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Category Archives: economy
US Airline Employment Above Pre-Pandemic Levels
US scheduled-service passenger airlines employed 533,238 workers in September 2023 or 66% of the industry-wide total. Passenger airlines added 2938 employees in September 2023 for a twenty-ninth consecutive month of job growth dating back to May 2021 as the Biden Administration economic recovery continues. Southwest led scheduled passenger carriers, adding 882 employees. United Air Lines added 736, and Delta Airlines added 708. Continue reading
Mazda Posts Net Income of $7.2 Billion for First Half of Japanese Fiscal Year
“Through the introduction of our Large product CX-90, following the introduction of the CX-60, and ongoing strong performance of mainstay products such as the CX-5, global sales volume increased 20% from the prior year. Other contributing factors were an improvement in market mix with a 40% year-on-year increase in sales in North America, mainly in the high-profit US market,” said Masahiro Moro, President and CEO Mazda Motor Corporation. Continue reading
Posted in auto news, economy, financial results, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Masahiro Moro, Mazda Motor Corporation, Mazda results first half of the Japanese fiscal year April – September 2023
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Voters Blame Oil and Gas Companies for High Energy Prices
New polling from Data for Progress, Climate Power, and Fossil Free Media finds that voters strongly blame high energy prices on large oil companies and their CEOs.* They think, and believe these companies have too much power in government. Yet, voters remain optimistic about a transition away from fossil fuels and toward clean energy. This shall we say “awakened attitude” should be a warning to the fossil fuel dependent Republican party since it is bipartisan. Continue reading
Mixed Signals in October US Transportation Employment
The unemployment rate* in the U.S. transportation sector was 4.8% (not seasonally adjusted) in October 2023 according to Bureau of Labor Statistics (BLS). In October 2023, the transportation sector unemployment rate rose 1.1 percentage points from 3.7% in October 2022 and was above the pre-pandemic October 2019 level of 2.7% but still below the October 2020 and October 2021 rates. Unemployment in the transportation sector reached its highest level during the COVID-19 pandemic (15.7%) in May 2020 and July 2020. Continue reading
Stellantis Posts Q3 Sales Up 37%. Pre-Tax Profit €3B
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
Posted in economy, financial results, manufacturing, marketing, news analysis, results
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, chrysler, Controlled Thermal Resources, Dodge Fiat, fca, Jeep and Ram, Ken Zino, Natalie Knight, Stellantis Q3 2023 results, STLA
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Unifor Stellantis Agreement Good for All Workers in Transition
“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
Posted in auto news, AutoInformed Editorial, customer satisfaction, economy, environment, labor issues, manufacturing, milestones, mobility company, news analysis, people, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, economy, James Stewart, Ken Zino, labor issues, Lana Payne, manufacturing, milestones, Mobility Company, news analysis, Unifor Stellantis 2023 contract agreement.
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Unifor and Stellantis Have Tentative Contract in Canada
“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
Ford Motor 2023 Q3 Net income $1.2 Billion
“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
Consumer Spending Spree – October US Auto Sales
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
Ford Reaches UAW Contract Agreement If Members Vote Yes
“We are pleased to have reached a tentative agreement on a new labor contract with the UAW covering our U.S. operations,” said Ford CEO and President Jim Farley at 8:43 pm tonight in a Dearborn issued statement.
The agreement, of course is subject is dependent on ratification by Ford’s UAW-represented employees. Continue reading
Posted in economy, labor issues, manufacturing, milestones, mobility company, people, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, big three 2023 uaw contract negotiations, Jim Farley, Ken Zino, Shawn fain, stand up strike, uaw, UAW Vice President Chuck Browning, Walter Reuther
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Zero-Emissions Truck Sales Soar in California
“The report makes several important points: users are interested in adopting zero-emissions technology; several manufacturers are stepping up to meet that market interest; and the flexibility that we built in to allow for a phased-in transition toward a zero-emissions future is working,” said Dr. Steven Cliff, CARB’s Executive Officer. “Helping the businesses that rely on trucks to transport goods across the state switch to zero emissions is key to achieving a clean air future, and the data show that progress is well underway.” Continue reading
Posted in economy, environment, fuel economy or emissions, global warming, public health
Tagged Advanced Clean Trucks, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, California Air Resources Board, Dr. Steven Cliff, greenhouse gas emissions, Ken Zino, nitrogen oxide emissions, zero-emissions medium- and heavy-duty vehicles
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Mercedes-Benz Opens First North American EV Charging Hub
Mercedes-Benz USA said today that its first Charging Hub* opened at its headquarters in Sandy Springs, Georgia. Additional charging hubs will open across Texas and the Southeast by the end of 2023. Continue reading →