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EPA Wants Toughest Federal Emission Standards Ever
Thus far automakers are not commenting in public with details. AutoInformed suggests that this is likely due to the complexity of the problem and backroom lobbying by special interests groups and affected companies or international automotive groups with complex regulatory environments, so to speak, in various areas.
However, the European Union, Britain and Canada have at present enacted similar vehicle emissions standards designed to phase out the sale of new gasoline-powered vehicles by ~2035 while transitioning to electric vehicles. Continue reading
Posted in economy, electric vehicles, environment, fuel economy or emissions, global warming, milestones, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, Biden-Harris Administration, carb, carbon footprint, climate change, co2, Death of the diesel, global warming, greenhouse gases, Ken Zino, Michael S. Regan, The American Council for an Energy-Efficient Economy
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Land Speed Record Breaker Craig Breedlove Passes at 86
Norman Craig Breedlove Sr. passed away yesterday, the Specialty Equipment Manufacturers Association said today in SEMA news update. Breedlove was elected into the Motorsports Hall of Fame of America (1993), Dry Lakes Racing Hall of Fame (1995), International Motorsports Hall of Fame (2000) and the Automotive Hall of Fame (2009). He also earned life membership in the Bonneville 200 MPH Club (1963). Continue reading
First Look – 2023 Toyota Corolla Cross Hybrid
Cross Hybrid debuts the Fifth Generation of the Toyota Hybrid System with increased performance and efficiency. In a bow to America’s large appetite for cross-overs and trucks, it comes only in all-wheel drive as a version of the so-called TNGA-C platform. It also a higher sight-lines, and higher prices ranging approximately from more than $30,000 to more than $35,000. The non-hybrid version starts at ~$25,000. Continue reading
FAA Grants $19M for University Research on Noise Reduction
“Research is the gateway to breakthroughs. With the best minds, we can reduce noise and fly with net-zero emissions by 2050,” said Acting FAA Administrator Billy Nolen. Continue reading
Toyota, Huntsville Utilities Announce 168-acre Solar Plan
The solar project is expected to generate 62,000 megawatt hours annually, reducing ~22,000 metric tons of CO2 emissions per year. That’s enough solar energy to power more than 5600 U.S. homes. This project is the latest step towards achieving Toyota’s goal of achieving carbon neutrality in its operations by 2035. The solar facility is scheduled to begin generating solar energy in summer of 2024. Continue reading
Bosch to Build First Automated Battery Recycling Plant
The Bosch Group estimates that electric vehicles will comprise ~70% of all newly registered passenger cars in Europe by 2030. This is increasing demand for batteries and for the recycling of the raw materials they contain, such as lithium, cobalt, … Continue reading
GM Defense Gets US Army OK for Infantry Squad Vehicle
“We do not anticipate changes in production volume through September 2023,” said a GM Defense spokesperson. “Achieving full rate production affirms the engineering and manufacturing processes that support the Infantry Squad Vehicle are meeting our U.S. Army customer needs and that production can be scaled to meet increased demand in the future. This important milestone adds credibility to the ISV program and validates our continued efforts to successfully deliver advanced commercial technologies to soldiers.” Continue reading
March 2023 Western EU Passenger Vehicle Sales at 10.9M
All of the five largest Western European countries posted strong YoY growth in registrations. However, this was largely because 2022 provides a weak base of comparison, along with some easing of supply side challenges, aiding the pace of vehicle registrations LMC noted. Continue reading
Volkswagen Recall for Bad Atlas Front-Passenger Airbags
Volkswagen Group of America is recalling more than 143,000 2018-2021 model year Atlas and 2020 Atlas Cross Sport vehicles because the passenger occupant detection system (PODS) may have a fault in the wiring and deactivate the front passenger air bag when the seat is occupied. According to the required filing, which the National Highway Traffic Safety Administration made public today, owners are advised not to use the front-passenger seat until the recall has been completed.
At this time, however, the repair that will be required is unknown by Volkswagen. The remedy is currently under development. Interim letters notifying owners of the safety risk are expected to be mailed 26 May 2023. Owners will receive a second notice once the remedy becomes available. Continue reading
Ford Motor Q1 2023 US Sales Up 10%
Ford Motor’s (NYSE: F) overall vehicle sales – Ford Blue, Ford Pro, Model e and Lincoln – totaled 475,906, up 10.% with estimated share up over a year ago, the Dearborn based automaker said this morning. Sales increased in the usual areas across Ford’s strengths, including trucks (up 19.6%); three-row SUVs (up 47.6%); Bronco brand (up 18.3%); Ford Pro Transit van (up 86%); Mustang (up 5.2%) and electric vehicles (up 41%) on a year-over-year basis, which given last year’s dismal performance increased the percentage gains markedly. Continue reading
Stellantis Simplifies European Financing and Leasing Services
“Today marks the birth of Stellantis Financial Services, a major player in European automotive financing, and of the new consolidated Leasys,” said Philippe de Rovira, Stellantis Chief Affiliates Officer. “This simplification allows for superior agility to serve our customers, better support of the commercialization across Stellantis brands**, and strengthened competitiveness by leveraging various synergies.” Continue reading
Toyota Motor North American Sales in March and Q1 Drop 9%
“With 22 electrified vehicle options between both the Toyota and Lexus brands, the most among any automaker, we’re giving customers a choice that fits their lifestyle, pocketbook and needs,” said Jack Hollis, executive vice president, sales, TMNA. “We continue to make improvements to our vehicle inventory to satisfy customer demand, while doing all we can to exceed expectations as we introduce more electrified vehicles throughout the balance of 2023,” Hollis said. He did not address the disconnect between a growing overall market and TMNA’s decline. Continue reading
Posted in economy, marketing, sales
Tagged auto industry commentary, autoinformed.com, Jack Hollis, Ken Zino, TMNA
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GM Q1 2023 US Sales Increase 18% as Trucks and SUVs Lead
General Motors Co. (NYSE: GM) and its dealers delivered 603,208 vehicles during Q1 in the US. This is an 18% increase during the first quarter of 2023 compared year-over-year. GM also estimated that its market share increased by 1.5 percentage points, which would be the largest increase of any automaker. Complete competitive data won’t be available until later this week. GM sold 270,376 full-size and mid-size pickup trucks and full-size SUVs during Q1. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, GM US sales q1 2023, Ken Zino, Steve Carlisle
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Stellantis Shareholders Approve €4.2 Billion Dividend
The proposed distribution means a payment to the holders of common shares of €1.34 per outstanding common share. Shareholders holding common shares traded on the NYSE will receive $1.463548 per common share based on the official USD/EUR exchange rate reported by the European Central Bank on 12 April 2023. Continue reading →