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- Gen 3 2026 Nissan Leaf Less than $30,000? | AutoInformed on Milestones – Nissan Begins Assembly of 2013 LEAF EV in Tennessee
- ACSI – Customer Satisfaction with Autos Dropping | AutoInformed on New DOGE Scorecard Announced to Track Trump
- Cadillac Off-Roader – Elevated Velocity | AutoInformed on Annals of Marketing – Cadillac Opulent Velocity Concept EV
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Category Archives: results
First Virtual Look – 2021 Toyota Venza Two-Row Crossover
All Venza’s will be hybrids – supporting Toyota’s stated goal of selling 25% of its product line as hybrids by 2025 – and all will be AWD. More pertinent to buyers, the 219 horsepower, 5-seat Venza is projected to have an EPA combined mileage of 40 mpg (LE trim and Electronic On-Demand All-Wheel Drive) when it goes on sale this summer. Pricing is not released yet and could be critical to Venza’s success in the salesroom or as is likely online as the U.S. is far, far behind in social distancing and a national response. It does however lead the world in Covid plague deaths. Continue reading
Einride and Oatly to Electrify Transport in Sweden
“Road freight transport as it currently exists is a system that drastically needs to change. Nearly 7% of global CO2 emissions come from this road freight, a figure that will only increase if we do not switch to more sustainable,” says Robert Falck, CEO and Founder of Einride. Continue reading
COVID Journal – Our Correspondents on Politics, Policy and Insights in these Medieval Times of a 21st Century Plague
Well, we are isolating in place. I have seen all of Fleabag and the Crown, and The Medici, among others. Hoarding here is more contagious than Corona virus. King Trump, as always, is trying to bluff his way out of the crisis he abetted by dismissing the threat and then – even now – refusing to act while self-praising his not quiet, not genius approach and attacking media for using his own words/babble against him. Continue reading
Penske Automotive Q1 2020 Results -46% at $0.64 per share
In the U.S., through February same-store new and used automotive retail unit sales increased 7.5% and declined 1.1% internationally. In March, the outbreak of COVID-19 began to impact Penske in all markets. Many U.S. and Germany dealerships were impacted by shelter-in-place orders while operations in Italy, Spain and the U.K. were closed. As a result, same-store new and used automotive retail unit sales for the month of March declined -40.2%. Continue reading
General Motors to Offer More Senior Unsecured Notes
“We expect the New 364-Day Revolving Facility to be unsecured and to provide available borrowing capacity of approximately $2 billion in U.S. Dollars only, and we have received commitments from lenders in excess of this amount.” Continue reading
COVID! GM Q1 Earnings Drop -89% to $0.17 a Share
It’s going to be a long year of going backwards into the Great Depression v2.0 Continue reading
COVID Effects: BMW AG FY Earnings Guidance – Zero
The updated guidance does not, in particular, include, a longer and deeper recession in major markets, a more severe economic slow-down in China as a result of recessions in other parts of the world, significant market distortions due to an even stronger competitive environment and possible implications caused by a second wave of infections and associated containment measures. Continue reading
Consumer Feelings on Future Mobility Technologies Declines
The quarterly study claims to be “the pulse of market readiness and acceptance for self-driving and battery-electric vehicles, as seen through the eyes of consumers and industry experts.” Continue reading
US Q1 GDP Estimates – Negative Growth as Economy Retracts
Given Wilbur Ross’s previous statements the upcoming GDP estimates will be Trump re-election campaign documents, likely as disconnected from economic reality as Trump and his courtiers who stood by and watched the ongoing US COVID-19 disaster happen, claiming it would disappear by the beginning of April. Continue reading
Posted in economy, financial results, news analysis, results
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, US Q1 GDP
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Penske Automotive to Hold Audio Annual Meeting
Stockholders will not be able to attend the Annual Meeting in person; however, stockholders will be afforded the same rights and opportunities to participate as they would at an in-person meeting. Only stockholders of record at the close of business on March 17, 2020 are entitled to vote at, or attend, the Annual Meeting. Penske Automotive did not immediately respond to whether this means no media access. Continue reading
BMW Welt in Munich to Reopen on 4 May
Customers can therefore again take delivery of their new BMW in person at BMW Welt. In addition, a limited number of visitors can get personal advice on new vehicles in the BMW Welt showrooms or visit the BMW Welt Lifestyle & Accessory Shop to purchase from a wide range of BMW and MINI branded products. Continue reading
Posted in environment, marketing, milestones
Tagged auto industry commentary, autoinformed.com, BMW Welt Munich, Kenneth Zino
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Daimler Q1 2020 Net Profit Down -92% at €168m from €2149
Daimler says it responded to the “temporary drop in demand” caused by the Covid pandemic by proactively taking production stoppages in March and April. The net liquidity of the industrial business decreased to €9.3 billion at the end of first quarter, compared to €11.0 billion at year-end 2019. The decrease is particularly due to the negative free cash flow of the industrial business. Continue reading
Ford Motor Posts -$2 Billion Q1 Loss
“We’ve taken decisive actions to lower our costs and capital expenditures and been opportunistic in strengthening our balance sheet and optimizing our financial flexibility,” claimed Tim Stone, Ford’s CFO.
Lincoln MKZ Recalled for Bad Replacement Headlights
However, the dealers were “unaware” that the units did not comply with U.S. Federal Motor Vehicle Safety Standards, including for headlamp beam patterns, illuminated side markers, horizontal adjustments and U.S. Department of Transportation markings. Ford did not say where the headlamps were made or who made them. Continue reading
CAR Launches Research Exploring the Auto Industry 4.0
The project will also include an investigation into the financial investment and expectations for associated return on investment for companies implementing Industry 4.0 strategies. Continue reading →