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Tag Archives: autoinformed.com
Boss-Napping at Renault’s Fonderie de Bretagne Ends
AutoInformed first became aware of the union action late yesterday when Renault issued an unusual statement on its website: “Renault Group strongly condemns these actions and calls for the lifting of the blockade and an immediate return to calm. Renault Group recalls that the search for a buyer is currently underway in order to maintain the site’s activities and ensure the continuity of jobs. This process must continue with dialogue and calm.” Continue reading
Penske Automotive Posts All Time Record Q1 Results
Penske – as a diversified international transportation services company – is a good leading indicator of the overall health of the transportation sectors with the caveat that it is heavily biased toward luxury brands. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed.com, Ken Zino, Q1 2021 Results, roger penske
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Ford Ion Park – New Global Battery R&D Site in Michigan
It is supposed to accelerate research and development of battery and battery cell technology, including future battery manufacturing – areas where Ford is lagging behind other automakers, notably General Motors in the US and global makers such as Nissan, Toyota and Honda. Continue reading
2021 Mustang Mach-E GT and GT Performance Edition On Sale
Mustang Mach-E GT has electric all-wheel-drive and permanent magnetic dual motors, including an upgraded secondary electric motor that powers the front wheels for a combined power output of 480 peak horsepower and 600 lb.-ft. of torque. It aims for a 0-60 mph time of 3.8 seconds while targeting an EPA-estimated 250 miles of range. Continue reading
Gaming Technology for Autonomous Vehicles at Porsche?
This – in theory – shortens development times, saves costs and makes mobility safer, according to Porsche. Furthermore, in the nascent Porsche Car Configurator, Game Engines are intended to help the customer in the configuration of her vehicle in retail. In the future, customers in Porsche Centers will see an “almost photo-realistic, three-dimensional simulation of their configured vehicle” via a gaming PC with connected VR glasses. Continue reading
Salty Diversions – Maserati Multi 70 and Giovanni Soldini Break Channel UK-to-France Sail Boat Racing Record
The Italian Team’s time is 18 minutes better than the 2015 record set by Lloyd Thornburg and Brian Thompson aboard Phaedo. The elapsed times have been collected by the two competing teams; they will have to be ratified by the World Sailing Speed Racing Council. Aboard the trimaran, Soldini sailed with a six-man crew: Ambrogio Beccaria, Vittorio Bissaro, Guido Broggi, François Robert, Carlos Hernandez Robayna and Matteo Soldini. Continue reading
Posted in racing
Tagged auto industry commentary, autoinformed, autoinformed.com, Giovanni Soldini, Ken Zino, Maserati Multi 70
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Daimler Raises Financial Targets After Strong Q1 Results
The good operating performance in the first-quarter translated into an EBIT surge to €5,748 million (Q1 2020: €617 million). Adjusted EBIT, reflecting the underlying business, also multiplied to €4,970 million (Q1 2020: €719 million). China, the world’s largest vehicle market, was a key component in the comeback after it successfully fought off the Covid pandemic that Europe and the Americas are still struggling with. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, Covid pandemic, daimler, Ken Zino
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Reigning Champ Toyota Gazoo Racing Hypercar Set for 2021
Reigning World Champion and three-time Le Mans winner Toyota Gazoo Racing today became the first manufacturer on the Hypercar grid in 2021, alongside Scuderia Cameron Glickenhaus, with Audi, Ferrari, Peugeot and Porsche among those joining the battle in the coming years. Continue reading
Honda to Abandon IC Engines – Global Electrification by 2040
As part of sweeping initiatives that will also drastically alter Honda’s motorcycle and small engine businesses that make Honda the world’s largest power unit manufacturer, Honda will also try to achieve carbon neutrality for all products and corporate activities Honda is involved in by 2050. Continue reading
NHTSA Taking Steps to Allow States to Set Greenhouse Gas Emissions Standards and Zero-Emissions Vehicle Mandates
The proposed action would establish a clean slate, enabling the Department to further the Administration’s fuel economy, equity, and climate change priorities — which include reversing unnecessary and potentially unlawful efforts to prevent state action. It is a repudiation of the anti-environmental polices of the disgraced previous Administration that was voted out last November. Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed, autoinformed.com, dot, Ken Zino, nhtsa, Pete Buttigieg
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Groupe Renault Posts Flat Results for Q1 2021
Well, during Q1 2021, Group revenues were €10,015 million (-1.1%). At constant exchange rates1, Group revenues would have increased by 4.4%. Automotive excluding AVTOVAZ revenues amounted to €8,566 million, down -0.3%. In addition to the change in inventories, which explains most of the negative impact of the volume (-6.5 points), revenues were adversely affected by a negative currency effect of -4.3 points. Continue reading
Volkswagen de México Exporting Taos SUVs to US
Since its foundation, Volkswagen de Mexico has produced more than 13 million of vehicles. Currently, the Puebla Plant produces the Jetta, Tiguan LWB and Taos models; the Silao Plant produces the engines EA888 and EA211, which are integrated in the production of vehicles for the Volkswagen Brand and Audi, in North America. Continue reading
Posted in manufacturing, new vehicle
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, volkswagen group
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Shown ‘n Go – Ford Performance Carbon Fiber Parts
The weight of the carbon fiber hood vent and rain tray kit is trimmed to four pounds – half the weight of the stock parts. The front splitter with belly pan drops from seven pounds to four, the front bumper insert weighs just one pound, and the deck-lid trim panel weighs two pounds. Combined, the pieces weigh nine pounds less than the stock components. Continue reading
April US Auto Sales About to be Highest Ever. Blip or Trend?
Total new-vehicle sales for April 2021, including retail and non-retail transactions, are forecast to reach 1,479,800 units, a 107.1% increase from April 2020 and a 7.8% increase from April 2019 when adjusted for selling days. Reporting the same numbers without controlling for the number of selling days translates to a 107.1% increase from April 2020 and a 12.1% increase from April 2019. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 18.1 million units, up 9.4 million units from 2020 and up 1.7 million units from 2019. Continue reading →