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Tag Archives: autoinformed.com
Hot, Fast Company: Penske Automotive Increases Dividend 6%
Penske Automotive Group, Inc. (NYSE: PAG) – an international transportation services company, a significant force among premier auto and commercial truck retailers, and a successful racing organization – today announced that its Board of Directors has increased the dividend by $0.03 per share. Continue reading
IMSA NASCAR Street fight: Bye Road America, Hi Chicago
That weekend, of course, normally sees IMSA running sports cars at Road America in Wisconsin. NASCAR also runs at Road America too, usually in June. Whether this is, well, cheesy or not depends on your point of view. For the moment IMSA – owned by NASCAR – is officially silent on the matter. Continue reading
Posted in racing, shows and events
Tagged auto industry commentary, autoinformed.com, imsa, Ken Zino, NASCAR Cup Series in Chicago
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Japan: Research Association of Biomass Innovation for Next Gen Fuels
The goal is for bio-ethanol fuel production to achieve carbon neutral society. ENEOS Corporation, Suzuki Motor Corporation, Subaru Corporation, Daihatsu Motor Co. Ltd, Toyota Motor Corporation and Toyota Tsusho Corporation have established next gen auto fuels group on 1 July 2022 to study ways to optimize the process of producing fuel. Continue reading
Posted in energy, environment, global warming
Tagged auto industry commentary, autoinformed.com, biomass, co2, ethanol, hydrogen, Ken Zino
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All Porsche Taycan EVs Can be Upgraded to 2023 Specs
“This campaign will allow our customers to benefit from the continuous further development of the Taycan. We have extensively optimized the model series in almost every respect since 2019,” said Kevin Giek, Vice President Model Line Taycan. Continue reading
VW Group Changes EV Strategy, Leadership in North America
Scout will launch all-electric pick-up trucks and SUVs in the U.S. market. Volkswagen, of course, has been haunted for years by its deliberate cheating on deadly diesel emissions levels by using defeat software on EPA compliance tests that made the diesels look compliant when they were far from it*. VW did not say anything about the name Scout, of International Harvester fame, the name it acquired as part another business deal back in 2021. Continue reading
Posted in electric vehicles, milestones, people
Tagged auto industry commentary, autoinformed.com, Herbert Diess, Ken Zino, Pablo Di Si, scott Keogh, Scout
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Hyundai Motor and Safran MoU on Advanced Air Mobility
The major air industry event occurred as sweltering temperatures continued to assault people globally. It is perhaps ironic that Farnborough, founded in Saxon times, is mentioned in the Domesday Book of 1086. Continue reading
IMSA LMDh: Cadillac and Porsche Testing Together
This is where Porsche comes in. The sessions at Sebring International Raceway were the first collaborative LMDh test as Cadillac was joined by Porsche on the track. The cooperation between the OEs during the development of the spec hybrid system will contribute to the success of the broader program, according to GM sports car program manager Laura Wontrop Klauser. Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, endurance racing, imsa, Ken Zino, le mans, LMDh, wec
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Detroit Auto Show Links with Wayne State University in 2022
“Students will be directly engaged with the show, managing and completing a demographic study of the various audiences that the show attracts. We are also delighted that the Mike Ilitch School of Business is hosting a mobility conference in association with the Public Show,” said Rod Alberts, Executive Director of the Detroit Auto Show. Continue reading
Tilt! Stellantis and GAC to Stop Jeep China JV
Stellantis and GAC will proceed to an “orderly termination of local Jeep production, while Stellantis will recognize a non-cash impairment charge of approximately €297 million in first half 2022 results.” Continue reading
Posted in marketing, milestones, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, Beijing Jeep, china, GAC Group, Ken Zino
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Ford HEV Fire Recalls: Escape, Maverick, Lincoln Corsair
Owners are advised to park and shut off the engine as quickly as possible if they hear unexpected engine noises, notice a reduction in vehicle power, or see smoke. Owners will be notified by mail and instructed to take their vehicle to a Ford or Lincoln dealer to have the under-engine shield and active grille shutter modified. Continue reading
First Look – Toyota Crown Returns to the US
Available in three grades: XLE, Limited and Platinum, Toyota Crown will offer a choice of two different hybrid powertrains: HYBRID MAX or the fourth generation Toyota Hybrid System (THS). The HYBRID MAX powertrain, exclusive to the Platinum grade, is Toyota’s latest performance hybrid that puts out a manufacturer estimated 340 net horsepower. Continue reading
IIHS Wants Speed limiters on Trucks: ’bout time!
Why this is creeping at an idle rate in the bureaucracy is inexplicable because excessive speed was a factor in about one-third of all US crash deaths during 2020. FMCSA began discussing speed limiters more than a decade ago. Continue reading
Porsche Sales Drop -5% at 146K Through Q2 of 2022
“We and our dealers have successfully navigated a first half-year shaped by external factors and uncertainties,” said Detlev von Platen, Board Member for Sales and Marketing at Porsche AG. “In addition to the difficulties posed by the resurgence of the COVID pandemic in China and other markets, ongoing supply-chain- and logistics-related challenges have accompanied us. At the same time, the desirability of our brand and popularity of our products remains strong. We expect the second half-year to be dynamic.” Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, cayenne, Detlev von Platen, Ken Zino, Taycan
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Electric Vehicle Shoppers Unhappy with Makers’ Websites
The study also shows an increase in satisfaction when shoppers engage with manufacturer website tools, though BEV shoppers are still less satisfied than non-BEV shoppers. This “wave” (latest research) finds that overall satisfaction averages 711 on a 1,000-point scale for the premium segment and 705 for the mass market segment, down 13 and 6 points, respectively, from the previous wave. Continue reading
EV Battery Gold Rush: Ford Has New Battery Capacity Plan
Center for Automotive Research data show that Ford is only one maker in the crowd as automakers invest billions in north American EV and battery manufacturing facilities. For almost two decades, the CAR Automotive Communities Partnership (ACP) has tracked announced automotive manufacturing investments In North America. The ACP Book of Deals investment database shows the sector’s commitment to the transformation. According to data collected for the Book of Deals, in 2021, automakers announced $36 billion of investments to build facilities dedicated to manufacturing EVs and batteries. In the first five months of 2022, automakers announced $24 billion in EV-related investments, almost double the investments announced by the same time last year. Continue reading →