Category Archives: results

Grim Survey – a Nation of Broke and Broken Shopkeepers?

Mnuchin is likely trying to stop President elect Biden’s next Treasury secretary extending relief to state and local governments.

The Federal Reserve – in what AutoInformed says is the latest example of the ugly, vindictive politics of the defeat at the ballot box of the impeached and lame-duck Trump – responded with a statement claiming it “would prefer that the full suite of emergency facilities established during the corona-virus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy.” Fed Chair Jerome Powell earlier in the week said there was a need for the programs to continue.  Continue reading

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Porsche Q3 in Black at €437 Million Because of VW

Porsche SE’s positive result after tax basically comes from the profit from an investment accounted for at equity in Volkswagen AG of €505 million (prior-year period: €3.58 billion. Porsche Se is the largest holder of VW common stock). The business of the Volkswagen Group was affected by the Covid-19 pandemic in the first nine months of 2020 but made a recovery in the third quarter. Nonetheless both groups remain in difficult if not precarious financial positions. Continue reading

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GM Doubles Down on EVs in Bid to Win Global Race

“Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” said Barra. “We are transitioning to an all-electric portfolio from a position of strength and we’re focused on growth. We can accelerate our EV plans because we are rapidly building a competitive advantage in batteries, software, vehicle integration, manufacturing and customer experience.”  Barra’s announcement is in line with President Biden as of 20 January 2021. Continue reading

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Covid Casualties – Consumers Forcing Digital Auto Financing as Trump Sulks and Virus Continues to Spread

It’s just another example of how the ongoing Covid crisis will change well-established business practices in the auto industry. Auto dealers, who tend to be Republican in AutoInformed’s experience, can thank the ousted -ex-president Trump for this very real threat to their profitability. Wearing a mask won’t help the spread of this change as Covid continues to expand unabated due to the lack of a national policy – one that won’t be forthcoming until January 20th 2021. Continue reading

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Federal Reserve President on Do Nothing Republicans – The Economy Goes Where The Virus Goes

“Fiscal support is really critical. When Congress came out with the CARES Act, we saw immediately how that cushioned households and small businesses and helped them get through the virus. The virus is still with us, so more is needed. … If we don’t get that, then this is a mini fiscal cliff, maybe even a major fiscal cliff… Continue reading

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Safran Won’t Deal with Black Women in Mississippi

Workers United has bargained with Safran since September for a new agreement. Negotiations broke down when the employer refused to accept pay increases for the coming three years and insisted that they would be able to use any criteria to lay-off or recall workers. Safran already has the right to lay-off and recall employees in tiers of most efficient workers and least efficient workers. Continue reading

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Nürburgring – Mercedes-AMG GT 63 S Beats Porsche

This variant and this lap time are officially listed by Nürburgring GmbH on their homepage. Mercedes-AMG has regained the crown in the class for the moment. The freshened Porsche Panamera Turbo S set a 7m 29.81s earlier this year, bettering the 7m 30.11s lap Schaffert set a couple of years ago. The AMG record run footage shows a mostly clean, albeit with some curb clipping/banging and the Michelin tires screaming during turns. Continue reading

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FAW J7+ Autonomous Truck Passes Chinese Certification

China with its own vast market and a Communist central government that can quickly decree and implement policy – think Covid response or Trump’s defeat in the trade war he started – would seem to have an advantage here. It is lucky for western automakers that Chinese industrial policy allowed them to operate there but only with local partners. How the pie is sliced outside of China when and if the exports become voluminous will be subject to much behind the scenes maneuvering and uncomfortable board meetings Continue reading

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Toyota Sustaining Some Profits During FY 2021 Covid Crisis

In Japan this morning Toyota Motor said that during the first half of Fiscal Year 2021* during the Covid Crisis that profits were maintained even though sales, operating income and margins dropped drastically. Furthermore a special dividend would be declared that appears risky given the ongoing spread and re-emergence of Covid in most of its major markets. Continue reading

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GM Earns $5.3B in Q3 – Trucks, China Help

General Motors Co. (NYSE: GM) today reported Q3 earnings helped by China and North American Sales of truck and SUVs despite the COVID-19 pandemic. Specifically, GM launched an all-new portfolio of full-size Chevrolet, GMC and Cadillac sport utility vehicles, and maintained its leading U.S. full-size pickup truck and large SUV market share. Continue reading

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October – Smart Mobility Cyber Incidents. 7 Deadly Threats

Upstream’s AutoThreat Intelligence analyzes and circulate cyber-threat intelligence specific to the automotive sector. Here’s the latest list of the most interesting incidents – the 7 Deadly sins so to speak of the Cyber Word.  Continue reading

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Commerce – Countervailing Duties on Vietnamese Cars,Tires

Among the subsidies preliminarily countervailed is Vietnam’s undervalued currency. This is the first time that Commerce has ever made an affirmative CVD determination regarding a foreign currency with a unitary exchange rate. Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of passenger tires from Vietnam based on these preliminary rates above. Continue reading

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Ford Recalls 375,200 Explorer SUVs – Recalling a Prior Recall

Some affected Explorers, sold or registered in rust inducing areas of North American states and provinces where corrosion is common, have experienced a fracture of the outboard section of the rear suspension toe link after completion of a prior safety recall repair. A fracture of a rear toe link significantly diminishes steering control, increasing the risk of a crash. Ford is aware of 13 reports of accidents and six reports of injuries related to this condition. Continue reading

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Covid – Drastic Changes to Commuting Have Slight Effect on Feelings about EVs and Self-Driving Technologies?

While the ongoing Covid plague has drastically changed American lives, what’s not new is that Inexperience and Lack of Knowledge Remain Barriers for Acceptance of EVs and Self-Driving Technologies. Nonetheless, automakers are investing heavily in electrification and self-driving technology despite an absence of substantive consumer interest in either. Continue reading

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Ford Q3 Net Income at $2.4B Treads Water. Q4 $500M Loss?

As a result, the Ford outlook is wobbly including a fourth quarter adjusted EBIT between break-even and a, gulp, $500 million loss. Continue reading

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