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Category Archives: results
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
Posted in aftermarket, auto news, economy, manufacturing, milestones, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Cleary Gottlieb Steen & Hamilton, Dunlop brand, Goldman Sachs & Company, Goodyear Tire & Rubber Q1 2025 financial results, Ken Zino, Mark Stewart, Sumitomo Rubber Industries, X @KenAutoinformed
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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
Milestones – 20 Years of Hyundai Motor Manufacturing Alabama
Hyundai Motor Manufacturing Alabama (HMMA)** said today that it celebrated its 20th anniversary with a Team Member Appreciation Day on 3 May 3 2025, on the HMMA campus. The event brought together HMMA team members, their families, and special community guests for a day filled with family activities, plant tours, prize raffles, musical entertainment, and a closing fireworks display. The plant’s 20th year of production will officially be marked on 20 May 2025. Continue reading
Posted in auto news, manufacturing, milestones, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Chris Susock, Electrified GV70, Genesis Gives, Genesis GV70, Hyundai Motor Manufacturing Alabama, Hyundai Santa Fe, Ken Zino, Santa Cruz, Tucson, X @KenAutoinformed
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Ford Motor 2025 Q1 Net Income $47M Down from $1.3B!
Ford Motor Company (NYSE: F)* late yesterday announced weak first- quarter 2025 financial results and “suspended” financial guidance, including full year adjusted EBIT and adjusted free cash flow because of Trump tariff-related” uncertainties.” Ford first-quarter revenue of was $40.7 billion; net income $471 million with an adjusted EBIT of $1 billion. Operating cash flow was $3.7 billion. Improvements in cost and quality favorably contributed to performance in the quarter, Ford claimed. When excluding the nearly 200 million impact of tariffs, this was Ford’s third consecutive quarter of year-over -year cost improvement. Ford estimates a tariff-related net adverse adjusted EBIT impact of about $1.5 billion for full year 2025, subject to ongoing tariff-related policy developments. For comparison, General Motors earned $2.78 billion, $3.35 per share, for the three months ended March 31. During Q1 of 2024 GM earned $2.98 billion, or $2.56 per share. Continue reading
Posted in auto news, economy, financial results, manufacturing, marketing, news analysis, results
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ford Blue, ford credit, Ford Model e, Ford Motor cost improvements, Ford Motor Q1 2025 financial results, Jim Farley, Ken Zino, X @KenAutoinformed
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Milestones – Five-Millionth Mercedes-Benz Sprinter
Mercedes-Benz said today that M-B Vans is celebrating a global milestone with the production of five million Sprinter vans. The five-millionth vehicle, an all-electric eSprinter, was assembled at the company’s facility in Charleston, South Carolina and handed to FedEx, a long-standing Mercedes-Benz Vans customer.
“The global production of five million Sprinter vans and the celebration of the model’s 30th anniversary is a testament to its enduring success. This milestone reflects the dedication of our teams, the trust of our customers, and the continuous evolution of a vehicle that has defined the large van segment for three decades. We are proud of this legacy and excited for the future as we continue to drive progress in the van industry,” said Thomas Klein, Head of Mercedes-Benz Vans. Continue reading
Posted in auto news, manufacturing, marketing, milestones, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, FedEx, Ken Zino, Mercedes-Benz eSprinter, Mercedes-Benz Sprinter van, Pat Donlon, Thomas Klein, X @KenAutoinformed
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Volkswagen Recalls ID.BUZZ Third Row Seats
Volkswagen Group of America is recalling ~6000 model year 2025 ID. BUZZ vehicles. The third-row rear bench is wide enough for three passengers, but is designed for two passengers and equipped with two seat belts. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 208, Occupant Crash Protection.
“Based on the third-row rear bench seating surface width, the vehicle is required to have three DSPs. The third-row rear bench in the ID.Buzz has only two DSPs and with this only two seat belts available. If three passengers were to be seated the third-row rear bench, there would be insufficient seat belts for all three passengers. This could increase the risk of an injury for passengers in the event of a crash,” Volkswagen said in the mandatory safety defect recall filing made public today by the National Highway Traffic Safety Administration. Continue reading
Posted in auto news, customer satisfaction, design and styling, news analysis, recalls, safety
Tagged 2025 VW ID.BUZZ recalls, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, NHTSA Campaign Number 25V269 or 25V-269, Volkswagen Group of America, Volkswagen recall 72LC, X @KenAutoinformed
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Latest Ford Recalls – Bronco SUVs and F-150 Pickups
Ford Motor Company (NYSE: F) is recalling 2022-2023 model year Bronco SUVs, 2023 F-150 Lightning pickups and 2025 F-150 pickups for The 360-degree view camera; the high-voltage battery pack; and the air bag warning label, respectively. All told ~129,000 Ford products are affected – a relatively small number for the automaker.
“Missing or loose retention nuts on the high voltage battery junction box bus bars in the high voltage battery pack may result in electrical arcing, which can increase the risk of fire. In addition, a ‘Stop Safely Now’ message may occur in the instrument cluster followed by loss of motive power, which can increase the risk of a crash.” Ford said in the mandatory safety defect recall filing mad public by the National Highway Traffic Safety Administration this morning about what appears to be the most serious recall.
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Posted in auto news, customer satisfaction, manufacturing, news analysis, quality, recalls, safety
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ford Bronco recall 23S48, Ford F-150 pickup recalls 24S11 and 25C12, Ken Zino, NHTSA recall campaigns 25V271 25V272 25V273, X @KenAutoinformed
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Milestones – The Rolls-Royce Phantom at 100
Rolls-Royce* said today that it is marking Phantom’s centenary by reflecting on some of the fascinating stories where Phantom has played a role. The marque’s designers have also created a series of original artworks about Phantom’s legacy, celebrating the motor car’s cultural impact through the decades and “capturing the spirit of each of its eight generations.”
