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- FBI with a Tesla Employee’s Help Stops Malware Attack
- Q1 Financial Results of BMW Exceed Market Expectations
- Magna Wins Additional EV Component Business in China
- Fourth Annual Philadelphia Concours d’Elegance – 17 July
- Maserati Debuts Levante Hybrid SUV at Shanghai Auto Show
- Toyota, Subaru at Shanghai Introduce Latest Joint-Venture EVs
- Toyota Recalls 280,000 Venza Models for Defective Side Airbags
- GM and LG Energy to Build Second Battery Cell Plant in US
- Commerce Adds Seven Chinese Super-computing Entities to List Restricting Export or Transfer of Technologies Contrary to National Security or US Foreign Policy Interests
- Stellantis 2021 Annual Meeting Yeas €1 Billion Cash Payout
- Subaru Recalls More than 870,000 Vehicles for Safety Defects
- California EV Rebate Demand Exceeds Funding
- Mazda Finally Joins the Electric Vehicle Parade
- New Household Pulse Survey on COVID-19 Vaccinations Active
- First Look – 2022 Infiniti QX55
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Q1 Financial Results of BMW Exceed Market Expectations
Part of the reason, of course, was extremely low expectations for the Munich-based auto conglomerate because of the ongoing Covid 19 pandemic. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, BMW AG Q1 2021, china, Ken Zino
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Magna Wins Additional EV Component Business in China
Magna has won additional business to further support Chinese electric vehicle (EV) start-ups in the world’s largest and most CO2 producing vehicle market. Continue reading
Posted in electric vehicles
Tagged auto industry commentary, autoinformed, autoinformed.com, co2, eDrive gearbox, electric vehicles, Ken Zino, NIO, Xpeng
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Fourth Annual Philadelphia Concours d’Elegance – 17 July
Last year’s two-day event was cancelled due to the pandemic and this fourth “annual” event has been rescheduled as a one-day program. All current State guidelines for pandemic restrictions will be in place to ensure the safety of all participants and attendees. Continue reading
Maserati Debuts Levante Hybrid SUV at Shanghai Auto Show
“Shanghai Auto Show is an extremely important event for our Brand. The Show marks a rebirth in difficult times. We believe strongly in this new beginning, and today we are showcasing several world premieres that project us straight into the future,” said Maserati CEO Davide Grasso. Continue reading
Toyota Recalls 280,000 Venza Models for Defective Side Airbags
The Venza models are equipped with an airbag sensor installed in the driver- side front door. The sensor is connected to the Supplemental Restraint System Electronic Control Unit by a pair of twisted wires in a Yazaki North America supplied harness routed from the door to the vehicle body through a grommet. Because of a larger difference between the wire harness length and grommet length, there is a tighter bending radius for the wire harness inside the grommet. Continue reading
GM and LG Energy to Build Second Battery Cell Plant in US
Ultium Cells will build the new plant on land leased from GM. The new battery cell plant will create 1,300 new jobs. Construction on the approximately 2.8 million-square-foot facility will begin immediately, and the plant is scheduled to open in late 2023. Once operational, the facility will supply battery cells to GM’s Spring Hill assembly plant. The latest move clearly positions Korean company LG as the key partner in GM’s push for leadership in the growing Electric Vehicle market. Continue reading
Commerce Adds Seven Chinese Super-computing Entities to List Restricting Export or Transfer of Technologies Contrary to National Security or US Foreign Policy Interests
Today’s final rule adds Tianjin Phytium Information Technology, Shanghai High-Performance Integrated Circuit Design Center, Sunway Microelectronics, the National Supercomputing Center Jinan, the National Supercomputing Center Shenzhen, the National Supercomputing Center Wuxi, and the National Supercomputing Center Zhengzhou. These entities are involved with building supercomputers used by China’s military actors, its destabilizing military modernization efforts, and/or weapons of mass destruction (WMD) programs. Continue reading
Stellantis 2021 Annual Meeting Yeas €1 Billion Cash Payout
The distribution will be paid out of the capital repayment reserve that was created by a reduction of the nominal value of the Stellantis common shares in connection with the Faurecia distribution, previously approved by the Extraordinary General Meeting of Shareholders. Continue reading
California EV Rebate Demand Exceeds Funding
“Existing funding for both standard and increased rebates is projected to be fully reserved in the coming weeks,” CARB said. Clearly CARB is trying to preempt or shape a potential political debate about EV subsidies are yet another example of how the system is rigged for the rich – the wealthier they are, the more taxpayer subsidies – aka socialism for the rich – accrue. Continue reading
Mazda Finally Joins the Electric Vehicle Parade
Mazda North American Operations (MNAO) today semi-announced the introduction of the Mazda MX-30, its first battery-electric vehicle, in the US market beginning in fall 2021 at California dealerships. This is the first step in Mazda’s “multi-solution electrification strategy” that is lagging numerous other industry leaders. Continue reading
New Household Pulse Survey on COVID-19 Vaccinations Active
Unfortunately President Biden’s thus far excellent COVID-19 vaccination crusade hit a giant wall (not paid for by Mexico) when regulators recommended a “pause” in administering Johnson & Johnson vaccine. Biden, optimistically, noted that with a temporary loss of J&J ’s one-shot vaccine, there is enough of a supply of Pfizer and Moderna vaccines “for every single, solitary American.” But data show tens of millions of Americans are uncertain about getting shots that doctors and other experts say are compulsory for the nation to rid itself of the pandemic. Continue reading
First Look – 2022 Infiniti QX55
The ’22 Infiniti QX55 is now reaching North American showrooms. For US consumers, the Nissan sub-brand had a new digital reservation program that allowed shoppers to buy their car. QX55 has – it’s claimed – “generous” standard equipment, including wireless Apple CarPlay compatibility, 20-inch wheels, and Intelligent All-Wheel Drive for $46,500 MSRP to start. Continue reading
FBI with a Tesla Employee’s Help Stops Malware Attack
Kriuchkov planned to cripple Tesla’s electric battery plant in Nevada with ransomware and steal company secrets for extortion. Furthermore, it was alleged that Kriuchkov acted on behalf of co-conspirators abroad and attempted to use face-to-face bribery to recruit the insider. Continue reading →