Ford Recalls Ranger Airbag Recall for Bad Repairs Again

Posted on 8 May 2023 by Ken Zino

Ford Motor Company is recalling more than 230,000 2004-2006 model year Ranger pickups that received replacement front-passenger air bag inflators under a previous recall. The replacement front passenger air bag inflators may have been installed incorrectly, which was also the problem that forced the previous recall and now its latest expansion.

NHTSA made the latest recall public this morning. An incorrectly installed inflator may not properly inflate the passenger air bag, increasing the risk of injury during a crash. (Ford Recalls Ranger Airbag Recall for Unsafe Repair) Continue reading →

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Toyota Auto Insurance Now in California

Posted on 8 May 2023 by Ken Zino

Toyota Auto Insurance,* the Japanese automaker’s “branded” insurance product, is now available to customers living in California, Toyota said today in a release from Plano, Texas. Introduced in some markets in 2021, Toyota Auto Insurance offers customizable coverage at what it claims are affordable rates. California is the US’s most populous state and largest auto market.

Toyota Auto Insurance, underwritten in California by 21st Century Casualty Company, is available for both Toyota and non-Toyota vehicles in a customer’s household. It’s just the latest example of how the auto insurance market with connected cars is being altered by data-based pricing and sophisticated almost real-time risk calculations. Toyota and other automakers are processing and analyzing data from vehicle use from the growing worldwide fleet of connected vehicles Continue reading →

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Department of Transportation Wants Tougher Pipeline Regs

Posted on 5 May 2023 by Ken Zino

The U.S Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA)* today announced it is proposing a new rule to significantly improve the detection and repair of leaks from gas pipelines. As directed by the bipartisan PIPES Act of 2020,** the proposed rule would “deploy pipeline workers across the country to keep more product in the pipe and prevent dangerous accidents. These actions, if finalized, would boost efficiency, cut harmful pollution and waste, and create an estimated up to $2.3 billion annually in benefits,” PHMSA said.

“Quick detection of methane leaks is an important way to keep communities safe and help curb climate change,” said US Transportation Secretary Pete Buttigieg. “We are proposing a long-overdue modernization of the way we identify and fix methane leaks, thereby reducing emissions and strengthening protections for the American people.” Continue reading →

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Drip, Drip, Drip Marketing – Hummer Omega Edition

Posted on 5 May 2023 by Ken Zino
Ken Zino of AutoInformed.com on Drip, Drip, Drip Marketing – Hummer Omega Edition

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GMC revealed today the 2024 HUMMER EV Omega Edition, a limited-edition vehicle with a so-called Neptune Blue Matte1 exterior color that GMC hopes will attract buyers for a set of wheels that will be priced at levels among the planets. Pricing will be announced closer to production, expected in the first half of 2024. However, this is a UAW contract year, which means anything can happen at GM’s Factory ZERO Detroit-Hamtramck Assembly Center5  or the GM plants that supply it. (AutoInformed.com on:Drip, Drip – GMC Debuts 3X Trim for HUMMER EV Pickup, SUV; Annals of EV Marketing – GMC and EarthCruiser; GMC Adds Hummer SUV EV. Direct Selling Without Dealers?)

“The HUMMER EV is one of the hottest vehicles on the market today, and it just got even more desirable with the striking and strictly limited Omega Edition,” said Duncan Aldred, global vice president, Buick-GMC. “With traffic-stopping design provided by the exclusive, space inspired Neptune Blue Matte1 exterior color with premium blacked-out details, the HUMMER EV Omega Edition will be a standout on every city street while continuing to deliver the capability and ground-breaking performance our customers expect from GMC.” Continue reading →

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April US Transportation Sector Unemployment Up Slightly

Posted on 5 May 2023 by Ken Zino
Ken Zino of AutoInformed.com on US Transportation Sector Unemployment Up Slightly

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The unemployment rate in the U.S. transportation sector was 3.8% (not seasonally adjusted) in April 2023 according to Bureau of Labor Statistics (BLS) data posted on the Bureau of Transportation Statistics (BTS) Unemployment in Transportation site.

The April 2023 rate was above the April 2022 rate of 3.6%. This was just above the pre-pandemic April level of 3.7% in 2019. Unemployment in the transportation sector reached its highest level during the COVID-19 pandemic (15.7%) in May 2020 and July 2020 during the Trump administration. Under the Biden administration COVID deaths are now at pre-pandemic levels. Continue reading →

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Porsche Posts €1.8B Operating Profit in Q1 2023

Posted on 5 May 2023 by Ken Zino

Porsche AG achieved solid results in its first quarter after becoming a public company. Sales revenue rose by 26% compared to Q1 last year at €10.10 Billion (previous year: €8.04B). Group operating profit rose by 25.4% from €1.47B to €1.84B. Group operating return on sales at 18.2% was about the same for Q1 last year.

