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Mazda FY 2021 Financial Results – Net Income -81%
Mazda’s global sales volume from April 2020 through March 2021 decreased 9.3% year-on-year because of decreased sales in Europe and other regions. China and the US posted ~7% gains. Continue reading
Equivalent Gas Tax or Fee on EVs to Offset Lost Revenue?
CBO said that if Congress were to levy an annual fee on EVs in an amount that is approximately proportionate with the amount paid in gasoline tax? Taking as a starting point an average driver of a light duty passenger vehicle with a gasoline engine, how much revenue could be raised during the next five years? Moreover what percent of the anticipated shortfall in the Highway Trust Fund would that be? Continue reading
Volkswagen, Argo AI to Start Autonomous Driving Tests
Current conventional automaker wisdom (wishdom?) has is that light commercial vehicles are the first, logical place for using autonomous transportation of people and goods. “Our aim with the self-driving version of the ID. BUZZ is to ease commercial deployment of transport and delivery services starting in 2025,” said divisional director Christian Senger during a digital press conference. VW Mobility service provider MOIA will first launch autonomous service in Hamburg, Germany. Continue reading
Ford DIY COVID-19 Air Filtration Kit?
The study found that box fan air cleaners like this can serve as an effective low-cost alternative for mitigating airborne transmission risks in poorly ventilated spaces. In addition to the peer-reviewed article, research conducted by Well Living Lab, founded as a collaboration between Delos and Mayo Clinic, found similar air purifiers were effective at improving air quality in poorly ventilated areas. Continue reading
AARP, Toyota to Provide Rides for Vaccine Appointments
AARP also actively promulgated Republican denials about the seriousness of the Covid pandemic, going to the absurd point of giving Deborah Birx, the White House Coronavirus Response Coordinator under President Donald Trump from 2020 to 2021, a forum. Dr. Birx sat idly by at a White House briefing as Trump promoted the use of bleach taken by humans to fight Covid. Continue reading
Posted in AutoInformed Editorial, news analysis, transportation
Tagged auto industry commentary, autoinformed, autoinformed.com, Dr Birx promoting human bleach use and censorship of Covid communications, House Speaker Nancy Pelosi, Ken Zino, Lysol, Republican backed hate crimes, Republican voter suppression, Sean Suggs, TMNA
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April Global Sales – North America Up, Elsewhere Unsettled
Helped by President Biden’s economic stimulus in the face of Republican obstructionism, and states re-opening, the record setting rate of US Light Vehicle sales continued in April. Sales of 1.54 million units were the highest-ever volume for that month. Continue reading
Toyota FY2021- Net Profit Surges 10% on $20.6B in Revenue
In particular, sales of electrified vehicles of 2,155,000 units or 112.3% of the previous fiscal year presents a serious challenge to would be competitors who are late to a game that increasingly is the only game in town or will be given the trend of current regulations. Continue reading
Mid-Engine Chevrolet Corvette to Pace 2021 Indy 500
The Arctic White Stingray will be the first convertible since 2008 to pace the race. Continue reading
Nissan ‘Contributes’ -€73 million to Q1 2021 Renault Earnings
Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2020/2021 (January 1st to March 31st, 2021), after IFRS restatements, will have a negative contribution to Renault’s first quarter 2021 net income estimated at – €73 million based on an average exchange rate of 127.7 yen/euro for the period under review. Continue reading
Ultium Cells and Li-Cycle to Expand Recycling in North America
GM’s so-called zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Mining, of course is an environmentally ruinous process with severe negative social effects. The dirty secret is that EVs really aren’t clean when manufacturing and energy generation are taken into account. Continue reading
Nissan Reports Weak Q4, Full Year 2020 Financial Results
Free cash flow for the automotive business was a negative 391.0 billion yen. Nissan claims it has sufficient liquidity to steer through a challenging business environment. At year-end, cash and cash equivalents for the automotive business totaled 1.9 trillion yen. Automotive net cash was 636.0 billion yen. In addition, the company continues to have access to approximately 2.2 trillion yen in unused committed credit facilities. (Nissan Establishes Carbon Neutral Goal for 2050) Continue reading
Off the Roof Rails – Ford Recalls 616,967 Explorer SUVs
This by AutoInformed’s count is the 22nd Ford Motor recall this year in the U.S. Ford said it is not aware of any reports of accident or injury related to this safety defect, perhaps the reason Ford took it’s time, according to the Chronology below. Continue reading
Posted in customer satisfaction, recalls, safety
Tagged auto industry commentary, autoinformed, autoinformed.com, Ford Explorer Recalls, Ken Zino, nhtsa
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Renault Sport Cars Becomes Alpine Cars
The challenges of that lofty goal were on full display yesterday during the Formula One race in Spain. The Alpine F1 Team’s Esteban Ocon scored two points at the Spanish Grand Prix after finishing in ninth place at the Circuit de Barcelona-Catalunya with home favorite Fernando Alonso outside the points in seventeenth or in his case Formula None. Mercedes-Benz and Honda dominated the race. The team remains fifth in the Constructors’ Championship. Continue reading
Honda Motor Posts FY 2021 Operating Profit of ¥660.2 Billion
Consolidated profit for the year attributable to owners of the parent company faced a year-on-year increase that amounted to 657.4 billion yen, due also to an increase in the share of profit of investments accounted for using the equity method. Continue reading →