The Chinese are coming with crash worthy vehicles. Click for more info.
Euro NCAP* released its annual Year in Numbers today where it looks at the highs and lows, as well some of the emerging trends that have appeared during 2022 testing. Perhaps 2022 will be remembered as a record year because Euro NCAP has never conducted as many safety tests or have so many new companies in the program. The addition of Austria and Norway as new members also increased Euro NCAP’s geographic coverage. During 2022, overall, Euro NCAP published a total of 73 safety ratings, of which 67 were for brand-new car models, including 65 models with the lowest safety specification and two ratings for models with optional equipment , plus six for variants of previously tested models.
However, AutoInformed thinks the emerging fresh data on electric vehicles is the most notable result. As in 2021, the EV market continues to expand quickly. During 2022, full electric vehicles made up 22 out of 65 new models, or 34%. Specifically, five out of six Euro NCAP’s Best in Class winners were electric. Europe’s bestselling car the Tesla Model Y and new Model S both achieved Top Scores in Euro NCAP. Perhaps this is a good thing because Tesla’s autopilot is a dismal safety failure on the road, as class action suits in the US attest. Also, since EVs are heavier, it remains to be seen how they affect other non-EVs when the two types collide – so-called crash compatibility. (Two Tesla Recalls – Self Driving Software, Seat Belt Warning) Continue reading →
GM Posts Record $14.5 Billion in Earnings During 2022
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General Motors Co. (NYSE: GM) said today that fourth-quarter 2022 revenue was $43.1 billion, net income attributable to stockholders of $2.0 billion and EBIT-adjusted of $3.8 billion. GM’s full-year 2022 revenue was $156.7 billion, net income attributable to stockholders was $9.9 billion and EBIT-adjusted was a record $14.5 billion. Results were at the high-end of the company’s revised EBIT-adjusted guidance range. GM stock was up almost $3 per share immediately after the announcement.
GM led the US industry in total sales and delivered the largest year-over-year increase in market share of any OEM, because of strong consumer demand for its products and improved supply chain deliveries. GM was number one in total sales; sales of full-size pickup trucks, sales of full-size, large luxury SUVs; and number one in the sales luxury sports cars. (autoinformed.com on GM Investing in Full-Size Truck and SUV Production; Electrifying – Fastest Corvette in History is a Hybrid) Continue reading →