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Category Archives: results
Ford CEO Jim Farley on UAW Contract Ratification
Ford Motor Company (NYSE: F) President and CEO Jim Farley said this morning, “We are pleased the agreement has been ratified and we are very happy for our more than 57,000 UAW-represented employees and their families.” (AutoInformed: Bill Ford Asks … Continue reading
Posted in manufacturing, milestones, news analysis, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Jim Farley, Ken Zino, Lincoln Navigator, new Expedition and Explorer, new F-150 and F-150 Raptor, new Lincoln Aviator., Ranger and Ranger Raptor
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State of Michigan UAW Employees Approve 2024 Contract
State of Michigan UAW employees have approved the 2024 wage re-opener for the fiscal year 2024 by a significant 95% yes vote, the UAW said today. Local 6000 negotiated a 5% wage increase, a $2250 bonus, which is the first bonus ever received, and language to adjust wages due to market conditions, retention, and recruitment for the Human Services and Administrative Support Units. Continue reading
New Circus Ringmaster at Cruise Autonomous Vehicles
Well, it seems that the discovery that Cruise altered released accident footage to eliminate one of its accident vehicles dragging a pedestrian with it as it continued to run (drive away?) has moved the normally buttoned-down GM safety culture and it people to the verge of, well, annoyance. So send in the lawyers to monitor the California clowns starting with Cruise CEO Kyle Vogt. Continue reading
Posted in autonomous vehicles, customer satisfaction, electronics, engineering, insurance, litigation, mobility company, news analysis, people, recalls, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, AV technology, Craig Glidden, Cruise CEO Kyle Vogt, Ken Zino
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October Global Light Vehicle Sales at 94 Million Annually
The Global Light Vehicle (LV) selling rate for October was largely in line with an upwardly adjusted September figure, at 94 million units annually. Year-over Year (YoY) the market was up nearly ~11% last month, and up more than 10% YTD, according to data just released by the GlobalData Light Vehicle Sales Forecasting Team. Continue reading
Mercedes-Benz Opens First North American EV Charging Hub
Mercedes-Benz USA said today that its first Charging Hub* opened at its headquarters in Sandy Springs, Georgia. Additional charging hubs will open across Texas and the Southeast by the end of 2023. Continue reading
Posted in connected vehicles, economy, electric vehicles, environment, global warming, marketing, milestones, news analysis, shows and events
Tagged Athlon, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Buc-ee's travel centers, Franz Reiner, Ken Zino, Mercedes-Benz Charging Hub, Mercedes-Benz HPC NA, Mercedes-Benz Mobility AG, MN8 Energy
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Mazda Posts Net Income of $7.2 Billion for First Half of Japanese Fiscal Year
“Through the introduction of our Large product CX-90, following the introduction of the CX-60, and ongoing strong performance of mainstay products such as the CX-5, global sales volume increased 20% from the prior year. Other contributing factors were an improvement in market mix with a 40% year-on-year increase in sales in North America, mainly in the high-profit US market,” said Masahiro Moro, President and CEO Mazda Motor Corporation. Continue reading
Posted in auto news, economy, financial results, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Masahiro Moro, Mazda Motor Corporation, Mazda results first half of the Japanese fiscal year April – September 2023
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NHTSA Consumer Alert on Steering Wheel Decorations
The product is a metal or plastic plate, usually covered with rhinestones or other shiny decorations, with an adhesive back that covers the vehicle’s logo in the center of the steering wheel. In a crash, the force of a deploying air bag can turn the product into a projectile, like shrapnel, resulting in serious injury or death.
“Unlike the permanently affixed logo on your vehicle’s steering wheel, these aftermarket decals can easily become dislodged when the air bag is deployed. Any alterations or changes to your air bag or its cover can also cause it to not function correctly,” NHTSA said. Continue reading
Kia America Recalls all 2015-19 Soul Hybrids for Software Bug
All owners of 2015-2019 model year Soul hybrids will be notified by first class mail telling them to bring their vehicles to a Kia dealer. Dealers will update the Electronic Control Unit software for the Electronic Parking Brake (EPB) logic so that the EPB automatically activates when the gear shift lever is in the “P” (Park) position regardless of whether the vehicle is powered ON or OFF. Kia will reimburse owners for repair expenses already incurred as required by US law. Continue reading
Unifor and Stellantis Contract Ratification in Process
Unifor said its bargaining team met all of its priorities in negotiations and obtained an historic wage package, stronger pensions, protections for autoworkers in the EV transition, and secured investments to lock in a pattern agreement for all Canadian autoworkers. Continue reading
Posted in labor issues, manufacturing, milestones, news analysis, shows and events
Tagged 1285, 1459, 1498, 195, 815, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Canadian autoworkers, Ken Zino, Unifor and Stellantis 2023 contract negotiations, Unifor Locals 444
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Toyo Tire Blowout Recalls – Open Country and Extensa Tires
Toyo Tire Holdings of Americas is recalling Open Country and Extensa tires made in Serbia because of blowouts. The tires may have been produced using the wrong mold, which can result in the tread or tire sidewall suddenly detaching. The tires were produced on various dates from December of 2022 through April 2023. Continue reading
Posted in customer satisfaction, manufacturing, recalls
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, NHTSA recall 23T007, Open Country and Extensa tire recalls, Toyo Open Country and Toyo Extensa tire recalls, Toyo Tire blowouts, Toyo Tire Holdings of Americas
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China Vehicle Dependability Same in 2023 as 2022
“Although manufacturers regard quality above everything else, some do not pay enough attention to quality after the warranty period,” said Elvis Yang, general manager of auto product practice at J.D. Power China. “However, such problems directly affect owners’ concerns about the long-term dependability and durable quality of their vehicle. Manufacturers need to pay more attention to long-term quality and improve quality management standards.” Continue reading
Toyota Posts FY2024 Q2 Net Income of $18.4 Billion
“We are grateful for the support of many stakeholders, from production to logistics, sales, and services, including suppliers. As a result of selling each car meticulously at prices that match the product appeal refined through Toyota’s ‘making ever-better cars’ initiative, operating income increased from the same period of the previous fiscal year,” Toyota said. Continue reading
Posted in auto news, blog, financial results, manufacturing, marketing, mobility company, news analysis, results
Tagged 7203 Prime of the Tokyo Stock Exchange, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Toyota Motor FY 2024 Q2
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Chinese Vehicle Market Sales Strong in September
“We expect sales to remain strong in the coming years. This month we have again increased our full-year 2023 forecast, this time by 300,000 units, bringing the full-year forecast to 28.9 million units, a year- on-year increase of 8%. However, it should be noted that near-term downside risks exist, mainly from the liquidity crisis in the real estate sector – said to directly and indirectly account for 25% of GDP- declining exports, and high youth unemployment,” said the GlobalData Forecast Team. Continue reading
The Corrupting Influence of Money on US Public Health
“Heavy Vehicle emissions standards recently proposed by the Environmental Protection Agency (EPA) would boost the electrification of trucks and buses, but standards stronger than what EPA proposed are needed to de-carbonize transportation at a pace to prevent catastrophic climate change. While leading utilities are showing that they can help build out the infrastructure at the scale necessary to support the proposed standards, they and their customers will need to invest far more ambitiously to support more robust standards.,” claims Daivie Ghosh, Transportation Senior Research Analyst at the American Council for an Energy-Efficient Economy. Continue reading →