Category Archives: results

Stellantis Q1 Revenues, Shipments Drop – Transition or Trend?

Posted on 30 April 2024 by Ken Zino

Stellantis reiterated a minimum commitment of double-digit Adjusted operating income (AOI) margin in 2024, as well as positive Industrial free cash flow, despite macroeconomic uncertainties. Stellantis claimed that it is on track to deliver total capital returns in 2024 more than €7.7 billion, for an 11% yield as a percentage of Stellantis market capitalization on 1 January 2024. It is likely that its value will go down in the short term. The company, in AutoInformed’s view is in a transition that requires the balancing of market share, product cost, revenue and development of new offerings. It is not alone among automakers. Continue reading →

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Hyundai Expands Genesis Sudden Power Loss Recall

Posted on 29 April 2024 by Ken Zino

“The low-pressure fuel pump assemblies in the vehicles may contain impellers that can deform under certain environmental conditions, such as high ambient temperature. Deformation of the impeller could cause the impeller to interfere with the fuel pump housing, resulting in a mechanical resistance that could lead to a shutdown of the fuel pump,” the NHTSA filing said. Continue reading →

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Badass UAW Bargaining Committee Gets Record Daimler Deal

Posted on 27 April 2024 by Ken Zino

“Tonight, I’m in Charlotte, North Carolina, and I am honored to be joined by the badass bargaining committee representing over 7000 members at Daimler Truck North America,” Fain said. “We’re here tonight to announce a major victory for the members who build Freightliner and Western Star trucks and Thomas Built buses. Today, we reached a tentative agreement with Daimler. What started thirty-two years ago this month at the Mt. Holly plant, when the courageous 17-day strikers stood up and won a historic, first of its kind agreement, has come full circle. Continue reading →

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April US New Vehicle Sales Flat as Trade-in Values Drop

Posted on 26 April 2024 by Ken Zino

Total new-vehicle sales for April 2024, including both retail and non-retail transactions, are estimated to reach 1,304,600 units, a 0.9% decrease from April 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData.* … Continue reading →

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IIHS Toughens Front Crash Prevention Testing

Posted on 25 April 2024 by Ken Zino

“This is a vital update to one of our most successful test programs,” IIHS President David Harkey claimed. “The vast majority of new vehicles now come with automatic emergency braking, and our research shows the technology prevents as many as half of all front-to-rear crashes. This new, tougher evaluation targets some of the most dangerous front-to-rear crashes that are still happening.” Continue reading →

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Southern Labor Rights Boosted at VW. Daimler Next

Posted on 25 April 2024 by Ken Zino

The battle with VW management – a later day version of the Ford Rouge battle of the bridge, included outrageous interference by VW management instead of the neutrality stipulated under US labor laws. The Chattanooga plant has now become the symbol and rallying point of the tough fight for workers’ rights, bringing national or global attention* to the struggles and potential of unionizing in the South. Daimler Truck is next. Continue reading →

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EPA Finalizes Pollution Reduction Standards for Power Plants

Posted on 25 April 2024 by Ken Zino

The U.S. Environmental Protection Agency today announced a series of final rules to reduce pollution from fossil-fuel-fired power plants, which have been and likely will continue to be the subject of litigation paid for by special interest money. The rules under separate authorities including the Clean Air Act, Clean Water Act, and Resource Conservation and Recovery Act, will significantly reduce climate, air, water, and land pollution from the power sector as they go forward. During 2024 the United States is forecast to build more new electric generation capacity than it has for two decades. About  96% of that will be clean, according to the current Administration. Continue reading →

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Ford Motor Posts Q1 2024 Net Income of $1.3 Billion

Posted on 25 April 2024 by Ken Zino

Ford Motor (NYSE: F) late yesterday posted weak 2024 Q1 operating results of $42.8 billion in revenue (+1.3B YoY), net income of $1.3 billion (-1.1%), and adjusted EBIT of $2.8 billion (-6%) as global sales dropped 11,000 vehicles to 1,045,000. Ford nonetheless declared a second-quarter regular dividend of 15 cents per share, payable 3 June to shareholders of record at the close of business on 8 May 2024. Continue reading →

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Toyota Tacoma Pickup Adds First Hybrid Powertrain in 2024

Posted on 23 April 2024 by Ken Zino

The all-new 2024 Tacoma with i-FORCE MAX models are expected to arrive at Toyota dealerships later this Spring. The Manufacturer’s Suggested Retail Price (MSRP) starts at $46,300 for the TRD Sport grade, excluding delivery processing and handling. Continue reading →

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GM Posts $3 Billion in Q1 Earnings. Raises 2024 Guidance

Posted on 23 April 2024 by Ken Zino

“As we continue to strengthen our ICE [internal combustion engine] portfolio, scale EVs and reinvest in the business, we are very focused on capital efficiency, enhancing profitability and free cash flow, and we will continue to take steps to create shareholder value,” said CEO Mary T. Barra. GM has produced more than $23 billion of Auto Adjusted Free Cash Flow during the last 24 months, and expects to generate more than $30 billion in the 2022-2024 period. Continue reading →

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Sudden Power Loss Recall – Bronco Sport, Maverick Trucks

Posted on 22 April 2024 by Ken Zino

“An insufficient calibration strategy for detecting sudden battery degradations during a drive cycle can lead to (a) a vehicle that is unable to restart after an auto start/stop event or (b) experience a stall while coming to a stop at low speed. Either may be accompanied by a loss of 12-volt accessories, including hazard lights,” Ford said in the required filing with the National Highway Traffic Safety Administration, which the Federal safety agency made public today. NHTSA prompted the recall. Continue reading →

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Nissan Arc Business Plan is Sinking?

Posted on 19 April 2024 by Ken Zino

The forecast sales volume has been lowered to 3.44 million units, net revenue to 12.6 trillion yen, and operating profit to 530 billion yen. Net income is forecast to reach 370 billion yen for fiscal year 2023. “The revision is due to a decrease in sales volume, various cost reliefs made to suppliers such as inflation, and other factors,” Nissan said. Continue reading →

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NHTSA Probing Whether Ford Fire Recall is Adequate

Posted on 19 April 2024 by Ken Zino

The National Highway Traffic Safety Administration said just days after this recall was posted by AutoInformed that “The Office of Defects Investigation (ODI) reviewed Ford Motor Company’s proposed remedy for recall 24V-187 and started an investigation.” Continue reading →

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EV Grumblings – 2025 Toyota Camry Will Be Hybrid Only

Posted on 18 April 2024 by Ken Zino

The 2025 Toyota Camry sedans are expected to arrive at Toyota dealerships in late spring 2024 with a starting Manufacturer’s Suggested Retail Price (MSRP) of $28,400* – more than $400 less than the outgoing Camry Hybrid base grade and includes more standard features. It is a formidable entry in AutoInformed’s view. Continue reading →

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GM Energy Offers Electric Vehicle-to-Home Charging

Posted on 18 April 2024 by Ken Zino

“GM Energy is committed to making the transition to an all-electric lifestyle an even more compelling option by simplifying all aspects of personal energy management,” said Wade Sheffer, vice president of GM Energy. “With the introduction of these new offerings, it has never been easier for our customers to access the expanded benefits of a holistic EV ecosystem, helping to mitigate the impacts of power outages and having the ability to offset certain energy costs over time.” Continue reading →

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