Q1 automotive net cash flow was €1.43B (€778 million). The cash flow margin for the automotive segment rose to 15.3% (10.6 %). Net cash flow for the previous year was of course hurt by disruptions in the supply chain that hurt virtually all global automakers. Porsche increased deliveries to customers by 18% year-on-year in Q1 at 80,767 vehicles (68,426). Continue reading →

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NADA – 2023 US Sales Forecast at 14.6 Million

Posted on 4 May 2023 by Ken Zino

US light vehicle sales for 2023 are now forecast at 14.6 million units, according to Patrick Manzi, Chief Economist  of the National Automobile Dealers Assn. Light-vehicle sales in April 2023 rose significantly year-over-year at a 15.9 million unit Seasonally Adjusted Annual Rate (SAAR), which was an increase of 11.4% compared with a 14.3 million SAAR for April 2022. (AutoInformed: April US Light Vehicle Sales up 10%). This means that April’s volumes were comparable with pre-pandemic levels as the Biden recovery continues. The question is for how long?

“Increased vehicle availability, which alleviated some consumer and fleet pent-up demand, helped fuel the sales rise. According to Wards Intelligence, fleet sales are forecast to account for 16% of April 2023 sales,” Manzi said. “We expect continued sales improvement driven by greater vehicle availability as more OEMs move past the chip shortage. Our forecast for 2023 is 14.6 million units,” according to Manzi. Continue reading →

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Pre-Order 2024 Acura Integra Type S on 11 May

Posted on 4 May 2023 by Ken Zino
Ken Zino of AutoInformed.com on Pre-Order 2024 Acura Integra Type S on 11 May

Click photo for more Information. Given the price, Gold is appropriate.

Acura said this morning in Torrance CA that the 2024 Acura Integra Type S, “best performing Integra ever,” will be available for limited reservations of  the first 200 production units before the high-performance model officially begins arriving at dealerships next month. The pre-order is available at Acura.com/Integra starting 11 May at 10:00 am Pacific time.*

So-called premium features and technologies include heated front sport seats, a 10.2-inch Acura Precision Cockpit™ digital instrument cluster, head-up display, wireless Apple CarPlay® and Android Auto™ compatibility, wireless phone charging and a 16-speaker ELS STUDIO 3D® premium audio system, the 2024 Integra Type S carries a manufacturer’s suggested retail price (MSRP) of $51,9953. Continue reading →

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Ford Motor Q1 Sales, Profits, Cash Flow Up. But…

Posted on 3 May 2023 by Ken Zino
Ken Zino of AutoInformed.com on Ford Motor Q1 Sales, Profits, Cash Flow Up

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Late yesterday Ford Motor posted Q1 2023 revenue of $41.5 billion, up 20% from the same period a year ago on shipments ~1.1 million vehicles, a 9% increase with $1.5B in net income. A year ago Ford posted a net loss of $3.1 billion. However, in an SEC filing today, Ford said it projects restructuring charges between $1.5 billion and $2 billion in 2023 by reducing employees and exiting unprofitable locations. Brazil, Europe and India appear to be likely restructuring targets. US headcount cuts remains an open question.

“The first quarter of organizing around and running the company on behalf of distinct customer groups produced solid operating results and a glimpse of the promise of its Ford+ growth plan,” said Ford CEO Jim Farley. Ford reaffirmed guidance for full-year 2023 adjusted EBIT of $9 billion to $11 billion. Profitability in Q1 was helped by a favorable mix of products, higher net pricing and increased volume and was broadly based geographically. However its EV business is still hemorrhaging money, posting a loss of $722 million. Continue reading →

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Nel Announces Automated Hydrogen Fuel Factory in Michigan

Posted on 3 May 2023 by Ken Zino
AutoInformed.com on Daimler Truck and Rolls-Royce to unite on stationary fuel-cell generators. Courtesy of and Copyright Daimler.

