Ford Motor 2020 Loss $1.3 Billion. Microchip Shortage Looms

Posted on 5 February 2021 by Ken Zino
Ken Zino of AutoInformed.com on weak Ford Motor 2020 Financial Results

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Ford Motor in the beginning yet again of another multiyear reorganization reported a $1.3 billion loss on $127.1 billion in revenue for 2020 and a $2.8 billion net loss on $36 billion in revenue for Q4. 

Chasing General Motors, Ford said it would increase its planned investments in electric and autonomous vehicles to more than $22 billion and $7 billion in turn through 2025. GM caught the industry by surprise when it said it would have 30 new EVs globally during roughly that period. It was the latest Ford attempt to appease the capital markets which remain skeptical about the lackluster performance of the Dearborn based automaker. (See AutoInformed.com on Environmental About Face – General Motors Ditching Internal Combustion Engines by 2035. Carbon Neutral by 2040?) Continue reading →

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Subsidized Mercedes-Benz Compact EQA EV Available to Order

Posted on 5 February 2021 by Ken Zino
Ken Zino of AutoInformed.com on Mercedes-Benz EQA

As confusing as this sounds, Mercedes actually has reduced the complexity of its EQA models.

A combination of Mercedes cash on the hood with taxpayer subsidies means its EQA compact EV in Germany is “entry level” starting at 37,970.50 euros for the EQA 250 including 19% VA. Rated at power of 140 kW, other variants will follow including a series of all-wheel-drive models with an additional electric powertrain (eATS) and an output of 200 kW or more, and a version with a range of more than 500 kilometers (WLTP). The EQA comes with one year of Mercedes me Charge included. For Mercedes me Charge customers in Europe, this includes ‘green charging’ during this period at no extra cost. The EQA is available to order now, with the first models reaching retailers in the spring.

The relatively low German price is based on discounts of 9000 euros: government share 6000 euros, Mercedes-Benz share 3000. If the EQA is used as a company car, only a quarter of the gross list price is subject to taxation for private use. The Mercedes-Benz Bank offers financing and leasing terms for both private and business customers. The EQA 250 with Business Package is available for leasing by business customers from 399 euros a month. The leasing offer is valid for orders placed by 31 March 2021, while stocks last. Continue reading →

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Electrify America Adds Solar EV Charging in Rural California

Posted on 4 February 2021 by Ken Zino
Ken Zino of AutoInformed.com on sustainable EV charging

Twenty of the 30 solar-powered charging stations are located at health care centers.

Electrify America, a public ultra-fast charging network, has added 30 solar-powered electric vehicle (EV) charging stations with two Level 2 chargers each to its network in the state of California. The off-grid, standalone chargers are strategically located throughout the Central Valley and inland areas of Southern California to provide greater access to sustainable EV charging for drivers in rural parts of the state.

Electrify America’s EV charging infrastructure plans in California include a commitment to increasing access to EV charging infrastructure in rural areas of the state, to both facilitate regional travel and drive adoption of EVs in rural communities. With complimentary charging, the new solar units help remove two barriers to EV adoption in these locations – access to public charging and affordability. The network said it ensured that more than half of these chargers were located in disadvantaged and low-income communities, demonstrating the company’s ongoing commitment to serve these populations. Continue reading →

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Toyota R&D Patent Leader Among US Automakers Again

Posted on 4 February 2021 by Ken Zino
Ken Zino of AutoInformed.com on Toyota R&D and Patents

Toyota received more than 2800 patents in 2020.

The United States Patent and Trademark Office awarded Toyota more patents than any other automaker in 2020, according to an annual ranking by the Intellectual Property Owners Association (IPO). Toyota’s engineers and scientists were granted a total of 2,819 patents in 2020, up 4% from 2019 in what appears to be a clear lead among any other automaker in the United States. Toyota’s leading patent portfolio is one measure of progress  and innovation coming from its research, collaboration and partnerships around next-generation mobility through our Toyota and Lexus brands.

