Category Archives: shows and events

Toyota Slashes 2025 Electric Vehicle Prices $6000

Posted on 17 December 2024 by Ken Zino

Toyota said today in Plano Texas that the Manufacturer’s Suggested Retail Price* (MSRP) for the 2025 bZ4X is $6000 lower for the XLE grade and $5380 lower for the Limited grade.** The 2025 bZ4X also adds a new Nightshade edition, making it the first-ever Toyota Nightshade BEV. There is more standard driver assistance technology on the Limited grade, including Traffic Jam Assist, Lane Change Assist, and Front Cross Traffic Alert.

“For drivers thinking about going all electric, the Toyota bZ4X just made the choice even easier,” Toyota said. “With a smooth, quiet ride, and an EPA estimated range rating of up to 252 miles on FWD models, the bZ4X is a great value for drivers that want a BEV from a trusted brand. For 2025, that value starts at an MSRP of $37,070 on the XLE FWD grade, a reduction of nearly 14-percent. Continue reading →

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December U.S. Auto Sales Start Strong

Posted on 13 December 2024 by Ken Zino

The Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) released today shows growing optimism among U.S. auto dealers. Despite current weak market conditions, the post-election survey indicates increasing dealer confidence. The final Auto Market Report video of the year, noted that after a very strong November, December appears to be off to a strong start.

“We saw a surge in the outlook, technically the largest surge we have had quarterly in the history of the data,” said  Cox Automotive Chief Economist Jonathan Smoke. “It is the best fourth quarter since 2021, which was the most profitable quarter in dealer history.” Continue reading →

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Stellantis and CATL JV for LFP Battery Plant in Spain

Posted on 10 December 2024 by Ken Zino

Stellantis (NYSE: STLA )* and CATL (Shenzhen 300750) today announced they have reached an agreement to invest up to €4.1 billion to form a joint venture that will build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Designed to be carbon neutral, the battery plant will be implemented in several phases and investment plans. The transaction is expected to close during 2025 and is subject to customary regulatory conditions.

“Stellantis is committed to a decarbonized future, embracing all available advanced battery technologies to bring competitive electric vehicle products to our customers,” said Stellantis Chairman John Elkann. “This important joint venture with our partner CATL will bring innovative battery production to a manufacturing site that is already a leader in clean and renewable energy, helping drive a 360-degree sustainable approach. I want to thank all stakeholders involved in making today’s announcement a reality, including the Spanish authorities for their continued support.” Continue reading →

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Mustang GTD Laps Nürburgring in under Seven Minutes

Posted on 10 December 2024 by Ken Zino

A 2025 Ford Mustang GTD completed of the 12.9-mile at the 73-turn “Green Hell” in 6:57.685 at the Nürburgring Ford Motor (NYSE: F) said today.* This means Mustang GTD is only the sixth stock, production sports car to complete an officially certified sub-seven-minute lap and the fifth fastest in the production sports car class according to the Nürburgring’s records.

Mustang GTD represents the pinnacle of Mustang performance. Ford said it benefits from lessons learned by the Ford Performance Motorsports and Multimatic Motorsports Mustang GT3 program, in particular around aerodynamics and setup for tracks such as the Nürburgring. However, Mustang GTD isn’t subject to the rules and regulations of GT3 racing, which prohibit much of the technology that allow a sub-seven-minute Nürburgring lap. Ford Motor is hardly the first company to use a speed run as a marketing ploy, however meaningless it is when the green flag waves in a real race, AutoInformed notes. Continue reading →

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Tavares Out. Stellantis Back into ACEA!

