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Category Archives: results
Stellantis Posts Record 2023 Results – €18.6B Net
“As we just passed the three-year mark since Stellantis’ inception, I warmly thank our teams who are executing at the highest levels and contributing greatly to our growth story, even in the strongest of headwinds. Today’s record financial results are proof that we have become a new global leader in our industry and will remain rock solid as we look to a turbulent 2024. Thanks to our flexible technology and product roadmap, we are prepared to address the various scenarios that could arise and to continue delivering on our Dare Forward 2030 targets,” said Carlos Tavares, CEO. Continue reading
Posted in alternative fuels, auto news, economy, electric vehicles, engineering, environment, financial results, manufacturing, marketing, milestones, mobility company, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Ken Zino, NYSE: STLA, Stellantis earnings and strategy, STLA platforms
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BMW i Ventures Invests in Skylo Technologies
Skylo has launched its initial service across US, Canada, and Europe, in partnership with major chipset makers including Qualcomm, Samsung, MediaTek, and Sony, together with the leading device OEMs and mobile carriers, such as Deutsche Telekom. Continue reading
Posted in aftermarket, auto news, connected vehicles, electronics, marketing, milestones, mobility company, news, news analysis, software defined vehicles, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BMW i Ventures, Kasper Sage, Ken Zino, Parth Trivedi, Skylo Technologies
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Annals of Marketing – Dag Ødegaard’s F-150 Lightning
“This is a dream vehicle for us especially as we love the USA and Texas so much,” Ødegaard said. “Finally we don’t have to drive two cars to transport two teenage children, my wife and all our luggage to our cabin in Trysil. In particular, the fact that it has five seats means that we can finally afford (sic) to buy ourselves a proper family pickup, which is also fully electric and packed with new technology. It is absolutely outstanding both in terms of comfort, space and driving.” Continue reading
Posted in auto news, blog, connected vehicles, electric vehicles, global warming, marketing, milestones, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Dag Ødegaard, F-150 Lightning, Ford Motor Norway Per Gunnar Berg, Ken Zino
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Toyota Cleans Daihatsu House Over False Tests
“President-to-be Inoue has for many years been working on structural reform of Toyota’s Latin American business, including a renewed regional management system involving Brazil and Argentina. Despite the many difficult decisions he has had to make, he is a leader who has moved reforms forward by implementing thorough dialogue with front-line members. Utilizing this experience, he will lead the revitalization of Daihatsu as the person responsible for ‘on-site management,’ Executive Vice President-to-be Kuwata will promote corporate cultural and organizational reform initiatives by leveraging his experience in human resources and on-site management,” Toyota said. Continue reading
Posted in auto news, blog, customer satisfaction, fools 'n frauds, fuel economy or emissions, labor issues, mobility company, people, quality, safety, shows and events
Tagged akio toyoda, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Daihatsu reorganization, Keiko Yanagi, Ken Zino, Masahiro Inoue, Masanori Kuwata, toyota motor
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Daihatsu Ousted from CJPT for Certification Fraud
“CJPT has decided to accept Daihatsu’s request based on the belief that the continued inclusion of Daihatsu in activities will not gain the understanding of the public needed to progress its projects to build the future together,” CJPT said. Continue reading
Posted in auto news, autonomous vehicles, blog, connected vehicles, engineering, environment, fuel economy or emissions, global warming, news analysis, public health, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, CJPT, Commercial Japan Partnership Technologies Corporation, Daihatsu, Ken Zino, toyota motor
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Kia Recalls 2024 Tellurides for Sudden Engine Failures
Kia America (Kia) is recalling 2024 Telluride vehicles because the engine valve springs may break while driving, which can result in a sudden loss of power and possibly create a hole in the engine block, which is a fire hazard. Abnormal engine noise, check engine light illumination, and a rough running engine are warning signs that the driver may notice before the engine fails. Tellurides are made in Georgia at a non-unionized plant.
National Highway Traffic Safety Administration today released the required recall filing. Kia told NHTSA that “The engine valve springs may break while driving due to fatigue cracking as a result of damage to the springs during manufacture by the supplier. A broken valve spring may result in a loss of motive power. In rare cases, a hole in the engine block may occur due to a broken valve entering the combustion chamber.” Continue reading
Posted in customer satisfaction, manufacturing, news analysis, quality, recalls, safety
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Daewonkangup valve spring recall, Ken Zino, kia recalls, Kia SC296, National Highway Traffic Safety Administration, NHTSA 24V077
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Nissan Recalls LEAF EVs for Bad Rearview Cameras
Nissan North America (Nissan) is recalling ~58,000 model-year 2018-2022 LEAF electric vehicles because damage to the camera harness can cause distortion or loss of the rearview camera display image. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 111, “Rear Visibility.” If the rear view image is not available, rearward visibility may be reduced, potentially increasing the risk of a crash. The recalled Leaf models were made at the non-unionized Smyrna, Tennessee assembly plant. Continue reading
Posted in auto news, customer satisfaction, electric vehicles, manufacturing, quality, recalls, safety
Tagged 23V628, 24V071, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, FMVSS 111, Ken Zino, NHTSA 24V071, Nissan Leaf recalls, rearview camera recalls, the National Highway Traffic Safety Administration
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Mercedes-Benz Recalls GLC models for Headlight Glare
Mercedes-Benz USA (MBUSA) is recalling more than 15,500 vehicles because the headlights may be incorrectly adjusted too high during production and create a glare for oncoming traffic. As such, these luxury vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 108, “Lamps, Reflective Devices, and Associated Equipment.”
