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Category Archives: auto news
Stellantis to Spend ~€130M in the Eisenach Assembly for EVs
Opel announced last fall that it would revive GSe as a new sub-brand for electrified models with GSe now standing for Grand Sport electric. The Opel Grandland GSe follows the Astra GSe and the Astra Sports Tourer GSe. Opel claims it is a high-performance, plug-in hybrid with electric all-wheel-drive in the SUV compact class, arguably the fastest growing segment in Europe and Asia. The Opel Grandland currently produced at Eisenach includes plug-in hybrid variants. Opel wants a fully electric lineup by 2028. Continue reading
John Dion to be Chief Transformation Officer at Struggling Ford
Ford Motor reported a disappointing 2022 full-year net loss of $2.0 billion. During Q4 of 2022 Ford posted an adjusted EBIT $10.4 billion, and operating cash flow $1.2 billion for the quarter, $6.9 billion for the year. This was in stark contrast to GM, which reported a record $14.5 billion in earnings for 2022. (autoinformed.com: GM Posts Record $14.5 Billion in Earnings During 2022) “We should have done much better last year,” said CEO Jim Farley at the time. “We left about $2 billion in profits on the table that were within our control, and we’re going to correct that with improved execution and performance.” Continue reading
BMW Manufacturing Spartanburg Supports 43,000 SC Jobs
The plant’s direct employment base also accounts for 4.8% of all manufacturing jobs across South Carolina. The former Confederate state of South Carolina is currently enmeshed in battle over whether or not to impose the death penalty for abortions. BMW Manufacturing has a Family Health Center at its South Carolina plant for all BMW workers, retirees and their dependents with occupational, primary care services, as well as vision, dental and physical therapy. The combination of cost savings and the benefits of having medical services all in one location offer the company’s non-unionized workforce a progressive option in their healthcare management. The center is a $5 million investment in a 25,000 square foot facility. To say that this would be a politically sensitive at a woke German automaker is an understatement. Continue reading
More Ford Recalls Published – Millions of Vehicles Involved
According to the latest safety defect recalls made public this morning by the National Highway Traffic Safety Administration, aka NHTSA, Ford Motor Company is also recalling numerous vehicles that have not been published by AutoInformed. These include recalls for windshield wipers, brake calipers, brake hoses, and towing trailer tail lights. In some cases millions of vehicles are involved. Continue reading
American Honda Recalls 450,000 Vehicles for Bad Seat Belts
Registered owners of all affected vehicles will be contacted by mail and asked to take their vehicle to an authorized Honda dealer. The vehicles covered by the safety defect recall are: 2017-2020 model-year CR-V, 2018-2019 Accord and Accord Hybrid, 2018-2020 Odyssey, 2019 Insight, and 2019-2020 Acura RDX vehicles. Continue reading
New Mercedes-Benz GLB Mild Hybrid Shown in Europe
In Stuttgart today Mercedes Benz released European photos of the 2024 Mercedes-Benz GLB mild hybrid that will appear in US showrooms later in 2023. Basically it’s a freshening of the compact SUV with a redesigned front bumper and contoured side graphics. There are now new full-LED headlights and taillights, along with a range of expanded options, including two additional wheel designs in 18- and 20-inch sizes and new Starling Blue Metallic paint. Continue reading
Higher US Electricity Rates Lowers EV Charging Satisfaction
“Whether you’re an automaker, dealer or utility company participating in the EV ecosystem, improving the EV owner experience with respect to home charging should be a common goal shared by all,” said Brent Gruber, executive director of the EV practice at J.D. Power. Continue reading
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
Mazda Exporting US-made CX-50 to Mexico from Toyota JV
Mazda North American Operations (MNAO) today announced it has begun to export its US-assembled CX-50 crossover to Mexico, where it only has 18 years of operation. The CX-50 is assembled at Mazda Toyota Manufacturing (MTM), a joint venture in Huntsville, … Continue reading
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
Kodlin Customizes a BMW R 18 B Motorcycle
For the first time, Fred Kodlin has customize a BMW together with his son Len – the BMW R 18 B. Kodlin is of considerable reputation in certain Harley-Davidson circles. Since the 1990s, his custom bikes have won various Daytona shows – say, Rats Hole and Boardwalk – regularly. A native German, he was the first non-US citizen to be inducted into the Sturgis Hall of Fame. Continue reading
Ford Motor Recalls 2023 Model Year Transit Vans
These vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 103, Windshield Defrosting and Defogging Systems, Ford said in the required NHTSA falling just made public. Ford said it is aware of 35 reports related to this safety defect received between 14 January 2023 and 11 February 2023. Continue reading
Ford Axle Recalls on 2023 F-150, Expedition, Lincoln Navigator
The driver may hear a loud noise when the pinion breaks or as the drive shaft and flange hit the frame cross member and stability bar after pinion fracture. The failure mode could occur at any time in 4×4 application but is expected to occur primarily while in reverse as the pinion is subject to higher loads. Continue reading
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
Auto Rag Trade – Hyundai Re:Style 2023 Haute Couture
‘Hyundai Re:Style Exhibition’ will be presented at AP Again in Seongsu-dong for three weeks starting 23 March, following a private gala preview event later tonight. As the first ‘Re:Style’ exhibition to be held in Korea, the opening is also in line with the global launch of the all-new KONA Electric. Continue reading →