Category Archives: global warming

Shareholder Warning – Ford Delays Next Gen Electric Truck

Electric vehicle consumers currently, so to speak, are more cost-conscious than early adopters, looking to electric vehicles as a practical way to save money on fuel and maintenance, as well as time by charging at home. This, along with numerous new electric vehicle choices coming to market during the next 12 months , as well as rising compliance requirements, has multiplied pricing pressures. In short (groan) all automakers to survive must have  globally competitive cost structure, emphasizing some customer and product segments to ensure profitable growth and capital efficiency. Continue reading

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Customer Deliveries Start – for GMC Sierra EV Denali Edition 1

GMC said today that prospective customers can now purchase the 2024 GMC Sierra EV Denali Edition 1 from dealers across the country. The all-electric pickup truck has 440 miles of GM-estimated range with a full charge [see footnote 1 below], GMC “exclusive” CrabWalk mode [3], MultiPro MidGateTM and 10,000 pounds max towing capacity [4] from a GM-estimated 754 horsepower and 785 lb.-ft. of torque in Max Power mode [2]. This by our count means that GMC is the only US brand now with three EV trucks, which won’t likely last long given the US vehicle popularity of trucks. Just bring money –  prices begin at $97,500, plus the $1995 destination charge. Continue reading

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Acura Performance EV Concept Debuts

“The Acura Performance EV Concept kicks off the exciting next step in our electrification strategy, showcasing the styling direction of our next all-new, all-electric Acura model that will debut next year,” said Mike Langel, assistant vice president, Acura National Sales. “Building on the just-launched all-electric 2024 Acura ZDX, our next all-electric Acura SUV will continue our focus on delivering Acura clients an exhilarating driving experience in the electrified future.” Continue reading

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West European July New Car Market Diesel Share at ~15%

In July, for the 12th month in a row, diesel* captured around 15% of the region’s new car market, according to an analysis released today by the respected GlobalData consultancy.**

“In fact, the preliminary July result was exactly that figure with June being confirmed at 14.2%. July historically is a robust month for diesel sales though the reason for this isn’t clear. So, while the MoM diesel share was positive, the YoY comparison was more negative than seen in June,” said the GlobalData European Light Vehicle Powertrain Forecasting Team. Continue reading

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GM Has Renewable Solar Power Deal for Three Plants

“By expanding our renewable electricity portfolio, we are taking a major step forward in reducing our carbon footprint and advancing our broader sustainability goals,” says Rob Threlkeld, GM director of global energy strategy. “This facility not only supports our renewable electricity strategy, but also demonstrates our dedication to a sustainable future for all.” Continue reading

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Bosch Buys HVAC businesses from Johnson Controls, Hitachi

The businesses Bosch wants to buy had  sales revenue totaling ~€4 billion in 2023, employing ~12,000 people worldwide. The transaction includes 16 manufacturing sites and 12 engineering locations in more than 30 countries. The product portfolio covers vast HVAC products for residential and light commercial buildings. This includes brands such as York and Coleman in the U.S. and Hitachi in Asia, for which Bosch will be granted a long-term license. Continue reading

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Fleet Owners with EVs and Traditional Vehicles Favor EVs

“The electric-vehicle story is much larger than just the retail story,” said Zo Rahim, senior analyst of Research and Market Intelligence at Cox Automotive. “In many ways, electric vehicles can be an ideal solution for many fleet operations, which often have set routes of known distances, vehicles that routinely overnight in the same location, and operations that prioritize the cost of ownership. The fleet business is significant in the U.S. market, and we expect the EV share of the fleet market to expand in the coming years.” Continue reading

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EPA Grant to Holcim U.S. for Clean Cement

In the U.S., Holcim is the largest cement manufacturer and a top five producer of aggregates and ready-mix concrete, with approximately 7000 employees. Holcim’s so-called Environmental Product Declaration (EPD) Accelerator Project will increase the transparency of data on environmental emissions associated with the production of construction materials; generate robust EPDs with a diversity of manufacturers from across the U.S.; and drive market demand for lower carbon construction materials. These projects represent the three construction materials in Holcim’s portfolio: cement, asphalt, and ultra-high-performance concrete. Continue reading

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Polestar 6 Concept EV Hill Climbing at Goodwood

Polestar (Nasdaq: PSNY) is at Goodwood Festival of Speed showing its expanded model line-up with the new Polestar 3 and Polestar 4 electric SUVs joining the Polestar 2. They are accompanied by the Polestar 6 Concept, marking the dynamic debut for the electric roadster concept.

