September New Passenger Car Registrations Up in European Union, But Trend is Downward

Posted on 16 October 2019 by Ken Zino
AutoInformed.com on EU Passenger Car Registations September 2019

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During September 2019, EU demand for new passenger cars increased by 14.5% to reach 1.2 million units registered in total. To a large extent, according to the ACEA trade group, this strong year‐on‐year growth is the result of a low base of comparison, as registrations fell significantly in September 2018 (‐23.5%) following the introduction of WLTP testing when it was revealed that many diesel engine cars were dirtier than most – if not all – makers claimed.

During the first nine months of 2019, EU new car registrations were down 1.6% compared to the same period the year before. Despite demand recovering across the European Union in September, Germany (+2.5%) was the only major market to post positive results so far this year. Spain (‐7.4%) saw the strongest drop, followed by the United Kingdom (‐2.5%), Italy (‐1.6%) and France (‐1.3%). Continue reading →

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Global Light Vehicle Sales Fall Again in September

Posted on 15 October 2019 by Ken Zino
AutoInformed on Global Light Vehicle Sales September 2019

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Global Light Vehicle (LV) sales fell 2.7% year-on-year (YoY) in September, while the selling rate dropped to 89.6 mn units/year, from 94.4 mn units/year in August, according to consultancy LMC.

In their view the decline in the selling rate in September seems partly a result of further changes to the WLTP** emissions testing regime in Europe, which may have pulled sales forward to August, at the expense of September. In China, LV sales dropped once again. Unfavorable calendar effects thwarted any chance of YoY growth in the US, even though the selling rate was good.
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Mercedes-AMG Petronas Motorsport Win Formula One Constructors’ Championship for Sixth Time in A Row

Posted on 14 October 2019 by Ken Zino
AutoInformed.com on Formula One - Mercedes-AMG Petronas Motorsport, Japanese GP 2019. Valtteri Bottas and Lewis Hamilton

The season is over before it’s over, as Bottas mugs Vettel at the start.

At the Japanese Grand Prix yesterday Mercedes-AMG Petronas Motorsport won the FIA Formula One Constructors’ Championship for the sixth time in a row. Since drivers Lewis Hamilton and Valtteri Bottas are the only two drivers who can still win the Drivers’ Championship, this marks the first team in Formula One history to win both titles six times in a row.

“Obviously it was a pretty close qualifying and yeah starting third here is never good, but there’s not point ever to give up on anything and I knew anything was possible today and opportunities were there today and the first one was at the start,” said Bottas. “I had a really nice start and obviously Sebastian had an issue, so managed to get in the lead and then the pace was super good. I could really control the race.” Continue reading →

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BMW, Rolls Royce, Toyota Backup Camera Software Recall

Posted on 14 October 2019 by Ken Zino
AutoInformed.com on Rolls-Royce Cullinan SUV

Another software bug that made it into production.

BMW of North America is recalling 51 products totaling 257,473 vehicles because the back-up camera and display settings can be adjusted such that the rear-view image is no longer visible, and the system will retain that setting. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard (FMVSS) number 111, “Rearview Mirrors.”

BMW will notify owners, and dealers will update the back-up camera software, free of charge as is required by law. The recall is expected to begin November 19, 2019. Owners may contact BMW customer service at 1-800-525-7417 or Rolls-Royce at 1-877-877-3735. Toyota owners may contact Toyota customer service at 1-888-270-9371. Continue reading →

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Ford Motor Recalls 2019 Ranger Pickups for Fires

Posted on 14 October 2019 by Ken Zino
AutoInformed.com on Ranger Fire Recall

The part supplier and origin were not named by Ford.

Ford Motor Company is issuing a safety recall for 2019 Ford Ranger pickups for an increased the risk of the HVAC blower motor overheating, melting, smoking or causing a fire.

Ford said it is not aware of any accidents or injuries related to this safety defect. Ford listed one customer warranty report of smoke while driving that is potentially related to this concern. Continue reading →

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Ghosn Shakeout is Ongoing as Thierry Bolloré, CEO Renault SA, is Fired by the Board of Directors

Posted on 13 October 2019 by Ken Zino

AutoInformed.com on Frebch versus Japanese Corporate GovernanceThe Board of Directors of Renault on Friday “decided to end the mandate of Mr. Thierry Bolloré as Chief Executive Officer of Renault SA and President of Renault s.a.s with immediate effect.” (Renault Board Confirms Expenses Improperly Used by Ghosn)

The final findings of the Joint Audit Mission that was commissioned with Nissan regarding their mutually owned subsidiary RNBV showed several expenses incurred by RNBV for a total of ~€11 million include questionable air travel expenses for Mr. Ghosn; other expenses incurred for Mr. Ghosn; and gifts to non-profit organizations.

