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Category Archives: transportation
Penske Automotive Group Posts Record Q4 Revenue of $7.7B
“I am pleased with our financial performance during the fourth quarter. Revenue increased 6% to $7.7 billion, a quarterly record. New and used automotive gross profit per unit retailed remained strong, including a $74 per unit sequential increase in new vehicle gross profit per unit retailed when compared to the third quarter of 2024, and same-store service and parts revenue and gross profit increased 7% and 9%, respectively,” said Chair Roger Penske.
The Company’s Board of Directors has approved a quarterly dividend of $1.22 per share, representing an increase of 2.5%, or $0.03 per share. This represents the Company’s 17th consecutive quarterly increase. The dividend is payable March 6, 2025, to shareholders of record as of February 24, 2025.
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Posted in auto news, economy, insurance, marketing, mobility company, news analysis, results, sales, shows and events, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, penske automotive group, Penske Transportation Solutions, Premier Truck Group, roger penske, X @KenAutoinformed
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Global Warming – U.S. Lags on EV Truck Battery Swapping
China is currently the largest market for deploying battery swapping trucks, The American Council for an Energy-Efficient Economy* said this morning in a well-researched and extensive analysis of zero-emission truck strategies. In 2023, 14% of all zero-emissions heavy-duty vehicles sold (12-month average) in China were swap-capable (Jin and Mao 2024). Tractor-trailers and dump trucks were the main applications for battery swap-capable HDVs. In China, 50% of zero-emissions tractor-trailers and 53% of zero-emissions dump trucks sold in 2023 were swap-capable.
Battery swapping is also emerging in other international markets. Janus Electric, an Australian manufacturer, advertises ranges of around 250 – 370 miles for its HDV technology that allows for battery swapping. In Japan, Ample, Inc., an American-based battery swapping company focused on light- and medium-duty electric vehicles serving shorter ranges, and Mitsubishi Fuso is piloting its technology with Mitsubishi’s light-duty eCanter electric truck using Ample’s battery swapping technology The pilot will test battery swapping for shorter driving ranges (~62-200 miles) in an urban environment. Continue reading
Posted in auto news, electric vehicles, environment, fuel economy or emissions, global warming, news, news analysis, public health, transportation
Tagged ACEEE, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, The American Council for an Energy-Efficient Economy, X @KenAutoinformed
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Hybrid Crossing Beacons Often Ignored by Pedestrians
Traffic signals known as pedestrian hybrid beacons (PHBs) allow walkers who need to cross a busy road to evoke a stoplight by pressing a button. However, while the devices are great at getting drivers to yield, many pedestrians don’t bother to activate them before crossing, a new study from the Insurance Institute for Highway Safety shows. Pedestrians are more likely to activate rectangular rapid flashing beacons (RRFBs), even though they’re less effective at getting drivers to stop.
“It’s well-documented that both of these common pedestrian warning signals make drivers more likely to yield and allow walkers to cross the street safely,” said IIHS President David Harkey. “But they can only do that if pedestrians push the button to activate them. This study offers valuable lessons for how we can make that more likely.” Continue reading
Posted in auto news, news analysis, people, safety, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, David Harkey, insurance institute for highway safety, Ken Zino, pedestrian hybrid beacons, Raul Avelar, rectangular rapid flashing beacons, X @KenAutoinformed
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First Look – 2025 BMW R 18 Heritage Series Motorcycles
BMW Motorrad USA today announced an updated R 18 family of Heritage series of cruising motorcycles, presumably not to take advantage of the non-cycling weather. MSRP pricing for the new 2025 BMW R 18 models, not including destination, is $15,395 (R 18), $18,395 (R 18 Classic), $18,995 (R 18 Roctane), $20,375 (R 18 B), and $24,395 (R 18 Transcontinental). There’s an increase of 4 lb.-ft. of torque to 120 lb.-ft for all R 18 models. And all are Euro 5+ emissions compliant. For 2025, all R 18 models gain 4 ft.-lb. in torque at 3000 rpm ( up to 120 lb.-ft) and meet the latest Euro 5+ emissions standards. More than 110 lb.-ft. of torque is available between 2000 – 4000 rpm. Power from the 1802 cc air/oil cooled boxer twin engine remains at 91 horsepower.
