Category Archives: results

UAW Endorses Sherrod Brown for US Senate

Posted on 3 November 2025 by Ken Zino

The UAW today officially endorsed Sherrod Brown for US Senate. Approximately 100,000 active and retired UAW members live and vote in Ohio. The UAW Ohio CAP (Community Action Program) Council formally voted to endorse Brown and said it will mobilize hundreds of thousands of working-class Ohioans to elect Brown to the US Senate.

“Sherrod is more than an ally of the UAW; he is an honorary union brother,” said UAW Region 2B Director Dave Green. “Ohioans don’t need another representative who leaves us wondering whose side they’ll be on when it matters. We know exactly where Sherrod Brown stands, because he has been in the fight with the UAW and the working-class time and time again. I am proud of our members for committing to elect working-class fighters like Sherrod.” Continue reading →

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Volkswagen ID – Money Back in 100 Days

Posted on 3 November 2025 by Ken Zino

In a marketing move that likely will have international implications, Volkswagen* in the U.K. today announced the so-called ID. Promise. This allows its retail electric car customers between 80 and 100 days after collection to ‘drive and decide.’ The time frame in which people can return vehicles is from the point that they take delivery of their new cars. They just need to inform their retailer, who will then arrange a refund minus a 3% fixed usage charge, as well as the cost to repair any damage or modifications to the cars since they were handed over.**

“Official figures show more than 1.3 million UK motorists have already converted to electric, and time and time again our customers tell us they would never go back to petrol or diesel having made the move,” said Rod McLeod, Director of Volkswagen UK. “But there are many more people who want to go electric but feel unsure. This straightforward initiative gives them the perfect opportunity to ‘drive and decide’ with no strings attached.” Continue reading →

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Magna Posts Solid Q3 2025 Earnings Gain

Posted on 31 October 2025 by Ken Zino

Magna (TSX: MG. NYSE: MGA) today posted U.S. $613 million EBIT Q3 2025 compared to $594 million in the third quarter of 2024. Subject to the approval by the Toronto Stock Exchange, the Magna Board of Directors approved a new Normal Course Issuer Bid (“NCIB”) to purchase up to approximately 25.3 million of Magna Common Shares, representing 10% of the public float of Common Shares. This NCIB is expected to be effective on 7 November 2025 and will terminate no later than 6 November 2026.

“Our strong third quarter performance exceeded our expectations and underscores the resilience of our business amid dynamic operating conditions and evolving macroeconomic trends. These results reflect the strength of our global team and the effectiveness of our strategic execution,” said Swamy Kotagiri, Magna Chief Executive Officer. Continue reading →

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Penske Automotive Group Posts Q3 Net Income Increase

Posted on 31 October 2025 by Ken Zino

Penske Automotive Group* (NYSE: PAG) has posted Q3 2025 operating results. During Q3 revenue increased 1.4% to $7.7 billion compared to $7.6 billion in Q3 2024. Net income attributable to common stockholders decreased 6% to $213.0 million compared to $226.1 million YoY. Related earnings-per-share decreased 5% to $3.23 compared to $3.39 YoY 2024.

“Overall, I am pleased with our performance during the third quarter. We grew same-store retail automotive new units delivered by 4%, reduced new vehicle inventory days supply by 6 days from the end of June and increased retail automotive service and parts revenue to a quarterly record of $818.3 million, including same-store service and parts revenue growth of 5%,” said Chair Roger Penske. Continue reading →

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Hyundai Motor Company Q3 2025 Net Profit Dives

Posted on 30 October 2025 by Ken Zino

Hyundai Motor Company (KRX: 005380 KS) today posted its business results for the Q3 of 2025. The company’s revenue during the July-September period rose 8.8% year on year to KRW 46.72 trillion, marking its highest-ever third-quarter revenue. Strong sales in the U.S. and Europe, as well as favorable foreign exchange rates contributed to the company’s revenue growth. However, Q3 operating profit stood at KRW 2.54 trillion, down 29.2% YoY, with an operating profit margin of 5.4%. Higher incentives as well as the impact of tariffs beginning to take full effect, hurt the operating profit. Net profit, including non-controlling interests, decreased 20.5% to KRW 2.55 trillion. Nonetheless Hyundai announced a Q3 quarterly dividend of KRW 2500 per – a 25%increase YoY.* Continue reading →

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All BMW Group Parsdorf Operations Now in EMAS

Posted on 24 October 2025 by Ken Zino

The BMW Group (BMW.DE) said today that operations in Parsdorf (slightly northeast of Munich) are now part of the European environmental register, EMAS. In addition to the BMW Group Cell Manufacturing Competence Center, (CMCC) and test-parts logistics, the pilot plant for high-voltage batteries in Parsdorf has been included in the environmental impact statement and EMAS registration for the first time. EMAS stands for the “Eco-Management and Audit Scheme,” which claims to be the most stringent environmental management system in the world.

“We are very pleased with the EMAS registration of all our operations in Parsdorf, which underlines that our processes operate at a very high level – both economically and environmentally,” says Hansjörg Schilp, director of the CMCC and pilot plant for high-voltage batteries in Parsdorf. “The entire team has done an outstanding job.”
Continue reading →

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Porsche Cayenne Electric – Resourceful Performance

Posted on 24 October 2025 by Ken Zino

“With the Cayenne Electric, we are taking e-performance to a new level,” said Dr Michael Steiner, Deputy Chairman of the Executive Board and Member of the Executive Board, Research and Development. “Our innovative high-voltage system combines maximum efficiency with the driving dynamics typical of Porsche.” Continue reading →

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October U.S. Vehicle Sales Forecast Flat. Global Sales Up

Posted on 23 October 2025 by Ken Zino

Total new-vehicle sales for October 2025, including retail and non-retail transactions, are projected to reach 1,249,800, a 6.9% decrease year-over-year, according to a joint forecast from J.D. Power* and GlobalData.** October 2025 has 27 selling days, the same as October 2024. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is forecast to be 15.1 million units, down 1.1 million units from October 2024.

