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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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EPA Approves New California Heavy-Duty Emissions Standards
In this latest victory for environmentalists, CARB requested two waivers for regulations relating to heavy duty vehicles and diesel engines. After reviewing the technical information provided by CARB, reviewing comments submitted by the public, and applying the limited authority for review under section 209 of the Clean Air Act, EPA said it was “appropriate” to grant the waiver and authorization requests. Continue reading
Chinese Vehicle Sales Still Slumping
However, the cumulative LV production from January to February in the world’s largest market, fell by -14% YoY. At the component level, passenger vehicle production in February increased by 12% YoY while cumulative PV production to February decreased by 14% YoY, the same as the decrease in LV overall. Light Commercial Vehicle output at 255,000 was up 9% YoY. but down by -17% YTD. The February selling rate was 21 million units/year, down 11% from a weak January, and the lowest rate since the Shanghai lockdown of April 2022. In YoY terms, however, sales (i.e., wholesales) increased by 14.3% against a low base, due to the timing of the Chinese New Year, said LMC. Continue reading
J.D. Power and Motorq to Monitor EV Battery Health
Yes, your vehicle will be monitored. Clearly, privacy issues will have to be worked out. J.D. Power and Motorq, a connected vehicle analytics company, will use thousands of measurements taken from the vehicle over time to assess how an individual EV battery is performing. The two companies are in active discussions with vehicle manufacturers and other industry participants to bring empirical EV battery health to the market. Continue reading
Mazda Adding Renewable Solar Power to Japanese Plants
Japan’s Ministry of Economy, Trade and Industry (MITI) provides subsidies to cover a portion of the expense of installing solar power generation facilities in cases where consumers of electric power coordinated with an electric power producer to establish such facilities. “These subsidies are intended to promote such collaborations and encourage wider adoption of independent initiatives to establish renewable energy sources, contributing to a reliable, long-term, supply-demand balance in energy use during the period up until 2030, thereby supporting the achievement of ambitious targets for the reduction of greenhouse gas emissions.” Continue reading
Posted in energy, environment, fuel economy or emissions, global warming, manufacturing, milestones, mobility company, transportation
Tagged auto industry commentary, autoinformed.com, Choshu Industry, Hironaka Taketo, Ken Zino, Mazda Motor Corporation, Power Purchase Agreement, The Chugoku Electric Power, Toyo Seat
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Kia EV9 Joins the Three-Row SUV Parade
“The Kia EV9 transcends all aspects of traditional SUV thinking and represents the pinnacle of Kia’s design and engineering capabilities. Created to meet the needs of all family members, the EV9 also spearheads Kia’s rapid transition to a sustainable mobility solutions provider, not just by its advanced EV architecture, but also through the numerous recycled and sustainable materials used in its creation,” said Ho Sung Song, President and CEO. Continue reading
Cordless EV w 400 Mile Range – 2023 Toyota Mirai Fuel Cell
At its heart, Mirai remains a breakthrough fuel-cell electric vehicle where the driver fills the tank with compressed hydrogen gas rather than liquid gasoline. It was derived from the Lexus LS 400 platform (rear-wheel drive – RWD-GA-L). A FCEV, of course, generates its own electricity onboard from hydrogen, with water as the only emission. A fuel cell system combines stored hydrogen with oxygen from the air, and a chemical reaction that produces electric current, and water, which drops out of a vent pipe beneath the Mirai. Continue reading
Posted in alternative fuels, connected vehicles, electric vehicles, engineering, environment, fuel economy or emissions, global warming, marketing
Tagged 2023 Toyota Mirai, auto industry commentary, autoinformed.com, fcev, fuel cell electric vehicles, Ken Zino, Sir William Robert Grove
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NHTSA Prompts Expansion of Hyundai, Kia Fire Recall
Hyundai Motor America and Kia America have issued expanded recalls for unexpected fires on more than 570,000 vehicles. The Korean companies are urging owners to park their vehicles outside and away from homes and other structures until the recall fix is applied, The National Highway Traffic Safety Administration said today in a rare “critical recall alert,” the second one for this life-threatening safety defect. This safety recall is a direct result of NHTSA’s monitoring of recall NHTSA 22V-633, NHTSA said. Continue reading
March US Auto Sales Forecast Up. Q1 to Set Spending Record
“March is shaping up to be yet another positive month for the industry. With retail sales forecasted to be up nearly 2%, along with average transaction prices tracking up 3.5%, consumers are on pace to spend nearly $50 billion this month, an increase of 5.5% from what they spent on new vehicles a year ago,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading
Ford Motor New Financial Reporting – Billions in EV Losses
Part of today’s presentation showed Ford’s nascent electric vehicle venture – Ford Model e – lost $3 billion before taxes during 2021 and 2022. More such losses are coming in the near term. Helping stem the tide of red ink, Ford Blue – its traditional internal combustion business – is forecast to post a $7 billion pretax profit in 2023, marginally better than last year. Ford Pro is forecast to earn $6 billion before taxes, almost double 2022 earnings. Other business units include corporate, Ford Credit and Ford Next, dubbed a new business incubator. 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 →