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September US Auto Sales at 2021 Low Point
Automakers sold just under 1 million during September, down by -25% YoY. The annualized rate fell to 12 million units, the same level registered in May 2020 and 1 million units under the August Seasonally Adjusted Annualized Rate, aka SAAR. During Q3 light vehicle sales totaled 3.36 million units, down by -14% YoY and the lowest Q3 since 2011 as volumes plunged -22% from the pre-pandemic level in Q3 2019. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive, Q3 US light vehicle sales
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GM Recalls 15,000 SUVs for Sudden Stalling
Dealers will replace the fuel pump power control module, free of charge as required by US law. Analysis of field data and returned warranty-replaced parts indicates that the condition was caused by a supplier manufacturing issue by Vitesco Technologies in Seguin Texas. Continue reading
EV Battery Gold-Rush – GM and Wolfspeed Cut Deal
In a move that is designed to ensure supply and assuage the doubts of the capital markets about the semi-conductor shortage disaster, as part of the agreement, GM will participate in the so-called (and unproven) Wolfspeed Assurance of Supply Program (WS AoSP), which “is intended to secure domestic, sustainable and scalable materials for EV production.” Continue reading
Rolls-Royce ‘Boat Tail’ Makes Global Debut
Boat Tail marks a retrograde moment in the archives of Rolls-Royce, “demonstrating the brand’s commitment to coachbuilding as a central part of its future direction and portfolio. It continues and accelerates a contemporary coachbuilding movement that began with Sweptail, the first Coachbuild Rolls-Royce of the modern era, which also made its first public appearance at Villa d’Este back in 2017.” Continue reading
GM Q3 US Sales Drop -33% as Semiconductor Shortage Bites
During the quarter, GM provided an update for investors that its wholesale volumes in North America in the second half of 2021 would be down about 200,000 units from the first half, largely because of supply chain disruptions in Malaysia caused by COVID-19, with most of the impact occurring during the third quarter. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed.com, GM Q3 2021US Sales, Ken Zino, semiconductor shortage
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Mazda, Toyota Building 2022 Corolla Cross in Alabama
Alabama, aside from its history of racism and white supremacy, is a right to work*” (for less?) state, which means workers don’t have to be unionized.** Want to bet the Mazda will be a crossover, with maybe a sub-line for a hybrid and or EV? Toyota is vehemently lobbying against the Biden Administration’s ambitious Build Back Better plan that has a provision for made in American by union workers to be eligible for substantial taxpayer-subsidized EV subsidies. This is part of a forward-thinking strategic plan to create middle-class jobs and benefits from the Administration that was put in place by a majority of voters to rid our democracy of the treasonous former Administration still being led from Trump Castle in Mar-a-Lago (Mar-a-Lardo?) that promoted the January 6 insurrection attempt to take over the US Capital and overturn the Presidential election, aka Big Lie that is the ongoing core (rotten) of the Republican party.
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Shareholders Vote to Spin-off of Daimler Truck, Rename Daimler AG to Mercedes-Benz Group
About 3000 viewers followed the virtual Extraordinary General Meeting on the Internet. A bare majority of 56.45% of the share capital was represented. Continue reading
Nissan R&D Has New Safety Advancement Lab in North America
The 116,000-sq.-ft. facility – like standard automotive industry practices – is equipped high-speed photography systems, data acquisition equipment and a precise vehicle tow system. The site also includes a test dummy calibration lab, space for preparing vehicles and a pedestrian safety lab. Continue reading
Climate Change Car Wars – GM to Reach 100% Renewable Energy in 2025
It’s the latest p.r. shot in the car marketing wars by automakers that no longer can deny the real life and planet threatening damages incurred by fossil fuel use. Continue reading
Posted in auto news, electric vehicles, environment, global warming, manufacturing, milestones, news analysis, public health
Tagged auto industry commentary, autoinformed.com, EPA Energy Star, global warming, GM renewable energy at its plants, Ken Zino, Kristen Siemen, renewable energy
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Connected Cars – GM Debuts Ultifi for Saleable APPs, Services
This latest move is part of an ongoing transition in the auto industry toward more cloud-based services, faster software development and new opportunities to increase revenue and, maybe, customer loyalty. Ultifi is enabled by hardware built into select next-generation products starting in 2023, encompassing internal combustion and electric vehicles. Continue reading
Sunshine as Disinfectant or Glare? – SEC Proposes Enhanced Proxy Voting Disclosure
While the intent is to slow down the insider trading practices in the capital markets, it is by no means certain it will do so. Without doubt it will increase the complexity and length of disclosure documents thereby leading to more confusion among the people it is trying to help. Continue reading
Rolls-Royce Announces First Full Electric Car
“The use of electric motors is not a new concept for Rolls-Royce. Sir Henry Royce was fascinated by all things electrified, and his first venture, named F. H. Royce and Company, created dynamos, electric crane motors and patented the bayonet-style light bulb fitting,” said Chief Executive Officer, Torsten Müller-Ötvös. Continue reading
US September Auto Sales Projected Down -25%
“The mismatch between strong consumer demand and constrained inventory is leading to higher vehicle prices. In September 2021, average transaction prices are expected reach an all-time high of $42,802, the fourth consecutive month over $40,000,” said Thomas King, president of the data and analytics division at J.D. Power. This begs the question, AutoInformed opines, are automakers about to face another revenue threatening affordability crisis? Continue reading
EVs – Ford to Spend $11.4B Creating a Tennessee Campus, Twin Battery Plants in Kentucky
Both states are “right to work” (for less?) states, which means workers don’t have to be unionized. Tennessee sent $500 million in incentives from its taxpayers. Kentucky donated $300 million and what appears to be about 1,500 acres of free land. Thus Ford is the latest automaker attempting to lay off some or more of the huge capital costs needed to build EVs as global warming make their increasing use inevitable. SK Innovation will split off its battery business on October 1 as a wholly owned subsidiary.Thus Ford is the latest automaker attempting to lay off some or more of the huge capital costs needed to build EVs as global warming make their increasing use inevitable. SK Innovation will split off its battery business on October 1 as a wholly owned subsidiary. Continue reading
GM to Invest in New Battery Building to Lower EV Costs
The latest GM announcement comes just one day after it said it reached a deal with Wolfspeed (to develop and provide silicon carbide power devices for GM’s future electric vehicle programs. Wolfspeed’s silicon carbide devices will allow GM to “install more efficient EV propulsion systems that will extend the range” of its growing EV portfolio. The silicon carbide involved will be used in the integrated power electronics contained within GM’s Ultium Drive units in its next-generation EVs. Continue reading →