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Tag Archives: autoinformed.com
Immunomedics CFO Charged with Insider Trading
Herewith the, err, lowlights from the SEC legal action: while serving as CFO of Immunomedics, Usama Malik learned that the FDA had permitted the company to halt a clinical trial for a breast cancer drug because the existing trial data provided compelling evidence that the drug was effective. Malik – who was subject to a trading “black-out” that prohibited him and anyone living in his household from purchasing Immunomedics stock – immediately told Lauren S. Wood, with whom he lived at the time, as well as three family members. Wood and two of the family members then bought Immunomedics stock, as did an account in the name of the third family member’s spouse. Continue reading
Ford Motor US Sales Up in November
As usual Ford Motor should consider changing its name to Ford Truck. Ford brand SUVs achieved record November retail sales on the success of new products. Sales increased 25.6% y-o-y to a total of 66,390 vehicles. The Bronco family had its highest combined sales since launch – totaling 19,773 SUVs, which to put it in perspective is less than the output of one assembly plant on an annual basis. Sales of Lincoln’s new Nautilus increased 24.9% y-o-y. Year-to-date, sales of the new Nautilus are up 14.6%. While inventory is scant, Lincoln took in a record number of new retail vehicle orders last month, totaling 2,600. Mustang Mach-E sales increased 8.4% from October on sales of 3,088 SUVs, though as a latecomer it still trails Tesla’s Model Y by a wide margin. Continue reading
EV Gold Rush – GM, Posco to Build New Plant
“We are building a sustainable and resilient North America-focused supply chain for EVs covering the entire ecosystem from raw materials to battery cell manufacturing and recycling,” said Doug Parks, GM executive vice president, Global Product Development, Purchasing and Supply Chain. Analysts will not that Korean owned Posco’s operating income and net income have declined in 2019 and 2020. The GM deal – if it works – will be beneficial to the company, which also has close business ties with China. Continue reading
Solid State Batteries: Factorial Energy Parade Adds Stellantis
The agreement also includes a strategic investment from Stellantis. Mercedes-Benz also has invested in Factorial in what were in effect concurrent announcements. Stellantis announced in July 2021 its target of having the first competitive solid state battery technology introduced by 2026. Solid-state batteries exist as automotive vaporware currently so all the usual caveats about Forward Looking Statements apply. Continue reading
Solid State Batteries Lure Mercedes-Benz to Factorial Energy
Solid-state batteries exist as vaporware currently. They are enticing because of the difference in the use of an electrolyte that is made of solid material instead of the commonly used liquid electrolyte. The electrolyte, of course, is needed to transport ions back and forth between the electrodes when charging and discharging the battery. Solid electrolytes promise optimization of battery safety, as well as the use of new types of anodes, such as lithium-metal anodes. These can provide an almost doubled energy density compared to today’s Li-ion battery cells. As a result, they promise an increase in range, while at the same time ensuring shorter charging times. Continue reading
Volkswagen Recalls Atlas SUVs for Sudden Air Bag Explosions
Incorrectly manufactured parts at a sub-supplier, Air International Thermal of Auburn Michigan, for the air conditioning system is the cause of the safety defect. The so-called remedy component is the same part number as the recalled part which has been correctly manufactured. In an apparent attempt to limit the cost of the recall, the recalled part will be repaired if affected, not replaced. The recalled part is the Air Conditioner Evaporator Housing, part number 3QF.820.007. Continue reading
Posted in quality, recalls, safety
Tagged auto industry commentary, autoinformed.com, Ken Zino, nhtsa, VW Atlas Recalls
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Stellantis Has Lithium Supply Deal with Vulcan Energy
Stellantis also claims – focused firmly on the capital markets required for enormous funding – that it will be 30% more efficient than the industry with respect to total Capex and R&D spend versus revenues. At the moment there is no factory nor a proven process at Vulcan at the scale needed for mass production. Vulcan too need access to the capital markets to survive. Continue reading
Don’t Aim Holiday Laser-Light Displays at the Sky
“If we become aware that your laser-light display affects pilots, we’ll ask you to adjust them or turn them off. If your laser-light display continues to affect pilots, despite our warnings, you could face a civil penalty,” said the FAA. The FAA works with federal, state, and local law enforcement agencies to pursue civil and criminal penalties against individuals who purposely aim a laser at an aircraft. It can impose civil penalties of up to $11,000 per violation. Civil penalties of up to $30,800 have been imposed by the FAA against individuals for multiple laser incidents. Continue reading
Posted in aviation, litigation, safety, transportation
Tagged autoinformed.com, Aviation Laser Strikes, aviation safety, faa, Ken Zino, Laser-Light Displays
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Renault and TheArsenale Unveil AIR4. What?
