Tag Archives: autoinformed.com

CARB Fines Honda Motor for Small Engine Emissions

Small off-road engines are a major source of pollution in California. In California during 2021, these small engines surpassed light-duty passenger cars as a source of smog-forming emissions. This includes the emissions of raw fuel that continue to evaporate from these engines, lawn mowers and other equipment even when they are powered off. CARB will consider a regulation on 9 December 2021 to transition small off-road engines to zero-emission technologies, aka electric. This will help California “meet its required federal clean air standards, clean the air and significantly reduce harmful emissions for those who work all day with these small off-road engines.” Continue reading

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Toyota Selects North Carolina for New Battery Plant

The $1.29 billion investment made by Toyota and Toyota Tsusho is partially funded from a total investment of approximately $3.4 billion previously announced in October. The plant is expected to create 1,750 new American jobs. Continue reading

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Hagerty Debuts as a Publicly Traded NYSE Company

The transaction values Hagerty* at a pro forma enterprise of, gulp, ~$3.1 billion. Net proceeds of ~$265 million it’s claimed will be used to advance Hagerty’s growth. Hagerty is self-described as an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market. The firm has been close to the automotive Concourse scene with financial support, particularly in the US. It also sponsors classic car ride-and-drives associated with classic auto shows or events. Continue reading

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First 2022 Toyota Tundra Built in Texas

In 2019, TMMTX announced an investment of $391 million to prepare for production of the 2022 Tundra, pushing its cumulative investment to more than $3.1 billion. The investment helped TMMTX prepare for production of the next generation Tundra by expanding its facility by 141,000 linear feet – equivalent to 470 football fields – for un-named new processes and technologies to bring the redesigned truck to customers. This included preparations to assemble a hybrid electric version Tundra – the brand’s 12th electrified vehicle. TMMTX is relatively small with the annual capacity to only build 208,000 vehicles. Continue reading

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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