Tag Archives: AutoInformed news

GM to Layoff 500 Employees at Oshawa Assembly

Posted on 29 January 2026 by Ken Zino

General Motors (NYSE:GM) conformed today that Oshawa Assembly will return to two shifts of production beginning 2 February. However approximately 500 employees will be placed on layoff.

“Preparations continue at Oshawa Assembly to build the next generation of gas-powered full-size pickups, supported by a $280 million investment that reinforces Oshawa’s future in GM’s key full-size truck program,” GM said in a release. Continue reading →

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GM Spending $30M at Fairfax to Flex EV and ICE Making

Posted on 29 January 2026 by Ken Zino

“For us, this work is more than building vehicles – it’s building a legacy. General Motors has been a place where families grow their careers across generations, including my own,” Fairfax Plant Director Michael Youngs said. “The investment in people isn’t just about preparing for the production of new vehicles; it’s about giving our people the opportunity to build a future their families can be proud of.” Continue reading →

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First Look – Genesis X Skorpio Concept

Posted on 29 January 2026 by Ken Zino

Genesis this week unveiled the X Skorpio Concept, an off-road vehicle designed to perform within demanding terrain including deserts. This happened in Rub’ al Khali “Empty Quarter” desert in the UAE.* “The X Skorpio concept is an extreme off-road vehicle … Continue reading →

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Porsche Head of Design – Sühlmann Succeeds Mauer

Posted on 28 January 2026 by Ken Zino

Porsche AG (P911.DE) said today that a generational change will see Tobias Sühlmann (46 left) succeed Michael Mauer (63 right) as Head of Design at Porsche from 1 February 2026. Sühlmann comes from, ahem, the British sports car manufacturer McLaren. … Continue reading →

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GM Posts 2025 Net of $12.7B on $185B Revenue

Posted on 27 January 2026 by Ken Zino

General Motors (NYSE: GM) today reported full-year 2025 net income attributable to stockholders of $2.7 billion and EBIT-adjusted of $12.7 billion. Fourth-quarter 2025 net income attributable to stockholders was a loss of $3.3 billion, EBIT-adjusted was $2.8 billion. The GM Board announced a dividend at 20% higher quarterly rate, and approved new $6 billion share repurchase authorization.

“We expect the U.S. new vehicle market will continue to be resilient, and with our compelling vehicles, technology-driven services, and operating discipline, 2026 should be an even better year for GM. We expect our full year EBIT-adjusted margins in North America will be back in the 8-10% margin range,” said Mary Barra GM CEO and Chair. Continue reading →

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EVs Outsell Internal Combustion Vehicles in EU!

Posted on 27 January 2026 by Ken Zino

EV sales outsold internal combustion vehicles in EU during December 2025, according to data published today by the European Automobile Manufacturers’ Association. Notably, Tesla at 150,504 dropped -38% for the year. Chinese maker BYD at 128,827 posted a 228% increase. [aka ACEA at AutoInformed after its original French name].* EV sales for the full year amounted to 17.4% of the European market. Continue reading →

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Volvo Car Financial Services Extends BoA Deal

Posted on 27 January 2026 by Ken Zino

Volvo Car Financial Services (VCFS) and Bank of America (NYSE: BAC) today announced the extension of their long-standing relationship to provide auto loan and lease origination, financing, and servicing for Volvo Cars customers and Volvo Cars’ 280 U.S. retailers.* The collaboration, which began in 2012, will now continue through 2030. Continue reading →

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Tesla, Toyota Top Power 2026 U.S. ALG Residual Value Awards

Posted on 26 January 2026 by Ken Zino

“Strong wholesale retention, solid brand value and a disciplined approach on rental fleet and incentives propelled Toyota to the top spot among mainstream brands,” said Danny Battaglia, managing director of ALG customer success at J.D. Power. “Toyota topped six segments for 2026, including a four-peat for GR Supra and five-peat for Tundra. Meanwhile, Tesla avoided the high incentives of other luxury battery electric vehicle brands in 2025. That helped earn it the top rank among luxury brands with the highest performers in three segments–including the refreshed Model Y, which included introduction of a lower-priced base version and additional content on mid-level trims.” Continue reading →

