Battery Electric Vehicle Sales In EU Slumping

Ken Zino of AutoInformed.com on Battery Electric Vehicle Sales In Europe Slumping

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Roughly half of all European markets saw a drop in battery electric vehicle sales through September 2024, compared to the same period in 2023. There was a slight improvement in Q3.*

“This was contrary to consensus market projections. Battery electric vehicle sales in the EU experienced a year-on-year decline of 4% during the first nine months, prompting most OEMs to re-evaluate and rescale their investment plans and strategies towards electrification,” said Vivek Satheesh, a powertrain analyst at the respected  GlobalData consultancy. ** Continue reading

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U.S. November New Vehicle Sales – 16M SAAR

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New-vehicle sales for November are expected to maintain a steady seasonally adjusted annual rate (SAAR) of 16.0 million, consistent with the sales pace observed in October, according to the latest Cox Automotive forecast.* This is an increase from last November’s SAAR of 15.5 million as the Biden Administration economic recovery continues.

“With the U.S. election now in the rearview mirror, we may see vehicle sales finish the year in a strong position. With less uncertainty in the market, consumer confidence is moving higher, which will likely increase consumer willingness to buy a new vehicle. Additionally, vehicle affordability is improving, thanks to higher incentives and falling auto loan rates, which increase consumers’ ability to buy,” said Charlie Chesbrough, senior economist at Cox Automotive. Continue reading

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Annals of Marketing – Broad Arrow Auctions and BMW

Ken Zino of AutoInformed.com on Annals of Marketing - Broad Arrow Auctions and BMW

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Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, said today that it has a partnership with BMW AG to become the official auction partner of the Concorso d’Eleganza Villa d’Este, starting in May 2025. As part of the Concorso d’Eleganza Villa d’Este event, Broad Arrow Auctions will offer ~70 collector cars for sale on the shores of Lake Como.*

“We could not think of a better, more prestigious location and partner to launch our first ever auction in Europe than the Concorso d’Eleganza Villa d’Este. We are grateful for our partnership with BMW as the official annual auction house of the Concorso d’Eleganza Villa d’Este, their choice speaks volumes to the proven track record of our team of specialists,” said Kenneth Ahn, President of Hagerty Marketplace and Broad Arrow Auctions. Continue reading

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Honda – Global Expansion of Electric Motorcycles

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Honda in Tokyo today announced two electric personal commuters in India continuing 2024 as the first year for its global expansion of electric motorcycles. The new ACTIVA e and QC1 are the 12th and 13th models, respectively, of Honda’s “30 electric models to be launched globally by 2030” target. The ACTIVA e is equipped with two Honda Mobile Power Pack e with swappable batteries as its power source. QC1, has a fixed battery.

“Both ACTIVA e: and QC1 will be manufactured in India, strengthening the electric commuter lineup to meet the growing needs for electric mobility in the Indian market. In addition, Honda Power Pack Energy India Private Limited will operate Honda e:Swap, a battery sharing service, in three major Indian cities (Bengaluru, the National Capital Territory of Delhi, and Mumbai [footnote 3], providing customers mobility experience with more peace of mind,” Honda said. Continue reading

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Fuel Cell Electric Vehicles – Japan vs Korea

The auto industry is undergoing a revolution toward zero-emission technology,* according to an analyst briefing published today by the respected consultancy GlobalData.** In Asia, Japan and South Korea are leading the race for supremacy in hydrogen-powered vehicles.

“This rivalry is more than a market battle – it’s a bid for energy independence and environmental sustainability. FCEVs (fuel cell electric vehicles) offer several advantages over traditional fossil-fuel vehicles and even BEVs (battery electric vehicles), such as longer range and faster refueling, making them a potentially transformative solution, especially for long-haul and heavy-duty applications,” GlobalData said. Continue reading

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EPA – US Fuel Economy Record High. CO2 Record Low

Ken Zino of AutoInformed.com on EPA - US Fuel Economy Record High. CO2 Record Low

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The U.S. Environmental Protection Agency has made public its 50th annual Automotive Trends Report, showing that model year 2023 vehicle fuel economy reached a record high while greenhouse gas emissions dropped to record low levels.* The report notes that all 14 large automotive manufacturers are in compliance with EPA’s light-duty GHG program requirements through the MY 2023 reporting period. New MY 2023 electric vehicles and plug-in hybrid electric vehicles on the road have led to 11% lower CO2 emissions.**

“This report provides a critical data-driven affirmation that strong, technology-neutral standards can underpin environmental progress while saving drivers money at the pump,” said EPA Administrator Michael S. Regan. “Manufacturers continue to innovate and are bringing technologies to market which will directly improve air quality, better protecting people’s health and saving lives.” Continue reading

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General Motors via Cadillac F1 Bound in 2026

Ken Zino of AutoInformed.com on General Motors via Cadillac F1 Bound in 2026

Let the Driver rumors begin.