Renault’s Thierry Bolloré is the latest casualty in the ongoing Carlos Ghosn scandal that saw the forced resignation of Hiroto Saikawa as representative executive officer and CEO of Nissan, as of September 16.

The Carlos Ghosn matter has turned into farce as investigations into Nissan and its JVs with Renault  0n corporate governance practices post Carlos Ghosn revealed layers of incompetence and/or malfeasance, as well as various degrees of criminal activity that are rarely observed in western corporations. (Was 2008 the Year When Carlos Ghosn Went Rogue? Ghosn’s Former Speechwriter on What He Did for Nissan – And What That Did to Him) Continue reading →

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CAR – Estimated Costs of the UAW-GM Strike are Low

Posted on 11 October 2019 by Ken Zino
AutoInformed.com on CAR Estimated Employment Multipliers for UAW-GM Jobs

The UAW GM strike is now a serious economic problem for the overall U.S. economy.

Many estimates of the cost of the UAW strike focus on how much the work stoppage is costing GM, but few have estimated the broader costs of the strike to the U.S. economy or individual states, writes Kristin Dziczek, Vice President – Industry, Labor, & Economics at the Center for Automotive Research.

“The UAW-GM strike is sufficiently large to not only affect many sectors of the U.S. economy but also to reach beyond the borders of the nine states that are hosts to UAW-represented GM manufacturing facilities. GM, the UAW, GM suppliers, federal, state, and local governments, and many other businesses incur losses each day the strike continues,” says Dziczek. Continue reading →

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Ford Motor Company Q4 Dividend Declared at 15 Cents

Posted on 10 October 2019 by Ken Zino
AutoInformed on Ford Stock - Chart courtesy Yahoo Finance

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The Board of Directors of Ford Motor Company today declared a fourth quarter regular dividend of $0.15 per share on the company’s outstanding Class B and common stock. It is currently trading at ~$8.60 (7% yield), with a 52-week range of $7.41 – $10.56.

Ford Motor Company Q3 sales dropped -5% year-over-year due to a striking -30% drop in car sales to 77,231. Year-to-date sales at 1,820,836 compared to 1,887,625 in 2018 were off -4% in the first sales report since credit agencies downgraded Ford debt to junk status. Continue reading →

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Western European Passenger Car Sales Weak

Posted on 4 October 2019 by Ken Zino
AutoInformed.com on Western European Passenger Car Sales 2019 Forecast

The global economy is fragile and disrupted by uncertainty. Click to Enlarge.

Western European car registrations rose by 13.9% YoY in September, but the selling rate faded to 13.1mn units/year, from16.9 mn units/year in August, the weakest selling rate of the year so far, according to consultancy LMC.

As AutoInformed readers know the introduction of WLTP in September 2018 distorted the market in August and September last year, with a high base effect in August and a low base effect for September as it became clear that diesels were dirty and not meeting emission standards.

“This has led to a perceived growth in sales across Europe for September while, in many cases, the selling rate has dropped since August and sales growth is weak or negative in the year to date,” says LMC. Continue reading →

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US Medical Uninsured Rate and Number Up from 2017

Posted on 4 October 2019 by Ken Zino
AutoInformed.com on People Uncovered by Medical Insurance Rising - Data US Census Bureau

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The crisis in American health care continues.  Since 2018, 8.5% of people, or 27.5 million, did not have health insurance at any point during the year. The uninsured rate and number of uninsured increased from 2017 (7.9% or 25.6 million), according to the U.S. Census Bureau*.

Healthcare of course is one of the key issues in the ongoing UAW GM strike.

The percentage of people with health insurance coverage for all or part of 2018 was 91.5%, lower than the rate in 2017 (92.1%). Between 2017 and 2018, the percentage of people with public coverage decreased 0.4% points, and the percentage of people with private coverage did not statistically change.
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Ford Motor Issues Two Safety Recalls, Expands a Previous One

Posted on 3 October 2019 by Ken Zino
AutoInformed on Ford Motor Safety Defect Recalls

Owners are advised to apply the parking brake whenever the F-Series is parked.

