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US New Vehicle Sales Soar in April 2023 at 1.3 Million
“The industry is poised for another favorable month in April, with projected retail sales expected to increase 5.9%, accompanied by a 2% increase in average transaction prices. Consequently, it’s expected that consumers will spend ~$47.5 billion on new vehicles this month, reflecting 2.9% growth compared with the same month a year ago,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed.com, J.D. Power and LMC Automotive, Ken Zino, Thomas King
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OTA – More Horsepower for Mercedes EQE, EQS Customers
Mercedes-Benz said in Atlanta today that EQE and EQS customers in North America can now opt for more performance with the new “Acceleration Increase On-Demand upgrade,” available as an Over-the-Air update (OTA) This applies to Sedan and SUV models. The upgrade raises the vehicle’s output by as much as 80 horsepower. Continue reading
EPA – Children Especially Vulnerable to Climate Change
The peer-reviewed EPA report quantifies projected health effects associated with extreme heat, air quality, changing seasons, flooding, and infectious diseases. Where possible, the analyses consider the extent to which health effects disproportionately fall on children who are Black, Indigenous and people of color [BIPOC], low income, without health insurance, and/or have limited English proficiency. Continue reading
Hyundai Motor Group, SK On Approve US Battery Cell JV
In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. The total investment amount for the joint venture is expected to be ~$5 billion, with the Group and SK On each holding a 50% stake. Continue reading
GM, Samsung SDI Announce New US Battery Cell Plant
General Motors (NYSE: GM) and Samsung SDI announced today they plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States. The plant will have more than 30 GWh of capacity and will bring GM’s total U.S. battery cell capacity to about 160 GWh when it is at full production in ~2026. The companies plan to jointly operate the facility, and it is projected to have production lines to build nickel-rich prismatic and cylindrical cells. Continue reading
CARB Approves Toyota HD Fuel Cell Electric Powertrain Kit
“Toyota aims to reduce or eliminate emissions for all mobility solutions, and our fuel cell electric powertrains have proven that hydrogen can play a significant role in the emissions reduction of emissions from heavy-duty transportation,” said Scott Friedman, senior program manager advanced mobility, Toyota Motor North America. “Receiving the Zero-Emission Powertrain Executive Order from CARB is a key achievement for our teams who have dedicated an incredible amount of time and effort, and we are excited to offer this powertrain commercially in the near future.” Continue reading
Marketing Annals – Dream Chaser Trax to Great Lakes Activist
Meag Schwartz, described as a local Michigan activist and environmental educator, won on the basis of her pursuing protecting and cleaning up the Great Lakes. Continue reading
Drip, Drip – GMC Debuts 3X Trim for HUMMER EV Pickup, SUV
As with the other former ‘Detroit Three ‘companies, marketing is having it two ways for an EV – fast on-road performance and with off-road capability. It is working, at least for GMC – reservations are currently full for the HUMMER EV Pickup and SUV. Just bring money – lots of it – these are priced well over $100,000. Continue reading
Troubled Asset Relief Program Report – Same Villains
Lawmakers created the TARP in 2008 to stabilize the roiling financial markets. Given what appears to be universal Republican intransigence on guaranteeing US Treasury repayment of the huge amount of debt piled up considerably during the Trump Administration, and the ongoing Republican folly of tax-cuts for the wealthy and other forms of corporate welfare, it appears that the US is once again headed for a crash in the financial markets, a recession and perhaps a resulting global depression. If another bailout is needed to provide stability in financial markets by purchasing and guaranteeing “troubled assets,” let’s hope we learn from the past and awaken to the idea that bailed out banks and financial institutions will have to give taxpayers equity in the institutions commensurate with the amount of money given them. Continue reading
Ford F-150 Lighting Debuts in Norway in 2024
Ford Motor, along with all other global makers, is pursuing complex strategies and elaborate routes while transitioning to electric vehicles. EV demand is accelerating – reinforced and spurred by regulations – in the face of the dire effects of global warming – some, if not most, caused by the ongoing use of fossil fuels and what was in effect denial of the negative consequences of the exclusive use of fossil fuels in transportation. Ford’s challenge is to profitably maintain during this transition both a line of EVs from Ford Model e and the so-called Ford Blue internal combustion vehicles that at some point – perhaps near at hand – are doomed, but remain the foundation of the business. Continue reading
Marijuana – Feel Different Then You Drive Different
“High, stoned, or wasted, zonked – doesn’t matter what term you use, if you are impaired, do not get behind the wheel of a vehicle,” suggests AutoInformed. “We are asking our readers to use decent judgement, obey the law, and above all make safe choices before your get behind the wheel of any type of vehicle.” Continue reading
Posted in people, safety, transportation
Tagged auto industry commentary, autoinformed.com, Ken Zino, Marijuana impaired driving, nhtsa
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VW 2023 ID.4 EV Gets $7500 Fed Tax Credit
“This is great news for consumers in the U.S. because it expands the choice of truly affordable EVs,” said Pablo Di Si, President and CEO of Volkswagen Group of America. “This shows that we made the right decision to localize production of the ID.4 in Tennessee and invest even further in battery production, components and innovation.” Continue reading
Alternative Fueling Stations Way Up Since 2020. So What?
Alternative energy sources have been at the forefront of strategies to reduce carbon emissions. This is especially true in transportation, the sector responsible for the most greenhouse gas emissions in the US. However, the US has more than 280,000,000 registered vehicles, begging the question what are we doing about the planet killing use of existing fuels for the vast majority of vehicles that are on and will remain on the roads? Electric vehicle (EV) charging stations have been growing faster than any other fueling categories and now account for about 84% of all alternative fueling stations. Continue reading
GM to Move to Unified Automotive Software Standards
GM will join the Eclipse Foundation’s Software Defined Vehicle (SDV) Working Group, which is focused on accelerating innovation of automotive-grade software stacks using open source and open specifications developed by and for a growing community of engineers and member companies. Collaborators on GM’s Ultifi software platform include Microsoft, Red Hat, and other automakers, participate in the group. Continue reading →