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Category Archives: results
EV Charging Stations Surpass Fuel Stations in UK
n fewer less than 100 years since the UK’s first petrol pump was installed there are now ~1,000 more public places to charge electric cars than there are forecourts to pump petrol – 9,300 EV charging locations compared to 8,400 fuel stations. Continue reading
FCA Q2 Earnings – Net profit at €0.8B. Trouble Ahead?
With the first financial results since an attempt to merge with France’s Renault, FCA said its adjusted earnings before interest and tax (EBIT) would top last year’s 6.7 billion euros ($7.5 billion). It also said it continues the quest for partners. Previously it promised to deliver 2020 adjusted earnings before interest and tax (EBIT), excluding the Magneti Marelli unit it sold, of €9.2-10.4 billion. Continue reading
Posted in economy, financial results
Tagged auto industry commentary, autoinformed.com, automotive blog, earnings, FCA Q2, Ken Zino
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Eaton Links with KPIT on Electrified Mobility Technologies
In March 2018, Eaton announced the formation of its eMobility business unit for electrified vehicles. The eMobility business works in three primary areas for both automotive and commercial vehicle customers: intelligent power electronics, power systems, and advanced power distribution and circuit protection. Continue reading
Mulliner Completely Re-Creates 1939 Bentley Corniche
The original Corniche was lost in France in 1939 at the outbreak of World War II. It was extensively damaged in a traffic accident whilst undergoing road tests in France in August 1939. Sent for repairs, the chassis made it home to the Bentley plant in Derby, but the bodywork was destroyed in a bombing raid on Dieppe later in 1939 and was never seen again. Continue reading
30 Senators Asking Automakers to Join California Fuel-Economy Agreement in Defiance of Trump’s EPA
“In the absence of an agreement between the Federal government and states, the California agreement is a commonsense framework that provides flexibility to the industry to meet tailpipe standards while also taking important steps to reduce greenhouse gas emissions and save money on fuel for consumers,” the senators wrote. Continue reading
California, Automakers Defying Trump Agree on Emissions
On April 13, 2018, however, the Trump Administration took the first step toward dismantling the national program when it issued a revised final determination that alleged the federal greenhouse gas standards for model year 2022-2025 vehicles were no longer appropriate.kxhw@aol.com 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
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
Carvana Launches First Vending Machine in California
Customers that choose to pick up their vehicle at the Car Vending Machine are greeted by a Customer Advocate and receive a commemorative, oversized Carvana coin to activate the fully automated vending process, taking only minutes to complete the transaction compared to hours spent at the dealership. Continue reading →