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Category Archives: results
GM Q2 Confirms US Economic Slowdown
Trump’s escalation of the trade wars will likely make things worse not only for GM, but Ford Motor and Fiat Chrysler as well. After GM released earnings, Trump said he would dictate a 10% tariff (aka tax on U.S. consumers on consumer goods and manufacturers on intermediate goods) on $300 billion worth of Chinese imports not already covered with penalties. Continue reading
Arbitrage, China, Politics, Trump, and BMTS Technology
It seems likely that Euro VII will ultimately spell the end for combustion engines and the start of the move to full electrification, whether hybrid, plug-in hybrid, BEV, then fuel cell vehicles. Continue reading
Penske Automotive Group Q2 Sales Down as Economy Slows
Penske – in AutoInformed’s view – is a leading indicator of where the auto market is going in the US and UK. The decline in new auto sales with an increase in used auto sales could indicate that the economy – here and globally – is on the verge of a recession. Continue reading
Posted in economy, financial results, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Ken Zino, Penske Automotive, q2
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SEC Charges Engine Manufacturing Company Execs with Fraud
According to the complaint, filed in federal court in Chicago, Gary Winemaster, Power Solutions International Inc.’s former CEO, and two former senior sales executives, Craig Davis and James Needham, caused Power Solutions to fraudulently record revenue for purported sales of products that were not complete, that the customer had not agreed to accept, for which the price was falsely inflated, and from improper “bill and hold” arrangements. Continue reading
KARPUT! Volkswagen Golf Alltrack, Sportwagen Die in 2019
Over the past several years, demand has shifted from wagons to SUVs. Through the first half of 2019, SUVs account for 47% of the industry sales, and more than 50% of Volkswagen sales. Thanks to sales of the Atlas and Tiguan, Volkswagen has had the highest year-over-year percentage growth among mainstream automotive brands in the first six months of 2019. Continue reading
Penske Automotive Increases Dividend to $0.40 Per Share
“We are pleased to offer our shareholders an increase in the quarterly dividend for the 33rd consecutive quarter. Our sector leading dividend represents a yield of 3.6% and reinforces our commitment to PAG shareholders,” said Penske Automotive Group President Robert H. Kurnick, Jr.” Continue reading
Concours d’Elegance of America adds GM Design on the new C8 Corvette as It Celebrates AutoMobility
During the last decade Concours organizers have worked to expand the show so all kinds of vehicles from every era, can be seen. If you like cars or motorcycles the show has something to divert you from the mundane. Continue reading
American League Defeats National 4-3 in 2019 All Star Game
The weather was perfect in front of a noisy crowd of 36,747. Domineering innings from Justin Verlander, Jacob deGrom, Jose Berrios, Luis Castillo and local hero Shane Bieber, guaranteed that the offensive onslaught of last summer’s Midsummer Classic would not repeat itself – even in a 2019 season that has doubled as a year-long Home Run Derby because of aerodynamically slicker balls. Continue reading
Posted in awards, marketing, people
Tagged 2019 MLB All Star Game, auto industry commentary, autoinformed.com, automotive blog, Ken Zino
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Ford Motor Recalls a Software Recall on 58,000 Focus Models
Affected vehicles did not receive the intended 18S32 calibration software that will detect a malfunctioning canister purge valve. When the canister purge valve is stuck open in these vehicles, an excessive vacuum can develop in the fuel vapor management system, potentially deforming the fuel tank. Continue reading
Fourth of July 2019 – Time to Rid Ourselves of Despots Again
Some – but not enough of us – are marching once again in the spirit of 1776. We need once again to rid ourselves of what has evolved into a ruling class of our own home-grown tyrants, bigots, racists and traitors who collude with other oppressive, anti-American governments. We have progressed from 2.5 million people to more than 325 million with a gross domestic product of more than $19 trillion – an unimaginable number of teabags for a protest not to clutter Boston Harbor, but the halls of Congress today. Continue reading
NADA Predicts Q2 2019 US Auto Sales Will be Down Again
“Sales have declined relative to 2018 each month this year, but overall, not more than we expected,” said Patrick Manzi, senior economist NADA. Transaction prices on both cars and light trucks continued to rise and set new records. According to the latest NADA Average Dealership Financial Profile Series from April 2019, the average new-vehicle transaction price was $36,642, up 3.3% compared to this time last year. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Ken Zino, nada, us auto sales
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The Asian Party is Over for Automakers
No doubt this hurts Asia-based automakers , but the VW Group, Daimler Group, BMW Group and General Motors – are clearly endangered, because the region accounts for a significant share of their global volume. Continue reading
Anheuser Busch Pays $500,000 to Settle Air Quality Violations
Anheuser Busch agreed to pay the $500,000 fine and to comply with all applicable CARB programs. The company also agreed to instruct its vehicle operators to comply with California’s anti-idling regulations, ensure that staff responsible for compliance with smoke-inspection program attend training classes, and provide documentation to CARB that the smoke inspection requirements are being met for the next two years. Continue reading
California Air Resources Board Has Airport Shuttles Transitioning to Zero-Emission Technology by 2035
With almost 1,000 airport shuttles in operation, the regulation is expected to reduce greenhouse gas emissions by at least 500,000 metric tons, with a beneficial economic impact for shuttle fleets owners of an estimated $30 million in reduced fuel and maintenance costs. CARB is also developing a proposal that would achieve additional emission reductions by requiring zero-emission airport ground equipment. Continue reading
Death of the Diesel: CARB Incentives for Clean Off-Road Freight and Cargo Handling Funded by Cap and Trade
The result is equipment that saves businesses on fuel costs and has zero tailpipe emissions—a winner for the pocketbook and the community. Continue reading →