Category Archives: transportation

Penske Automotive Group Take Private Proposal Advisors Set

Posted on 11 August 2026 by Ken Zino

The Board established the Special Committee to review and consider the unsolicited, preliminary and non-binding proposal received by the Board on July 22, 2026 from Penske Corporation and Mitsui & Co., Ltd. to acquire the remaining shares of the Company’s common stock that they and their affiliates do not currently own for cash consideration of $210 per share (the “Proposal”).

“There can be no assurance as to whether an agreement relating to the Proposal or any proposed transaction will be reached or as to the terms thereof if an agreement is reached. The Company does not intend to comment further or disclose any developments regarding the Proposal unless and until it deems further disclosure is appropriate or required. The Company’s shareholders do not need to take any action at this time,” PAG said. Continue reading →

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UAW Clout in Michigan Apparent in Primary Wins

Posted on 5 August 2026 by Ken Zino

The UAW said today that after months of organizing on shop floors and in communities across Michigan, UAW members helped deliver “a rebuke to billionaire-funded politics on Tuesday, powering victories for working-class champions across the state.” UAW-endorsed Abdul El-Sayed defeated what it “termed an obscene flood of outside spending” to win the Democratic nomination for U.S. Senate. His a grassroots campaign was promoted in large part by UAW members. UAW-endorsed Jocelyn Benson won the Democratic nomination for governor, while Donovan McKinney won Michigan’s 13th Congressional District after earning the union’s support. Continue reading →

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SMMT – Battery Electric Cars Sales Set Record in England!

Posted on 5 August 2026 by Ken Zino

Well, with Europe and England melting, burning and experiencing droughts as the pernicious results of Climate Change, something is clearly going have to be done – now! This means more non-fossil fueled vehicles. Enter the next round of, well, heated debates. The age old problem here is WHO PAYS. AutoInformed votes for shared costs, and is wary of subsidies to industries that are literally destroying life on planet earth. There is some room for nuance, although Britain’s revolving door of Prime Ministers, and the near suicide by Brexit policies to withdraw from a collective union in AutoInformed’s view makes the future grim for inhabitants of Old Blighty. This is a global war that needs to be won by all. Continue reading →

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Center for Automotive Research on “China Speed”

Posted on 4 August 2026 by Ken Zino

“China’s automotive growth is not the result of a single technology, company or policy,” said Elizabeth Krear, President & CEO of the Center for Automotive Research. “It reflects a coordinated system designed to move quickly and build scale. North America does not need to replicate that system, but it must become more intentional about reducing complexity, accelerating collaboration and investing in the capabilities that will define the next generation of automotive leadership.” Continue reading →

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Annals of Marketing – LEXUS Flight Helicopter Service Debuts

Posted on 31 July 2026 by Ken Zino

Lexus (NYSE: TM, 7203 T) today announced the launch of LEXUS Flight, a helicopter transportation service operated by Aero Toyota Co., Ltd. Aero Toyota will use an Italian Leonardo AW169, with service starting on 24 August 2026. At the Japan … Continue reading →

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Magna International Posts Record Q2 Earnings per Share

Posted on 31 July 2026 by Ken Zino

Magna International (TSX: MG; NYSE: MGA) today reported relatively strong financial results for the second quarter ending 30 June 2026 and H1 2026. Income from operations before income taxes increased 21% to $599 million. Diluted earnings per share were $1.72; Adjusted EPS increased 29% to $1.86, a record for the second quarter. Magna also increased its full year forecast for Adjusted EBIT margin, Adjusted EPS and Free Cash Flow.

“Our strong second-quarter results reflect solid operating performance, disciplined execution, and further progress against our strategic priorities. Supported by record second-quarter adjusted EPS, strong free cash flow, and confidence in our business and global team, we are raising our 2026 outlook. As we look ahead, we remain focused on delivering profitable growth, expanding margins, generating cash, and returning capital to shareholders, while remaining agile in a dynamic global environment,” said Swamy Kotagiri, Chief Executive Officer. Continue reading →

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Penske Automotive Group Posts Q2 2026 Earnings Decline

Posted on 29 July 2026 by Ken Zino

“In the second quarter of 2026, our diversified business delivered over 125,000 retail automotive units and more than 5400 commercial truck units. Retail automotive same-store revenue increased 6%. Retail automotive new and used vehicle gross profit per unit remained strong and consistent when compared to the first quarter of 2026, and service and parts gross margin increased by 80 basis points. Additionally, I am encouraged with the trends we are experiencing across the commercial truck market from an improved freight environment, driving strong orders of Class 8 trucks,” Chair Roger Penske said. Continue reading →

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Stellantis Sells Free2move to a Private Equity Firm

