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Tag Archives: autoinformed.com
Cadillac Project GTP Race Car Debuts This Summer
Last year, Cadillac said that it would compete in the IMSA WeatherTech SportsCar Championship and Automobile Club de l’Ouest or ACO Grand Touring Prototype category in 2023 with a fourth-generation Cadillac V-Series prototype. Notably, this will mark the brand’s return to the 24 Hours of Le Mans after 21 years. Continue reading
Biden Administration Cuts Republican Budget Deficit by 66%
Biden Administration Cuts Republican Budget Deficit by 66% Continue reading
NHTSA Issues Consumer Alert on Hyundai, Kia Fires
“Although the cause remains unknown, the manufacturers believe an electrical component in the anti-lock brake system may experience an internal electrical short circuit that could increase the risk of fire both while the vehicle is being driven or parked,” NHTSA said. Continue reading
Spirit of Ecstasy is Redesigned for Rolls-Royce Spectre EV
These changes help to shape the upcoming Spectre EV’s aerodynamic numbers. The earliest Spectre prototypes have a drag coefficient -Cd- of just 0.26, making it the most aerodynamic Rolls-Royce ever created. The figure is expected to improve during the Spectre’s testing protocols during 2022. Continue reading
Two Tesla Recalls – Self Driving Software, Seat Belt Warning
Tesla is recalling 2016-2022 Model S and Model X, 2017-2022 Model 3, and 2020-2022 Model Y vehicles because the “rolling stop” functionality available as part of the Full Self-Driving (Beta) software may allow the vehicle to travel through an all-way stop intersection without first coming to a stop. AutoInformed is unaware of any state where a rolling stop is legal? Continue reading
RAM – OE Firestone Truck Tires Recalled for Belt Separation
These tires were imported by Bridgestone Americas Tire Operations, LLC (BATO). BATO supplied the tires to Stellantis as original equipment for installation on 2021-2022 RAM 2500 and RAM 3500 vehicles. BATO also supplied these tires to retailers for sale in the replacement market. Affected tires were produced at a single plant from May 2, 2021 through May 8, 202. Affected tires can be differentiated from non-affected tires by the unique combination of brand, tire line, size, and DOT code. Continue reading
Ford Motor Posts Tepid Q4, FY 2021 Financial Results
However, vehicles sold and market share, cash flow (-$8.5B) for continuing operations declined during 2021. Ford lost money in Europe and, ahem, China, which is recovering faster than other economies from the Covid crisis. In North America, Bronco, Maverick, Mustang Mach-E contributed to a two-point U.S. share gain, to 15%. During Q4 Ford reinstated a regular dividend of 10 cents per share. Continue reading
Posted in economy, financial results
Tagged auto industry commentary, autoinformed.com, Ford Motor 2021 Results, Ken Zino
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Workers Vote For Independent Union at GM Silao in Mexico
In August of 2021, workers rejected the collective agreement signed by the old Miguel Trujillo López union, affiliated to the Confederation of Mexican Workers (CTM), accusing that union of siding with GM and putting the company’s interests before those of its workers. The rejection of the agreement meant holding elections to choose a new union. Continue reading
NADA – Light Trucks Dominating Market
According to J.D. Power, the average transaction price for a new light vehicle in January 2022 is expected to reach $44,905. High transaction prices continue to be supported by strong demand and very low OEM discounting. Average incentive spending per unit in January 2022 should total just $1,319, down by $2,163 from January 2021, J.D. Power says. Continued high demand for used vehicles has increased consumers’ equity in their trades. J.D. Power expects the average consumer trade-in equity to be up by 88% year over year for January 2022. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, nada, Patrick Manzi
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January 2022 US Sales Off 9%. Chips, Supply Chain Issues Bite
Even with an average $45,000 transaction price squeezing people, retail demand remained the driving force of the market because the wealthy fared very well during the Covid crisis. The Biden Administration’s economic recovery, in AutoInformed’s view, also played a huge roll with its surging job creation and forward thinking Build Back Better strategy universally opposed by the Republicans who are largely responsible for the covid disaster that destroyed the US economy. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, January 2022 US sales, Ken Zino, lmc automotive
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GM Posts Record $10.4B Earnings in 2021
Part of the record results came from execution by an all-star management team of a timely strategy, part from strong demand for what in AutoInformed’s view are the strongest product lines in GM’s history. However, vehicles it sold globally dropped to 6.3 million, -8% from 2020 and a drop of -18% from Covid-free 2019. Continue reading
First Wireless EV Charging Road Slated for Michigan
“As we aim to lead the future of mobility and electrification by boosting electric vehicle production and lowering consumer costs, a wireless in-road charging system is the next piece to the puzzle for sustainability,” said Governor Whitmer. Continue reading
Rolex 24 – Cold Beginning to Start a Sizzling Racing Season
GTD Pro – a new class this year – was the most entertaining racing in AutoInformed’s view. This was a take no prisoners bumping, sideswiping paint-swapping exhibition at high speeds. Mathieu Jaminet and the No. 9 Pfaff Motorsports Porsche 911 GT3 R emerged from a door-banging match with the nearly identical No. 2 KCMG Porsche driven by Laurens Vanthoor through Daytona International Speedway’s Le Mans Chicane on the very last lap of the Rolex 24 At Daytona. It was that way for the two factory Porsche drivers during the final two hours. Continue reading
Posted in milestones, news analysis, racing
Tagged auto industry commentary, autoinformed.com, Daytona, imsa, Ken Zino, Rolex 24 At Daytona
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Nissan Recalling 690,000 Rogue SUVs for Fires
In affected Rogues, if water and salt collect in the driver’s side foot well, it may wick up the dash side harness tape and enter the connector. If the connector becomes corroded, electrical current may continue to flow between the connector terminals, potentially causing the driver’s power seat or power window to become inoperative, AWD warning light illumination, battery discharge, and/or thermal damage to the connector. In the worst-case condition, a fire can occur. Continue reading
Posted in customer satisfaction, quality, recalls
Tagged auto industry commentary, autoinformed.com, Ken Zino, nhtsa, Nissan Rogue Safety Recalls
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Penske Automotive Posts Record Q4, Full-Year 2021 Results
“During the fourth quarter, our diversified business and strong execution by our team produced record revenue, earnings before taxes, net income, and earnings per share, driven by strong retail automotive and commercial truck vehicle margins, a 26% increase in same-store retail automotive gross profit, and continued strong earnings from Penske Transportation Solutions which increased 62%,” CEO Roger Penske said. Continue reading →