“Even more riding fun ,that was our goal when revising the BMW R 18 and R 18 Classic. We have refined the design, added numerous improvements in terms of detail and comfort and made the R 18 even more fun to ride with the 18-inch rear wheel. In addition to new finishes and equipment, the BMW R 18 Roctane, R 18 B and R 18 Transcontinental have also undergone a technical revision to bring the entire BMW R 18 range into line with the EU 5+ standard,” said Markus Lederer, Head of BMW Boxer Series Continue reading
Posted in design and styling, marketing, mobility company, motorcycles, news analysis, shows and events
Tagged (R 18 Roctane, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BMW R 18 Heritage Series Motorcycles, Ken Zino, R 18, R 18 B, R 18 Classic, R 18 Transcontinental, X @KenAutoinformed
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Illegal Chinese Diesel Engines – Fayat Group Fined
The Justice Department and the Environmental Protection Agency (EPA) have announced a settlement agreement with Fayat S.A.S. and nine of its subsidiaries – BOMAG GmbH, Bomag Americas Inc., BOMAG (China) Construction Machinery Co. Ltd., MARINI S.p.A., RAVO B.V., Charlatte of America Inc., PTC S.A.S., Secmair S.A.S. and MATHIEU S.A. – for alleged violations of the Clean Air Act’s mobile source emission standards regulations.
“Fayat failed to ensure that the equipment it introduced into the United States market complied with Clean Air Act requirements designed to protect the public’s health from harmful emissions,” said Assistant Attorney General Todd Kim of the Justice Department’s Environment and Natural Resources Division (ENRD). “We will not tolerate violations of Clean Air Act standards. The settlement requires both a substantial civil penalty and a project that will reduce emissions in the Mobile, Alabama, area and contribute to improved public health.” Continue reading
Posted in environment, news analysis, public health, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, clean air act, doj, epa, Fayat Group, Ken Zino, Mobile Alabama diesel tugboat, mobile source emission standards, nitrous oxides, U.S. District Court for the District of Columbia, X @KenAutoinformed
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More Green Economy Jobs Coming to Michigan
Four economic development projects in Southeast Michigan representing~ $55 million in capital investment and 167 jobs in Wayne and Oakland counties were announced today by Governor Gretchen Whitmer. 3E Nano Inc, dba NxLite is a company providing nano-thin energy and solar control coatings for the polymer, glass, and window industries. Robert Bosch LLC., part of the Bosch Group intends to create a Regional Hydrogen Research and Development Hub at the company’s Farmington Hills headquarters. Envergia recovers minerals and metals from recycling of industrial lithium-ion and EV batteries. Software company dSPACE.
“Today, we are investing in advanced manufacturing companies across Southeast Michigan to create 167 good-paying jobs and build on our work to grow Michigan’s economy,” said Governor Whitmer. “From battery recycling to software testing to research and development, we are bringing good-paying, high-tech jobs home to Michigan, creating opportunities for our workers and securing the automotive supply chain.” Continue reading
Posted in auto news, connected vehicles, economy, electric vehicles, energy, engineering, environment, manufacturing, milestones, news analysis, shows and events, transportation
Tagged 3E Nano Inc, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, David Mather, Ken Zino, MEDC, Michigan Economic Development Corporation, Michigan Governor Gretchen Whitmer, Michigan Strategic Fund, NxLite, Peter Tadros, robert bosch, X @KenAutoinformed
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Toyota’s Hino Motors Emissions Fraud – $1.6B Plea Deal
The U.S. Justice Department, Environmental Protection Agency (EPA), FBI, Customs and Border Protection (CBP), Department of Transportation’s Office of Inspector General (DOT-OIG), National Highway Traffic Safety Administration (NHTSA), and State of California reached criminal and multiple civil resolutions, valued at more than $1.6 billion, with Hino Motors Ltd., Hino Motors Manufacturing U.S.A., Inc. and Hino Motors Sales U.S.A., Inc. (collectively, Hino) for violations related to the submission of false and fraudulent engine emission testing and fuel consumption data to regulators and the illicit smuggling of engines into the United States. These resolutions are subject to approval by the U.S. District Court for the Eastern District of Michigan.
