Category Archives: results

CARB – U.S. Senate Dumping Clean Air Act Waivers Illegal

The California Air Resources Board Chair Liane Randolph today reacted to a vote by the U.S. Senate purporting to disapprove California’s Clean Air Act waivers for Advanced Clean Cars II, Advanced Clean Trucks and Heavy-Duty Engine and Vehicle Omnibus using the Congressional Review Act (CRA).

“California profoundly disagrees with today’s unconstitutional, illegal and foolish vote attempting to undermine critical clean air protections. It’s an assault on states’ rights the federal administration claims to support that puts national air quality standards out of reach and will have devastating effects for the 150 million Americans who breathe unhealthy air every day,” said CARB Chair Liane Randolph. Continue reading

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Toyota Debuts 2026 RAV4 Compact SUV

The 2026 RAV4 also joins Toyota’s list of exclusively electrified models. It will be available with Hybrid Electric Vehicle (HEV) or Plug-in Hybrid Electric Vehicle (PHEV) powertrains. RAV4 also launches new technologies for Toyota, including the Arene software development platform, a new version of the Toyota Audio Multimedia system, and updates to the Toyota Safety Sense active safety suite. Toyota might say customer choice is paramount, but it comes with a bewildering array of options and packages to climb over that are the antonym of the once famous Honda tagline “We Make it Simple.” Continue reading

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Annals of Marketing – GM Loyalty Mastercard

General Motors (NYSE: GM) said today that it is redesigning its GM Rewards™ loyalty program and announcing the launch of the GM Rewards™ Mastercard® from Barclays US Consumer Bank. The revamped loyalty program is said to be simpler. Moreover, the new card provides customers more ways to earn and redeem GM Rewards points across GM brands for new vehicles, services, parts and accessories. GM Rewards members can also earn and redeem GM Rewards points towards digital services like most OnStar plans and Super Cruise [see footnote 1], the hands-free driver assistance technology which can be used on about 750,000 miles of compatible roads across the U.S. and Canada.

“GM has led the U.S. automotive industry in loyalty for a decade [2], and now we’re rewarding both our new and existing members with easier access to savings opportunities and new ways to engage with us,” said Ralph Darmo, VP of loyalty programs at GM. “Additionally, we’re creating exciting member-exclusive experiences that only GM can provide – such as trackside access at racing events and off-the-grid EV excursions. Cardmembers can use the new GM Rewards Mastercard to earn GM Rewards points from everyday purchases like food, shopping and travel. And you can redeem GM Rewards points towards your next vehicle, for accessories or features to upgrade your vehicle, and for services.” Continue reading

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Rookie Robert Shwartzman in a Chevy on Indy 500 Pole

Robert Shwartzman posted  a four-lap average speed of 232.790 mph in the No. 83 PREMA Racing Chevrolet during the Firestone Fast Six yesterday at the Indianapolis brickyard in Speedway Indiana. PREMA  joined the NTT IndyCar Series this season after years of success in European racing, became the first team to claim the 500 pole in its first attempt since Mayer Motor Racing with driver Tom Sneva took  the pole in 1984. Two-time Indianapolis 500 winner Takuma Sato (Honda) and Pato O’Ward (Chevrolet) will join Shwartzman on the front row for the 109th running of the race this Sunday 25 May.* Continue reading

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Dr. Norbert Reithofer, Supervisory Board Chair of BMW Retires

The BMW Group* (Bayerische Motoren Werke AG ADR BMWYY) said today that Dr. Norbert Reithofer, Chairman of the Supervisory Board of BMW AG since 2015, and closely associated with the company for nearly four decades, is stepping down from his position, effective immediately.

“After 38 years, it is time for me to say goodbye to the BMW Group. It has been an honor to be a part of this exceptional company. I would like to thank all our associates, shareholders and stakeholders for your trust and support,” said Reithofer. “Together, we have overcome tremendous challenges and celebrated unparalleled successes. I firmly believe that the BMW Group will continue to follow its own unique BMW path.” Continue reading

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Bad Brakes! Recalls on Ford Expeditions, Lincoln Navigators

Ford Motor Company (NYSE: F) is recalling ~274,000 2022-2024 model year Navigator and Expedition SUVs for failing brakes.

