Category Archives: financial results

Porsche AG Board Drastically Cuts 2025 Annual Dividend ~50%

Posted on 23 June 2026 by Ken Zino

“This is a responsible approach for the company and its stakeholders,” said CEO Dr Michael Leiters. “We are ensuring financial flexibility during this transformational phase and systematically supporting our strategic realignment. The management’s goal remains to sustainably strengthen the robustness of the business model and create long-term value.” Continue reading →

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Data Center Tax Abatements Threaten State Budgets and You

Posted on 12 June 2026 by Ken Zino

A new analysis released today from Good Jobs First finds that state and local governments are losing tax revenue to data center subsidies at an unprecedented rate, with costs rising sharply in states that disclose the value of their tax breaks and many others still failing to report the losses at all. Transparency also remains a large issue: 14 states with data center tax exemptions still do not publish comprehensive annual revenue-loss figures, making it difficult for lawmakers and taxpayers to understand the true cost of the incentives.* [In short, taxpayer’s pockets are being picked by wealthy firms and special interests. While local programs such as school or library budgets are potentially hurt. Homeowner property taxes could rise drastically the over the shortfalls. – AutoCrat] Continue reading →

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Mixed Results on Trump Auto Tariff, Policy Scorecards

Posted on 11 June 2026 by Ken Zino

Plante Moran shared its North American Production Outlook 2026 – 2033 forecast with the Society of Automotive Analysts this week. It is investigating at the mid-2026 point how electrification continues to influence auto industry direction as the year unfolds. The estimable mega-consulting firm that deals in audit, tax, consulting, and wealth management globally has a significant advisory presence in the auto industry.  It says changes are coming later this decade and into the early 2030s. 

“The North American production volume outlook for growth remains, but we’re seeing some geographic shifts, mostly to the US. And amount of this growth will be encountered in the later years of our projections,” said Dan Lee, principal at the Southfield, MI office. And that’s largely due to the delays in EV adoption that we’ve seen whether that’s planned to be paused or not.” Continue reading →

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Harley‑Davidson On-Shoring Motorcycle Production

Posted on 10 June 2026 by Ken Zino

Harley-Davidson, Inc. (NYSE: HOG) said this week that it is bringing production of the Revolution® Max platform for North America back to the United States as part of the Company’s so-called Back to the Bricks strategy. [The venerable company has been clobbered by Trump Administration economic policies – AutoCrat.]. The move returns machining, powertrain assembly, painting, and final vehicle assembly work back to Harley-Davidson facilities in Pennsylvania and Wisconsin, with union jobs. The motorcycles are Pan America, Sportster® S, and Nightster models. The production transition is expected to be completed ahead of the start of Model Year 2028 production in 2027. Harley-Davidson expects to manufacture more than 100,000 motorcycles out of the Company’s York, Pennsylvania facility in 2027. Continue reading →

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BTS – May 2026 Fuel Prices Are Sky-High Up 32-50%

Posted on 2 June 2026 by Ken Zino

The Bureau of Transportation Statistics (BTS) today released monthly motor fuels prices for May 2026. The news shows the dire straits motorists are in with the prices at the pump confirming the ongoing trend under the Trump mis-administration. This comes as Iran on Monday has charged the Trump administration with ceasefire violations in Lebanon, saying it will close the Strait of Hormuz and stop swapping messages with the U.S. through intermediaries.

“In May 2026, the average price for regular motor gasoline was $4.48 per gallon; up 9.2% from April 2026 and up 42.2% from May 2025. The average price for diesel no. 2 was $5.60 in May 2026, up 1.8% from April 2026, and up 60.0% from May 2025,” BTS said. Continue reading →

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California Air Resources Board Tweaks Cap-and-Invest

Posted on 1 June 2026 by Ken Zino

“At a moment when climate policy is under attack and global economic upheaval is creating real uncertainty, this rule-making is critically important for California,” said CARB Chair Lauren Sanchez. “California has both an opportunity and a responsibility to lead with consistency. By moving forward today, we are responding to real affordability concerns while sending a clear and unwavering signal to the world that we remain committed to long-term investment in clean energy, good jobs, and healthier communities.” Continue reading →

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Indianapolis 500 Purse at Record $30,906,400

Posted on 26 May 2026 by Ken Zino

The purse for the 110th Indianapolis 500 totaled a record $30,906,400. First-time winner Felix Rosenqvist of Meyer Shank Racing w/Curb Agajanian earned a record-high $4.34 million. That translates to $21,700 per lap for the 200 lap race presented by Gainbridge. The announcement came at the Victory Celebration, held this year at the Indiana Convention Center in downtown Indianapolis on Monday night. [The Indianapolis 500 purse consists of Indianapolis Motor Speedway and NTT IndyCar Series awards, plus other designated and special awards. – AutoCrat]* Continue reading →

