Drip, Drip – GMC Debuts 3X Trim for HUMMER EV Pickup, SUV

Posted on 21 April 2023 by Ken Zino

GMC in Detroit released today new specifications for the 2023 HUMMER EV Pickup and the 2024 GMC HUMMER EV SUV, including the 3X trim for both models of what it calls “the supertruck.” The GMC HUMMER EV line now comes standard with 4-Wheel Steer, CrabWalk3 and Watts to Freedom4 on the Edition 1 and the 3X trim for both Pickup and SUV.

As with the other former ‘Detroit Three ‘companies, marketing is having it two ways for an EV – fast on-road performance and with off-road capability. It is working, at least for GMC – reservations are currently full for the HUMMER EV Pickup and SUV. Just bring money – lots of it – these are priced well over $100,000. (AutoInformed.com on: Annals of EV Marketing – GMC and EarthCruiser; GMC Adds Hummer SUV EV. Direct Selling Without Dealers?) Continue reading →

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Troubled Asset Relief Program Report – Same Villains

Posted on 20 April 2023 by Ken Zino
Ken Zino of AutoInformed.com on CBO - Taxpayer Cost is $31B for Troubled Asset Relief Program

Republicans and their deficits – here we go again.

The Congressional Budget office said today in its latest report on the Troubled Asset Relief Program that TARP’s net cost will be $31 billion. This estimate is about the same as what the agency last reported in May 2022 and similar to OMB’s* latest estimate. As always, the auto industry bailout was positive because it paid a return of $12 billion to taxpayers on capital invested.

The villains here were and are financial institutions. To AutoInformed’s knowledge not one person at the firms responsible has been successfully prosecuted for what was rampant financial fraud that caused the housing and stock markets to collapse as the ratings agencies paid by the swindlers continued to claim the complex financial instruments issued were investment grade when they were indeed junk. Junk bonds – never has a financial instrument been named so honestly . (AutoInformed: CBO – Taxpayer Cost is $31B for Troubled Asset Relief Program) Continue reading →

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Ford F-150 Lighting Debuts in Norway in 2024

Posted on 20 April 2023 by Ken Zino
Ken Zino of AutoInformed.com on Ford F-150 Lighting Debuts in Norway in 2024

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Ford Motor said today in Dearborn that the F-150 Lightning will make its global export debut in Norway’s thriving, electric vehicle market. Norwegian customers can also apply to purchase a limited number of so-called special F-150 Lightning Lariat Launch Edition pickups. The Mustang Mach-E, now available in 39 global markets, debuted in Norway during 2021 and is among the top five vehicles in the market. Ford Motor said last year that it is pursuing zero emissions for all vehicle sales in Europe and carbon neutrality of facilities, logistics and suppliers by 2035.

“In my 25 years at Ford, I’ve never seen anything like the passion and demand I’m seeing from drivers right now to get behind the wheel of our F-150 Lightning. I’ve had customers literally banging on my door and pleading for us to bring the electric pickup to Norway,” said Per Gunnar Berg, managing director, Ford Norway. Continue reading →

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Marijuana – Feel Different Then You Drive Different

Posted on 20 April 2023 by Ken Zino
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Marijuana laws are changing constantly across the country. One thing that hasn’t changed. Impaired driving. Is still illegal. Thursday, 20 April 2023, marks the unofficial marijuana “holiday.” So odds are there will be an increase in marijuana use, says  the U.S. Department of Transportation’s National Highway Traffic Safety Administration.

“High, stoned, wasted, zonked – doesn’t matter what term you use, if you’re impaired, don’t get behind the wheel of a vehicle,” suggests AutoInformed. “We are asking our readers to use judgement, obey the law, and above all make safe choices before your drive any type of vehicle.” Continue reading →

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VW 2023 ID.4 EV Gets $7500 Fed Tax Credit

Posted on 19 April 2023 by Ken Zino
Ken Zino of AutoInformed.com on VW 2023 ID.4 EV Gets $7500 Fed Tax Credit

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Volkswagen said today that all MY23 ID.4 EV models that placed in service this year will be eligible for the full $7500 Federal Tax Credit. ID.4 has a MSRP of $38,995, plus delivery and dealer fees, with the dealer setting the actual selling price. Volkswagen appears to be at this time the only international automaker or offshore brand to have a full battery electric vehicle eligible for the full credit because of local sourcing and assembly.*

“This is great news for consumers in the U.S. because it expands the choice of truly affordable EVs,” said Pablo Di Si, President and CEO of Volkswagen Group of America. “This shows that we made the right decision to localize production of the ID.4 in Tennessee and invest even further in battery production, components and innovation.” Continue reading →

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Alternative Fueling Stations Way Up Since 2020. So What?

