Tag Archives: autoinformed.com

Dr. Norbert Reithofer, Supervisory Board Chair of BMW Retires

Posted on 14 May 2025 by Ken Zino

The BMW Group* (Bayerische Motoren Werke AG ADR BMWYY) said today that Dr. Norbert Reithofer, Chairman of the Supervisory Board of BMW AG since 2015, and closely associated with the company for nearly four decades, is stepping down from his position, effective immediately.

“After 38 years, it is time for me to say goodbye to the BMW Group. It has been an honor to be a part of this exceptional company. I would like to thank all our associates, shareholders and stakeholders for your trust and support,” said Reithofer. “Together, we have overcome tremendous challenges and celebrated unparalleled successes. I firmly believe that the BMW Group will continue to follow its own unique BMW path.” Continue reading →

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Bad Brakes! Recalls on Ford Expeditions, Lincoln Navigators

Posted on 14 May 2025 by Ken Zino

Ford Motor Company (NYSE: F) is recalling ~274,000 2022-2024 model year Navigator and Expedition SUVs for failing brakes.

“The front brake line may have been bent during the engine installation process at Ford’s Kentucky Truck final assembly plant,” according to the mandatory safety defect recall filing made public today by the National Highway Traffic Safety Administration. Continue reading →

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Team Penske, Chip Ganassi Racing Rule 1st Indy Practice

Posted on 14 May 2025 by Ken Zino

Team Penske and Chip Ganassi Racing dominated the opening day of practice for the 109th Indianapolis 500 yesterday. Practice started two hours, 32 minutes late due to intermittent rain and damp track conditions, and the session ended 32 minutes early due to lightning strikes within the vicinity of the 2.5-mile oval.

The 2018 Indianapolis 500 winner Will Power led a Team Penske 1-2 on the speed charts in a weather-shortened session at 227.026 mph in the No. 12 Verizon Team Penske Chevrolet. The hot lap occurred in the last 30 minutes of practice. Two-time defending “500” winner Josef Newgarden was second at 226.971 mph in the No. 2 Shell V-Power NiTRO+ Team Penske Chevrolet. Newgarden is trying to become the first driver to win the 500 for three consecutive years. Continue reading →

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Indianapolis 500 Practice Starts Today!

Posted on 13 May 2025 by Ken Zino

Practice for the 109th Indianapolis 500 presented by Gainbridge starts today May 13 with a field consisting of eight former winners of what is promoted as “The Greatest Spectacle in Racing” and five NTT IndyCar Series champions. There are 34 entries set to contest for the 33 starting spots for this year’s 500. That will be determined at the PPG Presents Armed Forces Qualifying runs May 17-18.

All track activity on the 2.5-mile oval leads into Race Day, Sunday 25 May at the “Brickyard.” Live Race Day coverage begins on FOX, FOX Deportes, the FOX Sports app and the IndyCar Radio Network at 10 a.m. (ET). The green flag is set to drop for 12:45 p.m. That’s when the B.S. stops so to speak, barring a weather delay. Continue reading →

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GM and LG Energy Solution to Make Prismatic Cells in U.S.

Posted on 13 May 2025 by Ken Zino

General Motors (NYSE: GM) said today that it will with LG Energy Solution (KRX: 373220),* commercialize lithium manganese-rich (LMR) prismatic battery cells for future GM electric trucks and full-size SUVs. The announcement could be a battery technology breakthrough with significant sales and marketing advantages. This builds on a partnership between the two companies to develop prismatic battery cell technology and related chemistries.

“GM aims to become the first automaker to deploy LMR batteries in EVs. Ultium Cells, a GM and LG Energy Solution joint venture, plans to start commercial production of LMR prismatic cells in the United States by 2028, with pre-production expected to begin at an LG Energy Solution facility by late 2027. The final production-design of these LMR battery cells will be validated at GM’s Battery Cell Development Center in Warren, MI, which is expected to open earlier that year, as well as LG Energy Solution’s facility,” GM said. Continue reading →

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Nissan Motor Posts ¥670.9 Billion Net Loss

Posted on 13 May 2025 by Ken Zino

Nissan Motor Company (7201T and NSANY ADR)* today announced financial results for the full year and the fourth quarter of the Japanese fiscal year 2024, ending 31 March 2025. During FY2024, global sales remained at 3.346 million units impacted by “intensified sales competition.” Nissan’s consolidated net revenue was ¥12.6 trillion yen, resulting in an operating profit of ¥69.8 billion with a razor thin  operating margin of 0.6%. Net loss was, gasp, ¥670.9 billion (~$4.5 billion), which is improved from its previous forecast of a net loss of ¥700 – ¥750 billion for fiscal year 2024. Free cash flow and operating profit in the automotive business were both negative, automotive net cash was ¥1.498 trillion. (Based on average exchange rates of 153 JPY /USD and 164 JPY /EUR for FY2024.)