General Motors (NYSE: GM) and TWG Global said today that they have reached an agreement in principle with Formula 1* to bring a Cadillac team to the series in 2026. GM is also launching an F1 power unit that will make Cadillac Formula 1 a “full works” team by building its own F1 vehicles and power units by the end of the decade. Until then, it will likely use Ferrari engines.

“As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world,” said GM President Mark Reuss. “This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” Continue reading

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Genesis, Hyundai, Kia recalls for Sudden Power Loss

Hyundai Motor is recalling Genesis, Hyundai and Kia models from the 2022 though 2025 models years because of sudden power loss. Warning symptoms may occur during “fail-safe” mode driving over period of ~20-40 minutes through various illumination of dashboard MIL; an audible chime; warning messages displayed in vehicle information display(s); and noticeable degradation in vehicle motive power or speed.

In the required filing made public today by the National Highway Traffic Safety Administration, it said “the Integrated Charging Control Unit (ICCU) may become damaged and stop charging the 12-volt battery, which can result in a loss of drive power.” The vehicle’s “fail-safe” mode will trigger upon detection of a fault associated with over-voltage induced at the start and end of the vehicle’s battery charging cycle or thermal loading during charging/driving. Continue reading

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Abgewürgt – Volkswagen German Collective Bargaining

Ken Zino of AutoInformed.com on Some VW ID.4 EVs Qualify for Full Federal Tax Credit

EVs are central to VW’s woes.

The negotiating committees of Volkswagen AG and IG Metall Lower Saxony and Saxony-Anhalt held  negotiations on the 2024 collective bargaining round in Wolfsburg yesterday without reaching an agreement on plant closings or cutting labor costs. However, they did agree to meet again on 9 December 2024. (Read AutoInformed.com on: Large European Job Cuts Coming at Ford, Again, and Pablo Di Si Out at VW Group of America)

“We view it as a positive signal that the employee representatives have shown openness to reducing labor costs and capacity reductions. However, the counter-proposal they submitted must be judged on whether it creates both sustainable financial relief for the company and offers clear prospects for the workforce,” said Arne Meiswinkel, lead negotiator at Volkswagen AG. “For Volkswagen AG, the sustainable achievement of financial targets remains crucial in order to ensure competitiveness in an extremely challenging phase for the German automotive industry,” said Meiswinkel. Continue reading

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Subaru 2025 Forester Wilderness SUV – $36,415

Ken Zino of AutoInformed.com on Subaru 2025 Forester Wilderness SUV - $36,415

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Subaru of America today said pricing on the 2025 Forester Wilderness SUV will range from $36,415 to $38,415 with the only option package including destination.* In addition to longer coil springs and shock absorbers, the 2025 Subaru Forester Wilderness adds 17-inch matte-black alloy wheels with All-Terrain Yokohama GEOLANDAR® tires for increased traction on muddy, wet, or snowy roads or trails. A full-size spare is underneath the cargo area.

Every 2025 Subaru Forester Wilderness is powered by a 2.5-liter SUBARU BOXER® engine with a Lineartronic Continuously Variable Transmission. The engine, rated at 182 horsepower and 176 lb.-ft. torque, powers all four wheels via Subaru Symmetrical All-Wheel Drive. A SUBARU STARLINK® 6.5-inch Multimedia system with high-resolution touchscreen, Apple CarPlay® and Android™ Auto, and Bluetooth® hands-free streaming connectivity is standard. The front center console comes with dual UBS-A input/charge ports. The rear center console is equipped with dual USB-A charge ports for second-row riders. Continue reading

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EPA – Tighter NOx Emissions Limits on Combustion Turbines

The U.S. Environmental Protection Agency today proposed to strengthen limits on emissions of nitrogen oxides (NOx) from most new, modified, and reconstructed fossil fuel-fired stationary combustion turbines.* The stated goal is to reduce exposure to dangerous air pollution for nearby communities. The proposal would ensure that new turbines built at power plants or industrial facilities, especially large ones that could operate for decades, would be among the most efficient and lowest-emitting turbines ever built. NOx contributes to harmful health effects, such as asthma and respiratory infections, and reacts with other volatile organic compounds to form ozone (i.e., smog) and fine particulate matter. Children, the elderly, and people with chronic heart, lung, or other cardiopulmonary diseases are most at risk.

