Fleet Owners with EVs and Traditional Vehicles Favor EVs

Ken Zino of AutoInformed.com on Fleet Owners with EVs and Traditional Vehicles Favor EVs

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The latest research from Cox Automotive published today – Future of Fleets: Path to EV Adoption – shows that among other things that, compared to vehicles powered by internal-combustion engines (ICE), fleet owners operating both electric vehicles (EVs) and their traditional, fuel-burning counterparts have higher levels of satisfaction with their EVs. This despite higher acquisition costs as well as more frequent service and maintenance. Conducted in Q1 2024, the survey collected data from fleet decision-makers in various regions and across differing fleet sizes. “Data show that 14% of fleets presently operate EVs, with a significant trend toward EV adoption expected in the next five years,” Cox said.

“The electric-vehicle story is much larger than just the retail story,” said Zo Rahim, senior analyst of Research and Market Intelligence at Cox Automotive. “In many ways, electric vehicles can be an ideal solution for many fleet operations, which often have set routes of known distances, vehicles that routinely overnight in the same location, and operations that prioritize the cost of ownership. The fleet business is significant in the U.S. market, and we expect the EV share of the fleet market to expand in the coming years.” Continue reading

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Mattia Binotto Returns to F1 as CEO at Sauber Motorsport

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Audi said today in Germany that as part of its takeover of all shares in Sauber Holding AG and a realignment of future management of the Audi factory Formula One team that Mattia Binotto is joining the Audi F1 project* and will take on its leadership in Hinwil Switzerland. Oliver Hoffmann and Andreas Seidl are leaving the project.

“I am delighted that we have been able to recruit Mattia Binotto for our ambitious Formula 1 project,“ said Gernot Döllner, CEO, AUDI AG. “With his extensive experience of more than 25 years in Formula 1, he will undoubtedly be able to make a decisive contribution for Audi.“ Following his university degree in mechanical engineering at EPFL in Switzerland, the Italian immediately joined the F1 test team of Ferrari in 1995. He subsequently had various positions, from chief engineer to manager of the engine department and technical director. In 2019 he was additionally appointed as team head of Scuderia Ferrari.” Continue reading

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GM Earns $4.4 Billion on Record Revenue – Raises Forecast

Ken Zino of AutoInformed.com on GM Earns $4.4 Billion on Record Revenue – Raises Forecast

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GM (NYSE: GM) posted solid second quarter and first half results today based on sales of traditional trucks, SUVs with stable prices and low incentives, as well as record EV sales and market share in Q2. GM is launching eight all-new or redesigned compact, mid-size and full-size internal combustion engine (ICE) models in North America, including high-volume vehicles such as the Chevrolet Equinox, and its range  of mid-size SUVs. All, repeat all, of which have higher margins than the outgoing models.

“With our new investments, we have an even stronger focus on margins and capital efficiency.,” said Mary Barra, GM Chair and CEO “It was truly a great first half. And we have the products, discipline and strategies to drive future success.” Continue reading

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Hyundai Recalls 55,000 Vehicles for Sudden Power Loss

Hyundai Motor America is recalling ~55,00 2019-2022 Veloster N, 2019-2023 Genesis G70, 2022-2023 Elantra N, and Kona N vehicles, according to the required filing that the National Highway Traffic Safety Administration made public today.

The fuel control valve in the high-pressure fuel pump assemblies equipped in the vehicles could allow excess fuel to enter the fuel pump due to gradual wear of the FCV plunger. An air/fuel  mixture that runs too “rich” may result in a reduction or loss of motive power at low speeds, increasing the risk of a crash. The problem resulted in a recall in Korea last month. According to HMC, upon detection of a fault, the vehicle entered a “limp” drive mode that limited acceleration when exceeding 60 MPH. Continue reading

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BMW Has Yet Another Airbag Shrapnel Recall

BMW of North America is recalling 2015 6 Series Gran Coupe, 2014 5 Series Gran Turismo, 2014 5 Series Sedan, 2015 6 Series Convertible, 2015 6 Series Coupe, 2014 X5, 2013-2014 X3, 2014-2015 3 Series Sedan, 2014 4 Series Coupe, 2014 4 Series Convertible, 2014 3 Series Gran Turismo, and 2015 4 Series Gran Coupe vehicles, according to a NHTSA filing made public this morning. (read AutoInformed on: Takata Airbag Shrapnel – BMW Recalls 400,000 3-Series Models)

“The inflator for the driver air bag may not have been produced according to specifications by the supplier. In extremely rare cases, the air bag inflator could rupture, which could result in injury or death to vehicle occupants,” BMW claimed in the required NHTSA filing. Continue reading

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Goodyear Sells Off-the-Road Tire Arm to Yokohama Rubber

Ken Zino of AutoInformed.com on Goodyear Sells Off-the-Road Tire Arm to Yokohama Rubber

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The Goodyear Tire & Rubber Company (NASDAQ: GT) said today that it has signed a definitive agreement* to sell its Off-the-Road (OTR) tire business to The Yokohama Rubber Company, Limited (TYO: 5101) for $905 million in cash. The OTR tire business tires globally for surface and underground mining, construction and quarry, as well as  port and industrial end markets.

