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Tag Archives: autoinformed.com
US Used Vehicle Wholesales Virtually Stopped in March
“The outlook is based on macro-economic expectations, specifically that the country will experience significant job losses through the second quarter. Currently, our forecast has prices falling by 1.7% on a full-year basis versus 2019,” Paris said. Continue reading
Challenging Start in Q1 as Porsche Delivers ~53,000 Vehicles
During the first three months of 2020, Porsche sold 53,125 vehicles to customers worldwide. Compared to the year before, deliveries were down by 5% due to the effects of the coronavirus pandemic. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, COVID-19, Detlev von Platen, Kenneth Zino, Porsche Q1 Sales
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First GM-Ventec Critical Care Ventilators Delivered
The shipments, of course, are putting important tools in the hands of front-line medical professionals treating patients seriously ill with COVID-19 as the US desperately tries to catch up with the plague and the deaths made worse by denials among top political leaders. Continue reading
EU Passenger Car Sales: -25.6% Q1 2020; -55.1% in March
With containment / lock-down measures taking hold in most markets from around the middle of the month, the vast majority of European dealerships were closed during the second half of March. Consequently, demand across the region fell by more than half last month, dropping from 1,264,569 units registered in March 2019 to 567,308 units. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, COVID-19 Depression, Kenneth Zino, Q1 2020 EU Sales
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TravelCenters of America Lays Off More than 3000
Most were involved in the restaurants at the truck stops. All furloughed employees currently enrolled in TA’s benefits programs will continue to be eligible for health care coverage based on their plan. Continue reading
Groupe Renault Reveals A New Strategy for China
Renault will continue to provide aftersales service for its 300,000 customers through Renault dealers, and also through Alliance synergies. Further development for Renault brand passenger cars will be detailed later within a new mid-term-plan from Renault. Continue reading
Ferrari Official Channel via Motorsport Network
Race and sporting coverage include Competizioni GT, F1 Clienti, XX Programs and Ferrari Challenge (Europe, North America, Asia Pacific and UK) as well as video content on the road car range. There is also a focus on Ferrari’s participation in WEC, Le Mans 24 hours and Blancpain GT series. Continue reading
Social Distancing Time Frames: How Our Expectations Affect Compliance
“We said, ‘There’s something wrong here in the news,’” Briscese says. “Someone from the government says one thing and then another thing and you had conflicting messages from epidemiologists saying, ‘We are here for the long run. This is a marathon, not a sprint.’” Continue reading
Ford Motor Q1 Prelim Results Hint at COVID-19 Illiquidity
Ford’s Q1 vehicle wholesales were down 21% from a year ago, largely as a result of lower production and demand related to the coronavirus. Ford currently expects to report revenue of about $34 billion and first-quarter adjusted losses before interest and taxes of about negative -$0.6 billion, which excludes about $0.3 billion of special-item charges. The company has not yet calculated its tax rate for the first quarter and is not able to provide its preliminary net loss or loss per share. As of 9 April, the company had about $30 billion in cash on its balance sheet, including $15.4 billion of proceeds from borrowings last month against two existing credit lines. Continue reading
Back-Up Camera Recall on More than 318,000 FCA Models
If the rear-view image is displayed after the backing event has ended, a driver may be distracted by repeatedly and/or continuously shifting attention in attempt(s) to cancel the image which can cause a vehicle crash without warning. Continue reading
Chinese Junk Watch: Continuum Recalls Lenox Tea Kettles
Continuum’s Lenox-branded 2.5 Quart Whistling Stainless Steel Tea Kettle with a three-layered bottom are expelling hot water through the top. Continue reading
Volkswagen Logo “Simplified”
Led by Volkswagen Chief Designer Klaus Bischoff, the new branding was designed to be versatile, “digital first and reduces the logo to essential elements, which now presents as flat and two dimensional.” Continue reading
COVID-19 – GM Gives $2.65 Million to 40 Non-Profits
Included in these efforts is a $1 million grant to the DonorsChoose Keep Kids Learning plan, which provides $1,000 credits to 1,000 teachers in high-need school districts to help send basic resources like books, pencils, notebooks, food and cleaning supplies to students’ homes. Continue reading
Trade to Plunge as COVID-19 Upends Global Economy
The response of political leadership can also have a big impact in the outcome. But WTO economists believe the decline will likely exceed the trade slump brought on by the global financial crisis of 2008‑09. Estimates of the expected recovery in 2021 are equally uncertain, with outcomes depending largely on the duration of the outbreak and the effectiveness of the policy responses. Continue reading
Most Say Trump Too Slow in Coronavirus Response
With the Trump administration and many state governors actively considering ways to revive the stalled U.S. economy, the public strikes a decidedly cautious note on easing strict limits on public activity. About twice as many Americans say their greater concern is that state governments will lift restrictions on public activity too quickly (66%) as say it will not happen quickly enough (32%). Continue reading →