Category Archives: mobility company

Penske Automotive Group Posts Q2 2026 Earnings Decline

Posted on 29 July 2026 by Ken Zino

“In the second quarter of 2026, our diversified business delivered over 125,000 retail automotive units and more than 5400 commercial truck units. Retail automotive same-store revenue increased 6%. Retail automotive new and used vehicle gross profit per unit remained strong and consistent when compared to the first quarter of 2026, and service and parts gross margin increased by 80 basis points. Additionally, I am encouraged with the trends we are experiencing across the commercial truck market from an improved freight environment, driving strong orders of Class 8 trucks,” Chair Roger Penske said. Continue reading →

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Stellantis Sells Free2move to a Private Equity Firm

Posted on 28 July 2026 by Ken Zino

Stellantis and Mutares said today that they have an agreement for the sale of Stellantis’ entire shareholding in the Free2move car-sharing business to Mutares. The transaction is expected to conclude by the end of 2026, subject to customary closing conditions. This strategy move of shedding companies is a core part of Stellantis’ FaSTLAne 2030 plan. Under it, financially ailing Stellantis will focus investments and resources to the regions, brands and technologies that it thinks can generate the strongest returns. Continue reading →

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EPA Certifies Higher Estimated Range for 2027 Volvo EX60

Posted on 24 July 2026 by Ken Zino

“After its debut earlier this year and the opening of U.S. order books in May, the EX60 positions Volvo Cars in the mid-size electric SUV segment, the largest and fastest-growing category in the electric vehicle market. The game-changing SUV offers impressive range, fast charging, and exceptional performance – all at a competitive price,” Volvo Car claimed. Continue reading →

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Penske Automotive Group Increases Dividend Again!

Posted on 23 July 2026 by Ken Zino

Penske Automotive Group, Inc. (NYSE: PAG) today announced that its Board of Directors has approved a quarterly dividend of $1.44 per share, an increase of $0.02 per share (+1.4%), bringing the annualized dividend to $5.76 per share. This represents the Company’s 23rd consecutive quarterly dividend increase. It comes as a proposal to take PAG private for $210 per share was announced.*

“Our continued dividend growth reflects the strength of our business and disciplined capital allocation strategy,” said Robert H. Kurnick, Jr., President of Penske Automotive Group. “We remain committed to creating shareholder value through a balanced strategy that includes dividends, securities repurchases, and strategic acquisitions.” The dividend is payable September 1, 2026, to shareholders of record as of 14 August 2026. Continue reading →

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Take Private Offer Made to Penske Automotive Group!

Posted on 23 July 2026 by Ken Zino

Late yesterday, the Penske Automotive Group (NYSE: PAG)* announced that it had received an unsolicited, preliminary and non-binding proposal from Penske Corporation (PC) and Mitsui & Co. (Mitsui) to acquire the remaining shares of the Company’s common stock that they and their affiliates do not currently own “for cash consideration of $210 per share.”

“The Board has established a special committee comprised of disinterested and independent directors to review and consider the Proposal. The special committee is authorized to retain advisors, including independent legal and financial advisors, to assist it in its work. There can be no assurance as to whether an agreement relating to any proposed transaction will be reached or as to the terms thereof if an agreement is reached,” PAG said. Continue reading →

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GM Posts H1 2026 Earnings of $1.3B. Raises Guidance Again

Posted on 21 July 2026 by Ken Zino

“The business continues to perform very well. Customer demand in North America remains strong driven by our very attractive lineup of pickups and SUVs. Pricing is consistent, and we delivered the best quarter and first half ever for new Super Cruise-equipped vehicles. Our 8.6% EBIT-adjusted margin in North America was up 2.5 points from a year ago, and we continue to lower our warranty costs, reduce EV losses, and increase operating efficiency. In addition, GM International, inclusive of our China joint ventures, was profitable,” said Mary Barra GM chair and CEO. Continue reading →

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Stellantis Increases EU Registrations during H1 2026

Posted on 16 July 2026 by Ken Zino

“During the first six months of 2026, we confirmed the positive momentum that Stellantis began to demonstrate toward the end of last year. In line with the objectives set out in our FaSTLAne 2030 strategic plan, we consolidated our leadership in the A and B segments across the EU30 market, where our registrations have increased by 67,000 units year-on-year, rising to 93,000 units when Leapmotor sales are included. Similarly, the Stellantis Pro One family remains firmly at the top of the podium in the highly competitive light commercial vehicle market,” claimed Emanuele Cappellano, COO of Enlarged Europe. Continue reading →

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First look – 2027 Toyota Corolla Hatchback. Unequaled Value?

Posted on 14 July 2026 by Ken Zino

Toyota (NYSE: TM) revealed details of the 2027 Toyota Corolla Hatchback – a compact car with high quality, durability pert driving traits and unique value in AutoInformed’s experience, which covers decades of reviews and even ownership of one. It will be in dealerships this Summer. Both are built at the Tsutsumi Plant in Aichi, Japan. Info on the 2027 Corolla Sedan will come later.

