Category Archives: results

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

Posted on 13 May 2025 by Ken Zino

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

Posted on 13 May 2025 by Ken Zino

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

Posted on 12 May 2025 by Ken Zino

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

Posted on 12 May 2025 by Ken Zino

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

Posted on 12 May 2025 by Ken Zino

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

Posted on 9 May 2025 by Ken Zino

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%

Posted on 8 May 2025 by Ken Zino

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

Posted on 7 May 2025 by Ken Zino

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%

Posted on 7 May 2025 by Ken Zino

“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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Milestones – 20 Years of Hyundai Motor Manufacturing Alabama

Posted on 6 May 2025 by Ken Zino

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 →

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Ford Motor 2025 Q1 Net Income $47M Down from $1.3B!

Posted on 6 May 2025 by Ken Zino

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 →

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Milestones – Five-Millionth Mercedes-Benz Sprinter

Posted on 5 May 2025 by Ken Zino

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 →

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Volkswagen Recalls ID.BUZZ Third Row Seats

Posted on 5 May 2025 by Ken Zino

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 →

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Latest Ford Recalls – Bronco SUVs and F-150 Pickups

Posted on 5 May 2025 by Ken Zino

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.
Continue reading →

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Magna International Posts Q1 2025 Results

Posted on 2 May 2025 by Ken Zino

“Our operating results for the first quarter of 2025 exceeded our expectations, with strong incremental margins on better than anticipated vehicle production and, for the balance of the year, we remain confident in our ability to execute on variables within our control in a complex and uncertain industry environment. We are actively advancing several initiatives including operational excellence, restructuring, commercial recoveries, and reduced capital and engineering spending to mitigate the impact of tariffs,” said Swamy Kotagiri, Magna’s Chief Executive Officer. We remain focused on generating long-term free cash flow to invest for profitable growth and drive compelling capital return to shareholders.” Continue reading →

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