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Category Archives: results
EVs, PHEVs Worse Than Gas Vehicles On Power 2024 IQS
“Proponents of battery electric vehicles (BEVs) often state these vehicles should be less problematic and require fewer repairs than gas-powered vehicles since they have fewer parts and systems. However, newly incorporated repair data shows BEVs, as well as plug-in hybrid electric vehicles (PHEVs), require more repairs than gas-powered vehicles in all repair categories. “Owners of cutting edge, tech-filled BEVs and PHEVs are experiencing problems that are of a severity level high enough for them to take their new vehicle to the dealership at a rate three times higher than that of gas-powered vehicle owners,” Hanley said. Continue reading
Posted in auto news, customer satisfaction, electric vehicles, electronics, manufacturing, mobility company, news analysis, quality, software defined vehicles, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Frank Hanley, J.D. Power 2024 U.S. Initial Quality StudySM, JDPower.com, Ken Zino
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May 2024 Car Sales Drop 3% in EU
Registrations of battery-electric (BEV) cars declined by 12% to 114,308. The total EV market share dropping to 12.5%. Belgium – now the third-largest market by volume for BEVs – and France were the only key markets to record growth, at 44.8% and 5.4%, respectively. Germany (-30.6%) and the Netherlands (-11.7%) had significant declines. From January to May, a total of 556,276 new battery-electric cars were registered. This is a 2% increase from the same period last, according to the ACEA trade group. Continue reading
Posted in auto news, economy, electric vehicles, marketing, news analysis, results, sales
Tagged acea, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Death of the diesel, EU May 2024 Cars Sales, European Automobile Manufacturers’ Association, Ken Zino
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May 2024 Global Light Vehicle Sales Rate Up Slightly
“Key markets, China and the US, benefited from improved selling rates versus the previous month. In Europe, there was little change for the West of the region in its month-over-month (MoM) selling rate evolution. While Eastern Europe made progress, with the latter once again supported by recovery in Russia. In Japan, the selling rate declined notably as supply issues persist,” the GlobalData light-vehicles sales forecast team said. Continue reading
Chinese Trade Wars – Exports Growing, Prices Dropping
Two very real problems are increasing for non-Chinese global automakers. First, is the penetration rate. This is the market share of the vehicles that are the future of the companies that will survive what is an historic reshaping of a global industry. Here, so-called New Electric Vehicles – [NEVs – battery electric vehicles, plug-in hybrids and range-extended electric vehicles combined] that have been heavy promoted, subsidized and pushed forward by the Chinese government are now accounting a 43% share in April, an historic high. The economies of scale are enormous and a clear Chinese competitive advantage. Continue reading
Posted in auto news, economy, electric vehicles, electronics, environment, global warming, manufacturing, marketing, mobility company, news analysis, public health, sales, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration, Bidenomics, BYD Qin L, Chinese Trade Wars, consumer electronics, Global Data Analyst comment, GlobalData, internet of things, Ken Zino, Nan Zhang, Xiaomi
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Stellantis Promise or Puff? – Clean, Safe, Affordable Mobility
No matter how nuanced a view you take, Jeep is central to the plan. The China Leapmotor Strategy is either daft – given the expanding global trade war with China or dictated by reality. Perhaps more significant in this moment, Stellantis re-affirmed its 2024 financial guidance and capital return plan, which promises double-digit Adjusted Operating Income (AOI) margin and positive industrial free cash flows. Stellantis will provide ≥€7.7 billion in dividends and buybacks during 2024. Continue reading
Posted in auto news, electric vehicles, financial results, fuel economy or emissions, global warming, manufacturing, marketing, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Ken Zino, Natalie Knight
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NHTSA Eases CAFE Regs For 2027-2031 Model Years
“Not only will these new standards save Americans money at the pump every time they fill up, they will also decrease harmful pollution and make America less reliant on foreign oil,” U.S. Transportation Secretary Pete Buttigieg said. “These standards will save car owners more than $600 in gasoline costs over the lifetime of their vehicle.” Continue reading
Posted in auto news, economy, energy, environment, fuel economy or emissions, news analysis, shows and events, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration, corporate aver fuel economy, fuel economy regulations, Ken Zino, Pete Buttigieg, US Department of Transportation
