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Category Archives: results
September US Auto Sales at 2021 Low Point
Automakers sold just under 1 million during September, down by -25% YoY. The annualized rate fell to 12 million units, the same level registered in May 2020 and 1 million units under the August Seasonally Adjusted Annualized Rate, aka SAAR. During Q3 light vehicle sales totaled 3.36 million units, down by -14% YoY and the lowest Q3 since 2011 as volumes plunged -22% from the pre-pandemic level in Q3 2019. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive, Q3 US light vehicle sales
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GM Recalls 15,000 SUVs for Sudden Stalling
Dealers will replace the fuel pump power control module, free of charge as required by US law. Analysis of field data and returned warranty-replaced parts indicates that the condition was caused by a supplier manufacturing issue by Vitesco Technologies in Seguin Texas. Continue reading
Rolls-Royce ‘Boat Tail’ Makes Global Debut
Boat Tail marks a retrograde moment in the archives of Rolls-Royce, “demonstrating the brand’s commitment to coachbuilding as a central part of its future direction and portfolio. It continues and accelerates a contemporary coachbuilding movement that began with Sweptail, the first Coachbuild Rolls-Royce of the modern era, which also made its first public appearance at Villa d’Este back in 2017.” Continue reading
GM Q3 US Sales Drop -33% as Semiconductor Shortage Bites
During the quarter, GM provided an update for investors that its wholesale volumes in North America in the second half of 2021 would be down about 200,000 units from the first half, largely because of supply chain disruptions in Malaysia caused by COVID-19, with most of the impact occurring during the third quarter. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed.com, GM Q3 2021US Sales, Ken Zino, semiconductor shortage
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Mazda, Toyota Building 2022 Corolla Cross in Alabama
Alabama, aside from its history of racism and white supremacy, is a right to work*” (for less?) state, which means workers don’t have to be unionized.** Want to bet the Mazda will be a crossover, with maybe a sub-line for a hybrid and or EV? Toyota is vehemently lobbying against the Biden Administration’s ambitious Build Back Better plan that has a provision for made in American by union workers to be eligible for substantial taxpayer-subsidized EV subsidies. This is part of a forward-thinking strategic plan to create middle-class jobs and benefits from the Administration that was put in place by a majority of voters to rid our democracy of the treasonous former Administration still being led from Trump Castle in Mar-a-Lago (Mar-a-Lardo?) that promoted the January 6 insurrection attempt to take over the US Capital and overturn the Presidential election, aka Big Lie that is the ongoing core (rotten) of the Republican party.
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Shareholders Vote to Spin-off of Daimler Truck, Rename Daimler AG to Mercedes-Benz Group
About 3000 viewers followed the virtual Extraordinary General Meeting on the Internet. A bare majority of 56.45% of the share capital was represented. Continue reading
Climate Change Car Wars – GM to Reach 100% Renewable Energy in 2025
It’s the latest p.r. shot in the car marketing wars by automakers that no longer can deny the real life and planet threatening damages incurred by fossil fuel use. Continue reading
Posted in auto news, electric vehicles, environment, global warming, manufacturing, milestones, news analysis, public health
Tagged auto industry commentary, autoinformed.com, EPA Energy Star, global warming, GM renewable energy at its plants, Ken Zino, Kristen Siemen, renewable energy
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Connected Cars – GM Debuts Ultifi for Saleable APPs, Services
This latest move is part of an ongoing transition in the auto industry toward more cloud-based services, faster software development and new opportunities to increase revenue and, maybe, customer loyalty. Ultifi is enabled by hardware built into select next-generation products starting in 2023, encompassing internal combustion and electric vehicles. Continue reading
Sunshine as Disinfectant or Glare? – SEC Proposes Enhanced Proxy Voting Disclosure
While the intent is to slow down the insider trading practices in the capital markets, it is by no means certain it will do so. Without doubt it will increase the complexity and length of disclosure documents thereby leading to more confusion among the people it is trying to help. Continue reading
US September Auto Sales Projected Down -25%
“The mismatch between strong consumer demand and constrained inventory is leading to higher vehicle prices. In September 2021, average transaction prices are expected reach an all-time high of $42,802, the fourth consecutive month over $40,000,” said Thomas King, president of the data and analytics division at J.D. Power. This begs the question, AutoInformed opines, are automakers about to face another revenue threatening affordability crisis? Continue reading
Palou Driving a Honda is 2021 IndyCar Series Champion
Several crashes marred the Long Beach race – consistent with the season as several IndyCar drivers demonstrated the idiocy of making moves that were almost always likely to hurt theirs and other driver’s chances. Reigning 2020 champion Simon Pagenaud finished fifth with a decent run. Other drivers in contention weren’t so lucky or level headed. Josef Newgarden finished second and Scott Dixon, the six-time and reigning champion, finished third. Palou took the championship by 38 points over Newgarden. Continue reading
Climate Change – EPA Targets Hydrofluorocarbons Again
A global phasedown of HFCs is expected to avoid up to 0.5 °C of global warming by 2100. This final rule will phase down the U.S. production and consumption of HFCs by 85% during the next 15 years, as mandated by the American Innovation and Manufacturing (AIM) Act that was enacted in December 2020 after the environmental hater “global warming is a Chinese hoax” was evicted by voters the month before from occupying the Whitehouse. Continue reading
GM, Amazon Offer OnStar Emergency Service at Home
When the OnStar Guardian skill for Amazon Alexa (OStGsfAA?) is enabled on compatible, in-home Alexa devices, people can reach OnStar Emergency-Certified Advisors by saying, “Alexa, call for help,” during crisis events, such as house fires, medical emergencies, break-ins and so forth. Continue reading
Posted in milestones, mobility company, safety
Tagged Amazon Alexa, auto industry commentary, autoinformed.com, Echo, Echo Dot, Echo Show, Ken Zino, OnStar Guardian
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August Global Light Vehicle Sales Weaken Again
The US Light Vehicle market continued to be hurt by low inventories during July. Sales grew by only 3.2% YoY, to 1.28 mn units. This is a slight advance compared to July 2020’s pandemic-affected result. The selling rate declined more to 14.6 mn units/year, from 15.4 mn units/year in June. This is the lowest rate since June 2020. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, July Global Sales, Ken Zino, lmc automotive
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GM’s Dual Platform Strategy – Doubling Revenues by 2030?
However, the success of the prediction will depend on GM smoothly transitioning from internal combustion engines, traditional blacksmithing manufacturing, while keeping dealers and training them for what is the most significant transformation the auto industry has ever seen. This is how science fiction becomes science fact with GM selling more than one million EVs by 2025; 30 million connected vehicles in North America on the road by 2030. Along the way the United States and ultimately the world will turn into an environmental culture that uses technology to make things cleaner and safer. Continue reading →