“October’s results reflect a notable, but expected decline in the new-vehicle sales pace, due almost entirely to sales of electric vehicles. “The expiration of federal EV credits on Sept. 30 caused EV shoppers to pull ahead their purchases, driving a significant increase in EV sales and inflating the overall industry sales pace,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading →

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Cadillac 2028 Escalade IQ Debuts High-Speed Computing Core

Posted on 22 October 2025 by Ken Zino

At its so-called GM Forward media event in New York today, General Motors (NYSE: GM) talked about how manufacturing scale, software expertise, and AI are “converging to transform the car from a mode of transportation into an intelligent assistant.” GM is hardly alone in this quest to use advanced computing power to increase the technical ability and expand the market for branded vehicles.

“One of the most significant steps toward that future is autonomy. GM announced plans to bring eyes-off driving to market in 2028, debuting on the Cadillac Escalade IQ electric SUV. GM has already mapped 600,000 miles of hands-free roads in North America, and customers have driven 700 million miles with Super Cruise without a single reported crash attributed to the system. [footnote 1] Additionally, the technology and validation frameworks from Cruise add more than five million fully driverless miles of experience,” GM said. (Worrying here is GM expensive warranty cost problems discussed during its latest earnings call – AutoCrat) Continue reading →

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BMW Group Testing HVO100 Diesel Replacement Fuel

Posted on 22 October 2025 by Ken Zino

The BMW Group (BMW.DE) said today that it is using its presence at the “Fleet Europe Days” on 22 and 23 October in Luxembourg to show fleet operators ways to decarbonize their fleets. In addition to fully electrified vehicles, the focus will be on fuels based on renewable raw materials.

“Our goal is always to have more environmentally friendly and efficient vehicles on the road. With the diesel replacement fuel HVO100, we have an opportunity to reduce the CO2 footprint of vehicle fleets. Especially in the area of fuels that are not based on fossil fuels, we see a potential that we are ready to realize,” said Dr. Martin Kaufmann, Head of Powertrain Development at the BMW Group. Continue reading →

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GM Ends Production of BrightDrop EVs in Canada

Posted on 21 October 2025 by Ken Zino

General Motors (NYSE: GM) today confirmed the end of production of the BrightDrop electric delivery van built at CAMI Assembly in Ingersoll, Ontario. BrightDrop production will not be moved to another site. GM said “The commercial electric delivery van market … Continue reading →

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GM Posts Q3 Net of $1.3 Billion on $48.6B Revenue

Posted on 21 October 2025 by Ken Zino

General Motors (NYSE: GM) today posted a Q3 2025 net income of $1.3 Billion down $700 million year-over-year on $48.6B in revenue. This included a gross tariff impact of $1.1 billion. GM offset more than 30% of this amount through what it said was go-to-market, footprint, and cost initiatives. It was a strong quarterly performance, but GM still faces major challenges in China, as well as problems dealing with Korea, Mexico and Canada via the upcoming re-negotiation of the North American Free Trade Agreement with the Trump Administration’s hostile to our northern neighbor. Nonetheless GM stock closed the day at $66.62, up $8.62 for a +14.86% gain.

“Thanks to the collective efforts of our team, and our compelling vehicle portfolio, GM delivered another very good quarter of earnings and free cash flow. In the U.S., we achieved our highest third-quarter market share since 2017 with strong margins, and our restructured China business was profitable once again. Based on our performance, we are raising our full-year guidance, underscoring our confidence in the company’s trajectory,” said Ceo and Chair Mary Barra. Continue reading →

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World Premiere – New Toyota Land Cruiser FJ

Posted on 21 October 2025 by Ken Zino

“Launched originally as the Toyota BJ in 1951, the Land Cruiser immediately became the first vehicle to climb to the sixth station of Mount Fuji. Since then, it has fulfilled its mission of delivering safety and security to all types of people in places that only the Land Cruiser can reach. Developed and refined based on global, real-world customer usage, it provides reliability, durability, and off-road performance that allows people to go anywhere and everywhere and return safely. This concept has been carried forward and continues to evolve to this day. With cumulative sales of about 12.15 million units [footnote 1] in over 190 countries and regions around the world, the Land Cruiser has supported the lives and livelihoods of people everywhere. It is a flagship Toyota model that has been developed and refined by customers around the world for over 70 years,” Toyota said. Continue reading →

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First Look – 2026 Mustang Mach-E GT

Posted on 20 October 2025 by Ken Zino

Ford Motor Company(NYSE: F) said today that it is introducing the 2026 Mustang Mach-E® GT California Special. It’s a special edition as an optional package that brings a heritage-inspired design to the Mustang family’s newest member. In the 1960s, California dealers were responsible for a large portion of all Mustang sales and wanted their contributions to the vehicle’s success commemorated through a unique package. In 1968, the original California Special was born. The coupe’s original red and black accents and aero features would define the trim package for years. Just over 4000 of the original California Special Mustang vehicles were built. Continue reading →

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How China Is Gutting Western Automakers

Posted on 20 October 2025 by Michael Dunne

“Make the world more dependent on China. Make China less dependent on the world.” – Xi Jinping (Politburo, Dual Circulation Strategy, May 2020) If China’s goal is total domination of the global auto industry, the master plan might look something like this:

Scale Up: Build enough capacity to supply more than half of the world’s annual demand for vehicles.
Flood In: Launch a frenzied push of exports into markets worldwide and, with aggressive pricing, take large chunks of market share. Continue reading →

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