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Category Archives: global warming
Ford to Take $1B Charge to Buy Back Expensive Debt
Last April, Ford sold $8 billion of bonds as the coronavirus pandemic closed Ford’s factories with a corresponding drop in sales. Actions such as the debt tender offer and the issuance of 0% convertible notes earlier this year, together with a “bet on the come line” of awaited broader access to capital from the new sustainable financing framework, combine with Ford’s objectives to further strengthen its balance sheet and financial flexibility and return its credit ratings to investment grade. Continue reading
Toyota Georgetown Kentucky Plant Set for $461M Upgrade. Lexus Manufacturing Leaving US
According to the Japanese global automotive giant, an investment of $461 million will add advanced manufacturing equipment and technologies, coupled with facility layout improvements, which will increase the plant’s operational speed, flexibility and competitiveness. These improvements will expand TMMK’s ability to produce new products, including future electrification. Continue reading
Ford, Newlab Announce Five Cleaner Transportation Startups
“Together, Ford and Newlab are building upon our nation’s goal of reducing carbon emissions and the effects of climate change by advancing commercial fleet electrification,” said Matt Stover, director of charging and energy services, Ford Motor Company. Continue reading
Ford Motor Earns $3.0 Billion in Q3
Third-quarter revenue of $35.7 billion was down from the same quarter a year ago. Semiconductor availability remains a challenge, but “markedly improved from the second quarter, propelling sequential increases in wholesale shipments and revenue of 32% and 33%, respectively.” Continue reading
GM to Expand EV Charging – 40,000 Stations, New Smart Chargers
Through the GM Dealer Community Charging Program, its dealers to set up Level 2 charging stations (EVSE) at key locations in the dealer’s respective communities, including workplaces, multi-unit dwellings, sports and entertainment venues, college, and universities. These charging stations will be available to all EV customers, not just those who purchase a GM EV. Today, nearly 90% of the U.S. population lives within 10 miles of a GM dealership. The first Ultium Chargers will ship early next year with customers able to roll the price into their GM Financial lease or financial contracts.
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Stellantis, Samsung SDI JV for NA Battery Manufacturing
The latest Joint Venture for Lithium-Ion Battery Production in North America comes just days after Stellantis announced that it had entered with LG Energy Solution a memorandum of understanding to form a joint venture to produce battery cells and modules for North America. Thus the battery gold rush among major automakers continues with vast unknowns on how EVs will pan out among consumers. Continue reading
France – HYVIA JV Unveils First Hydrogen Prototype
Next prototypes to come include a Master Chassis Cab H2-TECH,a large van with more cargo space (19m3) and a range of about 250km; Master Citybus H2-TECH, an urban minibus that can carry up to 15 passengers for businesses, municipalities, and local public services, with a range of about 300km. Continue reading
Stellantis EV Trifecta – $229 Million to Three Kokomo Plants
In the U.S., Stellantis’ LEV mix for passenger cars and light-duty trucks is expected to be more than 40% by 2030. The Company is targeting for the total cost of ownership – not buying price – of EVs to be equivalent to internal combustion engine vehicles by 2026. Continue reading
Posted in electric vehicles, global warming, manufacturing
Tagged auto industry commentary, autoinformed.com, chrysler, Dodge Stellantis, jeep, Ken Zino, ram
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Shareholders Vote to Spin-off of Daimler Truck, Rename Daimler AG to Mercedes-Benz Group
About 3000 viewers followed the virtual Extraordinary General Meeting on the Internet. A bare majority of 56.45% of the share capital was represented. Continue reading
Climate Change Car Wars – GM to Reach 100% Renewable Energy in 2025
It’s the latest p.r. shot in the car marketing wars by automakers that no longer can deny the real life and planet threatening damages incurred by fossil fuel use. Continue reading
Posted in auto news, electric vehicles, environment, global warming, manufacturing, milestones, news analysis, public health
Tagged auto industry commentary, autoinformed.com, EPA Energy Star, global warming, GM renewable energy at its plants, Ken Zino, Kristen Siemen, renewable energy
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Climate Change – EPA Targets Hydrofluorocarbons Again
A global phasedown of HFCs is expected to avoid up to 0.5 °C of global warming by 2100. This final rule will phase down the U.S. production and consumption of HFCs by 85% during the next 15 years, as mandated by the American Innovation and Manufacturing (AIM) Act that was enacted in December 2020 after the environmental hater “global warming is a Chinese hoax” was evicted by voters the month before from occupying the Whitehouse. Continue reading
Lithium-Sulfur – Better than Lithium-Ion Battery?
Whether this is a genuine breakthrough or just another silly-CON (Do you know the ways of San Jose? Privately held until the IPO?) remains to be validated by vehicle use on the road and ultimately adoption by major automakers. Lyten expects full production and market availability for ‘25-‘26 model year vehicles. Continue reading
De-Carbonize the Police. Ford Submits EV to Michigan
Ford said it will use the pilot program testing as a benchmark while it continues to explore purpose-built electric police vehicles in the future. Law enforcement demand for all-electric vehicles is growing globally because of the dire climate change crisis and increasing regulations banning fossil fuel vehicles. Last week, Ford introduced a new Mustang Mach-E police concept car in the United Kingdom. Continue reading
Is China Now Clearly in the EV Affordability Lead?
This of course is not good news for occidental auto conglomerates or their customers, which through a forced combination of government regulation, shareholder pressure and consumer sentiment are investing billions in EVs to solve the very real and deadly problem of fossil fuel use, which has increasingly visible negative health and climate effects. Continue reading
Posted in economy, environment, global warming, news analysis
Tagged auto industry commentary, autoinformed.com, china, climate change, EVs, fossil fuel, Ken Zino
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California, New Zealand, Québec Sign Joint Agreement on Net Zero Green House Gases
The Joint Declaration accepts the urgent need to reduce greenhouse gas emissions in accordance with the latest findings of the Intergovernmental Panel on Climate Change. It acknowledges the common intent of the three jurisdictions to transition toward net-zero greenhouse gas emissions while creating new, quality jobs in low- or zero-emission sectors and facilitating a just transition for people impacted by the shift towards a carbon neutral economy. Continue reading →