Category Archives: shows and events

Deputy CEO Björn Annwall Leaves Volvo Cars

Posted on 9 October 2024 by Ken Zino

Volvo Cars (VOLCAR-B.ST)* today announced organizational changes that it said, “are designed to increase simplicity, speed and collaboration and reduce complexity by flattening our structure in the Commercial part of the business.” It is enhancing the responsibilities of the regions and empowering the employees that are closest to the customers to make key decisions. In a surprising move, Björn Annwall, current Chief Commercial Officer & Deputy CEO will support the transition of the new organization before taking his next step “outside of Volvo Cars.” The stock is currently trading at an all-time low.

“In a rapidly changing world, we need to ensure our organization is equipped to navigate a more challenging market. We are now regrouping our commercial leadership team with a focus on making Volvo Cars even stronger with increased speed and efficiency,” said Jim Rowan, CEO at Volvo Cars. Continue reading →

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Nissan Joins EV Grid Management Group ChargeScape

Posted on 7 October 2024 by Ken Zino

Nissan said today that it has entered into an agreement to invest in ChargeScape, a joint venture equally owned by BMW, Ford and Honda* concentrated on electric vehicle-grid integration. Once the transaction is complete, Nissan will become an equal 25% … Continue reading →

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DOE Loan Programs Office – $1B to Evgo for Charging Points

Posted on 4 October 2024 by Ken Zino

The Department of Energy’s (DOE) Loan Programs Office (LPO) announced Thursday a conditional commitment to EVgo Swift Borrower LLC (EVgo) for a loan guarantee of up to $1.05 billion to expand the public electric vehicle (EV) charging infrastructure. The loan guarantee, if finalized, will support EVgo’s deployment of ~7500 charging ports at ~1100 charging stations across the United States. The first deployments will include high-power 350kW fast chargers capable of charging two EVs simultaneously. EVgo plans to continue installing power sharing equipment over the 5-year deployment timeline.

“The Biden-Harris administration and DOE are building towards a future where EVs are affordable and accessible in every part of the country,” LPO said in a detailed release. Continue reading →

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Yawn or Yikes? Hyundai, Waymo Link on Autonomous SUVs

Posted on 4 October 2024 by Ken Zino

Hyundai Motor Company and Waymo today said they have entered into a multi-year, strategic partnership that will integrate Waymo’s sixth-generation fully autonomous technology, dubbed the Waymo Driver, into Hyundai’s all-electric IONIQ 5 SUV, which will be added to the Waymo One fleet over time.*

“We are thrilled to partner with Hyundai as we further our mission to be the world’s most trusted driver,” said Tekedra Mawakana, co-CEO, Waymo. “Hyundai’s focus on sustainability and strong electric vehicle roadmap makes them a great partner for us as we bring our fully autonomous service to more riders in more places.” Continue reading →

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IONNA Breaks Ground on So-Called Rechargery for EVs

Posted on 3 October 2024 by Ken Zino

IONNA, a charging network founded by eight automakers – BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia, Stellantis and Toyota –  announced today the ground breaking for the first IONNA ‘Rechargery.’ It is remaking a historic district gas station into an EV charging station in Apex, North Carolina. AutoInformed notes the irony, and also  that the town was built around a railroad steam engine refill pond, which the workers dubbed Apex. Continue reading →

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Mattias Ekström Joins Ford Performance for 2025 Dakar Rally

Posted on 1 October 2024 by Ken Zino

“Joining the Ford Dakar program is really exciting for me,” said Mattias Ekström. “Ford and M-Sport have built a vehicle that looks, sounds, and drives awesome and we all have a common ambition to win the Dakar Rally. I have had four tries at Dakar so far and now I can say that I have some experience to be able to aim for the top. There is also a lot of knowledge and experience in the team to back up the ambition – starting with the long motorsport heritage of Ford, proven track record of M-Sport, very impressive driver line-up, smart engineers, technicians, and the rest of the team. I look forward to the first competitive outing with the Ford Raptor T1+ at Rally du Maroc and later at the Dakar Rally. I am in it to win it and I hope we will have very successful and great years ahead of us. I will do everything in my power to make it happen.” Continue reading →

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Beleaguered Stellantis Cuts 2024 Financial Guidance

Posted on 30 September 2024 by Ken Zino

Stellantis N.V. (NYSE: STLA) today revised its 2024 financial guidance, “reflecting decisions to significantly enlarge remediation actions on North American performance issues, as well as deterioration in global industry dynamics.” Actions include North American shipment declines of more than 200,000 vehicles in the second half of 2024 (up from 100,000 prior guidance), compared to the prior year period, increased incentives on 2024 and older model year vehicles. (Read AutoInformed.com on: Stellantis Tanks in First Half of 2024 – Net Profit -48%)*

“The Company will continue to leverage and expand its competitive differentiators and believes that the recovery actions being put in place will ensure stronger operational and financial performance in 2025 and beyond,” Stellantis said in a terse release. “Deterioration in the global industry backdrop reflects a lower 2024 market forecast than at the beginning of the period, while competitive dynamics have intensified due to both rising industry supply, as well as increased Chinese competition,” Stellantis said. Continue reading →

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Loyalty Keeps Vehicle Buyers Out of Market Amidst Shortages

Posted on 30 September 2024 by Ken Zino

Perennial brand loyalty leaders including Toyota, Honda and Lexus have each been able to grow their respective shares of loyal customers amid stagnation experienced by other brands, according to the J.D. Power 2024 U.S. Automotive Brand Loyalty StudySM.

