Category Archives: results

US Auto Sales Hitting Streak – 20 Months of Growth in March

Posted on 3 April 2024 by Ken Zino

US Light Vehicle (LV) sales grew 5.5% year-on-year (YoY) in March to 1.44 million units, according to an analysis just released by the respected GlobalData consultancy.* This means that under the Biden Administration the economy had another month of YoY … Continue reading →

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UAW Files Anti-Labor Charges in Germany Against Mercedes

Posted on 3 April 2024 by Ken Zino

“MBUSI’s actions not only violate U.S., German and international law, they also violate Mercedes-Benz’s Principles of Social Responsibility and Human Rights. Those principles state: In the event of organization campaigns, the company and its executives shall remain neutral; the trade unions and the company will ensure that employees can make an independent decision” the UAW said. 

“Mercedes-Benz’s aggressive anti-union campaign against U.S. autoworkers in Alabama is a clear human rights violation under the German Act on Corporate Due Diligence Obligations in Supply Chains. If found guilty, Mercedes-Benz faces billions in penalties, including significant fines and bans on government contracts,” the UAW said. Continue reading →

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Volkswagen Recalls Audi E-Tron models for Battery Fires

Posted on 1 April 2024 by Ken Zino

Volkswagen Group is recalling various 2022-2024 Audi E-Tron GT and the RS versions because the high-voltage battery may undergo a short circuit without warning and cause a fire. This is the result of the same safety defect that caused the recall of Porsche Taycan hybrids, according to documents released today by the National Highway Traffic Safety Administration. Continue reading →

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Porsche Recalls Taycan Hybrids for Battery Fires

Posted on 1 April 2024 by Ken Zino

Porsche Cars North America is recalling various Taycan models from the 2020 through the 2023 model years because the high-voltage battery may undergo a short circuit without warning within the battery modules of its first four-door electrified SUV. According to the required safety defect filing released by the National Highway Traffic Safety Administration today, the hybrid battery modules were produced by LG energy Solution in Wrocław, Poland. Continue reading →

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Heavy-Duty Emissions Standards – Missed Opportunity?

Posted on 29 March 2024 by Ken Zino

“The final rule also leaves more work to be done, and state legislatures should spur use of electric and other zero-emission trucks by adopting the Advanced Clean Truck rule. By delaying the final standards for sleeper cabs until model year 2030 vehicles, EPA missed out on the additional climate and health benefits that would have started accruing much earlier from some of the highest-polluting vehicles on the roads. Continue reading →

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Greenhouse Gas Standards for Heavy-Duty Vehicles Set

Posted on 29 March 2024 by Ken Zino

The U.S. Environmental Protection Agency today announced final national greenhouse gas pollution standards for heavy-duty vehicles for model years 2027 through 2032 – the “Greenhouse Gas* Emissions Standards for Heavy-Duty Vehicles – Phase 3.” Trucks and other heavy-duty vehicles are central to the economy by moving goods and freight as well as providing services for industry, transit, among other sectors. Heavy-duty vehicles account for 25% of all greenhouse gas emissions from the transportation sector, which is itself the single largest source of greenhouse gas emissions in the United States. Under these new standards, the heavy-duty industry is expected to realize annualized savings of $3.5 billion compared to annualized costs of about $1.1 billion from 2027 through 2055 Continue reading →

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Bidenomics – Fiscal Policy Increased Car Sales During 2020

Posted on 28 March 2024 by Ken Zino

“In the months following the outbreak of COVID-19, Economic Impact Payments and the Paycheck Protection Program provided fiscal support to households and businesses,” said the Hutchins Center on Fiscal and Monetary Policy at Brookings this week, citing a new research paper on Economic Incentive Programs (EIPs) during the early years of the Biden Administration economic recovery.

Using data on motor vehicle sales and the Consumer Expenditure Survey, Jack Dunbar of the University of Pennsylvania and co-authors Christopher Kurz, Geng Li and Maria D. Tito find that these policies boosted new car sales by 12% in 2020, or 1.75 million cars. They also find that the increase in sales caused by the fiscal programs accounted for 70% of the declines in inventory through 2021. The stimulus-induced demand, which coincided with supply constraints that reduced inventories, accounted for 20% of the increase in vehicle prices compared to pre-pandemic pricing. Continue reading →

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Suniva, Heliene to Make First U.S. Domestic Content Solar Cells

Posted on 28 March 2024 by Ken Zino

“With this strategic partnership Heliene and Suniva are well-positioned to rapidly scale domestic cell and module manufacturing to meet the surging demand for secure and reliable domestically made crystalline PV modules. Currently, all U.S.-made solar crystalline modules use only imported cells. This partnership will directly address that gap in the U.S. solar supply chain and help strengthen manufacturing capacity to meet increased demand for domestic products,” the companies said in a joint released timed to coincide with a visit by Secretary of the Treasury Janet L. Yellen at Suniva yesterday. Continue reading →

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Honda Racing has a New UK Formula One Base

Posted on 27 March 2024 by Ken Zino

Honda is celebrating its 60th anniversary of its first F1 participation this year. The company is currently providing technical support and marketing cooperation as a team partner to Oracle Red Bull Racing, which is enmeshed in an ongoing alleged inappropriate sexual behavior scandal. Honda also supplies the VISA Cash App RB Formula One Team. As part of this technical support, HRC manufactures and supplies PUs along with support for PU operation throughout the season to Red Bull Powertrains (RBPT)*. This partnership will continue until the next year’s 2025 season.

