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Category Archives: auto news
SEC Charges Goldman Sachs for Ignoring ESG Investment Policies, Procedures
To make the charges go away, GSAM agreed to pay a $4 million penalty. AutoInformed notes with no insider knowledge of this matter whatsoever or holdings of Goldman products to the best of its knowledge, that this is a minor parking ticket. Could it be that the SEC was perhaps lagging in its regulatory duties under the previous administration, and is now using this as a public relations ploy as it plays catch-up monitoring such investments? Continue reading
Porsche Showing 911 Dakar at LA. Honda Wins Baja 1000
Welcome to the confusing world of performance car and truck racing and production car and truck marketing. There are clear differences in the vehicles, but the promotional aspects are virtually identical. Continue reading
Death of the Diesel – CARB Tightens Off-Road Equipment Regs
The amendments will require fleets to phase-out use of the oldest and highest polluting off-road diesel vehicles in California; prohibit the addition of high-emitting vehicles to a fleet; and require the use of R99 or R100 renewable diesel in off-road diesel vehicles. These vehicles are the second largest mobile source of NOx in California, only exceeded by trucks on roads and highways, aka on-road trucks. Continue reading
Toyota bZ Compact SUV Debuts at LA Auto Show
“We’ve only just begun to scratch the surface of the Beyond Zero moniker,” said Toyota group vice president and general manager David Christ. “With an aerodynamic design coupled with intuitive tech features never before seen in a Toyota model, the bZ Concept showcases another possible vision of the very near future with our battery electric vehicles.” Continue reading
GM Raises 2022 Earnings, Offers 2023-25 Performance Goals
General Motors Co. (NYSE: GM) at its annual investors’ meeting in New York City significantly raised its 2022 financial results predictions. GM now projects full-year 2022 adjusted automotive free cash flow will increase to $10-11 billion from its previous guidance of $7-9 billion. GM now projects 2022 EBIT-adjusted for the full year will be in a range of $13.5-14.5 billion, compared to its previous guidance of $13-15 billion. Continue reading
Chinese Government Intelligence Officer Sentenced to Prison
Yanjun Xu, 42, was sentenced to 20 years in prison. According to court documents, Xu targeted American aviation companies, recruited employees to travel to China, and solicited their proprietary information, all on behalf of the government of the People’s Republic of China (PRC). The Justice Department and the FBI of course are involved in other grave national security matters that if indictments come won’t require extradition of the alleged offender and co-conspirators from Mir-a-Lago. Continue reading
California Leading Transition to Clean Fuels, Technologies
Since California is the fourth largest economy in the world*, it will have a tremendous impact on other US States and international economic blocks as the demand created for cleaner fuels and methods will be a so-called virtuous circle that encourages innovation and then adoption of what emerges for economies of scale. Continue reading
Big Oil Rebuff as Nel ASA, GM Unite on Renewable Hydrogen
A PEM electrolyzer and a fuel cell are largely based on the same principles. A PEM electrolyzer uses electricity and water to produce hydrogen and oxygen, while a fuel cell reverses the process, using hydrogen and oxygen to produce electricity and water. Continue reading
President Biden at COP 27 Pledges US Leadership on Solving the Climate Crisis
The bold initiatives ended a week when the Climate Change and Election Denying Republican party , the GOPe-nope-dopes, were thumped in US mid-term elections that they and their propaganda outlets falsely predicted would be a red tsunami. Continue reading
Hyper Marketing as Mercedes-AMG ONE Sets Nordschleife Record
Mercedes-AMG is the first car manufacturer to have run the Nürburgring Nordschleife with such a hypercar and set official records there just by finishing. It does allow for hyper marketing though, so to speak. The Mercedes-AMG ONE is therefore not only the absolute fastest road-legal vehicle on the Nordschleife, but also first – for the moment in AutoInformed’s understanding until, say, McLaren, Aston Martin and Ferrari show up – in the Nürburgring “super sports car” category. Continue reading
Posted in marketing, milestones, performance
Tagged auto industry commentary, autoinformed.com, hyper cars, Ken Zino, Mercedes-AMG ONE, Nordschleife
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Honda Posts a Profit of ¥453.4B for First Half FY Results
“This was due primarily to increased pricing, a reduction of incentives, an increase in motorcycle sales and favorable currency effects,” Honda said. Continue reading
Milestones: 75 millionth Opel – Grandland GSe
Opel recently announced 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. Continue reading
CARB – Discounted ZEV Landscape Equipment Offered
Qualified small business landscape professionals starting today can purchase discounted zero-emission lawn mowers, blowers and other landscape equipment through a new category of funding offered through the California Air Resources Board’s Clean Off-Road Equipment Voucher Incentive Project (CORE).* Administered by … Continue reading
Posted in environment, news analysis
Tagged auto industry commentary, autoinformed.com, CALSTART, CORE, Ken Zino, landscaping
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Hypercar Hype – Praga Bohema Prototype Shown
“Yet it is also comfortable and practical for head-turning road trips,” Praga said. The Bohema’s interior has a narrow, aerodynamically defined cockpit that it’s claimed seats two, 6.5-feet-tall adults with fully adjustable driver’s seat, steering wheel and pedals, generous luggage space, aircon and useful rear visibility. Only 89 of the $1.31million cars will be built with “potential” sales and aftersales partners in countries including Australia, Germany, Hong Kong, Japan, South Africa, Spain, Taiwan, UAE, UK and the US. Continue reading →