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Category Archives: news analysis
US States Lagging Badly on EV Adoption Policies
“We are seeing incremental progress, not transformational progress. States will have to move far more aggressively to do their part to enable the electric vehicle transition that the climate crisis demands,” said Peter Huether, senior research associate at ACEEE and the lead writer of the report. “Auto manufacturers are expanding their EV options and consumers are increasingly choosing them, but supportive state policies are needed to ensure that the electric grid is ready and that all households and businesses, including those in under-served communities, can use EVs and have adequate access to charging.” Continue reading
Cox Automotive Study – EV Consideration at Record High
“Education for both consumers and dealers remains a critical factor in driving widespread confidence and adoption of electric vehicles,” said Kayla Reynolds, Manager of Research & Market Intelligence, Cox Automotive Mobility. “For dealers specifically, preparation is paramount, and our findings emphasize the urgency of equipping dealers with EV sales and servicing capabilities to meet the needs and demands of EV buyers.” Continue reading
GM to Use Ultium for Department of Defense Energy Storage
GM Defense will use GM’s advanced electric vehicle propulsion architecture, the Ultium Platform, to deliver what it claims will be a scalable and adaptable energy storage unit that supports the tactical energy requirements of war. The prototype will provide uninterruptible and sustainable power for mission critical equipment, such as command and control, communications, radar and weapons systems in remote areas or where a stable power grid is absent. Continue reading
What Does American Made Mean?
The website Cars.com released its 2023 American-Made Index® today at a time of intense discussion about whether the term means anything. The standards for the American-Made Index include location of final assembly; percentage of US. and Canadian parts; country of origin for available engines; country of origin for available transmissions; US manufacturing employees relative to the automaker’s footprint. Continue reading
Longtime Nissan COO Ashwani Gupta Leaving
The timing is less than ideal for the Alliance, which arguably has not recovered from the Carlos Ghosn matter. Now, more internal strife and likely damaging infighting have appeared at Nissan. Only four months ago Renault, Nissan and the Alliance said that they are taking new steps to increase value for stakeholders. These include operational projects in Latin America, India and Europe; enhanced strategic agility with new initiatives that partners can join; and a re-balanced Renault Group-Nissan cross-shareholding and reinforced Alliance governance. The Boards of Directors of Renault Group and Nissan Motor have approved these changes. Continue reading
Diesels Still Selling in the EU New Car Market
Preliminary May diesel market share figures for the European Union show that ~16.8% of new car sales were with a diesel engine, including diesel hybrids, according to data just publicly released by the respected LMC Automotive consultancy, part of the GlobalData. *
LMC also confirmed that the April diesel share was 17.1%. The latest share figure is a 2.7 percentage-point drop from the year-ago sales, while volume, conversely, rose by ~5000 units to just under 170000 sales,” LMC said. Continue reading
Automakers Remain Challenged in Search for EV Buyers
Affecting the slight year-over-year increases are a combination of positive and negative market elements such as lower gas prices, inflation, rising interest rates, greater model availability and charging availability. Charging availability is growing more slowly year over year (13% vs 33% in 2022), while model availability has increased, with 42% of buyers now having a viable EV model that meets their needs in Power’s view. Continue reading
Global Light Vehicle Sales at ~89 Million Rose Again in May
“US LV sales grew 23.5% YoY to 1.4 million units as OEMs raised vehicle production on the back of fewer supply issues. China performed stronger than the first four months of the year with a selling rate of 29.6 million units/year. All major West European countries reported positive YoY growth as their markets continue to recover with the easing of supply issues,” LMC said in copyrighted report for clients. Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, GlobalData, Ken Zino, lmc automotive
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Ford To Run Mustangs in GT3 and GTD Next Year
The Ford Mustang GT3 race car, based on the new 2024 Mustang Dark Horse, was unveiled today during the centenary celebration on the eve of the 24 Hours of Le Mans. With the reveal, Ford is trying to enter Mustang into the global FIA GT3 racing category, subject to FIA approval. Ford’s last victory at the 24 Hours of Le Mans was in 2016 with the Ford GT. Ford showed a new global Ford Performance branding that will now be used on all its racing vehicles. Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, endurance racing, fia, Jim Farley, Ken Zino, le mans, Mustang GT3
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Stellantis to Buy Back More Shares
Stellantis is one of the world’s leading automakers and a mobility provider. Its brands include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2Move and Leasys. Stellantis N.V. posted record full year 2022 results with €16.8 billion Net profit and €23.3 billion Adjusted Operating Income (AOI). Stellantis was formed by a merger of FCA and PSA in January of 2021. Continue reading
Penske Automotive Group Buys Transolutions Truck Centers
“We are thrilled to expand our North American presence with the Freightliner, Western Star and Thomas Built Bus brands. For more than 30 years, Transolutions Truck Centers has built a strong legacy of providing quality service to customers across Manitoba,” said Premier Truck Group President Ron Long. Continue reading
Chinese April Sales Soft – EV Exports Threaten Global Trade
AutoInformed notes here that the Biden Administration’s Inflation Reduction Act is actual a climate change and industrial policy bill that has global trade implications among US allies, trading partners and hostile states – say Russia and China. This is leading to the creation of a new term that will replace “offshoring” in trading and policy jargon. How about “friend shoring,” which is starting to emerge in automotive circles. Continue reading
Heavy Duty – Mitsubishi Fuso and Hino Motors to Merge
How this works under various anti-trust laws and regulations is unclear to AutoInformed. Details on the scope and nature of the collaboration including the name, location, shareholding ratio and corporate structure of the new holding company will be decided during the next ~18 months. The parties predict signing of definitive agreements in the first quarter of 2024. They aim to close the transaction by the end of 2024. Once all parties involved reach an agreement, they will move forward based on the approval of the relevant boards of directors, shareholders, and authorities. Continue reading
Canadian Tire Motorsport Park – Acura, BMW, Corvette Win
Meyer Shank Racing led an Acura 1-2 sweep of yesterday’s IMSA WeatherTech SportsCar Championship race at Canadian Tire Motorsport Park, with Wayne Taylor Racing with Andretti Autosport finishing second for Acura. The demolition derby or multiple shunt race was finished behind the safety car. Continue reading →