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All-Electric Mustang Prototype Runs 8.27s Quarter-Mile
By Ford’s math it’s equivalent to the combined output of more than three 2021 Mustang GT V8 engines. Developed by Ford Performance in parallel to the recently unveiled Mustang Mach-E 1400 prototype, both cars were publicizing Ford’s growing EV technologies that are currently lagging leaders such as BMW and Tesla and Daimler. Continue reading
Our Sinking US Economy Sinks $3.3 Trillion Further
It is now almost completely likely that the US federal debt under the Trump Administration will exceed annual gross domestic product (GDP ) in 2021. The last time this happened was at the close of World War II, when amassed debt exceeded in value the size of the economy. Continue reading
St. Catharines Plant Cuts GHG Emissions, Energy Costs
It is the first complete renewable landfill gas industrial co-generation system in Ontario delivering renewable landfill gas from an offsite source. Continue reading
This Grim Picture is Not Worth a 1000 Corona Deaths
The United States accounts for 22% of the Global Corona Virus Deaths with a mere 4% of the world’s population. Fear the Trump Administration if you care for your own o ranyone else’s health and safety. Continue reading
Mercedes-Benz 2021 Model Year Sees SUV Expansion
The all-new GLA now joins the range “as the attractive and sporty gateway” (translation – small and less expensive) to the Mercedes-Benz SUV line. SUV segments have never been more competitive with M-B facing stiff competition from BMW, Porsche, Lexus, Infiniti, Alfa Romeo and Cadillac, among others. Continue reading
August Vehicle Sales to Drop as Prices Hit Record High
Reporting the same numbers without controlling for the number of selling days translates to a decrease of -16.8% from a year ago. While the decline vs. August 2019 is substantial and reflects the ongoing do nothing about COVID-19 attitude of the hapless Trump reign, August 2020 contains two fewer selling days than August 2019. It also has no help from promotions during the Labor Day weekend, which is after the August sales close. Continue reading
Electric Vehicles Set Record 18% EU Market Share in July
The global pandemic’s negative effect on the economy has not influenced consumer’s interest in electrified vehicles. July 2020 was a record-breaking month for EV registrations with volume up 131% year on year to 230,700. Though still small in relative terms, this is the first time that EVs were bought by more than 200,00 consumers in a single month. Continue reading
BorgWarner Cops SEC Plea for Materially Misstating Financial Statements Concerning Asbestos Litigation
According to the SEC’s order, BorgWarner did not conduct any substantive quantitative analysis to estimate these asbestos claims, despite possessing nearly 40 years of historical raw claims data. BorgWarner also admitted that its internal controls over financial reporting were ineffective. Continue reading
Posted in environment, financial results, litigation
Tagged asbestos litigation, auto industry commentary, autoinformed, autoinformed.com, BorgWarner, Ken Zino, sec
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CARB Fines Flagship, a Ford Specialty Vehicle Maker
Vehicles sold new in California must be certified to meet California emissions standards. Modifications to a vehicle’s emissions equipment prior to the sale alters the original certification. Continue reading
Commercial Truck Market Upturn Is on The Road
“Pricing is solidifying, customers are buying more used trucks and new truck orders and deliveries are heading back in the right direction,” said Chris Visser, commercial truck senior analyst at Valuation Services. Continue reading
Covid: Census Says Construction Better Off, More Optimistic Than Other Small Businesses
“These companies of one to 499 employees provided important new insights into the effects of the pandemic,” said Jane A. Callen of the Census Bureau. It doesn’t appear to have anything to do with the Trump Administration’s voter suppression efforts that us Federal Agencies such as Census to subvert our democracy. Continue reading
COVID-19 Auto Related Closings, Openings, Closings
Updated from 16 March 2020 onward Continue reading
Posted in economy, environment, manufacturing, people
Tagged auto industry commentary, autoinformed.com, COVID-19 Closings, Ken Zino
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Honda, GM Ink MoU on North American Alliance!
While this is consistent with an industry trend to share ruinous development costs on future CO2-free vehicles, the vast financial resources of both global automotive giants underscore the severity of the problem that automakers face. For some companies mergers will be the only way to survive if they survive at all. Continue reading →