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Category Archives: news
Current Flows – J.D. Power Now Tracking EV Parity
Today, the EV Index score is 47 (based on the most recent available data from November 2022), with some categories improving and others declining during the 12-month pilot period. The EV Index score and accompanying analysis will be available monthly. The index is of use to people who are considering purchasing, one of the reasons AutoInformed uses it. Continue reading
Electrifying – Fastest Corvette in History is a Hybrid
Not surprisingly, the E-Ray is the quickest production Corvette in history at 2.5-second 0-60 mph (0-96 km/h) time with a quarter-mile in 10.5 seconds, according to General Motors. The 2024 Corvette E-Ray goes on sale in late 2023 as a 2024 model, priced ranging from ~$103,000 to $114,000 or more.* Production will be at GM’s Bowling Green Assembly facility in Kentucky. Continue reading
Becoming One of Us – Mercedes-Benz Recruiting Globally
Mercedes said “that people are more motivated, more efficient and happier when they are constantly developing and can contribute their personality and identity as is. The company creates and promotes equal opportunity and a culture of appreciation and respect. For example, Mercedes-Benz has set the goal of filling 30% of senior management positions with qualified women by 2030. The Management Board is already 37.5% female. Continue reading
December Global Light Vehicle Sales at 82M Down Again
China’s market was a major culprit with its sluggish end to 2022 . In China December raw sales were down almost 12% year-over-year (YoY), which LMC attributed to increased disruption and uncertainty with the abrupt ending to the zero-Covid policy. North America and Europe showed positive YoY growth for December, although both remained below their 2021 sales, -7% and -11% respectively. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, December global sales, Ken Zino, lmc, oxford economics
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Marketing Annals – Chevy Trax Dream Chaser Contest Opens
Hyping the debut of the 2024 Trax this spring, Chevy is announcing a contest for a chance to become a “Lead Dream Chaser.” This is a three-month program will allow a person to pursue a lifelong dream or passion project. The Dream Chaser will share their journey on social media, get $100,000 and three months with the 2024 Trax. Continue reading
Posted in marketing, new vehicle
Tagged auto industry commentary, autoinformed.com, Chevy Trax, Everette Taylor, Ken Zino, Kickstarter
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Global Warming – GP ICE RACE 2023 Cancelled in Melting Alps
The GP ICE RACE 2023, planned for 27-29 January 2023, is cancelled due to the ongoing melting in the Austrian Alps. The organizers said today that they “reached this conclusion after consultations with partners and sponsors. Tickets already purchased will be fully refunded – there will be no replacement date.” Continue reading
Posted in global warming, racing
Tagged auto industry commentary, autoinformed.com, Ferdi Porsche, GP ICE RACE, Grossglockner, Ken Zino
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Racing Colors Revealed – Three Cadillac V-LMDh Daytona Cars
Cadillac today revealed the racing colors for the three new electrified V-LMDh race cars that will make their competition debut at the Rolex 24 at Daytona this month. The three designs represent the teams running the Cadillacs, each with a different color from the Cadillac V-Series emblem. Cadillac says each car uses one of the “primary colors” of the V-Series logo – No. 01 in gold, No. 2 in blue, red on the No. 31. (pace Newton, we know Gold isn’t a primary color in the classic sense, but light through a marketing prism it is.) Continue reading
Posted in marketing, racing
Tagged auto industry commentary, autoinformed.com, Daytona, FIA WEC, imsa, Ken Zino, lemans, Rory Harvey. Daytona, sebring
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Total Sales Flat in 2022 at 1.6M as Audi Delivers 100,000 EVs
“In a challenging and dynamic environment, our global team once again proved its resilience in 2022,” said Hildegard Wortmann, Member of the Board of Management for Sales and Marketing at AUDI AG. “Thanks to extraordinary team spirit, operational excellence and effective sales control, we were able to close out the business year successfully.”
