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Tag Archives: auto industry commentary
Stellantis, TotalEnergies, Mercedes-Benz Open Battery Factory
Stellantis (NYSE: STLA), TotalEnergies and Mercedes-Benz, celebrated today the inauguration of the Automotive Cells Company’s (ACC) battery factory in Billy-Berclau Douvrin, France, the first of three planned in Europe. Continue reading
GM Defense and Black Sage Technologies to Work on Drones
“We understand how critical optionality is for our customers, who look for ways to outmaneuver increasingly complex threats from around the globe,” said Steve duMont, GM Defense president. “Our teaming agreement with Black Sage helps us offer greater flexibility to warfighters while continuing to develop mobility solutions that perform in diverse environments. This collaboration enables GM Defense and Black Sage to leverage the synergies of our respective companies, extend battlefield capabilities and showcase solutions that can drive mission readiness.” Continue reading
Heavy Duty – Mitsubishi Fuso and Hino Motors to Merge
How this works under various anti-trust laws and regulations is unclear to AutoInformed. Details on the scope and nature of the collaboration including the name, location, shareholding ratio and corporate structure of the new holding company will be decided during the next ~18 months. The parties predict signing of definitive agreements in the first quarter of 2024. They aim to close the transaction by the end of 2024. Once all parties involved reach an agreement, they will move forward based on the approval of the relevant boards of directors, shareholders, and authorities. Continue reading
Josef Newgarden Driving a Penske-Chevrolet Wins Accident Marred Indianapolis 500
All told, Newgarden led five laps of the 200. Newgarden started the race 17th on the grid. For Tim Cindric, President at Team Penske, it was the ninth Indianapolis 500 win and the 19th for Roger Penske as team owner; the first came in 1972. However, it was Roger Penske’s first as the owner of the Indianapolis Motor Speedway since he bought it three and half years ago. Continue reading
Toyota, Honda, GM Lead in Supplier Relations
“The industry continues to face unprecedented challenges in the shift to EVs that unless effectively addressed will only get worse,” said David Andrea, Principal in Plante Moran’s Strategy and Automotive & Mobility Consulting Practice, which conducts the annual Study. “During Covid, a ‘war room’ approach was adopted to quickly resolve critical issues. That approach is what auto manufacturers need to maintain during the transition to EV technologies. The industry needs that level of collaboration, even without the pressure of a crisis.” Continue reading
German Surfing Culture?
“To reduce drag and stabilize the board, patented attachments known as aero edges were added to the front and back of the board,” said Marcus Schmelz, Project Manager at Porsche Engineering. “We know this principle from automobiles: here, too, tear-off edges are defined, for example through the use of spoilers. They reduce air turbulence, making the car more stable and aerodynamic at high speeds.” Continue reading
Ford EV Customers to Get Access to Tesla Superchargers
“We’ve spent the last 10 years building an industry-leading Charging Network that enables freedom to travel and provides charging confidence for our Tesla owners. We’re excited to deliver on our mission to accelerate the world’s transition to sustainable energy by welcoming Ford owners, and other electric vehicles who adopt NACS, to our thousands of Superchargers across North America,” said Rebecca Tinucci, Tesla’s senior director of charging infrastructure. Continue reading
Ford CEO says China is the Main Competitor, Not GM
“If you localize Chinese technology in the US – the customer is going to get screwed,” Farley said. The candid, tough talk comes at a time when Ford is investing more than $50 billion (2022 through 2026) in electric vehicles and battery components. Ford is on track to reach an annual targeted production run rate of 600,000 electric vehicles globally by the end of 2023, and 2 million by the end of 2026. Electric vehicles are expected to account for half of the company’s sales by 2030. Continue reading
May US Light Vehicles Sales Forecast Up 20%
“The industry is positioned for another strong month in May as retail sales are estimated to surge 9.6% from a year ago. This positive performance is complemented by a projected 0.7% increase in average transaction prices. As a result, it is anticipated that consumers will spend nearly $47 billion on the purchase of new vehicles in May, showcasing a significant 13% growth from a year ago,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed.com, GlobalData, j.d power, Jeff Schuster, Ken Zino, lmc automotive, Thomas King
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First Look – BMW 5 Series – Generation Eight
BMW today revealed the new 5 Series, which for the first time ever will have a fully electric version. One of the most enduring and popular mid-size sports luxury sedans, more than 10 million have been assembled since its 1972 … Continue reading
Toyota to Buy Solar Power from Former Coal Mine
“It is important that renewable power is more available to large-scale US energy buyers and converting brownfields like this offers a path forward for former energy communities to take advantage of the infrastructure they already have with transmission lines while providing clean energy to the grid,” said David Absher, senior manager of environmental sustainability at Toyota Motor North America. Continue reading
Buy a Citroën My Ami Buggy Online June 20?
Citroën will sell a new special edition of 1000 units, which will be available in ten countries: France including the French overseas departments, Italy, Spain, Belgium, Greece, Portugal, the United Kingdom, Luxembourg, Morocco and Turkey. Buggy is priced at €10,490, ~$11,300.50 if you can get one. The last time around it took the fastest buyer to complete the entire purchase process of the first sale 2 minutes and 53 seconds. The first will be delivered mid-September. Continue reading
McKinsey – EU Decarbonization Targets Require Lots of Land
To say that this has political implications is, perhaps, an understatement. AutoInformed has observed for decades that abstract policy discussions and agreements can become quite contentious when they move toward implementation in one’s backyard – onshore or off the shoreline. Continue reading
Drive Safely by Securing Your Load
The US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) asked us today to urge drivers to properly secure transported objects. Items not properly secured pose a safety risk on our nation’s roadways. Objects or debris can fall from vehicles and can collide with other vehicles or pedestrians, causing serious injuries or fatalities. Continue reading
Short Circuit – Electric Vehicle Smartphone Apps
“Even though EV app usage has increased over time, the app features EV owners say are most important to them are among those that have the lowest satisfaction,” said Jason Norton, senior manager of global automotive consulting at J.D. Power. “Manufacturers need to focus on improving the performance of the areas that matter most to EV owners in order to maximize their impact and elevate the user experience.” Continue reading →