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Tag Archives: autoinformed.com
Cadillac LYRIC – Taking Back the Luxury EV Lead?
“You can tune the car to the personality of the customer. The Lyric will continually get better throughout the ownership experience… the vehicle you drive today may not be what you want to drive tomorrow which we can change with over the air technology. If I had one word to describe it, I would say personal,” Reuss concluded. Continue reading
Nissan to Keep Production and Employment in Spain
The agreement is the result of gritty union actions. After starting indefinite strike on 4 May, unions mobilized a nationwide protest movement against the factory closures. A convoy of Nissan workers traveled across the country to build support for the struggle, and demonstrations were held at Nissan dealerships. Continue reading
BMW Posts $786 Million Loss in Q2. Sales Off -25%
“At this point, we are cautiously optimistic about the second half of the year. The new BMW 2 Series Gran Coupé, 4 Series Coupé, the 5 Series, the 6 Series Gran Turismo and the iX3, along with plug-in hybrids like the X2, 3 Series Touring, and 5 Series will all create fresh momentum,” claimed Oliver Zipse, Chairman of the Board of Management of BMW AG. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, BMW Group AG, Ken Zino
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Carvana Q2 Results – Sales, Revenue Up by Double Digits
“It is still hard to say exactly how powerful the effects of all of this will be in the long run, but based on the data we see, we believe the long-term opportunity of the business is even larger than we previously thought… Continue reading
Posted in economy, financial results, results
Tagged auto industry commentary, autoinformed, autoinformed.com, Carvana, e-commerce, Ken Zino
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Auto Plant Downtime Looming as COVID-19 Thrives?
LMC notes that projected regional and export demand, along with inventory replenishment, has it forecast that US automakers will produce nearly 40,000 vehicles daily in the second half of 2020. Continue reading
Ford Motor Changes CEO from Jim Hackett to Jim Farley
Farley, an automotive leader with global experience and a successful track record (He launched Lexus at Toyota), collaborated with Hackett over the past three years to develop and execute Ford’s Creating Tomorrow Together plan. Continue reading
Posted in auto news
Tagged auto industry commentary, autoinformed, autoinformed.com, Jim Farley, Jim Hackett, Ken Zino, milestones, people
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GM and EVgo to Add EV Fast Chargers Nationwide
The two companies say they will add fast charging stations to cities and suburbs, providing increased charging access to drivers who live in multi-unit homes, rent their homes and can’t install chargers, or might not have access to workplace charging. Continue reading
GM Offers Three New 350 Service Engines
“Building on the history and versatility of the original 350 first available in Chevrolet models such as the Camaro and Corvette, this engine continues to deliver.” Continue reading
A New Leaf – Nissan Takes Electricity to Pay for Parking
The Nissan Pavilion opens to the public tomorrow. Nissan says the payment system is “just one of the many innovations customers can experience at the Pavilion, built to show how Nissan moves people to a better world.” Continue reading
Ford Motor Q2- Sales Drop -53%. Debt Grows $10B
Analysts, a mysterious species to AutoInformed were surprised and delighted. AutoInformed noted an ongoing warranty cost disaster, which is a management failure not a Covid issue. It remains troubling as Ford is introducing increasingly complex vehicles. Continue reading
Posted in economy, financial results, news analysis, results
Tagged Argo AI, auto industry commentary, autoinformed, autoinformed.com, Ford Motor Earnings, Ken Zino
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Lordstown and Lithium. A New GM Constellation is Rising
Back in March GM revealed a third-generation global EV platform powered by proprietary “Ultium” batteries. GM claimed it will allow the company to compete for almost every customer in the market today, whether they are looking for affordable transportation, a luxury experience, work trucks or a high-performance machine. A space that is largely occupied by Tesla, which caught all global automakers napping. Covid 19 has complicated launch plans across the industry and timing on such projects is unstable. Continue reading
GM Loses $800 Million in Covid Q2. NA Sales Drop -62%
However, GM post-bankruptcy is in a stronger position – financially and with a wiser, faster acting management team – than it was when Wall Street speculation sent global markets plummeting in 2008-2009. The deep recession that ensued was turned around by the Obama Administration, but the non-protected classes in lower income and racially harassed populations never recovered. Continue reading
Posted in financial results, news analysis, results
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, GM Q2 2020, Ken Zino
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Don’t Hold Your Breath Waiting for the New Hummer EV
Engineering targets include 1000 horsepower and 11,500 lb. ft. of torque. This should mean a zero-to-60 mph acceleration elapsed time of, oh, ~3 seconds. Continue reading
Snapshot – The Trump Economic Depression
50.1% of American adults live in households which have experienced a loss in employment income. That’s making America gruesome again… Continue reading
Posted in economy, news analysis, people
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, MAGA
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Federal Deficit for FY 2020 To Date – $2.8 Trillion or +$1.9 Trillion Year-over-Year
The cumulative federal budget deficit for the first 10 months of fiscal year 2020 reached $2.8 trillion, +$1.9 trillion more than the deficit recorded during the same period last year. Revenues were 1% lower and outlays were 51% higher through July 2020 than during the same 10-month period in fiscal year 2019. Continue reading →