Available in SE and XSE grades, the 2027 Corolla Hatchback starts at $24,780 (SE) and $27,875 (XSE) MSRP that excludes a Dealer Processing and Handling fee of $1295. Reinforcing the value proposition is Toyota’s 36-month/36,000 mile basic new-vehicle warranty applies to all components other than normal wear and maintenance items. Additional 60-month warranties cover the powertrain for 60,000 miles and corrosion with no mileage limitation. The Corolla Hatchback also comes standard with ToyotaCare, a maintenance plan that covers normal factory-scheduled service for one year or 10,000 miles, whichever comes first, and 24-hour roadside assistance for two years, unlimited mileage. Continue reading →

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Loss Making Survival Diet – VW Group Efficiency Quest

Posted on 10 July 2026 by Ken Zino

“Our goal is clear: by 2030, we will make the Volkswagen Group the most attractive automotive company in the world – with iconic brands, inspiring products, leading technologies, robust financial results, reliable capital market performance and a team spirit in action,” claimed Oliver Blume, CEO of the Group. “With our future plan, we are moving into the next phase of transformation by our own means. We are making the Volkswagen Group faster, more resilient and more competitive: through less complexity, focused technologies, an even stronger alignment of products, development and production with regional markets, the reduction of over-capacities, a streamlined equity portfolio and significantly leaner structures. In this way, we are creating the conditions for sustained success – even in an increasingly demanding environment.” Continue reading →

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Milestones – Honda Transmission Plant-Ohio 30th Anniversary

Posted on 9 July 2026 by Ken Zino

“As we celebrate 30 years of Honda manufacturing excellence in Ohio, we’re not just reflecting on our history; we’re accelerating toward the future,” said Jason Foster, Power Unit Manufacturing Plant lead. “The unyielding continued commitment of TMP-O associates to producing top-quality drivetrains will allow us to continue building on the legacy we celebrate today,”

With a total investment of more than $1 billion, the 1.1-million square-foot Ohio transmission plant employs more than 1200 associates, with the annual capacity to produce more than 1 million transmissions and gear shifts, 500,000 two-motor hybrid systems, along with transfer cases and differentials for four-wheel drive vehicles. Continue reading →

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Toyota – $3.6B Expansion at San Antonio Plant

Posted on 7 July 2026 by Ken Zino

“Toyota’s continued investment in North America is a testament to our confidence in the region’s workforce, innovation and long-term growth potential,” said Ted Ogawa, President and CEO TMNA. “By expanding our San Antonio plant, we are deepening our commitment to American manufacturing, creating meaningful and sustainable jobs, while advancing our mission to deliver high-quality vehicles that meet the changing needs of customers today and into the future.” Continue reading →

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Stellantis Pro One to Unveil an Autonomous Commercial Van

Posted on 2 July 2026 by Ken Zino

Stellantis (NYSE: STLA. STLAM.MI)* said today it will unveil a so-called “Box-on-Wheels,” a new autonomous concept that is part of its recovery plan* to becoming a provider of integrated logistics solutions. Stellantis Pro One debuts at IAA Hannover in September … Continue reading →

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Mass Production eVTOL Soon? Joby Aviation and Toyota JV

Posted on 30 June 2026 by Ken Zino

“Toyota has been by Joby’s side for nearly a decade, providing invaluable guidance and support as we built the foundation for manufacturing our aircraft,” said JoeBen Bevirt (sic) founder and CEO of Joby Aviation. “Today’s announcement reflects the strength of our relationship and our shared confidence in the opportunity ahead. Together, we share a vision of making aerial mobility an everyday reality, and we look forward to delivering on that promise together.” Continue reading →

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Milestones – 15 Million Honda Accords Sold in U.S.

Posted on 29 June 2026 by Ken Zino

The 15 millionth Accord, a 2026 Accord Sport-L Hybrid, was purchased from Norm Reeves Honda in Cerritos, Calif. by Andrea, a 26-year-old insurance agent from Southern California. Her new Accord replaces a 2017 Accord Sport that was passed down by her father, whose first vehicle purchase in 1997 was also a Honda Accord. Andrea’s younger sister, Alondra, also purchased a new Honda Accord from the same dealership that day. The 24-year-old chose a 2026 Accord Sport-L Hybrid and is now the owner of the 15,000,001st Honda Accord sold in America. Continue reading →

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Milestones – Nissan Canton Builds 1 Millionth Frontier Truck

Posted on 23 June 2026 by Ken Zino

“This milestone reflects the skill of our Canton team and the strength of the community behind them,” said Victor Taylor, division vice president, U.S. Manufacturing, Supply Chain Management and Production Engineering. “Canton’s precision, pride and consistency are in every truck that rolls off the line.” Continue reading →

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