-
Recent Posts
- Revised Auto Forecasts Assume Slight Iranian War Effects?
- Sudden Power Loss – Ford Motor Recall Parade Persists
- GM Expands Owners’ Manual Recalls
- Andretti Global Rules Inaugural Java House Grand Prix
- American Axle – UAW Demands Released Before Contract End
- J.D. Power – Dealer Service Satisfaction High, But…
- Legal Tariffs – Detroit Diesel to Add Third Shift, Recall Laid Off Workers
- Porsche AG Reorganization 2.0 or The New Strategy 2035
- Hit-And-Run Crashes at Record High
- Honda Heritage Parts Program Debuts
- IndyCar – Freedom 250 to Run Past U.S. Capital
- Instrument Panel Display Failures – Honda, Acura Recalls
- Ford Recalls 850,000 Bronco, Edge SUV Rear View Cameras
- Ford Recalls Escape, Explorer, Lincoln Aviator, Corsair SUVs
- Silverado and GMC HD Pickups Recalled for Sudden Stalling
Recent Comments
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
- UAW Ford Department Director VP Laura Dickerson on Trump's Ford Plant Visit on Whitmer Stands in Stark Contrast to Trump at Detroit Auto Show
- Ken Zino on Ford Fuel Injector Leak Recall Now at ~694,000
Archives
Meta
Category Archives: economy
Porsche 2030 – More Than 80% All-Electric New Vehicles
“We continue to hope for a cessation of hostilities and a return to diplomacy. The safety and integrity of the people are paramount. To help people in need in Ukraine, Porsche AG has donated a total of €1 million. Experts are continuously determining the degree of impact on Porsche’s business activities in a task force. The supply chains for Porsche plants have been affected, which means that on-schedule production is no longer possible in some cases.” Continue reading
Putin’s War Clouds BMW Group Media Day
Unaddressed in formal statements were two key concerns for the German auto industry – Germany’s over-dependence on Russian natural gas, and it’s dealings with totalitarian communist states including China where BMW and other German makers, suppliers and brands have extensive holdings – Audi, Daimler, Mercedes-Benz, Porsche, among others. Continue reading
US Airline Passengers Up in Jan 2022. Still Down from 2020
This of course was long before Putin’s war against democracy in Ukraine and economic sanctions were imposed, with more likely. Following are BTS data points. Continue reading
BMW Group Posts Record Revenues, Earnings, Profits for 2021
Deliveries were up 8.4%, to 2,521,514 units, of which 13% were electrified vehicles (328,314 units, +70.4% YOY). Group revenues rose to.€111,239 million (prev. yr.: €98,990 million, +12.4%). Group net profit reached a new all-time high of €12,463 million (prev. yr.: €3,857 million, +223.1%). Continue reading
West European Car Sales Flat Before Russian War On Ukraine
Our 2022 PV forecast has become more cautious since last month as supply bottlenecks are expected to be exacerbated from Russia’s invasion of Ukraine and the resulting sanctions. The selling rate is still anticipated to improve over the course of 2022 but at a slower rate than we forecast last month. Aside from the supply disruption, downward pressure is building on underlying demand through inflation and confidence,” LMC warned. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Putin’s War, Ukraine, West European Car Sales
1 Comment
State of Our Union and the Auto Industry
The auto industry’s economic impact reaches all 50 states, sustaining 10 million American jobs and more than $650 billion in paychecks. The Biden Administration – in the face of Republican opposition and treasonous praise for Putin’s war against Ukraine – has proposed a forward-looking plan that will help the auto industry continue to provide economic growth via a cleaner, safer and smarter automotive future. We need to control our destiny here. This is clear. We need to rid ourselves of alleged leaders who mock our alliances, favor rich despots and are long on talk, but weak on foreign policy and even weaker on our defense. Continue reading
Ford “Suspends” Russian Van Manufacturing and Sales
Today Ford Motor said its Russian operations of commercial van manufacturing and Russian sales through a minority interest in the Sollers-Ford joint venture are suspended effective immediately. Continue reading
Ukraine – Dialogue And Diplomacy Are Only Way Forward
“The current tensions primarily affect ordinary people, disrupting their lives on a daily basis and increasing uncertainty for their future. It is also destabilizing the entire region, adding to the economic and social hardship. IndustriALL Global Union and IndustriALL European Trade Union urge the relevant policy makers from Ukraine, the Russian Federation, the USA, the EU and international organizations to redouble their efforts to focus the process towards one of dialogue and political solutions to ensure a stable peaceful outcome for Ukraine, and to guarantee security for Europe and Ukraine’s neighboring countries. Continue reading
Michigan Gives $7.5m to Ford for Corktown Innovation District
Anchored at the Michigan Central Train Station, which Ford originally announced support for in 2018, the district will be a state-of-the-art facility that will serve as a “globally-recognized hub for talent, mobility innovation, entrepreneurship, sustainability, affordable housing, small business opportunities and community engagement.” Since 2018, Ford has been in the process of investing $740 million in the 1.2-million-square-foot campus, which is expected to hold 5,000 Ford and non-Ford workers. Continue reading
Global Light Vehicle Sales Improved in January 2022
Nonetheless, LMC noted that supply chain issues remain the “key headwind for demand, though last month also saw the rapid spread of Omicron deal a blow to some potential market activity. Reports of an improving supply environment in some markets, including China, means the worst of the crisis is likely over, it remains the key headwind to sales during 2022, overshadowing concerns over inflation and a more subdued economic outlook.” Continue reading
BMW Manufacturing is Largest US Auto Exporter Again
Forget Trump’s wrong assertion that trade is a zero-sum game and failed trade war, BMW Manufacturing led the US in automotive exports by value for the eighth consecutive year, according to the U.S. Department of Commerce. During 2021, BMW Plant Spartanburg exported 257,876 BMWs with a total export value of more than $10.1 billion. Continue reading
US Scheduled Airline Passengers Up Under Biden
During 2019, the last full calendar year before the onset of COVID-19 and the botched Trump Administration non- or anti-response, domestic flights accounted for 88% of all passengers, and international flights accounted for 12%. During 2021, domestic flights accounted for 91% of all passengers, and international flights accounted for 9%. Continue reading
Building Forward Better – President Biden, DOT, DOE Announce $5B National EV Charging Network
“A century ago, America ushered in the modern automotive era; now America must lead the electric vehicle revolution,” said U.S. Transportation Secretary Pete Buttigieg. “The President’s Bipartisan Infrastructure Law will help us win the EV race by working with states, labor, and the private sector to deploy a historic nationwide charging network that will make EV charging accessible for more Americans.” Continue reading
Biden Administration Cuts Republican Budget Deficit by 66%
Biden Administration Cuts Republican Budget Deficit by 66% Continue reading
SEC – New Rules on Climate-Related Disclosures for Investors
The required information about climate-related risks also would include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to assess a registrant’s exposure to such risks. No doubt the anti-environment anti-democracy pro-Putin Republican party will fiercely fight the SEC. The global auto industry is rushing to address climate change with its headlong rush into electric vehicles. This should clarify the ongoing avalanche of green statements from makers and suppliers and help customers understand how committed the companies are. Continue reading →