Posted on 28 July 2026 by Ken Zino

Stellantis and Mutares said today that they have an agreement for the sale of Stellantis’ entire shareholding in the Free2move car-sharing business to Mutares. The transaction is expected to conclude by the end of 2026, subject to customary closing conditions. This strategy move of shedding companies is a core part of Stellantis’ FaSTLAne 2030 plan. Under it, financially ailing Stellantis will focus investments and resources to the regions, brands and technologies that it thinks can generate the strongest returns. Continue reading →

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CAR on King Trump’s Tariff and Trade Policies

Posted on 27 July 2026 by Ken Zino

King Trump’s latest tariff tirade against Canada threatens a 50% tariff on Canadian goods. [Currently there is a 25% levy on non-US content on Canadian-assembled passenger vehicles, components not covered under the existing but up for renewal  North American free trade pact (USMCA). There are also steel tariffs, which indirectly affect the industry. All of these will soar if Trump follows through with a looming 50% increase on Canadian goods, including autos in August. These issues make the CAR findings expressly relevant in AutoInformed’s view.] Continue reading →

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ACEA – New EU Car Registrations Up 5.7% YTD

Posted on 23 July 2026 by Ken Zino

New EU car registrations rose by 5.7% year-to-date, with a solid performance in June contributing to a positive first half of 2026, according to data published today by the European Automobile Manufacturers’ Association. [aka ACEA at AutoInformed after its original French name].

“This came against a backdrop of persistent geopolitical headwinds weighing on the outlook. The market continued to benefit from robust consumer demand for a range of electrified technologies, driven primarily by market support measures. Hybrid-electric vehicles lead as the most popular powertrain choice among buyers, while battery-electric cars reached 20.7%. In addition, plug-in hybrids captured 9.8% of the EU market,” ACEA said. Continue reading →

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AAA – Gasoline Prices Keep Rising!

Posted on 23 July 2026 by Ken Zino

The national average for a gallon of regular gasoline jumped 15 cents from last week to $4.09 according to the latest data from AAA and the Energy Information Administration (EIA).

“Most states are now averaging $4 per gallon or higher. Rising crude oil prices are behind the spike at the pump. Volatility along the Strait of Hormuz and instability in the region have pushed crude oil prices into the $90 per barrel range and could continue driving up costs during the second half of summer,” AAA said. Continue reading →

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Penske Automotive Group Increases Dividend Again!

Posted on 23 July 2026 by Ken Zino

Penske Automotive Group, Inc. (NYSE: PAG) today announced that its Board of Directors has approved a quarterly dividend of $1.44 per share, an increase of $0.02 per share (+1.4%), bringing the annualized dividend to $5.76 per share. This represents the Company’s 23rd consecutive quarterly dividend increase. It comes as a proposal to take PAG private for $210 per share was announced.*

“Our continued dividend growth reflects the strength of our business and disciplined capital allocation strategy,” said Robert H. Kurnick, Jr., President of Penske Automotive Group. “We remain committed to creating shareholder value through a balanced strategy that includes dividends, securities repurchases, and strategic acquisitions.” The dividend is payable September 1, 2026, to shareholders of record as of 14 August 2026. Continue reading →

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Take Private Offer Made to Penske Automotive Group!

Posted on 23 July 2026 by Ken Zino

Late yesterday, the Penske Automotive Group (NYSE: PAG)* announced that it had received an unsolicited, preliminary and non-binding proposal from Penske Corporation (PC) and Mitsui & Co. (Mitsui) to acquire the remaining shares of the Company’s common stock that they and their affiliates do not currently own “for cash consideration of $210 per share.”

“The Board has established a special committee comprised of disinterested and independent directors to review and consider the Proposal. The special committee is authorized to retain advisors, including independent legal and financial advisors, to assist it in its work. There can be no assurance as to whether an agreement relating to any proposed transaction will be reached or as to the terms thereof if an agreement is reached,” PAG said. Continue reading →

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Gasoline National Average Moves Higher Near $4 Gallon!

Posted on 16 July 2026 by Ken Zino

“Instability along the Strait of Hormuz is contributing to the increase at the pump and pushing crude oil prices toward $80 per barrel. Most states are still averaging less than $4 per gallon. Earlier this year, the national average remained in the $4 range all of April and May and most of June. Last time the national average was $4 or above was on June 17 when it was $4.02,” AAA said. Continue reading →

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Transportation Costs Rising for Producers. You’ll Pay More Too

Posted on 15 July 2026 by Ken Zino

The Bureau of Transportation Statistics (BTS) today released the change in the costs faced by producers purchasing transportation services and industries producing them, from June 2025 to June 2026. Transportation equipment PPI indicate the changes in transportation equipment prices faced by transportation providers. Any increase raises providers costs, which ultimately are passed on to everyday Americans. The PPI shows that prices increased for freight transportation and equipment by 2.3% in June 2026 compared to June 2025. Continue reading →

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