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Category Archives: results
BMW Group Posts Record Revenues, Earnings, Profits for 2021
Deliveries were up 8.4%, to 2,521,514 units, of which 13% were electrified vehicles (328,314 units, +70.4% YOY). Group revenues rose to.€111,239 million (prev. yr.: €98,990 million, +12.4%). Group net profit reached a new all-time high of €12,463 million (prev. yr.: €3,857 million, +223.1%). Continue reading
Mercedes-Benz Vans USA Unveils all-new Sprinter AWD
It’s part of a transition to a fully 4-cylinder lineup for gasoline and, ahem, ultimately doomed diesel engines for model year 2023, creating a “more efficient portfolio.” Continue reading
Stellantis Launches Its First Women’s Resource Group to Increase XX Chromosome Management
Women of Stellantis is Stellantis’ first global business resource group, a result of merging its two corresponding groups from its two former companies – FCA, aka Fiat Chrysler, and Peugeot. Globally, Women of Stellantis represents and supports nearly 3,000 current members and allies in 26 countries. Continue reading
West European Car Sales Flat Before Russian War On Ukraine
Our 2022 PV forecast has become more cautious since last month as supply bottlenecks are expected to be exacerbated from Russia’s invasion of Ukraine and the resulting sanctions. The selling rate is still anticipated to improve over the course of 2022 but at a slower rate than we forecast last month. Aside from the supply disruption, downward pressure is building on underlying demand through inflation and confidence,” LMC warned. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Putin’s War, Ukraine, West European Car Sales
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Tesla Recalls Model S for Bad Side Curtain Airbags
This results in an airbag that did not meet specifications. The replacement airbag was assembled with an inflator with a correct number of components that meet specifications whereas the recalled airbag was assembled with an inflator with an additional component that did not meet specifications. Continue reading
University of Michigan, Ford – EV Greenhouse Gas Reductions Greater than Others. Pickups Best Over Their Life Cycle?
“This is an important study to inform and encourage climate action. Our research clearly shows substantial greenhouse gas emission reductions that can be achieved from transitioning to electrified powertrains across all vehicle classes,” said study senior author Greg Keoleian, a professor at the U-M School for Environment and Sustainability and director of the U-M Center for Sustainable Systems. Continue reading
US Vehicle Sales Weakest Since 2011 – Drop 12% in February
The annualized selling rate, aka SAAR, of 14.0 million units declined in both the monthly and annual comparisons. However, the February SAAR was still 1 million higher than the average rate during the second half of 2021. With the same number of selling days as in January, February’s daily average grew by ~2,000 units/day, to 43,600 units/day – it has floated above the 40,000-unit threshold since November 2021 after President Biden was elected and a recovery from the economic reverses and job losses from the Trump Administration began. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Biden Recovery, February vehicles sales, Ken Zino, lmc automotive, saar
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Ukraine – Commerce Puts Restrictions on Exports to Russia
The export control measures are the most comprehensive application of Commerce’s export authorities on U.S. items, including technology, as well as on foreign items produced using U.S. equipment, software, and blueprints, targeting a single nation. These were implemented with the cooperation of the United States, the European Union (EU), Japan, Australia, United Kingdom, Canada, and New Zealand. More nations are expected to align their export control policies and requirements with todays actions. “If necessary, based upon any subsequent destabilizing actions by Russia, the U.S. government will follow up in the days to come with additional stringent economic measures,” Commerce said. Continue reading
Stellantis Claims Record First Year with €13.4B Net Profit
“Today’s record results prove that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments,” said Carlos Tavares, CEO. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed.com, carlos tavares, Ken Zino
1 Comment
Global Light Vehicle Sales Improved in January 2022
Nonetheless, LMC noted that supply chain issues remain the “key headwind for demand, though last month also saw the rapid spread of Omicron deal a blow to some potential market activity. Reports of an improving supply environment in some markets, including China, means the worst of the crisis is likely over, it remains the key headwind to sales during 2022, overshadowing concerns over inflation and a more subdued economic outlook.” Continue reading
Whither Diesel? – Viable Fuel or Blah, Blah, Blah…
At first this seems more blah, blah, blah around doing something about Global Warming and extreme, deadly weather caused by burning fossil fuels. However, both had reasoned observations backed by data for what turned out to be a rarity in our poisoned political climate of resentments and wanton constitutional destruction that is burning far hotter – way beyond any inferno caused by CO2. Continue reading
NHTSA – Consumer Alert for Pacifica Plug-In Hybrid Fires
The potentially affected van production began on August 12, 2016, when production of Chrysler Pacifica PHEVs began, and ended on August 7, 2018, when 2018 MY production ended. The suspect population was determined using vehicle manufacturing records. Similar vehicles not included in this recall are not PHEVs or were built after the suspect vehicle production period. Continue reading
Mercedes-Benz Group Posts Some Strong 2021 Results
However, the Mercedes-Benz Cars & Vans segment has exceeded the guidance range of 10-12% and now expects an adjusted Return on Sales of 12.7% in the full year. Despite the ongoing semiconductor shortages, during Q4 Mercedes-Benz Cars & Vans showed an adjusted Return on Sales of 15.0%, driven by high net pricing, good product mix and favorable used car performance. The strong profitability of the car business also translated into a solid industrial free cash flow exceeding the company guidance.
BMW Takes Majority Share in Chinese JV Brilliance Automotive
BMW Group now holds 75% of the shares in BBA, while its Chinese partner, Brilliance China Automotive Holdings Ltd., indirectly holds the remaining 25%. Last year, a total of 846,237 BMW Group vehicles were delivered to customers in the Chinese market (+8.9% compared to 2020). In 2021, BBA produced more than 700,000 BMW vehicles, with around 23,000 employees. Continue reading
Ford to Sell 600k EVs Annually in Europe by 2026?
“It’s also about the pressing need for greater care of our planet, making a positive contribution to society and reducing emissions in line with the Paris Climate Agreement,” said Stuart Rowley, chair, Ford of Europe. Ford – like virtually all automakers with similar pledges – wants to achieve zero emissions for all its vehicle sales and carbon neutrality across its European footprint of facilities, logistics and suppliers by 2035, it said today. Continue reading →