“The sale of the OTR business marks an important milestone as we continue to execute against our Goodyear Forward transformation plan,” said Mark Stewart, Goodyear Chief Executive Officer and President. “We are grateful to our OTR colleagues who have driven the success of the business and are committed to working closely with Yokohama to ensure a smooth transition for customers and associates.” Continue reading

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First Look – Cadillac SOLLEI EV Concept Convertible

Ken Zino of AutoInformed.com on First Look – Cadillac SOLLEI EV Concept Convertible

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Cadillac today showed an all-electric, 2+2 convertible dubbed pretentiously SOLLEI. It’s derived from sun – ‘SOL’ – and leisure – ‘LEI’. The exterior is finished in “Manila Cream,” a color originally used on Cadillacs in 1957 and 1958.

“SOLLEI reimagines the discovery of travel, envisioning a personalized driving experience that connects one with the natural world around them,” said Erin Crossley, design director, Cadillac. “The concept celebrates Cadillac’s pedigree of elegant convertibles in a modern form by cultivating high luxury through design expressions and experiences.” Continue reading

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Hyundai 2025 Tucson – $29,750 to $48,485

Ken Zino of AutoInformed.com on Hyundai 2025 Tucson - $29,750 to $48,485

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Hyundai has released pricing for its 2025 Tucson compact SUV, starting at $29,750, including a $1395 destination charge.* The 2025 Tucson has an updated fascia and lighting, new alloy wheel patterns and a redesigned interior with claimed improved ergonomics. The 2025 Tucson 2.5L models arrive at U.S. dealerships in July, while 1.6L turbo hybrid and plug-in hybrid models will be available late summer.

The Tucson has a redesigned panoramic curved display that integrates an optional 12.3-inch digital instrument cluster and an enlarged 12.3-inch touchscreen infotainment display. A redesigned center stack includes the addition of supplementary knobs and switches for frequent-use controls including audio volume and tuning (copying a long standing Toyota and Lexus tradition). A new dashboard tray located above the glovebox adds storage space for front-seat passengers. Continue reading

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New York Woman Arrested as South Korean Foreign Agent

The U.S. Department of Justice revealed today that Sue Mi Terry, 54, of New York City provided South Korean Intelligence Officers access, information and advocacy in exchange for luxury goods and funding. Terry was arrested yesterday and presented on criminal charges related to alleged offenses under the Foreign Agents Registration Act (FARA). Terry is charged with one count of conspiracy to violate FARA and one count of failure to register under FARA. If convicted, she faces a maximum penalty of 10 years in prison. If convicted, a federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

According to court documents, after leaving U.S. government service and for more than a decade, Terry allegedly worked as an agent of the government of the Republic of Korea (ROK), commonly known as South Korea, without registering as a foreign agent with the Attorney General, as required by law. As covertly directed by ROK government officials, Terry publicly advocated ROK policy positions, disclosed non-public U.S. government information to ROK intelligence officers and enabled ROK officials to gain access to U.S. government officials. Continue reading

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U.S. FHA – $5B More in Large Bridge Project Awards

U.S. Transportation Secretary Pete Buttigieg  today announced more than $5 billion in the so-called Large Bridge Project* awards through the Federal Highway Administration’s (FHWA) competitive Bridge Investment Program, part of the Biden  administration’s Investing in America journey. Thirteen major bridges get funding through the Bipartisan Infrastructure Law. The grants will fund the reconstruction, repair, and restoration – using American-made materials – of 13 nationally significant bridges in 16 states that connect communities to jobs and resources, support the economy. The bridges are critical corridors for freight travel. These projects will also address safety issues and make the bridges more resilient to extreme weather, all while creating good-paying jobs.

