Tag Archives: autoinformed.com

Justice Sues to Block JetBlue’s Purchase of Spirit Airlines

“JetBlue’s proposed acquisition of Spirit eliminates a disruptive, low-cost option for millions of Americans. Whether they fly Spirit or not, travelers throughout the United States benefit from an independent Spirit because where Spirit competes, other airlines – including JetBlue – are forced to compete more vigorously by lowering fares, offering greater innovations, and delivering more consumer choice,” said Principal Deputy Assistant Attorney General Doha Mekki of the Justice Department’s Antitrust Division. “This transaction occurs against the backdrop of years of airline consolidation in the United States.” Continue reading

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Cadillac CELESTIQ Debuts With Hands-Free Driving Possible in Most Conditions Early in 2024. Caveats Apply

General Motors (NYSE: GM) announced today that Ultra Cruise1, the company’s next-generation advanced driver assistance system2 designed to enable hands-free driving in 95% of all driving scenarios, will have a 360-degree view of the vehicle through a unique sensor suite when it launches on the ~$300,000 Cadillac CELESTIQ 3 in early 2024. There are of course many technical, regulatory and insurance issues the need to be resolved before full deployment is underway. Continue reading

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SEC Charges Mining Company Rio Tinto with Bribery

Ford Motor (NYSE: F) and Stellantis (NYSE: STLA) among other large international corporations have supply contracts or business relationships with the mining conglomerate  involving electric vehicle battery materials. Whether this is a bum in the road or a longer-term impediment to EV advancement is an open and ongoing matter subject to debate in industrial and public policy sectors. Continue reading

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February 2023 Western EU Passenger Vehicle Sales Up 11%

However, LMC hedged by saying that 2022 is a weak base for comparison. “In YoY terms, the market was up 2.8%, though the same period last year was particularly weak” Continue reading

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Honda Using Fuel Cell to Back Up Power at Its Data Center

The power station uses Honda’s hydrogen fuel cell technology know-how and contributes to the company’s global goal to achieve carbon neutrality for all products and corporate activities by 2050.In the coming years, Honda will begin applying a next-generation stationary fuel cell system to Honda manufacturing facilities and data centers globally, thereby reducing the company’s greenhouse gas emissions. Continue reading

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NADA Economist Predicts 14.6 Million Light Vehicle Sales

“Looking ahead, we believe that vehicle production will show continued improvement in March. Wards Intelligence expects that 2023 Q1 North American light-vehicle production will grow by 7.3% compared with the first quarter of 2022. This should be good news for continued inventory growth throughout the year. We believe that with more inventory available, new light-vehicle sales will increase in 2023. Our full-year forecast is 14.6 million units,” said Manzi. Continue reading

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US January Aviation Fuel Use Recovering

The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released US  airlines’ January 2023 fuel cost and consumption numbers. US scheduled service airlines used 1.413 billion gallons of fuel, 4.0% less fuel than in December 2022 (1.471 billion gallons), but only -0.7% less than in pre-pandemic January 2019 as the economy remains resilient. Continue reading

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Ford Motor Establishes Latitude AI for Autonomous Driving

Ford Motor Company said today that it has established Latitude AI, a wholly owned subsidiary, develop “a hands-free, eyes-off-the-road automated driving system.” The move follows in the wake of a $2 billion loss posted for 2022, partially the result of a Q3 2022 decision that saw Ford shift its capital spending from the L4 advanced driver assistance systems being developed by Argo AI to internally developed L2+/L3 technology. Continue reading

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US Light Vehicle Sales Up in February Amid Uncertainty

The February selling rate was estimated to be 15.0 million units/year, aka SAAR, down from 16.0 million units/year in January. However, as LMC observed last month, January’s rate appears to have been distorted by changing seasonality and the unique conditions in the market whereby a lack of supply is still constraining sales in some cases. Continue reading

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AutoFlight Claims World’s longest eVTOL flight of 155 Miles

The flight, which took place at AutoFlight’s eVTOL testing facility on 23 February, consisted of 20 circuits on a predefined flight track, with the plane remotely piloted from the ground by AutoFlight’s Flight Test team. Although AutoFlight’s Gen4 aircraft is fitted with the latest in state-of-the-art avionics, the aircraft also ran third-party avionics to record and verify the distance flown on ForeFlight, an independent system widely used in the aviation sector. Continue reading

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SEC Charges Transportation Company Greenbrier for Failing to Disclose Executive Perks and Payments

The SEC’s orders find that Greenbrier and Furman violated negligence-based antifraud and proxy provisions of the federal securities laws and that Greenbrier and Furman also committed or caused reporting, books and records, and internal accounting controls violations of the federal securities laws. Without admitting or denying the SEC’s findings, in addition to penalties, Greenbrier and Furman agreed to cease-and-desist from future violations of the securities laws. Continue reading

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Stellantis Sells Its Turkish Distribution Company

As a result, all Stellantis brands available for distribution in Türkiye – Alfa Romeo, Fiat, Citroën, DS Automobiles, Jeep®, Maserati, Opel and Peugeot – will be distributed by Tofaş.** The transaction, which will be subject to requisite regulatory approvals, including the approval of the relevant competition authorities, is expected to close in the second half of 2023. Continue reading

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USPS Reveals Electrification Buys for Largest Federal Fleet

The Postal Service’s total investment in vehicles is expected to reach $9.6 billion, including $3 billion from Inflation Reduction Act (IRA) funds. The December 2022 plan announced intended acquisitions during the next five years of a 75% electric fleet of Next Generation Delivery Vehicles (NGDV). Acquisitions of NGDV after 2026 will be 100% electric unless the anti-environment or big oil factions of the Republican party interferes, of course. Continue reading

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Michigan Opens New EV Jobs Academy Website

The EV Jobs Academy is devised to provide Michiganders with tuition assistance and supportive services, including “earn while you learn” opportunities through a Registered Apprenticeship, to support and streamline “on-ramps to high-wage, in-demand careers. ” With more than 100 partners including employers, industry stakeholders and education institutions, the EV Jobs Academy is driving the state’s advanced mobility talent development for the future. It’s the latest example of a growing progressive awakening to make America great again by creating high-paying jobs for blue collar workers. Continue reading

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WEC – Hertz Team JOTA Unveils Le Mans Bound 2023 Race Car

“Our sponsorship of Hertz Team JOTA marks the company’s return to premium motorsports and underscores Hertz’s commitment to speed, reliability, and innovation, both on and off the track. We look forward to collaborating with the BRADY Brand and Singer as we engage our customers and millions of racing fans during the 2023 FIA World Endurance Championship season,” said Stephen Scherr, Hertz Chief Executive Officer. Continue reading

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