US New Vehicle Sales in May Forecast as Record Setting. Global Sales are Another Matter Entirely

Posted on 27 May 2021 by Ken Zino
Ken Zino of AutoInformed.com on US New Vehicle Sales in May Forecast as Record Setting

The Biden Administration Covid Recovery Plan continues to work.

New-vehicle retail sales for May 2021 are forecast to be the highest ever recorded for the month of May, according to a joint prediction from J.D. Power and LMC Automotive. Retail sales for new vehicles could reach 1,388,600 units, a 34.0% increase compared with May 2020, and a 10.6% increase compared with May 2019. May 2021 has the same number of selling days as May 2020 and May 2019. May is usually one of the highest-volume sales months with buying activity peaking around the Memorial Day weekend when manufacturers typically offer incremental incentives.

Total new-vehicle sales for May 2021, including retail and non-retail transactions, are projected to reach 1,555,600, a 39.6% increase from May 2020 and a 1.9% decrease from May 2019. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 16.7 million units, up 4.7 million units from 2020 but down 0.7 million units from 2019. The overall sales results for manufacturers will be mixed. Some are experiencing greater production problems because of semiconductor shortage. This will hurt, perhaps materially in the financial sense, various manufacturers monthly sales and profit performance for May and the months to come. Continue reading →

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BMW Group – Hydrogen is Key Technology for Future

Posted on 27 May 2021 by Ken Zino
Ken Zino of AutoInformed.com on BMW Group – Hydrogen is Key Technology for Future

Plant Leipzig’s fourth hydrogen filling station (left to right): Michael Kretschmer, Minister President of Saxony, Hans-Peter Kemser, Director of BMW Group Plant Leipzig, and Dr. Reiner Haseloff, Minister President of Sachsen-Anhalt.

BMW Group said today that it has clear goals for effective climate protection and sustainable mobility up to the year 2030 – and its products and production are affected.

“Our solution to the challenges of environmental policy is technological innovation. Technology is where the key to the future lies – and it’s our constructive response for climate protection,” said Hans-Peter Kemser, Director of BMW Group Plant Leipzig. Leipzig aims not only to be carbon-neutral but also to operate carbon-free production. “Our vision is to fully de-carbonize production by replacing fossil fuels with future fuels in the shape of green hydrogen,” he added. Continue reading →

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Ford to Up Electrification Spend to $30B by 2025. Wants 40% All-Electric Global Volume By 2030

Posted on 26 May 2021 by Ken Zino
Ken Zino of AutoInformed.com on Ford+ reorganization

Ford’s latest attempt at platform commonality. Click to Enlarge.*

Ford Motor finally embraced conventional industry wisdom today – the future is electronic and digital  –  at an event for investors hyped as  “Delivering Ford+.” It also attempted to counter the widespread opinion that it is behind the industry in its move toward electrification. (GM Doubles Down on EVs in Bid to Win Global Race, Volvo to Only Sell EVs Online as a Pure EV Company by 2030, Toyota, Subaru at Shanghai Introduce Latest Joint-Venture EVs)

Ford claims it is breaking away from a “transactional, build-and-sell business model” that it has used for decades. Instead, Ford+ is characterized by “close, enduring customer relationships – enabled by the company’s foundational strengths, improving financial performance, and capabilities and investments in disruptive technologies.”

Well, one wild card is the great unknown about the future of internal combustion engines that Ford is heavily dependent on. Will the change to EVs mean big write offs or mark downs of the value of existing plants, tooling and the elimination of jobs? Another potentially negative is Ford’s dismal record of introducing and then incurring huge warranty costs of complex vehicles with electronics. It has cost stockholders billions of dollars. Fixing these huge warranty costs is potentially worth $1-$2 billion annually given recent history. Continue reading →

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Hyundai Motor Teases “Enhanced” XCIENT Fuel Cell Truck

Posted on 25 May 2021 by Ken Zino
Ken Zino of AutoInformed.com on Hyundai XCIENT Hydrogen Fuel Cell Truck

Hyundai shipped only 46 XCIENTs to Switzerland in 2020. Click to Enlarge.

Hyundai Motor Company has released images of its newly “upgraded” XCIENT Fuel Cell truck.

