Category Archives: transportation

Annals of Marketing – Audi Electric Mountain Bike

Audi of America said this morning that it will increase its range of e-mobility products with the launch of a limited-edition enduro-style electric pedal assist mountain bike – dubbed eMTB – powered by Fantic. It becomes available through Audi Genuine Accessories by the summer of 2024. The Audi eMTB has livery said to be inspired by the design of Audi’s electrified Dakar Rally-winning RS Q e-tron race car. Audi eMTB at ~$9795 comes from a deal with Italian motorcycle and e-bike manufacturer Fantic based upon its XEF 1.9 Factory enduro e-bike. Continue reading

Posted in alternative fuels, electronics, environment, marketing, milestones, mobility company, transportation | Tagged , , , , , , , , | Leave a comment

Mercedes-Benz Q1 2024 Profit Drops 25% as Sales Slump

Mercedes-Benz Group AG (MBG.DE) has reported Group Earnings Before Interest and Taxes (EBIT) of €3.9 billion (Q1 2023: €5.5 billion) a surprising drop of -25% but in line with struggles at European-based Volkswagen Group and Stellantis. Continue reading

Posted in auto news, economy, electric vehicles, financial results, marketing, news analysis, results, transportation | Tagged , , , , , , , , , | Leave a comment

Penske Automotive Group 2024 Q1 Earnings Drop

“Our retail automotive service and parts revenue grew 9% to a quarterly record of $746 million. During the quarter, we experienced a recovery across our used vehicle retail automotive operations with profitability improving sequentially by $428 per unit retailed. Further, I was pleased with our focus on controlling costs as selling, general, and administrative expenses as a percentage of gross profit improved by 30 basis points sequentially to 70.7%,” said Roger Penske Chair and CEO. Continue reading

Posted in auto news, financial results, manufacturing, mobility company, news analysis, results, transportation | Tagged , , , , , , , , | 1 Comment

NHTSA Makes Automatic Emergency Braking Mandatory

“The new vehicle safety standards we finalized today will save hundreds of lives and prevent tens of thousands of injuries every year,” said U.S. Transportation Secretary Pete Buttigieg. “The Bipartisan Infrastructure Law is not only making historic investments in transportation, but it’s also ushering in a new era of safer travel by ensuring new cars and light trucks are equipped with automatic emergency braking, making our roads safer for drivers and pedestrians alike.” Continue reading

Posted in auto news, news analysis, public health, safety, software defined vehicles, transportation | Tagged , , , , , , , , , , | Leave a comment

Badass UAW Bargaining Committee Gets Record Daimler Deal

“Tonight, I’m in Charlotte, North Carolina, and I am honored to be joined by the badass bargaining committee representing over 7000 members at Daimler Truck North America,” Fain said. “We’re here tonight to announce a major victory for the members who build Freightliner and Western Star trucks and Thomas Built buses. Today, we reached a tentative agreement with Daimler. What started thirty-two years ago this month at the Mt. Holly plant, when the courageous 17-day strikers stood up and won a historic, first of its kind agreement, has come full circle. Continue reading

Posted in auto news, financial results, labor issues, manufacturing, mobility company, people, transportation | Tagged , , , , , , , , | Leave a comment

UAW Live – Hours Before Daimler Truck Contract Expires

UAW President Shawn Fain, alongside the UAW Daimler Truck North America Bargaining Committee, will address Daimler workers and allies on Facebook Live just hours before the contract for more than 7000 UAW workers expires at midnight. Continue reading

Posted in auto news, economy, labor issues, manufacturing, news analysis, transportation | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Baltimore Bridge – Japanese, Korean, German Makers at Risk

“Japan, Korea and Germany are the main origins for vehicles entering the US market, so brands with heavy production concentrations in those locations have the potential to be impacted more significantly, especially those in Europe,” said the GlobalData* consultancy. “It is no surprise that Hyundai and Toyota were the top importers, though General Motors (GM) was the third largest, with vehicles coming from Korea and China. VW Group is among the top 5 importers, while BMW, Mercedes-Benz, Volvo and Stellantis are also exposed to potential disruption.” Continue reading

Posted in auto news, economy, news analysis, transportation | Tagged , , , , , , , | Leave a comment

Heavy-Duty Emissions Standards – Missed Opportunity?