“For too long America let bridges fall into disrepair, which left people less safe, disrupted our supply chains, and cost people time and money – but now the Biden-Harris Administration is changing that with the biggest investment in our bridges since the Eisenhower era,” said U.S. Transportation Secretary Pete Buttigieg. “There are currently about 3,000 fewer bridges in poor condition than when our administration began, and today we are proud to announce funding to repair or replace 13 of America’s largest and economically significant bridges.” Continue reading

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Global Light Vehicle June Sales Rate at 89 Million Best in 2024

Ken Zino of AutoInformed.com on Global Light Vehicle June Sales Rate Best in 2024

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The Global Light Vehicle (LV) selling rate reached 89 million units annually in June, not only an improvement on the previous month, but the best result so far this year, according to an analysis released today by the respected GlobalData consultancy.* At 7.6 million vehicles sold, June marked a 2.2% decline year-on-year (YoY), although year-to-date (YTD) sales were up 2.3%.**

Sales accelerated in China last month with the price war continuing, while in the US sales staggered as a result of a cyberattack affecting dealerships. Europe saw a rise in selling rates, thanks to improvements in both East and West Europe. Meanwhile, Japan recorded lagging sales in the face of supply issues and a subdued macroeconomic climate,” said the GlobalData Light Vehicle Sales Forecasting Team. Continue reading

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EPA Grant to Holcim U.S. for Clean Cement

The U.S. Environmental Protection Agency (EPA) today announced the selection of Holcim U.S. in Missouri to receive $1,371,814 in grants to support efforts to report and reduce climate pollution from the manufacturing of construction materials. EPA estimates that the construction materials used in buildings and other built infrastructure account for more than 15% of annual global greenhouse gas emissions.

“As America continues to build more and upgrade our nation’s infrastructure under President Biden’s leadership, cleaner construction materials such as concrete and steel are increasingly essential for the nation’s prosperity,” said EPA Deputy Administrator Janet McCabe. “These historic investments will expand market access for a new generation of more climate-friendly construction materials, and further grow American jobs that are paving the way to the clean energy economy.” Continue reading

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First look – Red Bull RB17 Hypercar

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Red Bull Advanced Technologies and Oracle Red Bull Racing at the 2024 Goodwood Festival of Speed presented by MasterCard debuted the RB17 Hypercar. This exotic sports car designed by Group Chief Technical Officer Adrian Newey – the most winning designer in F1 history – and his team, places Red Bull Advanced Technologies has Formula One levels of performance combined with what’s claimed to be “indulgent luxury.”

“We are excited to debut the RB17 to the public for the first time and couldn’t think of a better world stage than Goodwood Festival of Speed. The RB17 exudes rarity and engineering excellence. We’ve channeled everything we know about racing into making the ultimate performance car,” said Christian Horner, CEO of Oracle Red Bull Racing and Red Bull Advanced Technologies.* Continue reading

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Annals of Marketing 2026 – Audi Formula One and bp

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Audi said today that it is working with and bp (formerly British Petroleum) on new strategic partnership in Formula 1 as Audi prepares to enter F1 in 2026, which marks the introduction of new FIA F1 Technical Regulations with enhanced electrification and use of Advanced Sustainable fuel. Under the new partnership, bp and its specialist lubricants business Castrol will supply bp fuels and Castrol lubricants to enable “maximum performance” from the Audi F1 Power Unit. (AutoInformed on: Alpine, Audi, Ferrari, Honda, Red Bull Ford, Mercedes-AMG are V6 Power Unit Suppliers for Formula One in 2026)

“Audi and bp have always worked together successfully in motorsport. We are delighted that we can take this special partnership to the next level in Formula 1. Audi stands for ‘Vorsprung durch Technik’ and bp and Castrol also aspire to deliver the best technologies in the field of fuels and lubricants. This is a perfect match. It is a strong signal for Audi’s future F1 factory team that we have been able to establish this partnership at such an early stage,” said Andreas Seidl, CEO Audi F1 team. Continue reading

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New Porsche Panamera Bests Old Time at Nürburgring

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Porsche said today that the new Panamera on the Nürburgring Nordschleife beat the old model’s time last Friday. With Porsche test driver Lars Kern behind the wheel, a pre-series variant of the high-performance touring sedan completed the course 5.64 seconds faster than the comparable model of the previous generation. Kern thereby set a new best time of 7:24.17 minutes for luxury class cars with combustion engines and hybrids, in what is the future top of the line model of the Panamera series. Kern had previously set class records on the Nordschleife in 2016 and 2020 in the Panamera, most recently in the Panamera Turbo S at 7:29.81 minutes. (see the lap click here)

“On the Nordschleife, the transverse dynamic capabilities of a car are particularly important,” said  Kern. “The new Panamera has made significant gains in this area. In technically demanding corner sequences in particular, such as between the ‘Hohe Acht’ and ‘Brünnchen’ sections of the track section, it responds with noticeably greater agility.” Continue reading

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