“In the face of challenging FY24 performance and rising variable costs, compounded by an uncertain environment, we must prioritize self-improvement with greater urgency and speed, aiming for profitability that relies less on volume. As new management, we are taking a prudent approach to reassess our targets and actively seek every possible opportunity to implement and ensure a robust recovery. Re:Nissan is an action-based recovery plan clearly outlines what we need to do now. All employees are committed to working together as a team to implement this plan, with the goal of returning to profitability by fiscal year 2026,” said Ivan Espinosa, Nissan president and CEO. Continue reading →

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WEC Spa – Ferrari One-Two. Alpine Third in Hypercar

Posted on 12 May 2025 by Ken Zino

Ferrari at Spa finished first and second as the #51 passed under the chequered flag just four seconds ahead of the sister #50 Ferrari  prototype. This was ironic or exciting as Antonio Giovinazzi crashed at the crest of Eau Rouge on his first lap out of the pits during Thursday’s FP2 session. The World Endurance Cup said a record crowd of ~ 100,000 showed up in the 14th  running of the Belgium endurance race. (read AutoInformed.com on Spa-Francorchamps – LeMans Dress Rehearsal this Weekend)* James Calado drove the opening Ferrari stint, which he dubbed as conservative in order to take care of the tires. Giovinazzi drive the second stint without inducing serious damage. Pier Guidi drove remainder of the race. Continue reading →

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GM Poaches Aurora Exec for Chief Product Officer

Posted on 12 May 2025 by Ken Zino

General Motors (NYSE: GM) today announced the appointment of Sterling Anderson, co-founder and chief product officer of autonomous trucking company Aurora, as executive VP, Global Product and Chief Product Officer. This can be viewed either as a GM poaching or grabbing an itinerant executive. He will report to GM President Mark Reuss. Anderson joins GM on 2 June 2025 and will be based in GM’s Mountain View Tech Center in California. The latest move comes at a time when Chinese companies are challenging traditional automakers with stunningly short development times and new product debuts with a variety of electronic systems. Continue reading →

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Hyundai Fire Risk Recall on 2025 Palisade SUVs

Posted on 12 May 2025 by Ken Zino

Hyundai Motor America is recalling ~600 Korean-made 2025 model Hyundai Palisade SUVs. An insufficient seal from Korean supplier MNEX on the controller for the electric oil pump may allow moisture to accumulate in the printed circuit board, which can cause an electrical short circuit and result in a fire. Owners are advised to park their vehicles outside and away from structures until the recall remedy is completed.

“The tooling used for sealing the EOP controller housing during supplier manufacturing contained a damaged spring,” Hyundai told the National Highway Traffic Safety Administration, which made this mandatory recall filing public this morning. Drivers may perceive a burning/melting odor or the illumination of Malfunction Indicator Light. Continue reading →

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Volvo Car USA Rearview Camera Software Recall

Posted on 12 May 2025 by Ken Zino

Volvo Car USA is recalling ~413,000 model year 2021-2025 XC40, 2022 V90, 2022-2025 S90, V90CC, C40, XC60, and 2023-2025 S60, V60, V60CC and XC90 vehicles. The rearview camera image may not display when the vehicle is placed in reverse. These Volvos fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 111 on Rear Visibility. The center display will show “Camera is temporarily not available”.

Wide Angle Vision Module (WAM) Software from Google is the problem. “A fault code may be set under certain conditions, which could result in the backup camera image to not be available for the rest of the driving cycle. Park assist warnings, rear automatic braking and cross traffic alert will still be functional if the vehicle is equipped with those features, which will automatically stop the car if an obstacle is detected,” Volvo told the National Highway Traffic Safety Administration, which made the mandatory recall filing public this morning. Continue reading →

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Spa-Francorchamps – LeMans Dress Rehearsal this Weekend

Posted on 9 May 2025 by Ken Zino

The third race of the FIA World Endurance Championship (WEC) will see a multi-brand battle at the Spa-Francorchamps circuit. In what is the dress rehearsal for the 24 hours of LeMans in June at Circuit de la Sarthe. Aston Martin, Cadillac, Corvette, Ferrari, Lexus, Porsche and Toyota, among others will take to the 4.352 mile, 19 turn track with fast sweeping corners.*

