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Environmental About Face – General Motors Ditching Internal Combustion Engines by 2035. Carbon Neutral by 2040?
More than half of GM’s capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs. And in the coming years, GM plans to offer an EV for every customer, from crossovers and SUVs to trucks and sedans. This neatly coincides with President Biden’s executive orders dealing with climate change and converting federal fleets to EVs. The success of the initiative will depend on the voters, err buyers, who will ultimately decide. Continue reading
Nissan Establishes Carbon Neutral Goal for 2050
The company’s electrification and emissions reduction efforts support the aims of the U.N. Paris Agreement on climate change and global progress toward carbon neutrality by 2050. Continue reading
Ford to Manufacture Mustang Mach-E in China
Ford will also localize production of the Mustang Mach-E’s GT performance edition in China, a first by a global automaker to locally manufacture high-performance editions. The GT high performance edition will adopt a front and rear dual-motor layout, joining the 3-second club with its impressive 0-100km/h acceleration capabilities. Continue reading
Penske Automotive Group Increases Dividend
With this increase, the annualized dividend is $1.72 per share and represents a yield of 2.7%, the highest in our peer group. Our business and cash flow remain strong despite the Covid-19 pandemic, as the actions we took to mitigate its impact continue to provide operational benefits,” said President Robert K. Kurnick. Continue reading
Promoting Aluminum – Constellium, Novelis Form Alumobility
Automakers of course continue to use lightweight, high-strength, aluminum, as well as steel, plastics composites – carbon fiber and the like, to make vehicles. Alumobility has developed technical studies that address the next-generation aluminum door and an all-aluminum structural B-pillar. It claims aluminum can effectively compete with other materials for mass production vehicles at an attractive cost to manufacturers. Continue reading
BMW Says It’s Solvent, Marginally Profitable During 2020
The positive operating result of the Automotive segment in the fourth quarter is partially due to “better than expected re-marketing results in the pre-owned car market.” This of course has a positive effect in the Financial Services segment, leading to a Return on Equity for the segment which is only slightly down on prior year as opposed to a moderate decline as indicated in the current outlook. However, the EBIT margin in the Automotive Segment for the full year 2020 is at the “upper end of the 0 – 3% corridor.” The Group EBT remains within the outlook and in line with market expectations. Continue reading
GM to Sell Navistar Hydrotec Fuel Cell Power Cubes for EVs
The GM move is the latest in what is shaping up to be a headlong rush by commercial truck makers to drop dirty diesel and gasoline fueled vehicles in favor of fuel cell powered truck and heavy equipment. Proposed regulations – globally – are providing the incentive to change product lines to more sustainable ones. It’s the price of survival. The Japanese – thus far – appear to be leading the way. Continue reading
Wrangler 4xe Plug-in Hybrid Pre-Booking Begins in Europe
This latest marketing ploy started early last year, with pre-booking of the Renegade and Compass 4xe. Jeep claims it was a “resounding success, generating a lot of interest across Europe.” The arrival of the Jeep Wrangler 4xe is the latest step in the brand’s evolution and another step in the strategy towards the electrification of its entire range, announced in 2020. This will include the introduction of at least one electric or electrified version of each model in the coming years. Continue reading
We the People Welcome Joe Biden and Kamala Harris – The New Administration of Hope and Self-Evident Truths
The idea was bigger and more powerful than the British Army and Navy. It remains a bigger and better idea when used against other forces of oppression. The idea trumps white supremacists or treasonous self-proclaimed militias or QAnon believers or a president who would be king. Continue reading
Honda’s New Mobility Business – Cruise to Send First Self-Driving Vehicles to Japan for Testing
This, admittedly small but symbolic milestones, is a direct result of the development and commercial agreements signed in October 2018. Continue reading
Stellantis – a Mega Merger of Auto Companies Names Execs
Today Stellantis officially announced its Executive Team along with the 9 dedicated committees* covering enterprise-wide performance and strategy for running the merged FCA and PSA companies. It is the latest merger in the capital-destroying automotive industry that seeks to pursue … Continue reading
Posted in economy, financial results, milestones, news analysis
Tagged auto industry commentary, autoinformed, autoinformed.com, carlos tavares, fca, Ken Zino, PSA
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Latest Ford Restructuring – Brazil Manufacturing to Cease
Production will cease immediately at Camaçari and Taubaté in Brazil, with some parts production continuing for a few months to support inventories for aftermarket sales. The Troller plant in Horizonte, Brazil, will continue to operate until the fourth quarter of 2021. As a result, the company will end sales of EcoSport, Ka and T4 once inventories are sold. Manufacturing operations in Argentina and Uruguay and the sales companies in other South America markets are not affected. Continue reading
A Decade of Chinese Ownership – Volvo Cars Posts Strongest Second-Half Sales in Its 93-Year History
While sales dropped by 21% during the first half of the year, Volvo Car resumed growth in the second half of 2020, reporting month-on-month growth from June onwards. Sales rose by 7.4% to 391,751 cars in the second half of the year compared with the same period in 2019. However, globally, Volvo Cars sold 661,713 cars in 2020, a decline of 6.2% compared to 2019. Although final numbers for the full year are not confirmed, the company claims it outperformed its competitors and gained market share in all its main sales regions during the first 11 months of the year. Continue reading
BrightDrop? New GM Business Will Electrify, Improve Goods and Services Delivery
BrightDrop introduces GM’s Ultium platform to the commercial vehicle segment and has Level 2 and DC fast charging capabilities. FedEx Express will be the first customer of BrightDrop. An EP1 pilot program has been completed in partnership with FedEx Express. During the pilot, FedEx Express couriers were able to handle 25% more packages effectively and safely per day with the EP1s. FedEx couriers said that the EP1s were easy to maneuver and reduced physical strain. Continue reading
Posted in milestones, mobility company, news analysis, transportation
Tagged auto industry commentary, autoinformed, autoinformed.com, BrightDrop, FedEx, Ken Zino
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Volkswagen Group Starts Small Scale EV Battery Recycling
Salzgitter only recycles batteries that can no longer be used for other purposes. Before the battery is recycled, an analysis determines whether the battery is still powerful enough to be given a second life in mobile energy storage systems such as the flexible rapid charging station or the mobile charging robot. Larger volumes of battery returns are not expected until the late 2020s at the earliest. Continue reading →