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Category Archives: news
Queen Elizabeth II’s Mulsanne Added to Bentley Collection
Bentley Motors today said that the most recent addition to its Heritage Collection is a custom 2020 Mulsanne Extended Wheelbase, the final example of the Mulsanne handcrafted at Bentley’s Dream Factory in Crewe. It previously resided with the Royal household. It was commissioned by the late Queen, in Barnato paint with a Twine and Cumbrian Green interior. Continue reading
New Electric Vehicles for Nissan UK Sunderland Plant
“Exciting, electric vehicles are at the heart of our plans to achieve carbon neutrality. With electric versions of our core European models on the way, we are accelerating towards a new era for Nissan, for industry and for our customers,” said Nissan President and CEO Makoto Uchida. Continue reading
Posted in electric vehicles, manufacturing, mobility company, new vehicle, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Chill-Out, Hyper Punk, Hyper Urban, juke, Ken Zino, leaf, Makoto Uchida, Nissan UK Sunderland Plant, Qashqai
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Stellantis Repurchases €934M in Shares from Dongfeng
“The purchase of Stellantis common shares by Stellantis from Dongfeng was carried out under the authority granted by Stellantis’ general meeting of April 13, 2023. The share repurchase transaction with Dongfeng will not impact Stellantis’ €1.5 billion open-market share repurchase program announced February 22, 2023, which is expected to complete by the end of 2023,” Stellantis said. Continue reading
Posted in auto news, blog, financial results, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Dongfeng Motor (Hong Kong) International Co, Dongfeng Motor Group Company Limited, Ken Zino, Stellantis N.V.
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Volkswagen Raises Pay of US Plant Workers to Resist UAW
Volkswagen of America said today it will increase the pay of its non-union Chattanooga assembly plant workers by 11%. In what is clearly a defensive move against the reformed and increasingly successful United Auto Workers union in the US, which … Continue reading
Record Consumer Spending Spurs US November Sales
“November results indicate a robust performance with double-digit year-over-year sales growth and record consumer expenditures for the month. The consumer expenditure record was due to strong sales growth, which outweighed a 1.9% decline in transaction prices,” said Thomas King, president of the data and analytics division at J.D. Power. “Sales growth is being enabled by improving vehicle availability. Despite the nearly six-week UAW work stoppage, retail inventory levels in November are expected to finish around 1.6 million units, a 7.5% increase from last month and 43.7% increase compared with November 2022, but still over 40% below pre-pandemic levels, King said. Continue reading
Cruise CEO Resigns as GM Revamps Embattled Company
Cruise CEO Kyle Voght resigned on Sunday and there are media reports that the chief product officer and co-founder Daniel Can also resigned. You wouldn’t know it from the Cruise web site, which remains mute on the defections or what look to be forced resignations. Continue reading
Posted in auto news, autonomous vehicles, blog, milestones, mobility company, news analysis, people, public health
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Craig B. Glidden, cruise, Cruise pause of all driverless operations, Daniel Can, Ken Zino, Kyle Vogt
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Global Automotive Capacity Too High for Demand?
