Category Archives: milestones

Ford to Update Thailand Manufacturing for Ranger, Everest

The investment brings Ford’s cumulative investments in the country to more than $3.4 billion (THB 100 billion) during the past 25 years. The modernization program supports Thailand’s role as a global production and export base for Ford, through its wholly-owned Ford Thailand Manufacturing (FTM) and joint-venture with Mazda at the AutoAlliance Thailand (AAT) truck plant. Continue reading

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December 7th 1941, a Date that Will Live in Infamy

On December 8, President Franklin D. Roosevelt addressed a joint session of Congress, saying the attack on Pearl Harbor (along with attacks on Wake Island, Guam, Midway Atoll, and the Philippines) were “a date which will live in infamy.” One hour later, without Republican obstructionism or filibusters or attacks on voting rights and democracy, Congress passed a formal declaration of war against Japan (Public Law 77-328, 55 STAT 795) by a vote of 82-0 in the Senate and 388-1 in the House of Representatives. Jeannette Rankin [R-MT] cast the dissenting vote. The United States joined Great Britain, France, Russia against the Axis fascist and imperial powers that included Germany, Italy, and Japan. Continue reading

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Hagerty Debuts as a Publicly Traded NYSE Company

The transaction values Hagerty* at a pro forma enterprise of, gulp, ~$3.1 billion. Net proceeds of ~$265 million it’s claimed will be used to advance Hagerty’s growth. Hagerty is self-described as an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market. The firm has been close to the automotive Concourse scene with financial support, particularly in the US. It also sponsors classic car ride-and-drives associated with classic auto shows or events. Continue reading

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Daimler Truck Moves Past MB Commercial Vehicles to Wörth

With Daimler splitting into two independent companies* on 1 December, Daimler Truck has transferred the first batch of historic Mercedes-Benz commercial vehicles and parts of its truck and bus archive to a location in Wörth. Daimler Truck’s collection contains around … Continue reading

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CARB OK’s Record $1.5B for Clean Vehicles, Mobility Options

The CARB approval came the same week as the Biden Administration passed its forward looking, far reaching enlightened infrastructure bill will also move the U.S. toward a cleaner*, job creating society for all that not only builds back better, but posies the U.S. for successful leadership in dealing with extreme climate and life-killing global warming. Continue reading

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First Aston Martin Valkyrie Hypercar Completed

Before each Valkyrie is delivered, it is track-tested at the Aston Martin high performance facility at Silverstone where much of the development of the hypercar has taken place. The hybrid V12 powertrain provides a maximum power of 1,155PS, it’s claimed. the electric boost from the hybrid is 160 horsepower and 207 lb. ft. of torque. Continue reading

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FAA, Finally Five Years After Deadly Accident, Wants a Medical Certificate for Commercial Hot-Air Balloon Pilots

“Balloon pilots are responsible for the safety of their passengers,” said FAA Administrator Steve Dickson. “This proposed rule would ensure that balloon pilots meet the same medical requirements as pilots of other commercial aircraft.” The rule in AutoInformed’s view is more than five years too late because of regulatory capture by the industry, a common problem at the FAA as recently exhibited with the Boeing 737 Max fiasco. Continue reading

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Floorplan – Stellantis Buys First Investors Financial Services

This is either an opportunity or survival necessity, depending on your viewpoint. It will allow Stellantis to provide customers and dealers a range of financing options, including retail loans, leases, and floorplan financing in the near term. A so-called “captive U.S. finance company”  will provide revenue, marketing incentives and mobility services in the digital age for customers who purchase Jeep, Ram, Dodge, Chrysler, Fiat and Alfa Romeo vehicles. Continue reading

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