“Hino knew the requirements that engines must meet to be certified to operate in the United States, yet it falsified data for years to skirt regulations,” said Assistant Attorney General Todd Kim of the Justice Department’s Environment and Natural Resources Division (ENRD) yesterday. “Hino’s actions led to vast amounts of excess air pollution and were an egregious violation of our nation’s environmental, consumer protection and import laws.” Continue reading
Posted in auto news, car sharing, engineering, environment, fools 'n frauds, global warming, litigation, milestones, news analysis, public health, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, California Department of Justice, carb, department of justice, epa, fbi, Hino Motors Ltd., Hino Motors Manufacturing U.S.A., Hino Motors Sales U.S.A., Justice Department case 198-01902, Ken Zino, Toyota subsidiary Hino Motors, X @KenAutoinformed
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Seventh Big Rigging Guilty Plea in Michigan Asphalt Industry
The former president of a Michigan asphalt paving company pleaded guilty last Wednesday for his role in a conspiracy to rig bids for asphalt paving services contracts in Michigan, the U.S. Justice Department said today. Documents filed in the U.S. District Court for the Eastern District of Michigan, show that Timothy Baugher, former president of Pontiac-based Asphalt Specialists LLC (ASI), conspired with F. Allied Construction Company Inc. (Allied), and employees from those companies to rig bids in each other’s favor. Baugher participated in the conspiracy from July 2017 through May 2021.
Wednesday’s guilty plea is the 10th in the Antitrust Division’s ongoing investigation into collusion in the Michigan asphalt paving industry. Baugher’s former employer, ASI, and another former ASI executive also pleaded guilty for their participation in the conspiracy with Allied in January 2024. Allied and two of its executives previously pleaded guilty in August 2023 for their participation in the conspiracy. On Aug. 15, 2024, ASI was sentenced to pay a fine of $6,500,000.
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Posted in auto news, car sharing, fools 'n frauds, litigation, news analysis, people, transportation
Tagged Asphalt Specialists LLC, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Doha Mekki, F. Allied Construction Company, Ken Zino, Timothy Baugher, U.S. Justice Department Antitrust Division, X @KenAutoinformed
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Goodyear to Sell Dunlop Brand to Sumitomo Rubber Industries
The Goodyear Tire & Rubber Company (NASDAQ: GT) has announced that it has signed a definitive agreement to sell the Dunlop brand, together with certain associated intellectual property, to Sumitomo Rubber Industries Ltd. (TYO: 5110). The deal includes trademarks and intangible assets necessary for operations of the brand business in Europe, North America and Oceania for consumer, commercial and other specialty tires. The transaction is subject to regulatory approvals, other customary closing conditions and consultations and is expected to close by mid-2025.
