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Category Archives: economy
COVID-19 – Large Holes in US Social Safety Net on Paid Sick Leave as Social Distancing is Mandated by President Trump
The U.S. and South Korea are the only two countries in the Organization for Economic Cooperation and Development where paid sick leave is not guaranteed, according to a 2018 report from UCLA’s World Policy Analysis Center. Continue reading
SEC Sets Guidelines for Virtual Annual Shareholder Meetings
Affected parties can announce in filings made with the SEC the changes in the meeting date or location or the use of “virtual” meetings without incurring the cost of additional physical mailing of proxy materials. Continue reading
Trump Declares COVID-19 National Emergency
This means that he is correcting or allowing to come about what were his previous misstatements this week. Continue reading
Porsche Proposes 41% Dividend Rise at May Annual Meeting
The increase in Porsche SE’s proposed dividend is disproportionately higher than the increase in result. This growth come from the dividend proposal of Volkswagen AG, which increased the payout rate to 24.5%, after 20.4% in the prior year. Continue reading
Posted in economy, financial results
Tagged auto industry commentary, autoinformed.com, COVID-19, Kenneth Zino, Porsche SE dividend
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COVID-19: Globally – Ford Motor Employees to Work Remotely
“In recent days, though, we concluded the issue has taken on a different dimension,” said Ford, “ and (we )are continuing to act in real time to keep our people safe and help limit the spread of the virus in communities where we live and work… Continue reading
Volkswagen Condemns USWNT Exploitation of Women
USSF President Carlos Cordeiro’s weak and mild expression of regret on Wednesday night came after The Coca-Cola Co. lambasted the federation for supporting lesser pay for its female stars. Coca-Cola called the federation’s assertion in documents filed earlier this week “unacceptable and offensive.” Continue reading
National Debt Projections – Off the Chart Before COVID-19
Debt held by the public is a measure that indicates the extent to which federal borrowing affects the availability of private funds for other borrowers. All else being equal, an increase in government borrowing reduces the amount of money available to other borrowers, putting upward pressure on interest rates and reducing private investment. It is the measure of debt most often used by CBO in its reports on the budget. The cost of growing debt increases the finance payments of new and used vehicles. Continue reading
Posted in economy, financial results, results
Tagged auto industry commentary, autoinformed.com, cbo, Kenneth Zino, Tax Cut Deficit, US National Debt
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IMSA Delays Twelve Hours of Sebring to November 2020
Notably, IMSA said nothing about the growing public health crisis and its potential dire effects on fans. IMSA is owned by NASCAR, which has just banned fans from races. Continue reading
Posted in economy, environment, people, racing
Tagged auto industry commentary, autoinformed.com, COVID-19, IMSA Sebring, Kenneth Zino
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Coronavirus Disease 2019 (COVID-19) in the US
CDC is recording an outbreak of respiratory illness caused by a novel (new) coronavirus, aka COVID-19. The Data are at least one day old and note comprehensive. Continue reading
Posted in customer satisfaction, economy, news analysis, people
Tagged auto industry commentary, autoinformed.com, COVID-19, Kenneth Zino
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NASCAR Still Racing So Far, Buffers and Restrictions Added
NASCAR has added an infectious disease specialist to its consulting physician group to provide technical assistance and to inform policy. In following with these discussions and guidance from this counsel, NASCAR is implementing several adjustments to race event operations effective this weekend at Atlanta and remaining in effect indefinitely. Continue reading
FAA Helping Airlines on COVID-19 Cancellations
The FAA is waiving the 80% use requirement through 31 May 2020 for U.S. and foreign airlines that have affected flights. In doing so, the FAA “expects that U.S. carriers will be accommodated with reciprocal relief by foreign authorities at airports in their countries and may determine not to grant a waiver to a foreign carrier whose home jurisdiction does not reciprocate.” Continue reading
COVID-19 Chaos as LMC Automotive Cuts Global Light Vehicle Sales Forecast by 3.7 Million Units
Whether you believe there is a public overreaction or that COVID-19 is actually a public health crisis headed for pandemic status, there is no denying the expected negative impact it will have on the economy and auto industry. Continue reading
COVID-19: 2020 New York International Auto Show Delayed
As AutoInformed said then, “The show’s fate of course will be determined by public health departments at the city, state and federal levels. At the moment there is no known vaccine for preventive or ameliorative use against COVID-19.” This still applies despite of the denials and obfuscation of the central government. Continue reading
Posted in economy, marketing, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, COVID-19, Kenneth Zino
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Trump Deficit Growing: $625 Billion FYTD – $80B Higher YoY
Net interest on the public debt rose by $5 billion (or 17%), mostly because of a different rate of inflation. Continue reading
Hyundai Revives Job Loss Protection. Genesis Joins
Originally started in January 2009 as a result of the financial crisis, the Hyundai Assurance Job Loss Protection program was the first of its kind for an automaker in the U.S. Continue reading →