“Toyota continues to invest heavily in its robust research and development pipeline and has received more than 1,400 patents related to autonomous vehicle technology since 2003. Every hour, Toyota invests over $1 million in emerging technology globally, and has invested over $1 billion in R&D related to automated vehicles and robotics since 2017,” Toyota said. Continue reading →

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Good and Bad? January US Light Vehicle Sales Down -3%

Posted on 4 February 2021 by Ken Zino

Ken Zino of AutoInformed.com on US and Global Vehicle Sales in 2021With a 16.6 million unit selling rate, January Light Vehicle US sales were slightly higher than expected. However pandemic worries and the hangover from the Trump administration’s mishandling or ignoring the Covid 19 crisis continue to create great uncertainty in a vital industry that can only react slowly to economic and consumer mood swings. Light Vehicle sales totaled 1.09 million units in January in the US, down by just 3% YoY, on one fewer selling day. The annualized rate of 16.6 million units was the highest since the beginning of the pandemic. SUVs accounted for 54% of total sales, with Compact and Midsize Non-Premium SUVs being the two most popular segments across the industry, according to consultancy LMC.

Projections for 2020 Global Light Vehicle sales ended at 77.7 million units, down -14% from 2019 and with a stronger recovery than expected initially. LMC maintains that 2021 is poised to continue the recovery, with volume projected at 86.5 million units, up 11% from 2020. AI thinks while the past isn’t a 100% sure predictor of the future, the new – perhaps more virulent strains of the Covid virus, the nationalistic fights over vaccines, the emergence of fascism and sedition in the US,  and stricter and ongoing social controls in most major market are huge risks. Significant shares of the public in the U.S., France, Germany and the UK say their lives have changed because of the COVID-19 outbreak, according to a new Pew Research Center survey. (See AutoInformed on IndustriALL Global Union – Labor Will Defend US Democracy, Global Auto Business Threatened by Covid Second Wave, IndustriALL Global Union – Labor Will Defend US Democracy) Continue reading →

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Mazda Increases Forecast for Fiscal Year Ending March 31

Posted on 4 February 2021 by Ken Zino

In a victory of sorts over COVID19, Mazda Motor Corporation today revised upwards its consolidated financial forecast for the Fiscal Year Ending  31 March 2021 (April 1, 2020 through March 31, 2021) that was released on November 9, 2020.

“Based on the situation of a steady progress of improvement in marketing expense and carline mix as well as fixed cost reduction, we revised the full-year forecast for the Fiscal Year ending March 31, 2021,” Mazda said. Nevertheless Mazda is still losing money and is in a perilous, company-threatening position with huge soaring debt and ongoing breathtaking operating losses. (See chart on second page.) Continue reading →

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Daimler to Spin-Off Daimler Truck into Separate Company

Posted on 3 February 2021 by Ken Zino
Ken Zino of AutoInformed.com on Daimler Truck Spin-off and Mercedes-Benz

Sunrise or Sunset?

In Stuttgart this morning a financially challenged Daimler said it intends to spin-off Daimler Truck into a separate company with its own stock market listing. In a move that will be debated until Daimler’s extra-ordinary shareholder meeting during Q3 2021, Daimler claims that a “significant majority stake” in the Daimler Truck shares trading on the Frankfurt stock exchange will be distributed to current Daimler shareholders.

Actually, current Daimler shareholders will be Mercedes-Benz holders since the Daimler name will be recast as Mercedes-Benz at “the appropriate time.” Both companies, whatever they are called, are in mobility industries that are facing disruptive technological and structural changes that threaten survival. (read AutoInformed.com on Daimler Confirms 2020 Group Sales and Revenue Will Decline) Continue reading →

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Ford to Upgrade, Expand South African Plant for 2022 Ranger

Posted on 2 February 2021 by Ken Zino
Ken Zino of AutoInformed.com on Ford South African Manufacturing for New 2022 Ranger

Ford also will build new vehicle modification and training centers.

