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Category Archives: auto news
Stellantis Completes Symbio Hydrogen Purchase
“The addition of Stellantis as a shareholder will boost Symbio’s development across Europe and in the US,” Stellantis said. Acquiring an equal stake in Symbio supports Stellantis fuel cell van production in France, and supplements the company’s growing battery electric vehicle portfolio. Continue reading
US July Vehicle Sales Forecast Up Significantly Again
Total new-vehicle sales for July 2023, including retail and non-retail transactions, are projected to reach 1,320,982 units, a 21.5% increase from July 2022, according to a joint forecast released today from J.D. Power and GlobalData.* Total sales of new vehicles this month are expected to reach 1,320,982 units, a 21.5% increase compared with July 2022 when adjusted for selling days.
Bidenomics is clearly working in AutoInformed’s point of view. (July 2023 has 25 selling days, one less than July 2022.) Comparing the same sales volume without adjusting for the number of selling days translates to an increase of 16.8% year-over-year. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 16 million units, up 2.6 million units from July 2022. Continue reading
Old Curiosities Found During Sunbeam LSR Restoration
“It’s the first 200mph screwdriver, which couldn’t have been taken out of the oil tank because it was buried under the engine. We cleaned out the tank where the oil had solidified, using hot water and detergent, and after shaking the tank the vintage screwdriver eventually tipped out, “said National Motor Museum Senior Engineer Ian Stanfield. “After the LSR breaking run, the oil would have stuck like glue on top of the chassis, which is where we made the other discoveries.” Continue reading
SEC Issues Rules on Cybersecurity Risks
“Whether a company loses a factory in a fire — or millions of files in a cybersecurity incident — it may be material to investors,” said SEC Chair Gary Gensler. “Currently, many public companies provide cybersecurity disclosure to investors. I think companies and investors alike, however, would benefit if this disclosure were made in a more consistent, comparable, and decision-useful way. Through helping to ensure that companies disclose material cybersecurity information, today’s rules will benefit investors, companies, and the markets connecting them.” Continue reading
Seven Automakers to Build North American Charging Network
The awakened policy shift from partisanship toward cooperation in saving the planet for the pernicious effects of climate change, aka global warming, is the latest beneficial result of the Biden Administration’s Inflation Reduction Act, which in part is using once eschewed and mocked national industrial policy to effectively serve all – as in We the People – in the US. The socialist aspects of the policy also have larger global benefits as well. Continue reading
Renault and Nissan Settle Definitive Agreements
The upside for all who remain is survival in a difficult environment, in AutoInformed’s view. At the very least it locks in some badly needed economies of scale. It follows a general realignment ongoing at other global automakers. As with all such strategic agreements, announcing them is one thing. However, building a culture of shared trust across vast, diverse enterprises is quite another matter as the sorry Carlos Ghosn saga illustrated. Continue reading
Teamsters Union Agrees with UPS on New Contract
The Teamsters said today that it has reached what it called “the most historic tentative agreement for workers in the history of UPS, protecting and rewarding more than 340,000 UPS Teamsters nationwide.” The contract raises wages for all workers, creates more full-time jobs, and includes dozens of workplace protections and improvements. The UPS Teamsters National Negotiating Committee unanimously endorsed the five-year tentative agreement. The agreement increases the pressure on automakers to settle with the UAW under the ongoing contract negotiations. Continue reading
Artificial Intelligence – J.D. Power and Palantir Technologies
J.D. Power, a data and analytics company today announced a collaboration with Palantir Technologies Inc., (NYSE: PLTR) to develop generative artificial intelligence (AI) and predictive analytics solutions that it claimed, “will facilitate deeper insights and more strategic decision making by … Continue reading
Stellantis and Samsung SDI to Build Second US Battery Plant
“This new facility will contribute to reaching our aggressive target to offer at least 25 new battery electric vehicles for the North American market by the end of the decade,” said Stellantis CEO Carlos Tavares. “We are continuing to add more capacity in the United States together with our great partner Samsung SDI and laying the next steps to reaching our carbon neutrality commitment by 2038.” Continue reading
Tesla Safety Recalls for Safety Systems and Seat Belts
Tesla is recalling 2023 Model S, Model X, and Model Y vehicles. The forward-facing camera may be misaligned, causing some of the active safety features such as emergency braking, forward collision warning, and lane assist to become unavailable without alerting the driver. Tesla is also recalling 2021-2023 Model S and Model X vehicles. The front-row seat belts may not be connected properly to the pretensioner anchors, which can cause the seat belts to detach. Continue reading
Toyota and Lexus Recalling Numerous Vehicles for Bad Airbags
Toyota is recalling model year 2023 Corolla, Corolla Cross, Corolla Cross Hybrid, Highlander, Highlander Hybrid, Tacoma, 2023 Lexus RX350, RX350 Hybrid, RX500 Hybrid, 2023-2024 Lexus NX250, NX350, and NX350 Hybrid vehicles because of potentially defective airbags. Continue reading
Posted in manufacturing, quality, recalls
Tagged American Furukawa, auto industry commentary, autoinformed.com, fmvss 208, Ken Zino, NHTSA 23V480
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Honda Halting Lawn Mower Production in US
Significantly, by the end of September, NCM will discontinue production of gasoline lawnmowers “due to market forces” such as stricter environmental regulations and shifting customer preferences to become the sole producer of Honda ATVs in North America,allowing SCM to expand Honda side-by-side production of Pioneer and Talon sports models. Continue reading
Porsche to Buy All of IT Consultancy MHP
The global auto industry is in the midst of a digital transformation after a century of blacksmithing metals. Internal processes, customer interactions, computer-based charging or other services are all becoming competitive requirements. Continue reading →