Category Archives: auto news

New Mustang For 2024 NASCAR Cup Series Shown

Posted on 1 November 2023 by Ken Zino

Based on the seventh-generation Mustang, this Dark Horse version means that starting in 2024, Mustang will be eligible to race on six continents. Continue reading →

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Toyota Posts FY2024 Q2 Net Income of $18.4 Billion

Posted on 1 November 2023 by Ken Zino

“We are grateful for the support of many stakeholders, from production to logistics, sales, and services, including suppliers. As a result of selling each car meticulously at prices that match the product appeal refined through Toyota’s ‘making ever-better cars’ initiative, operating income increased from the same period of the previous fiscal year,” Toyota said. Continue reading →

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Chinese Vehicle Market Sales Strong in September

Posted on 31 October 2023 by Ken Zino

“We expect sales to remain strong in the coming years. This month we have again increased our full-year 2023 forecast, this time by 300,000 units, bringing the full-year forecast to 28.9 million units, a year- on-year increase of 8%. However, it should be noted that near-term downside risks exist, mainly from the liquidity crisis in the real estate sector – said to directly and indirectly account for 25% of GDP-  declining exports, and high youth unemployment,” said the GlobalData Forecast Team. Continue reading →

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Urban Automotive Custom Rolls-Royce Ghost at SEMA

Posted on 31 October 2023 by Ken Zino

Urban Automotive, a customizer of luxury automotive brands, showed its Rolls-Royce Ghost on Milltek Corporation stand at SEMA 2023. It has carbon fiber styling “upgrades, now distributed in the USA officially and exclusively by Milltek as Urban Automotive USA.” Continue reading →

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BMW Recalls 2023-24 Driver Assist Systems

Posted on 31 October 2023 by Ken Zino

BMW of North America is recalling 2023-2024 740i, 740i xDrive, 760i xDrive, i7 eDrive50, i7 xDrive60, i7 M70, 2024 750e xDrive, 530i, 530i xDrive, i5 eDrive40, and i5 M60 vehicles. During assembly by the supplier Autoliv Romania the ground connection to the steering wheel may not have been attached according to specifications. This could affect the functionality of the hands-on detection system due to the possibility of misreading the electrical capacitance in that location, which means the emergency braking mode of the driver assist system won’t work. Continue reading →

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Ford Performance Parts, Packages – Mustang, Bronco, Ranger

Posted on 31 October 2023 by Ken Zino

Ford Performance Parts (NYSE: F) is showing what it calls “concept packages” today at the SEMA Show that will be available to customers starting in 2024. They were created in response to customer feedback, Ford said. The packages will be available via the Ford Performance Parts website or through a dealer accessory counter. Pricing for each package will be revealed nearer each package’s on-sale date, while either a Ford dealer or ASE-certified shop can perform the installation. Continue reading →

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Stellantis Posts Q3 Sales Up 37%. Pre-Tax Profit €3B

Posted on 31 October 2023 by Ken Zino

Stellantis* today posted a pre-tax operating profit of €3 billion. The company that is partly comprised of Jeep, Dodge Jeep and Ram said the strikes cost it around €750 million. However the strikes – characterized as “work stoppages”- resulted in … Continue reading →

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UAW October Sweep – GM and UAW Tentative Agreement

Posted on 30 October 2023 by Ken Zino

“GM is pleased to have reached a tentative agreement with the UAW that reflects the contributions of the team while enabling us to continue to invest in our future and provide good jobs in the US,” said GM Chair and CEO Mary Barra, just minutes ago. Continue reading →

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Unifor Stellantis Agreement Good for All Workers in Transition

Posted on 30 October 2023 by Ken Zino

“After a short strike throughout the night Unifor has reached now a tentative agreement with Stellantis. The deal came about around 7:00 AM this morning, after bargaining throughout the night. And yes, as you can tell all of those here are tired, but also very, very proud of the work that we’ve done for Canadian auto workers. ” said Unifor National President Lana Payne said late this afternoon at a hotel in Toronto. Continue reading →

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Ford EV Charging Network Grows by 25%

Posted on 30 October 2023 by Ken Zino

Ford Motor said today that customers can now access three new charging providers – Francis Energy, Blink and Red E across the US. and Canada with embedded charger routing and simple payment options via FordPass. The three new companies bring more than 10,000 new chargers to the network, including more than 550 new DC fast chargers. Blink, Francis Energy and Red E join the existing BlueOval Charge Network providers: Shell Recharge Solutions, Electrify America, EVgo, ChargePoint, FLO, EV Connect, and Electric Circuit for a total of ~106,000 charging stations. Continue reading →

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Unifor and Stellantis Have Tentative Contract in Canada

Posted on 30 October 2023 by Ken Zino

“I am proud of our members at every Stellantis facility for their quick and decisive action during this brief and effective strike action,” said Unifor National President Lana Payne. “This agreement will considerably improve the living standards of every Unifor member at Stellantis.” Continue reading →

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UAW has Tentative Agreement With Stellantis

Posted on 29 October 2023 by Ken Zino

“Once again, we have achieved what just weeks ago we were told was impossible,” said UAW President Shawn Fain. “At Stellantis in particular, we have not only secured a record contract, we have begun to turn the tide in the war on the American working class. Going into these negotiations, the company wanted to cut 5000 jobs across Stellantis. Our Stand Up Strike changed that equation. Not only did we not lose those 5000 jobs, we turned it all the way around. By the end of this agreement, Stellantis will be adding 5000 jobs. We truly are saving the American dream.” Continue reading →

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Stellantis Invests in Chinese Leapmotor to Expand EV Sales

Posted on 27 October 2023 by Ken Zino

“As consolidation unfolds among the capable electric vehicles start-ups in China, it becomes increasingly apparent that a handful of efficient and agile new generation EV players, like Leapmotor, will come to dominate the mainstream segments in China,” said Stellantis CEO Carlos Tavares. Continue reading →

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Ford Motor 2023 Q3 Net income $1.2 Billion

Posted on 26 October 2023 by Ken Zino

“I’m very optimistic about the reality we’re creating with Ford+,” said President and CEO Jim Farley. “We’re building a more dynamic, highly talented and customer-focused company at the intersection of great vehicles, iconic brands, innovative software and high-value services.

“We’re also radically changing how we work with a series of actions that put the right people with the right capabilities in the right places across the organization, so that our promise isn’t masked by cost and quality issues,” Farley claimed. Continue reading →

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Consumer Spending Spree – October US Auto Sales

Posted on 26 October 2023 by Ken Zino

Total US new-vehicle sales during October 2023 are forecast to reach 1,201,800, a 6.6% increase from October 2022, according to numbers just released by J.D. Power and GlobalData.* The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.5 million units, up 0.9 million units from October 2022. Retail buyers are on pace to spend $43.7 billion on new vehicles, up $0.3 billion from October 2022. Continue reading →

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