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Category Archives: results
May US Light Vehicles Sales Forecast Up 20%
“The industry is positioned for another strong month in May as retail sales are estimated to surge 9.6% from a year ago. This positive performance is complemented by a projected 0.7% increase in average transaction prices. As a result, it is anticipated that consumers will spend nearly $47 billion on the purchase of new vehicles in May, showcasing a significant 13% growth from a year ago,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed.com, GlobalData, j.d power, Jeff Schuster, Ken Zino, lmc automotive, Thomas King
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First Look – BMW 5 Series – Generation Eight
BMW today revealed the new 5 Series, which for the first time ever will have a fully electric version. One of the most enduring and popular mid-size sports luxury sedans, more than 10 million have been assembled since its 1972 … Continue reading
US Dot – Airline Cancellations Below 2%
However, DOT is currently investigating several domestic airlines to ensure that they are not engaging in unrealistic scheduling of flights. Gaming the system is possible, perhaps likely, because last year, DOT issued the largest fines in the history of the consumer protection office, thereby helping hundreds of thousands of air travelers get hundreds of millions of dollars back. Since 2021, DOT says it has helped return more than $1 billion in refunds to travelers. Continue reading
EPA – As Economy Grows Key Pollutants are Declining
Air pollution contains gas and particle contaminants that are present in the atmosphere. Gaseous pollutants include sulfur dioxide (SO2), oxides of nitrogen (NOx), ozone (O3), carbon monoxide (CO), volatile organic compounds (VOCs), and certain toxic air pollutants. Particle pollution (PM2.5 and PM10) includes a mixture of compounds that EPA groups into five major categories: sulfate, nitrate, elemental (black) carbon, organic carbon and crustal material. Continue reading
BMW North America Recalls Mini Models for Short Circuits
BMW of North America is conducting a regional recall of 2008-2014 MINI Clubman Cooper, Clubman Cooper S, Clubman John Cooper Works, and 2007-2013 MINI Hardtop 2-Door Cooper, Cooper S, and John Cooper Works vehicles.The electronic control module in the driver’s … Continue reading
ChargeX Consortium to Improve EV Charging Announced by the US Department of Energy National Laboratories
During the next two years, the national labs will collaborate with industry to measure and identify opportunities to significantly improve the customer experience with public EV charging infrastructure in the United States. The consortium sets a goal that public charging stations nationwide will provide a charge to vehicles the first time, every time. This new, clearly aspirational, goal is not enforceable. However, it complements federal requirements of greater than 97% uptime to ensure that each customer can successfully and easily charge at public charging stations. Continue reading
US and Canada Announce Bi-National EV Charging Corridor
The new EV corridor will run from Kalamazoo, Michigan to Quebec City, Quebec using part of the ~75,000 miles of Alternative Fuel Corridors in the United States. The Corridor will have DC fast chargers every ~50 miles or 80 kilometers. Continue reading
Posted in electric vehicles, global warming, milestones, shows and events
Tagged auto industry commentary, autoinformed.com, Bill Baisden, Canadian Minister of Transport Omar Alghabra, IBEW Local 58, Ken Zino, Michigan Governor Gretchen Whitmer, Transportation Secretary Pete Buttigieg
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Global Light Vehicle Sales Soar in April 2023
Numerous national or regional markets have advanced from an easing of supply constraints, with overall YoY growth of 25%. China, the world’s largest auto market remains problematic. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive
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Stellantis Buys Share of Symbio for Fuel Cell Technology
“Acquiring an equal stake in Symbio will bolster our leadership position in hydrogen-powered vehicles by supporting our fuel cell van production in France, and it also serves as a perfect complement to our growing battery electric vehicle portfolio,” said Carlos Tavares, Stellantis CEO. Continue reading
Ford Expanding Explorer SUV Roll-away Recall
The previous powertrain control module (PCM) update completed under recall 22V-255 did not include what is described as “the automatic electronic parking brake feature when the vehicle is shifted to park, as intended.” In addition, the rear axle horizontal mounting bolt may fracture and cause the driveshaft to disconnect. Continue reading
Mazda Motor Posts Improving FY 2203 Financial Results
“Under these conditions, the Mazda Group steadily improved its profit base by implementing group-wide initiatives to improve per-unit profit, curb costs, reduce marketing expenses, improve fixed cost efficiency, and redesign components to expand the use of general-purpose semiconductors as a means of mitigating semiconductor shortages.,” Mazda said. Continue reading
Penske Automotive Ups Dividend, Will Buyback More Shares
“Based on the strength of the Company’s performance and continued strong cash flow, we are pleased to provide our shareholders with an increase in the cash dividend, and we remain poised to return value to shareholders through additional securities repurchase authority as market conditions and other considerations warrant,” said Penske Automotive Group President, Robert Kurnick, Jr. Continue reading
Ford EV Customers to Get Access to Tesla Superchargers
“We’ve spent the last 10 years building an industry-leading Charging Network that enables freedom to travel and provides charging confidence for our Tesla owners. We’re excited to deliver on our mission to accelerate the world’s transition to sustainable energy by welcoming Ford owners, and other electric vehicles who adopt NACS, to our thousands of Superchargers across North America,” said Rebecca Tinucci, Tesla’s senior director of charging infrastructure. Continue reading →