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Tag Archives: auto industry commentary
Mid-Engine Chevrolet Corvette to Pace 2021 Indy 500
The Arctic White Stingray will be the first convertible since 2008 to pace the race. Continue reading
Nissan ‘Contributes’ -€73 million to Q1 2021 Renault Earnings
Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2020/2021 (January 1st to March 31st, 2021), after IFRS restatements, will have a negative contribution to Renault’s first quarter 2021 net income estimated at – €73 million based on an average exchange rate of 127.7 yen/euro for the period under review. Continue reading
Ultium Cells and Li-Cycle to Expand Recycling in North America
GM’s so-called zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Mining, of course is an environmentally ruinous process with severe negative social effects. The dirty secret is that EVs really aren’t clean when manufacturing and energy generation are taken into account. Continue reading
Nissan Reports Weak Q4, Full Year 2020 Financial Results
Free cash flow for the automotive business was a negative 391.0 billion yen. Nissan claims it has sufficient liquidity to steer through a challenging business environment. At year-end, cash and cash equivalents for the automotive business totaled 1.9 trillion yen. Automotive net cash was 636.0 billion yen. In addition, the company continues to have access to approximately 2.2 trillion yen in unused committed credit facilities. (Nissan Establishes Carbon Neutral Goal for 2050) Continue reading
Off the Roof Rails – Ford Recalls 616,967 Explorer SUVs
This by AutoInformed’s count is the 22nd Ford Motor recall this year in the U.S. Ford said it is not aware of any reports of accident or injury related to this safety defect, perhaps the reason Ford took it’s time, according to the Chronology below. Continue reading
Posted in customer satisfaction, recalls, safety
Tagged auto industry commentary, autoinformed, autoinformed.com, Ford Explorer Recalls, Ken Zino, nhtsa
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Renault Sport Cars Becomes Alpine Cars
The challenges of that lofty goal were on full display yesterday during the Formula One race in Spain. The Alpine F1 Team’s Esteban Ocon scored two points at the Spanish Grand Prix after finishing in ninth place at the Circuit de Barcelona-Catalunya with home favorite Fernando Alonso outside the points in seventeenth or in his case Formula None. Mercedes-Benz and Honda dominated the race. The team remains fifth in the Constructors’ Championship. Continue reading
Census Bureau – 26% of Adults Struggle on Expenses
Of pressing concern – adults living in households not current on rent or mortgage, 30.6% report eviction or foreclosure in the next two months is somewhat or very likely. Continue reading
Posted in economy, people
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, Ken Zino, U.S. Census Bureau
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BMW Group Q1 – Record Deliveries of 637,000, up 33%
Improved revenues and earnings of €4.26 per share were driven by a combination of higher sales volume figures across all regions of the world, particularly in China, and higher selling prices. Helpful effects also came from the sharp rise in prices of used vehicles, causing revenues from the sale of previously leased vehicles to rise, above all in the USA where the Biden Administration economy is soaring. Group revenues grew by 15.2% to €26,778 million (2020: €23,252 million; +18.9% adjusted for currency factors). Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, BMW AG, BMW Group Q1, Ken Zino, Oliver Zipse
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Stellantis First Ever Q1 Shows Revenue, Sales Increases
The combined companies shipped 1,477,000 units. The market launch of all-new Opel Mokka began in March 2021 to European consumers, representing a return to the market after being discontinued in 2019. All-new Grand Wagoneer/Wagoneer and next generation Jeep Grand Cherokee production launches remain on track for late Q2 2021 and Q3 2021, respectively. All-new Grand Cherokee L (3-row) production commenced, with commercial launch in late Q2 2021. Continue reading
GM Posts Formidable First-Quarter 2021 Results
During a call to media and investors GM said it confident in its full-year 2021 guidance outlined earlier this year as it works to manage through the semiconductor shortage, which is impacting all automakers globally. Based on information available today, the company expects to be at the higher-end of the EBIT-adjusted range of the forecast. Continue reading
April Sales Shower US Market More than 18 Million Times
This refreshing rejuvenation is partly the results of improved social, health and economic conditions under the successful Biden Administration that acted urgently to quell the largest public health crisis in US history that the previous Administration either ignored or promoted. Enjoy the flowers that are coming your way. Continue reading
Ford Rides Biden Administration’s Economic Recovery Surge and a Record April SAAR to a Good Sales Result
Ford’s gross inventory at the end of April remains favorable relative to competitors, according to Ford – a debatable assertion since it also signals a lack of flexibility and response in trimming what are non-performing assets. Continue reading
Posted in news analysis, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ford April US Sales, Ken Zino
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Record year for California Climate Investments
Despite Republican opposition, Californians have gained from these CARB investments through improved public health, fire prevention, affordable housing and energy efficiency, as well as significant reductions in emissions of greenhouse gases. To date, California Climate Investments projects have helped plant more than 133,000 urban trees, reduced smog-forming and other air pollutants by more than 60,000 tons, added more than 7,200 new affordable housing units, and saved Californians almost $93 million through water energy‑efficiency projects. Continue reading
2021 Chicago Auto Show Set for July 15-19
The move comes as a growing body of evidence shows that because of vaccine-resistance the US will never have enough people with vaccinations to reach so-called herd immunity whereby the virus has no easy means to spread. Continue reading
Posted in economy, environment, marketing
Tagged 2021 Chicago Auto Show, auto industry commentary, autoinformed, autoinformed.com, Ken Zino
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Toyota JV Will See SUV EV Branded Subaru Solterra in 2022
Toyota plans to produce the Toyota bZ4X in Japan and China, with worldwide sales of the model by the middle of 2022. U.S. product details eventually will emerge, but the product lines were under development during the previously failed administration, currently ensconced in exile at Mira-lardo, that was hostile to globalization and started a losing trade war with China, the world’s largest auto market. Continue reading →