“Phantom is much more than a motor car. For 100 years, it has stood at the pinnacle of all Rolls-Royce motor cars – a cultural phenomenon that both reflects and influences the world around it. From its earliest days, Phantom has been one of the most desired rewards for success and a potent symbol of power and prestige on the world stage. Beyond status, it has always offered its owners a canvas for personal expression, transformed through Bespoke craftsmanship into a moving work of art. Across music, politics, art and beyond, Phantom has been present at many of history’s defining moments. The stories that surround it – and the images they’ve inspired our designers to create – reveal its extraordinary reach, and its enduring connection to greatness,” said Chris Brownridge, Chief Executive, Rolls-Royce Motor Cars. Continue reading
Posted in auto news, marketing, milestones, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Charles Sykes, Chris Brownridge, Duke of Edinburgh, Field Marshal Bernard Law Montgomery, HRH Princess Elizabeth, Ken Zino, Maharajah of Nabha, Rolls-Royce Phantom at 100, Sheikh Zayed Bin Sultan Al Nahyan, The British Royal Family, X @KenAutoinformed
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GM Recalls 1.14 Million V8 Engines for Failures and Fires
General Motors is recalling more than a million V8 engines used in 2021 – 2024 model year Cadillac Escalade and Escalade ESV, Chevrolet Silverado 1500, Suburban, and Tahoe, and GMC Sierra 1500, Yukon, and Yukon XL vehicles equipped with the 6.2L V8 gas engine (RPO L87). The connecting rod and/or crankshaft engine components in these vehicles may have manufacturing defects that can lead to engine damage and engine failure. This safety defect recall follows years of GM investigating the problem and concluding that no problem existed. However, the National Highway Traffic Safety Administration (NHTSA) continued its investigation based on persistent complaints from users, NHTSA had an active engineering analysis open when GM made the recall decision.
In the required safety defect recall filing – only some of it was made public by NHTSA, GM said “Engine teardown analysis identified two primary root causes, both of which are attributable to supplier manufacturing and quality issues: (1) rod-bearing damage from sediment on connecting rods and crankshaft-oil galleries; and (2) out of specification crankshaft dimensions and surface finish.” The supplier will remain publicly unknown until all the documents are made public, which is likely next Monday in AutoInformed’s experience. Continue reading
Posted in auto news, customer satisfaction, litigation, manufacturing, news analysis, quality, recalls
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GM 6.2-liter L87 V8 engine failure recall, GM recall number N252494000, Ken Zino, NHTSA Campaign 25V274 or 24V-274, X @KenAutoinformed
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Milestones – Seven Million U.S. Assembled BMWs
“This beautiful BMW ALPINA XB7 is a testament to the great products we have, the quality of our supplier network, and the unwavering commitment and dedication of our valued associates,” said Dr. Robert Engelhorn, president and CEO of BMW Manufacturing. “For over 30 years, BMW has proudly invested in South Carolina and its people, creating a remarkable legacy. We are excited about our future as we prepare to assemble fully electric vehicles at this plant.” Continue reading
Posted in auto news, manufacturing, milestones, performance, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BMW South Carolina plant Spartanburg, Dr. Robert Engelhorn, Ken Zino, Seven Million U.S. BMW ALPINA XB7, X @KenAutoinformed
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Penske Automotive Group – Q1 2025 +13% Net Income
Penske Automotive Group (NYSE: PAG) today posted Q1 2025 financial results that showed record first quarter revenue with an increase of 2% to $7.6 Billion. Adjusted earnings before taxes increased 5% to $310 Million. Adjusted earnings per share increased 6% to $3.39.
“Our diversified international transportation services business generated record first quarter revenue, the seventh consecutive quarter of stable gross margin, and a 70-basis point improvement of adjusted selling, general, and administrative expenses as a percentage of gross profit. New and used vehicle gross profit per unit retailed remained consistent and strong with new vehicle gross declining only $87 per unit while used vehicle gross increased $352 per unit when compared to the fourth quarter of 2024,” said Chair Roger Penske. Continue reading
Posted in economy, financial results, mobility company, news, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, NYSE: PAG, pag, Penske Automotive Group Q1 2025 financial results, Premier Truck Group, roger penske, Sytner Select, X @KenAutoinformed
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First Look – Gen 2 Citroën C5 Aircross
Citroën unveiled today the second-generation C5 Aircross SUV, which is the first Citroën built from the new Stellantis STLA Medium platform. It has a range of electrified powertrains – hybrid, plug-in hybrid or electric.
“The New C5 Aircross offers greater peace of mind by incorporating driving aids that make life easier, such as the Citroën Matrix Leds or Pack drive Assist 2.0, and by offering a choice of several electrified energies to suit different needs, setting new standards in terms of freedom of movement: more than 100 km in electric mode in the plug-in hybrid version for everyday journeys in town, up to 680 km (WLTP combined cycle) in the electric version, and more than 950 km in the hybrid version (WLTP combined cycle),” Citroën said. Continue reading
Posted in auto news, electric vehicles, marketing, milestones, mobility company, new vehicle, news analysis, shows and events
Tagged at Citroën's Rennes plant, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, compact C-segment SUVs, Gen 2 Citroën C5 Aircross, Ken Zino, Stellantis STLA-medium platform, X @KenAutoinformed
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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 →