“The front brake line may have been bent during the engine installation process at Ford’s Kentucky Truck final assembly plant,” according to the mandatory safety defect recall filing made public today by the National Highway Traffic Safety Administration. Continue reading

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GM and LG Energy Solution to Make Prismatic Cells in U.S.

General Motors (NYSE: GM) said today that it will with LG Energy Solution (KRX: 373220),* commercialize lithium manganese-rich (LMR) prismatic battery cells for future GM electric trucks and full-size SUVs. The announcement could be a battery technology breakthrough with significant sales and marketing advantages. This builds on a partnership between the two companies to develop prismatic battery cell technology and related chemistries.

“GM aims to become the first automaker to deploy LMR batteries in EVs. Ultium Cells, a GM and LG Energy Solution joint venture, plans to start commercial production of LMR prismatic cells in the United States by 2028, with pre-production expected to begin at an LG Energy Solution facility by late 2027. The final production-design of these LMR battery cells will be validated at GM’s Battery Cell Development Center in Warren, MI, which is expected to open earlier that year, as well as LG Energy Solution’s facility,” GM said. Continue reading

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Nissan Motor Posts ¥670.9 Billion Net Loss

Nissan Motor Company (7201T and NSANY ADR)* today announced financial results for the full year and the fourth quarter of the Japanese fiscal year 2024, ending 31 March 2025. During FY2024, global sales remained at 3.346 million units impacted by “intensified sales competition.” Nissan’s consolidated net revenue was ¥12.6 trillion yen, resulting in an operating profit of ¥69.8 billion with a razor thin  operating margin of 0.6%. Net loss was, gasp, ¥670.9 billion (~$4.5 billion), which is improved from its previous forecast of a net loss of ¥700 – ¥750 billion for fiscal year 2024. Free cash flow and operating profit in the automotive business were both negative, automotive net cash was ¥1.498 trillion. (Based on average exchange rates of 153 JPY /USD and 164 JPY /EUR for FY2024.)

“In the face of challenging FY24 performance and rising variable costs, compounded by an uncertain environment, we must prioritize self-improvement with greater urgency and speed, aiming for profitability that relies less on volume. As new management, we are taking a prudent approach to reassess our targets and actively seek every possible opportunity to implement and ensure a robust recovery. Re:Nissan is an action-based recovery plan clearly outlines what we need to do now. All employees are committed to working together as a team to implement this plan, with the goal of returning to profitability by fiscal year 2026,” said Ivan Espinosa, Nissan president and CEO. Continue reading

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WEC Spa – Ferrari One-Two. Alpine Third in Hypercar

Ferrari at Spa finished first and second as the #51 passed under the chequered flag just four seconds ahead of the sister #50 Ferrari  prototype. This was ironic or exciting as Antonio Giovinazzi crashed at the crest of Eau Rouge on his first lap out of the pits during Thursday’s FP2 session. The World Endurance Cup said a record crowd of ~ 100,000 showed up in the 14th  running of the Belgium endurance race. (read AutoInformed.com on Spa-Francorchamps – LeMans Dress Rehearsal this Weekend)* James Calado drove the opening Ferrari stint, which he dubbed as conservative in order to take care of the tires. Giovinazzi drive the second stint without inducing serious damage. Pier Guidi drove remainder of the race. Continue reading

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Hyundai Fire Risk Recall on 2025 Palisade SUVs

Hyundai Motor America is recalling ~600 Korean-made 2025 model Hyundai Palisade SUVs. An insufficient seal from Korean supplier MNEX on the controller for the electric oil pump may allow moisture to accumulate in the printed circuit board, which can cause an electrical short circuit and result in a fire. Owners are advised to park their vehicles outside and away from structures until the recall remedy is completed.

