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Category Archives: economy
Nissan Losses ¥37.8 Billion in Q3. Alliance Still Shaky
As for the unstable Alliance post-Ghosn, “Nissan’s results during the Q3 of fiscal year 2020/2021 (October 1st to December 31st 2020), after IFRS restatements, will have a negative contribution to Renault’s Q4 2020 net income estimated at – €123 million,” Renault said in a separate release. Continue reading
Posted in economy, financial results, results
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, Ken Zino, Nissan Alliance
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Mazda Increases Forecast for Fiscal Year Ending March 31
In a victory of sorts over COVID19, Mazda Motor Corporation today revised upwards its consolidated financial forecast for the Fiscal Year Ending 31 March 2021. Nevertheless Mazda is still losing money and is in a perilous, company-threatening position with huge soaring debt and ongoing breathtaking operating losses. Continue reading
Ford to Upgrade, Expand South African Plant for 2022 Ranger
Silverton will become one of the first Ford plants globally to achieve “Island Mode” status, becoming entirely energy self-sufficient and carbon neutral by 2024. The plant also will manufacture Volkswagen pickups trucks as part of the Ford-VW alliance. Continue reading
Toyota’s 2020 Global Sales down -10.5% Year-on-Year
The best-selling Toyota vehicle from January to December was the RAV4, with global sales of 994,000 units (up 2.9% year-on-year). This RAV4 result was due to strong sales in North America, the primary market, as well as in China, which had sales of 175,000 units (up 37.9% year-on-year). Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, Toyota Motor 2020 Global Sales
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IndustriALL Global, IndustriAll European Trade Union Ask for Justice and Solidarity in Covid Fight
“No continent, no country, no economy, no person will be safe until the whole world is safe. Vaccine nationalism is a short-sighted response to this global problem. It will prolong the pandemic and the threat of new variants endangering us all. We stand for the right of universal access to vaccination,” said IndustriALL. Continue reading
Motor Vehicle, Parts, Supplies Wholesalers Added Sales in 2019
Notably, Petroleum and Petroleum Products Merchant Wholesalers (NAICS 4247) and Metal and Mineral (except Petroleum) Merchant Wholesalers (NAICS 4235) sales decreased in 2019. Continue reading
Stellantis – a Mega Merger of Auto Companies Names Execs
Today Stellantis officially announced its Executive Team along with the 9 dedicated committees* covering enterprise-wide performance and strategy for running the merged FCA and PSA companies. It is the latest merger in the capital-destroying automotive industry that seeks to pursue … Continue reading
Posted in economy, financial results, milestones, news analysis
Tagged auto industry commentary, autoinformed, autoinformed.com, carlos tavares, fca, Ken Zino, PSA
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Toyota Motor North America Reports December 2020 Sales Increase 22.9%. Yearly Sales Drop -11.3%
For the year, Toyota reported sales of 1,837,900 vehicles, down 11.9% on a volume basis and down 12.4% on a DSR basis. Lexus division posted December sales of 38,223 vehicles, up 8.2% on a volume basis and down 3.4% on a DSR basis. For the year, Lexus reported sales of 275,041 vehicles, down 7.7% on a volume basis and down 8.3% on a DSR basis. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, Toyota Motor North America
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Ford Motor 2020 US Sales Plunge -16%
For the year Ford sales dropped -15.6%. Ford sales were hurt by lower F-150 inventories from the ongoing consequences of the Q2 coronavirus production stoppage, which resulted in an awful F-150 transition to a revised pickup. Super Duty sales maintained pace and were up 14.1% while F-150 sales were off, gulp, -32.7%, which will make for a grim Q4 2020 financial loss. At the moment Ford executives appear to be in the automotive industry equivalent of an FBI witness protection program – no more sales results press conferences. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ford Motor 2020 US sales, Ken Zino
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GM 2020 US Sales – Infected by Covid – Are Down -12%
However, on Tuesday it was agreed by most of OPEC that it will keep production stable while Saudi Arabia offered to make a big voluntary cut. The price of oil, as well as when – or if – the US economy recovers are external factors beyond GM’s control that could stop the chortling in Detroit. Continue reading
Commerce – S. Korea, Taiwan, Thailand, Vietnam Tire Dumping
Using Census Bureau trade numbers, AutoInformed figures this involves 85,330,506 tires with a value of more than $3.5 billion. The case will drag on well into this year. Continue reading
Small Business Pulse Weak – Large Negative Covid Effects
A tip of the AutoInformed racing helmet to Census Bureau employees for doing their jobs whilst under constant and ongoing attacks from the Republicans and COVID19. Help is on the way for others, but it took the election of President Biden to signal the beginning of the beginning of recovery on 20 January 2021 at noon. Better late than never. But for the suffering it’s small compensation for enduring a 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
November EU Commercial Vehicle Sales Flat. YTD -20%
Year-to-date reflects the ongoing Covid catastrophe. Sales at 1.5 million units were down -20.3% 11 months into 2020. All EU27 markets – including the four major ones – have recorded double-digit declines so far in 2020, although less steep than in the preceding months: Spain (-28.4%), France (-18.4%), Germany (-16.3%) and Italy (-15.6%). Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed, autoinformed.com, COVID-19, eu commercial vehicle sales, Ken Zino
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GM Investing $76 Million in Tonawanda, Parma Plants
The Tonawanda investment will be used to increase capacity on the engine block machining line and the Parma investment will be used to construct four new metal assembly cells to support increased truck production volumes. Continue reading
General Motors Posts 2020 Earnings of $6.4 Billion. Q4 at $2.8B
GM Financial reported record full-year EBT-adjusted of $2.7 billion. GM North America posted full-year EBIT-adjusted of $9.1 billion, and EBIT-adjusted margin of 9.4%. GM International lost money at a full-year EBIT-adjusted of $(0.5) billion with China Equity Income of $0.5 billion. Cruise struggled with a full-year EBIT-adjusted loss of $(0.9) billion. Continue reading →