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Category Archives: results
Tesla Recalls Half of 2021-22 Model Xs for Bad Airbags
As such, these vehicles with a major safety defect fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 226, “Ejection Mitigation.” All of the more than 7000 unsafe vehicles involved remain covered under the new vehicle warranty. Continue reading
Posted in customer satisfaction, recalls, safety
Tagged auto industry commentary, autoinformed.com, Ken Zino, nhtsa, Tesla Recalls
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First All-Female Minor Hockey Team Are Season Champions
The team will donate the $100,000 grand prize provided by Chevrolet Canada to Inclusion Lloydminster. The donation will be used to create better accessibility in their new local rinks allowing more community members of varying abilities to play, volunteer and access the ice. Continue reading
Court Upholds EPA on Imports from Chinese Vehicle Makers
Moreover the District Court also affirmed the $1,601,150 civil penalty assessed by the Administrative Law Judge. The challenge was brought by Taotao USA, Inc, Taotao Group Co., Ltd., and Jinyun County Xiangyuan Industry Co., Ltd. (plaintiffs). Continue reading
Ford Recalls F-150 Pickups for Sudden Shifting into Neutral
Ford Motor Company (NYSE:F) is recalling 47,084 model year 2021 F-150 vehicles for shifting into neutral without warning. Affected vehicles are equipped with 3.5L GTDI, 2.7L and 5.0L engines, 10R80 transmissions and not equipped with Auto Start-Stop technology built between … Continue reading
March European Sales Plummet – Supply, Pandemic, War
“Our forecast has been trimmed since last month as registration statistics continue to languish in the face of supply bottlenecks, these exacerbated due to the war. We still anticipate selling rates to improve over the course of 2022 but now at a slower rate than forecast last month. The war will chip away at underlying demand as well, through higher-for-longer inflation and lower real incomes, though our view is that the initial impact on registrations will be felt through a worsening of supply constraints, as, at least for now, demand is still outstripping supply,” LMC said. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive
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EPA: Bans Asbestos – First Under Chemical Safety Act
The proposed rule would ban chrysotile asbestos, the only known form of asbestos that’s currently imported into the U.S., which is found in products such as asbestos diaphragms, sheet gaskets, brake blocks, aftermarket automotive brakes/linings, other vehicle friction products, and other gaskets also imported into the U.S. Most consumer products that historically contained chrysotile asbestos have been discontinued. Continue reading
EPA Fines Iowa, Missouri Sellers of Auto ‘Defeat Devices’
The U.S. Environmental Protection Agency said today it will collect civil penalties from two companies that allegedly sold illegal “defeat devices” that are designed to make automobile emission controls inoperative, in violation of the federal Clean Air Act. Baillie Diesel … Continue reading
Ford Motor Q1 and March Sales off -17% and -26%. Cars Dying
“While the global semiconductor chip shortage continues to create challenges, we saw improvement in March sales, as in-transit inventory improved 74% over February,” said Andrew Frick, vice president, Sales, Distribution & Trucks. “Our newest products continue to turn at a record pace, as Bronco (truck), Bronco Sport (truck), Mustang Mach-E (EV) and Maverick (truck) had their best combined sales performance yet, with 33,398 vehicles sold.” Doing the math, this doesn’t come close to the ~89,000 deficit in sales. No wonder here that Ford no longer does sales calls for media. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Ford US sales declines, Ken Zino
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Stellantis Consolidates Financial Services for All Brands
All these are supporting Stellantis’ desire to develop a full-service captive finance arm. To provide customers, dealers and partners with a complete range of financing options in the near-to-medium term, including retail loans, leases, and floorplan financing. Continue reading
NA Q1 Light Vehicle Sales Rate at 14.1M, -2.7M YoY
According to GM Chief Economist Elaine Buckberg, industry light vehicle volumes will grow this year and top 2021 levels, thanks to a strong labor market, higher vehicle production and pent-up demand. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Q1 2022 US and North America Sales.
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Ford Issues 2022 Integrated Sustainability and Financial Report
The problem with all such reports is that saying something doesn’t mean that other areas of the company are actually supporting the stated goals. “Combining sustainability and financial performance in a single report,” Ford said, “is significant.” Well, given this, Ford has actively opposed attempts by stockholders at the last few annual meetings to reveal its PAC contributions. Is Ford dispensing shareholder money to politicians or companies that are actively opposed to its stated goals? Given the vast complexity of Ford’s, Democracies’ and the globe’s survival threats, it’s a key measurable in AutoInformed’s view. Continue reading
Genesis Opens First US Standalone Retail Store
Genesis of Lafayette is the first of many planned retail facilities for the brand in the United States. Six more locations are currently under construction with an additional twenty in early planning stages. Genesis of Lafayette is owned and operated by dealer principal Arthur C. LeBlanc Jr. and Sterling Automotive Group. Customers can book an at-home test drive online, and delivery of their new vehicle at their residence or place of business. Continue reading
Chinese Hyper EV – the Lotus Eletre SUV Debuts
“The Eletre, our Hyper-SUV, is a new performance car from an iconic performance car brand and it will appeal to independent-minded and adventurous driving enthusiasts -those who love the thrill of driving. It is a unique combination of beautiful design, exceptional dynamic performance and everyday usability, for those who dare to look beyond the conventional, and marks a turning point for our business and brand,” claimed Qingfeng Feng, CEO, Group Lotus. Continue reading
EPA Publishes Plan to Achieve Biden-Harris Priorities
Ruckelshaus was appointed by President Nixon when the agency was created in 1970 and Republicans cared about the environment. Among his many accomplishments was the banning of the deadly pesticide DDT. Ruckelshaus, resigned as deputy attorney general rather than institute President Richard M. Nixon’s illegal order to fire the independent special Watergate prosecutor Archibald Cox in the constitutional crisis of 1973 dubbed the “Saturday Night Massacre.” Only a small, but significant number of Republicans have had the courage to do so under the ousted-by-legal-voters, treasonous Trump Administration whose still ongoing constitutional crisis’ and corruption scandals have now implicated the Supreme Court Justice Clarence Thomas, whose wife was calling for the overthrow of the duly elected government. Continue reading
EU Registrations: Q1 -12.3%, March -20.5%
The ongoing supply chain interruptions, further exacerbated by Russia’s invasion of Ukraine, negatively affected car production. As a result, most countries in the region recorded double-digit drops in sales, including the four key markets: Spain (-30.2%), Italy (-29.7%), France (-19.5%) and Germany (-17.5%). This compares to Passenger car registrations: -6.4% first two months of 2022; -6.7% in February, which means the trend line is increasingly negative. Continue reading →