Category Archives: people

Gasoline National Average Moves Higher Near $4 Gallon!

“Instability along the Strait of Hormuz is contributing to the increase at the pump and pushing crude oil prices toward $80 per barrel. Most states are still averaging less than $4 per gallon. Earlier this year, the national average remained in the $4 range all of April and May and most of June. Last time the national average was $4 or above was on June 17 when it was $4.02,” AA said. Continue reading

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Auto Lending – BMW i Ventures Takes Piece of KredosAi

BMW i Ventures* said today that it is the lead investment in KredosAi, a Seattle-based AI company helping businesses recover revenue.**The $7 million Series A round, led by BMW i Ventures with participation from maiden investors Motley Fool Ventures and … Continue reading

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Bridgewater Interiors Workers Ratify New UAW Contract

UAW members who build seats for Ford F-150 pickup trucks and Dodge RAM Trucks have ratified a new contract by ~80%, the UAW said today.

“UAW Local 400 members at Bridgewater Interiors are another example of workers in the IPS sector [Independent Parts Suppliers – AutoCrat.]*who are ready to stand up and win their fair share,” said UAW President Shawn Fain. “They don’t treat IPS CEOs like second-class citizens. So why do they treat IPS workers that way? Whether you build axles or seats, the days of allowing IPS workers to be treated like second class citizens is ending.” Continue reading

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IMSA Watkins Glen: Cadillac, Corvette, Porsche Run Solid

The four IMSA WeatherTech SportsCar Championship classes ran at Watkins Glen International for the third IMSA Michelin Endurance Cup race of the season last weekend.* The 3.4-mile, 11-turn road course was used for IMSA and the Sahlen Six Hours of The Glen. Cadillac Racing dominated at Watkins Glen International with Jack Aitken, Earl Bamber and Frederik Vesti winning from the pole in the No. 31 Whelen Cadillac V-Series.R in the Sahlen’s Six Hours of The Glen. Bamber, Aitken and Vesti led 143 of 182 laps to score their second season victory and their record-extending eighth podium finish. The streak is the longest in IMSA GTP history since 2023. They also won last month in Detroit. Continue reading

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Milestones – 15 Million Honda Accords Sold in U.S.

The 15 millionth Accord, a 2026 Accord Sport-L Hybrid, was purchased from Norm Reeves Honda in Cerritos, Calif. by Andrea, a 26-year-old insurance agent from Southern California. Her new Accord replaces a 2017 Accord Sport that was passed down by her father, whose first vehicle purchase in 1997 was also a Honda Accord. Andrea’s younger sister, Alondra, also purchased a new Honda Accord from the same dealership that day. The 24-year-old chose a 2026 Accord Sport-L Hybrid and is now the owner of the 15,000,001st Honda Accord sold in America. Continue reading

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UAW to “Practice Pickett” Tomorrow at Woodward MPC

More than 800 members of UAW Local 5101, representing workers at Woodward MPC, have voted by 71% to authorize a strike after months of company stall tactics and unfair labor practices during contract negotiations the UAW claims. Woodward workers voted … Continue reading

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Trumped! – 2026 Vehicles Sales Forecasts All Down

“The top theme over the last year or so has really been affordability, and this isn’t only related to the auto industry but really about everything facing consumers. And the issue is ALL about purchasing power or more clearly – the erosion of purchasing power for many Americans over the last several years. We’ve all seen new highs in the stock market that have happened many times this year, and those equity gains and asset appreciation really help high income households. Those consumers are driving a lot of consumption across the economy, but the wealth effect gains are concentrated at the very top of the pyramid. The vast majority of the US population sees little gain from the wealth effect and their number one source of income are the paychecks they take home every week. That’s why inflation matters,” said Jeremy Robb, Chief Economist Cox Automotive. Continue reading

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Porsche AG Board Drastically Cuts 2025 Annual Dividend ~50%

“This is a responsible approach for the company and its stakeholders,” said CEO Dr Michael Leiters. “We are ensuring financial flexibility during this transformational phase and systematically supporting our strategic realignment. The management’s goal remains to sustainably strengthen the robustness of the business model and create long-term value.” Continue reading

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AAA – Independence Weekend Travel Forecast Flat

