Tag Archives: autoinformed.com

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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A Freshened 2026 Toyota Corolla Cross Debuts

Posted on 8 May 2025 by Ken Zino

TMNA, the North American arm of Toyota (NYSE: TM) said today in Plano, Texas that the 2026 model Toyota Cross compact SUV has been tweaked.

“The 2026 Corolla Cross is continuing to bring entry SUV customers the combination of style and value that’s just right. For model year 2026 it receives two new front fascia designs, with a modern, color-matched look for the Hybrid version and a bold, rugged design for the gas-powered model. The new front-end designs create a distinct look for each powertrain while also evolving the crossover’s compact, sporty shape. The interior also receives an update with a reconfigured console storage design and larger available touchscreen,” Toyota said. Continue reading →

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Goodyear Completes Sale of Dunlop Brand

Posted on 7 May 2025 by Ken Zino

The Goodyear Tire & Rubber Company* (NASDAQ: GT) said today that it has completed the previously announced sale of the Company’s rights to the Dunlop brand in Europe, North America and Oceania for consumer, commercial and other specialty tires, together with certain associated intellectual property and inventory, to Sumitomo Rubber Industries Ltd (TYO: 5110). Gross cash proceeds at closing totaled $735 million, comprised of $526 million for the Dunlop brand, $105 million for a transition support fee and $104 million for inventory. Goodyear said it intends to use the transaction proceeds to reduce leverage in connection with the so-called Goodyear Forward transformation plan. Continue reading →

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CARB – Cap and Trade Funds ~$33 Billion of Climate Fixes

Posted on 7 May 2025 by Ken Zino

Nearly $33 billion has been raised to fund so-called climate solutions in communities across the state with money from the state’s Cap-and-Trade Program, according to a new report published by the California Air Resources Board (CARB)* today. The annual report provides detailed information about California Climate Investments, which tracks funds generated by cap and trade auction proceeds and allocated to 117 programs by the State  Legislature.

“California is proving that cutting pollution creates jobs and boosts communities. By holding polluters accountable, we’re sending billions of dollars back to communities and back to people’s wallets through credits on utility bills,” said Governor Gavin Newsom. “And we’ve got the receipts: healthier and cleaner communities and thousands of good paying jobs.” Continue reading →

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WillScot Holdings to Provide Hospitality Spaces for IndyCar

Posted on 7 May 2025 by Ken Zino

Penske Entertainment* today announced a partnership with WillScot Holdings Corp., a provider of temporary spaces, that will see the company become an Official Partner of IndyCar** and Indianapolis Motor Speedway. Through the multiyear partnership, WillScot will provide turnkey space solutions, including mobile offices, storage containers, climate-controlled storage, clear-span structures, restrooms, fencing and other hospitality spaces for use at race events throughout NTT IndyCar Series and IMS seasons. Continue reading →

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Cabin Fever at Corvette?

Posted on 7 May 2025 by Ken Zino

Chevrolet (NYSE: GM) said today that for the 2026 model year, the entire Corvette* lineup of  Stingray, E-Ray, Z06, and ZR1will have an interior  cabin with larger and more advanced driver-centric displays and fresh interior colorways, finishes and materials.

“Corvette is the ultimate American sports car, which is why it has remained the luxury sport segment leader for more than 20 years – with the next competitor a distant second in terms of market share,” said Scott Bell, vice president, Chevrolet. “With these updates, the mid-engine Corvette will continue to cement its leadership for years to come.” Continue reading →

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BMW Group Q1 2025 Earnings Drop 25%

Posted on 7 May 2025 by Ken Zino

“The more challenging the environment, the more crucial it is to have compelling products, a consistent strategy and a high degree of flexibility. Our technology-open approach remains a key success factor: with our young, highly attractive models and our broad range of drives, we are able to meet the various needs of customers worldwide. This enables us to achieve robust results and stay on course to meet our ambitious full-year targets,” said Oliver Zipse, Chairman of the Board of Management of BMW AG. Continue reading →

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Milestones – 20 Years of Hyundai Motor Manufacturing Alabama

Posted on 6 May 2025 by Ken Zino

Hyundai Motor Manufacturing Alabama (HMMA)** said today that it celebrated its 20th anniversary with a Team Member Appreciation Day on 3 May 3 2025, on the HMMA campus. The event brought together HMMA team members, their families, and special community guests for a day filled with family activities, plant tours, prize raffles, musical entertainment, and a closing fireworks display. The plant’s 20th year of production will officially be marked on 20 May 2025. Continue reading →

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Nostalgia Marketing – 2026 Corolla Hatchback FX Edition

Posted on 6 May 2025 by Ken Zino

Toyota (NYSE:TM) said today in Texas that for the 2026 model year, the Corolla Hatchback will have an FX edition, which has been dormant in the model since the 1987 FX16. Based on the SE grade Corolla, it should appear in Toyota Dealerships during fall of 2025. The new Hatchback FX Edition will be available in three color choices: Inferno, Ice Cap, and Blue Crush Metallic. There will be 1600 Corolla Hatchback FX Editions assembled for the U.S. Additional details and pricing for the full Corolla lineup will be shared later this year.

