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Category Archives: auto news
Genesis Slowly Expanding US EV Sales
Genesis Motor America, in collaboration with Electrify America, offers three years of 30-minute complimentary charging sessions from the date of vehicle purchase.* Owners of the 2023 GV60 and Electrified G80 have access to hyper-fast charging on Electrify America’s coast-to-coast charging network and can seamlessly locate and access charging stations while on the road via the Genesis Connected Services and Electrify America mobile apps. Continue reading
US Trade Deficit Grows in 2022 as Economy Recovers
For 2022, the goods and services deficit increased $103.0 billion, or 12.2% from 2021. This is the largest deficit on record as the economy continued to recover as consumers and businesses purchased higher amounts of machinery, car components, industrial supplies, medicines among other things. Exports increased $453.1 billion or 17.7% . Imports increased $556.1 billion or 16.3%. Continue reading
Renault and Nissan, Mitsubishi Alliance to Restructure
The transactions contained in the agreements would be subject to regulatory approvals, and completion is expected to occur in the fourth quarter of 2023. In the tangled web of individual country industrial policy this brings some measure of stability to a global, multi-national, politically diverse enterprise as the movement to electrified vehicles and other earth-saving technologies continues. The 24-year-old Alliance covers 100% of the world’s major global vehicle markets with Euro 85 billion in annual purchases. It already shares 60% of its vehicle platforms, and up to 90% of EV architectures, noted Jean-Dominique Senard, Chairman of the Alliance Board at the press conference. The upside for all is survival in a difficult environment, in our view. Continue reading
Alpine, Audi, Ferrari, Honda, Red Bull Ford, Mercedes-AMG are V6 Power Unit Suppliers for Formula One in 2026
AutoInformed suspects that we will ultimately hear from General Motors and Honda, perhaps as suppliers to the New Andretti Formula One Team that is currently under FIA consideration. Also will Aston Martin stay with Mercedes? And who will Audi supply or will it just be the factory team? Continue reading
US Light Vehicles Sales in January 2023 Weak at 1 Million
The usual problems remain – record high transaction prices, economic uncertainty, the Federal Reserve’s determination to send the economy into a recession via its ongoing interest rate increases, skimpy inventory caused by supply chain disruptions for some major automakers, notably Ford and Toyota – all make for a rerun of the flop show Pandemic Blues. So good luck reopening that show in 2023 with the same cast and plot. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, David Oakley, GlobalData, Jeff Schuster, Ken Zino, lmc automotive, nada, Patrick Manzi
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Ford Misses Q4 and Full Year 2022 Forecasts. Loses $2B
Nevertheless, Ford declared a regular dividend of 15 cents per share, plus supplemental dividend of 65 cents per share, enabled in part by the “nearly complete monetization of stake in Rivian Company.” Ford anticipates full-year 2023 adjusted EBIT of $9 billion to $11 billion and adjusted free cash flow of about $6 billion. Continue reading
Annals of Marketing – GM and Netflix Promoting EVs
“Entertainment has a huge impact on culture. We want to make EVs famous on streaming, small and silver screens to build an EV culture through storytelling that incorporates the experiences of driving and owning an EV,” said GM Global Chief Marketing Officer Deborah Wahl. Continue reading
Nissan Shows Max-Out EV Convertible Concept
The Nissan Max-Out in Nissan marketing/styling jargon is “created on the fundamental concept of being one with the car…two-seater convertible is designed to provide a liberating sense of openness while offering an enhanced, dynamic driving experience. The Max-Out displays Nissan’s innovation to develop a diverse range of advanced and striking vehicles, with a clear vision of how they can benefit both individuals and society.” Continue reading
Toyota Joins Third Row Parade – First-Ever Grand Highlander
“A unique SUV with room for all and the ‘stuff’ we need, Grand Highlander is the active family cruiser fit for everything from short excursions to cross-country adventures. With a spacious third row with ample legroom for adults and children coupled with enough cargo space to fit seven pieces of luggage in the back – the freshly designed, three-row SUV is fully functional for the road ahead,” Toyota said. Continue reading
Mercedes-Benz Adds 2024 GLE 400e 4MATIC Plug-In Hybrid
The GLE 400 e 4MATIC is equipped with a permanently excited 134 hp synchronous motor, for a combined system output of up to 381 hp and 479 lb.-ft. of system torque. The Hybrid drive program provides the electric driving mode for the most appropriate driving situations. During city driving, the GLE prioritizes electric driving. With an Off-Road drive program, the plug-in hybrid can also drive electrically on off-road terrain. The GLE 400 e 4MATIC is available with a standard 11 kW AC on-board charger as well as an optional 60 kW DC charger. Continue reading
Three Rows Have It – 2024 Mazda CX-90 Debuts
In a nod to US tastes and market reality, Mazda North American Operations today introduced the first-ever 2024 Mazda CX-90 due at dealers this spring. Built on Mazda’s new large platform, the three-row crossover with seating for up to eight passengers becomes the company’s new flagship vehicle that is wider and longer than any previous Mazda before after its long-standing hookup with a leading SUV maker, Ford Motor, which ultimately dissolved. Continue reading
Posted in marketing, new vehicle, news analysis
Tagged auto industry commentary, autoinformed.com, Ken Zino, Mazda CX-90
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Ford Motor Cuts Prices on Mustang Mach-E
Ford Motor said today it is increasing production of the Mustang Mach-E and reducing prices* to keep it competitive in the growing EV marketplace. Virtually all of Mustang Mach-E’s growth to date is incremental to the Ford brand with two-thirds … Continue reading
IMSA Rolex 24 at Daytona Thrills Largest Crowd in History
What was said to be a record crowd at the Rolex 24 at Daytona this past weekend were on hand to view some of the closest, fierce racing in recent IMSA history that resulted in several cars contending up to … Continue reading
Posted in marketing, performance, racing
Tagged auto industry commentary, autoinformed.com, IMSA Rolex 24 At Daytona, Ken Zino
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Mercedes Donates Emergency Earthquake Aid in Turkey, Syria
Mercedes-Benz Group said in Stuttgart today that it is donating one million euros to the German Red Cross (GRC) for the people in Turkey and Syria affected by the severe earthquakes. The donation will be used for emergency humanitarian aid on the ground in order to quickly provide the suffering population with the bare necessities. The relief operation of the GRC has already started. Mercedes-Benz is in contact with major aid organizations. Continue reading →