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Cayenne Coupé Marks Asian Premiere
Porsche delivered more than 31,000 units of the Cayenne in China in 2018, representing an increase of 19% compared with the previous year in the slowing Chinese market. With more than 80,000 shipped vehicles, China was once again the biggest individual market for Porsche in 2018. Continue reading
Posted in auto news, design and styling, marketing, milestones, new vehicle, news analysis, sales, shows and events
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, China SUVs, Ken Zino, Porsche Cayenne Turbo Coupé, WLTP, Worldwide Harmonized Light Vehicle Test Procedure
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Global Light Vehicle Sales Drop -5% in March
The slight nudge up came from an easing in YoY losses in China, and an improved selling rate in the USA. Consultancy LMC notes that Western Europe had a “disappointing month, while the Japanese, Korean and South American markets all continued to struggle in YoY terms.” Continue reading
Ford Shakes Up Top Management. Again.
Ford Motor Company today announced leadership changes in the ongoing remake of its under-performing business (Ford Motor Company Declares Q2 Dividend of $0.15*). Joe Hinrichs is appointed president, Automotive, effective May 1. In this role, he will lead Ford’s drive to strengthen its Automotive operations and help deliver a sustainable global EBIT margin of at least 8%, about half that of the world’s leading automotive groups. Continue reading
Posted in milestones, news analysis, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Joe Hinrichs, John Lawler, Ken Zino, Marcy Klevorn
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Ford Motor Company Declares Q2 Dividend of $0.15
Stockholders and Wall Street are skeptical of Ford investor relations “happy talk.” Shares of common are currently trading at $9.30, well below the five-year high of $17.40. Continue reading
2018 EU Road Deaths Down But More Actions Needed
In 2018, there were around 25,100 fatalities in road accidents in the EU 28. This is a decrease of 21% compared to 2010, and 1% compared to 2017. For the majority of Member States, the road fatality rate was below 60 deaths per million inhabitants in 2018. Continue reading
EU Antitrust Allegations to Hurt BMW Earnings – €1 Billion!
The BMW Group provision will likely exceed €1 billion. The EBIT margin in the BMW Automotive Segment for the current financial year is expected to be 1-1.5 percentage points below the previous target range of 6-8%. Continue reading
Death of the Diesel – European Commission’s Ongoing Antitrust Probe Opens Formal Investigation into Possible Collusion Between Audi, BMW, Daimler, Porsche And VW
The EU maintains that Volkswagen, Audi, Porsche colluded, in breach of EU antitrust rules, to avoid competition on the development and roll-out of technology to clean the emissions of gasoline and diesel passenger cars. Continue reading
Toyota Has Simple Solar Station to Make Low-Carbon Hydrogen
SimpleFuel is a simplified hydrogen station that uses electricity from solar panels at the plant site to produce low-carbon hydrogen from the electrolysis of water, which is then supplied to fuel-cell forklifts after it is compressed and pressurized. Continue reading
Porsche E-sports – First Global Virtual Racing Series?
Forty “sim racers,” who have successfully made their way through a global qualifying process, will compete in series of ten online races – the first gets underway on April 13 on the virtual version of the Barber Motorsport Park in Alabama, USA. The final race will take place on September 28 at the Circuit Monza, Italy. The championship offers a $100,000 prize pool, according to a 1 April release. Continue reading
GM Strikes Out Against Usually Winless UAW as Mexican-Made Blazer Pulled from Opening Day Lineup in Detroit
As AutoInformed has covered extensively since November 2018 when GM said it will idle five plants in North America this year and early next year – affecting more than 6000 jobs – the Oshawa shut-out was minor league with major league and world-wide consequences. Continue reading
Daimler and Geely Form Joint Venture to Develop smart
It’s said that smart will gain shared expertise in manufacturing, engineering and design from both groups. Also, smart will expand to meet demand for electrification, with production based in China. The EVs will be assembled at a new purpose-built electric car plant with global sales due to begin in 2022 in what is said to be an all-electric product renewal. Continue reading
Ford to Add Fiesta and Focus EcoBoost Hybrids in Europe
Echoing competitors who are leading while bowing to EU regulations, the Fiesta and Focus EcoBoost Hybrid models will be unveiled in Amsterdam next week as part of a “comprehensive and compelling new line-up of Ford Hybrid and all-electric cars, SUVs and commercial vehicles.” Continue reading
Ford Shakes up European and International Markets as CFO Shanks Retires. Restructuring Continues as Stock Languishes
The more significant news, perhaps, is happening at Ford’s European money pit and its struggling International Markets Group. Peter Fleet, president of IMG, has announced his intention to retire. Fleet, 51, held leading in Ford marketing, sales and service, and business operations globally for nearly 30 years. Prior to the establishment of the International Markets Group, Fleet served as president of Asia Pacific, leading all of Ford’s operations and partnerships across the region. Previously, he was president of Ford ASEAN and vice president, Sales, Ford of Europe. Continue reading
Record Electric Car Sales in California. Taxpayers on the Hook
Electric and plug-in hybrid electric cars are now 7.8% of all new car sales in California, and some areas such as Sacramento and San Luis Obispo counties, nearly doubled their EV rebates this past year. Known as the Clean Vehicle Rebate Project (CVRP), its potential impact on funding is now a matter of discussion among officials. Continue reading
Wards 10 Best Interiors Announced at New York Auto Show
“Utility vehicles represent the biggest growth in vehicle sales, and automakers aren’t launching as many coupes, sedans
and wagons as they have in the past, which makes it remarkable that half the list this year is conventional cars,” says Wards Senior Content Director,
aka editor, Drew Winter. Continue reading →