Category Archives: mobility company

GM Earns $2.1 Billion in Q4, $17.8 Billion for Full Year 2023

Posted on 30 January 2024 by Ken Zino

“As we begin 2024, I believe GM is well positioned for a year of strong financial performance that will build on everything we accomplished – and learned – in 2023,” said Mary Barra, GM chair and CEO. “Consensus is growing that the US economy, the job market and auto sales will continue to be resilient, and at GM, we expect healthy industry sales of about 16 million units with the mix of EVs continuing to grow,’ Barra said. Continue reading →

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Annals of Marketing – Porsche AG Buys into VfB Stuttgart

Posted on 26 January 2024 by Ken Zino

“We are delighted that the Deutsche Fussball Liga has recognized our investment to be independent,” said Lutz Meschke, Deputy Chairman and Executive Board Member for Finance and IT at Porsche. “This gives us the opportunity to increase our stake to more than 10%. We want to contribute our know-how actively in order to keep developing the team successfully together with all our partners. We share a great tradition with VfB Stuttgart. Porsche is hereby strengthening its long-term commitment to the Stuttgart region, in which both of us have deep roots.” Continue reading →

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Porsche Reveals New Macan EV at Singapore Art Week

Posted on 25 January 2024 by Ken Zino

“The new Macan is a performance-oriented SUV with a high level of practicality for everyday use, high-quality equipment and spacious configuration. Electrification has led to increased luggage space in the Macan. Depending on the model and equipment fitted, the capacity behind the rear seat bench is up to 540 liters (cargo mode). In addition, there is the ‘frunk’, a second luggage compartment under the bonnet (hood) with a capacity of 84 liters. This amounts to 136 liters more than the previous model. If the rear seat backrest is folded down completely, the rear luggage compartment capacity increases to up to 1348 liters. The maximum towing capacity of 2000 kg rounds off the highly practical qualities of the new Macan,” said Porsche. Continue reading →

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GM and Honda Fuel Cell JV Starts Mass Production

Posted on 25 January 2024 by Ken Zino

“This is a historic day for the industry as GM and Honda are the first full fuel cell system manufacturing joint venture to begin volume production of fuel cells for transportation and beyond,” said FCSM president Suheb Haq. “We begin the process with raw materials for membrane and electrode all the way through completed systems. Ongoing investment and commitment by both companies is driving our success at FCSM. This commitment aligns with our mission of making high quality, durable and affordable hydrogen fuel cell systems for a wide range of applications and customers.” Continue reading →

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Some VW ID.4 EVs Qualify for Full Federal Tax Credit

Posted on 24 January 2024 by Ken Zino

Volkswagen Group of America said today that  model year 2023 ID.4 compact SUVs with SK On battery components and model year 24 Volkswagen ID.4 models when released with SK On components placed in service in 2024 are eligible for the full $7500 Federal Tax Credit* on a purchase by a qualifying purchaser. Model year 2023 ID.4 vehicles with LG components do not qualify. During 2023, the ID.4 was the fifth best-selling EV in the US market. Continue reading →

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DOT – Brightline West High-Speed Rail Gets $2.5B

Posted on 23 January 2024 by Ken Zino

“Today, the Biden-Harris administration takes the next step to fulfill the promise of high-speed rail in the American West, with $2.5 billion in private activity bond authority to lay tracks, create jobs, and connect American cities,” said U.S. Transportation Secretary Pete Buttigieg. Continue reading →

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Acura ZDX and ZDX Type S EVs Start at $64,500

Posted on 22 January 2024 by Ken Zino

“The arrival of the all-electric Acura ZDX demonstrates our commitment to a zero-emissions future, but more than that it represents our passion for performance in the electrified era,” claimed Emile Korkor, assistant vice president, Acura National Sales. Continue reading →

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Stellantis Reveals STLA Large EV Platform

Posted on 19 January 2024 by Ken Zino

“Our goals for our STLA platforms are ambitious but this is what our customers need from us today,” said Stellantis CEO Carlos Tavares. “Creating a family of vehicles from a well-engineered set of components that is flexible enough to cover multiple vehicle types and propulsions, over-performing any of our current products, will address each of our iconic brands’ customers. The flexibility and agility of this platform is its hallmark and will be a driving force for our success in the shift to electrification in North America.” Continue reading →

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Ford Cuts F-150 Lightning Production. Ups Bronco and Ranger

Posted on 19 January 2024 by Ken Zino

“We are taking advantage of our manufacturing flexibility to offer customers choices while balancing our growth and profitability. Customers love the F-150 Lightning, America’s best-selling EV pickup,” said Ford President and CEO Jim Farley, who last year was boasting about his ability to increase prices on the Lightning. “We see a bright future for electric vehicles for specific consumers, especially with our upcoming digitally advanced EVs and access to Tesla’s charging network beginning this quarter,” Farley claimed.

