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LMC Automotive Now Projects Double the Decline of the Great Recession in Light Vehicle Sales During 2020
LMC currently is forecasting 2020 global Light Vehicle sales to fall below 77 million units, a decline of nearly 14 million units or -15% from the 2019 level. For comparison, global Light Vehicle sales fell 6 million units from 2007-2009 to 64 million units, a two-year decline of 8.7%, or 4.5% CAGR. Continue reading
Understeer – Indianapolis 500 Pushed Back Until Late August
“I am disappointed that we have had to reschedule the Indianapolis 500,” Roger Penske said. “However, the health and safety of our event participants and spectators is our top priority, and we believe that postponing the event is the responsible decision with the conditions and restrictions we are facing.” Continue reading
UAW Balks at Reopening Workplaces
“The only guideline in a boardroom should be management asking themselves, “Would I send my family — my own son or daughter — into that plant and be 100% certain they are safe?” – UAW President Rory L. Gamble Continue reading
Goodwood Festival of Speed Postponed
Plans for the Goodwood Revival will continue to be reviewed, in the hope that the event will be able to go ahead as planned on September 11-13. A new date for the postponed 78th Members’ Meeting is also being reviewed. Continue reading
Mercedes-Benz Trucks Replaces Mirrors with Cameras
The advantage is prominent at turns and junctions, when maneuvering and in tight bends. The driver must no longer look as far to the right or left to see traffic to the rear. Mirrors are mounted in a fixed position so that when cornering the driver may lose sight of the end of the semitrailer. Continue reading
Ford Safety Recalls for Engine Stalling, Doors Opening
Ford Motor Company is issuing two safety recalls for North America and one for Canada only. 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
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
Bosch Develops Quicker Test for COVID-19
The newly developed test, which apparently has not been certified yet by a major health or regulatory organization, will be available in Germany starting in April, with other markets in Europe and elsewhere to follow at an unknown time in the future. Continue reading →