Category Archives: mobility company

Penske Automotive Group Posts Q1 2026 Net of $234.5M

Posted on 29 April 2026 by Ken Zino

“In the first quarter of 2026, our business delivered over 126,000 retail automotive and commercial truck units, generated $7.9 billion in revenue and $323.7 million in earnings before taxes. During the quarter, we continued to demonstrate a flexible approach to capital allocation by completing the acquisition of two Lexus dealerships in the Orlando metropolitan area of Central Florida, increasing the dividend paid to stockholders by 1.4% and repurchasing 170,393 shares of common stock,” said Chair Roger Penske. Continue reading →

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GM Canada to Build Next-Generation Truck V8 Engines

Posted on 29 April 2026 by Ken Zino

General Motors Canada (NYSE: GM) said today that it is investing C$691 million in its St. Catharines Propulsion Plant to support production of the sixth generation of General Motors’ V8 engine, which will power GM full-size trucks and SUVs. Yesterday, GM reported strong sales and earnings for Q1 2026 bolstered in part by sales of such vehicles. Complicating GM’s global strategy is the Trump mis-administration’s repudiation of the successful North American Free Trade Agreement (NAFTA) and its subsequent revision proposed, promoted and signed by President Trump known in the U.S. as USMCA (United States-Mexico-Canada Agreement) Continue reading →

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GM Posts $2.6B Q1Net on $46.3B Revenue. Ups Guidance

Posted on 28 April 2026 by Ken Zino

“We have solid momentum in our core operations. We maintained overall sales leadership in the U.S. and Canada. We led the U.S. industry in full-size pickup sales and share, with 42% of the market, and we were #1 in Fleet, including Commercial deliveries. In addition, we were Number Two in EVs with growing market share, and Number One in Canada,” said CEO and Chair Mary Barra. Continue reading →

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Acura to Enter IndyCar. “Pause” IMSA GTP

Posted on 22 April 2026 by Ken Zino

Well, the paddock rumors were accurate – or should AutoInformed say Acura-it? Marcus Armstrong’s Honda-powered IndyCar will carry Acura branding in the 2026 Indianapolis 500, the Acura’s first appearance on the Indy 500 grid. Moreover, Acura will “pause” the IMSA GTP program following 2026 IMSA WeatherTech SportsCar Championship season. This move to the NTT IndyCar Series keeps the Acura name in motorsports of course. It also, perhaps, adds a complication to the viability of the IMSA WeatherTech SportsCar Championship, if other brands do likewise. Continue reading →

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Canada and U.S to Co-Host Global Vehicle Safety Conference

Posted on 22 April 2026 by Ken Zino

“Canada is proud to welcome the global road safety community to Toronto for Enhanced Safety of Vehicles 2026. By bringing together researchers, regulators, and industry leaders, we are fostering innovation and cooperation that will shape the next generation of vehicle safety and strengthen our collective efforts to make roads safer around the world,” said the Honorable Steven MacKinnon, Minister of Transport and Leader of the government in the House of Commons. Continue reading →

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First Look – Mercedes-Benz 2027 C‑Class EV

Posted on 20 April 2026 by Ken Zino

The all-new 2027 Mercedes-Benz C 400 4MATIC Electric arrives at U.S. dealerships in the first half of 2027 as MBUSA (MBG.DE, MBGAF OTC U.S.) is posting sales declines and all global automakers are wrestling with the negative trade and war policies of the Trump mis-administration. [Makers are also facing a marked shift in consumer presences to hybrid vehicles – AutoCrat].

“The all-new electric C‑Class is redefining the mid-size segment for electric vehicles. Customers will get exactly what they expect from this new version of the beloved model: the perfect blend of performance, comfort, dynamics, and intelligence. On top of that, it is the most powerful and sportiest C‑Class we’ve ever built, offering pure driving pleasure and outstanding real-world range, all while being the perfect sanctuary for our customer,” claimed Ola Källenius, Chairman of the Board of Management, Mercedes‑Benz Group AG. Continue reading →

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Honda Fastport eQuad Vehicles Link to Bird and Spin

Posted on 16 April 2026 by Ken Zino

“We created Fastport and our eQuad micro-mobility vehicle to address rising urban congestion, emissions and operating costs where full-size commercial vehicles are less practical,” said Jose Wyszogrod, general manager of Fastport. “With Fastport products now commercially available, we’re proud to partner with Bird and Spin in urban fleet operations to help better serve their customers’ micro-mobility needs on select university campuses.” Continue reading →

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Bosch Group Plans Sales, EBIT Growth after a So-So 2025

