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- Toyota to Export U.S. Made Vehicles to Japan
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- Wadda You Say? Personalized Sound at Nissan, Infiniti
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Porsche Supercup Remains Formula 1® Support Series
Both parties have extended the agreement for eight years until 2030. For the 2023 season, the international one-make cup will use the 375 kW (510 PS or 503 horsepower) Porsche 911. During the eight races of the 2022 Porsche Mobil 1 Supercup, 28 registered competitors and 25 guest drivers competed. Continue reading
Mercedes-Benz First Automaker Issuing Green Panda Bonds
A so-called green bond is a fixed-income financial instrument used to support climate-related or environmental projects. They may or not be tax free. The Green Panda Bond further reflects what Daimler said is the openness and innovation of the Chinese capital market in ESG sectors.
In our view it also shows how out of touch the Republican party of No Hope, aka nope) is on environmental and economic matters with its denial of climate change and so far futile attempts to kill such instruments in the US and punish corporate issuers. Continue reading
EU Commercial Vehicle Registrations -8.5% in October
In a demonstration of the murky answer to the question “is the ongoing European-recession glass half-empty or half-full?”, ACEA* said today that the EU market for new commercial vehicles continued to scuffle, declining for the sixteenth month in a row at -8.5% vehicles.
However, year-to-date registrations of new commercial vehicles across the European Union contracted by 16.8% to 1.3 million units. So things are improving somewhat since the rate of decline is decreasing. Moreover, the truck and bus segments performed better than in October 2021. Continue reading
Posted in economy, news analysis, sales
Tagged acea, auto industry commentary, autoinformed.com, eu, Ken Zino
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Stellantis Overhauling European Dealer Network in 2023
In essence, electrification is a challenge facing all global automakers. Currently in the US Ford Motor is facing a major dealer revolt over its proposed electrification model. At Stellantis – the mega merger of FCA and PSA companies – the problem is acute – with its Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall automotive brands, as well as Free2move and Leasys services – the multi-brand distribution network is, well, complex. Continue reading
November US New Vehicle Sales Forecast Record Consumer Spending of $42.8B. Global Sales Good, but Fluid
New-vehicle transaction prices continue to rise, but slower than earlier this year. The average price in November will set a record for the month of $45,872, an increase of 3.1% from a year ago. The record transaction prices mean that buyers are predicted to spend nearly $42.8 billion on new vehicles this month, the highest level ever for the month of November and a 7.0% increase from November 2021 as the Biden Administration recovery continues. Continue reading
Hypercar Hype – Praga Bohema Prototype Shown
“Yet it is also comfortable and practical for head-turning road trips,” Praga said. The Bohema’s interior has a narrow, aerodynamically defined cockpit that it’s claimed seats two, 6.5-feet-tall adults with fully adjustable driver’s seat, steering wheel and pedals, generous luggage space, aircon and useful rear visibility. Only 89 of the $1.31million cars will be built with “potential” sales and aftersales partners in countries including Australia, Germany, Hong Kong, Japan, South Africa, Spain, Taiwan, UAE, UK and the US. Continue reading
SEC Charges Goldman Sachs for Ignoring ESG Investment Policies, Procedures
To make the charges go away, GSAM agreed to pay a $4 million penalty. AutoInformed notes with no insider knowledge of this matter whatsoever or holdings of Goldman products to the best of its knowledge, that this is a minor parking ticket. Could it be that the SEC was perhaps lagging in its regulatory duties under the previous administration, and is now using this as a public relations ploy as it plays catch-up monitoring such investments? Continue reading
Ford Recalls 2021-22 F-150s for Wiper Motor Failures Again
Some of the vehicles recalled were previously recalled for the same problem. NHTSA appears to have played a strong part in the latest recall because of complaints from people to NHTSA* The newest NHTSA Campaign Number is 22V842000. Continue reading
Porsche Showing 911 Dakar at LA. Honda Wins Baja 1000
Welcome to the confusing world of performance car and truck racing and production car and truck marketing. There are clear differences in the vehicles, but the promotional aspects are virtually identical. Continue reading
Death of the Diesel – CARB Tightens Off-Road Equipment Regs
The amendments will require fleets to phase-out use of the oldest and highest polluting off-road diesel vehicles in California; prohibit the addition of high-emitting vehicles to a fleet; and require the use of R99 or R100 renewable diesel in off-road diesel vehicles. These vehicles are the second largest mobile source of NOx in California, only exceeded by trucks on roads and highways, aka on-road trucks. Continue reading
Toyota bZ Compact SUV Debuts at LA Auto Show
“We’ve only just begun to scratch the surface of the Beyond Zero moniker,” said Toyota group vice president and general manager David Christ. “With an aerodynamic design coupled with intuitive tech features never before seen in a Toyota model, the bZ Concept showcases another possible vision of the very near future with our battery electric vehicles.” Continue reading
GM Raises 2022 Earnings, Offers 2023-25 Performance Goals
General Motors Co. (NYSE: GM) at its annual investors’ meeting in New York City significantly raised its 2022 financial results predictions. GM now projects full-year 2022 adjusted automotive free cash flow will increase to $10-11 billion from its previous guidance of $7-9 billion. GM now projects 2022 EBIT-adjusted for the full year will be in a range of $13.5-14.5 billion, compared to its previous guidance of $13-15 billion. Continue reading
DOT Imposes Millions in Airline Fines for Cancellations. Paltry Penalties for an Abundance of Abuses
In a mumbled ‘two cheers for US flag carriers,’ only one of the airlines fined – Frontier – is a US airline. Collectively, the airlines were only fined $7.25 million in total much to the dismay of the many consumer groups critical of airline practices. Frontier at a $2.2 million penalty paid the largest fine. Continue reading
Ford Expands Escape, Bronco Sport Engine-Fire Recalls
Ford in the required filing made public today by National Highway Traffic Safety Administration said the safety defect concerned prior under-hood fire reports from oil separator inspections associated with NHTSA Recall 22V-19. Ford reviewed two under-hood fire reports from a 2022 model-year Escape and 2022 model-year Bronco Sport vehicle with the 1.5-liter ‘Dragon’ engine. Continue reading →