Posted on 9 December 2024 by Ken Zino

Stellantis over his embrace of electric vehicles as the core of the global automaker’s strategy, Stellantis said it would rejoin the European Automobile Manufacturers’ Association** (aka ACEA at AutoInformed), the lobbying group of 15 major European automakers. Under Tavares, Stellantis resigned from ACEA, which has been advocating slow-walking fines for automakers that fail to meet intermediate carbon reduction targets set for 2025. Battery electric vehicles sales in the EU have been tanking this year. Continue reading →

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Hyundai Motor Group Using XCIENT Hydrogen Fuel Cell Trucks

Posted on 4 December 2024 by Ken Zino

Hyundai Motor Group Metaplant America (HMGMA), in cooperation with Glovis America, announced today it has deployed XCIENT heavy-duty hydrogen fuel-cell electric trucks for clean logistics operations. Initially, a total of 21 XCIENT trucks will be in operation.

“At HMGMA, we are committed to creating sustainable transportation solutions,” said Oscar Kwon, HMGMA CEO. “Our Hyundai XCIENT hydrogen fuel-cell trucks that support the Metaplant release zero emissions and offer a cleaner alternative to the traditional freight logistics methods used at other manufacturing facilities.” Continue reading →

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Pope Francis Gets Electric G-Class From Mercedes

Posted on 4 December 2024 by Ken Zino

Mercedes-Benz said that Ola Källenius and the team members gave a handmade unique vehicle based on the new electric G-Class to Pope Francis in the Vatican today. Mercedes-Benz has supplied cars to the Vatican for 94 years, and for the past 45 years, the Pope has been using the so-called “Popemobiles” based on the Mercedes-Benz G-Class.*

“With the new Popemobile, Pope Francis is the first pope to be travelling in a fully electric Mercedes-Benz when making public appearances. This is a special honor for our company, and I would like to thank His Holiness for his trust. With this Popemobile, we are also sending out a clear call for electromobility and decarbonization. Mercedes-Benz not only stands for the special and individual – but also for consistently creating the conditions for a net-carbon-neutral1 new car fleet in 2039,” said Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG. Continue reading →

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Porsche Motorsport and Iron Dames in WEC

Posted on 3 December 2024 by Ken Zino

Porsche Motorsport said today that during 2025 with the start of the Asian Le Mans Series next weekend in Sepang (Malaysia). Four fast female drivers will compete in four top series at the wheel of a Porsche 911 GT3 R. Michelle Gatting from Denmark, Rahel Frey from Switzerland, Sarah Bovy from Belgium and Célia Martin from France will race for the Iron Dames squad in Asia, Europe and the USA. The schedule also includes the 24 Hours of Le Mans as part of the FIA World Endurance Championship (WEC). Iron Dames is now in a partnership with Porsche – in essence a factory supported racing team.

“Porsche stands for a culture of equal opportunities and diversity. Encouraging women to get involved in motorsport and then supporting them in open competition is something we value highly. In this context, we’ve seen that the Iron Dames project is well-structured and was very successful in recent years,” said Thomas Laudenbach, Vice President Porsche Motorsport. “Since our customer teams have already celebrated victories with the Iron Dames, we’re now taking the next logical step. We’re very confident that the collaboration in all series will reap excellent results and we can highlight our contribution to supporting female racing drivers with victories and podium finishes.” Continue reading →

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GM to Sell Lansing Battery Plant to LG Energy Solution

Posted on 2 December 2024 by Ken Zino

General Motors (NYSE: GM) said today that it has reached a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution.* The transaction is expected to close in the 2025 first quarter, subject to customary closing conditions. 

“Our EV profitability is rapidly improving thanks in part to our strategic decision to build battery cells in the U.S. with LG Energy Solution. It will be years before some of our competitors approach this level of performance,” said Paul Jacobson, GM executive vice president and CFO. “We believe we have the right cell and manufacturing capabilities in place to grow with the EV market in a capital efficient manner. When completed, this transaction will also help LG Energy Solution meet demand by leveraging capacity that’s nearly ready to come online and it will make GM even more efficient.”  Continue reading →

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Carlos Tavares Out as Stellantis CEO