Posted on 16 April 2026 by Ken Zino

Bosch said “it believes that the weak economic development of 2025 will continue in the current business year. High levels of uncertainty, primarily due to geopolitical developments with the as yet unpredictable effects of the war in the Middle East, are likely to continue to affect inflation and global economic output. Moreover, price and competitive pressure remain high. Nonetheless, in the first three months of the year, Bosch was able to keep its sales more or less at the previous year’s level; after adjusting for exchange-rate effects, revenue was some 5% higher. Bosch expects the global economy to achieve only moderate growth, at the level of recent years.” Continue reading →

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Nissan in Survival Mode Sheds Models for Next Gen Products

Posted on 14 April 2026 by Ken Zino

“This is the right moment to articulate Nissan’s long‑term vision as we move beyond the Re:Nissan recovery plan and set a clear path for the future. Our vision defines where Nissan is headed, with customer experience as our guiding priority. By advancing mobility intelligence, we will deliver intuitive, advanced, and reliable products and technologies that offer outstanding value and enrich how mobility is experienced,” said Ivan Espinosa, the latest President and CEO of Nissan. [With this role of the Company dice, loss-making Nissan is betting on the come line. Wagering that new products in the future will be profitable enough to ensure survival – AutoCrat.] Continue reading →

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EcoCAR Innovation Challenge Pits General Motors v Stellantis

Posted on 13 April 2026 by Ken Zino

General Motors (NYSE: GM) and Stellantis (NYSE: STLA) have joined the Challenge as sponsors, along with technology partner MathWorks. This combination of government and industry partners focuses on cultivating the next generation of auto-industry innovators. This is the first collaboration between two major automakers in the same series in more than 25 years. Additional EcoCAR Innovation Challenge sponsors announced today include Caterpillar, Siemens Digital Industries Software, dSPACE, Bosch, Altec, Hesse, and Volta Foundation. Continue reading →

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Porsche AG Q1 2026 Sales Drop 15%

Posted on 10 April 2026 by Ken Zino

“Following the end of the combustion-engine 718 and the strong deliveries of the fully electric Macan at market launch, our figures are below the prior‑year level but are overall in line with our expectations. Strong demand for the 911 and the high proportion of top derivatives clearly demonstrate that the core of our sports car brand remains exceptionally strong,” claimed Matthias Becker, Member of the Executive Board for Sales and Marketing at Porsche AG. “In the coming months, our focus will be on the market launch of the all‑electric Cayenne, which will be delivered to its first customers from summer onwards.” Continue reading →

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Stellantis N.V. Securities Fraud Lawsuit Announced

Posted on 8 April 2026 by Ken Zino

The Rosen Law Firm, which bills itself as a global investor rights law firm, today announced a class action lawsuit on behalf of purchasers of common stock on the New York Stock Exchange of Stellantis N.V. (NYSE: STLA) between 26 February 2025 and 5 February 2026, inclusive (the so-called “Class Period”). A class action lawsuit has already been filed. Continue reading →

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Lucid Debuts 2027 Gravity Model EV Lineup

Posted on 3 April 2026 by Ken Zino

Lucid Group (NASDAQ: LCID) this week announced updates and enhancements to the Lucid Gravity model lineup for the 2027 model year along with the Lucid Air sedan. Both models are “soon to be joined by the mid-size Lucid Cosmos and … Continue reading →

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Volvo Cars to Combine Polestar 3 Production in U.S.

Posted on 31 March 2026 by Ken Zino

“The move to consolidate global Polestar 3 production in Charleston help generate efficiencies for both companies, whilst also underscoring our confidence in the plant and the role it plays in our manufacturing footprint,’ said Håkan Samuelsson, chief executive of Volvo Cars. ‘The US is a very important market for Volvo Cars, both to support our growth ambitions as well as a strategic production site to meet regional and export demands.”** Continue reading →

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NYAS – Honda To Show Fastport eQuad EV Delivery Van

Posted on 30 March 2026 by Ken Zino

Honda Motor Company (7267.T and NYSE: HMC) said today that it will show the all-electric Fastport eQuad EV Hybrid at a press event on 1 April 1 at the  Test Track where the New York Auto Show is held  [Level 1 Javits’s Center -AutoCrat.]* Fastport Chief of Operations Jamie Davies will share updates and lead a walk-around and demonstration of the vehicle.

“Fastport uses the Honda Mobile Power Pack (MPP) swappable batteries and is a software-defined vehicle (SDV) project. The Fastport eQuad in theory will help address urban congestion and rising consumer demand for faster, more frequent deliveries,” AutoInformed previously noted. Continue reading →

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