“With the current high-price environment as a backdrop, the progression of the Electric Vehicle (EV) transition and the potential for other external shocks, we can’t help but raise the caution flag about the prospects for the medium-term forecast and a recovery in demand to pre-pandemic levels. We had recently already trimmed the global LV forecast by an average of 7.5 million units a year throughout the forecast horizon, citing pricing pressure as the main driver. However, additional cuts to the outlook post-recovery could be on the horizon if pricing isn’t addressed,” Schuster said. Continue reading
Tether Cyber Scam ~$9M in Crypto Seized by DOJ
The US Justice Department (DOJ) today announced the seizure of ~$9 million worth of Tether, a cryptocurrency pegged to the US dollar. These seized funds were traced to cryptocurrency addresses allegedly associated with an organization that exploited more than 70 victims through romance scams and cryptocurrency confidence scams, widely known as “pig butchering.” Continue reading
Posted in blog, fools 'n frauds, litigation, news analysis, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Chris Kaltsas, FBI Internet Crime Complaint Center, Galen Phillips, Georgiana MacDonald, Ismail J. Ramsey, Ken Zino, Shawn Bradstreet, Tether, US Justice Department, US Secret Service
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Ford Motor Recalls Super Duty F-Series Trucks
Owners are advised not to drive their vehicle until the repair has been performed. Dealers will inspect the front wheel hub extender retaining nuts. If the retaining nuts are loose, dealers will replace the wheel hub extender, retaining nuts, and hub assembly. Continue reading
Stellantis and CATL MoU for Lithium Iron Phosphate Batteries
Stellantis and CATL are considering the possibility of a joint investment in the form of a joint venture with equivalent contributions. Stellantis aims to use lithium iron phosphate (LFP) batteries to assist making its Dare Forward 2030 electrification targets. LFP has a long service life and high thermal stability. Continue reading
Posted in electric vehicles, environment, manufacturing, milestones, mobility company, news analysis
Tagged affordable electric vehicles, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, EV battery ‘gold rush’, Ken Zino, LFP EV batteries, Robin Zeng, Stellantis and CATL MoU
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UAW Sweep – Stellantis Contract Approved by Members
“The members have spoken. After years of cutbacks, months of our Stand Up campaign, and weeks on the picket line, we have turned the tide for the American autoworker,” said UAW President Shawn Fain. “The Stand Up Strike was just the beginning. The UAW is back to setting the standard. Now, we take our strike muscle and our fighting spirit to the rest of the industries we represent, and to millions of non-union workers ready to Stand Up and fight for a better way of life.” Continue reading
Posted in economy, labor issues, manufacturing, milestones
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, great recession, Ken Zino, Rick Boyer, Shawn fain, Stellantis 2023 UAW Contract, The UAW Stand Up Strike, UAW Detroit Three contract talks
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Aston Martin Chuffed over Las Vegas Grand Prix Results
“Touching all of our marketing channels, our activities in Las Vegas demonstrate how we are infusing our brand with F1’s unique high-performance and technology credentials and curating ultra-luxury experiences and events that connect our community of owners and enthusiasts,” Mattiacci said with the hype typical of Las Vegas promotions. Continue reading
Coffeyville Resources Refining Fined $23 Million for Pollution
“The settlement with Coffeyville delivers on the promise of EPA’s new climate enforcement strategy by reducing greenhouse gas emissions equivalent to the annual emissions of 10,000 cars,” said Assistant Administrator David M. Uhlmann for EPA’s Office of Enforcement and Compliance Assurance. “In addition, the actions we are taking alongside our state partners in Kansas will reduce harmful air pollution that makes breathing more difficult and causes smog, acid rain, and tree and plant damage.” Continue reading
Posted in environment, litigation, news analysis, public health
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carbon dioxide, clean air act violations, Coffeyville Resources Refining, CRRM, David M. Uhlmann, epa Office of Enforcement and Compliance Assurance, Ken Zino, methane, nitrogen oxide, so2, sulfur dioxide
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The Corrupting Influence of Money on US Public Health
“Heavy Vehicle emissions standards recently proposed by the Environmental Protection Agency (EPA) would boost the electrification of trucks and buses, but standards stronger than what EPA proposed are needed to de-carbonize transportation at a pace to prevent catastrophic climate change. While leading utilities are showing that they can help build out the infrastructure at the scale necessary to support the proposed standards, they and their customers will need to invest far more ambitiously to support more robust standards.,” claims Daivie Ghosh, Transportation Senior Research Analyst at the American Council for an Energy-Efficient Economy. Continue reading
Posted in blog, environment, fuel economy or emissions, global warming, news analysis, public health, transportation
Tagged ACEEE, American Council for an Energy-Efficient Economy, Atlas Public Policy, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Daivie Ghosh, Edison Electric Institute, Environmental Defense Fund, epa, Ken Zino
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Stellantis Opens its First Circular Economy Hub in Turin
Stellantis has opened its SUSTAINera Circular Economy Hub (CE Hub) at the former Fiat Mirafiori Complex in Turin, Italy. Stellantis hopes to foster its so-called Circular Economy ambitions with a 360-degree approach based on its 4R strategy: Reman, Repair, Reuse, and Recycle. The objectives of the CE Hub are to extend the life of parts and vehicles, ensuring that they last for as long as possible. When that is no longer possible, the material is collected for recycling from the re-manufacturing operations, and from the end-of-life vehicle dismantling activity, and then returned to the manufacturing loop to build new vehicles and parts. Continue reading →