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Chevy Silverado and GMC Sierra 2500-3500 Hoods Fly Open
The hood-latch striker wires may not have been heat-treated properly by Motor City Stamping Chesterfield MI. Continue reading
Posted in customer satisfaction, recalls, safety
Tagged auto industry commentary, autoinformed.com, GM Pickup Recalls, Kenneth Zino, nhtsa
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First Look – 2021 Elantra and Elantra Hybrid
The 2021 Elantra has hybrid electric vehicle technology, and segment-first wireless Android Auto and Apple CarPlay connectivity. Production of the 2021 Elantra starts in the fall in Ulsan, Korea as the Avante, and at Hyundai Motor Manufacturing Alabama, and sales begin in the fourth quarter. Continue reading
Concorso d’Eleganza Villa d’Este Delayed to October 2020
BMW will continue to monitor the development of the spread of the coronavirus and expects a final confirmation this June. Continue reading
Porsche Shows 3D-Printing for Racing Seats
Customers will be able to choose between three firmness levels (hard, medium, soft) for the comfort layer in the future. With this new technology, personalized sports seat follows the principles of driver-specific seat fitting customary in professional motor sports. Continue reading
Ford Motor Maxes Out Lines of Credit
The cash from these borrowings will be used to offset the temporary working capital impacts of the coronavirus-related production shut downs and to preserve Ford’s financial flexibility. Continue reading
Toyota: New Paint Atomizer with 95% Coating Efficiency
The newly developed airless painter, said to be the first of its kind in the world, achieves more than 95% coating efficiency. Continue reading
Volkswagen Group Closes 2019 Books
The spread of coronavirus is currently impacting the global economy. It is uncertain how severely or for how long this will also affect the Volkswagen Group. Currently, it is almost impossible to make a reliable forecast. Continue reading
Posted in financial results, sales
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, porsche, Scania, seat, skoda, volkswagen group
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COVID-19 – Large Holes in US Social Safety Net on Paid Sick Leave as Social Distancing is Mandated by President Trump
The U.S. and South Korea are the only two countries in the Organization for Economic Cooperation and Development where paid sick leave is not guaranteed, according to a 2018 report from UCLA’s World Policy Analysis Center. Continue reading
Chinese Junk Watch: Exploding Yamaha Wireless Guitar Amp
“The lithium-ion battery can overheat, and the battery cover can separate with force, posing fire and injury hazards.” (This appears to be an explosion – editor) Continue reading
SEC Sets Guidelines for Virtual Annual Shareholder Meetings
Affected parties can announce in filings made with the SEC the changes in the meeting date or location or the use of “virtual” meetings without incurring the cost of additional physical mailing of proxy materials. Continue reading
Trump Declares COVID-19 National Emergency
This means that he is correcting or allowing to come about what were his previous misstatements this week. Continue reading
Porsche Proposes 41% Dividend Rise at May Annual Meeting
The increase in Porsche SE’s proposed dividend is disproportionately higher than the increase in result. This growth come from the dividend proposal of Volkswagen AG, which increased the payout rate to 24.5%, after 20.4% in the prior year. Continue reading
Posted in economy, financial results
Tagged auto industry commentary, autoinformed.com, COVID-19, Kenneth Zino, Porsche SE dividend
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Daimler Postpones Annual Shareholders’ Meeting
Daimler said in a statement just issued that the worldwide spread of the coronavirus ( aka COVID-19 or SARS-CoV-2) as well as The Robert Koch Institute and the responsible health authorities in Germany are assuming that the number of infections will increase significantly in the coming weeks. Continue reading
General Motors Draws Down Credit Lines in COVID-19 Fight
This increases GM’s cash position and preserves financial flexibility in light of current uncertainty in global markets resulting from the COVID-19 pandemic. The funds will supplement the company’s cash position of approximately $15 billion to $16 billion expected at the end of March. Continue reading →