“The Corolla Hatchback FX adds a black vented sport wing for aggressive flair and improved aerodynamics. The 18-inch gloss white-finished alloy wheels with black lug nuts give an unexpected wow factor,” Toyota said. Power of the Corolla Hatchback FX Edition is a 2.0-liter Dynamic-Force direct-injection inline four-cylinder engine with claimed ratings of 169 horsepower at 6600 rpm and 151 lb.-ft. peak torque at 4800 rpm. It has a Toyota-estimated 33 combined MPG rating. Continue reading →

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Audi Group Q1 2025 Revenue +12.4% Profit down 12.5%

Posted on 6 May 2025 by Ken Zino

Audi AG’s overall financial performance in the first quarter of 2025 was  the result of relatively weak sales, a common problem facing global automakers given the ongoing political and tariff trade wars that are negatively affecting the business environment. Audi Group is a subsidiary of Volkswagen Group.*

“The first few months of 2025 saw us take decisive steps towards repositioning our company,” said Audi CEO Gernot Döllner. “This includes the agreement for the future concluded between company management and the works council in March, which aims to increase productivity, speed and flexibility at our German sites. The year will continue to be very challenging due to the global economic conditions. But Audi has started to execute its strategy and is delivering on it. Our model initiative is now, step by step, coming onto the global markets. We are particularly encouraged by sales and order intake for our new electric models.” Continue reading →

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Ford Motor 2025 Q1 Net Income $47M Down from $1.3B!

Posted on 6 May 2025 by Ken Zino

Ford Motor Company (NYSE: F)* late yesterday announced weak first- quarter 2025 financial results and “suspended” financial guidance, including full year adjusted EBIT and adjusted free cash flow because of Trump tariff-related” uncertainties.” Ford first-quarter revenue of was $40.7 billion; net income $471 million with an adjusted EBIT of $1 billion. Operating cash flow was $3.7 billion. Improvements in cost and quality favorably contributed to performance in the quarter, Ford claimed. When excluding the nearly 200 million impact of tariffs, this was Ford’s third consecutive quarter of year-over -year cost improvement. Ford estimates a tariff-related net adverse adjusted EBIT impact of about $1.5 billion for full year 2025, subject to ongoing tariff-related policy developments. For comparison, General Motors earned $2.78 billion, $3.35 per share, for the three months ended March 31. During Q1 of 2024 GM earned $2.98 billion, or $2.56 per share. Continue reading →

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Milestones – Five-Millionth Mercedes-Benz Sprinter

Posted on 5 May 2025 by Ken Zino

Mercedes-Benz said today that M-B Vans is celebrating a global milestone with the production of five million Sprinter vans. The five-millionth vehicle, an all-electric eSprinter, was assembled at the company’s facility in Charleston, South Carolina and handed to FedEx, a long-standing Mercedes-Benz Vans customer.

“The global production of five million Sprinter vans and the celebration of the model’s 30th anniversary is a testament to its enduring success. This milestone reflects the dedication of our teams, the trust of our customers, and the continuous evolution of a vehicle that has defined the large van segment for three decades. We are proud of this legacy and excited for the future as we continue to drive progress in the van industry,” said Thomas Klein, Head of Mercedes-Benz Vans. Continue reading →

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Volkswagen Recalls ID.BUZZ Third Row Seats

Posted on 5 May 2025 by Ken Zino

Volkswagen Group of America is recalling ~6000 model year 2025 ID. BUZZ vehicles. The third-row rear bench is wide enough for three passengers, but is designed for two passengers and equipped with two seat belts. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 208, Occupant Crash Protection.

“Based on the third-row rear bench seating surface width, the vehicle is required to have three DSPs. The third-row rear bench in the ID.Buzz has only two DSPs and with this only two seat belts available. If three passengers were to be seated the third-row rear bench, there would be insufficient seat belts for all three passengers. This could increase the risk of an injury for passengers in the event of a crash,” Volkswagen said in the mandatory safety defect recall filing made public today by the National Highway Traffic Safety Administration. Continue reading →

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GM Names Duncan Aldred President of North America

Posted on 5 May 2025 by Ken Zino

General Motors (NYSE: GM) today announced the advancement of Duncan Aldred to lead the company’s North America region. Aldred, who was VP, commercial growth strategies and operations, becomes GM senior VP and president of North America, effective immediately. Aldred will report to Rory Harvey, GM executive VP and president, Global Markets.

“Duncan comes to the role leading our North America business having driven a decade of growth in Buick and GMC, and most recently leading and modernizing our commercial operations to better serve our customers,” said Rory Harvey. Continue reading →

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Latest Ford Recalls – Bronco SUVs and F-150 Pickups

Posted on 5 May 2025 by Ken Zino

Ford Motor Company (NYSE: F) is recalling 2022-2023 model year Bronco SUVs, 2023 F-150 Lightning pickups and 2025 F-150 pickups for The 360-degree view camera; the high-voltage battery pack; and the air bag warning label, respectively. All told ~129,000 Ford products are affected – a relatively small number for the automaker.

“Missing or loose retention nuts on the high voltage battery junction box bus bars in the high voltage battery pack may result in electrical arcing, which can increase the risk of fire. In addition, a ‘Stop Safely Now’ message may occur in the instrument cluster followed by loss of motive power, which can increase the risk of a crash.” Ford said in the mandatory safety defect recall filing mad public by the National Highway Traffic Safety Administration this morning about what appears to be the most serious recall.
Continue reading →

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