Category Archives: news analysis

Chinese Vehicle Sales Still Slumping

However, the cumulative LV production from January to February in the world’s largest market, fell by -14% YoY. At the component level, passenger vehicle production in February increased by 12% YoY while cumulative PV production to February decreased by 14% YoY, the same as the decrease in LV overall. Light Commercial Vehicle output at 255,000 was up 9% YoY. but down by -17% YTD. The February selling rate was 21 million units/year, down 11% from a weak January, and the lowest rate since the Shanghai lockdown of April 2022. In YoY terms, however, sales (i.e., wholesales) increased by 14.3% against a low base, due to the timing of the Chinese New Year, said LMC. Continue reading

Posted in manufacturing, news analysis, sales | Tagged , , , , , | Leave a comment

Ford Collaborates with Chinese Huayou on EV Battery Nickel

“This framework gives Ford direct control to source the nickel we need – in one of the industry’s lowest-cost ways – and allows us to ensure the nickel is mined in line with our company’s sustainability targets, setting the right ESG standards as we scale,” said Lisa Drake, vice president for Ford Model e EV industrialization. “Working this way puts Ford in a position to help make EVs more accessible for millions and to do it in a way that helps better protect people and the planet,” claimed Drake. Unmentioned by Drake is that Vale is conducting research in bio-leaching, which eliminates acid for leaching metals from ore by using bacteria to convert the metals such as nickel into a soluble form. Continue reading

Posted in electric vehicles, environment, global warming, mobility company, news analysis | Tagged , , , , , , , | Leave a comment

J.D. Power and Motorq to Monitor EV Battery Health

Yes, your vehicle will be monitored. Clearly, privacy issues will have to be worked out. J.D. Power and Motorq, a connected vehicle analytics company, will use thousands of measurements taken from the vehicle over time to assess how an individual EV battery is performing. The two companies are in active discussions with vehicle manufacturers and other industry participants to bring empirical EV battery health to the market. Continue reading

Posted in connected vehicles, customer satisfaction, electric vehicles, news analysis | Tagged , , , , , , | Leave a comment

Seattle Streets Safer Because of Lower Speeds

“When we talk about the Safe System approach, we always stress that nobody should have to die because of a mistake,” said IIHS President David Harkey. “These results illustrate the value of rethinking speed limits. Crashes still happened after Seattle’s changes, but they weren’t as dangerous.” Continue reading

Posted in insurance, news analysis, safety | Tagged , , , , , , , | Leave a comment

Ford Motor New Financial Reporting – Billions in EV Losses

Part of today’s presentation showed Ford’s nascent electric vehicle venture – Ford Model e – lost $3 billion before taxes during 2021 and 2022. More such losses are coming in the near term. Helping stem the tide of red ink, Ford Blue – its traditional internal combustion business – is forecast to post a $7 billion pretax profit in 2023, marginally better than last year. Ford Pro is forecast to earn $6 billion before taxes, almost double 2022 earnings. Other business units include corporate, Ford Credit and Ford Next, dubbed a new business incubator. Continue reading

Posted in electric vehicles, financial results, milestones, news analysis, shows and events | Tagged , , , , , , | Leave a comment

Stellantis €1.5B Share Buyback Program Starts Tomorrow

The buyback is  under the authority granted by the general meeting of shareholders held on 13 April 2022, up to a maximum of 10% of the Company’s capital, or any renewed or extended authorization to be granted at a future general meeting of the Company. The purchase price per common share will be no higher than an amount equal to 110% of the market price of the shares on the NYSE, Euronext Milan or Euronext Paris. Continue reading

Posted in economy, financial results, mobility company, news analysis | Tagged , , , , , , | Leave a comment

February Global Light Vehicle Sales Up 11% at 6.5 Million

The drop in SAAR – seasonally adjusted annual rate – is from a deceleration in the Chinese market in February, affected by the Chinese New Year and the termination of tax incentives in 2022. Both the North America and Western Europe markets saw YoY improvements in performance when compared against a weak 2022, while Eastern Europe continues to suffer YoY negative growth. Continue reading