Ford Motor Company today announced an investment of $1.05 billion (R15.8 billion) in its South African manufacturing operations – marking the biggest investment in Ford’s 97-year history in South Africa. The annual installed capacity at the Silverton plant will increase to 200,000 vehicles from 168,000, for production of the new 2020 Ford Ranger pickup truck for the domestic market and export to over 100 global markets.

Silverton will become one of the first Ford plants globally to achieve “Island Mode” status, becoming entirely energy self-sufficient and carbon neutral by 2024. The plant also will manufacture Volkswagen pickups trucks as part of the Ford-VW alliance. (read AutoInformed.com on Volkswagen Joins Ford by Investing in Argo AI, Volkswagen and Ford Announce Alliance Without Cross Equity) Continue reading →

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Mazda Posts US, Mexico 2021 January Sales Results

Posted on 2 February 2021 by Ken Zino
Ken Zino of AutoInformed.com on Jan 2021 Mazda North American Operations Sales

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Mazda North American Operations (MNAO) today reported total January sales of 25,259 vehicles, an increase of 6.9% compared to January 2020. With 24 selling days in January, compared to 25 the year prior, the company posted an increase of 11.4% on a Daily Selling Rate (DSR) basis.

In keeping with a general industry trend, passenger cars now account for less than 20% of MNAO sales. Sales of Mazda crossovers – the CX-3, CX-30, CX-5, and CX-9 – totaled 20,279 in January, an increase of 6.9% compared to January 2020. Sales of the CX-9 increased 5.7% in January with 2,698 vehicles sold. Sales of the CX-5 increased 5.2 % with 13,583 vehicles sold. The CX5 at 13,583 accounts for more than 53% of MNAO sales.

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Toyota’s 2020 Global Sales down -10.5% Year-on-Year

Posted on 1 February 2021 by Ken Zino

Toyota’s 2020 Global Sales down 10.5% for calendar year 2020 when compared to 2019. The sales results were substantially influenced by the Covid 19 pandemic that was in force for virtually all of 2020, and is ongoing. Japanese domestic production was flat at ~3 million vehicles. The results include those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. (See AutoInformed.com on Toyota Motor North America Reports December 2020 Sales Increase 22.9%. Yearly Sales Drop -11.3%)

For consolidated Toyota numbers, this was the first decrease in nine years for global sales.  For sales inside of Japan, including mini vehicles or K cars, it was the first decrease in two years. Sales outside of Japan showed the first decrease in four years. Continue reading →

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Ford Picks Google over Apple for Connected Vehicle Offerings

Posted on 1 February 2021 by Ken Zino
Ken Zino of AutoInformed.com on privacy and connected cars

This raises yet again privacy concerns and who owns and can sell your personal information.

Ford Motor and Google today announced they will improve Ford’s connected vehicle experience. Ford has also named Google Cloud its preferred cloud provider in data, artificial intelligence (AI), and machine learning (ML). As part of this six-year partnership (no rush antitrust regulators it begins in 2023) future Ford and Lincoln vehicles at all price points will be powered by Android, with Google apps and services built-in.

GM is already working with Google to bring new options for a voice assistant, embedded navigation and in-vehicle applications to compatible Chevrolet, Buick, GMC and Cadillac vehicles in regions around the world starting in 2021. Broad deployment across all GM vehicle brands is expected to roll out in the years following. (Google Voice Assistant, Navigation and App to Debut at GM) Continue reading →

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IndustriALL Global, IndustriAll European Trade Union Ask for Justice and Solidarity in Covid Fight

Posted on 1 February 2021 by Ken Zino

“The universal right of access to medical supplies, especially vaccines and potential medicines to treat Covid-19, should not depend on the purchasing power of governments and other market dynamics,” said IndustriALL Global, IndustriAll European Unions this morning. “We believe that there should not be first- and second-class citizens and no-one should be left behind.”  The announcement comes as the EU and other political entities are fighting over vaccines.

