to ensure CAR remains a trusted voice and strategic catalyst for the future of automotive,” said Krear. She brings a career-long focus on automotive innovation, electrification, and strategic planning. She is a home-grown Michigan engineer, executive and industry analyst. Continue reading →

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New Ford Recalls – Aviator, Bronco, Expedition, F150, Ranger

Posted on 5 August 2025 by Ken Zino

Ford Motor Company (NYSE: F) is recalling ~392,000 vehicles from its Ford and Lincoln brands for a variety of safety defects according to the latest documents made public by the National Highway Traffic Safety Administration (NHTSA) this week. During the first half of 2025 Ford Motor booked a $1.3 billion loss from repairs of vehicles under warranty, cancellation of plans to build an electric sport utility vehicle and other one-time costs. Ford is operating under a consent order from NHTSA because of its handing of recalls.

The largest of the latest safety defect recalls involves the Electronic Brake Booster (EBB) module that controls the bakes on some of the most profitable and popular Ford Motor models in the United States. Here ~312,000 model year 2025 Lincoln Navigator SUVs, Ford F-150 pickups, Expedition SUVs, Bronco SUVs, and Ranger pickups can lose power-brake assist when driving. Continue reading →

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BMW iX3 Production, Supply and Use Sustainability

Posted on 4 August 2025 by Ken Zino

“During product development, extensive measures were implemented throughout the supply chain, production and use phases, explicitly focused on conserving resources and reducing the model’s environmental footprint. As such, the iX3 Neue Klasse marks an important milestone toward achieving the company’s 2030 and 2050 CO2 emission targets,” BMW said. Continue reading →

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Bosch Finishes Largest Acquisition in Its History

Posted on 1 August 2025 by Ken Zino

The Bosch Group said today that it completed the largest acquisition in its history. The purchase of the residential and light commercial heating, ventilation and air conditioning (HVAC) business from Johnson Controls, and the acquisition of the Johnson Controls-Hitachi Air Conditioning joint venture. They were completed as scheduled on 31 July. The contracts were signed roughly one year ago. The purchase price of 8 billion U.S. dollars (~€7.4 billion) is subject to customary adjustments.

“The entire HVAC industry is in a state of upheaval, and the market and technologies are changing. Bosch is systematically taking advantage of its opportunities and is now moving up to the Champions League in the heating, ventilation, and air conditioning solutions business,” said Stefan Hartung, chairman of the Bosch board of management. Continue reading →

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Magna Posts Q2 2025 EBIT of $583 Million

Posted on 1 August 2025 by Ken Zino

Magna International (TSX: MG; NYSE: MGA) today reported relatively robust Q2 and H1 financial results in the midst of Trump’s ongoing tariff chaos and his hostility toward our Canadian friends, neighbors and business partners.

“Our strong operating results for the second quarter of 2025 exceeded our expectations and reflect continued execution on our performance initiatives, including operational excellence, restructuring, commercial recoveries, and reduced capital and engineering spending,” said Swamy Kotagiri, Magna Chief Executive Officer. Continue reading →

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Penske Automotive Group Posts Record $1.3B Q2 Gross Profit

Posted on 31 July 2025 by Ken Zino

“I am pleased with the performance of our diversified international transportation services business in the second quarter. The second quarter represented the third consecutive quarter of year-over-year earnings growth driven by an overall gross margin increase of 50 basis points, an increase of 50 basis points in retail automotive service and parts gross margin, and a 30-basis point improvement in selling, general and administrative expenses as a percentage of gross profit,” said Chair Roger Penske.

“New and used vehicle gross profit per unit retailed remained stable and strong while retail automotive same-store service and parts revenue increased 7%.” Penske continued, “While we continue to monitor the potential impact to our business from tariffs, the benefits provided by our premium brand mix, geographic diversification across the North American retail commercial truck, the U.S. and international automotive markets, and the diversification of our gross profit across new and used vehicles, service and parts, and finance and insurance, coupled with our highly variable cost structure, provide us with opportunities to flex our business to meet the changing automotive and commercial truck landscape,” Penske said. Continue reading →

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Audi F1 – Revolut Becomes Title Partner

Posted on 30 July 2025 by Ken Zino

“Audi is entering Formula 1 with a clear ambition: to use the platform as a technologically relevant and economically sustainable investment in the future of the Audi brand. We firmly believe in the success of our project, which we are approaching with a realistic attitude and a mindset of continuous improvement. In Revolut, we have found a partner that shares our ambitions and attitude. Formula 1 is a global stage that offers us the opportunity to reach new target groups together and generate enthusiasm for our products,” said Gernot Döllner, CEO of AUDI AG and Chairman of the Board of Sauber Motorsport AG. Continue reading →

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Nissan Motor Posts Loss of ¥29.1B for Q1 FY 2025

Posted on 30 July 2025 by Ken Zino

Nissan Motor Company* (7201T and NSANY ADR)** today announced financial results of a ¥29.1 Billion loss for the three months of the Japanese fiscal year ending 30 2025. Both its outlook and future survival remain murky. Continue reading →

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Stellantis Posts H1 2025 Loss of €2.3 Billion

Posted on 29 July 2025 by Ken Zino

Stellantis N.V. (NYSE: STLA)* today announced results for the H1 2025, reporting Net revenues of €74.3 billion, down 13% compared to H1 2024. The breathtaking net loss was -€2.3) billion, including €3.3 billion of net charges excluded from Adjusted operating income, down compared to H1 2024 Net Profit of €5.6 billion. It updated its tariff cost assumptions to an estimated 2025 net tariff of~€1.5 billion (~$1.7B), of which only €0.3 billion was incurred in H1 2025. Continue reading →

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Ferrari Recalls Purosangue SUVs for Brake Failures

Posted on 28 July 2025 by Ken Zino

“The possible short circuit which may derive from the potential contact between the fuse box’s power supply and the passenger-side footrest could lead to the activation of the brake warning light, the display of the pop-up message informing the driver to slowly bring the vehicle to a dealer, and the decrease of braking capability. If the driver does not heed the warning, the decreased braking capability could lead to a crash,” Ferrari told the National Highway Traffic Safety Administration (NHTSA) in the mandatory safety defect recall filing made public by NHTSA this morning. Continue reading →

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IndyCar – Palou 8 wins for 14 Taking Grand Prix of Monterey

Posted on 28 July 2025 by Ken Zino

Alex Palou driving the #10 DHL Chip Ganassi Racing Honda continued his IndyCar dominance yesterday at Laguna Seca by taking his eighth victory in fourteen races at the Java House Grand Prix of Monterey. Palou set the fastest lap time of the race at 70.7851seconds and 113.821 mph. Christian Lundgaard driving the number 7 Arrow Mclaren with Chevy power finished second. McClaren was also having a banner day in Formula One. McLaren Formula One drivers Lando Norris and Oscar Piastri, finished first and Second at the Belgian Grand Prix. Pato O’Ward in the other Arrow McLaren finished fourth after starting second. O’Ward is the reserve driver for the McLaren Formula One team.  

“Amazing day. Number one! Almost one-two for Honda, but two podium finishes is still great,” said Palou. “We had amazing speed all weekend and got our 8th win of the season. I couldn’t have asked for more from this year. I’m ready and hungry for more, of course, but I couldn’t be more proud (sic) of everything this #10 team has achieved.” Continue reading →

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