Ferrari AF Corse took its third successive pole position in 2025. Antonio Fuoco drove a 1:59.617s lap take  the top spot in the #50 Ferrari AF Corse 499P. Fuoco took the pole by a mere 0.347s. The #83 AF Corse Ferrari joined the #50 car on the front row of the grid, as Robert Kubica was the only other driver to dip below the two-minute mark with a 1:59.964s best run. Making it a 1-2-3 for Ferrari was Antonio Giovinazzi in the Imola-winning #51 Ferrari AF Corse 499P. He set a 2:00.201s best in the car that had been repaired after the Italian crashed in the FP2 session on Thursday afternoon. Giovinazzi survived a late scare with a gravelly slide on the exit of Les Combes. Continue reading →

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Porsche Mourns Jochen Mass Death

Posted on 9 May 2025 by Ken Zino

Porsche AG (P911.DE) said this week that it mourns the “death of one of the family – with gratitude, respect and deep affection.” Jochen Mass, the  former works racing driver died on 4 May 2025 at the age of 78 in Cannes, France.

“We are very saddened by the news of his death. Jochen Mass was a driver with depth. One who could understand the car like few others”, said Thomas Laudenbach, Vice President Porsche Motorsports. “He had an excellent feel for technology and for everything that makes a team strong. We are losing a remarkable driver and a trusted companion who was with us for many years. His legacy extends well beyond his success – it lives in memories, in stories and in his way of thinking about motorsports. Our thoughts are with his family.” Continue reading →

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Mazda Japanese BEVs to Adopt North American Charging Standard

Posted on 9 May 2025 by Ken Zino

Mazda Motor Corporation (MMC 7261.T)* today announced that a deal was reached with embattled Tesla (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS) for charging ports on the company’s battery electric vehicles (BEV) launched in Japan from 2027 onward. Earlier this year, Mazda said that it will build a new module pack plant for automotive cylindrical lithium-ion battery cells in Iwakuni City, Yamaguchi Prefecture, Japan. The new plant will produce modules and packs of automotive cylindrical lithium-ion battery cells procured from Panasonic Energy Co. The completed battery packs will be installed in Mazda’s first battery EV that uses a dedicated EV platform and will be manufactured at Mazda’s Hiroshima plant. The annual production capacity is planned to be 10 GWh. This could see a U.S. export version, but there’s the ever-changing Trump trade barriers in play. The former Auto Alliance joint venture in Michigan is now a Ford Mustang plant and given Mazda’s strained relations with Ford, as well as Ford’s own struggles with Trump tariffs, it’s a highly unlikely source of Mazda BEVs in AutoInformed’s view.

Tesla itself presents another problem for U.S. sales, AutoInformed opines. Tesla said in late April that 2025 profits during Q1 plunged from $1.39 billion to $409 million. This was a drastic drop from analyst guess-timates as Elon Musk’s DOGE chainsaw kicked back on the company and slashed revenue from $21.3 billion to $19.3 billion. Amidst the carnage of lower customer deliveries, lower margins and lower profits, Elon Musk also claimed that he was leaving DOGE behind as his major work there was finished. Musk will only be spending a day or so weekly on the unpopular Trump DOGE executive order. However, the Tesla brand is unquestionably damaged. Tesla links could be highly toxic, the automotive brand equivalent of an EPA superfund cleanup site. Continue reading →

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NASCAR, TelevisaUnivision Announce Mexican Broadcast Deal

Posted on 9 May 2025 by Ken Zino

The National Association for Stock Car Auto Racing (“NASCAR”) and TelevisaUnivision,* Mexico’s leading media company, have reached an exclusive broadcast agreement for free-to-air coverage of the sanctioning body’s Mexico City race.  Under this new agreement, TelevisaUnivision will serve as the exclusive free-to-air (FTA) broadcaster in Mexico for the highly anticipated 2025 NASCAR Cup Series race in Mexico City, scheduled for Sunday, June 15 at 3 pm ET or 1 pm. local time. The race will be broadcast live on TelevisaUnivision’s ‘Canal 5’ with full Spanish-language commentary. Continue reading →

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Toyota FY 2025 Results – Net Profit Drops 21%

Posted on 8 May 2025 by Ken Zino

Toyota Motor Corporations (NYSE: TM) said today in Japan that consolidated vehicle sales for this fiscal year 2025 were 9 million 362 thousand units, which was 99.1% of consolidated vehicle sales for the previous fiscal year. Toyota and Lexus vehicle sales was 10 million 274 thousand units, which was 99.7% of such sales for the previous FY 2024 due to supply constraints caused by the certification issue and other factors. The proportion of electrified vehicles was 46.2%, a significant increase from the previous fiscal year, mainly led by HEVs, which were increased by 850,000 year-over-year. Continue reading →

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