Posted on 17 April 2023 by Ken Zino
Ken Zino of AutoInformed.com on Alternative Fueling Stations Way Up Since 2020. So What?

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The latest data in the BTS National Transportation Atlas Database released today show that recent growth in alternative fueling stations for vehicles has been notable for what it includes, as well as what it doesn’t. As of 1 April, the US had more than 70,000 alternative fueling stations up nearly 90% since 1 April 2020, when it had fewer than 40,000 such stations around the country. Alternative transportation fuels include a variety of products, including ethanol, biodiesel, propane, hydrogen, natural gas, and electricity.

Alternative energy sources have been at the forefront of strategies to reduce carbon emissions. This is especially true in transportation, the sector responsible for the most greenhouse gas emissions in the US. However, the US has more than 280,000,000 registered vehicles, begging the question what are we doing about the planet killing use of existing fuels for the vast majority of vehicles that are on and will remain on the roads? Electric vehicle (EV) charging stations have been growing faster than any other fueling categories and now account for about 84% of all alternative fueling stations. Continue reading →

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California Climate Investments – ~$1B in 2022 to Communities With Worst Impacts of Pollution, Climate Change

Posted on 17 April 2023 by Ken Zino
Ken Zino of AutoInformed.com on California Climate Investments - ~$1B in 2022 to Communities With Worst Impacts of Pollution, Climate Change

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The California Air Resources Board (CARB) today released the annual report for California Climate Investments, which highlights that 74% of investments from 2022 – ~ $1 billion- supported communities and households facing greater economic and environmental challenges. The statewide California Climate Investments initiative managed by CARB is a key component of the state’s awakened transition to a carbon neutral, more equitable future.

“California continues to put our cap-and-trade dollars to work through unprecedented investments in zero-emission infrastructure, housing, conservation, and more,” said Yana Garcia, California’s Secretary for Environmental Protection. “The majority of these funds benefit communities disproportionately burdened by pollution and experiencing the impacts of persistent economic inequity. In 2022 alone, we invested nearly $1 billion in under resourced communities to help ensure an equitable transition to carbon neutrality, and to leveraging improved health outcomes in communities suffering from air pollution and other climate impacts.” Continue reading →

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Buick Envista Hatchback Debuts Billed as Crossover SUV

Posted on 17 April 2023 by Ken Zino
Ken Zino of AutoInformed.com on Buick Envista Hatchback Debuts Billed as Crossover SUV

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Buick today revealed the 2024 Envista, a new nameplate in the fast-growing small SUV segment. In marketing speak, Envista has the cargo space and utility of an SUV, packaged inside sporty and sleek proportions typically found in a sedan. Translation – in the Alice in Wonderland world of automotive marketing, Humpty Dumpty eschews using the hatchback word, which for generations of Americans meant cheap front-wheel-drive transportation. German makers are long experienced on the widespread use of this redefinition.

Nonetheless, Envista will among the least expensive SUVs in the segment, starting at $23,4951  –  Sport Touring starting at $25,1951 and Avenir starting at $29,6951. Buick calls it a  premium crossover that is designed to attract migrating sedan owners, young professionals and small families. The 2024 Envista is projected to enter production next month with a summer on sale date. It’s an evolution of and variation of the Korean designed and built Chevrolet Trax. Envista will be built at GM’s Bupyeong plant in South Korea. Continue reading →

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Lancia Pu+Ra HPE – Concept Car or Furniture?

Posted on 15 April 2023 by Ken Zino
Ken Zino of AutoInformed.com on Lancia Pu+Ra HPE - Concept Car or Furniture?

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In Turin this week Lancia revealed the Pu+Ra HPE, a car symbolizing Lancia’s new era. The concept car (marketing babble alert> “Lancia Pu+Ra HPE: Pu+Ra refers to the brand’s new, pure and radical design language, while HPE stands for High Performance Electric, a car that is Eco-sustainable, exciting and evolved, all at the same time. It defines the brand’s vision for the next 10 years, in terms of range, charging time and efficiency, for market-leading performance,” Lancia said.

