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Category Archives: milestones
Ford Shakes Up Top Management. Again.
Ford Motor Company today announced leadership changes in the ongoing remake of its under-performing business (Ford Motor Company Declares Q2 Dividend of $0.15*). Joe Hinrichs is appointed president, Automotive, effective May 1. In this role, he will lead Ford’s drive to strengthen its Automotive operations and help deliver a sustainable global EBIT margin of at least 8%, about half that of the world’s leading automotive groups. Continue reading
Posted in milestones, news analysis, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Joe Hinrichs, John Lawler, Ken Zino, Marcy Klevorn
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Porsche E-sports – First Global Virtual Racing Series?
Forty “sim racers,” who have successfully made their way through a global qualifying process, will compete in series of ten online races – the first gets underway on April 13 on the virtual version of the Barber Motorsport Park in Alabama, USA. The final race will take place on September 28 at the Circuit Monza, Italy. The championship offers a $100,000 prize pool, according to a 1 April release. Continue reading
Daimler and Geely Form Joint Venture to Develop smart
It’s said that smart will gain shared expertise in manufacturing, engineering and design from both groups. Also, smart will expand to meet demand for electrification, with production based in China. The EVs will be assembled at a new purpose-built electric car plant with global sales due to begin in 2022 in what is said to be an all-electric product renewal. Continue reading
Ford Shakes up European and International Markets as CFO Shanks Retires. Restructuring Continues as Stock Languishes
The more significant news, perhaps, is happening at Ford’s European money pit and its struggling International Markets Group. Peter Fleet, president of IMG, has announced his intention to retire. Fleet, 51, held leading in Ford marketing, sales and service, and business operations globally for nearly 30 years. Prior to the establishment of the International Markets Group, Fleet served as president of Asia Pacific, leading all of Ford’s operations and partnerships across the region. Previously, he was president of Ford ASEAN and vice president, Sales, Ford of Europe. Continue reading
Toyota and Suzuki Agree to Consider a New Collaboration
The slow-moving Japanese companies say Toyota’s strength in electrification technologies and Suzuki’s strength in technologies for compact vehicles, allows for growth through joint collaboration in production and in the popularization of electrified vehicles. Continue reading
Custom Coachwork Beetles at Amelia Island Concours
“While everyone knows the humble Beetle, it’s less well-known that the Beetle platform was used by a number of coach-builders in Europe to produce the amazing, unique vehicles on show this weekend,” said Klaus Bischoff, Head of Volkswagen Design. Continue reading
Bertha Driving the Benz Celebrated
Bertha Benz raised public attention to an invention of her husband Carl by undertaking the first long-distance car journey to Pforzheim covering nearly 100 kilometers more than 130 years age. Continue reading
Nissan LEAF at 400,000 Sales as IMQ Crossover EV Due in 2022
Notably absent from Nissan’s puff is mention of the first and current hybrid leader an among automakers, Toyota with its Prius and numerous hybrid powertrain variations spread among the global Toyota and Lexus lineups. (Toyota Global Hybrid Sales Exceed 10 Million) Continue reading
Saleen Cup Debuts in June as part of Blancpain GT Series
The Saleen Cup – first touted during a press conference on Friday, March 1 at Circuit of the Americas in Austin, Texas – is being held via a partnership with SRO Motorsports Group and will run concurrently with the Blancpain GT World Challenge America. Continue reading
Trade Wars: FCA to Expand Production Capacity in Michigan
Given his vast international experience, Manley appears ideal to negotiate the choppy waters of ongoing and yet unknown trade wars and protect FCA’s investment of nearly $14.5 billion since 2009, with ~30,000 jobs created to date. All automakers are against Trump trade policy by twitter. Continue reading
Millennials – Soon Largest Generation in US electorate
The growing gap by education is even more apparent when looking at annual household income of the elite. For households headed by Millennials ages 25 to 37 in 2018, the median adjusted household income was about $105,300 for those with a bachelor’s degree or higher, roughly $56,000 greater than that of households headed by high school graduates. The median household income difference by education for prior generations ranged from $41,200 for late Boomers to $19,700 for the Silent Generation when they were young. Continue reading
HondaJet Sales First in Class for Second Consecutive Year
Honda Aircraft Company has changed its aircraft production line from the original HondaJet to the HondaJet Elite and will continue to offer the performance package developed by the Advanced Performance Modification Group (APMG) for the original HondaJet. The company expects to maintain production of four to five aircraft per month. Continue reading
Posted in aviation, engineering, marketing, milestones, mobility company, news, news analysis, sales, shows and events, transportation
Tagged Advanced Performance Modification Group, auto industry commentary, autoinformed, autoinformed.com, automotive blog, General Aviation Manufacturers Association, Honda aircraft company, HondaJet Elite, Ken Zino, new vehicle reviews
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FAA Playing Catchup on Drones. Again.
Duh, airplane owners have been doing this since the last century- editor. Continue reading
Cars for Cheese? EU Turning Point in Japanese Localization
In 2018, the three UK Japanese transplants of Nissan, Toyota and Honda collectively produced over 730,000 cars, which represent almost half of all Light Vehicles built in Britain. Continue reading
Cayenne Coupé Marks Asian Premiere
Porsche delivered more than 31,000 units of the Cayenne in China in 2018, representing an increase of 19% compared with the previous year in the slowing Chinese market. With more than 80,000 shipped vehicles, China was once again the biggest individual market for Porsche in 2018. Continue reading →