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Category Archives: results
US February Retail Vehicle Sales to Surpass a Million
“Last year it took until September for the industry to reach the current spend levels,” King noted. “While the coronavirus has had no meaningful effect on production yet, it does have the potential to reduce overall inventory levels and lower the need for continued elevated incentives. If unhealthy inventory levels persist throughout the year, however, manufacturers may be faced with spend levels that are pacing towards $5,000 by next year.” Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, j.d power, Kenneth Zino, lmc automotive
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Wells Fargo to Pay $500 Million for Misleading Investors
Wells Fargo has agreed to pay $500 million to settle the charges, which will be returned to investors. The $500 million payment is part of a combined $3 billion settlement with the SEC and the Department of Justice. Continue reading
Daimler Facing Profit and Sales Declines Reorganizes
“This will have a negative impact on our earnings in 2020 and 2021. To remain successful in the future, we must therefore act now and significantly increase our financial strength.” Continue reading
Aston Martin Valkyrie: Formula One Drivers Get First Laps
Each verification prototype – there will be eight built – is exposed to a variety of tests to develop and validate specific attributes that contribute to achieving the performance of what Aston boasts will be the world’s fastest ever road-going hypercar, with a price to match. Continue reading
EU Passenger Car Registrations Decline in January 2020
ACEA claims that major taxation changes announced by some EU member states for 2020 pulled registrations forward into December 2019, explaining the January drop. Continue reading
Posted in economy, sales
Tagged 2020 Geneva Motor Show, auto industry commentary, autoinformed.com, Czinger 21C, eu sales, Kenneth Zino
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U.S. Sales in 2020 – SUVs Will Govern a Down Market?
Compact SUVs during 2019 were the largest segment in the US and declined with the slowing market with a 19.2% share. For 2020, LMC forecasts 20%, thanks to the first full year of sales of the new Ford Escape as well as the ongoing popularity of the Toyota RAV4 and Honda CR-V. Continue reading
Data Retrieval Via a Universal Onboard Diagnostic Adapter
Carly’s Universal Adapter is available to purchase for $79.90. The annual subscription ranges from free to $64, depending on the car brand and feature you’d like to use, and offers unlimited access to all features and updates supported by your car. The Carly app is available on both the Apple and Google Play stores. Continue reading
Ford Motor Changes Top Exec Roles Again
The changes come as Ford is restructuring operations, investing in the product portfolio and reducing bureaucracy. Ford lost $1.7 billion (42 cents a share) during Q4 2019 compared to a loss of $100 million, or 3 cents a share, year-over-year. This included a previously disclosed $2.2 billion charge for underfunded pensions. Adjusted for one-time items, Ford said it gained 12 cents a share during the year, compared with 30 cents a share a year ago. Revenue fell 5% to $39.7 billion from $41.8 billion a year ago. Global sales, share, earnings, and profits all decreased. Continue reading
Posted in financial results, mobility company, people
Tagged auto industry commentary, autoinformed.com, Jim Farley, Jim Hackett, Kenneth Zino
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General Motors Posts Huge Q4 Strike Losses and a Weak 2019
U.S. market share declined year-over-year because of the UAW strike and discontinuation of some passenger cars. China market share declined y-o-y due to segment shifts, lower demand for outgoing models and the slower rate of adoption of new fuel-efficient technology. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed.com, GM 2019 Earnings, Ken Zino
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Ford Posts Weak Q4 Earnings Losing $1.7 Billion
”Financially, the company’s 2019 performance was short of our original expectations, mostly because our operational execution, which we usually do very well, wasn’t nearly good enough,” said Chief Executive Jim Hackett in an understatement. Revenue fell 5% to $39.7 billion from $41.8 billion a year ago. Global sales, share, earnings, and profits all decreased. Warranty costs reached $5 billion in 2019, up $1.5 billion in recent years — and fixing vehicle launch problems that have also cost an estimated $1 billion. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, Q4 Ford 2020
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Global Light Vehicle Sales Slump. The Party’s Over?
LMC posits we must look at why the market has dropped 5 million units below the 2017 record. A recent blog entry entitled 2019 Review highlights some of the challenges faced by the auto industry. Chief among them are developments in China, with a protracted hangover from the temporary tax cuts of a few years ago, disruption coming from the launch of State VI-compliant vehicles (which varies region by region), along with a slowing economy. Continue reading
Posted in news analysis, sales
Tagged auto industry commentary, autoinformed.com, coronavirus, global vehicle sales, Kenneth Zino, lmc automotive
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Mazda Marks its 100th Anniversary
“Mazda originated as a company producing cork and then took the path to manufacturing automobiles. Now, our cars have found friends with many customers from over 130 countries and regions. We would like to express our sincere appreciation to the customers, dealers, suppliers, business partners and the local community, who have supported us over the years through good and bad times, to whom we owe our 100 years of existence,” said Akira Marumoto, Representative Director, President and CEO. Continue reading
Posted in milestones
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, mazda
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MAMA Finalists for Family Vehicle of the Year Awards
The choices don’t get any tougher since they reflect the current automotive state of the art as Midwest Automotive Media Association members drove and debated and debunked family vehicle and luxury family vehicles. Continue reading
Goodyear to Release High Efficiency and Extreme Traction Tire
Scheduled to be publicly released later this year on the Peugeot 2008, 3008, 5008, DS3 Crossback, and DS7 Crossback models, the avanced tire has traction to meet the severe snow 3PMSF requirement while also delivering rolling resistance performance as an A-class tire. This allows both premium traction and premium fuel efficiency – a benefit from rolling resistance performance. Continue reading →