The original Renault 4 was a simple, efficient and versatile vehicle built between 1961 and 1992. A “blue jeans” car, as the former head of Renault Group, Pierre Dreyfus, used to describe it. It transported families, businesses and the likes of the gendarmerie and La Poste, as well as helping several generations of young motorists just getting behind the wheel. Now there’s a 4L designed to drive along above our heads. AIR4 claims the air as the new road of the future, according to Renault. Continue reading
Daimler Truck Moves Past MB Commercial Vehicles to Wörth
With Daimler splitting into two independent companies* on 1 December 2021, Daimler Truck has transferred the first batch of historic Mercedes-Benz commercial vehicles and parts of its truck and bus archive to a location in Wörth. Daimler Truck’s collection contains around 130 vehicles. About 30 were previously located in Stuttgart and the surrounding area. Continue reading
Thanksgiving 2021 – We Celebrate Our 401st Annual Feast
This war was won – against all odds by common militias and irregulars. They compelled a superpower British Army to surrender in the field for the first time since the tyrant Napoleon – because the Crown and its privileged generals were fighting an idea first put forth in our Declaration of Independence, then codified in our Constitution that “We the People” would govern ourselves. This WE idea was bigger than a richly privileged class who hired others to fight for them. Now, once again, the courtiers of privilege and wealth – if not mega-wealth itself – is presiding over our fate using hatred and drummed up grievances that omit WE in favor of traitorous behavior aimed at burning Our Constitution at the hands of proud boys of insurrection. Continue reading
US November Light Vehicle Sales Forecast Down Again
“Retail inventory on dealer lots is expected to end below one million vehicles for a fourth consecutive month, with sales in each month being dictated by the number of vehicles delivered to dealerships rather than reflecting actual demand,” said Thomas King, president of the data and analytics division at J.D. Power Continue reading
Posted in economy, news analysis, prices, sales
Tagged auto industry commentary, autoinformed.com, J.D. Power and LMC Automotive, Ken Zino
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Daimler Buses Sells Minibus Plant to AEQUITA
AEQUITA takes over the minibus company with around 240 employees, thereby safeguarding the Dortmund site for the near future. The companies signed a purchase agreement on November 22, 2021. The transaction will be completed on January 01, 2022. The production of Mercedes-Benz brand minibuses at the Dortmund plant will continue. “There will be a continued close partnership between Daimler Buses and AEQUITA in the areas of sales and aftersales,” Daimler claimed. Continue reading
Cadillac LYRIQ In Pre-Production Tuning
For evaluation of LYRIQ’s performance on different road surfaces and in varying traffic conditions, Cadillac developed routes that included freeway, urban, and rural driving scenarios. Under these conditions, engineers assessed drive quality, systems calibrations, and other elements that directly affect the in-car encounter of a customer kind.
For evaluation of LYRIQ’s performance on different road surfaces and in varying traffic conditions, Cadillac developed routes that included freeway, urban, and rural driving scenarios. Under these conditions, engineers assessed drive quality, systems calibrations, and other elements that directly affect the in-car encounter of a customer kind.
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Mercedes-Benz to invest €60B to be Electric Only
The Supervisory Board agreed to an investment plan for the years 2022 to 2026 of more than €60 billion. Mercedes-Benz claims it will reduce capex, research and development expenses for the electrification of the product portfolio and digitalization processes, including steps towards automated driving, albeit at an admittedly high level. Needed to do this is an increase net revenues per vehicle. In addition, a gradual shift toward a direct sales model, which includes control over pricing, is being sought. Rising revenue from digital services will further support results. Continue reading →