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NHTSA Fire Alert – Park Outside! 2020-2024 Kia Tellurides
The National Highway Traffic Safety Administration said today in a Consumer Alert that Kia America has issued a “park outside” recall for 462,869 model year 2020-2024 Telluride vehicle. There is a risk of fire while parked or driving in the vehicles. Kia is advising owners to park their vehicles outside and away from other vehicles and structures until the recall repair has been completed. Continue reading
Toyota Releases More Details on Vehicle Certification Fraud
“All the cases are related to certification. The certification system in Japan verifies whether a product meets the established standards mainly in the fields of safety and environment using measurement methods in accordance with rules. Vehicles can only be manufactured and sold after meeting certification test standards. The point of this issue is that the vehicles were mass-produced and sold without going through the correct certification,” Toyoda said. Continue reading
Posted in auto news, customer satisfaction, engineering, litigation, news analysis, safety
Tagged akio toyoda, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Customer First Promotion Group, Daihatsu, Hino, Ken Zino, MLIT, Shinji Miyamoto, Toyota Group, Toyota Industries
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Michigan Central Station Reopening June 6th
“Michigan Central means a great deal to us all. In many ways, this building tells the story of our city. This Station was our Ellis Island – a place where dreamers in search of new jobs and new opportunities first set foot in Detroit. But once the last train pulled out, it became a place where hope left. In 2018, I decided it was time to change that by re-imagining this station as a place of possibility again. Over the past six years, Ford Motor Company and teams of forward thinkers, designers, community leaders, and more than 3000 skilled tradespeople have worked to bring this landmark back to life,” said Ford Executive Chair Bill Ford. Continue reading
Posted in auto news, economy, electronics, engineering, environment, milestones, mobility company, shows and events, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Beaux-Arts buildings, Detroit’s Corktown neighborhood, Ford and Michigan Central, Ford Executive Chair Bill Ford, Joshua Sirefman, Ken Zino
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OPTIQ EV- Cadillac Introduces an Entry Level Compact SUV
Cadillac today revealed the new 2025 OPTIQ, an entry-level Cadillac luxury EV. OPTIQ is the least-expensive EV in lineup. This is Cadillac’s fourth EV, positioned below the barely-selling LYRIQ mid-size crossover, with a base price of ~$59,000. This fall OPTIQ joins the expensive ~$300,000+ CELESTIC sedan and the Escalade SUV (~ $130,000). Next year, the VISTIQ appears in showrooms. OPTIQ pricing starts at an estimated $54,000 for the Luxury trim, Sport will be more expensive [footnote 10],* including destination charges, excluding tax, title, license, and dealer fees. Obvious competitors include Tesla Model Y, Ford Mustang Mach-E, Mercedes-EQ EQB, and Lexus RZ. Continue reading
UAW Strikes Again – This Time at Penske Logistics in El Paso
Members of UAW Local 286 walked off the job this morning in an “unfair labor practice strike” following the company’s “refusal to negotiate a first contract in good faith.” More than 40 workers in the clerical unit of the Penske Logistics operation in El Paso, TX, voted to form their union more than a year ago. They have allegedly been stonewalled by the company in their attempt to win a first contract. Members are seeking fair pay, real paid time off, and better benefits, particularly health care. Penske Logistics did not immediately respond to an AutoInformed request for comment.
“The company’s refusal to sit down with workers and hash out a deal with fair pay and benefits so workers can care for their families is unacceptable,” said UAW Region 8 Director Tim Smith. “It’s time for Penske to get serious and negotiate in good faith.” Continue reading
Posted in auto news, customer satisfaction, labor issues, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, health insurance, Ken Zino, Penske Logistics in El Paso, Tim Smith, UAW Local 286, UAW Region 8, United Automobile Aerospace and Agricultural Implement Workers of America
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Honda CR-V Fuel Cell EV – $389 a Month!
Honda this week announced lease options for the 2025 Honda CR-V e:FCEV, America’s first production plug-in hydrogen fuel cell electric vehicle. The zero-emissions compact CUV will be available in California starting 9 July, with three leasing options, at $389, $459, and $489 per month. This is a form of space age NASA advanced technology at Honda prices without the requisite trip to the moon, unless you have those views about California. Continue reading →