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Tag Archives: autoinformed.com
FAA, Finally Five Years After Deadly Accident, Wants a Medical Certificate for Commercial Hot-Air Balloon Pilots
“Balloon pilots are responsible for the safety of their passengers,” said FAA Administrator Steve Dickson. “This proposed rule would ensure that balloon pilots meet the same medical requirements as pilots of other commercial aircraft.” The rule in AutoInformed’s view is more than five years too late because of regulatory capture by the industry, a common problem at the FAA as recently exhibited with the Boeing 737 Max fiasco. Continue reading
Floorplan – Stellantis Buys First Investors Financial Services
This is either an opportunity or survival necessity, depending on your viewpoint. It will allow Stellantis to provide customers and dealers a range of financing options, including retail loans, leases, and floorplan financing in the near term. A so-called “captive U.S. finance company” will provide revenue, marketing incentives and mobility services in the digital age for customers who purchase Jeep, Ram, Dodge, Chrysler, Fiat and Alfa Romeo vehicles. Continue reading
Toyota Wins WEC 6 Hours of Bahrain
Sébastien Buemi, Kazuki Nakajima and Brendon Hartley in the #8 car home took second place. The Alpine Elf Matmut Endurance Team scored its fifth consecutive podium finish in the FIA World Endurance Championship in Bahrain. The attention now moves to the drivers’ title fight in next weekend’s final 8-hour race in Bahrain race. The Le Mans-winning #7 crew moved a step closer to retaining the World Championship they won in Bahrain 12 months ago. Their third win of the season extends their advantage over the #8 drivers to 15 points. Continue reading
Toyota Georgetown Kentucky Plant Set for $461M Upgrade. Lexus Manufacturing Leaving US
According to the Japanese global automotive giant, an investment of $461 million will add advanced manufacturing equipment and technologies, coupled with facility layout improvements, which will increase the plant’s operational speed, flexibility and competitiveness. These improvements will expand TMMK’s ability to produce new products, including future electrification. Continue reading
Stellantis Posts Q3 Net Revenues of €32.6 Billion -14%
Stellantis late yesterday reported Q3 net revenues of €32.6 billion, a decrease of -14% year-over-year. Even with improved vehicle mix and positive net pricing helping revenues, this was more than offset by lower volumes. Results were based on shipments of … Continue reading
Three Military Airports Eligible for Funds for Civilian Operations
The Military Airport Program (MAP) provides funding as a set aside of the Airport Improvement Program (AIP) to help increase civilian aviation capacity at current or former military airports by funding projects such as surface parking lots, fuel farms, hangars, utility systems, access roads, cargo buildings, and other airfield-related infrastructure. Continue reading
Ford, Newlab Announce Five Cleaner Transportation Startups
“Together, Ford and Newlab are building upon our nation’s goal of reducing carbon emissions and the effects of climate change by advancing commercial fleet electrification,” said Matt Stover, director of charging and energy services, Ford Motor Company. Continue reading
Ford Motor Earns $3.0 Billion in Q3
Third-quarter revenue of $35.7 billion was down from the same quarter a year ago. Semiconductor availability remains a challenge, but “markedly improved from the second quarter, propelling sequential increases in wholesale shipments and revenue of 32% and 33%, respectively.” Continue reading
General Motors Q3 Earnings – $2.9 Billion
General Motors Co. (NYSE: GM) today reported third-quarter earnings of $2.922 Billion. GM said it is on track to deliver full-year 2021 EBIT-adjusted earnings approaching the high end of its guidance range of $11.5B to $13 Billion. EBIT-adjusted was $2.9 … Continue reading
Posted in economy, financial results, manufacturing
Tagged auto industry commentary, autoinformed.com, gm financial, gm q3, Ken Zino, LG Electronics
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GM to Expand EV Charging – 40,000 Stations, New Smart Chargers
Through the GM Dealer Community Charging Program, its dealers to set up Level 2 charging stations (EVSE) at key locations in the dealer’s respective communities, including workplaces, multi-unit dwellings, sports and entertainment venues, college, and universities. These charging stations will be available to all EV customers, not just those who purchase a GM EV. Today, nearly 90% of the U.S. population lives within 10 miles of a GM dealership. The first Ultium Chargers will ship early next year with customers able to roll the price into their GM Financial lease or financial contracts.
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GMC Shows Sierra Denali Ultimate and AT4X – $$$$$
Just bring money. Base pricing for each trim will be available at reservation. MSRP15, including destination charge, for Denali Ultimate is $80,395, AT4X is $74,995, Denali is $61,295, AT4 is $60,995, SLT is $50,895, Elevation is $45,495, SLE $43,895 and Sierra Pro is $32,495. Full pricing will be announced closer to the start of production. Continue reading
NTSB – Fatal Texas Tesla Crash Shows Seats Were Occupied
Contrary to some sensationalist media reports, the Tesla was occupied by a driver and one passenger, both of whom died in the crash. Damage to steering wheel pictured was due to an impact as the Tesla reached a speed of 67 mph during the 5 seconds leading up to impact. Continue reading
Stellantis, Samsung SDI JV for NA Battery Manufacturing
The latest Joint Venture for Lithium-Ion Battery Production in North America comes just days after Stellantis announced that it had entered with LG Energy Solution a memorandum of understanding to form a joint venture to produce battery cells and modules for North America. Thus the battery gold rush among major automakers continues with vast unknowns on how EVs will pan out among consumers. Continue reading
Illustrious Road Trip – Maserati, Pacific Coast Highway and Four Seasons Hotels?
Four Seasons Hotels and Maserati have produced a trip package that reflects the shifting winds in the luxury goods market. It starts at the Beverly Wilshire, A Four Seasons Hotel where the first 24-hour complimentary use of the Maserati Levante SUV begins. The Maserati Levante SUV, of course, is all-wheel drive and powered by a twin-turbo V6 or V8 engine. Continue reading →