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Category Archives: news analysis
LG Energy Solution, Toyota Sign Long-Term Battery Deal
The deal is LG Energy Solution’s largest single supply agreement secured outside of its many joint ventures. The company now supplies its batteries to all top five global automakers[based on 2022 sales]. The company has eight battery manufacturing facilities currently operating or under construction in North America, and continues to expand both its production network and supply chain in the region. Continue reading
Posted in electric vehicles, global warming, mobility company, news analysis
Tagged aluminum, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, cobalt, EV battery ‘gold rush’, Ken Zino, manganese, nickel, Tetsuo Ted Ogawa, Toyota Motor North America, Youngsoo Kwon
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What Strike? September US Vehicle Market Grows Sharply
US light vehicle (LV) sales grew by 19.7% year-on-year (YoY) in September, to 1.34 million units, according to the latest analysis by the respected GlobalData consultancy. The UAW Big Three Strike that began halfway through September has thus far had little apparent effect. However, YoY comparisons are supercharged because of a low base of weak September 2022 sales. Ironically, Labor Day sales appears to bolstered sales. Continue reading
Ford Motor 2023 Q3 Sales up 8%
“We saw strong balanced sales growth providing choice to our customers in the third quarter, with growth coming from our gas engine, electric, hybrid and commercial van lineup,” said Andrew Frick, vice president, sales, distribution and trucks. “Ford’s truck lineup remains the industry’s top seller.” Continue reading
Chinese Light Vehicle Sales Up Again
Chinese Light Vehicle (LV) wholesales in August came in at 2.56 million units with growth of 7% YoY, according to the latest data and analysis from GlobalData.* Total passenger vehicle (PV) wholesale volume reached 2.32 million units with growth of 7% in the month. Simultaneously, the Light Commercial Vehicle (LCV ) sector recovered well, increasing by 11% year-on-year (YoY) to a total of 243,000 units. On a month-on-month (MoM) basis, PV sales increased by 8%, and LCV sales also increased by 5% in August, in the world’s largest vehicle market. Continue reading
GM Posts 21% US Q3 Sales Increase
General Motors (NYSE: GM) today posted strong Q3 sales results in the US with 674,336 vehicles sold and a market share gain of ~1%. There was a 16% retail sales increase year-over-year. The strong results were centered around its thriving truck and SUV lines, which fully participated in the ongoing Biden Administration economic recovery. Continue reading
Honda, Acura – New Deals with Evgo, Electrify America
American Honda Motor today announced that it has reached agreements with EVgo and Electrify America, plus roaming network partners, giving Honda and Acura EV customers access to more of the largest charging networks in North America. These latest agreements are in addition to the recent announcement that Honda will adopt the NACS charging standard with Honda and Acura EVs gaining access to the Tesla Supercharger network. Combined with the joint venture that Honda established with six other major automakers to create a high-powered charging network, US Honda and Acura EV customers will be able to use the majority of public American DC fast chargers starting in 2024 and can expect ~100,000 DC charge points available to them by 2030. Continue reading
Posted in connected vehicles, electric vehicles, global warming, milestones, mobility company, news analysis
Tagged acura zdx, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Honda Prologue, Ken Zino, public American DC fast chargers, Tesla Supercharger network
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Census Bureau Releases Data on US Fleet after 18 Year Gap
The US Census Bureau today released data on the nation’s inventory and use of selected vehicles. The Vehicle Inventory and Use Survey (VIUS) is a collaboration with the Department of Transportation, Bureau of Transportation Statistics and Federal Highway Administration, the Department of Energy; and the Census. For automakers it contains a wealth of data about miles driven, fuel economy and actual use patterns, which are key to product development, marketing, corporate forecasting, among other things. Continue reading
Posted in economy, environment, fuel economy or emissions, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, data for transportation and air quality models, economic Role of motor vehicles, Emissions studies, Energy efficiency of vehicle fleets, Freight movement, Highway cost allocations, Ken Zino, operational characteristics of vehicles, tracking the deployment of driver-assistance technology, Vehicle Inventory and Use Survey, Vehicle size and weight, VIUS
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EPA and Justice Sue eBay for Selling Toxic Substances
The Clean Air Act prohibits selling, offering for sale, or causing the sale or offer of aftermarket parts that defeat motor vehicle emission controls (aka “aftermarket defeat devices”). Today’s complaint alleges that eBay sold, offered for sale, or caused the sale of more than 343,000 such parts. Aftermarket defeat devices can cause motor vehicles to emit hundreds to thousands of times more pollution than a motor vehicle with properly functioning emission controls, including nitrogen oxides (“NOx”), carbon monoxide (“CO”), non-methane hydrocarbons (“NMHCs”), and particulate matter (“PM”). Continue reading
Fraud – SEC Charges Hydrogen Truck Company Hyzon Motors
“Transparency in the form of full, fair, and accurate disclosure is fundamental to the federal securities laws,” said Jason Burt, Regional Director of the SEC’s Denver Regional Office. “The defendants allegedly violated this principle by misleading investors about virtually every aspect of Hyzon’s business. The terms of today’s settlement, if approved by the court, will hold Hyzon and responsible individuals accountable for their misconduct.” Continue reading
Brand Loyalty Down Again for New Vehicles
“As vehicle availability increased and more choices hit the market for consumers, loyalty among brands as a whole saw a decline this year,” said Tyson Jominy, vice president of data & analytics at J.D. Power. “Additionally, owners were tied down to their vehicles for longer than normal due to ongoing supply chain disruptions, and as a result were more likely to experience problems with their vehicles.” Continue reading
Canadian Unifor Workers Ratify Ford Contract
“This contract will change lives in a profound way. It fundamentally transforms pension plans, provides protections during the EV transition and includes the highest wage increases in the history of Canadian auto bargaining,” said Unifor National President Lana Payne. Continue reading
CHIPS Act – National Security Rules Issued
“CHIPS for America is fundamentally a national security initiative and these guardrails will help ensure companies receiving US Government funds do not undermine our national security as we continue to coordinate with our allies and partners to strengthen global supply chains and enhance our collective security,” claimed Secretary of Commerce Gina Raimondo.
As with all such bills emanating in Washington, the devil is in the details of how the stated goal of enhancing global supply chain resilience in coordination with allies and partners will be governed, at least on paper. Nevertheless, this appears to be another successful implementation of awakened policies in the areas of national security, trade, jobs and the economy. It is also a diplomatic victory. Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration, Bureau of Industry and Security Entity List, Chinese Military-Industrial Complex Companies, CHIPS and Science Act, Gina Raimondo, industrial policy, Ken Zino, Ken Zino of AutoInformed.com on CHIPS and Science Act - National Security Rule Issued, US Department of Commerce
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UAW Expands Strike at GM and Stellantis
UAW President Shawn Fain just said that the union starting at noon today is expanding its Stand Up Strike against General Motors and Stellantis at 38 locations in 20 states and all 9 UAW regions. Fain on Monday announced that the union would expand its strike against automakers not making “substantial progress” toward a fair agreement. “Neither company did,” Fain said. Continue reading
US Honda Performance Development Now Global
AutoInformed suspects that we will ultimately hear from General Motors and Honda, perhaps as suppliers to the New Andretti Formula One Team that is currently under FIA consideration. Continue reading
September 2023 European Passenger Car Sales Drop
“All the top five Western European markets continued to experience double digit YTD growth over the weak performances seen in 2022. However, generally across the region, economies still face challenging conditions with high inflation and high financing costs. We continue to forecast solid growth for the full year, with 2023 set to be the best year since 2019,” said the European Light Vehicle Sales Forecasting Team. Continue reading →