The acronym HPE was used for the first time in the 1970s for the still stirring Lancia Beta, standing for “High Performance Estate.” Simply put, the provocative design idea is to provide a car whose interior is inspired by Italian design so that it is less car-like and more home-like <video). Continue reading →

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March Global Light Vehicles Sales Up 12%

Posted on 14 April 2023 by Ken Zino
Ken Zino of AutoInformed.com on March Global Light Vehicles Sales up 12%

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The Global Light Vehicle (LV) Seasonally Adjusted Annual Rate (SAAR) rose to 84 million units/year in March, compared to February’s 81 million, according to data just released by the respected LMC Automotive consultancy.* Many countries reported an easing of supply shortages, seen in the increased raw monthly registration figure of 8.2 million units – representing growth of ~12% Year-over-Year. (autoinformed.com on: February Global Light Vehicle Sales Up 11% at 6.5 Million)

The month-on-month (MoM) improvement in the SAAR is largely attributed to the rebounding of the China market as customers took advantage of expiring tax incentives before April, in LMC’s view. Continue reading →

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New EPA Online Guide – Heavy Metal Exposures in Children

Posted on 14 April 2023 by Ken Zino
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The US Environmental Protection Agency today released an online resource guide that links people to a variety  of federal, state, and local resources – in multiple languages – on preventing heavy metal exposures from so-called cultural products.* Children and pregnant people are especially vulnerable to the health risks posed by exposure to heavy metals in some products, which may lead to long-term health risks.

This is one of the promised goals outlined in the 2022 EPA Strategy to Reduce Lead Exposures and Disparities in US Communities. It also advances the Biden-Harris Administration’s dedication to environmental justice and equity. Continue reading →

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US EPA – 2021 Greenhouse Gas Emissions Up

Posted on 13 April 2023 by Ken Zino

The US Environmental Protection Agency (EPA) today released its 30th annual Inventory of U.S. Greenhouse Gas Emissions and Sinks (GHG Inventory). It shows net U.S. greenhouse gas emissions were 5586 million metric tons of carbon dioxide equivalent in 2021, a 6% increase in emissions from 2020. EPA said the increase in planet killing gases is “largely due to a rebound in economic activity following the height of the coronavirus (COVID-19) pandemic.” (autoinformed.com on: US Recovering from Covid. Greenhouse Gasses a Problem; President Biden at COP 27 Pledges US Leadership on Solving the Climate Crisis)

EPA also claimed that emissions have declined overall since 2005 (17%), which in its view reflects the combined impacts of several factors, including energy market trends, technological changes including energy efficiency improvements, and the carbon intensity of energy fuel choices. In this latest release, EPA has made several changes, including updates to estimates for oil and gas and for flooded lands such as hydroelectric and agricultural reservoirs.  Continue reading →

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Stellantis Shareholders Approve €4.2 Billion Dividend

Posted on 13 April 2023 by Ken Zino

Stellantis N.V. (NYSE: STLA)* announced today that all resolutions submitted to the shareholders for approval at the Annual General Meeting of Shareholders (AGM) held in-person and broadcast live via Stellantis’ website were adopted, including the proposal to approve a €4.2 billion dividend distribution on common shares.

The proposed distribution means a payment to the holders of common shares of €1.34 per outstanding common share. Shareholders holding common shares traded on the NYSE will receive $1.463548 per common share based on the official USD/EUR exchange rate reported by the European Central Bank on 12 April 2023. Continue reading →

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EPA Wants Toughest Federal Emission Standards Ever

Posted on 12 April 2023 by Ken Zino
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The U.S. Environmental Protection Agency (EPA) today – as expected from controlled media leaks – announced new proposed federal vehicle emissions standards that historically are the strongest for cars and trucks.

EPA said the new regulations would deliver on President Biden’s promise to tackle the climate crisis and deliver health and economic benefits for all. The combined proposals, EPA said, would avoid ~10 billion tons of CO2 emissions, equivalent to more than twice the total US CO2 emissions in 2022, saving thousands of dollars over the lives of the vehicles meeting the new standards and reduce America’s reliance on approximately 20 billion barrels of oil imports. Yes, but…* Continue reading →

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Land Speed Record Breaker Craig Breedlove Passes at 86

Posted on 11 April 2023 by Ken Zino

Norman Craig Breedlove Sr. passed away yesterday, the Specialty Equipment Manufacturers Association said today in SEMA news update. Breedlove was elected into the Motorsports Hall of Fame of America in 1993, Dry Lakes Racing Hall of Fame (1995), International Motorsports Hall of Fame (2000), and the Automotive Hall of Fame (2009). He also earned life membership in the Bonneville 200 MPH Club (1963).

His plaque at the Automotive Hall of Fame in Dearborn, MI reads: “America’s King of Speed – Craig Breedlove became one of the most popular motorsports personalities in America after breaking the land speed record five times between 1963 and 1965. He was born in Los Angeles, California in 1937 to parents who worked in the movie industry. He bought his first car when he was only 13, and at 16 drove his 1934 Ford hot rod with a supercharged V8 engine to a recorded speed of 154 mph on the dry lakes of the Mojave Desert. Four years later, he drove a supercharged Oldsmobile-powered streamliner to 236 mph on the Bonneville Salt Flats. Continue reading →

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