Category Archives: mobility company

Toyota’s Next-Gen Battery Plan Certified by METI

Toyota Motor Corporation said today that the development and production plans for its next-generation batteries (performance version) and all-solid-state batteries were certified by the Ministry of Economy, Trade and Industry (METI) as part of the Japanese government’s “Supply Assurance Plan for Batteries. Certification was granted for (1) production of next-generation batteries (performance version) at Prime Planet Energy & Solutions, Inc. (PPES), (2) production of next-generation batteries (performance version) at Primearth EV Energy Co., Ltd. (PEVE)* and (3) R&D and production of all-solid-state batteries.

“By advancing battery development and production in Japan, Toyota aims to contribute to the further development of the industry and the strengthening of the production infrastructure of batteries. Additionally, by enhancing the competitiveness of batteries, Toyota seeks to improve the marketability of electrified vehicles and achieve carbon neutrality through a multi-pathway approach,” Toyota said in a release. Continue reading

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GM BrightDrop Electric Commercial Vans To Join Chevrolet

General Motors (NYSE: GM) said today that it is moving its BrightDrop electric commercial vans* under the Chevrolet brand. The shift brings BrightDrop EVs to Chevrolet’s broad commercial vehicle sales and service dealer network. BrightDrop EVs offer GM-estimated 272 miles of combined city/highway range** and advanced features to help keep drivers safe and alert. This give BrightDrop customers access to one of the industry’s largest and most extensive commercial sales and service networks. All Chevrolet dealers will sell BrightDrop vans if they meet certain commercial EV requirements.

“With the addition of BrightDrop to the Chevrolet lineup, we are combining advanced EV technology with the dependability and widespread accessibility that only Chevrolet can offer,” said Scott Bell, vice president, Chevrolet. “This move strengthens our EV offerings and reaffirms our role as a leading commercial brand that enables businesses large and small to get work done.” Continue reading

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EV Grumblings – Hyundai Motor Changes Its Way

Hyundai Motor said today it intends to leverage its expertise to bolster its position in the hybrid market under its new Hyundai Dynamic Capabilities strategy, a flexible response to the EV market based on core capabilities. Executive summary – Hyundai is modifying its EV strategy in the face of weak EV demand. Under this change in ways, Hyundai will expand the application of its hybrid system beyond compact and mid-size cars to small, large and luxury vehicles. This will increase its current range from seven to 14 models. This expansion will encompass not only Hyundai vehicles but also its luxury brand, Genesis, which will offer a hybrid option for all models, excluding those that are exclusively electric.

“In the electrification era, Hyundai has distinguished itself by rapidly launching a comprehensive lineup of EVs, catering not only to mass-market brands but also to the luxury and high-performance segments,” said Jaehoon Chang, President and CEO of Hyundai Motor Company. “Building on our advanced technology and dedication to innovation, we aim to secure a leading position in the market as the adoption of electrified vehicles gains momentum.” Continue reading

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Freshened 2025 Acura RDX Now at Dealers

Acura said this morning that the refreshed 2025 RDX is now arriving at dealers ranging in price from $46,050 to $55,800 including destination. RDX has a new “frameless” Diamond Pentagon grille and “aggressive grille mesh.” Standard RDX now has a “premium gloss-black exterior trim.” All RDX models have new wheel designs, with standard Berlina Black 19-inch wheels. New paint colors include Solar Silver Metallic, and new to RDX – Canyon River Blue Metallic and Urban Gray Pearl. Continue reading

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Mercedes-Benz 2025 GLC PHEV – 54 Miles Electric Range

Mercedes-Benz USA (MBUSA) said this morning in Atlanta that the new 2025 GLC 350e 4MATIC SUV is best in its class at 54 miles of all-electric range, according to EPA certification [see footnotes below – 1]. The Hybrid SUV is available now at U.S. dealerships starting from $59,900 [2].

