Category Archives: results

Off the Roof Rails – Ford Recalls 616,967 Explorer SUVs

Posted on 10 May 2021 by Ken Zino

This by AutoInformed’s count is the 22nd Ford Motor recall this year in the U.S. Ford said it is not aware of any reports of accident or injury related to this safety defect, perhaps the reason Ford took it’s time, according to the Chronology below. Continue reading →

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BMW Group Q1 – Record Deliveries of 637,000, up 33%

Posted on 7 May 2021 by Ken Zino

Improved revenues and earnings of €4.26 per share were driven by a combination of higher sales volume figures across all regions of the world, particularly in China, and higher selling prices. Helpful effects also came from the sharp rise in prices of used vehicles, causing revenues from the sale of previously leased vehicles to rise, above all in the USA where the Biden Administration economy is soaring. Group revenues grew by 15.2% to €26,778 million (2020: €23,252 million; +18.9% adjusted for currency factors). Continue reading →

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Stellantis First Ever Q1 Shows Revenue, Sales Increases

Posted on 6 May 2021 by Ken Zino

The combined companies shipped 1,477,000 units. The market launch of all-new Opel Mokka began in March 2021 to European consumers, representing a return to the market after being discontinued in 2019. All-new Grand Wagoneer/Wagoneer and next generation Jeep Grand Cherokee production launches remain on track for late Q2 2021 and Q3 2021, respectively. All-new Grand Cherokee L (3-row) production commenced, with commercial launch in late Q2 2021. Continue reading →

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GM Posts Formidable First-Quarter 2021 Results

Posted on 5 May 2021 by Ken Zino

During a call to media and investors GM said it confident in its full-year 2021 guidance outlined earlier this year as it works to manage through the semiconductor shortage, which is impacting all automakers globally. Based on information available today, the company expects to be at the higher-end of the EBIT-adjusted range of the forecast. Continue reading →

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Ford Rides Biden Administration’s Economic Recovery Surge and a Record April SAAR to a Good Sales Result

Posted on 5 May 2021 by Ken Zino

Ford’s gross inventory at the end of April remains favorable relative to competitors, according to Ford – a debatable assertion since it also signals a lack of flexibility and response in trimming what are non-performing assets. Continue reading →

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Kia April Global Sales Recovery from Covid Contraction

Posted on 3 May 2021 by Ken Zino

Sales recovered in the U.S. led  by Telluride and Seltos SUV models, which also helped this year’s strong global results. Kia recorded its second best-ever monthly sales in the U.S., with five Kia models setting sales records this April helped by a competent Federal Government taking demonstrably successful steps to address the Covid pandemic. Continue reading →

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Hyundai Motor America Posts Record April 2021 Sales

Posted on 3 May 2021 by Ken Zino

Hyundai Motor America reported total April sales of 77,523 units, a 128% increase compared with April 2020. This is consistent with other makers’ results since last April a Fool was in the White House promoting bleach as a Covid cure as the pandemic increased in severity with disastrous social, employment and economic consequences.  Continue reading →

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Mazda Reports North American April Sales Results of 31,000

Posted on 3 May 2021 by Ken Zino

Mazda North American Operations (MNAO) today reported total April sales of 31,117 vehicles, an increase of 184.4%  compared to the Covid disaster month of April 2020 – one of many under the previous “drink bleach” federal administration. Continue reading →

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Audi Recalls 36 Models for Rear Axle Corrosion, Failure

Posted on 3 May 2021 by Ken Zino

In the required NHTSA filing Audi said: “ It cannot be ruled out that the rear axle could suddenly and uncontrollably move in the wrong direction at higher speeds. This can lead to a loss of vehicle control and a crash without warning… Due to stress corrosion on the lock nuts of these particular production batches, the nut of the excentric (sic) bolt on the trailing arm of the rear axle may break which may cause alterations in the wheel alignment of the rear axle. The driver may notice a steering wheel misalignment when driving straight ahead or the vehicle pulling to one side when braking or accelerating.” Continue reading →

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FY2021 Toyota Sales, Production Drop Less than 10%

Posted on 29 April 2021 by Ken Zino

Toyota’s global sales and production have both been up year-on-year since September 2020, enabling Toyota to limit the year-on-year decline in sales and production to less than -10% in FY2021 ending 31 March 2021. Additionally, Toyota has maintained domestic production at the 3-million-unit level. Continue reading →

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Ford Posts Q1 Income of $3.3B. Semiconductors Still Difficult

Posted on 29 April 2021 by Ken Zino

The company anticipates full-year 2021 adjusted EBIT to be between $5.5 billion and $6.5 billion, including an adverse effect of about $2.5 billion from the semiconductor supply issue. Adjusted free cash flow for the full year is projected to be $500 million to $1.5 billion, a large range reflecting the uncertainty in a global economy still reeling from the Covid pandemic. Continue reading →

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Penske Automotive Posts All Time Record Q1 Results

Posted on 28 April 2021 by Ken Zino

Penske – as a diversified international transportation services company – is a good leading indicator of the overall health of the transportation sectors with the caveat that it is heavily biased toward luxury brands. Continue reading →

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Daimler Raises Financial Targets After Strong Q1 Results

Posted on 24 April 2021 by Ken Zino

The good operating performance in the first-quarter translated into an EBIT surge to €5,748 million (Q1 2020: €617 million). Adjusted EBIT, reflecting the underlying business, also multiplied to €4,970 million (Q1 2020: €719 million). China, the world’s largest vehicle market, was a key component in the comeback after it successfully fought off the Covid pandemic that Europe and the Americas are still struggling with. Continue reading →

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Groupe Renault Posts Flat Results for Q1 2021

Posted on 22 April 2021 by Ken Zino

Well, during Q1 2021, Group revenues were  €10,015 million (-1.1%). At constant exchange rates1, Group revenues would have increased by 4.4%. Automotive excluding AVTOVAZ revenues amounted to €8,566 million, down -0.3%. In addition to the change in inventories, which explains most of the negative impact of the volume (-6.5 points), revenues were adversely affected by a negative currency effect of -4.3 points. Continue reading →

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Q1 Financial Results of BMW Exceed Market Expectations

Posted on 20 April 2021 by Ken Zino

Part of the reason, of course, was extremely low expectations for the Munich-based auto conglomerate because of the ongoing Covid 19 pandemic. Continue reading →

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