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Tag Archives: auto industry commentary
Penske Automotive – May Business Improving
“Since the COVID-19 pandemic began impacting operations in the second half of March, we took actions to reduce costs and preserve our liquidity position. Based on these actions, I expect further improvements to our operating results in June and into the second half of the year as the economy continues to recover,” said Penske Automotive Group CEO Roger Penske. Continue reading
Posted in economy, news analysis
Tagged auto industry commentary, autoinformed.com, COVID-19, Ken Zino, penske automotive group
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May US Budget Deficit, Gulp, $424 Billion
The federal budget deficit in May was $424 billion, about double the amount in the same month last year, the Congressional Budget Office estimates. That increase stems from the economic disruption caused by the 2020 corona virus pandemic and from … Continue reading
Commerce, HHS, FDA to Fight Online Opioid Sales
Under the program, the National Telecommunications and Information Administration (NTIA) and the U.S. Food and Drug Administration (FDA) will work with three domain name registries, Neustar (.us), Verisign (.com, .net) and Public Interest Registry (.org), to suspend the domain names of websites found to be illegally selling unapproved opioids. Continue reading
Posted in people, safety
Tagged auto industry commentary, autoinformed.com, DOC, Kenneth Zino, opioids, US Food and Drug Administration
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COVID-nomics – Plague Meets the Dreary Science
The UK consumer new car finance market reported new business volumes 97% lower in April 2020 compared with the same month in 2019, and a fall of 37% in the first four months of 2020. The percentage of private new car sales financed by FLA members was 94.5% in the twelve months to April 2020. Continue reading
Posted in economy, environment, financial results
Tagged auto industry commentary, autoinformed.com, COVID-19, Kenneth Zino, public health
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Milestones – VW Chattanooga One-Millionth Vehicle
Milestones – VW Chattanooga One-Millionth Vehicle Continue reading
Groupe PSA, Punch Powertrain Expand EV JV
Punch Powertrain will contribute its DT2-related business unit, including engineering, manufacturing, and support functions to the new entity which is expected to be operational by the third quarter 2020. Continue reading
It’s Come to This – Mazda Digital MotorSport
Whether this is a temporary or lasting Covid influence people all over the world can connect online and enjoy the same digital conditions regardless of country, region, language or generation. Continue reading
US International Trade Deficit Soars in April to $50 Billion
The US international trade deficit in goods and services increased to $49.4 billion in April from $42.3 billion in, as exports and imports saw their largest monthly declines in history. It is the latest indicator that economy is struggling during the COVID-19 crisis according to Commerce Department data. The bad news increases if you consider the unemployment crisis. Continue reading
Must See! Virtual Viral Tour of Mercedes Museum
Alongside the “magical installations, the highly dynamic clip casts a spell of enchantment on the viewer with flight sequences that top anything seen to date,” in the hyperbolic view of the communications department. Continue reading
Posted in electronics, marketing
Tagged auto industry commentary, autoinformed.com, drones, Kenneth Zino, Mercedes-Benz Museum
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Milestones: Volkswagen Completes Promised Argo AI Funding
The numerous problems confronting Ford Motor and Volkswagen AG revolve around a central issue: Whether the two global giants and hundreds of thousands of workers can work together or consume shareholder capital at astonishing, company threatening rates without producing the promise efficiencies – on time and on budget. Continue reading
Rolls-Royce on CS Rolls’ Record Run in a Wright Flyer
Among the spectators on the cliffs were Rolls’ parents, Lord and Lady Llangattock, and his sister and brother-in-law, Sir John and Lady Shelley. He was in a Wright Flier. Continue reading
Auto Assembly Plant Restarts – Yes, Maybe and Unknown
FCA, GM, and Volkswagen announced planned to restart production at four plants during the week of 31 May 2020. Continue reading
Hershey Swap Meet Cancelled!
With ongoing COVID-19 concerns and Pennsylvania’s legal constraints on more than 25 people gathering, the Hershey Region Chapter, has just said (30 May) on their Facebook page that the enduring event of 65 years taking place at the beginning of October is cancelled. Continue reading
Chevrolet Launches Bolt EV Academy Video Series
The online series explains several of the Bolt EV’s unique features, driving tips and how-tos. For future Bolt EV drivers, the series will allegedly illustrate “just how fun, easy and convenient it is to live with an electric vehicle “ as explained by the engineers and experts who brought the Bolt EV to life. Continue reading
NASCAR Finally Bans Confederate Traitors’ Flag at All Races, Venues and Properties
I know that if you ask NASCAR about what it has actively done to integrate the sport and its businesses over the decades – once you get past the self-interested ticket sales of its minority policies – and the deeds are sparse. Continue reading →