“This is another important milestone as we continue to execute against our Goodyear Forward transformation plan. We are optimizing our portfolio and reducing leverage to drive sustainable and substantial shareholder value creation,” said Mark Stewart, Goodyear Chief Executive Officer and President. “Not only does the transaction deliver significant value for our shareholders, it better positions Goodyear to enhance our focus on the growth of our core brands.” Continue reading
Posted in aftermarket, auto news, car sharing, manufacturing, marketing, milestones, motorcycles, news analysis, shows and events, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Christina Zamarro, Dunlop tire brand, Dunlop trademarks, Goodyear Tire & Rubber Company, Ken Zino, Mark Stewart, Sumitomo Rubber Industries, X @KenAutoinformed
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EPA Fines Iowa 80 and Joplin 44 Truck Stops
Two truck stops in Iowa and Missouri – Iowa 80, advertised as “the world’s largest truck stop,” and Joplin 44 – agreed to pay a combined $390,784 to resolve alleged violations of the federal Clean Water Act, the U.S. Environmental Protection Agency said today. According to EPA, the truck stops failed to comply with regulations intended to protect water bodies from petroleum discharges.
“This settlement represents the federal government’s commitment to protecting our nation’s waterways and creating a level playing field for businesses who are complying with the law,” said EPA Region 7 Enforcement and Compliance Assurance Division Director David Cozad. Continue reading
Posted in auto news, car sharing, environment, litigation, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, David Cozad, EPA Region 7, Iowa 80, Joplin 44, Ken Zino, SPCC, Spill Prevention Control and Countermeasure plans, X @KenAutoinformed
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Milestones 2025 – the Goodyear Blimp 100th Anniversary
The Goodyear Tire & Rubber Company (NASDAQ: GT) will celebrate the 100th anniversary in 2025 of the Goodyear Blimp with flights over more cities to appearances at new events, and chances for fans to fly. There will also be “limited-edition … Continue reading
Posted in aftermarket, aviation, marketing, milestones, news, shows and events, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Goodyear Blimp, Goodyear Blimp 100th Anniversary, Goodyear Blimp Pilgrim, Goodyear Tire & Rubber Company, Ken Zino, Mark Stewart, X @KenAutoinformed
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Significant 2024 Automotive Stories and Trends
Once again at the beginning of 2025 AutoInformed notes – matter-of-factly – that its vision is 20-20 on the consequences of long past occurrences. However, in the here and now our perception is cloudy. We do not have the advantages of historians re-assessing events years later with help from other news outlets, blogs, letters, memoirs, magazines and whatever new forms of expressed thought emerge. Thus far the most valued revisions and nuanced interpretations appear in books and essays after more documents and perspectives surface from the players or perpetrators engaged in them. These are not yet available, and under Trump 2.0 they would likely be banned anyway. Continue reading
Posted in auto news, AutoInformed Editorial, car sharing, connected vehicles, economy, environment, fools 'n frauds, global warming, labor issues, manufacturing, marketing, news, news analysis, sales, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration, George Santayana, industrial policy, Ken Zino, Trump 2.0, X @KenAutoinformed
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US Electrified Vehicle Sales Soar in 2024
The Bureau of Transportation Statistics (BTS) today released its monthly update to National Transportation Statistics (NTS), a guide to historical national-level transportation trends. Of interest to AutoInformed are trends in Gasoline Hybrid and Electric Vehicle Sales; the Average Age of Automobiles and Trucks in Operation; and U.S.-Canadian and U.S.-Mexican Border Land-Freight Gateway Travel and Goods Movement.
A trend of note is that during the last three years, sales of Hybrids, EVs and PHEVs have come close to doubling, representing ~2,500,000 in annual sales during 2024. Continue reading
Posted in electric vehicles, environment, global warming, news analysis, sales, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Bureau of Transportation Statistics, Ken Zino, U.S. National Transportation Statistics, X @KenAutoinformed
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Toyota Develops New 3rd Gen Fuel Cell System
“The all-new 3rd Gen FC System is designed to meet the particular needs of the commercial sector with the same durability as conventional diesel-powered engines. Additionally, the new system features significant improvements in performance, including fuel efficiency and a significant reduction in costs compared to the prior version. In addition to passenger vehicles, the 3rd Gen FC System will be expanded for use in heavy-duty commercial vehicles, and is planned for introduction in markets mainly in Japan, Europe, North America, and China after 2026 at the earliest,” Toyota said. Continue reading →