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Consumer Rights Nil in New Autonomous Vehicle Bills?
The Center for Auto Safety says one of the proposals, the SELF DRIVE Act, “neglects to include any consumer protections that prevent the use of binding arbitration clauses in contracts involving autonomous vehicles.” As is common in Washington the legislation is misleadingly named. However, there is a need to explore the issue as there are arguments on many aspects of technology and systems that can save lives and reduce traffic congestion even though AutoInformed remains skeptical about the ability of politicians to do so with a regard for We the People as opposed to We the Congress who are paid large sums by corporate interests. Continue reading
Posted in AutoInformed Editorial, autonomous cars, autonomous vehicles, connected vehicles, customer satisfaction, litigation, mobility company, news analysis, public health, safety
Tagged auto industry commentary, autoinformed.com, AV Bill of Rights, Bob Latta, Center for Auto Safety, Debbie Dingell, Ken Zino, SELF DRIVE Act
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Milestones – 40M Engines Built at Nissan Yokohama Plant
The Nissan Yokohama Plant has built 40 million engines in the same year Nissan celebrates its 90th anniversary. Yokohama opened in 1935, two years after Nissan’s founding. It built its 10 millionth engine in 1976, its 20 millionth in 1986 and its 30 millionth in 1997. With the launch of the all-electric LEAF in 2010, the plant has also been producing electric motors, including those for e-POWER vehicles such as the Nissan Note. During the Japanese fiscal year 2022, motors accounted for approximately 40% of Yokohama Plant’s production. Continue reading
Penske Automotive Group Ups Dividend Again
“We are pleased to provide an increase in the cash dividend to our shareholders,” said Penske Automotive Group President, Robert Kurnick, Jr. “Continued strong cash flow, a healthy balance sheet, and the strength of our operations enables us to increase the dividend and reward our shareholders.” Continue reading
EU – EVs Outsell Diesel Cars for First Time
Perhaps more significant though is that battery electric vehicles took a 15.1% market share, outselling tax-favored diesel vehicles. Hybrid-electric cars remained the second-most popular choice among new car buyers, representing 24.3% of the market. Gasoline fueled cars retained the largest share, accounting for 36.3%. Continue reading
Alfa Romeo and Dodge Top Maker Website Satisfaction Study
“Website satisfaction can be volatile and automotive websites are not immune to changing preferences,” said Jon Sundberg, director of digital solutions at J.D. Power. “However, manufacturers have shown to be very agile when it comes to website design and ensuring their sites meet modern standards, more so than many other industries, as exemplified through the study data.” Continue reading
Global Light Vehicle Sales at 7.9M Up Again in June
“For a second consecutive month, US light vehicles sales registered 1.4 million units (+20% YoY) as OEMs saw improved vehicle production levels following the easing of supply chain issues. China had the strongest month of the year so far, with a selling rate of 33 million units/year. All major West European countries reported positive YoY growth as their markets continue to recover from the market headwinds in 2022,” according to the Global Light Vehicle Sales Forecasting Team. Continue reading
Mercedes-Benz NA adding Tesla Supercharger Network
Mercedes-Benz said today that drivers can use Tesla Superchargers in North America starting in 2024, in an attempt to expand electric vehicle sales appeal by providing full access to all major charging networks. The move follows other major automakers already in the process of plugging in to the network – Ford and GM – since there are more than 12,000 Tesla Superchargers across North America right now. Mercedes-Benz will be the first German automaker to implement the so-called NACS ports into its new electric vehicles starting in 2025 as part o an attempt to have one universal charging system hookup. Continue reading
June 2023 US Light Vehicle Sales Up Significantly
The first half of 2023 has US LV sales estimated to have increased by 13.1% YoY, to 7.68 million units as the Biden Administration recovery continues. Continue reading
Fourth of July 2023 – Reject Despots and Their Institutions
Today we remember 1776 when 13 colonies embarked on a notable experiment in self-governance as an independent, autonomous nation because the course of human events made it necessary to separate ourselves from our unjust rulers. That foundation led to an immense and thus far enduring enterprise in self-governance. The colonies had but 2.5 million people at that time of English and other ancestry. Small numbers in today’s world, but they were people with far bigger aspirations, following far, far larger ideas. Continue reading
Ford Recalls 2019-2020 Fusion PHEVs for Fires
Ford Motor Company (Ford) is recalling 2019-2020 Fusion Plug In Hybrid (PHEV) vehicles because the battery energy control module (BECM) may become damaged resulting in sudden loss of power or fires This is according to the National Highway Traffic Safety … Continue reading
EV Battery Gold Rush – GM and Element 25
General Motors (NYSE: GM) and Element 25 (ASX: E25) announced today in Detroit and Perth, Australia an agreement for Element 25 to supply up to 32,500 metric tons of manganese sulfate annually to support the annual production of more than … Continue reading
June US New-Vehicle Sales Forecast Up Again
“The 2023 theme of strong sales growth, enabled by increased vehicle production and pent-up demand, is continuing in June. On a volume basis, June year-to-date total sales will be just more than 7.6 million units – an increase of 13.6% – but still below pre-pandemic sales levels which were north of 8 million, said Thomas King, president of the data and analytics division at J.D. Power, which is part of GlobalData. Continue reading
Fasten Your Safety Belt – Quality Problems at Record High
New vehicles are becoming more problematic with the number of problems per 100 vehicles (PP100) rising to a record 30 PP100 during the past two years, according to the J.D. Power 2023 U.S. Initial Quality StudySM (IQS) released today. Power … Continue reading
Tesla – Solid Q2 with Higher Production and Lower Prices but…
During Q2 2023 Tesla (NASDAQ: TSLA) made ~480,000 vehicles and delivered more than 466,000, the highest to date. As a result, Q2-2023 looked solid with Tesla setting its production and deliveries among its top five quarters. The result was revenue approaching $25B in a single quarter. Net revenue was $2.7 billion. However, analysts remain skeptical about what many of them say is a greatly overvalued stock that pays no dividends. During the past year a share of TSLA stock has ranged from ~$102 to $315. It’s currently trading ~$260. (AutoInformed: Ford Cuts F-150 Lightning Prices by $6000 to $10,000) Continue reading →