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Tag Archives: autoinformed.com
Stellantis Posts Record Revenue and Profits for 2023 Half 1
Stellantis (NYSE: STLA) today posted strong growth while setting new records in net revenues, operating income and net profit for the first half of 2023 while continuing its transformation to electrified and software-defined vehicles for its 14 brands. Stellantis currently has 25 BEVs available today and another 23 launching through 2024. Continue reading
Posted in financial results, mobility company
Tagged alfa romeo, auto industry commentary, autoinformed.com, carlos tavares, chrysler, citroën, Dodge, DS Automobiles, Fiat, Free2Move, jeep, Ken Zino, lancia, Leasys, maserati, opel, Peugeot, ram, Vauxhall
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EPA Propose Tougher Air Emissions Reporting Requirements
“Data and science are the very foundation of the work we do every day at EPA to protect public health and the environment,” said EPA Administrator Michael S. Regan. “When we have the most recent, most accurate data on air toxics and other emissions, we can improve our identification of areas where people may be at risk from pollution, develop solutions and help ensure everyone has clean air to breathe.” Continue reading
Teamsters Union Agrees with UPS on New Contract
The Teamsters said today that it has reached what it called “the most historic tentative agreement for workers in the history of UPS, protecting and rewarding more than 340,000 UPS Teamsters nationwide.” The contract raises wages for all workers, creates more full-time jobs, and includes dozens of workplace protections and improvements. The UPS Teamsters National Negotiating Committee unanimously endorsed the five-year tentative agreement. The agreement increases the pressure on automakers to settle with the UAW under the ongoing contract negotiations. Continue reading
Artificial Intelligence – J.D. Power and Palantir Technologies
J.D. Power, a data and analytics company today announced a collaboration with Palantir Technologies Inc., (NYSE: PLTR) to develop generative artificial intelligence (AI) and predictive analytics solutions that it claimed, “will facilitate deeper insights and more strategic decision making by … Continue reading
APEAL Study of New Vehicle Owner Satisfaction Down Again
The J.D. Power US Automotive Performance, Execution and Layout (APEAL) StudySM shows that there is a consecutive year-over-year decline in owner satisfaction for the first time in its 28-year history. According to the 2023 study, overall satisfaction is 845 (a 1000-point scale), decreasing 2 points from a year ago and 3 points lower than in 2021. Continue reading
Stellantis and Samsung SDI to Build Second US Battery Plant
“This new facility will contribute to reaching our aggressive target to offer at least 25 new battery electric vehicles for the North American market by the end of the decade,” said Stellantis CEO Carlos Tavares. “We are continuing to add more capacity in the United States together with our great partner Samsung SDI and laying the next steps to reaching our carbon neutrality commitment by 2038.” Continue reading
Tesla Safety Recalls for Safety Systems and Seat Belts
Tesla is recalling 2023 Model S, Model X, and Model Y vehicles. The forward-facing camera may be misaligned, causing some of the active safety features such as emergency braking, forward collision warning, and lane assist to become unavailable without alerting the driver. Tesla is also recalling 2021-2023 Model S and Model X vehicles. The front-row seat belts may not be connected properly to the pretensioner anchors, which can cause the seat belts to detach. Continue reading
Toyota and Lexus Recalling Numerous Vehicles for Bad Airbags
Toyota is recalling model year 2023 Corolla, Corolla Cross, Corolla Cross Hybrid, Highlander, Highlander Hybrid, Tacoma, 2023 Lexus RX350, RX350 Hybrid, RX500 Hybrid, 2023-2024 Lexus NX250, NX350, and NX350 Hybrid vehicles because of potentially defective airbags. Continue reading
Posted in manufacturing, quality, recalls
Tagged American Furukawa, auto industry commentary, autoinformed.com, fmvss 208, Ken Zino, NHTSA 23V480
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Honda Halting Lawn Mower Production in US
Significantly, by the end of September, NCM will discontinue production of gasoline lawnmowers “due to market forces” such as stricter environmental regulations and shifting customer preferences to become the sole producer of Honda ATVs in North America,allowing SCM to expand Honda side-by-side production of Pioneer and Talon sports models. Continue reading
Tesla – Solid Q2 with Higher Production and Lower Prices but…
During Q2 2023 Tesla (NASDAQ: TSLA) made ~480,000 vehicles and delivered more than 466,000, the highest to date. As a result, Q2-2023 looked solid with Tesla setting its production and deliveries among its top five quarters. The result was revenue approaching $25B in a single quarter. Net revenue was $2.7 billion. However, analysts remain skeptical about what many of them say is a greatly overvalued stock that pays no dividends. During the past year a share of TSLA stock has ranged from ~$102 to $315. It’s currently trading ~$260. (AutoInformed: Ford Cuts F-150 Lightning Prices by $6000 to $10,000) Continue reading
Consumer Rights Nil in New Autonomous Vehicle Bills?
The Center for Auto Safety says one of the proposals, the SELF DRIVE Act, “neglects to include any consumer protections that prevent the use of binding arbitration clauses in contracts involving autonomous vehicles.” As is common in Washington the legislation is misleadingly named. However, there is a need to explore the issue as there are arguments on many aspects of technology and systems that can save lives and reduce traffic congestion even though AutoInformed remains skeptical about the ability of politicians to do so with a regard for We the People as opposed to We the Congress who are paid large sums by corporate interests. Continue reading
Posted in AutoInformed Editorial, autonomous cars, autonomous vehicles, connected vehicles, customer satisfaction, litigation, mobility company, news analysis, public health, safety
Tagged auto industry commentary, autoinformed.com, AV Bill of Rights, Bob Latta, Center for Auto Safety, Debbie Dingell, Ken Zino, SELF DRIVE Act
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Milestones – 40M Engines Built at Nissan Yokohama Plant
The Nissan Yokohama Plant has built 40 million engines in the same year Nissan celebrates its 90th anniversary. Yokohama opened in 1935, two years after Nissan’s founding. It built its 10 millionth engine in 1976, its 20 millionth in 1986 and its 30 millionth in 1997. With the launch of the all-electric LEAF in 2010, the plant has also been producing electric motors, including those for e-POWER vehicles such as the Nissan Note. During the Japanese fiscal year 2022, motors accounted for approximately 40% of Yokohama Plant’s production. Continue reading
Renault and Nissan Settle Definitive Agreements
The upside for all who remain is survival in a difficult environment, in AutoInformed’s view. At the very least it locks in some badly needed economies of scale. It follows a general realignment ongoing at other global automakers. As with all such strategic agreements, announcing them is one thing. However, building a culture of shared trust across vast, diverse enterprises is quite another matter as the sorry Carlos Ghosn saga illustrated. Continue reading →