AAA projects 61.4 million people will travel by car over July 4th week, nearly the same number as last year when 61.3 million travelers took road trips. 85% of Americans traveling for Independence Day are expected to drive to their destinations, despite gas prices reaching four-year highs. Last year, the national average for a gallon of regular gasoline was $3.15. This year, prices are higher but remain lower than 2022, when the national average was $4.80 on Independence Day. Despite higher gas prices, filling up the tank during a road trip is still cheaper than purchasing flights for many travelers, especially for families with kids. Continue reading

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UAW Local 2093 Members Ratify New American Axle Contract

“Not only did they take care of the legacy people that were here and made the tough decisions back in 2008 to keep the place open, they took care of the people working there today,” said UAW Region 1D Director Steve Dawes. “They also took care of all the future generations that will come to work here in Three Rivers, Michigan, at American Axle.”

Over the ten-day strike, UAW Local 2093 members attracted the interest and support of local community and political allies from across the state, including Governor Gretchen Whitmer, Lieutenant Governor Garlin Gilchrist, Secretary of State Jocelyn Benson, State Senator Sean McCann, Three Rivers Mayor Angel Johnston, U.S. Senate candidate Abdul El-Sayed, candidate for Michigan Attorney General Eli Savit, among others. Continue reading

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Data Center Tax Abatements Threaten State Budgets and You

A new analysis released today from Good Jobs First finds that state and local governments are losing tax revenue to data center subsidies at an unprecedented rate, with costs rising sharply in states that disclose the value of their tax breaks and many others still failing to report the losses at all. Transparency also remains a large issue: 14 states with data center tax exemptions still do not publish comprehensive annual revenue-loss figures, making it difficult for lawmakers and taxpayers to understand the true cost of the incentives.* [In short, taxpayer’s pockets are being picked by wealthy firms and special interests. While local programs such as school or library budgets are potentially hurt. Homeowner property taxes could rise drastically the over the shortfalls. – AutoCrat] Continue reading

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Why Wars Are Costing Motorists So Much

From our friends across the pond comes a timely warning today about wars and government fuel economy policies. [AutoInformed is thinking here about the relaxation of fuel economy standards by the Trump mis-administration, as well as its foreign wars and … Continue reading

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Striking UAW Reaches Tentative Agreement at American Axle

After walking out on strike at midnight on June 1, UAW Local 2093 members at American Axle/Dauch Corporation have reached a tentative agreement with the company, the UAW said last night. The as yet unratified contract gets the workers’ “topline demand” of $30 per hour by 2030, a more than 36% increase to the top wage rate over four years. The UAW claimed there are other “historic gains in a record contract” at the Tier 1 parts supplier to GM.

“Tonight, after 10 days on strike, I am proud to announce that UAW Local 2093 has reached a tentative agreement at American Axle,” said UAW President Shawn Fain. “And tonight, after 18 years of sacrifice, these workers are finally winning back a big chunk of what was taken from them.” Continue reading

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Beware! Catalytic Converters are Pursued by Thieves

“There are a wide range of vehicles impacted, and most of these are pickup trucks and SUVs, which tend to sit higher off the ground, making it easier for thieves to get in and out,” said Patrick Olsen, Editor-in-Chief at CARFAX. “Experts also tell us that while thieves can make anywhere from $25-$300 for a standard catalytic converter, converters from hybrid vehicles can sell for up to $1400 because they have even more of those precious metals inside.” Continue reading

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Magna CEO Swamy Kotagiri Speaking on Decisions That Will Shape the Next Decade of Automotive Manufacturing

“There is no single future. We are no longer moving towards one predictable outcome. We are navigating in multiple plausible futures or paths at a time, and you see that in the different adoption curves. Across regions, you see different investment logic across companies and obviously different policy priorities by margin. Electrification is a good example. The direction is clear for the long term. But the pace and the path are not uniform, and that creates fragmentation. Product mix evolves differently by region. We are seeing that investment timing varies. Industrial policies influence footprint decisions in real time.

“Historically, success came from getting the forecast right. Today’s success comes from staying effective when the forecast is wrong. So the shift is pretty fundamental from optimizing for one expected future to building systems that can perform across several realities. So that’s a different capability and increasingly a competitive one,” said Magna CEO Swamy Kotagiri. Continue reading

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