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Ford Motor Cuts Prices on Mustang Mach-E
Ford Motor said today it is increasing production of the Mustang Mach-E and reducing prices* to keep it competitive in the growing EV marketplace. Virtually all of Mustang Mach-E’s growth to date is incremental to the Ford brand with two-thirds … Continue reading
IMSA Rolex 24 at Daytona Thrills Largest Crowd in History
What was said to be a record crowd at the Rolex 24 at Daytona this past weekend were on hand to view some of the closest, fierce racing in recent IMSA history that resulted in several cars contending up to … Continue reading
Posted in marketing, performance, racing
Tagged auto industry commentary, autoinformed.com, IMSA Rolex 24 At Daytona, Ken Zino
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NASCAR – Johnson, Rockenfeller, Button to Drive Camaro ZL1 at the 24-Hour Le Mans Race in June
The Garage 56 project is a business and/or marketing deal among NASCAR, Hendrick Motorsports, Chevrolet and Goodyear – the winning-est team, manufacturer and tire in the sport’s 75-year history. All three drivers will participate in next week’s two-day test at Daytona International Speedway. The Camaro will have to have working headlights and taillights of course, not the usual NASCAR decals simulating them at NASCAR races. Jordan Taylor, who currently competes in the IMSA WeatherTech SportsCar Championship for Corvette Racing, will serve as the backup driver and “help coach the drivers.” Taylor won the 2015 24 Hours of Le Mans GTE Pro Class and has finished on the podium four times. He is a four-time IMSA champion. Continue reading
Corvette Z06 GT3.R 2024 Racecar Shown at Daytona
During 2024, Chevrolet and Corvette Racing will continue seeking key sports car racing championships with North American and global entries. The IMSA WeatherTech SportsCar Championship will see up to four Corvette Z06 GT3.R entries with a mix of GTD PRO and GTD teams starting with the 2024 Rolex 24. Two Corvette chassis will be bound for FIA WEC in hopes of a double entry in the yet-to-be-named GT category, which would include the 24 Hours of Le Mans. Chevrolet Motorsports said it will also be appraising opportunities to be represented in SRO Motorsports including SRO America and the Intercontinental GT Challenge. Specific team announcements including drivers will be announced at a later date. Continue reading
Ford Offers Free Pickup, Delivery and Mobile Service To All
The nationwide program is part of Ford’s commitment to improve the ownership experience by providing convenient, seamless options for vehicle service, from simple oil changes to recall repairs. Recalls have been infecting Ford Motor products for years. During 2022, Ford Motor led all makers in recalls with 67 totaling more than 8.6 million vehicles, according to the National Highway Traffic Safety Administration. No word on when or if Lincoln Dealers will participate. Continue reading
Almost Autonomous – Mercedes-Benz 2024 S‑Class, EQS?
If Mercedes is able to deliver model year 2024 Mercedes‑Benz S-Class and EQS Sedans late in 2023, then its optional DRIVE PILOT system would be the first and perhaps the only SAE Level 3 system in a standard-production vehicle authorized for use on US public freeways. Mercedes‑Benz also aspires to expand to California later this year with the certification documents already filed with state authorities. General Motors, among other automakers, is also actively pursuing autonomous vehicles. Several GM brands are partially there already with its Super Cruise system. Continue reading
January US Vehicle Sales Up as Transaction Prices Hit Record
The record transaction prices means that buyers are on track to spend nearly $39.9 billion on new vehicles this month, the highest level ever for the month of January, an increase of 2.4% from January 2022 despite the Federal Reserve’s efforts to send the US into a recession. The looming Republican creation of a depression over the deficit, aka Congressional contract hit on America II, remains ominous. Continue reading
Death of the Diesel – EPA Fines Genesee & Wyoming Railroad Services
GWRSI estimates that the company will spend approximately $42 million to comply with the consent decree requirements which will reduce NOx emissions from its locomotives by approximately 469 tons per year and particulate matter emissions by 14 tons per year. As these things go, this appears to be an amiable settlement to AutoInformed. Continue reading
Corporate Climate Change – Honda Reveals Reorganization
Today’s announcement concerns the restructuring of Regional Operations and Corporate Functions, as well as the creation of what is called “Electrification Business Development Operations.” EBDO is an outgrowth of the Business Development Operations established last April to strengthen electrification business. Continue reading
Volvo Car USA Recalls all 2023 Models for Software Bug
Volvo Car USA is recalling all 2023 S60, V60, V60CC, V90CC, XC60, XC90, XC40, and C40 vehicles because of a computer code error the Brake Control Module 2 (BCM2) may cause a loss of the Antilock Brake System (ABS), Electronic Stability Control (ESC), and the traction control system. A certain diagnostic test case that checks the grounding may put the BCM2 in a faulty state potentially resulting in a loss of brake support functions. Continue reading
EV Battery Gold Rush – Honda and GS Yuasa JV Announced
The two companies will discuss specifics with the goal of establishing a joint venture company by the end of 2023 for battery production methods as well as the establishment of a supply chain for key raw materials and a “highly-efficient” battery production system. Continue reading
Daytona Qualifying Opens 2023 IMSA Racing Season
The IMSA WeatherTech SportsCar Championship’s 2023 season opened Sunday with qualifying to set the grid lineup for the Rolex 24 at Daytona season opener next weekend. Under intense scrutiny were the brand-new hybrid-powered prototypes in the Grand Touring Prototype (GTP) class. Continue reading
GM Investing in Full-Size Truck and SUV Production
Significant amounts will be spent on updating full-size truck and SUV production. GM declined to release product details, timing, performance and other aspects related to GM’s next gen V8 engine. As with other automakers, vehicles with internal combustion engines (ICEs) will still play a role as GM converts to EVs. ICEs power GM’s most profitable vehicles. GM said its spending and plans for U.S. manufacturing sites totals more than $37 billion since 2013, including the Ultium Cells joint venture plants. Continue reading
GM Posts Record $14.5 Billion in Earnings During 2022
General Motors Co. (NYSE: GM) said today that fourth-quarter 2022 revenue was $43.1 billion, net income attributable to stockholders of $2.0 billion and EBIT-adjusted of $3.8 billion. GM’s full-year 2022 revenue was $156.7 billion, net income attributable to stockholders was $9.9 billion and EBIT-adjusted was a record $14.5 billion. Results were at the high-end of the company’s revised EBIT-adjusted guidance range. GM stock was up almost $3 per share immediately after the announcement. Continue reading →