IndustriALL said the common global endeavor and public-private cooperation to find drugs and vaccines “demonstrated the best internationalism.” This of course is in distinct opposition to the chauvinistic politicians and institutions that are embroiled in selfish behaviors as anyone who follows global politics and the COVID-19 pandemic is aware. Continue reading →

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Volkswagen Group Starts Small Scale EV Battery Recycling

Posted on 30 January 2021 by Ken Zino
Ken Zino of AutoInformed.com on Volkswagen Starts Small Scale EV Battery Recycling

The recycling process does not require energy-intensive melting in a blast furnace.

Volkswagen Group Components opened its first plant for recycling electric car batteries in Salzgitter, Germany yesterday. The pilot plant aspires to mass-produce recovery of valuable raw materials such as lithium, nickel, manganese and cobalt in a closed loop together with aluminum, copper and plastics, achieving a recycling rate of more than 90% over the long term. (Honda to Recycle Rare Earth Metals from Nickel-Metal Hydride Batteries in World’s First Mass Production Process)

Salzgitter only recycles batteries that can no longer be used for other purposes. Before the battery is recycled, an analysis determines whether the battery is still powerful enough to be given a second life in mobile energy storage systems such as the flexible rapid charging station or the mobile charging robot. Larger volumes of battery returns are not expected until the late 2020s at the earliest. Continue reading →

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Environmental About Face – General Motors Ditching Internal Combustion Engines by 2035. Carbon Neutral by 2040?

Posted on 29 January 2021 by Ken Zino
Ken Zino of AutoInformed.com on GM Converting to all EVs and becoming Carbon Neutral

The Cadillac Lyric EV was just the latest step of many in remaking GM into a force against Global Warming and fossil fuel use.

General Motors (NYSE:GM) says it will have an all-electric future with the elimination of tailpipe emissions from new light-duty vehicles by 2035. It is the most sweeping endorsement thus far by an international automotive powerhouse that climate change and global warming need to be addressed as the serious crisis they are. Nissan announced a similar initiative just before GM. (Nissan Establishes Carbon Neutral Goal for 2050) It is also a GM retreat from opposing President Obama era fuel economy regulations that would have resulted in 50 mpg vehicles that the anti-environment Trump Administration eviscerated. (President Obama Unveils 54.5 MPG Fuel Economy Regulation for 2017-25. It will Alter Vehicle Choices and Increase Costs, President Obama to Announce First Fuel Economy Regulations for Heavy Trucks, Buses. $50 Billion in Fuel Savings Claimed, US DOT and EPA Want to Slash Fuel Economy Standards. Trump Administration Proposal Has Many Critics)

More than half of GM’s capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs. And in the coming years, GM plans to offer an EV for every customer, from crossovers and SUVs to trucks and sedans. This neatly coincides with President Biden’s executive orders dealing with climate change and converting federal fleets to EVs. The success of the initiative will depend on the voters, err buyers, who will ultimately decide. Continue reading →

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Nissan Establishes Carbon Neutral Goal for 2050

Posted on 28 January 2021 by Ken Zino
Ken Zino of AutoInformed.com on Nissan Establishes Carbon Neutral Goal for 2050

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Nissan Motor Company wants to achieve carbon neutrality across the company’s operations and the life cycle of its products by 2050. *** As part of this effort, every all-new Nissan vehicle offerings in Japan, China, the U.S. and Europe by the early 2030s will be electrified.

The company’s electrification and emissions reduction efforts support the aims of the U.N. Paris Agreement on climate change and global progress toward carbon neutrality by 2050. Nissan introduced the world’s first mass-market electric car, the Nissan LEAF, and has sold more than 500,000 of the zero-emission vehicles to date. Nissan also continues to work with industry coalitions and authorities to develop infrastructure and raise public awareness about the benefits of electric vehicles. Continue reading →

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