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Nel (NEL.OL) today announced plans to build a new automated electrolyzer manufacturing facility in Michigan. When fully established, the Michigan facility of the Norwegian hydrogen company will have a production capacity of up to 4GW of Alkaline and PEM electrolyzers.*

Nel said it will build on its fully automated Alkaline manufacturing concept invented at Herøya in Norway. The company’s expansion of the facility in Wallingford will play a critical role in creating a blueprint for scaling up the production of PEM electrolysers. Continue reading →

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April US Light Vehicle Sales up 10%

Posted on 3 May 2023 by Ken Zino

US light vehicle sales grew by 10.2% year-on-year (YoY) in April to 1.36 million units, according to according to preliminary estimates just released by the LMC Automotive* consultancy. This means that April’s volumes were comparable with pre-pandemic levels as the Biden recovery continues. In month-on-month (MoM) terms, April is forecast to be up slightly (+0.2%), even though seasonality would normally suggest that March would be a significantly stronger month – and it had an additional selling day compared to April, LMC noted. (March Global Light Vehicles Sales Up 12%; US New Vehicle Sales Soar in April 2023 at 1.3 Million)

“While sales throughout 2023 to date had given us some reason to be encouraged, the April result was comfortably the most impressive outcome since 2021. As the market appears to be finally moving beyond supply chain woes, and pricing begins to become slightly more favorable to the consumer, thanks to higher incentives, we are now seeing sales comparable to pre-pandemic levels. There are some differences with the pre-COVID landscape – customers are waiting longer for vehicles, as OEMs learn the benefits of tighter inventories – but in some ways the market is returning to something approaching normal,” said David Oakley, Manager, Americas Sales Forecasts, LMC Automotive. Continue reading →

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Subaru of America April Sales Up 11.5 %

Posted on 2 May 2023 by Ken Zino

Subaru of America today reported 51,014 vehicle sales for April 2023, an 11.5% increase compared with April 2022 (45,748). SOA also reported year-to-date sales of 194,390, a 9% increase compared with the same period in 2022.

In April, Outback led by volume with 15,263 sales. Impreza sales for April 2023 at 36oo increased 113% over the same month in 2022, while WRX posted a 78% increase at 2700. BRZ sales  at 507 increased 70%, and Forester sales at 9700 increased 57% compared to April 2022. In addition, 603 of the all-electric Solterra SUVs were delivered in April. Continue reading →

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Hyundai Motor America April Sales up 15%

Posted on 2 May 2023 by Ken Zino

Hyundai Motor America today reported total US April sales of 70,812 units, a 15% increase compared with April 2022. It was the second best April in Hyundai history.

Hyundai set best-ever total sales in April for Elantra HEV (+57%), Elantra N (+6%), Kona EV (155%), Santa Fe HEV (+259%), Tucson PHEV (+47%), Tucson HEV (+101%) and Santa Cruz (+14%). Hyundai fleet sales were 5,917 and represented 8% of total volume for the month. Continue reading →

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PACCAR, Toyota to Sell Fuel Cell Trucks in 2024

Posted on 2 May 2023 by Ken Zino
Ken Zino of AutoInformed.com on PACCAR, Toyota to Sell Fuel Cell Trucks in 2024

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PACCAR* and Toyota Motor North America (NYSE:TM) announced today an expansion of their joint efforts to develop and produce zero emissions, hydrogen fuel cell (FCEV) Kenworth and Peterbilt trucks powered by Toyota’s next-generation hydrogen fuel cell modules.

The expanded agreement supports ongoing development and sale of zero-emission versions of the Kenworth T680 and Peterbilt 579 models with  Toyota’s hydrogen fuel cell powertrain kit. Initial North American customer deliveries are planned for 2024. (CARB Approves Toyota HD Fuel Cell Electric Powertrain Kit) Continue reading →

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Volta Trucks Pilot EVs – US Debut in Late 2023

Posted on 2 May 2023 by Ken Zino
Ken Zino of AutoInformed.com on Volta Trucks Pilot EVs US Debut in Late 2023

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Volta Trucks, a startup all-electric commercial vehicle maker and services company, has announced a partnership with EAVX, a business unit within J.B. Poindexter & Co., Inc. (JBPCO), to build the truck bodies for the upcoming Pilot Fleet of all-electric Volta Zeros* in the US. (Volta Trucks Says it Has a US Market Strategy)

The so-called “Driving Experience Program” in the US will be launched late in 2023 for fleet operators to assess a Pilot Fleet of Volta Zeros in real distribution environments to understand how the electric delivery trucks will integrate into their operations. A similar program is currently launching across six European countries. The program in the US will start on the west coast, ahead of a roll out of production vehicles expected in 2024. Continue reading →

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