“Amid ongoing inventory shortages, the most loyal customers actually stayed out of the market if they were unable to get their desired vehicle,” said Tyson Jominy, vice president of data & analytics at J.D. Power. “Now that inventory levels are recovering, customers are coming back. In particular, Toyota and Honda are benefiting from increased availability of hybrid vehicles, with Honda owners swapping out their gas-powered vehicles for hybrids at nearly triple the rate of the industry average. Lexus is also benefitting from strengthened residual values, which are helping drive loyalty for the brand despite premium brands as a whole experiencing a plateau this year.” Continue reading →

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IPR Center Warns Consumers of Chinese Counterfeit Airbags

Posted on 27 September 2024 by Ken Zino

CBP officers at U.S. ports of entry are looking at imports – particularly those from China – for shipments suspected of containing counterfeit automotive parts. During fiscal year 2023, CBP and HSI seized ~20,000 shipments containing goods that violated Intellectual Property Rights, equating to nearly 23 million counterfeit items. The total estimated manufacturer’s suggested retail price of the seized goods would have amounted to over $2.75 billion had they been genuine parts. Out of those shipments, ~100,000 items were counterfeit automotive goods, with a MSRP of over $10 million. Continue reading →

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McLaren W1 Supercar Global Reveal This Sunday

Posted on 27 September 2024 by Ken Zino

McLaren Automotive today said that the next version of its legendary ‘1’ car lineage – a new supercar named W1, will be revealed at 13:00 BST on Sunday 6 October 2024. The McLaren W1 is the successor to the McLaren F1. The W1 name “celebrates McLaren’s World Championship mindset.” The public reveal date marks the 50th anniversary of McLaren winning its first Formula 1 Constructors’ World Championship, and Emerson Fittipaldi winning the 1974 World Drivers’ Championship with McLaren.

“The McLaren W1 is defined by real supercar principles and is the ultimate expression of a McLaren supercar. Born of our rich racing history and World Championship mindset, W1 pushes the boundaries of performance and is worthy of the ‘1’ name. Like its predecessors the F1 and McLaren P1™, W1 defines the rulebook of a real supercar,” Michael Leiters, Chief Executive Officer, McLaren Automotive. Continue reading →

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GM Milford Proving Centennial Noted

Posted on 25 September 2024 by Ken Zino

More than 7,000 General Motors employees, retirees, and their families gathered at the company’s Milford Proving Ground site in southeastern Michigan last Saturday to mark the 100th anniversary of the company’s flagship vehicle testing facility.

“The Milford Proving Ground is at the heart of GM’s long history of innovation that has revolutionized the auto industry, from safety technology to Super Cruise – it’s where vehicles get better, and it’s where I started my career as a summer intern working on V6 noise and vibration,” said Mark Reuss, president, General Motors. “Today, we celebrate 100 years of Milford and look forward to its next century of leadership in vehicle testing and development.” Continue reading →

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Environmental Justice Climate Corps Launches

Posted on 25 September 2024 by Ken Zino

“Our partnership is a first-of-its-kind effort within the federal government to expand pathways into environmental justice careers,” said Michael S. Regan, EPA Administrator. “This program will create opportunities for young people through President Biden’s American Climate Corps that will help folks in overburdened communities access and benefit from historic funding secured under the President’s Investing in America agenda.” Continue reading →

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C’est Fou – Chinese EVs Will Be at 2024 Paris Motor Show

Posted on 25 September 2024 by Ken Zino

Stellantis today announced it will participate in the 90th edition of the Mondial de l’Auto 2024 (Paris Motor Show) from14 – 20  October with its three traditional brands – Citroën, Peugeot, and Alfa Romeo. More controversial will be the Chinese brand, Leapmotor making its debut at the show.

Leapmotor Founder, Chairman and CEO Zhu Jiangming, together with Stellantis CEO Carlos Tavares, will unveil the all-new B10, a C-segment SUV, expanding its product line-up in Europe’s core segment through this distinctive partnership in the automotive industry. Continue reading →

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Stellantis Holds Media Drive for Chinese Leapmotor EVs

Posted on 24 September 2024 by Ken Zino

The first European Media Drive is now taking place in Milan for the C10 and T03 models of the Leapmotor brand, a Chinese company in the technology field which has the highest growth in the New Energy Vehicle (NEV) sector.* The event, held in Milan and Lake Maggiore, marks the official debut of Leapmotor International in Europe. In a controversial move in October of 2023 Stellantis took 51% of a joint venture with Leapmotor that gives it exclusive rights to build, export and sell Leapmotor EVs outside China.**

“Stellantis will invest more than €50 billion during the next 10 years in the field of electrification and will do everything it can to reach the targets set out in its Dare Forward 2030 strategic plan, including the achievement of a 100% sales mix of BEV vehicles in Europe by 2030 and 50% of BEV passenger cars and light commercial vehicles in the United States. To reach these sales goals, the company is ensuring around 400 GWh of battery capacity with the support of six battery factories in North America and Europe. Stellantis aims to become a zero carbon-emissions company across all sectors by 2038, with a percentage offsetting for an amount of the remaining emissions,” the company formed by the merger of FCA and PSA said today. Continue reading →

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Annals of Marketing – VW Gewürz Ketchup Brand

Posted on 23 September 2024 by Ken Zino

Volkswagen of America announced today that VW part number 00010 ZDK-259-101, VW Gewürz Ketchup Brand, a condiment used to dress VW currywurst, will be available in the U.S. for a limited time. The public can claim their own bottle, distributed through DriverGear retail operation, starting today at no cost while supplies last.

“This year we’re celebrating more than a big anniversary of selling cars,” said Rachael Zaluzec, Senior Vice President of Customer Experience and Brand Marketing, Volkswagen of America. “We’re celebrating stories, memories, passion, and all the fun, and unexpected things that make Volkswagen the brand we are today —things like our Gewürz Ketchup Brand condiment.” Continue reading →

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