“This proposal ensures that new turbines at power plants or industrial facilities will minimize emissions of harmful, smog-forming nitrogen oxides,” said EPA Assistant Administrator for Air and Radiation Joseph Goffman. “These stronger standards are necessary to better protect nearby communities’ health, and the power sector has already shown that the additional pollution controls can affordably and reliably do the job.” Continue reading

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Hyundai Debuts 2026 IONIQ 9 EV SUV

Ken Zino of AutoInformed.com on Hyundai Debuts 2026 IONIQ 9 EV SUV

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Hyundai Motor Company today revealed IONIQ 9, a three-row, all-electric SUV in Los Angeles. The 110.3 kWh battery delivers a WLTP projected driving range of 620 km [see footnote 2].* The E-GMP architecture delivers 10% to 80% recharge in 24 minutes[3]. The seven seat IONIQ 9 will be shown publicly at the LA Auto Show and on sale in Korea and the United States during the first half of 2025. Rollouts are planned for Europe and other markets subsequently. It has the longest wheelbase of any Hyundai model, at 3130 mm. (read AutoInformed.com on:Vast Executive Reorganization at Hyundai Group)

“IONIQ 9 embodies Hyundai Motor’s unwavering commitment and confidence in electrification,” said Jaehoon Chang, President and CEO of Hyundai Motor Company. “Based on Hyundai Motor Group’s acclaimed Electric-Global Modular Platform (E-GMP), IONIQ 9 offers outstanding interior space, providing customers with unique value while solidifying our leadership in the global EV market.” Continue reading

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Stellantis Bets the Company on STLA Frame

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Stellantis (NYSE: STLA) has debuted a new multi-energy Platform: dubbed STLA Frame. Purposely designed for full-size, body-on-frame trucks and SUVs, STLA Frame can use internal combustion, hybrid, hydrogen, battery electric (BEV) and range-extender electric vehicle (REEV) technologies. In short, struggling Stellantis’ future is dependent on this new architecture. (read AutoInformed.com on: Beleaguered Stellantis Cuts 2024 Financial Guidance, and Stellantis Q3 2024 – Shipments and Revenues Plunge)*

“Like STLA Medium and STLA Large, STLA Frame combines an unprecedented range with new levels of capability and performance to offer best-in-class range, payload and towing for our customers who need reliable and powerful trucks and SUVs, to haul their families or power their businesses,” said Stellantis CEO Carlos Tavares. “With full EV and extended-range EV tech coming soon, we’re bringing ‘no compromise’ solutions to buyers who may be hesitant on trying their first electric vehicle. We’re proud of this engineering marvel and look forward to seeing it come to life in our upcoming product blitz on Jeep and Ram.” Continue reading

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Large European Job Cuts Coming at Ford, Again

Ken Zino of AutoInformed.com on Large European Job Cuts Coming at Ford, Again

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Ford Motor Company (NYSE: F) announced today its restructuring plans to create a badly needed more “cost-competitive structure.” The main focus is the health of Ford’s passenger vehicle business in Europe, where it incurred significant losses for years. Ford is also lagging in the European shift to electrified vehicles, and new competition – especially Chinese – has been highly disruptive. Through Q3 of 2024, Ford sales are down ~18% in Europe.

 “Ford has been in Europe for more than 100 years. We are proud of our new product portfolio for Europe and committed to building a thriving business in Europe for generations to come,” said Dave Johnston, Ford’s European vice president for Transformation and Partnerships. Continue reading

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Lexus, Honda Top 2025 U.S. ALG Residual Values

Ken Zino of AutoInformed.com on Lexus, Honda Top 2025 U.S. ALG Residual Values

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For a fourth consecutive year, Lexus and Honda receive the award for best premium brand and mass market brand, according to  the J.D. Power 2025 U.S. ALG Residual Value Awards,SM released today. Lexus received the most model-level awards with five, followed by Toyota with four (read AutoInformed.com on: Honda, Lexus at Top of ALG Residual Value Awards).

“Honda stayed disciplined with pricing in 2024, avoiding the aggressive manufacturer’s suggested retail price (MSRP) increases that diminished affordability at other brands, while Lexus’ restraint with incentives paid dividends, as incentives have a direct negative effect on the resale values of older models,” said Danny Battaglia, managing director of ALG customer success at J.D. Power. “Additionally, the top brands consistently employ a balanced strategy with regard to trim levels, powertrains and pricing, which helps bolster residual performance and long-term value for consumers who are shopping in a highly competitive market.” Continue reading

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