“Now we are a brand with three models in production it’s great to see them here together for the first time at a global event. Goodwood Festival of Speed is full of the most exciting cars and the most enthusiastic crowds,” said Thomas Ingenlath, CEO of Polestar, a Chinese-owned company. Continue reading

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Honda CR-V Fuel Cell EV – $389 a Month!

Honda this week announced lease options for the 2025 Honda CR-V e:FCEV, America’s first production plug-in hydrogen fuel cell electric vehicle. The zero-emissions compact CUV will be available in California starting 9 July, with three leasing options, at $389, $459, and $489 per month. This is a form of space age NASA advanced technology at Honda prices without the requisite trip to the moon, unless you have those views about California. Continue reading

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Stellantis Updates Circular Economy Initiatives at IARC

“Since the introduction of SUSTAINera, in 2022, we achieved very positive results in areas such as parts re-manufacturing, battery recycling and end-of-life vehicles”, said Alison Jones, Senior Vice President of Stellantis’ Global Circular Economy, who delivered a keynote presentation at International Automotive Recycling Congress (IARC), in Antwerp, Belgium. “We remain committed to our target to increase recycling revenues by ten times and achieve more than €2 billion in total circular economy revenues by 2030 – fully in line with Stellantis’ Dare Forward 2030 strategic plan.” Continue reading

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Chinese Trade Wars – Exports Growing, Prices Dropping

Two very real problems are increasing for non-Chinese global automakers. First, is the penetration rate. This is the market share of the vehicles that are the future of the companies that will survive what is an historic reshaping of a global industry. Here, so-called New Electric Vehicles – [NEVs – battery electric vehicles, plug-in hybrids and range-extended electric vehicles combined] that have been heavy promoted, subsidized and pushed forward by the Chinese government are now accounting a 43% share in April, an historic high. The economies of scale are enormous and a clear Chinese competitive advantage. Continue reading

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Stellantis Promise or Puff? – Clean, Safe, Affordable Mobility

No matter how nuanced a view you take, Jeep is central to the plan. The China Leapmotor Strategy is either daft – given the expanding global trade war with China or dictated by reality. Perhaps more significant in this moment, Stellantis re-affirmed its 2024 financial guidance and capital return plan, which promises double-digit Adjusted Operating Income (AOI) margin and positive industrial free cash flows. Stellantis will provide  ≥€7.7 billion in dividends and buybacks during 2024. Continue reading

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EPA 2031 CAFE – EVs, PHEVs, Hybrids Will Grow

For those of you who inhabit the Trump Washington swamp and have misinformation fever, Trump did not decrease the standards as he promised. Incremental increases were slowed down a bit. Enter the Biden Administration, which basically went back to the sharp CAFE increases that occurred under the Obama Administration. Simply put, CAFE will increase because of the significant fines for non-compliance now in place. Continue reading

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GM Annual Meeting Vote Strongly Endorses Board’s Strategy

The first item of business was  the election of 12 directors Each year the shareholders elect directors to serve for the coming year until their successors are elected.* The vote tally was based on the preliminary report provided by the Inspector of Elections, for the first item of business, the election of directors, all of the company’s director nominees were elected. Directors received on average a favorable vote of 97% of the votes cast (it will be official with exact numbers when an SEC filing is made.) More importantly in AutoInformed’s opinion is that all dissident shareholder proposals following that the Board recommended a vote against were soundly defeated. Continue reading

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