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Category Archives: news
May 2024 Global Light Vehicle Sales Rate Up Slightly
“Key markets, China and the US, benefited from improved selling rates versus the previous month. In Europe, there was little change for the West of the region in its month-over-month (MoM) selling rate evolution. While Eastern Europe made progress, with the latter once again supported by recovery in Russia. In Japan, the selling rate declined notably as supply issues persist,” the GlobalData light-vehicles sales forecast team said. Continue reading
Stellantis Updates Circular Economy Initiatives at IARC
“Since the introduction of SUSTAINera, in 2022, we achieved very positive results in areas such as parts re-manufacturing, battery recycling and end-of-life vehicles”, said Alison Jones, Senior Vice President of Stellantis’ Global Circular Economy, who delivered a keynote presentation at International Automotive Recycling Congress (IARC), in Antwerp, Belgium. “We remain committed to our target to increase recycling revenues by ten times and achieve more than €2 billion in total circular economy revenues by 2030 – fully in line with Stellantis’ Dare Forward 2030 strategic plan.” Continue reading
Posted in economy, environment, global warming, mobility company, news analysis, public health, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, International Automotive Recycling Congress, Ken Zino, Loi AGEC, SUSTAINera, the Anti-Waste and Circular Economy French law AGEC, VALORAUTO
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Surprising Shifts in the 2024 American-Made Index
A Cars.com survey found more than half of in market car shoppers are willing to pay more for people, if it creates more U.S. jobs. The question is how much more are they willing to pay? And I’m happy to tell you that the answer is a lot more. Car shoppers cars.com surveyed said 56% are willing to pay more for a vehicle if it creates more U.S. jobs. Of those, 58% say they’re willing to pay an additional 10% considering the overall expense of vehicles. Consumers desire to support jobs in the US is something that automakers and dealers should be more aware of,” said Cars.com Editor-in-Chief Jenni Newman at an Automotive Press Association Briefing that AutoInformed was part of. Continue reading
Chinese Trade Wars – EU Adds High Tariffs on EV Imports
“Fair competition is good,” Ursula von der Leyen, European Commission President, recently said. “What we don’t like is when China floods our market with massively subsidized electric cars. And we have to tackle this, we have to protect our industry,” said von der Leyen. Like covid, trade wars with China, which has extremely competitive EV technologies and vehicles, are now a pandemic. The tariffs are subject to revision. And lobbying… Continue reading
Chinese Trade Wars – Exports Growing, Prices Dropping
Two very real problems are increasing for non-Chinese global automakers. First, is the penetration rate. This is the market share of the vehicles that are the future of the companies that will survive what is an historic reshaping of a global industry. Here, so-called New Electric Vehicles – [NEVs – battery electric vehicles, plug-in hybrids and range-extended electric vehicles combined] that have been heavy promoted, subsidized and pushed forward by the Chinese government are now accounting a 43% share in April, an historic high. The economies of scale are enormous and a clear Chinese competitive advantage. Continue reading
Posted in auto news, economy, electric vehicles, electronics, environment, global warming, manufacturing, marketing, mobility company, news analysis, public health, sales, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration, Bidenomics, BYD Qin L, Chinese Trade Wars, consumer electronics, Global Data Analyst comment, GlobalData, internet of things, Ken Zino, Nan Zhang, Xiaomi
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Stellantis Promise or Puff? – Clean, Safe, Affordable Mobility
No matter how nuanced a view you take, Jeep is central to the plan. The China Leapmotor Strategy is either daft – given the expanding global trade war with China or dictated by reality. Perhaps more significant in this moment, Stellantis re-affirmed its 2024 financial guidance and capital return plan, which promises double-digit Adjusted Operating Income (AOI) margin and positive industrial free cash flows. Stellantis will provide ≥€7.7 billion in dividends and buybacks during 2024. Continue reading
Posted in auto news, electric vehicles, financial results, fuel economy or emissions, global warming, manufacturing, marketing, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Ken Zino, Natalie Knight
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EPA 2031 CAFE – EVs, PHEVs, Hybrids Will Grow
For those of you who inhabit the Trump Washington swamp and have misinformation fever, Trump did not decrease the standards as he promised. Incremental increases were slowed down a bit. Enter the Biden Administration, which basically went back to the sharp CAFE increases that occurred under the Obama Administration. Simply put, CAFE will increase because of the significant fines for non-compliance now in place. Continue reading
Posted in alternative fuels, auto news, connected vehicles, electric vehicles, engineering, environment, global warming, manufacturing, news analysis, public health
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, CAFE through 2032 model year, EVs, hybrids, internal combustion engines, Ken Zino, PHEVs
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Porsche 2024 Annual Meeting Sweep. Dividend Doubled
“In 2023, Porsche impressed while realizing all its ambitious forecasts. Our financial position is robust and, even in uncertain times, we remain highly profitable. For Porsche, 2024 is a year of new product launches, with the biggest model launch program in the company’s history. In the past months we have launched new models for five model series. We are thereby laying the foundations today for our profits tomorrow – and for future dividends,” said Oliver Blume, Chairman of the Executive Board. Continue reading
NHTSA Eases CAFE Regs For 2027-2031 Model Years
“Not only will these new standards save Americans money at the pump every time they fill up, they will also decrease harmful pollution and make America less reliant on foreign oil,” U.S. Transportation Secretary Pete Buttigieg said. “These standards will save car owners more than $600 in gasoline costs over the lifetime of their vehicle.” Continue reading
Posted in auto news, economy, energy, environment, fuel economy or emissions, news analysis, shows and events, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration, corporate aver fuel economy, fuel economy regulations, Ken Zino, Pete Buttigieg, US Department of Transportation
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NHTSA Fire Alert – Park Outside! 2020-2024 Kia Tellurides
The National Highway Traffic Safety Administration said today in a Consumer Alert that Kia America has issued a “park outside” recall for 462,869 model year 2020-2024 Telluride vehicle. There is a risk of fire while parked or driving in the vehicles. Kia is advising owners to park their vehicles outside and away from other vehicles and structures until the recall repair has been completed. Continue reading
Toyota to Expand Huntsville Engine Plant
The Huntsville-assembled engines power the Corolla, Corolla Cross, Highlander, RAV4, Sequoia, Sienna, Tacoma and Tundra. Toyota Alabama is the company’s largest engine producer in North America, employing more than 2000 non-union workers who assembled more than 770,000 engines in 2023. Continue reading
US Light Vehicle Sales Strong in May
“May is usually an important month for the automotive industry, with warmer temperatures and Memorial Day sales events traditionally bringing consumers out to buy vehicles. This year was no different, with incentives being significantly higher than a year ago, allowing for some buyers to make deals that were not possible when inventory levels were low,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading
May 2024 Car Sales Drop 3% in EU
Registrations of battery-electric (BEV) cars declined by 12% to 114,308. The total EV market share dropping to 12.5%. Belgium – now the third-largest market by volume for BEVs – and France were the only key markets to record growth, at 44.8% and 5.4%, respectively. Germany (-30.6%) and the Netherlands (-11.7%) had significant declines. From January to May, a total of 556,276 new battery-electric cars were registered. This is a 2% increase from the same period last, according to the ACEA trade group. Continue reading →