“The final rule also leaves more work to be done, and state legislatures should spur use of electric and other zero-emission trucks by adopting the Advanced Clean Truck rule. By delaying the final standards for sleeper cabs until model year 2030 vehicles, EPA missed out on the additional climate and health benefits that would have started accruing much earlier from some of the highest-polluting vehicles on the roads. Continue reading

Posted in alternative fuels, auto news, economy, electric vehicles, energy, environment, fools 'n frauds, fuel economy or emissions, global warming, milestones, news analysis, public health, transportation | Tagged , , , , , , , , , , , , , | Leave a comment

Greenhouse Gas Standards for Heavy-Duty Vehicles Set

The U.S. Environmental Protection Agency today announced final national greenhouse gas pollution standards for heavy-duty vehicles for model years 2027 through 2032 – the “Greenhouse Gas* Emissions Standards for Heavy-Duty Vehicles – Phase 3.” Trucks and other heavy-duty vehicles are central to the economy by moving goods and freight as well as providing services for industry, transit, among other sectors. Heavy-duty vehicles account for 25% of all greenhouse gas emissions from the transportation sector, which is itself the single largest source of greenhouse gas emissions in the United States. Under these new standards, the heavy-duty industry is expected to realize annualized savings of $3.5 billion compared to annualized costs of about $1.1 billion from 2027 through 2055 Continue reading

Posted in auto news, economy, environment, fuel economy or emissions, global warming, milestones, news analysis, public health, transportation | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Bidenomics – Fiscal Policy Increased Car Sales During 2020

“In the months following the outbreak of COVID-19, Economic Impact Payments and the Paycheck Protection Program provided fiscal support to households and businesses,” said the Hutchins Center on Fiscal and Monetary Policy at Brookings this week, citing a new research paper on Economic Incentive Programs (EIPs) during the early years of the Biden Administration economic recovery.

Using data on motor vehicle sales and the Consumer Expenditure Survey, Jack Dunbar of the University of Pennsylvania and co-authors Christopher Kurz, Geng Li and Maria D. Tito find that these policies boosted new car sales by 12% in 2020, or 1.75 million cars. They also find that the increase in sales caused by the fiscal programs accounted for 70% of the declines in inventory through 2021. The stimulus-induced demand, which coincided with supply constraints that reduced inventories, accounted for 20% of the increase in vehicle prices compared to pre-pandemic pricing. Continue reading

Posted in auto news, financial results, news analysis, people, sales, shows and events, transportation | Tagged , , , , , , , , , , , , , , | Leave a comment

March US Vehicle Sales Up. Record Q1 Consumer Spending!

Total US new-vehicle sales for March 2024, are projected to reach 1,525,700 units, a 12.1% increase from March 2023, according to a joint forecast today from J.D. Power and GlobalData.* The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 16.4 million units, up 1.6 million units from March 2023. New-vehicle total sales for Q1 2024 are projected at 3,830,500 units, a 4.5% increase from Q1 2023 when adjusted for selling days as the Biden Administration recovery continues.

