Category Archives: results

March 2024 Global Light Vehicle Sales Effectively Flat

The Global Light Vehicle (LV) selling rate stood at 85 million units/year in March, roughly the same with February 2024, according to numbers and analysis  released by the GlobalData* consultancy. Worldwide, 8.0 million vehicles were sold last month, a 2% … Continue reading

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Ford Again Recalls Bronco Sport and Escape SUVs for Fires

Ford Motor Company (NYSE: F) is recalling more than 420,00 2022-2023 Bronco Sport and 2022 Escape vehicles because of engine fires. Affected SUVs are equipped with 1.5-liter engines where a fuel injector may crack and leak fuel inside the engine compartment, Ford said in the required filing that the National Highway Traffic Safety Administration made public this morning. This is an expansion of a previous fire recall since the original remedy was inadequate on what was then called the Dragon engine. Continue reading

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EPA – U.S. Greenhouse Gas Emissions Increase in 2022

The U.S. Environmental Protection Agency today released its latest annual Inventory of U.S. Greenhouse Gas Emissions and Sinks (GHG Inventory),* which presents an overview of annual greenhouse gas emissions from 1990 to 2022. Net U.S. greenhouse gas emissions were 5,489 million metric tons of carbon dioxide equivalent in 2022, a 1.3% increase in emissions from 2021. EPA said the increase is mostly due to higher energy use in 2022, reflecting the continued recovery in economic activity following the height of the coronavirus pandemic. Crucially, emissions have declined 17% overall since 2005. Continue reading

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March Western European Passenger Vehicle Sales Up. But…

The Western Europe passenger vehicle (PV) selling rate slipped backwards in March, to 11.3 million units/year, with 1.3 million vehicle registrations, according to the respected GlobalData* consultancy. This is 2.5% below March of 2023. However, year-to-date (YTD) sales increased by … Continue reading

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More US Jobs Coming from Chips and Science Act

With investments such as those at TSMC Arizona, the United States is now on track to produce roughly 20% of the world’s leading-edge chips by 2030. With total capital expenditures of more than $65 billion, TSMC Arizona’s investment is the largest foreign direct investment in a greenfield project in U.S. history. Continue reading

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SEC Gets Final Judgment Against Volkswagen on Dieselgate

The final judgment orders VWGOAF to pay $34.35 million in disgorgement and $14.4 million in prejudgment interest. Following the entry of the final judgment, the SEC dismissed its outstanding claims against VWGOAF’s ultimate parent company, Volkswagen AG, and Volkswagen AG’s former CEO, Martin Winterkorn. The Court had previously dismissed the SEC’s claims against VW Credit, Inc. on 20 August 2020. These actions have resolved the SEC’s case against Volkswagen in its entirety. Continue reading

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Mercedes-Benz Alabama Workers Ask NLRB for Union Vote

Energy appears to be on the side of the union. Alabama has been a so-called “right to work state (for less?) since 2016, meaning that union-membership is not required for employment. By late February, less than two months after Mercedes workers went public with their drive to join the UAW, a majority of them had signed union cards.

The Mercedes workers are part of the growing national movement of non-union autoworkers organizing to join the UAW in the wake of the historic Stand Up Strike victory at the Big Three auto companies last fall. More than 10,000 non-union autoworkers have signed union cards in recent months, with public campaigns launched at Mercedes, Volkswagen, Hyundai in Montgomery, Ala., and Toyota in Troy, Mo. Workers at least two dozen other facilities are also actively organizing. The main event in this fight will likely be at Tesla in AutoInformed’s view with Twitter owner Elon Musk, mustering all the anti-worker tweets he can. Continue reading

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

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

“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

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

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?

“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

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

“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

“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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