Posted on 2 December 2024 by Ken Zino

Stellantis (NYSE: STLA ) in an unusual but not surprising Sunday release said that the Company’s Board of Directors, under the Chairmanship of John Elkann, has accepted Carlos Tavares’ resignation on 1 December 2024 as Chief Executive Officer with immediate effect. The process to appoint the new permanent Chief Executive Officer is well under way, as AutoInformed* previously reported, managed by a Special Committee of the Board. It will conclude within the first half of 2025. Until then, a new Interim Executive Committee, chaired by John Elkann, will be established. Continue reading →

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Bernie Ecclestone Selling His F1 Car Collection

Posted on 2 December 2024 by Ken Zino

“I have been collecting these cars for more than 50 years, and I have only ever bought the best of any example. Whilst many other collectors over the years have opted for sports cars, my passion has always been for Grand Prix and Formula 1 cars,” said Ecclestone. “A Grand Prix and in particular a Formula 1 car is far more important than any road car or other form of race car, as it is the pinnacle of the sport, and all the cars I have bought over the years have fantastic race histories and are rare works of art.”

“I love all of my cars but the time has come for me to start thinking about what will happen to them should I no longer be here, and that is why I have decided to sell them. After collecting and owning them for so long, I would like to know where they have gone and not leave them for my wife to deal with should I not be around,” said Ecclestone. Continue reading →

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F1 – Qatar Investment Authority Buys Into Sauber

Posted on 29 November 2024 by Ken Zino

QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with institutions around the world “to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.” It is the subject of controversies, including its dealings with Russia, embezzlement charges of former executives, its ownership of Heathrow airport, the PGA tournaments, the football World Cup, among others. Continue reading →

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Annals of Marketing – Broad Arrow Auctions and BMW

Posted on 27 November 2024 by Ken Zino

Thus Broad Arrow Auctions makes its overseas live auction debut following annual North American sales events, including the Monterey Jet Center Auction and The Amelia Auction, where Broad Arrow is the official auction house of The Amelia (Concours d’Elegance). At each of these auctions, Broad Arrow claims rapid growth, continuing to increase total sales and the average value of cars sold year-over-year.

Founded in 1929, the Concorso d’Eleganza Villa d’Este is one of the world’s oldest concours d’elegance events. Hosted by BMW Group Classic and Grand Hotel Villa d’Este, Saturday’s tickets for the events at Villa d’Este are limited, while the parade of Historic Cars is open to the public on Sunday at Villa Erba. Broad Arrow’s auction will be held on Saturday 24 May 2025 at Villa Erba. Continue reading →

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Honda – Global Expansion of Electric Motorcycles

Posted on 27 November 2024 by Ken Zino

Honda in Tokyo today announced two electric personal commuters in India continuing 2024 as the first year for its global expansion of electric motorcycles. The new ACTIVA e and QC1 are the 12th and 13th models, respectively, of Honda’s “30 electric models to be launched globally by 2030” target. The ACTIVA e is equipped with two Honda Mobile Power Pack e with swappable batteries as its power source. QC1, has a fixed battery.

“Both ACTIVA e: and QC1 will be manufactured in India, strengthening the electric commuter lineup to meet the growing needs for electric mobility in the Indian market. In addition, Honda Power Pack Energy India Private Limited will operate Honda e:Swap, a battery sharing service, in three major Indian cities (Bengaluru, the National Capital Territory of Delhi, and Mumbai [footnote 3], providing customers mobility experience with more peace of mind,” Honda said. Continue reading →

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EPA – US Fuel Economy Record High. CO2 Record Low

Posted on 26 November 2024 by Ken Zino

“This annual report indicates EPA’s commitment to provide the public with information about new light-duty vehicle greenhouse gas emissions, fuel economy, technology data, and auto manufacturers’ performance in meeting the nation’s emissions standards. EPA’s annual Automotive Trends Report is separate from the agency’s regulatory process, which is far more complex and has been subject to political and judicial interference funded by special interest groups. – AutoCrat.” Continue reading →

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