Category Archives: news analysis

CARB to Require Zero Emissions Off-Road Engines by 2024

The new requirement, an amendment to CARB’s existing small off-road engine regulations first adopted in 1990, applies to manufacturers and will impact new equipment (Model Year 2024 and later) only. Californians can continue to operate their current CARB-compliant gasoline-powered SORE equipment; there will be no “ban” on using older models or used equipment purchased in the future. Older models on store shelves can also be purchased even if they are gasoline-powered. Continue reading

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Ford Testing VIIZR Field Service Tool Built on Salesforce

Ford Motor is launching VIIZR, a new field service tool built on Salesforce. VIIZR can help small-business owners such as plumbers, and other technicians with invoicing, scheduling and managing requests, so they can work with their customers from anywhere. In … Continue reading

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Hagerty Debuts as a Publicly Traded NYSE Company

The transaction values Hagerty* at a pro forma enterprise of, gulp, ~$3.1 billion. Net proceeds of ~$265 million it’s claimed will be used to advance Hagerty’s growth. Hagerty is self-described as an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market. The firm has been close to the automotive Concourse scene with financial support, particularly in the US. It also sponsors classic car ride-and-drives associated with classic auto shows or events. Continue reading

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US November Light Vehicle Sales Forecast Down Again

“Retail inventory on dealer lots is expected to end below one million vehicles for a fourth consecutive month, with sales in each month being dictated by the number of vehicles delivered to dealerships rather than reflecting actual demand,” said Thomas King, president of the data and analytics division at J.D. Power Continue reading

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Honda, Lexus at Top of ALG Residual Value Awards

Numerous variables, of course, affect the actual residual value of a vehicle over a multi-year lease term, including the former Trump administrations’ inexplicable failure to address the corona virus pandemic, which resulted unnecessary deaths and as well as factory shut downs. Other instances include mileage, quality/reliability, options and feature sets, weather and the macro-economic environment. Continue reading

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2020 Vehicles Post Fuel Economy, Low Emissions Records

In August, President Biden signed an Executive Order that sets good policy for US citizens with an ambitious new target to make half of all new vehicles sold in 2030 zero-emissions vehicles, including battery electric, plug-in hybrid electric, or fuel cell electric vehicles. EPA also proposed a new rulemaking under the Clean Air Act that by 2026 would establish the strongest greenhouse gas emission standards for cars and light duty trucks in history. Continue reading

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Biden’s Build Back Better Act Decreases Budget Deficit!

Some of those budgetary effects are associated with programs that are classified as off-budget. The decrease in the on-budget deficit over that period would be $783.3 billion. To do the math for insurrectionist Republicans, this means ~$14 Billion dollars in the black, which probably because of the color means that most Republicans will no doubt oppose it. The failed former president, currently the insurrectionist in chief residing in Flori-duh, not only didn’t actually do anything to repair the infrastructure despite voluminous weekly (weakly?) announcements that it was infrastructure week, his tax cuts for the rich ran up record deficits. Continue reading

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Biden Bets on Detroit, Union Workers at GM’s EV Factory ZERO

“They’re the things that take place at the kitchen tables I grew up in,” Biden said. “For most of the 20th century, we led the world by a significant margin because we invested in our people, we invested in ourselves. But something went wrong along the way: We stopped. We risked losing our edge as a nation, and China and the rest of the world are catching up. Continue reading

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US October Light Vehicle Sales Drop -23% YoY

Overall vehicle sales were, however, 5% higher than September with the 2 extra selling days in October. The annualized rate grew to 13.1 million units from 12.1 million in the previous month and back to the level registered in August. “However, OEMs sold just 39,000 vehicles per selling day, compared to 40,000 units last month, way down from a peak of 62,000 vehicles in March,” said LMC. Continue reading

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FAA, Finally Five Years After Deadly Accident, Wants a Medical Certificate for Commercial Hot-Air Balloon Pilots

“Balloon pilots are responsible for the safety of their passengers,” said FAA Administrator Steve Dickson. “This proposed rule would ensure that balloon pilots meet the same medical requirements as pilots of other commercial aircraft.” The rule in AutoInformed’s view is more than five years too late because of regulatory capture by the industry, a common problem at the FAA as recently exhibited with the Boeing 737 Max fiasco. Continue reading

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Floorplan – Stellantis Buys First Investors Financial Services

This is either an opportunity or survival necessity, depending on your viewpoint. It will allow Stellantis to provide customers and dealers a range of financing options, including retail loans, leases, and floorplan financing in the near term. A so-called “captive U.S. finance company”  will provide revenue, marketing incentives and mobility services in the digital age for customers who purchase Jeep, Ram, Dodge, Chrysler, Fiat and Alfa Romeo vehicles. Continue reading

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Toyota Georgetown Kentucky Plant Set for $461M Upgrade. Lexus Manufacturing Leaving US

According to the Japanese global automotive giant, an investment of $461 million will add advanced manufacturing equipment and technologies, coupled with facility layout improvements, which will increase the plant’s operational speed, flexibility and competitiveness. These improvements will expand TMMK’s ability to produce new products, including future electrification. Continue reading

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Toyota to Spend $3.4B for US Battery Manufacturing

Toyota Motor North America also announced today that it will establish a new company and build an automotive battery plant together with Toyota Tsusho in the US. Production is expected to start in 2025, the project includes an investment of approximately $1.29 billion until 2031, which includes funds that will be used to develop land and build facilities, resulting in the creation of 1,750 new American jobs. Continue reading

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China: Nippon Steel Sues Toyota over Steel Sheet Patent

The conflict arises from Baoshan Iron & Steel, based in Shanghai, China, and a subsidiary of state-owned China Baowu Steel Group. It is listed on the Shanghai Stock Exchange. Toyota uses Baoshan steel sheet. It comes at a time when the Biden Administration is wrestling with US trade policy with China. The former administration started a trade war that cost US jobs, damaged the agricultural sector, and was a disaster for the US auto industry in China, the world’s largest vehicle market. It is also involved in a dispute about whether proposed lavish EV buyer tax credits should apply to imported and non-union made electric vehicles. Continue reading

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Honda Aircraft Shows First Light Jet Able to Cross US Nonstop

The HondaJet 2600 also has the tallest cabin height. It has class-leading pressurization with a cabin altitude of 6,363 feet at its max operating altitude. HondaJet 2600 will offer 3 types of modular and customizable cabin configurations. Continue reading

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