In a running battle with Toyota, Hyundai claims this will be the world’s first mass-produced, heavy-duty truck powered by hydrogen. Hyundai will begin production of 2021 XCIENT Fuel Cell in August this year. It’s a slow moving vehicle – road block? – at 85 km/h. *(Toyota Gen 2 Prototype Fuel-Cell Trucks to Start Drayage Runs at the Ports of L.A. and Long Beach. Carbon Free Hauling) Continue reading →

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Hyundai Revises Ioniq 5 EV for 2022 with New Platform

Posted on 25 May 2021 by Ken Zino
Ken Zino of AutoInformed.com on 2022 IONIQ 5

Click to enlarge

Hyundai has shown its ‘all-new’ 2022 IONIQ 5 for the North American market. The electric crossover utility vehicle (CUV) has a targeted driving range of ~300 miles, relevant connected car technology and a claimed best-in-class ultra-fast charging from 10% to 80% in 18 minutes. IONIQ 5 is built on Hyundai’s Electric-Global Modular Platform – E-GMP – that allows for more interior space and optimized performance, according to the Korean automaker. IONIQ 5 is part of Hyundai Motor Group’s plan to introduce 23 BEV models and sell 1 million BEV units worldwide by 2025. IONIQ 5 goes on sale this fall with a pre-reservation program for early purchasers.

IONIQ 5’s crossover body has short overhangs due to its elongated wheelbase. Measuring 182.5 inches in overall length, 74.4 inches wide and 63.0-inches tall on a 118.1-inch wheelbase, IONIQ 5 offers a large-car- interior space in a compact CUV. In fact, IONIQ 5’s wheelbase is almost 4 inches longer when compared with a Hyundai Palisade mid-size CUV, but its overall length is 14 inches shorter than Palisade’s. Continue reading →

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Ford Introduces All-Electric F-150 Lightning Pro – Bring Money

Posted on 24 May 2021 by Ken Zino

en Zino of AutoInformed.com on Ford All-Electric F-150 Lightning Pro FrunkThe all-electric 2022 F-150 Lightning Pro due next year with a platform that adds the means to improve productivity and reduce operating costs will start at $39,974 with standard battery and dual motor power 4×4 targeting 426 horsepower** and an EPA-estimated 230 miles of range. The more useful  extended-range version hopes to claim 563 horsepower** and an EPA-estimated range of 300 miles†. It starts at an MSRP* of $49,974, Ford Motor said today. (EV Pickup! Ford is Betting Lightning Can Strike Twice)

Ford is the only automaker, thus far, to offer an 80-amp charge station as standard equipment with the so-called extended-range truck. It uses the only dual onboard charging system in the industry to cut the 15%-to-100% charge time to roughly eight hours for the hoped-for EPA-estimated 300-mile-range. This might help “reduce charging infrastructure investments and battery wear,” but this is Ford speculating about what remains a core issue with EVs – the ability to charge them and America’s outdated grid and infrastructure that the Republicans refuse to cooperate with job-creating Democrats to update. Continue reading →

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California Mandates Zero-Emissions Ridesharing Vehicles

Posted on 22 May 2021 by Ken Zino
Ken Zino of AutoInformed.com on California Mandates Zero-Emissions Vehicles for Ridesharing

This is also consistent with  public commitments that ridesharing companies have made. Now, they will actually have to solve the problem.

The California Air Resources Board has mandated that rideshare companies begin electrification of their  fleets starting in 2023. This is the latest step in California’s longstanding – pre- and post-Trump – quest of meeting what are now the state’s 2030 climate goal of cutting greenhouse gas (GHG) emissions 40% below 1990 levels and achieving carbon neutrality by 2045. This aids implementation of Governor Newsom’s Zero Emission Vehicle Executive Order (N-79-20) , aka the state’s air quality goals.

The transportation sector accounts for almost 50% of GHG emissions in California and is responsible for the majority of the state’s air pollution. Though rideshare vehicles are a relatively small portion of California’s vehicle fleet, they often travel many miles beyond the average of other vehicles, so electrifying them can provide significant environmental benefits. Continue reading →

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First Look – 2022 Hyundai Tucson

Posted on 21 May 2021 by Ken Zino
Ken Zino of AutoInformed.com on 2022 Hyundai Tucson

A pleasant up to date SUV in a crowded segment. Click to Enlarge.