The recall was made public today by the National Highway Traffic Safety Administration. Th recall appears to have been set in motion by an Insurance Institute for Highway Safety (IIHS) rating of GLC (253 platform) vehicles more than one year ago, including their headlamp adjustments. Continue reading
Posted in auto news, customer satisfaction, manufacturing, news analysis, public health, quality, safety
Tagged AMG recalls, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, FMVSS 108, Ken Zino, Mercedes-Benz recalls, National Highway Traffic Safety Administration, NHTSA 24V070
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Honda Recalls 750,000 Vehicles for Bad Airbag Deployments
“Due to a natural disaster at the manufacturing plant of a tier-2 supplier, the tier-1 supplier temporarily changed the base material in the printed circuit board of the seat weight sensor, which was not sufficiently verified for its intended use. The alternative base material could allow additional strain to the printed circuit board that can lead to a capacitor cracking and an internal short circuit,” Honda said in the required recall filing with NHTSA. Continue reading
Posted in customer satisfaction, electronics, engineering, manufacturing, quality, recalls, safety
Tagged Aisin Electronics Illinois, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, NHTSA 24V064 National Highway Traffic Safety Administration
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Chevy Silverado, GMC Sierra Pickup Recall for Bad Tailgates
Only 2500 and 3500 (HD) series vehicles that are equipped with the manual gate with power lock and release (RPO QT5) are affected by this recall. HD series vehicles with other tailgate configurations are not affected by this recall, GM said in the filing. GM has also stopped delivery of the vehicles. It is a violation of federal law for a dealer to deliver a new motor vehicle or any new or used item of motor vehicle equipment until the defect is remedied. If the driver does not manually close the gate before beginning a drive, cargo in the bed of the truck may exit the vehicle and become a road hazard, increasing the risk of a crash. Continue reading
Posted in auto news, customer satisfaction, electronics, engineering, news analysis, quality, recalls
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GM Chevrolet tailgate recall N232426400, GM Safety Field Action Decision Authority, Ken Zino, National Highway Traffic Safety Administration, NHTSA24V060
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Toyota to Restart Pixis Production and Shipments
“Toyota will provide full support to ensure that the various measures are implemented. We will resume production of the models to be released for shipment by MLIT as soon as they are ready, while carefully communicating with our suppliers and other related parties,” Toyota said. Continue reading
Posted in customer satisfaction, fuel economy or emissions, manufacturing, news analysis, recalls, safety
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Daihatsu made Toyota Pixis, Japanese Road Transport Vehicle Act, Ken Zino, Ministry of Land Infrastructure Transport and Tourism, MLIT
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Stellantis Increases January European Sales and Market Share
“Stellantis’ sales growth across key markets in January reflects our collective dedication to innovation and customer satisfaction,” said Uwe Hochgeschurtz, Stellantis Chief Operating Officer, Enlarged Europe. “This performance, both in volumes and market share across all energies and segments, reaffirms our position as the unrivaled challenger for the #1 spot in Europe. Continue reading
European Passenger Car Sales Soft in January 2024
The Western Europe passenger car selling rate fell slightly to 12 million units a year in January, according to numbers just released by the respected GlobalData* consultancy, at 901,000 vehicle registrations. Year-over-year (YoY) January grew 10.7% with strong growth in Germany and other major West European countries. However, relative to pre-pandemic January 2019, the passenger vehicle (PV) market is down almost 19%.
“With supply having been a key limiting factor over recent years, 2024 will see the focus return to the health of underlying demand. In this regard, consumers face headwinds such as high interest rates, inflation, and elevated vehicle pricing. However, the latter should ease as a function of greater vehicle supply and further volume recovery is baked into the 2024 outlook. Risks remains, noting the recent Red Sea attacks hitting freight costs, which only increases pressure on the manufacturing cost base,” the GlobalData European Light Vehicle Sales Forecasting Team said. Continue reading
J.D. Power – Vehicle Dependability Down Again
Owners are experiencing lower levels of vehicle dependability after three years, according to the J.D. Power 2024 U.S. Vehicle Dependability StudySM released today. The large number of tech-ache problems owners face indicate a decline in long-term vehicle dependability, with increased levels of problems reported for nearly two-thirds of brands in the study. The industry average has increased 4 problems per 100 vehicles (PP100) year-over-year to 190 PP100 from 2023. The rate at which problems have increased between 90 days and three years of ownership has increased to 17%, up 5 percentage points from 12% in 2023.
“Historically, VDS model results mirror the results of the respective model year in the J.D. Power Initial Quality Study, so a deterioration of vehicle dependability is unusual,” said Frank Hanley, senior director of auto benchmarking at J.D. Power. Continue reading
Posted in auto news, customer satisfaction, electronics, engineering, mobility company, news analysis, quality
Tagged auto industry commentary, autoinformed tech-ache problems, AutoInformed Tech-Aches, autoinformed.com, automotive blog, Automotive news and analysis, Frank Hanley, J.D. Power 2024 U.S. Vehicle Dependability StudySM, Ken Zino
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Ford Trends – Climate Change and Post Covid Consumer Views
Jen Brace, Trends and Futuring Manager at Ford Motor (NYSE: F) yesterday noted several trends in global research that show post-pandemic shifts in consumer sentiment and how people are reacting to technology by rewriting the rules of living, working, buying, and traveling. The self-professed “data nerd” shared the latest Ford consumer research with the Society of Automotive Analysts via Zoom. Continue reading →