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Tag Archives: autoinformed.com
Mercedes-Benz to Increase Focus as a Luxury Car Company
Mercedes-Benz will change its product portfolio, allocating more than 75% of its investments to develop products for the most profitable market segments. As part of this strategy designed to please the capital markets, Mercedes-Benz aims to increase sales share of its Top-End vehicles by around 60% by 2026 compared to 2019. Like many auto companies it intends to achieve “higher quality growth and a further significant increase in profitability and resilience, striving for an operating margin target of approximately 14% by mid of the decade in favorable market conditions.” Continue reading
Lamborghini Joining IMSA GTP LMDh in 2024
Since 2016, Lamborghini has posted 15 victories in the WeatherTech Championship GTD class, including consecutive wins at the Rolex 24 in 2018, ‘19 and ’20. Continue reading
Record Auction Price – €135m for Mercedes-Benz 300 SLR
A Mercedes-Benz 300 SLR Uhlenhaut Coupe from 1955 has been sold at auction for a record price of €135 million to a private collector, Mercedes-Benz said today. It was one of just two prototypes built at the time. Named after … Continue reading
EU Passenger Car Sales Drop 21% in April
With the exception of the pandemic year in 2020, this was the weakest April result in terms of volumes sold since records began. Put another way, Russian roulette is a bad game. All major markets contributed to the region’s negative performance: Italy (-33.0%), France (-22.6%), Germany (-21.5%) and Spain (-12.1%), according to ACEA Continue reading
Europe’s Diesel Car Problem – 20% of the Market!
The latest diesel sales information comes at a time when 27 automakers are lobbying the EU to ban the sale of all, yes all internal combustion vehicles by 2035 and replace them with zero emissions vehicles – aka electric – if the Global Warming goals of net zero emissions are to be met by 2050 to avoid the worst impacts of planet- and people-killing climate change. Continue reading
ASEAN Light Vehicle Sales Still Soaring in March
ASEAN LV sales continued to increase in March (+17% YoY and +32% MoM), improving Q1 2021 sales by 23% YoY, according to the LMC Automotive consultancy. LMC attributed this to falling COVID-19 cases leading to normalizing economic activity and mobility in the region. “As a result, overall ASEAN LV sales are now increased to 3.10 mn units, or a 13% YoY increase, this year,” said LMC. Continue reading
Posted in sales
Tagged ASEAN Light Vehicle, auto industry commentary, autoinformed.com, Ken Zino, lmc automotive
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CARB to Open New SoCal Headquarters to Public
“This world-class facility houses the newest advanced vehicle emissions testing laboratory in the world. The new headquarters and laboratory will enable CARB to continue its globally recognized research and achievements in reducing air pollution and fighting climate change over the coming decades. Continue reading
Honda Title Sponsor of the 2022 F1 Japanese Grand Prix
In this year’s Japanese Grand Prix, 10 teams – including Oracle Red Bull Racing and Scuderia AlphaTauri, which Honda supports as a team partner – will compete with 20 drivers who will demonstrate their driving skills and judgment or lack thereof in a racing series that changed its rules this year to allow a novel concept in Formula One – passing. Continue reading
Posted in racing
Tagged auto industry commentary, autoinformed.com, F1 Formula One, fia, Ken Zino, Koji Watanabe
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Restricted Sale of Genesis GV60 EV Starts Today at $60,000
The GV60 will be offered in two packages in the United States. Initially, the 2023 Genesis GV60 will only be sold at some Genesis retailers in California, Connecticut, New Jersey, and New York. It is as much a biometric information sales experiment as it is a vehicle. Customer response will be worth watching. No range numbers were in the release? Continue reading
A Closer Look at Biden’s 49 MPG CAFE Standard
The new Corporate Average Fuel Economy standards proposed by the Biden Administration# last month require an industry-wide fleet average of ~49 mpg for passenger cars and light trucks in model year 2026, the strongest fuel efficiency standards to date. On … Continue reading
Posted in customer satisfaction, electric vehicles, fuel economy or emissions, global warming, news analysis
Tagged auto industry commentary, autoinformed.com, cafe, center for automotive research, Ken Zino, nhtsa, President Biden’s Executive Order 13990, Putin’s war on Ukraine and democracies
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Mercedes-Benz USA – Stop Driving ML, GL, R-Class Vehicles
Mercedes-Benz AG has found that moisture may wick under a rubber sleeve installed around the brake booster housing. Following extended time in the field with significant water exposure, this safety defect could result in corrosion in the joint area of the brake booster housing, thus contributing to a vacuum leak at the brake booster. The brake force support might be reduced, leading to an increase in the brake pedal forces required to decelerate the vehicle and/or to a potentially increased stopping distance.In some cases it could be impossible to stop the vehicle with the brake pedal. Continue reading
CBO – Taxpayer Cost is $31B for Troubled Asset Relief Program
To AutoInformed’s knowledge not one person at the firms responsible has been successfully prosecuted for what was rampant financial fraud that caused the housing and stock markets to collapse as the ratings agencies paid by the swindlers continued to claim the complex financial instruments issued were investment grade when they were indeed junk. Junk bonds – never has a financial instrument so honestly been named. Continue reading
Nissan Posts First Annual Profit in Three Years.
“It is clear that our industry and therefore our performance was impacted by intensifying headwinds in the last fiscal year,” said chief operating officer Ashwani Gupta, warning that conditions remain uncertain to an unprecedented degree. Continue reading
Posted in financial results
Tagged Ashwani Gupta, auto industry commentary, autoinformed.com, Ken Zino, Nissan Motor
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Ford India Shelves EV Manufacturing Export Plans
In an official response as Ford’s Annual Meeting was underway in the US, Ford India’s spokesperson confirmed and said, “After careful review, we have decided to no longer pursue EV manufacturing for exports from any Indian plant.” At the Annual Meeting Bill Ford and Jim Farley fielded tough questions about its EV strategy, splitting the company into two arms and ongoing supply chain and perennial guilty problems. Ford shares are down ~40% this year. (AutoInformed: Ford Motor Blues – Q1 Loss of $3.1 Billion; Ford Motor Structure Threatens Viability. Vast Reorg Coming) Continue reading
BMW iX Flow Connected Directly to the Brain?
“We have already introduced further improvements for the technology since CES,” said Stella Clarke, project lead of the BMW iX Flow. “Previously, the changes between color patterns only took place in a gradual transition. Now, the control electronics have been tweaked to enable instantaneous transformations, resulting in an even more stunning visual effect.” Sounds like a stoner on speed to AutoInformed. Keep truckin’. Continue reading →