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Stellantis FaSTLAne 2030 Financial Reform Revealed

Posted on 21 May 2026 by Ken Zino

“We have great people, the muscle of global scale, unmatched brands that connect and inspire, the deep local roots of our regions and dealer partners to meet our customers’ distinctive needs, and a relentless focus on innovation and excellence in execution. With these strengths, we are uniquely positioned to offer delight, functionality, and affordability. Adding to these the accelerating and amplifying benefits of our ‘win-win’ partnerships, we have everything we need to deliver our FaSTLAne 2030 ambitions,” claimed Filosa. [This is the corporate equivalent of betting on the come line in the Casino at Monte Carlo – AutoCrat.] Continue reading →

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BMW Group to Convert Preferred Shares to Common

Posted on 14 May 2026 by Ken Zino

At the Annual General Meeting of BMW AG (XETRA: BMWG.DE) late yesterday, and a subsequently held separate meeting of preferred shareholders [Susanne Klatten and Stefan Quandt – AutoCrat], the conversion of preferred shares into ordinary shares was approved.

“For the weighting of BMW AG in major stock indices such as the DAX or the EURO STOXX 50, it is already the ordinary shares that are decisive as the share class with the highest free‑float market capitalization. As a result of the conversion, their proportion in free float will increase significantly by around 19%,” said Chief Financial Officer Walter Mertl on Wednesday in Munich. “This step therefore strengthens the weighting of BMW AG in relevant indices. The simplified capital structure represents a clear added value for investors and may have a positive impact on the share price performance of the BMW share.” Continue reading →

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Nissan 2025 Operating Loss at ¥533B. Drops FY 2026 Dividends

Posted on 13 May 2026 by Ken Zino

“FY2025 marked a year of steady execution under Re:Nissan, where we strengthened our foundation and began to see tangible progress in our financial performance. At the same time, we set our long‑term direction with Mobility Intelligence for everyday life. We have moved beyond recovery and are entering a phase of growth,” said Chief Executive Officer Ivan Espinosa. Continue reading →

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CPI for Transportation Goods and Services Up 7%. Fuel 28%

Posted on 12 May 2026 by Ken Zino

“The CPI for all transportation goods and services rose 7.1% from April 2025 to April 2026. Transportation contributed 31.1% to the 3.8% increase in the price of all goods and services per the CPI. Gasoline (all types) contributed the most to inflation, rising 28.4% year-over-year and contributing 24.2% to the annual change in the price of all goods and service,” BTS said. Continue reading →

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Toyota Motor FY2026 Net Income at $24.61B Drops 19%

Posted on 8 May 2026 by Ken Zino

Toyota Motor Corporation (NYSE: TM, 7203T) today posted a FY2026 [1 April 2025 – 31 March 2026] Net Income of $24.61B or a drop of -19% compared to FY 2025. “I view our 17 years under then-President Toyoda and then-President … Continue reading →

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Trumped Thumped – N.A. Automaker 2025 Tariff Costs $12.5B!

Posted on 7 May 2026 by Ken Zino

“$12 billion is a hefty bill, and that’s only for cars and parts from two countries,” said Anh Do, senior analyst at Anderson Economic Group. “The total tariff burden borne by the American auto industry and its customers last year is much higher when you include tariffs on steel and aluminum, as well as imports from Europe and Asia.” Continue reading →

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Goodyear Q1 Loss of $249 Million. Per Share Loss at $0.39

Posted on 6 May 2026 by Ken Zino

“The first quarter reflected a challenging environment, marked by weak consumer industry demand in both OE and replacement across the majority of our key geographies,” said CEO Mark Stewart. “Despite a weak environment, our first quarter results were in line with our expectations and reflect our commitment to drive value for our brands in the marketplace, where we offer world-class differentiated products and services.” Continue reading →

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BMW Group Q1 2026 Sales Soft. Earnings at €2.348 Million Drop

Posted on 6 May 2026 by Ken Zino

“Once again, our earnings for the first quarter demonstrate the value of strategic consistency, operational strength and a high degree of flexibility. We are well positioned to deliver continued success, despite challenging conditions,” claimed Oliver Zipse, Chairman of the Board of Management of BMW AG.

[The questions for 2026 are whether EVs are salable without money on the hood so to speak in the U.S. How increased low-cost Chinese EVs in Europe affect premium brand sales, and the whim or dementia of the moment of the Trump Administration tax and tariff policies and their negative effects on Global trade. Trump said last Friday that he would boost tariffs on EU cars and trucks to 25% this week from 15% – AutoCrat?] Continue reading →

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