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Category Archives: shows and events
Fuji Motorsports Forest to Be a New Corporation, Destination
Arranged around the Fuji International Speedway circuit, Forest will consist of various facilities where motorsports culture can be enjoyed such as the Fuji Speedway Hotel, which offers a luxury experience, the Fuji Motorsports Museum which exhibits historic racing cars symbolizing each era, and garages of Japan’s leading racing teams. There are also spas and restaurants for the enjoyment of all visitors. Continue reading
CARB Environmental Justice Advisory Committee Renewed
“These appointments demonstrate the Board’s commitment to integrating environmental justice and equity as a cornerstone of CARB’s climate programs,” said CARB Chair Liane Randolph. “We know climate change impacts vulnerable communities the most. Each of these members brings a unique perspective from their communities. By partnering together, we can reduce greenhouse gas emissions and address historic inequities by advancing environmental justice and equity in our implementation of the Scoping Plan.” 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
Auto Rag Trade – Hyundai Re:Style 2023 Haute Couture
‘Hyundai Re:Style Exhibition’ will be presented at AP Again in Seongsu-dong for three weeks starting 23 March, following a private gala preview event later tonight. As the first ‘Re:Style’ exhibition to be held in Korea, the opening is also in line with the global launch of the all-new KONA Electric. Continue reading
Kodlin Customizes a BMW R 18 B Motorcycle
For the first time, Fred Kodlin has customize a BMW together with his son Len – the BMW R 18 B. Kodlin is of considerable reputation in certain Harley-Davidson circles. Since the 1990s, his custom bikes have won various Daytona shows – say, Rats Hole and Boardwalk – regularly. A native German, he was the first non-US citizen to be inducted into the Sturgis Hall of Fame. Continue reading
Brooklands Winning 100-year-old Bentley to be Auctioned
“Very rarely do we find cars with such racing pedigree and over sixty years of continuous ownership,” comments James McWilliam, senior motorcar specialist, H&H Classics*. “From winning events at Brooklands, to eventually finding its way to an owner who has looked after ‘Wilfred’ for over sixty years, it’s a real delight to bring this car to auction.” Continue reading
CHIPS Act – a Vision for America’s Technological Leadership
US Secretary of Commerce Gina Raimondo today delivered a speech titled “The CHIPS Act and a Long-term Vision for America’s Technological Leadership” at Georgetown University’s School of Foreign Service. In her remarks, Raimondo outlined the opportunity provided by the CHIPS and Science Act and the long-term goals she has set for the program to solidify America’s technology and innovation leadership while protecting America’s economic and national security. Continue reading
Celebrating 100 Years of BMW Motorrad – Berlin Festival in July
“We successfully anchored the BMW Motorrad Days at the BMW plant location in Berlin last year with a new concept and there will be no shortage of highlights at this year’s 100th BMW Motorrad anniversary event,” said Dr. Markus Schramm, Head of BMW Motorrad. “This time, we will not only be offering a wide range of exciting activities at the central event in the Summer Garden at Messe Berlin trade fair, but also other event areas in and around Berlin to meet the wishes and interests of our customers and fans.” Continue reading
Annals of Marketing – Cadillac’s 1933 Goddess Mascot Returns
“Automotive design has always been rooted in the importance of an artistic vision to create an emotional response,” said Bryan Nesbitt, executive director of Cadillac Design. “That’s what this series celebrates, as the iconic Cadillac Goddess was originally conceived nearly a century ago as an artful representation of the brand’s spirit and has been reintroduced on the all-new CELESTIQ ultra-luxury EV. Cadillac’s rich history and promising future continue to inspire.” Continue reading
Nissan Shows Max-Out EV Convertible Concept
The Nissan Max-Out in Nissan marketing/styling jargon is “created on the fundamental concept of being one with the car…two-seater convertible is designed to provide a liberating sense of openness while offering an enhanced, dynamic driving experience. The Max-Out displays Nissan’s innovation to develop a diverse range of advanced and striking vehicles, with a clear vision of how they can benefit both individuals and society.” Continue reading
Corvette Z06 GT3.R 2024 Racecar Shown at Daytona
During 2024, Chevrolet and Corvette Racing will continue seeking key sports car racing championships with North American and global entries. The IMSA WeatherTech SportsCar Championship will see up to four Corvette Z06 GT3.R entries with a mix of GTD PRO and GTD teams starting with the 2024 Rolex 24. Two Corvette chassis will be bound for FIA WEC in hopes of a double entry in the yet-to-be-named GT category, which would include the 24 Hours of Le Mans. Chevrolet Motorsports said it will also be appraising opportunities to be represented in SRO Motorsports including SRO America and the Intercontinental GT Challenge. Specific team announcements including drivers will be announced at a later date. Continue reading
Penske Automotive Group SEC 8K Filing – Cuts Credit Costs
“The U.S. Credit Agreement provides for up to $800.0 million in revolving loans for working capital, acquisitions, capital expenditures, investments, and other general corporate purposes, and provides up to an additional $50.0 million of letters of credit. The U.S. Credit Agreement provides for a maximum of $150.0 million of borrowings for foreign acquisitions and expires on September 30, 2025. The interest rate on revolving loans is LIBOR plus 1.50%, subject to an incremental 1.50% for uncollateralized borrowings in excess of a defined borrowing base.” Continue reading
Posted in auto news, economy, financial results, shows and events
Tagged auto industry commentary, autoinformed.com, Ken Zino, sec
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RAM Pickup EV to be Shown. Peugeot Returning to US?
More interesting is Peugeot. The brand has not said it is returning to the US market, so why is the reveal here? “The Peugeot Inception Concept will showcase how the brand takes advantage of the next generation of cockpit platforms to re-invent the whole automobile experience, redesigning the interior space and reshaping driving gestures around the next generation of the Peugeot i-Cockpit,” the release said. Continue reading
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 →