New-vehicle retail sales for March 2024 are also expected to increase when compared with March 2023. Retail sales of new vehicles are forecast at 1,225,000 units, a 10.7% increase from March 2023. New-vehicle retail sales for Q1 2024 are projected at  3,066,500 units, a 4.5% increase from Q1 2023 when adjusted for selling days. Continue reading

Posted in auto news, economy, marketing, milestones, news, news analysis, results, sales, transportation | Tagged , , , , , , , , , , , | Leave a comment

EPA Finalizes Vehicle Pollution Standards for 2027-32

The U.S. Environmental Protection Agency today announced final national pollution standards for passenger cars, light-duty trucks, and medium-duty vehicles for model years 2027 through 2032 and beyond. The standards will have significant effects on the types of vehicles available, how much they cost to buy, own and operate, as well as the economy and public health in a politically dysfunctional country. Let the lawsuits commence, particularly from anti-environmentalists, the Republican party, and fossil fuel funded groups.

“With transportation as the largest source of U.S. climate emissions, these strongest-ever pollution standards for cars solidify America’s leadership in building a clean transportation future and creating good-paying American jobs, all while advancing President Biden’s historic climate agenda,” said EPA Administrator Michael S. Regan. “The standards will slash over 7 billion tons of climate pollution, improve air quality in overburdened communities, and give drivers more clean vehicle choices while saving them money. Under President Biden’s leadership, this Administration is pairing strong standards with historic investments to revitalize domestic manufacturing, strengthen domestic supply chains and create good-paying jobs.” Continue reading

Posted in auto news, economy, energy, engineering, environment, fuel economy or emissions, global warming, litigation, manufacturing, milestones, mobility company, news analysis, public health, transportation | Tagged , , , , , , , , , , , , , | 1 Comment

EV Bedfellows – Nissan and Mitsubishi Sign MoU

Nissan Motor (7201T. NSANY ADR) and Mitsubishi Corporation (8058.T) have signed a memorandum of understanding to pursue a new joint initiative in next-generation-mobility and energy-related services using electric vehicles in Japan. The companies said today that Japan as a country has been addressing issues such as driver shortages due to a declining population, and difficulties maintaining public transportation services due to decreasing numbers of users. Nissan and MC have also been undertaking various initiatives to solve these problems.

Joint initiatives of course have potential economies of scale, reducing the intense capital costs required to develop EVs and autonomous vehicles. This is making for what would have previously been unlikely hookups or strange bedfellows. Nissan and Honda, Two of Japan’s Big Three automakers, previously announced that will study sharing automotive software platforms, core components related to EVs, and complementary products. Continue reading

Posted in auto news, autonomous cars, autonomous vehicles, connected vehicles, economy, electric vehicles, electronics, engineering, milestones, mobility company, news, news analysis, public health, software defined vehicles, software defined vehicles, transportation | Tagged , , , , , , , | Leave a comment

Tracker Off Road OX EVs Recalled for Battery Fires

Textron Specialized Vehicles is recalling Tracker Off Road OX EV light utility vehicles because the lithium ion battery pack catch on fire. Owners should immediately stop using the Tracker OX EV and contact their authorized Tracker Off Road dealer or service center to schedule a free inspection and repair of the battery module.

Textron advises that until the Tracker Off Road dealer or service center has completed this service, do not charge the recalled vehicle and park the recalled vehicle outdoors at least 15 feet away from any buildings or other vehicles.
Continue reading

Posted in customer satisfaction, electronics, mobility company, quality, recalls, safety, transportation | Tagged , , , , , , , , , | Leave a comment

Cummins Settles California Diesel Emissions Case at $46M

The California Air Resources Board (CARB) and California Department of Justice (DOJ) today announced a $46 million settlement with engine manufacturer Cummins Inc. The settlement resolves DOJ and CARB’s claims for violations of California engine emissions control and certification requirements. Cummins made undisclosed changes to ~120,000 engines in California after CARB had certified the engines for sale. In addition, ~2000 Cummins engines had undisclosed auxiliary emission control devices that altered the emissions control system and resulted in emissions that exceeded regulatory limits. This case signals CARB’s improving vehicle testing skills and use of technology to catch and correct air quality violations. Continue reading

Posted in auto news, engineering, environment, fuel economy or emissions, litigation, news analysis, public health, transportation | Tagged , , , , , , , , , | Leave a comment