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Category Archives: auto news
January 2022 US Sales Off 9%. Chips, Supply Chain Issues Bite
Even with an average $45,000 transaction price squeezing people, retail demand remained the driving force of the market because the wealthy fared very well during the Covid crisis. The Biden Administration’s economic recovery, in AutoInformed’s view, also played a huge roll with its surging job creation and forward thinking Build Back Better strategy universally opposed by the Republicans who are largely responsible for the covid disaster that destroyed the US economy. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, January 2022 US sales, Ken Zino, lmc automotive
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GM Posts Record $10.4B Earnings in 2021
Part of the record results came from execution by an all-star management team of a timely strategy, part from strong demand for what in AutoInformed’s view are the strongest product lines in GM’s history. However, vehicles it sold globally dropped to 6.3 million, -8% from 2020 and a drop of -18% from Covid-free 2019. Continue reading
First Wireless EV Charging Road Slated for Michigan
“As we aim to lead the future of mobility and electrification by boosting electric vehicle production and lowering consumer costs, a wireless in-road charging system is the next piece to the puzzle for sustainability,” said Governor Whitmer. Continue reading
Rolex 24 – Cold Beginning to Start a Sizzling Racing Season
GTD Pro – a new class this year – was the most entertaining racing in AutoInformed’s view. This was a take no prisoners bumping, sideswiping paint-swapping exhibition at high speeds. Mathieu Jaminet and the No. 9 Pfaff Motorsports Porsche 911 GT3 R emerged from a door-banging match with the nearly identical No. 2 KCMG Porsche driven by Laurens Vanthoor through Daytona International Speedway’s Le Mans Chicane on the very last lap of the Rolex 24 At Daytona. It was that way for the two factory Porsche drivers during the final two hours. Continue reading
Posted in milestones, news analysis, racing
Tagged auto industry commentary, autoinformed.com, Daytona, imsa, Ken Zino, Rolex 24 At Daytona
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Ford Pro Using Lightning EVs in Pilot Farming Study
Winegrowers rely daily on their trucks to haul fertilizer and fuel tanks, water and portable bathrooms. Some vehicles log upward of 50,000 miles a year, traveling between properties from Cloverdale to Petaluma. Operating these vehicles and maintaining them, are among an organization’s largest expenses. At Dutton Ranch, which runs a fleet of ~70 work vehicles, fuel costs average $5,000 per month. The prospect of reducing that monthly expense is critical to operations moving forward. Electric vehicles, coupled with the solar power that many Sonoma County ranches already generate and store, represent another way to help offset rising fuel costs. Large Ford pickup trucks and SUVs of course consume enormous amounts of fossil fuels each day. Continue reading
Posted in connected vehicles, electric vehicles, energy, environment
Tagged auto industry commentary, autoinformed.com, Bevill Vineyard Management, Build Back Better Act Decreases Budget Deficit, Dutton Ranch, E-Transit, F-150 Lightning, Ford Pro, Ken Zino, Sonoma County, Vino Farms, Winegrowers
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First Mazda CX-50 off line at Toyota JV in Alabama
Mazda North American Operations (MNAO) produced the first 2023 Mazda CX-50 at Mazda’s new Huntsville, Alabama plant. Mazda Toyota Manufacturing (MTM) is a $2.3 billion joint venture between Mazda Motor and Toyota. The CX-50 is made for the North American … Continue reading
Corvette Racing at Daytona – Same or Different?
Corvette Racing returns to the Daytona after a 1-2 finish in 2021 for the mid-engine Corvette C8.R as part of the GT Le Mans (GTLM) category, which ended at the end of the 2021 season. The new GTD-PRO Corvette C8.R will look similar to the GTLM. A revised wing profile will mean a slightly different level of down-force at the rear of the Corvette. The C8.R will run on customer Michelin tires, under GTD regulations. Continue reading
Kia America – EV6 Starts at $33,400 with Taxpayer Funding
The first dedicated Kia battery-electric vehicle comes to the US in a few weeks after a global reveal last March. EV6 goes on sale in all 50 states, but the performance GT version won’t be available until late 2022. So much for Kia’s original positioning as the sporty brand within the Hyundai Korean auto conglomerate. Continue reading
Posted in electric vehicles, marketing, prices
Tagged auto industry commentary, autoinformed.com, Ken Zino, Kia EV6
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EVs – at $7B GM Makes Largest Announcement in History
“Today we are taking the next step in our continuous work to establish GM’s EV leadership by making investments in our vertically integrated battery production in the U.S., and our North American EV production capacity,” said Mary Barra, GM Chair and CEO. Continue reading
Daytona This Weekend Starts 2022 IMSA Racing Season
The pole is significant beyond it starting position because this is the second yearpoints for qualifying count in the IMSA WeatherTech SportsCar Championship. Last year, the No. 31 Action Express Racing Cadillac DPi-V.R claimed the Daytona Prototype international (DPi) championship over WTR by 11 points – the same margin it gained in qualifying points during the course of the 2021 season. Kamui Kobayashi in the No. 48 Action Express Racing Cadillac DPi V.R was third in the DPi class grid with co-drivers Mike Rockenfeller, Jimmie Johnson and Jose Maria Lopez. Continue reading
Second Shift at GM Oshawa Assembly is Half Women
Pickups trucks are GM’s largest and currently the most important market segment in North America. The Oshawa plant – once doomed only a couple of years ago as GM prepared to abandon it because of NAFTA and archaic attitudes toward labor, will help GM meet demand for trucks. Oshawa Assembly is now one of the most flexible and advanced of its kind in the industry, GM claims. Oshawa began shipping trucks to dealers in December 2021. Continue reading
Posted in manufacturing, people
Tagged auto industry commentary, autoinformed.com, Ken Zino, Oshawa Assembly, Silverado pickup
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GM Lockport Components Plant to Build EV Stators
EV production – particularly final assembly is a huge concern for unions globally. “It’s pretty easy to build an EV since there are fewer components, and there are no EPA requirements or fluids,” Joe McCabe the CEO of AutoForecast Solutions told AutoInformed at a meeting of the International Motor Press Association earlier this week. Robots or non-skilled labor can do most of the work. Continue reading
Cadillac V-Series Line Adds 2023 Escalade
AutoInformed is guessing that it will have the supercharged 6.2-liter V8 engine as the new CT5-V Blackwing. Installed there, it is rated at 668 horsepower and 649 lb.-ft. of torque. The existing Escalade is rated at at 420 horsepower and 460 lb.-ft. of torque. Next hunch – 10-speed automatic transmission and all-wheel drive. Continue reading
Posted in new vehicle, performance
Tagged auto industry commentary, autoinformed.com, Cadillac V-Series, Ken Zino
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NADA – Light Trucks Dominating Market
According to J.D. Power, the average transaction price for a new light vehicle in January 2022 is expected to reach $44,905. High transaction prices continue to be supported by strong demand and very low OEM discounting. Average incentive spending per unit in January 2022 should total just $1,319, down by $2,163 from January 2021, J.D. Power says. Continued high demand for used vehicles has increased consumers’ equity in their trades. J.D. Power expects the average consumer trade-in equity to be up by 88% year over year for January 2022. Continue reading →