Will the last passenger car maker please turn out the lights when exiting? That’s the way things are heading industry-wide as the 2022 Hyundai Tucson motors into a marketplace overwhelmed by SUVs and trucks. Hyundai Motor America’s total March SUV sales were up 133% compared with March 2020. Hyundai’s 2021 first quarter SUV sales are up 41% year over year. SUVs now represent 67% of total Hyundai vehicle sales. Easy to understand why Hyundai plans twelve new and “significantly enhanced” SUVs through calendar year 2021.

The most notable thing about the latest Tucson is that a sub-compact  albeit long-wheelbase version was developed for the U.S. and Canadian markets to meet buyer demand for bigger vehicles. Tucson now offers a 2.5-liter, direct-injected and multi-port-injected gasoline engine as well as a 1.6-liter, direct-injected, turbocharged hybrid and plug-in hybrid powertrains. Continue reading →

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First Look – Kia EV6 Joins Electrification Parade

Posted on 20 May 2021 by Ken Zino

Ken Zino of AutoInformed.com on Kia battery-electric EV6The first dedicated Kia battery-electric vehicle, the EV6 crossover, comes to the “US early in 2022,” after a global reveal last March. EV6 goes on sale in all 50 states, but the performance GT version won’t be available until late 2022. So much for Kia’s original positioning as the sporty brand within the Hyundai auto conglomerate.

Starting with the EV6, Kia’s lineup will  the “EV” designation followed by a number that indicates the car’s position in the lineup. The so-called E-GMP* modular platform allegedly “maximizes development efficiency and enables the Kia brand to expand its dedicated EV portfolio across multiple vehicle segments – sedans, CUVs, SUVs – in a short time and with minimal complexity.” (Hyundai Motor, Kia to build American-made Electric Vehicles) Continue reading →

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EV Pickup! Ford is Betting Lightning Can Strike Twice

Posted on 20 May 2021 by Ken Zino
Ken Zino of AutoInformed.com on Ford F-150 Lightning EV pickup

The original Lightning – a fast V8-powered gas guzzler – was the first truck on the cover of Car and Driver.

F-Series, America’s best-selling truck for four decades is about to offer the F-150 Lightning with full electrification and connected technology. Lightning will have an aimed for 563 horsepower and 775 lb.-ft. of torque – the most torque of any F-150, and the ability to power a home if needed. Powered by dual in-board motors and with standard 4×4, F-150 Lightning has a high-strength, aluminum alloy body, a new independent rear suspension claims improved ride comfort, while an all-new frame uses the strongest steel ever put in an F-150 frame and supports a maximum 2,000-pound payload and up to 10,000-pound towing capacity. (Ford – 100 Years of Trucks – 1917 Model TT to 2017 Raptor)

Two giant questions lurking the floors of the Dearborn Glass House are: When Ford builds it next year in 2022 will they come; Can Ford build a complicated new technology vehicle without a series of recalls, glitches and bugs that have been standard equipment on previous high-technology launches including the current generation Explorer? (See AutoInformed* below) Another unknown is EV tax credits. The maximum Federal tax credit is $7,500 for any vehicle no matter the cost. It ceases for automakers at 200,000 total EVs sold. Both General Motors and Tesla have hit the subsidy wall and currently do not qualify for the $7,500 tax credit. The Biden Administration could change this. Continue reading →

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Stellantis, Foxconn JV for Digital Cockpits, Connected Services

Posted on 18 May 2021 by Ken Zino

Ken Zino of AutoInformed.com on Stellantis and Foxconn to Create Digital Cockpits, Connected ServicesStellantis NV (NYSE / MTA / Euronext Paris: STLA) and Hon Hai Precision Industry Co., Ltd., (“Foxconn”) (TPE: 2317), together with its subsidiary FIH Mobile Ltd., (“FIH”) (HKG:2038), today announced the signing of a non-binding memorandum of understanding to form Mobile Drive, a 50/50 voting rights joint venture aimed at accelerating development timelines to bring “in-vehicle user experiences enabled by advanced consumer electronics, HMI interfaces and services.”