This in German marketing theory makes “most daily commutes more flexible and economical in all-electric mode without the need to rely on the internal combustion engine.” Further optimizing efficiency, the “Hybrid” drive program prioritizes electric propulsion for the most appropriate driving situations, for example, during city driving. The standard 60-kW DC charging capacity enables a full battery charge to be achieved in as little as 30 minutes. Continue reading

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EV Moves – Porsche Grabs Majority Stake in V4Drive Battery

“Varta and Porsche are already working closely together on the topic of high-performance battery cells. With the planned majority takeover of V4Drive, we aim to drive the company forward and would make an important contribution to keeping key technologies in Germany,” said Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG. Continue reading

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Bentley Joins Leather Naturally NGO for Sourcing

Bentley Motors said today in an awakened announcement that it has become the first automotive member of Leather Naturally,* said to the global voice of the sustainable leather industry. The international Non-Governmental Organization (NGO) says it is dedicated to promoting … Continue reading

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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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Relatively Cheap – The 2025 Nissan Rogue On Sale

Nissan said today that the 2025 Nissan Rogue* is on-sale now with a starting Manufacturer’s Suggested Retail Price [MSRP footnote 2 below] of $29,230, a minor price increase following a less than successful mild changes for the 2024 model year and the addition of Google built-in. Continue reading

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Annals of Marketing – Cadillac Opulent Velocity Concept EV

Cadillac today introduced the Opulent Velocity* concept vehicle, with claimed advanced technology and personalized luxury. It also combines EV and self-driving technology, or a split-personality of two emerging dynamic technologies.

“Opulent Velocity is an experience-based design study,” said Bryan Nesbitt, executive director, Global Cadillac Design. “It’s the future vision of luxury performance, incorporating Cadillac’s leadership in hands-free driving capabilities, electrification and performance excellence. Opulent Velocity expresses the most artful integration of technology, luxury and exhilaration characterized by Cadillac’s halo V-Series variants, and future electrification design expressions,” Nesbitt claimed. Continue reading

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Penske Automotive Group Posts Lukewarm Q2 Results

“I am pleased to see that our service and parts business remains strong and contributed to our record total quarterly revenue of $7.7 billion. In addition, our focus on efficiency and controlling costs drove a sequential decline in selling, general, and administrative expenses as a percentage of gross profit by 50 basis points to 70.2%,” said Chair and CEO Roger Penske, which is more or less what he said about Q1 results. Continue reading

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Ford EVs and Quality Damage First Half Net Income and EPS

Ford Motor (NYSE: F) posted disastrous financial results this week caused by its struggling electric vehicle business and the ongoing costs of large recalls on vehicles of its past. Ford posted Q2 2024 quarter revenue of $47.8 billion, net income of $1.8 billion and adjusted EBIT of $2.8 billion (see the accompanying results chart for Q2 and combined Q1 and Q2 numbers). Leaving aside the Ford spin on the financial results for the moment, the Dearborn based automaker is haunted by its past as well as current management practices sharing a precarious future with other once formidable global legacy automakers. Continue reading

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GM Earns $4.4 Billion on Record Revenue – Raises Forecast

“With our new investments, we have an even stronger focus on margins and capital efficiency.,” said Mary Barra, GM Chair and CEO “It was truly a great first half. And we have the products, discipline and strategies to drive future success.” Continue reading

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VW Group – €2.6 Billion Exposure Over EV Plant Closing

In an ad hoc release late yesterday, the Volkswagen Group slashed its annual financial results forecast over the costs of the potential shutting down of an Audi EV plant in Brussels. In total, this will lead to a “burden on the operating result of up to €2.6 billion in the 2024 financial year.” Continue reading

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Annals of Marketing – Porsche 4Kids and LEGO

Porsche said today that its free Porsche 4Kids summer holiday program this year is Porsche meets LEGO. To celebrate the latest LEGO Technic GT4 e-Performance model, the program running from 30 July to 18 August 2024 is entirely about the … Continue reading

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