Category Archives: results

FAA Linking with Choctaw Nation to Study Low Altitude Cargo Delivery by Unmanned Aircraft Systems

Posted on 8 March 2021 by Ken Zino

The parties will use virtual simulated urban environments for research. Another aim of the MOU is to promote interest in science, technology, engineering and mathematics programs for students seeking possible careers in aerospace. Continue reading →

Posted in aviation, electric vehicles, milestones | Tagged , , , , , | Leave a comment

Ford Motor Recalls All 2021 Mustang Mach-E Crossovers

Posted on 7 March 2021 by Ken Zino

Ford also said in a late Friday afternoon release – days before the required NHTSA safety recall documents are publicly available, including information how the defect determined after it was discovered – that “it is not aware of any accidents or injuries related to this condition.” “Condition” is pr babble for safety defect. Continue reading →

Posted in customer satisfaction, recalls, safety | Tagged , , , , , | 1 Comment

Stellantis Reports Legacy FCA, PSA 2020 Financial Results

Posted on 5 March 2021 by Ken Zino

Nonetheless Stellantis was profitable in 2020 despite COVID-19 with 7.1% Automotive adjusted operating margin at €3.4 billion. Its 9.4% H2 Automotive adjusted operating margin was a record. The net result of group share was €2.2 billion with €2.7 billion Automotive free cash flow and a €13.2 billion Automotive net financial position. Continue reading →

Posted in economy, financial results | Tagged , , , , , , | 1 Comment

SEC Starts Task Force on Climate Change Investment Risks

Posted on 4 March 2021 by Ken Zino

What this means, in short, is that things are getting tougher for companies that are part of the global warming crisis or want to profit from investors who wish to support firms that are run on an environmentally friendly basis.  but wish to avoid the consequences. Environmental, social, and governance (ESG) criteria are an “increasingly popular way for investors to evaluate companies in which they might want to invest,” said the SEC. In the financial markets, mutual funds, brokerage firms, and robo-advisors now offer products that employ ESG criteria. ESG criteria can also help investors avoid companies that might pose a greater financial risk due to their environmental or other practices. Continue reading →

Posted in auto news, economy, environment, fuel economy or emissions, global warming, milestones, mobility company, news analysis, public health | Tagged , , , , , , , | 3 Comments

Volvo Cars Posts a +29% Global Sales Increase in 2021

Posted on 4 March 2021 by Ken Zino

In China, Volvo Cars sold 29,243 cars in the first two months of the year, up 160.6% year-on-year, as the company managed to more than recover lost sales due to Covid-19 shutdowns last year. For the month of February, Volvo Cars sold a total of 50,795 cars, up 27.8% compared with the same month last year, and the company’s best February sales performance ever. Continue reading →

Posted in results, sales | Tagged , , , | Leave a comment

Ugh – US Light Vehicle Sales Drop during February 2021

Posted on 3 March 2021 by Ken Zino

Blame the weather since US light vehicle sales dropped to 1.18 million in February, according LMC Automotive, an automotive global forecasting consultancy. Continue reading →

Posted in results, sales | Tagged , , , , | Leave a comment

First Look – February 2021 Auto Sales

Posted on 3 March 2021 by Ken Zino

Subaru of America sold 48,300 vehicle sales for February 2021, only a -6.6% decrease compared to a February sales record set in 2020 Continue reading →

Posted in results, sales | Tagged , , , | Leave a comment

Daimler Truck, Volvo Group Create “cellcentric” Fuel-Cell JV

Posted on 1 March 2021 by Ken Zino

The joint venture will develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications. A key goal of Daimler Truck AG and the Volvo Group is to start with customer tests of trucks with fuel-cells in about three years and to commence series production during the second half of this decade. Continue reading →

Posted in alternative fuels, auto news, electric vehicles, environment, fuel economy or emissions, global warming, milestones, news analysis, transportation | Tagged , , , , | Leave a comment

Daimler Earns €4.0 billion in 2020

Posted on 25 February 2021 by Ken Zino

During 2020, net profit improved to €4.0 billion (2019: €2.7 billion). Net profit attributable to the shareholders of Daimler AG amounted to €3.6 billion (2019: €2.4 billion), leading to an increase in earnings per share to €3.39 (2019: €2.22). At the Annual General Meeting on 31March 31, 2021 the Board of Management and the Supervisory Board will propose a dividend of €1.35 per share (2019: €0.90). Total payout will amount to €1.4 billion (2019: €1.0 billion). Continue reading →

Posted in financial results | Tagged , , , , , , | Leave a comment

Ford F-Series Recalls for Windshield Ejections, Wrong Labels

Posted on 22 February 2021 by Ken Zino

In a crash, the windshield may not adequately stay in place, which may increase the risk of occupant injury. Ford said it is “not aware of any accidents or injuries related to this condition.” Continue reading →

Posted in customer satisfaction, recalls, safety | Tagged , , , , , | Leave a comment

Groupe Renault Posts 2020 Loss of -€8.5 Billion

Posted on 19 February 2021 by Ken Zino

The disastrous results take into account an increase of charges related to restructuring costs and impairments of almost a €1 billion. Net income of -€8,046 million (-€660 million in H2) compared to €19 million in 2019.  However, a  negative Automotive operational free cash flow of -€4,551 million is distressing even with a positive contribution of €1,824 million in H2. Continue reading →

Posted in financial results | Tagged , , , , | 2 Comments

Ford Europe is Planning on Shifting Passenger Cars to All EVs by 2030, Commercial Vehicles Will Eventually Follow

Posted on 19 February 2021 by Ken Zino

The news comes after Ford reporting, in the fourth quarter of 2020, finally, a return to profit in Europe and announced it was investing at least $22 billion globally in electrification through 2025, nearly twice the company’s previous EV investment plans. Continue reading →

Posted in electric vehicles, electronics, fuel economy or emissions, manufacturing | Tagged , , , , , , , | Leave a comment

Ford Motor Still Ensnared in Takata Airbag Shrapnel Recall

Posted on 18 February 2021 by Ken Zino

Ford said it has identified that certain Takata airbag modules that produce life threatening shrapnel “were not purged from service stock after the parts for the permanent service fix became available.” Continue reading →

Posted in customer satisfaction, recalls, safety | Tagged , , , , , | Leave a comment

Porsche SE Profit For Fiscal Year 2020 Forecast at €2.6 Billion

Posted on 12 February 2021 by Ken Zino

The group result after tax of Porsche SE is influenced significantly by its equity result from the capital stake in Volkswagen AG of currently about 31.4%, and thus by the group result after tax of Volkswagen AG. Continue reading →

Posted in economy, financial results | Tagged , , , , , | 1 Comment

BMW Largest US Automotive Exporter for 7th Consecutive Year

Posted on 12 February 2021 by Ken Zino

Spartanburg experienced a production interruption due to the coronavirus pandemic. After a five-week non-production period, associates returned for one shift on May 4. With new health guidelines and procedures in place, production slowly ramped up as the supply chain stabilized and customers returned in the summer. During the last six months of the year, Plant Spartanburg produced nearly 218,000 BMWs, a record for any six-month period in the factory’s history.  The plant produced 361,365 vehicles for the entire year 2020. Continue reading →

Posted in manufacturing, milestones | Tagged , , , , | Leave a comment