Ford Motor Company issued two safety recalls in North America yesterday and amended safety compliance recall 19C07 to expand the number of suspect vehicles. The first safety defect recall is for 2019 Ford F-Series Super Duty vehicles. The electronically locking rear-axle assembly may have a passenger-side axle shaft manufactured with steel that does not meet Ford’s specifications. It may fracture, resulting in a loss of driving power while in two-wheel drive, and the inability to hold the park function. If the parking brake is not applied, this could result in unintended vehicle movement, increasing the risk of crash or injury.

Ford is not aware of any reports of accident or injury related to this defect that affects 28,579 vehicles in the United States and federal territories, 4,316 in Canada and 73 in Mexico. The vehicles were built at Kentucky Truck Plant and Ohio Assembly Plant, May 21 – July 26, 2019. Continue reading →

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FCA US Q3 Sales Flat at 565,000

Posted on 3 October 2019 by Ken Zino
AutoInformed.com on FCA Q3 2019 US Sales

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FCA said overall sales were 565,034 vehicles for the three-month period covering July, August and September. US retail sales accounted for 438,649 vehicles, while fleet accounted for 22% of total sales. Fleet sales, on a year-to-date basis, accounted for 25% of overall sales.

The announcement came shortly after the Securities and Exchange Commission charged Michigan-based automaker FCA US LLC, and its parent company, Fiat Chrysler Automobiles N.V., for misleading investors about the number of new vehicles sold each month to customers in the United States.  FCA US and Fiat Chrysler Automobiles have agreed to pay $40 million to settle the charges. Translation: FCA bought its way out of all legal troubles with the SEC here for a mere $40 million. Continue reading →

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Strike Crippled General Motors Q3 US Sales Up 6%

Posted on 2 October 2019 by Ken Zino

AutoInformed.com on GMGeneral Motors Co. (NYSE: GM) dealerships delivered 738,638 vehicles in the United States in the third quarter of 2019, an increase of 6.3% compared to the third quarter of 2018. GM’s fleet mix of total sales was 19.5 %, down 0.3%, year over year. End of September inventory was 759,633 units. Thus far the GM UAW strike has had little effect on sales. Continue reading →

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Q3 Ford Motor US Sales Continue Slump

Posted on 2 October 2019 by Ken Zino
AutoInformed.com on Ford Motor US 2019 Q3 Sales

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Ford Motor Company Q3 sales dropped -5% year-over-year due to a stunning -30% drop in car sales to 77,231. Year-to-date sales at 1,820,836 compared to 1,887,625 in 2018 were off -4% in the first sales report since credit agencies downgraded Ford debt to junk status.

Ford, as always,  tried  a positive spin claiming it was a transition year of its phasing out of cars – Focus, C-Max, Taurus – with a changeovers ongoing in the all new Explorer and Escape, which are undergoing complex launches that in our view are showing mixed results. The freshened Escape went on sale last week. The new platform Explorer launch is going slowly with hopes that sales will expand in Q4. How Ford ran out of inventory of Explorers is puzzling, However given the history, we bet quality issues loomed large. (Omitted from the pitch was that Ford was about to issue a safety recall on 2020 Ford Explorer vehicles for an improperly secured wiring harness. This occurred hours later.)  But pay no attention to that man behind the curtain… Continue reading →

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Amazon Selling Level 2 Electric Vehicle Home Chargers

Posted on 1 October 2019 by Ken Zino
AutoInformed.com on Electrify America Electric Vehicle Home Charger

With a charging power of up to 7.6kW, it’s about 6 times faster than the typical Level 1 charger.

Electrify America today announced that it is offering Level 2 electric vehicle home chargers beginning today, customers can purchase the Electrify America Electric Vehicle Home Charger on Amazon for $499. The home charger is also at electrifyamerica.com/charging-at-home.

The Electrify America Electric Vehicle Home Charger is compatible with all electric vehicles available in the North American market today. It has a charging power of up to 7.6kW – about 6 times faster than the typical Level 1 charger provided to some new EV owners, depending on vehicle make and model. Continue reading →

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