Audi in a classic public relations move then switched the subject. “Overall, Audi delivered 118,196 electric models to customers last year, which is 44.3% more than in 2021ignoring that such a percentage was possible because of the small base number from which it derived. The business challenge comes from Audi’s previously stated strategy that deems starting in 2026, Audi will only introduce all-electric cars to the global market. Continue reading
Posted in electric vehicles, sales
Tagged auto industry commentary, autoinformed.com, Hildegard Wortmann, Ken Zino
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Automakers Rapidly Increasing EV Prices
AutoInformed thinks two factors are in play here: First demand for EVs is strong, particularly among affluent buyers. Second, EVs are more costly to develop and batteries are still expensive and the covid pandemic supply chain interruptions are making them scarce. One click bait headline had it that “EVs are Bringing Out the Worst in Us” because, among other things, a Hummer EV battery pack weighs as much as a Honda Civic. It consumes minerals that could otherwise be used to build several electric-sedan batteries or hundreds upon hundreds of e-bike batteries. Perhaps such thinkers are unaware of the ongoing mood amongst that tawdry cast of Capital characters along the banks of the Potomac who will not legislate SUVs and Pickup trucks out of existence. Yes, there is a Santos clause and his party wants to legislate the government out of business. Continue reading
Bugged – BMW EV Software Recall on 14,000 Vehicles
The software misdiagnosis glitch can sporadically occur irregularly within the battery management electronics, which could cause the electronic control unit to reset. If a reset occurs, this could cause an interruption of electrical power. If an interruption of electrical power occurs while driving, it may result in a brief loss of power, or stalling, which could increase the risk of a crash. However, a restart of the vehicle is possible, and would allow for continued driving. The driver would also be alerted by a warning message. Continue reading
Virtual Power Plant Partnership – Ford, GM, SunPower, Others
VP3 follows the institutional spinoffs in the electric sector previously developed by RMI, including the Clean Energy Buyers Association and the Energy Web Foundation. Initial funding was made possible by General Motors and Google Nest. Today, VP3 includes Ford, General Motors, Google Nest, OhmConnect, Olivine, SPAN, SunPower, Sunrun, SwitchDin, and Virtual Peaker. Continue reading
Infected – November 2022 US Aviation Fuel Consumption Down
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ November fuel cost and consumption numbers show US scheduled service airlines used 1.398 billion gallons of fuel, 2.5% less fuel than in October 2022 (1.434 billion gallons) and 3.2% less than in pre-pandemic November 2019. Continue reading
EV Battery Gold Rush Down Under – Stellantis and Element 25
The deal with Element 25 – similar to ongoing EV battery supply chain moves at other automakers – is key to Stellantis’ stated electrification strategy, which includes securing substantial supplies of raw materials for battery electric vehicle (BEV) production. Manganese is a stabilizing element in the cathode of EV batteries. Continue reading
Penske Automotive Group SEC 8K Filing – Cuts Credit Costs
“The U.S. Credit Agreement provides for up to $800.0 million in revolving loans for working capital, acquisitions, capital expenditures, investments, and other general corporate purposes, and provides up to an additional $50.0 million of letters of credit. The U.S. Credit Agreement provides for a maximum of $150.0 million of borrowings for foreign acquisitions and expires on September 30, 2025. The interest rate on revolving loans is LIBOR plus 1.50%, subject to an incremental 1.50% for uncollateralized borrowings in excess of a defined borrowing base.” Continue reading
Posted in auto news, economy, financial results, shows and events
Tagged auto industry commentary, autoinformed.com, Ken Zino, sec
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Red Card – Premier League Scandal Rocks Stellantis Board
Exor – (EXOR.AS), the Agnelli family holding company that controls the English Premier League Juventus football club, will designate a successor director at the AGM in accordance with Article 19.3 of the Stellantis’s Articles of Association.
The billionaire Juventus Chairman Andrea Agnelli could be tried over the football club’s accounting procedures and alleged illegal commissions or payments, as well as false transactions. He also resigned today as president from Juventus and his position at Exor. Curiously the BBC – normally rife with Premier League football coverage – is not featuring this news item as far as I can tell. Continue reading →