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Category Archives: auto news
US Trade Deficit Continues at $45 Billion a Month
The drop in imports portends shortages, which could harm both consumer and business spending. The coronavirus epidemic has upset businesses and production in China, with an extension of the Lunar Year holidays cutting output in an effort by the Chinese government to constrain its spread. This likely will be repeated in the US economy as the epidemic spreads here. It’s too soon to see the potential negative effects on the auto industry, but disruptions are likely given China, South Korea and Mexican trade in automotive goods. Continue reading
More Management Changes at Profit Challenged Daimler
The reorganization at Daimler continued today at Daimler in Investor Relations and Greater China. Olaf Schick is to take over Finance & Controlling at Daimler Greater China replacing Steffen Hoffman. Hoffmann will take over as Head of Investor Relations on 1 April 2020 with the current head, Björn Scheib, leaving the company by “mutual agreement,” after 11 years in the position. Continue reading
Ford to Offer All-Electric US Transit in 2022
Built in the U.S. with imported parts from lower wage areas, the all-electric Transit will be “connected,” providing fleet owners with in-vehicle high-speed data architecture and cloud-based services to offer unspecified new ways to optimize fleet performance. Continue reading
Posted in electric vehicles, environment
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, Transit EV
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New York Auto Show Claims It Will Happen
The show’s fate of course will be determined by public health departments at the city, state and federal levels. At the moment there is no known vaccine for preventive or ameliorative use against COVID-19. Continue reading
Posted in economy, environment, people
Tagged auto industry commentary, autoinformed.com, coronavirus, COVID-19, Javits Center, Kenneth Zino
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First Look – Hyundai Prophecy EV Concept
In the styling babble “Prophecy follows suit with an iconic silhouette of perfect proportions that have been inspired by an aerodynamic design. Leveraging the extended wheelbase and shorter overhang, Hyundai’s designers have achieved the Ultimate Automotive Form, thanks to a new EV architecture defined by pristine surfaces and pure volume in combination with aesthetic harmony and functionality.” Continue reading
Limited Edition of 500 Giulia GTA Sedans Appear in June
Perhaps more significant is the Giulia GTAm, a100% “street legal” version of the GTA, with two racing seats, roll bar and 6-point safety belts. On GTAm, the aerodynamic front piece has been optimized to an “extreme level, by adding a larger front splitter and a real carbon rear wing, which ensure a perfectly balanced load at high speeds.” Continue reading
Posted in marketing, new vehicle, performance, racing
Tagged alfa romeo, auto industry commentary, autoinformed.com, COVID-19, Giulia GTA and GTAm, Kenneth Zino, scca
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Coronavirus Spreads – Geneva Motor Show Cancelled
The Swiss Federal Council today decreed that no events with more than 1,000 people are allowed to take place until 15 March 2020. The decision came just 3 days before the opening of the exhibition to the media. The situation changed with the appearance of the first confirmed coronavirus diseases in Switzerland. It has of course appeared in the U.S., which appears to be completely unprepared. Continue reading
Posted in auto news, news analysis, people
Tagged auto industry commentary, autoinformed.com, coronavirus, geneva motor show, Kenneth Zino
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Actor Steven Seagal Settles SEC Charges
The SEC’s order finds that Seagal violated the anti-touting provisions of the federal securities laws. Without admitting or denying the SEC’s findings, Seagal agreed to pay $157,000 in disgorgement, which represents his actual promotional payments, plus prejudgment interest, and a $157,000 penalty. In addition, Seagal agreed not to promote any securities, digital or otherwise, for three years. Continue reading
Posted in people
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, sec, Steven Seagal
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FedEx and Chanje to Develop Charging Infrastructure
This makes it one of the largest deployments of integrated charging infrastructure by a single commercial fleet so far. FedEx has been using all-electric vehicles as part of its pickup-and-delivery fleet since 2009. Continue reading
Electric Vehicles – a Virus That Can’t Be Controlled?
Riddell in essence poses this riddle: When buying an IC car today, a larger engine is a big cost option, and for a BEV, a bigger ‘gas tank’ is a major, high-cost feature. Will this continue? Can this continue? Based on past behaviors, cost is a major inhibitor to adaption of advance technologies. Continue reading
Goodyear to Release High Efficiency and Extreme Traction Tire
Scheduled to be publicly released later this year on the Peugeot 2008, 3008, 5008, DS3 Crossback, and DS7 Crossback models, the avanced tire has traction to meet the severe snow 3PMSF requirement while also delivering rolling resistance performance as an A-class tire. This allows both premium traction and premium fuel efficiency – a benefit from rolling resistance performance. Continue reading
Kia ABS Modules Can Short Circuit
Kia has known about the problem, but not the cause, since April 2017. KMC will now conduct a recall of Sedona and Sorento vehicles to prevent key OFF engine compartment fires by depowering the HECU when the vehicle is in the ignition key OFF setting. Continue reading
Posted in electronics, recalls, safety
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, kia recalls, NHTSA 20V088000
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Kathrin Kerls New Chair of Board of Management BMW Bank
The current Chairman of the Board of Management of BMW Bank GmbH, Hans-Jürgen Cohrs, will step down on 1 April, but will support his successor during the initial phase until he retires on 30 June 2020. Continue reading →