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Academy Awards Delayed Again to April 2021
A feature film must now have a qualifying release date between January 1, 2020 and February 28, 2021. Continue reading
NASCAR Finally Bans Confederate Traitors’ Flag at All Races, Venues and Properties
I know that if you ask NASCAR about what it has actively done to integrate the sport and its businesses over the decades – once you get past the self-interested ticket sales of its minority policies – and the deeds are sparse. Continue reading
May US Budget Deficit, Gulp, $424 Billion
The federal budget deficit in May was $424 billion, about double the amount in the same month last year, the Congressional Budget Office estimates. That increase stems from the economic disruption caused by the 2020 corona virus pandemic and from … Continue reading
COVID-nomics – Plague Meets the Dreary Science
The UK consumer new car finance market reported new business volumes 97% lower in April 2020 compared with the same month in 2019, and a fall of 37% in the first four months of 2020. The percentage of private new car sales financed by FLA members was 94.5% in the twelve months to April 2020. Continue reading
Posted in economy, environment, financial results
Tagged auto industry commentary, autoinformed.com, COVID-19, Kenneth Zino, public health
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Milestones – VW Chattanooga One-Millionth Vehicle
Milestones – VW Chattanooga One-Millionth Vehicle Continue reading
US International Trade Deficit Soars in April to $50 Billion
The US international trade deficit in goods and services increased to $49.4 billion in April from $42.3 billion in, as exports and imports saw their largest monthly declines in history. It is the latest indicator that economy is struggling during the COVID-19 crisis according to Commerce Department data. The bad news increases if you consider the unemployment crisis. Continue reading
Milestones: Volkswagen Completes Promised Argo AI Funding
The numerous problems confronting Ford Motor and Volkswagen AG revolve around a central issue: Whether the two global giants and hundreds of thousands of workers can work together or consume shareholder capital at astonishing, company threatening rates without producing the promise efficiencies – on time and on budget. Continue reading
Rolls-Royce on CS Rolls’ Record Run in a Wright Flyer
Among the spectators on the cliffs were Rolls’ parents, Lord and Lady Llangattock, and his sister and brother-in-law, Sir John and Lady Shelley. He was in a Wright Flier. Continue reading
Hershey Swap Meet Cancelled!
With ongoing COVID-19 concerns and Pennsylvania’s legal constraints on more than 25 people gathering, the Hershey Region Chapter, has just said (30 May) on their Facebook page that the enduring event of 65 years taking place at the beginning of October is cancelled. Continue reading
Honda Sets Records for Auto Production in China
The Trump Administration denied there was problem. In fact, President said that Covid would go away by April. And even now is falsely maintaining that its response could not have been better as unemployment is approaching Great Depression levels and more than 100,000 people have died… Continue reading
Nissan Posts -¥671.2 Billion Loss for Fiscal Year 2019
During fiscal year 2019, consolidated net revenue declined to ¥9.8789 trillion yen, resulting in an operating loss of ¥40.5 billion yen and a net loss1 of -¥ 671.2 billion. This includes costs associated with restructuring and impairments of ¥603.0 billion as Nissan tried to improve operational and efficiency improvements. Free cash flow for the automotive business was, gulp, negative -¥641.0 billion. Continue reading
Rolls-Royce, Daimler Truck to Develop Stationary Fuel-Cells
The Rolls-Royce Power Systems business unit plans to rely on these fuel-cell systems from the planned joint venture – as well as Daimler’s experience in the emergency power generators it develops and distributes for data centers under the MTU product and solution brand. Continue reading
Renault, Nissan Motor, Mitsubishi Slice, Dice World by Brand
The member companies plan to build on existing Alliance “benefits” in areas such as joint purchasing by using their respective positions and geographic strengths to support their partners’ business development. The three companies of the Alliance will cover all vehicle segments and technologies globally, while increasing their respective competitiveness. By implementing the plan, Nissan aims to achieve a 5% operating profit margin and a sustainable global market share of 6% by the end of fiscal year 2023, including proportionate contributions from its 50% equity joint venture in China. Continue reading
Canada Contracts GM to Make 10 Million Face Masks
Canada received its Medical Device Establishment License on April 22 and the company built and installed the mask making machinery, sourced materials and trained its workers in approximately one month. Continue reading
Posted in environment, manufacturing, milestones, people
Tagged auto industry commentary, autoinformed.com, COVID-19, gm canada, Kenneth Zino
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FCA Delivers Two 4xe Jeep Renegades to RSE
The data gathered during the tests will be highly significant – it’s hoped – for FCA technicians, who may receive an amount of information in a short period of time that would only have come to light after a much longer period of usage by customers. Continue reading →