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Category Archives: results
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
Stellantis Posts Q3 Sales Up 37%. Pre-Tax Profit €3B
Stellantis* today posted a pre-tax operating profit of €3 billion. The company that is partly comprised of Jeep, Dodge Jeep and Ram said the strikes cost it around €750 million. However the strikes – characterized as “work stoppages”- resulted in … Continue reading
Posted in economy, financial results, manufacturing, marketing, news analysis, results
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, chrysler, Controlled Thermal Resources, Dodge Fiat, fca, Jeep and Ram, Ken Zino, Natalie Knight, Stellantis Q3 2023 results, STLA
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Unifor Stellantis Agreement Good for All Workers in Transition
“After a short strike throughout the night Unifor has reached now a tentative agreement with Stellantis. The deal came about around 7:00 AM this morning, after bargaining throughout the night. And yes, as you can tell all of those here are tired, but also very, very proud of the work that we’ve done for Canadian auto workers. ” said Unifor National President Lana Payne said late this afternoon at a hotel in Toronto. Continue reading
Posted in auto news, AutoInformed Editorial, customer satisfaction, economy, environment, labor issues, manufacturing, milestones, mobility company, news analysis, people, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, economy, James Stewart, Ken Zino, labor issues, Lana Payne, manufacturing, milestones, Mobility Company, news analysis, Unifor Stellantis 2023 contract agreement.
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Unifor and Stellantis Have Tentative Contract in Canada
“I am proud of our members at every Stellantis facility for their quick and decisive action during this brief and effective strike action,” said Unifor National President Lana Payne. “This agreement will considerably improve the living standards of every Unifor member at Stellantis.” Continue reading
CARB Expands Community Air Protection Program
“Blueprint 2.0 is an example of equity-driven innovation that puts a spotlight on the environmental challenges that overburdened communities face and engages residents so that solutions are informed by their priorities and needs,” said CARB Chair Liane Randolph. “With today’s vote, we expanded the tools that residents have to work toward cleaner air and healthier communities.” Continue reading
Posted in environment, fuel economy or emissions, global warming, milestones, public health
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carb, Community Air Protection Program, Death of the diesel, Ken Zino, Liane Randolph, The California Air Resources Board
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Stellantis Invests in Chinese Leapmotor to Expand EV Sales
“As consolidation unfolds among the capable electric vehicles start-ups in China, it becomes increasingly apparent that a handful of efficient and agile new generation EV players, like Leapmotor, will come to dominate the mainstream segments in China,” said Stellantis CEO Carlos Tavares. Continue reading
Posted in electric vehicles, manufacturing, milestones, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Dare Forward, Ken Zino, Leapmotor, Zhejiang Leapmotor Technologies Ltd, Zhu Jiangming
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Ford Motor 2023 Q3 Net income $1.2 Billion
“I’m very optimistic about the reality we’re creating with Ford+,” said President and CEO Jim Farley. “We’re building a more dynamic, highly talented and customer-focused company at the intersection of great vehicles, iconic brands, innovative software and high-value services.
“We’re also radically changing how we work with a series of actions that put the right people with the right capabilities in the right places across the organization, so that our promise isn’t masked by cost and quality issues,” Farley claimed. Continue reading
Consumer Spending Spree – October US Auto Sales
Total US new-vehicle sales during October 2023 are forecast to reach 1,201,800, a 6.6% increase from October 2022, according to numbers just released by J.D. Power and GlobalData.* The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.5 million units, up 0.9 million units from October 2022. Retail buyers are on pace to spend $43.7 billion on new vehicles, up $0.3 billion from October 2022. Continue reading
Ford Reaches UAW Contract Agreement If Members Vote Yes
“We are pleased to have reached a tentative agreement on a new labor contract with the UAW covering our U.S. operations,” said Ford CEO and President Jim Farley at 8:43 pm tonight in a Dearborn issued statement.
The agreement, of course is subject is dependent on ratification by Ford’s UAW-represented employees. Continue reading
Posted in economy, labor issues, manufacturing, milestones, mobility company, people, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, big three 2023 uaw contract negotiations, Jim Farley, Ken Zino, Shawn fain, stand up strike, uaw, UAW Vice President Chuck Browning, Walter Reuther
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Zero-Emissions Truck Sales Soar in California
“The report makes several important points: users are interested in adopting zero-emissions technology; several manufacturers are stepping up to meet that market interest; and the flexibility that we built in to allow for a phased-in transition toward a zero-emissions future is working,” said Dr. Steven Cliff, CARB’s Executive Officer. “Helping the businesses that rely on trucks to transport goods across the state switch to zero emissions is key to achieving a clean air future, and the data show that progress is well underway.” Continue reading
Posted in economy, environment, fuel economy or emissions, global warming, public health
Tagged Advanced Clean Trucks, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, California Air Resources Board, Dr. Steven Cliff, greenhouse gas emissions, Ken Zino, nitrogen oxide emissions, zero-emissions medium- and heavy-duty vehicles
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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 →