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Fire Risk – Ford Recalls Escape, Explorer, Focus, MKC Models

Posted on 26 January 2026 by Ken Zino

Ford Motor Company (NYSE: F)* is recalling more than 119,000 model-year 2013-2018 Focus, 2013-2019 Escape, 2024 Ford Explorer and 2015-2016 MKC vehicles equipped with a 2-liter engine. The engine block heater may crack and develop a coolant leak, causing it … Continue reading →

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Pessimism on the Economy – A Pox on Both Parties

Posted on 23 January 2026 by Ken Zino

During January 2025, 70% of voters said that “inflation or costs of goods” were getting worse for people like them. One year later, that figure has remained largely unchanged, with 74% of voters now saying that inflation is getting worse, according to the latest polling this week by Data for Progress (DFP).

“Despite Trump’s campaign promises, voters’ perceptions of the economy have not improved since he took office. But in a warning sign for Democrats, voters are still largely split over which party has solutions to lower the cost of living,” said DFP. Continue reading →

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Nissan Sells South African Plants to Chery SA

Posted on 23 January 2026 by Ken Zino

Nissan and Chery SA, a subsidiary of Chinese automaker Chery Group** [China’s Number One exporter with more than 100,000 employees and sales in 132 countries or regions. AutoCrat*], said today they have reached agreement on the acquisition of Nissan’s manufacturing assets in Rosslyn, South Africa. Subject to the fulfilment of certain conditions, including regulatory approvals, Chery SA will purchase the land, buildings and associated assets of the Nissan facilities, including of its nearby stamping plant, in mid-2026.

“Nissan has a long and proud history in South Africa and has been working to find the best solution for our people, our customers and our partners. External factors have had a well-known impact on the utilization of the Rosslyn plant and its future viability within Nissan. Through this agreement we’re able to secure employment for the majority of our workforce thereby also preserving opportunities for our supplier network. This move also ensures that the Rosslyn site will continue contributing to the South African automotive sector,” claimed Jordi Vila, Nissan Africa President. Continue reading →

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January 2026 U.S. Auto Sales Forecast Down

Posted on 23 January 2026 by Ken Zino

“January is historically the lowest volume sales month of the year and is also historically the least indicative of full-year sales performance. Nevertheless, January opens 2026 with a modest performance with retail sales expected to increase by 1317 units compared to a year ago,” said Thomas King, president of OEM solutions at J.D. Power. Continue reading →

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FDIC Conditionally Approves Ford Credit Industrial Bank

Posted on 22 January 2026 by Ken Zino

“I am excited to share that Ford Credit’s global banking footprint is taking a significant step forward. Following conditional approval from the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions, we are set to launch a U.S. industrial bank in Salt Lake City,” said Cathy O’Callaghan is president and CEO of Ford Credit. Continue reading →

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First Look – 2026 Mercedes-AMG F1 W17 Racer

Posted on 22 January 2026 by Ken Zino

The Mercedes-AMG PETRONAS F1 Team today unveiled the first images of its 2026 car, the Mercedes-AMG F1 W17 E PERFORMANCE. Race drivers George Russell and Kimi Antonelli, at the carbon fiber wheel of the W17, completed 67 laps of the Silverstone 2.979 km circuit, combining for almost 200 km of total mileage. The 2026 season inarguably the biggest technical revamp in the sport’s history, with all-new chassis, Power Unit, and fuel regulations. 

“Formula One will undergo significant change in 2026, and we are prepared for that transition. The new regulations demand innovation and absolute focus across every area of performance. Our work on the new car, and the long-term development of the Power Unit and advanced sustainable fuels with PETRONAS, reflects that approach” said Toto Wolff, Team Principal & CEO. Continue reading →

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Volvo EX60 Mid-Size SUV Debuts

Posted on 21 January 2026 by Ken Zino

Volvo Cars* today revealed the all-electric Volvo EX60 mid-size SUV. This is Chinese owned Volvo Cars’ first entry in the largest electric segment globally.** In theory this allows it to substantially increase its addressable market and electric market share. [Sales … Continue reading →

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