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Category Archives: news
Toyota FY2021- Net Profit Surges 10% on $20.6B in Revenue
In particular, sales of electrified vehicles of 2,155,000 units or 112.3% of the previous fiscal year presents a serious challenge to would be competitors who are late to a game that increasingly is the only game in town or will be given the trend of current regulations. Continue reading
Mid-Engine Chevrolet Corvette to Pace 2021 Indy 500
The Arctic White Stingray will be the first convertible since 2008 to pace the race. Continue reading
Ultium Cells and Li-Cycle to Expand Recycling in North America
GM’s so-called zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Mining, of course is an environmentally ruinous process with severe negative social effects. The dirty secret is that EVs really aren’t clean when manufacturing and energy generation are taken into account. Continue reading
Nissan Reports Weak Q4, Full Year 2020 Financial Results
Free cash flow for the automotive business was a negative 391.0 billion yen. Nissan claims it has sufficient liquidity to steer through a challenging business environment. At year-end, cash and cash equivalents for the automotive business totaled 1.9 trillion yen. Automotive net cash was 636.0 billion yen. In addition, the company continues to have access to approximately 2.2 trillion yen in unused committed credit facilities. (Nissan Establishes Carbon Neutral Goal for 2050) Continue reading
Renault Sport Cars Becomes Alpine Cars
The challenges of that lofty goal were on full display yesterday during the Formula One race in Spain. The Alpine F1 Team’s Esteban Ocon scored two points at the Spanish Grand Prix after finishing in ninth place at the Circuit de Barcelona-Catalunya with home favorite Fernando Alonso outside the points in seventeenth or in his case Formula None. Mercedes-Benz and Honda dominated the race. The team remains fifth in the Constructors’ Championship. Continue reading
Census Bureau – 26% of Adults Struggle on Expenses
Of pressing concern – adults living in households not current on rent or mortgage, 30.6% report eviction or foreclosure in the next two months is somewhat or very likely. Continue reading
Posted in economy, people
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, Ken Zino, U.S. Census Bureau
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GM Posts Formidable First-Quarter 2021 Results
During a call to media and investors GM said it confident in its full-year 2021 guidance outlined earlier this year as it works to manage through the semiconductor shortage, which is impacting all automakers globally. Based on information available today, the company expects to be at the higher-end of the EBIT-adjusted range of the forecast. Continue reading
April Sales Shower US Market More than 18 Million Times
This refreshing rejuvenation is partly the results of improved social, health and economic conditions under the successful Biden Administration that acted urgently to quell the largest public health crisis in US history that the previous Administration either ignored or promoted. Enjoy the flowers that are coming your way. Continue reading
Ford Rides Biden Administration’s Economic Recovery Surge and a Record April SAAR to a Good Sales Result
Ford’s gross inventory at the end of April remains favorable relative to competitors, according to Ford – a debatable assertion since it also signals a lack of flexibility and response in trimming what are non-performing assets. Continue reading
Posted in news analysis, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ford April US Sales, Ken Zino
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Record year for California Climate Investments
Despite Republican opposition, Californians have gained from these CARB investments through improved public health, fire prevention, affordable housing and energy efficiency, as well as significant reductions in emissions of greenhouse gases. To date, California Climate Investments projects have helped plant more than 133,000 urban trees, reduced smog-forming and other air pollutants by more than 60,000 tons, added more than 7,200 new affordable housing units, and saved Californians almost $93 million through water energy‑efficiency projects. Continue reading
2021 Chicago Auto Show Set for July 15-19
The move comes as a growing body of evidence shows that because of vaccine-resistance the US will never have enough people with vaccinations to reach so-called herd immunity whereby the virus has no easy means to spread. Continue reading
Posted in economy, environment, marketing
Tagged 2021 Chicago Auto Show, auto industry commentary, autoinformed, autoinformed.com, Ken Zino
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Solid Power – More Money from BMW, Ford, Volta Energy Technologies for Solid-State EV Batteries
Of the three companies in the new agreement, BMW Group is the clear leader in electrification. Its Neue Klasse presented at its annual conference in March said this new generation of vehicles, which will be launched by the middle of this decade, will be uncompromisingly electric, digital, circular – and clearly focused on all-electric drivetrains. (All-Electric BMW i4 Shown, Q1 Financial Results of BMW Exceed Market Expectations) Continue reading
Q1 US Real Gross Domestic Product at 6.4% Annual Rate
Commerce says that real gross domestic product increased at a 6.4% annual rate. Personal consumption expenditures increased by a vigorous 10.7% annual rate, while business investment in equipment and intellectual property products continued to grow steadily. Continue reading
April Global Sales – North America Up, Elsewhere Unsettled
Helped by President Biden’s economic stimulus in the face of Republican obstructionism, and states re-opening, the record setting rate of US Light Vehicle sales continued in April. Sales of 1.54 million units were the highest-ever volume for that month. Continue reading →