Category Archives: results

Recalls on 2015-16 Lincolns, Fords for Sudden Door Openings

Ford Motor Company (Ford) is recalling 2015 Fiesta, 2016 Fusion, and 2016 Lincoln MKZ vehicles sold, or ever registered in certain US regions, According to documents released today by National Highway Traffic Safety Administration. This recall is an expansion of … Continue reading

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US Light Vehicle Sales up Again in November 2023

US Light Vehicle (LV) sales grew by 8.5% year-on-year (YoY) in November, to 1.22 million units, according to preliminary estimates from the respected consultancy GlobalData.* The daily selling rate was estimated at 48,900 units/day in November, compared to 48,200 units/day … Continue reading

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Annals of Marketing – Honda Offers EV at Hybrid Price

It’s the latest example of how the proposition that EVs are too expensive ignores marketplace competition combined with automaker advantages of scale and decades of innovation in manufacturing, design and cost cutting will relentlessly and inevitably make EVs desirable. Continue reading

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Briggs and Stratton Settles With CARB For Off-Road Emissions

The California Air Resources Board has reached a settlement agreement with Briggs and Stratton of Milwaukee, WI., a significant producer of engines for outdoor power equipment, for $117,314. This was for the company’s violations of the Small Off-Road Engine (SORE) Regulation. The regulation limits emissions of oxides of nitrogen and hydrocarbons from spark-ignited, small off-road engines, including those found in landscape equipment, small power tools, and portable generators. Continue reading

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GM CFO – More Spending Efficiencies on Way for ICE and EVs

Paul Jacobson, GM EVP and Chief Financial Officer said this morning in New York that the aim is to  continue to drive GM’s strong cash flow performance while increasing the margins and the returns to investors while cutting capital spending. (NYSE: GM) Speaking at the Barclays Global Automotive and Mobility Tech Conference, Jacobson said, “we remain absolutely committed to driving to the 8% to 10% margin consistently that we’ve said in North America through this transition (to electric vehicles).” Continue reading

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EV Pickups Least Reliable Says Consumer Reports at APA

New Electric vehicles (EVs) have on average 79% more problems than (ICE) vehicles with internal combustion engines(ICE). Plug-in hybrid electric vehicles (PHEV) are even worse with an average of 146% more problems, according to  the Annual Auto Reliability survey* from Consumer Reports Continue reading

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GM Takes UAW Contract Costs in Stride. Ups 2024 Dividend

“We are finalizing a 2024 budget that will fully offset the incremental costs of our new labor agreements and the long-term plan we are executing includes reducing the capital intensity of the business, developing products even more efficiently, and further reducing our fixed and variable costs,” said Mary Barra, GM Chair and CEO. Continue reading

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Connected Technicians at Nissan Speed Repairs

“TECH LINE did a great job of walking me through the process. They made sure we went through it together and everything went smoothly,” said Skyler Petrille, Nissan master technician at Mossy Nissan El Cajon just outside San Diego. “It’s super cool when Nissan invests in tools to help make our work easier, better and more efficient.” Continue reading

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McLaren Returns to Le Mans in 2024 FIA WEC

McLaren Automotive said today it has been confirmed as a manufacturer represented in the 2024 FIA World Endurance Championship (WEC) with nominated racing partner United Autosports . It will contest the championship in the LMGT3 class with two 720S GT3 EVO cars. This means the McLaren name will return to Le Mans 29 years after winning the race on its debut appearance in 1995, completing the ‘Triple Crown’ of victories at Le Mans, the Indianapolis 500 and Monaco Grand Prix. To celebrate McLaren’s return to endurance racing, the entries will pay tribute to the debut with race numbers #59 -the race number of the winning F1 GTR – and #95, the year of the landmark win. Continue reading

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Stellantis Opens its First Circular Economy Hub in Turin

Stellantis has opened its SUSTAINera Circular Economy Hub (CE Hub) at the former Fiat Mirafiori Complex in Turin, Italy. Stellantis hopes to foster its so-called Circular Economy ambitions with a 360-degree approach based on its 4R strategy: Reman, Repair, Reuse, and Recycle. The objectives of the CE Hub are to extend the life of parts and vehicles, ensuring that they last for as long as possible. When that is no longer possible, the material is collected for recycling from the re-manufacturing operations, and from the end-of-life vehicle dismantling activity, and then returned to the manufacturing loop to build new vehicles and parts. Continue reading

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Stellantis Repurchases €934M in Shares from Dongfeng

“The purchase of Stellantis common shares by Stellantis from Dongfeng was carried out under the authority granted by Stellantis’ general meeting of April 13, 2023. The share repurchase transaction with Dongfeng will not impact Stellantis’ €1.5 billion open-market share repurchase program announced February 22, 2023, which is expected to complete by the end of 2023,” Stellantis said. Continue reading

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Volkswagen Raises Pay of US Plant Workers to Resist UAW

Volkswagen of America said today it will increase the pay of its non-union Chattanooga assembly plant workers by 11%. In what is clearly a defensive move against the reformed and increasingly successful United Auto Workers union in the US, which … Continue reading

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Record Consumer Spending Spurs US November Sales

“November results indicate a robust performance with double-digit year-over-year sales growth and record consumer expenditures for the month. The consumer expenditure record was due to strong sales growth, which outweighed a 1.9% decline in transaction prices,” said Thomas King, president of the data and analytics division at J.D. Power. “Sales growth is being enabled by improving vehicle availability. Despite the nearly six-week UAW work stoppage, retail inventory levels in November are expected to finish around 1.6 million units, a 7.5% increase from last month and 43.7% increase compared with November 2022, but still over 40% below pre-pandemic levels, King said. Continue reading

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Cruise CEO Resigns as GM Revamps Embattled Company

Cruise CEO Kyle Voght resigned on Sunday and there are media reports that the chief product officer and co-founder Daniel Can also resigned. You wouldn’t know it from the Cruise web site, which remains mute on the defections or what look to be forced resignations.   Continue reading

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Global Automotive Capacity Too High for Demand?

“With the current high-price environment as a backdrop, the progression of the Electric Vehicle (EV) transition and the potential for other external shocks, we can’t help but raise the caution flag about the prospects for the medium-term forecast and a recovery in demand to pre-pandemic levels. We had recently already trimmed the global LV forecast by an average of 7.5 million units a year throughout the forecast horizon, citing pricing pressure as the main driver. However, additional cuts to the outlook post-recovery could be on the horizon if pricing isn’t addressed,” Schuster said. Continue reading

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