Ford of course is hemorrhaging red ink in it’s EV business as Tesla (Cybertruck), GM (Chevy, Cadillac Lyric SUV, GMC, Hummer) and Stellantis – (electrified Jeeps) increase theirs. Ford’s EV business – Model e – lost $1.3 billion on electric vehicles even though it reported 44% higher shipments of electric vehicles, and 26% revenue growth during Q3 of 2023. Continue reading →

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BMW Motorrad in 100th Year Posts Highest Sales Ever

Posted on 18 January 2024 by Ken Zino

“I would like to thank our customers all over the world for the great trust they have placed in us again in 2023. With a record result in our anniversary year, BMW Motorrad remains the world’s number one in the premium motorcycle and scooter segment and once again demonstrates the brand’s successful strategic orientation. Our market leadership in numerous segments is based on innovation leadership, our highly attractive product range and our strong brand. Based on these three main success factors, BMW Motorrad is ideally positioned and I am very confident about the year 2024,” said Markus Flasch, Head of BMW Motorrad. Continue reading →

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Milestones – Volkswagen 75th Anniversary in the United States

Posted on 17 January 2024 by Ken Zino

“Over the past 75 years, Volkswagen has grown from a tale of two Beetles into a part of America’s cultural fabric,” said Rachael Zaluzec, Senior Vice President of Customer Experience & Brand Marketing, Volkswagen of America. “We carry people in our name and our heart. As we look forward to the next 75, we will celebrate the real people and real-life moments that have made Volkswagen brand the people’s love story it is today.” Continue reading →

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Honda Tops US 2023 HEV Sales with Accord and CRV

Posted on 17 January 2024 by Ken Zino

“The success of our hybrid-electric sales in 2023 is an important building block toward our vision of 100% electrified vehicle sales by 2040,” said Lance Woelfer, assistant vice president of Honda National Auto Sales, American Honda Motor Co., Inc. “With the all-electric Honda Prologue and a new Civic hybrid coming this year, Honda will continue to increase our electrified sales in 2024 and beyond.” Continue reading →

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Fleet or Fire Sale? SIXT to Buy 250,000 Stellantis Vehicles

Posted on 16 January 2024 by Ken Zino

SIXT rental customers will have choices of vehicles of Stellantis including Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Opel, Peugeot, Ram, Vauxhall and Maserati. The deliveries to SIXT will include a variety of classes from city cars to SUVs to vans and trucks, including 7- and 9-seaters, as well as a full range of propulsion types, including battery electric vehicles, with the latest software and infotainment tech features. Continue reading →

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Volvo Cars Recalls 2024 XC40 Hybrids for Bad Software

Posted on 15 January 2024 by Ken Zino

Volvo Car USA is recalling ~17,409 2024 XC40 hybrid SUVs. A diagnostic error in the Central Electronic Module (CEM) software may cause the left rear turn signal indicator to not function, according to the National Highway Traffic Safety Administration in a filing made public today. What is characterized as “a diagnostic mis-detection of short to ground of the left-hand rear turn indicator will result in no function of the left-hand rear turn indicator.” Continue reading →

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Kristian Aquilina New GM Canada President

Posted on 15 January 2024 by Ken Zino

“Our Canadian manufacturing plants are also set to thrive with recent new investments in Oshawa Assembly, St. Catharines Propulsion Plant and CAMI Assembly. The Canadian Technical Centre continues to be a hotbed of innovation in software, R&D and advanced vehicle testing. We’ve also just begun to tap into the potential for Canada in the emerging raw mineral and EV battery supply chain, beginning with the new Ultium CAM processing facility in Bécancour, Quebec,” Aquilina said. Continue reading →

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