Leaving the marketing babble aside, Mobile Drive will combine Stellantis’ global vehicle design and engineering with Foxconn’s development in the changing software and hardware realms of smartphones and consumer electronics. It’s hoped that the combination will position Mobile Drive ahead of other automakers in the global race to global provide in-cabin information and entertainment capabilities. At best these could be connected inside and outside the vehicles in which they are installed. Continue reading →

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Canoo Lifestyle Van or Pickup Priced at $35-50k

Posted on 17 May 2021 by Ken Zino
Ken Zino of AutoInformed.com on Canoo Lifestyle van pre-orders

The bare-bones chassis from a bare bones startup with big ideas to flesh out.

EV startup Zoom said today that pre-orders are now open for purchases of its so-called Lifestyle van and Pickup Truck. Starting today, the Lifestyle vehicle, MPDV and pickup truck can be reserved in the United States with a $100 deposit per vehicle at www.canoo.com. The Lifestyle Vehicle will be the first vehicle to market late in 2022, it’s promised, and has targeted pricing starting from $34,750 -$49,950i for Delivery, Base and Premium models, before incentives, or optional equipment. Range topping Adventure trim pricing will be announced in the coming months. Deliveries for the Pickup truck and scaled production for MPDV are scheduled to begin “as early as 2023.” (First Look – Canoo EV Pickup Truck)

It’s not coincidental that Zoom is scheduled to announce its Q1 financial results after the New York markets close. The larger story, perhaps, is the company, not the vehicle. Canoo is a Los Angeles-based company that has, arguably, pioneering technologies. Its business model drops traditional ownership and is a glimpse at the future of automobility that other companies are also pursuing. Canoo will not have a physical sales network. The company will offer its product directly to customers via subscription, not ownership. Continue reading →

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Hyundai Motor, Kia to build American-made Electric Vehicles

Posted on 14 May 2021 by Ken Zino
Ken Zino of AutoInformed.com on Hyundai Motor Group to Invest $7.4 Billion in U.S. by 2025

Hyundai Delivers First 2019 NEXO Fuel Cell SUV December 2018.

Hyundai Motor Co. and Kia Corp. plan to invest $7.4 billion in the U.S. by 2025 to produce future EVs, enhance production facilities and further its outlays in smart mobility solutions. The Korean automaker claims Hyundai Motor Group’s investment will enhance overall product competitiveness by highlighting future mobility technologies, including electrification and hydrogen energy.

Hyundai Motor will offer a line of American-made electric vehicles to U.S. consumers starting next year. Hyundai and Kia will monitor the market conditions and U.S. government EV policy to finalize its plan to enhance its U.S. production facilities and gradually expand its local EV production. Continue reading →

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Honda Motor Posts FY 2021 Operating Profit of ¥660.2 Billion

Posted on 14 May 2021 by Ken Zino

Ken Zino of AutoInformed.com on Honda Motor Profit of 660.2 billion Yen FY 2021Honda Motor today in Japan said that notwithstanding unfavorable factors such as a decrease in demand due to the impact of the COVID-19 pandemic and the impact of semi-conductor supply shortages, it made a consolidated operating profit for the fiscal year ended March 31, 2021 (FY21) of 660.2 billion yen ($6.036B). This was due “primarily to control of selling, general and administrative (SG&A) expenses and cost reduction efforts based on a review of business activities, as well as an increase in profit due to a year-on-year difference in the amount of the provision for credit losses recorded for financial services business.”

Consolidated profit for the year attributable to owners of the parent company faced a year-on-year increase that amounted to 657.4 billion yen, due also to an increase in the share of profit of investments accounted for using the equity method. Continue reading →

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Mazda FY 2021 Financial Results – Net Income -81%

Posted on 14 May 2021 by Ken Zino

Ken Zino of AutoInformed.com on Mazda Fiscal Year 2021 Financial ResultsMazda Motor Corp.’s global sales volume from April 2020 through March 2021 decreased 9.3% year-on-year because of decreased sales in Europe and other regions. China and the US posted ~7% gains. Continue reading →

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