“The tooling used for sealing the EOP controller housing during supplier manufacturing contained a damaged spring,” Hyundai told the National Highway Traffic Safety Administration, which made this mandatory recall filing public this morning. Drivers may perceive a burning/melting odor or the illumination of Malfunction Indicator Light. Continue reading

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Volvo Car USA Rearview Camera Software Recall

Volvo Car USA is recalling ~413,000 model year 2021-2025 XC40, 2022 V90, 2022-2025 S90, V90CC, C40, XC60, and 2023-2025 S60, V60, V60CC and XC90 vehicles. The rearview camera image may not display when the vehicle is placed in reverse. These Volvos fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 111 on Rear Visibility. The center display will show “Camera is temporarily not available”.

Wide Angle Vision Module (WAM) Software from Google is the problem. “A fault code may be set under certain conditions, which could result in the backup camera image to not be available for the rest of the driving cycle. Park assist warnings, rear automatic braking and cross traffic alert will still be functional if the vehicle is equipped with those features, which will automatically stop the car if an obstacle is detected,” Volvo told the National Highway Traffic Safety Administration, which made the mandatory recall filing public this morning. Continue reading

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Spa-Francorchamps – LeMans Dress Rehearsal this Weekend

The third race of the FIA World Endurance Championship (WEC) will see a multi-brand battle at the Spa-Francorchamps circuit. In what is the dress rehearsal for the 24 hours of LeMans in June at Circuit de la Sarthe. Aston Martin, Cadillac, Corvette, Ferrari, Lexus, Porsche and Toyota, among others will take to the 4.352 mile, 19 turn track with fast sweeping corners.*

Ferrari AF Corse took its third successive pole position in 2025. Antonio Fuoco drove a 1:59.617s lap take  the top spot in the #50 Ferrari AF Corse 499P. Fuoco took the pole by a mere 0.347s. The #83 AF Corse Ferrari joined the #50 car on the front row of the grid, as Robert Kubica was the only other driver to dip below the two-minute mark with a 1:59.964s best run. Making it a 1-2-3 for Ferrari was Antonio Giovinazzi in the Imola-winning #51 Ferrari AF Corse 499P. He set a 2:00.201s best in the car that had been repaired after the Italian crashed in the FP2 session on Thursday afternoon. Giovinazzi survived a late scare with a gravelly slide on the exit of Les Combes. Continue reading

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Toyota FY 2025 Results – Net Profit Drops 21%

Toyota Motor Corporations (NYSE: TM) said today in Japan that consolidated vehicle sales for this fiscal year 2025 were 9 million 362 thousand units, which was 99.1% of consolidated vehicle sales for the previous fiscal year. Toyota and Lexus vehicle sales was 10 million 274 thousand units, which was 99.7% of such sales for the previous FY 2024 due to supply constraints caused by the certification issue and other factors. The proportion of electrified vehicles was 46.2%, a significant increase from the previous fiscal year, mainly led by HEVs, which were increased by 850,000 year-over-year. Continue reading

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Goodyear Completes Sale of Dunlop Brand

The Goodyear Tire & Rubber Company* (NASDAQ: GT) said today that it has completed the previously announced sale of the Company’s rights to the Dunlop brand in Europe, North America and Oceania for consumer, commercial and other specialty tires, together with certain associated intellectual property and inventory, to Sumitomo Rubber Industries Ltd (TYO: 5110). Gross cash proceeds at closing totaled $735 million, comprised of $526 million for the Dunlop brand, $105 million for a transition support fee and $104 million for inventory. Goodyear said it intends to use the transaction proceeds to reduce leverage in connection with the so-called Goodyear Forward transformation plan. Continue reading

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BMW Group Q1 2025 Earnings Drop 25%

“The more challenging the environment, the more crucial it is to have compelling products, a consistent strategy and a high degree of flexibility. Our technology-open approach remains a key success factor: with our young, highly attractive models and our broad range of drives, we are able to meet the various needs of customers worldwide. This enables us to achieve robust results and stay on course to meet our ambitious full-year targets,” said Oliver Zipse, Chairman of the Board of Management of BMW AG. Continue reading

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