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Category Archives: news
SEC Charges Mining Company Rio Tinto with Bribery
Ford Motor (NYSE: F) and Stellantis (NYSE: STLA) among other large international corporations have supply contracts or business relationships with the mining conglomerate involving electric vehicle battery materials. Whether this is a bum in the road or a longer-term impediment to EV advancement is an open and ongoing matter subject to debate in industrial and public policy sectors. Continue reading
Honda Shows New Prototype Autonomous Work Vehicle
Honda aims to commercialize its AWV. Honda looking for partners to participate in field testing, as well as to improve functions and enhance services, especially in the areas of: Product distribution Product support and aftermarket sales, as well as software and attachment development. The AWV use Honda’s mobility technologies, and common components from its automobiles and other products. Continue reading
February 2023 Western EU Passenger Vehicle Sales Up 11%
However, LMC hedged by saying that 2022 is a weak base for comparison. “In YoY terms, the market was up 2.8%, though the same period last year was particularly weak” Continue reading
Honda Using Fuel Cell to Back Up Power at Its Data Center
The power station uses Honda’s hydrogen fuel cell technology know-how and contributes to the company’s global goal to achieve carbon neutrality for all products and corporate activities by 2050.In the coming years, Honda will begin applying a next-generation stationary fuel cell system to Honda manufacturing facilities and data centers globally, thereby reducing the company’s greenhouse gas emissions. Continue reading
NADA Economist Predicts 14.6 Million Light Vehicle Sales
“Looking ahead, we believe that vehicle production will show continued improvement in March. Wards Intelligence expects that 2023 Q1 North American light-vehicle production will grow by 7.3% compared with the first quarter of 2022. This should be good news for continued inventory growth throughout the year. We believe that with more inventory available, new light-vehicle sales will increase in 2023. Our full-year forecast is 14.6 million units,” said Manzi. Continue reading
US Light Vehicle Sales Up in February Amid Uncertainty
The February selling rate was estimated to be 15.0 million units/year, aka SAAR, down from 16.0 million units/year in January. However, as LMC observed last month, January’s rate appears to have been distorted by changing seasonality and the unique conditions in the market whereby a lack of supply is still constraining sales in some cases. Continue reading
Stellantis Sells Its Turkish Distribution Company
As a result, all Stellantis brands available for distribution in Türkiye – Alfa Romeo, Fiat, Citroën, DS Automobiles, Jeep®, Maserati, Opel and Peugeot – will be distributed by Tofaş.** The transaction, which will be subject to requisite regulatory approvals, including the approval of the relevant competition authorities, is expected to close in the second half of 2023. Continue reading
Michigan Opens New EV Jobs Academy Website
The EV Jobs Academy is devised to provide Michiganders with tuition assistance and supportive services, including “earn while you learn” opportunities through a Registered Apprenticeship, to support and streamline “on-ramps to high-wage, in-demand careers. ” With more than 100 partners including employers, industry stakeholders and education institutions, the EV Jobs Academy is driving the state’s advanced mobility talent development for the future. It’s the latest example of a growing progressive awakening to make America great again by creating high-paying jobs for blue collar workers. Continue reading
WEC – Hertz Team JOTA Unveils Le Mans Bound 2023 Race Car
“Our sponsorship of Hertz Team JOTA marks the company’s return to premium motorsports and underscores Hertz’s commitment to speed, reliability, and innovation, both on and off the track. We look forward to collaborating with the BRADY Brand and Singer as we engage our customers and millions of racing fans during the 2023 FIA World Endurance Championship season,” said Stephen Scherr, Hertz Chief Executive Officer. Continue reading
First CHIPS for America Funding Applications Now Open
Awards will take the form of direct funding, federal loans, and/or federal guarantees of third-party loans. Awards are designed to complement—not replace—private investment and other sources of funding, and applicants are strongly encouraged to bring capital to the table. CHIPS for America awards will be made as soon as applications can be rigorously evaluated and negotiated. The automobile industry, of course, has been hobbled by interruptions in its supply of offshore-produced chips or semi-conductors. Continue reading
Honda Performance Development Shows CR-V Hybrid Racer
“The CR-V Hybrid Racer is our ‘rolling electrified laboratory,’ to investigate where the talented men and women of HPD and Honda could go with electrification, hybrid technology and 100% renewable fuels,” said Salters. “It epitomizes Honda’s fun-to-drive ethos, showcases electrification and it just rocks our car culture roots and racing heritage! We present the CR-V Hybrid Racer–aka ‘The HPD Beast’!” AutoInformed notes, wryly, that this isn’t in keeping with meeting the nicest people on a Honda, but it has, well, light comedy or entertainment value. Continue reading
Honda, LG Energy Solution Break Ground for New Battery Plant
The location of the joint venture between Honda and LGES was announced on 11 October 2022, and was formally established on 12 January 2023. The plant aims to start mass production of pouch-type lithium-ion batteries by the end of 2025, to be provided exclusively to Honda auto plants to produce EVs to be sold in North America. Continue reading
Cadillac CELESTIQ Debuts With Hands-Free Driving Possible in Most Conditions Early in 2024. Caveats Apply
General Motors (NYSE: GM) announced today that Ultra Cruise1, the company’s next-generation advanced driver assistance system2 designed to enable hands-free driving in 95% of all driving scenarios, will have a 360-degree view of the vehicle through a unique sensor suite when it launches on the ~$300,000 Cadillac CELESTIQ 3 in early 2024. There are of course many technical, regulatory and insurance issues the need to be resolved before full deployment is underway. Continue reading →