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Category Archives: results
Nissan Motor Net Income Dives -73.5% to 65.4 Billion Yen
First half net income1 decreased by, gulp, 73.5% to 65.4 billion yen. Continue reading
FCA + PSA = Massive Job Losses
For enthusiasts as well a workers there are other threats. How about a spin-off FCA’s expensive low-return Alfa Romeo/Maserati operations? Simple math here: It would provide funds for the new FCA-PSA group while improving its utilization rate. Continue reading
Akio Toyoda Wants Mobility Centered on People
Wacky marketing babble alert: “Through the evolution of artificial intelligence, I think that cars, too, can also become able to communicate with people and their hearts. that’s right… I think cars of the future will be like horses. Continue reading
Posted in alternative fuels, concept, design and styling, electric vehicles, energy, environment, global warming, milestones, mobility company, news analysis, people, shows and events, transportation
Tagged akio toyoda, auto industry commentary, autoinformed.com, automotive blog, e-Palette, Ken Zino writing as AutoCrat, Kenneth Zino, tokyo motor show
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General Motors Q3 Earnings Hit Hard – $1.3B – by UAW Strike
GM said it would not be able to makeup lost production and revenue losses this year. About two weeks of vehicle production was lost. GM predicts the 2019 calendar-year impact of the strike to be approximately -$2.00 per diluted-share. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed.com, automotive blog, gm results, Kenneth Zino
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Another Weird and Wacky Tokyo Motor Show to Open
The theme for this year’s show, “Open Future,” is expanded beyond automobiles, motorcycles and commercial vehicles and auto-related displays. It broadens to include developments (and rentals) from other industries. In short, the traditional auto show as we know it is no longer sustainable. Continue reading
Group Renault Debuts Hydrogen in Light Commercial Vehicles
The hydrogen fuel cell provides the additional energy for up to 3 times more range than 100% electric vehicles, with a charging time of only 5 to 10 minutes. However, the crucial WLTP emission certification is not yet completed. Automakers in the EU – and ultimately globally – are being forced to offer zero-emission vehicles to comply with new regulations to cut emissions. The current preferred choice, of course, is a battery-electric hybrid system. Toyota and Hyundai sell hydrogen light-commercial vehicles. Continue reading
September New Passenger Car Registrations Up in European Union, But Trend is Downward
During the first nine months of 2019, EU new car registrations were down 1.6% compared to the same period the year before. Despite demand recovering across the European Union in September, Germany (+2.5%) was the only major market to post positive results so far this year. Spain (‐7.4%) saw the strongest drop, followed by the United Kingdom (‐2.5%), Italy (‐1.6%) and France (‐1.3%). Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed.com, Kenneth Zino
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Global Light Vehicle Sales Fall Again in September
The selling rate drop in September seems partly the result of further changes to the WLTP** emissions testing in Europe, which may have pulled sales forward to August, at the expense of September. In China, LV sales dropped once again. Unfavorable calendar effects thwarted any chance of YoY growth in the US, even though the selling rate was good. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, lmc automotive, WLTP
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CAR – Estimated Costs of the UAW-GM Strike are Low
CAR estimates the U.S. employment multiplier for UAW-GM jobs is 11.5.This means that when UAW-GM workers are at work producing vehicles, engines, transmissions, stampings, parts, and components, every UAW-GM job supports 10.5 other jobs in the U.S. economy, with 3.2 of those jobs in the production-focused U.S. supplier sector.
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Ford Motor Company Q4 Dividend Declared at 15 Cents
The Board of Directors of Ford Motor Company today declared a fourth quarter regular dividend of $0.15 per share on the company’s outstanding Class B and common stock. It is currently trading at ~$9.50 (7% yield), with a 52-week range of $7.41 – $10.56. Continue reading
Western European Passenger Car Sales Weak
The introduction of WLTP in September 2018 distorted the market in August and September last year, with a high base effect in August and a low base effect for September as it became clear that diesels were dirty and not meeting emission standards. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Kenneth Zino, lmc
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Ford Motor Issues Two Safety Recalls, Expands a Previous One
Ford Motor Company issued two safety recalls in North America yesterday and amended safety compliance recall 19C07 to expand the number of suspect vehicles. Continue reading
Posted in customer satisfaction, recalls, safety
Tagged auto industry commentary, autoinformed.com, automotive blog, Kenneth Zino, nhtsa
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FCA US Q3 Sales Flat at 565,000
FCA touted three sales records for the third quarter as buyer bought or leased premium technology and interior upgrades on heavy-duty trucks. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, fca, Kenneth Zino, sec, us auto sales
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Strike Crippled General Motors Q3 US Sales Up 6%
General Motors Co. (NYSE: GM) dealerships delivered 738,638 vehicles in the United States in the third quarter of 2019, an increase of 6.3% compared to the third quarter of 2018. GM’s fleet mix of total sales was 19.5 %, down 0.3%, year over year. End of September inventory was 759,633 units. Thus far the GM UAW strike has had little effect on sales. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, GM US Sales Q3, Kenneth Zino
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Capital Punishment Day for Auto Workers at Daimler
Personnel costs will drop by the end of 2022 as Mercedes-Benz Cars plans to save more than €1 billion in personnel costs. Jobs will be cut in both management and “indirect areas.” Continue reading →