Posted in news analysis | Tagged , , , , , , | Leave a comment

Electrified – Mitsubishi Motors Releases Latest Mid-Term Plan

Mitsubishi Motors Corporation (7211.T) in Japan today released its next Mid-Term Business Plan (MTP). This three-year plan, Challenge 2025, states MMC’s corporate direction. As with all recent global automaker’s mission statements, MMC claimed to be reinforcing the company’s environmental commitment … Continue reading

Posted in connected vehicles, electric vehicles, news analysis | Tagged , , , , | Leave a comment

Nissan X-in-1 – Shared, Modular EV Components

“We make the most of our expertise and know-how from our more-than-a-decade long development and production of electrified technologies. Through our innovations in electrified powertrain development, we’ll continue to create new value for customers and deliver 100% motor-driven vehicles – EVs and e-POWER – as widely as possible,” said Senior Vice President Toshihiro Hirai, who leads powertrain & EV engineering powertrain development. Like all automakers, converting to EVs is an expensive process, potentially ruinous for shareholders. Continue reading

Posted in electric vehicles, environment, financial results, news analysis | Tagged , , , , , | 1 Comment

SEC Charges Mining Company Rio Tinto with Bribery

Ford Motor (NYSE: F) and Stellantis (NYSE: STLA) among other large international corporations have supply contracts or business relationships with the mining conglomerate  involving electric vehicle battery materials. Whether this is a bum in the road or a longer-term impediment to EV advancement is an open and ongoing matter subject to debate in industrial and public policy sectors. Continue reading

Posted in electric vehicles, environment, litigation, news analysis | Tagged , , , , , , , | Leave a comment

February 2023 Western EU Passenger Vehicle Sales Up 11%

However, LMC hedged by saying that 2022 is a weak base for comparison. “In YoY terms, the market was up 2.8%, though the same period last year was particularly weak” Continue reading

Posted in economy, news analysis, sales | Tagged , , , , , | Leave a comment

US Light Vehicle Sales Up in February Amid Uncertainty

The February selling rate was estimated to be 15.0 million units/year, aka SAAR, down from 16.0 million units/year in January. However, as LMC observed last month, January’s rate appears to have been distorted by changing seasonality and the unique conditions in the market whereby a lack of supply is still constraining sales in some cases. Continue reading

Posted in economy, news analysis, sales | Tagged , , , , , | Leave a comment

Stellantis Sells Its Turkish Distribution Company

As a result, all Stellantis brands available for distribution in Türkiye – Alfa Romeo, Fiat, Citroën, DS Automobiles, Jeep®, Maserati, Opel and Peugeot – will be distributed by Tofaş.** The transaction, which will be subject to requisite regulatory approvals, including the approval of the relevant competition authorities, is expected to close in the second half of 2023. Continue reading

Posted in manufacturing, marketing, news analysis | Tagged , , , , , , | Leave a comment

USPS Reveals Electrification Buys for Largest Federal Fleet

The Postal Service’s total investment in vehicles is expected to reach $9.6 billion, including $3 billion from Inflation Reduction Act (IRA) funds. The December 2022 plan announced intended acquisitions during the next five years of a 75% electric fleet of Next Generation Delivery Vehicles (NGDV). Acquisitions of NGDV after 2026 will be 100% electric unless the anti-environment or big oil factions of the Republican party interferes, of course. Continue reading

Posted in news analysis | Tagged , , , , , , , , , , , , | Leave a comment

WEC – Hertz Team JOTA Unveils Le Mans Bound 2023 Race Car

“Our sponsorship of Hertz Team JOTA marks the company’s return to premium motorsports and underscores Hertz’s commitment to speed, reliability, and innovation, both on and off the track. We look forward to collaborating with the BRADY Brand and Singer as we engage our customers and millions of racing fans during the 2023 FIA World Endurance Championship season,” said Stephen Scherr, Hertz Chief Executive Officer. Continue reading

Posted in news analysis | Tagged , , , , , , , | Leave a comment