Category Archives: news analysis

California Man Sentenced to Five Years in Prison for Illegally Storing Toxic and Explosive Hazardous Wastes in His Backyard

Posted on 15 November 2011 by Ken Zino

Wyman was charged in June 2009, after firefighters responded to a report of a fire and explosions at Wyman’s residence. Because of the ammunition that was being “cooked off” in the fire, firefighters had to wear bullet proof vests. Continue reading →

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Renault Dedicates Enlarged Electric Vehicle Test Center

Posted on 15 November 2011 by Ken Zino

Since missing the hybrid segment completely that Toyota went on to dominate globally, reaping billions upon billions of dollars worth of “Green” image benefits in the process, Carlos Ghosn, CEO of both Renault and Nissan, has “bet the farm” by investing almost $5 billion in electric vehicles. Thus far, the Nissan Leaf, with roughly 8,000 sales year-to-date, has not met expectations in the U.S. Nissan, optimistically, wants 20% of its sales to be EVs by 2020. Continue reading →

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American Fined $900,000 for Tarmac Delays at O’Hare Airport

Posted on 14 November 2011 by Ken Zino

Between May 2010 and April 2011, the first 12 months after the three-hour limit was in effect, the larger U.S. airlines required to file tarmac delays reported 20 tarmac delays of more than three hours, none of which was more than four hours long. In contrast, during the 12 months before the rule took effect, these carriers had 693 tarmac delays of more than three hours, and 105 of the delays were longer than four hours, according to DOT. Anti-government regulation fanatics should note that this is a clear case of effective regulation. Continue reading →

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Chevrolet Volt Fire After Crash Prompts NHTSA Investigation

Posted on 11 November 2011 by Ken Zino

Lithium battery safety in a plug-in hybrid, such as the Chevrolet Volt, or pure electric automobile, such as the Nissan Leaf, is based on a complex series of factors involving not only the battery design, but where it is placed in the vehicle; its discharge and recharge rates; cooling; as well as the software that governs the whole system, including failure modes that when detected disable the battery. Continue reading →

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President Obama Kicks Keystone Pipeline Decision down the Road – after 2012 Election. Corruption Charged at State Dept.

Posted on 10 November 2011 by Ken Zino

True to form, Obama caught between his political desire to appear to be encouraging energy independence and his need to bolster waning support among environmentalists in what could be a tough bid to keep his job, today ordered the State Department to look at alternative routes that would avoid the Sand Hills in Nebraska. This effectively kicks the political problem down the road until after the 2012 Presidential election. Nevertheless, it does not address larger policy and environmental issues surrounding the tar sands derived oil pipeline. Continue reading →

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Sumitomo to Make 30 Minute Quick Charger for Nissan Leaf

Posted on 10 November 2011 by Ken Zino

Nissan previously announced a joint promotion of a DC Quick charger with Sumitomo. The newly developed DC quick charging unit retains the high performance of current quick chargers but is nearly half the size – making for an easier installation. Continue reading →

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Honda to Show AC-X Plug in Hybrid at Tokyo Motor Show

Posted on 10 November 2011 by Ken Zino

The Number Three Japanese automaker – and perennial second place hybrid sales leader behind the clear leader Toyota – says the next-generation plug-in hybrid vehicle offers a more comfortable time in the vehicle during all driving situations, from urban to long-distance driving. Continue reading →

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Chevrolet’s All-New 2013 TrailBlazer Debuts in Dubai

Posted on 10 November 2011 by Ken Zino

The next generation TrailBlazer combines the hauling and towing capability of a body-on-frame SUV with what’s claimed to be the ride comfort and efficiency of a crossover. In other words, it’s a traditional American truck although it was developed along with the all-new Chevrolet Colorado pickup by GM do Brasil. While GM has announced the return of the Colorado to the U.S., but has not confirmed the TrailBlazer will join it, which seems an easy, though potentially cannibalizing, addition to the showrooms. Continue reading →

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GM Q3 Earnings of $1.7 Billion, Most from North America

Posted on 9 November 2011 by Ken Zino

Virtually all of the Q3 earnings came from North America – $2.2 billion, where Japanese competitors were largely out of the market during the period because of the Japan earthquake, which allowed GM to increase prices. GM Europe lost money; GM South America broke even; and International Operations – home of the booming China market – made $400 million. Continue reading →

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Milestones: Ford EcoBoost 3-Cylinder Startup in Cologne

Posted on 9 November 2011 by Ken Zino

Ford President and CEO Alan Mulally today launched volume production in Cologne of Ford’s smallest gasoline engine – a 1.0-liter EcoBoost engine that will debut in Europe in early 2012. Eventually variants of the three-cylinder, turbocharged, direct injection gasoline engine … Continue reading →

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EPA Ordered to Check State Plans Cutting Haze Pollutants

Posted on 9 November 2011 by Ken Zino

EPA initially issued a rule in 1999 requiring states to submit regional haze plans. These plans were due in December 2007. National Parks Conservation Association and other environmental groups sued the agency in August 2011 to take action on these plans. Today’s consent decree resolves the litigation. Continue reading →

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Biofuels Now in Commercial Use at United and Alaska Airlines

Posted on 8 November 2011 by Ken Zino

The use of aviation biofuels looks promising since it was pushed forward by the Commercial Aviation Alternative Fuels Initiative (CAAFI) established by the Federal Aviation Administration, which has been working to find sustainable fuels for airlines since 2006. As always the issues remain cost, and potential negative effects on global food supply. Continue reading →

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GM Moves Canadian Healthcare off Balance Sheet to Trust

Posted on 8 November 2011 by Ken Zino

This means that GM Canada is free from any obligations associated with the cost of providing retiree healthcare benefits for eligible CAW represented retirees, surviving spouses and dependents. In exchange, GM Canada will transfer C$0.8 billion in cash and issue C$1.1 billion of notes to the HCT.

In its Q2 earnings GM had obligations of $4.7 billion in debt, $5.5 billion in preferred stock (U.S. government owns 26.5% of GM), $10.8 billion in unfunded pensions, and $10 billion in other post-retirement employee benefits. It’s not clear how GM is going to fund these. It looks like issuing more common stock is not feasible given current share price of ~$24, far below the IPO price of $33 and its high of $39.48. GM will report Q3 earnings tomorrow. Continue reading →

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Honda Unveils new ASIMO Robot – World Debut of Autonomous Control – Production and Public Use Near?

Posted on 8 November 2011 by Ken Zino

Honda Motor Company today unveiled an all-new ASIMO humanoid robot equipped with what Honda claims is the world’s first autonomous behavior control technology. This means the all-new ASIMO can now continue moving without being controlled by an operator. In theory, with this improved artificial intelligence and the physical ability to adapt to situations, ASIMO is close to practical public use. How close production is remains to be seen. Continue reading →

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Toyota Loses ¥33 Billion in First Half FY 2012. Scraps Forecast

Posted on 8 November 2011 by Ken Zino

In North America – Toyota’s second largest market – vehicle sales totaled 689,000 thousand units, a decrease of 352,000 units compared to the same period last fiscal year. Operating income decreased by ¥84.4 billion to ¥61.5 billion, including ¥15.6 billion of valuation gains/losses on interest rate swaps. Operating income, excluding the impact of valuation gains/losses on interest rate swaps, decreased by ¥109.8 billion to ¥45.9 billion. Continue reading →

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