Category Archives: mobility company

BMW Group Expanding EV Battery Plant Leipzig

“Leipzig continues to power ahead. Making the BMW i3, we were the BMW Group’s pioneer in electromobility. Now, with the development of e-component production and the upcoming launch of the MINI Countryman, the future is already taking shape,” said Petra Peterhänsel, Plant Director. Continue reading

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Generative Artificial Intelligence – An Automaker Challenge

Absent in the following is what needs to be an extensive discussion of the public policy, employment, human challenges, and the effect on what traditionally are high paying jobs in the global auto industry. In AutoInformed’s view GlobalData can and likely will play a role in this. Continue reading

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SUV EVs – Acura ZDX and ZDX Type S Debut

Acura’s first all-electric models – the 2024 Acura ZDX and ZDX Type S have debuted in California during Monterey Car Week. With a Honda estimated 500 horsepower in the Type S model, it is the most powerful Acura SUV thus … Continue reading

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BYD builds its 5 millionth EV in China

BYD in Shenzhen, China has built its 5 millionth new energy vehicle – a DENZA N7 – on 9 August 2023 causing it to become the first automaker in the world to achieve this milestone. BYD* spent 13 years producing … Continue reading

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Apple Software Veteran Peter Stern Joins Ford Motor

Ford and other former members of the old-style auto blacksmithing business – cast it, stamp it, weld it, machine it and put it together –  has been confronted with the need to cost effectively deal with so-called connected vehicles. The traditional way of pitting suppliers against one another and buying at lowest cost has failed since the software of the many individual computer modules on current vehicles isn’t always compatible with other computerized systems – creating in effect an electronic Tower of Babble. Continue reading

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Honda Q1 FY2024 Profits Double – Stock Split Coming

A 3-for-1 stock split effective September 30th has been approved by management. Calculating on the current number of shares (~165,000,000) , the year-end dividend and the total annual dividend for fiscal 2024 are forecast at ¥75/share and ¥150/share. In current Tokyo trading the stock is up ~6% within ¥30 to its all-time (¥4,723) high posted in 2006. Continue reading

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Cadillac Escalading the 2025 SUV EV Wars

Cadillac (NYSE:GM) showed today its first-ever all-electric full-size SUV, the 2025 Escalade IQ. It has a Cadillac-estimated 450 miles of range (footnote 1) , Super Cruise driver assistance technology, bi-directional charging capability, different interior and exterior designs, and zero tailpipe emissions. The Power folding third row allows for seven total passengers and folds flat for more storage. The so-called eTrunk compartment under the hood has 12 cubic feet of storage. Pricing starts at ~$130,000 including destination charges. Continue reading

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Vehicle-to-Home Bidirectional Charging Coming on All GM EVs

General Motors (NYSE:GM) said today that it will expand vehicle-to-home (V2H) bidirectional charging technology across its retail portfolio of Ultium-based electric vehicles by model year 2026. The first vehicles to receive the technology include the previously announced 2024 Chevrolet Silverado EV RST, followed by the 2024 GMC Sierra EV Denali Edition 1, 2024 Chevrolet Blazer EV, 2024 Chevrolet Equinox EV, 2024 Cadillac LYRIQ and the upcoming Cadillac ESCALADE IQ.

Information on additional availability of V2H technology and specific timing of V2H rollout to individual vehicle models will be provided in future updates. Just bring money. The question is how much? Continue reading

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Toyota Posts Strong FY 2024 Q1 Results – $9.2 Billion Net

Sales volume increased in all regions due to productivity improvements inside TMC and with its suppliers. Consolidated vehicle sales Q1 was 2,326,000 units, at 115.5% of consolidated vehicle sales for the same period of the previous fiscal year. Toyota and Lexus vehicle sales was at 2,538,000 thousand units, at 108.4% of such sales for the same period of the previous fiscal year. This coincided with the better supply of  semiconductors, which is still delaying delivery, particularly on new models. Notably, electrified vehicles were 34% of total sales. Continue reading

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Toyota China Re-Org as EV and Trade Wars Proceed

“The Chinese market is growing at an unprecedented pace,” said Tatsuro Ueda, Chief Executive Officer of the China Region. “Toyota will also work together as a group to reform how we work and think to survive in China.” Continue reading

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Porsche to Buy All of IT Consultancy MHP

The global auto industry is in the midst of a digital transformation after a century of blacksmithing metals. Internal processes, customer interactions, computer-based charging or other services are all becoming competitive requirements. Continue reading

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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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