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Category Archives: economy
Census Bureau – 26% of Adults Struggle on Expenses
Of pressing concern – adults living in households not current on rent or mortgage, 30.6% report eviction or foreclosure in the next two months is somewhat or very likely. Continue reading
Posted in economy, people
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, Ken Zino, U.S. Census Bureau
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April Sales Shower US Market More than 18 Million Times
This refreshing rejuvenation is partly the results of improved social, health and economic conditions under the successful Biden Administration that acted urgently to quell the largest public health crisis in US history that the previous Administration either ignored or promoted. Enjoy the flowers that are coming your way. Continue reading
Record year for California Climate Investments
Despite Republican opposition, Californians have gained from these CARB investments through improved public health, fire prevention, affordable housing and energy efficiency, as well as significant reductions in emissions of greenhouse gases. To date, California Climate Investments projects have helped plant more than 133,000 urban trees, reduced smog-forming and other air pollutants by more than 60,000 tons, added more than 7,200 new affordable housing units, and saved Californians almost $93 million through water energy‑efficiency projects. Continue reading
2021 Chicago Auto Show Set for July 15-19
The move comes as a growing body of evidence shows that because of vaccine-resistance the US will never have enough people with vaccinations to reach so-called herd immunity whereby the virus has no easy means to spread. Continue reading
Posted in economy, environment, marketing
Tagged 2021 Chicago Auto Show, auto industry commentary, autoinformed, autoinformed.com, Ken Zino
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Q1 US Real Gross Domestic Product at 6.4% Annual Rate
Commerce says that real gross domestic product increased at a 6.4% annual rate. Personal consumption expenditures increased by a vigorous 10.7% annual rate, while business investment in equipment and intellectual property products continued to grow steadily. Continue reading
US Household Pulse – 32% Face Eviction or Foreclosure
Roughly 20% of adults expect someone in their household to experience a loss in employment income in the next 4 weeks, based on responses collected March 3 to March 15. Crueler, 31.5% report eviction or foreclosure in the next two months is “somewhat or very likely.” Continue reading
Posted in economy, people
Tagged auto industry commentary, autoinformed, autoinformed.com, Census Household pulse survey, Covid, Ken Zino
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Census Survey – Stimulus Payments Eased Financial Suffering
Data from the US Census Bureau clearly support the need and positive effects of stimulus payments, unlike the failed Republican tax cuts for the rich that did not result in increased investments in the US economy because the off-shore holdings were largely fictional tax dodges not real investments in overseas businesses. Continue reading
Covid Curse – EU Sales Drop 19% in February, -22% YTD
With 771,486 units registered across the EU region, according to ACEA, this marked the lowest February total on record since 2013. All four major EU markets recorded losses last month. Italy posted the smallest drop (-12.3%), while the other markets faced stronger deterioration: Germany (-19.0%), France (-20.9%) and Spain (-38.4%). Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed, autoinformed.com, Covid, Ken Zino
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Winter Storms Clobber Texas Small Businesses Unduly
There were, however, no questions about their impact on Cancun Ted Cruz’s taxpayer funded vacation that was widely documented in the media. Consider that it’s while designed to measure changing business conditions during the coronavirus pandemic, the SBPS also captures the impact of natural disasters on small business. The picture above documents the damage Texas Governments did to their own small businesses. Continue reading
Stellantis Reports Legacy FCA, PSA 2020 Financial Results
Nonetheless Stellantis was profitable in 2020 despite COVID-19 with 7.1% Automotive adjusted operating margin at €3.4 billion. Its 9.4% H2 Automotive adjusted operating margin was a record. The net result of group share was €2.2 billion with €2.7 billion Automotive free cash flow and a €13.2 billion Automotive net financial position. Continue reading
Posted in economy, financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, carlos tavares, fca, Ken Zino, Stellantis
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SEC Starts Task Force on Climate Change Investment Risks
What this means, in short, is that things are getting tougher for companies that are part of the global warming crisis or want to profit from investors who wish to support firms that are run on an environmentally friendly basis. but wish to avoid the consequences. Environmental, social, and governance (ESG) criteria are an “increasingly popular way for investors to evaluate companies in which they might want to invest,” said the SEC. In the financial markets, mutual funds, brokerage firms, and robo-advisors now offer products that employ ESG criteria. ESG criteria can also help investors avoid companies that might pose a greater financial risk due to their environmental or other practices. Continue reading
Posted in auto news, economy, environment, fuel economy or emissions, global warming, milestones, mobility company, news analysis, public health
Tagged auto industry commentary, autoinformed, autoinformed.com, climate change financial risks, ESG, investors and global warming, Ken Zino, sec
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Porsche SE Profit For Fiscal Year 2020 Forecast at €2.6 Billion
The group result after tax of Porsche SE is influenced significantly by its equity result from the capital stake in Volkswagen AG of currently about 31.4%, and thus by the group result after tax of Volkswagen AG. Continue reading
Census – 35% of Households Say it is Difficult to Pay Expenses
Better late than never. But for the suffering it’s small compensation for enduring a seditious President for four years who – based on his actions in office was unemployed all the while being pampered, housed, fed and subsidized – aka welfare for the rich – by taxpayers he disdains. Continue reading
Posted in economy, people
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, US Census Pulse Survey
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Pandemic Negative Impact on Global Auto Industry Is Permanent. Debate is over How Bad and Who Gets Hurt
LMC says globally the Pandemic recovery is a K-shaped curve. There are winners and losers. Continue reading
Nissan Reports Weak Q4, Full Year 2020 Financial Results
Free cash flow for the automotive business was a negative 391.0 billion yen. Nissan claims it has sufficient liquidity to steer through a challenging business environment. At year-end, cash and cash equivalents for the automotive business totaled 1.9 trillion yen. Automotive net cash was 636.0 billion yen. In addition, the company continues to have access to approximately 2.2 trillion yen in unused committed credit facilities. (Nissan Establishes Carbon Neutral Goal for 2050) Continue reading →