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BYD Toyota EV Technology Company Debuts bZ3 EV in China
It’s a risky strategy that has proven successful so far, but doing business with totalitarian governments can cause disastrous consequences as Putin’s war on Ukraine demonstrated for European companies doing business in the region. Continue reading
Renault Group Q3 – 20% Increase in Revenue at €9.8B
The Group’s orders in Europe remains at an historic level – the same in volume compared to the end of June. Renault Group also confirmed its 2022 financial outlook*, which will probably meet with analyst skepticism given the ongoing economic crisis in Europe and the negative global effects of Putin’s war against Ukraine. Balancing this is a renegotiation of the Alliance with Nissan, which could bring Renault ~$3.3 billion if it cuts it stake to 15% from 43%. Continue reading
GMC Debuts Electric Sierra Pickup
GMC will likely be the only US brand to offer three all-electric trucks, with the Sierra EV joining the GMC HUMMER EV Pickup and SUV2. Underpinning these three trucks is GM’s Ultium Platform, which enables versatility and claimed optimal performance in an all-electric truck. Continue reading
EPA Hydrofluorocarbon Rule Attacks Global Warming
The proposal follows the Senate’s bipartisan ratification of the Kigali Amendment to the Montreal Protocol, a global agreement to phase down HFCs and avoid up to 0.5-degrees Centigrade of global warming by the end of this century. It’s the latest step in assuring US Global Leadership on fighting Global Warming and Extreme Climate Change, which are people, jobs and planet killing. Continue reading
Statistical Quirks Show September EU Car Sales up 10%
This is really a mathematical quirk since the “increase” came from a low base of comparison from September 2021, when the semiconductor shortage hindered vehicle production. This is an economic calamity because 12.7 million Europeans work in the auto industry, directly or indirectly, comprising 6.6% of all EU jobs. Moreover, 11.5% of EU manufacturing jobs, ~3.5 million, are in the automotive sector. Motor vehicles are responsible for €398.4 billion of tax revenue for governments within key European markets. Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed.com, EU Passenger car sales, Ken Zino
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BMW Group to Spend $1.7B to Make Electric Vehicles in US
The new Woodruff factory will encompass over 1 million sq. ft. and produce next generation batteries for fully electric vehicles. About, and 300 new jobs will be created on site. Plant Spartanburg currently produces lithium-ion battery modules for the two plug-in hybrid electric vehicles built at the plant, the BMW X3 xDrive30e and BMW X5 xDrive45e. In 2021, ~70,000 electrified BMWs were built on site. Continue reading
Toyota Auto Insurance Adds Texas
Toyota of course is not alone. At least 18 automakers have started insurance products based on telematics using connected car capabilities to determine rates. Continue reading
Tony Spiteri Named General Manager of NASCAR Canada
NASCAR Pinty’s Series races at some of the most famous tracks or prominent Canadian backdrops such as, including Canadian Tire Motorsport Park (CTMP) during the track’s traditional Victoria Day weekend event, the streets of Toronto and the historic Grand Prix Trois Rivieres (GP3R). In addition, the series made its dirt debut at Ohsweken Speedway earlier this year as well as a trip to Eastbound International Speedway as part of Newfoundland and Labrador’s Come Home 2022 celebration, the series’ first race in the province. Continue reading
Posted in marketing, racing
Tagged auto industry commentary, autoinformed.com, Chad Seigler, Ken Zino, NASCAR Canada, Pinty’s Series
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Renault at Paris Motor Show – Vague Marketing for Unique Cars
There so much history here, it’s tough to know where to concentrate on the most significant. AutoInformed arbitrarily picks the Kango because it caught Ford of Europe napping 25 years ago while Renault was transiting, so to speak, into the leisure activity vehicle segment. With its pragmatic design and a sliding side door for the first time, Renault Kangoo merged two segments in Europe – a roomy car for families, and a work vehicle with a large-sized boot, err trunk, and durability for professionals. Renault has sold 4 million of them in 50 countries. Renault Kangoo is now available in an E-Tech Electric version for the first time in its history. Continue reading
Jeep Avenger EV Debuts in Paris
“The new Jeep Avenger represents a key milestone for the brand as it is the first of a portfolio of all-new Jeep BEVs to be introduced in Europe.” said Christian Meunier, Jeep brand CEO. “It offers Jeep brand capability that is rightsized for the European market and at the Paris Motor Show, we are showcasing why it is a great all-electric Jeep brand alternative to current players in the B-SUV segment.” Jeep predicts it will be its best-selling model in Europe by 2024. Continue reading
Posted in auto news, electric vehicles, global warming, manufacturing, marketing, new vehicle, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, B-SUV segment, christian meunier, Emotors, Jeep Avenger EV, Ken Zino, Leroy-Somer Holding, paris motor show, Poland, Stellantis, Tychy
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Mobile Music – New Mercedes-Benz Dolby Atmos Symphony
Integrated into the optional Burmester® high-end 4D and 3D sound systems, it has a justifiable claim to be state of the art. Whether you like such art or German opera is a matter of personal taste, of course. Continue reading
Global Light Vehicle Sales Fall in September
However, LMC noted that notwithstanding a reduced global selling tempo, China’s market remained “robust with year-to-date growth of 8.0%. North America and Europe, however, both experienced a sharp decline in their selling rates as supply issues continued to affect these markets.” Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, JATO Dynamics, Ken Zino, lmc automotive, oxford economics
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CARB settles with FCA for $5.6M on Air Quality Violations
FCA cooperated with CARB to resolve all allegations of violating Motor Vehicle Pollution Control Devices regulations. FCA’s settlement includes a $2.8 million civil penalty that will go to CARB’s Air Pollution Control Fund, which provides funding for projects and research to improve California’s air quality. Continue reading
Stellantis to Build Fiats in Algeria
This sets Stellantis on a path to manufacture Fiat vehicles in Algeria. Continue reading
GM Earns $4.3 Billion in Q3 2022
“This keeps us on track to deliver our third consecutive year of full-size pickup leadership, and our 22nd year as the full-size SUV leader. To build our truck leadership and help maintain our strong margins, Chevrolet and GMC recently unveiled new mid-size and heavy-duty pickups that will launch next year,” said GM chair and CEO Mary Barra. Continue reading →