*RBPT is a Red Bull group company responsible for F1 PU building. They are in charge of production and operation of ESS (Energy Storage System) for current F1 PU. Continue reading →

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PEVE to Become Toyota Battery Company

Posted on 27 March 2024 by Ken Zino

Toyota Motor (NYSE:TM) in Japan confirmed today that Primearth EV Energy Co., Ltd. (PEVE) will become a wholly-owned subsidiary of Toyota Motor. The subsidiary will use the technology advanced through Toyota’s hybrid vehicle battery business to date. and presumably improve on it. The transaction is scheduled to be approved at PEVE’s Annual General Meeting of Shareholders in late June 2024. It’s the latest in a series of moves by Toyota to become a dominant EV company.

“The new company name embodies our determination to leverage the technology and skills honed since PEVE’s establishment in 1996 to contribute to the competitiveness of Japanese batteries and become a company that provides high-quality and highly safe on-board batteries. In addition to batteries for Hybrid Electric Vehicles (HEVs), we plan to produce batteries for Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). Through our efforts in the production of diverse and next-generation on-board batteries, we hope to create new value and be useful to society,” PEVE said. Continue reading →

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Home EV Charging More Satisfying Than Public Charging

Posted on 26 March 2024 by Ken Zino

Home charging offers a much more satisfying experience for electric vehicle owners when compared with public charging, according to the J.D. Power 2024 U.S. Electric Vehicle Experience (EVX) Home Charging StudySM, released today. Thus the EV experience is similar to bathroom satisfaction in AutoInformed’s view. Continue reading →

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Workers File Union Busting Charges Against Mercedes-Benz

Posted on 26 March 2024 by Ken Zino

Workers at Mercedes-Benz’s largest U.S. plant have filed multiple federal charges with the National Labor Relations Board over allegations that the German company is using aggressive and illegal union-busting. tactics Workers are requesting an injunction to put an end to the company’s retaliation against workers In February, Mercedes workers announced that a majority of their coworkers at the Mercedes plant in Vance had signed union authorization cards. Every Mercedes plant in the world is unionized—except the company’s two plants in the United States. Continue reading →

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New Dodge Charger, Chrysler 300, Ram ProMaster Recalls updated

Posted on 25 March 2024 by Ken Zino

Chrysler (FCA US or Stellantis) is recalling ~285,000 2018-2021 model year Dodge Charger and Chrysler 300 vehicles. Chrysler is also recalling certain 2021-2022 Ram ProMaster vehicles, according to documents released this morning by the National Highway Traffic Safety Administration.

The Dodge Charger and Chrysler 300 is potentially more urgent because the right and left side curtain air bag inflators may rupture due to a manufacturing defect. The sudden rupture of the inflator due to stress cracking from moisture could send shrapnel into the interior, potentially causing serious injuries. Continue reading →

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Toyota to Build New Tokyo Corporate Headquarters

Posted on 22 March 2024 by Ken Zino

Toyota Motor Corporation said today it will sign a new agreement with Keikyu Corporation stemming from the agreement signed in 2020 to serve as a joint operator in the development of the Shinagawa Station West Exit area of Tokyo. The deal involves land, well as the joint construction and operation of a planned building to promote urban development.

Toyota will open a new Tokyo Head Office in FY2030 in the building. The area is expected to see improvements in urban functions with the opening of the MAGLEV line and other projects going forward. Continue reading →

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March US Vehicle Sales Up. Record Q1 Consumer Spending!

Posted on 21 March 2024 by Ken Zino

Total US new-vehicle sales for March 2024, are projected to reach 1,525,700 units, a 12.1% increase from March 2023, according to a joint forecast today from J.D. Power and GlobalData.* The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 16.4 million units, up 1.6 million units from March 2023. New-vehicle total sales for Q1 2024 are projected at 3,830,500 units, a 4.5% increase from Q1 2023 when adjusted for selling days as the Biden Administration recovery continues.

New-vehicle retail sales for March 2024 are also expected to increase when compared with March 2023. Retail sales of new vehicles are forecast at 1,225,000 units, a 10.7% increase from March 2023. New-vehicle retail sales for Q1 2024 are projected at  3,066,500 units, a 4.5% increase from Q1 2023 when adjusted for selling days. Continue reading →

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