Category Archives: mobility company

Stellantis Completes Symbio Hydrogen Purchase

“The addition of Stellantis as a shareholder will boost Symbio’s development across Europe and in the US,” Stellantis said. Acquiring an equal stake in Symbio supports Stellantis  fuel cell van production in France, and supplements the company’s growing battery electric vehicle portfolio. Continue reading

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Ford Motor Posts $3.8B Q2 Earnings on 12% Revenue Increase

“The shift to powerful digital experiences and breakthrough EVs is underway and going to be volatile, so being able to guide customers through and adapt to the pace of adoption are big advantages for us,” said Ford CEO Jim Farley. “Ford+ is making us more resilient, efficient and profitable, which you can see in Ford Pro’s breakout second-quarter revenue improvement (22%) and EBIT margin (15%),” Fairly said selectively. Ford’s electric business – Model e – is forecast to lose ~$4.5 billion during 2023. It lost $1.2 billion during Q2 or $40,000 a vehicle. Continue reading

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SEC Issues  Rules on Cybersecurity Risks

“Whether a company loses a factory in a fire — or millions of files in a cybersecurity incident — it may be material to investors,” said SEC Chair Gary Gensler. “Currently, many public companies provide cybersecurity disclosure to investors. I think companies and investors alike, however, would benefit if this disclosure were made in a more consistent, comparable, and decision-useful way. Through helping to ensure that companies disclose material cybersecurity information, today’s rules will benefit investors, companies, and the markets connecting them.” Continue reading

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Stellantis Posts Record Revenue and Profits for 2023 Half 1

Stellantis (NYSE: STLA) today posted strong growth while setting new records in net revenues, operating income and net profit for the first half of 2023 while continuing its transformation to electrified and software-defined vehicles for its 14 brands. Stellantis currently has 25 BEVs available today and another 23 launching through 2024. Continue reading

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Honda Halting Lawn Mower Production in US

Significantly, by the end of September, NCM will discontinue production of gasoline lawnmowers “due to market forces” such as stricter environmental regulations and shifting customer preferences to become the sole producer of Honda ATVs in North America,allowing SCM to expand Honda side-by-side production of Pioneer and Talon sports models. Continue reading

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Consumer Rights Nil in New Autonomous Vehicle Bills?

The Center for Auto Safety says one of the proposals, the SELF DRIVE Act, “neglects to include any consumer protections that prevent the use of binding arbitration clauses in contracts involving autonomous vehicles.” As is common in Washington the legislation is misleadingly named. However, there is a need to explore the issue as there are arguments on many aspects of technology and systems that can save lives and reduce traffic congestion even though AutoInformed remains skeptical about the ability of politicians to do so with a regard for We the People  as opposed to We the Congress who are paid large sums by corporate interests. Continue reading

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Coming This Fall a Ford Mustang Mach-E Rally

“Mustang Mach-E took the freedom and fun of Mustang and made it free from emissions. Now with Mustang Mach-E Rally, we’re providing our customers the freedom to venture off the asphalt and beyond the beaten path,” said Darren Palmer, Vice President, Electric Vehicle Programs, Ford Model e. Continue reading

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Mercedes-Benz NA adding Tesla Supercharger Network

Mercedes-Benz  said today that drivers can use Tesla Superchargers in North America starting in 2024, in an attempt to expand electric vehicle sales appeal by providing full access to all major charging networks. The move follows other major automakers already in the process of plugging in to the network – Ford and GM  – since there are more than 12,000 Tesla Superchargers across North America right now. Mercedes-Benz will be the first German automaker to implement the so-called NACS ports into its new electric vehicles starting in 2025 as part o an attempt to have one universal charging system hookup. Continue reading

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Stellantis Shows New Global EV Platform – STLA Medium

The platform can be used on a variety of vehicles and propulsion configurations in the center of the mass-market, the C- and D-segments, which accounted for 35 million sales in 2022 of the 78.5 million vehicles sold globally that year. Stellantis brands right now offer 26 vehicle nameplates in those segments on a variety of platforms. Up to two million vehicles per year can be built on the STLA Medium platform in several plants. Continue reading

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Toyota Konpon Research Institute Debuts

The Genesis Research Institute since its beginning in 1996 has used disciplines such as natural science and the humanities to “further the development of energy and environmental technologies.” It was established on 11 June 1996 the birthday of the late Kiichiro Toyoda with joint funding from 12 Toyota Group companies, including Toyota Motor Corporation.

Today Toyota said that the Genesis Research Institute is renamed Toyota Konpon Research Institute. “Twenty-seven years on, society finds itself in an era of great transformation, with the rise of AI and advances in various other fields of science and technology. Continue reading

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Cox Automotive Study – EV Consideration at Record High

“Education for both consumers and dealers remains a critical factor in driving widespread confidence and adoption of electric vehicles,” said Kayla Reynolds, Manager of Research & Market Intelligence, Cox Automotive Mobility. “For dealers specifically, preparation is paramount, and our findings emphasize the urgency of equipping dealers with EV sales and servicing capabilities to meet the needs and demands of EV buyers.” Continue reading

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BMW Motorrad Links Rent A Ride and Fuel For Life

BMW Motorrad said in Munich this morning that it is combining its Rent A Ride motorcycle program with Fuel For Life. Simply put this offers one-stop shopping for motorcycling enthusiasts looking for experiences globally. Rent A Ride is not just … Continue reading

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Connected Car by Verizon for BMW Begins in US

Verizon Business has started Connected Car by Verizon an in-car connectivity service for some BMW models in the US. The subscription plan has voice, data, unlimited Wi-Fi hotspot connectivity for $20 per month. Continue reading

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Cleared for Takeoff – Archer Aviation and Stellantis

Stellantis previously said it will provide up to $150 million in equity capital for potential draw by Archer at its discretion in 2023 and 2024, subject to achievement of certain business milestones which Archer predicted will occur during 2023. If AutoInformed’s math is right, manufacturing aircraft at the forecast volumes would make Covington the world’s leading aircraft manufacturing facility. Continue reading

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Longtime Nissan COO Ashwani Gupta Leaving

The timing is less than ideal for the Alliance, which arguably has not recovered from the Carlos Ghosn matter. Now, more internal strife and likely damaging infighting have appeared at Nissan. Only four months ago Renault, Nissan and the Alliance said that they are taking new steps to increase value for stakeholders. These include operational projects in Latin America, India and Europe; enhanced strategic agility with new initiatives that partners can join; and a re-balanced Renault Group-Nissan cross-shareholding and reinforced Alliance governance. The Boards of Directors of Renault Group and Nissan Motor have approved these changes.  Continue reading

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