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Tag Archives: auto industry commentary
Michigan Chemistry – Ford to Spend $3.5B on LFP Battery Plant
Lithium iron phosphate batteries use fewer high-demand, high-cost materials such as critical minerals nickel and cobalt. Ford said they will power a variety of Ford’s next-generation of EV passenger vehicles and pickups, starting this year with Mustang Mach-E. A US LFP battery plant is now central to the so-called Ford+ plan because in theory it helps Ford more EV production quickly thereby making EVs more affordable for customers. Ford’s goal is an 8% EBIT margin for Model e by 2026. It is being pushed hard here by General Motors* and other global automakers as they compete in the capital markets. Continue reading
New Toyota Motor President Koji Sato on Evolution
“The hallmark of our management as a team, like a soccer team, will be flexibility in changing formation. Underlying this are the concepts of having the right person in the right place and emphasizing roles over titles,” Sato said. Continue reading
Tech-Aches – J.D. Power 2023 U.S. Vehicle Dependability Study
“It is typical in the automotive industry to roll out concepts and features by putting them in premium vehicles first,” said Frank Hanley, senior director of auto benchmarking at J.D. Power. “A bellwether for mass market brands looking to adopt and implement these technology features into their portfolio is in two of the industry’s preeminent studies, the J.D. Power Initial Quality StudySM (IQS) and the Vehicle Dependability Study. Connecting insights from the two studies better informs automakers by substantiating trends and showcasing how some automakers are preventing problems from occurring early on and throughout the ownership experience.” Continue reading
Toyota Profit for Q3 Up 22%. YTD Down
Toyota said “we are striving to quickly evaluate alternative semiconductors and respond to design changes in order to secure stable procurement of semiconductors. We are also seeking to shorten the lead time by visualizing the process from order to delivery for each vehicle. We are absorbing the burden on our suppliers caused by the soaring materials and energy prices in order that activities to strengthen competitiveness are installed widely and deeply across the entire supply chain.” Continue reading
Posted in economy, financial results, mobility company, results
Tagged auto industry commentary, autoinformed.com, Ken Zino, toyota motor
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US Made Semiconductors – GM, GlobalFoundries Ink Deal
“I have long said that Upstate New York’s semiconductor corridor will be a major engine powering America’s technological future, and now ‘Made in New York’ chips will help jumpstart the next generation of vehicles for GM across the country,” said U.S. Senate Majority Leader Charles Schumer. Schumer of course we key in developing and passing the Biden Administration’s bi-partisan CHIPS and Science Act, which is bringing manufacturing back to US supply chains. Continue reading
Salt Lake City Motorcars Now Automobili Pininfarina Dealer
As deliveries of the pure-electric Battista** hyper GT continue, Automobili Pininfarina Salt Lake City is led by Dealer Principal Tom Buckley. “He and his team will provide a highly personalized client experience to prospective and current owners,” Pininfarini said in a release. Continue reading
Chevrolet Tweaks Trailblazer SUV for 2024
New for the 2024 model year are 11-inch-diagonal center display and an 8-inch-diagonal Driver Information Center. The front fascia, exterior lighting and grille designs vary by trim. New exterior colors are Copper Harbor Metallic and Cacti Green. The RS has blacked-out exterior cues, a unique mesh grille, dual exhaust outlets with chrome tips, and 19-inch wheels. Continue reading
Mercedes Donates Emergency Earthquake Aid in Turkey, Syria
Mercedes-Benz Group said in Stuttgart today that it is donating one million euros to the German Red Cross (GRC) for the people in Turkey and Syria affected by the severe earthquakes. The donation will be used for emergency humanitarian aid on the ground in order to quickly provide the suffering population with the bare necessities. The relief operation of the GRC has already started. Mercedes-Benz is in contact with major aid organizations. Continue reading
Posted in news, people
Tagged auto industry commentary, autoinformed.com, Earthquake aid, German Red Cross, Ken Zino, Syria, Turkey
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Genesis Slowly Expanding US EV Sales
Genesis Motor America, in collaboration with Electrify America, offers three years of 30-minute complimentary charging sessions from the date of vehicle purchase.* Owners of the 2023 GV60 and Electrified G80 have access to hyper-fast charging on Electrify America’s coast-to-coast charging network and can seamlessly locate and access charging stations while on the road via the Genesis Connected Services and Electrify America mobile apps. Continue reading
US Trade Deficit Grows in 2022 as Economy Recovers
For 2022, the goods and services deficit increased $103.0 billion, or 12.2% from 2021. This is the largest deficit on record as the economy continued to recover as consumers and businesses purchased higher amounts of machinery, car components, industrial supplies, medicines among other things. Exports increased $453.1 billion or 17.7% . Imports increased $556.1 billion or 16.3%. Continue reading
Flying Hyundai Tucson, Santa Cruz Roof Moldings Recalled
Hyundai Motor America is recalling 2022 Tucson and 2022-2023 Santa Cruz crossover SUVs, the National Highway Traffic Administration said today in a filing just made public. The roof moldings of vehicles made at Hyundai Motor Manufacturing Alabama may have defective attachment hardware made by Keumgang in South Korea and fly off the vehicle. There are no confirmed crashes, injuries, or fire related to this safety defect, according to Hyundai. Continue reading
January 2023 Western EU Passenger Vehicles Sales Plunge
LMC noted that the 2022 year‐end had a stronger selling rate in part due to legislation changes pulling forward sales. However, in monthly registration terms, January 2023 was up 9.8% year‐on‐year (YoY), at 810k units. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Global data, Ken Zino, lmc automotive
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TMC Honorary Chairman Shoichiro Toyoda Passes at 97
“With great sadness Toyota Motor Corporation (TMC) announced the passing of TMC Honorary Chairman Shoichiro Toyoda this morning in Nagoya. Shoichiro Toyoda died at 4:48 pm on 14 February 2023 of heart failure. He is survived by Akio Toyoda his eldest son. TMC plans to hold a farewell gathering for Honorary Chairman Toyoda at a later date. Continue reading →