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Tag Archives: autoinformed
Cash Crunch? BMW and Daimler to Sell PARK NOW Joint Venture to EasyPark Group
EasyPark claims to be an international player and is celebrating its 20-year anniversary. EasyPark wants to buy PARK NOW to expand its business activities according to its global growth plan. EasyPark is a growing, European mobility company that helps drivers remotely find, manage, and pay for both parking and electric vehicle charging. EasyPark says it supports its users, the companies they work for, cities and parking operators with parking administration, planning and management working in ~2,200 cities in 20 countries throughout Europe and Australia. Continue reading
Posted in electronics, mobility company
Tagged auto industry commentary, autoinformed, autoinformed.com, EasyPark., Ken Zino
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Winter Storms Clobber Texas Small Businesses Unduly
There were, however, no questions about their impact on Cancun Ted Cruz’s taxpayer funded vacation that was widely documented in the media. Consider that it’s while designed to measure changing business conditions during the coronavirus pandemic, the SBPS also captures the impact of natural disasters on small business. The picture above documents the damage Texas Governments did to their own small businesses. Continue reading
FAA Linking with Choctaw Nation to Study Low Altitude Cargo Delivery by Unmanned Aircraft Systems
The parties will use virtual simulated urban environments for research. Another aim of the MOU is to promote interest in science, technology, engineering and mathematics programs for students seeking possible careers in aerospace. Continue reading
2022 Ford Super Duty Pickup Gets 12-Inch Screen
The new, landscape-oriented 12-inch center touch screen with SYNC®4 is standard on Lariat and above models, with physical controls below for quick access to commonly used functions. Occupants can easily multitask functions by splitting the screen to see navigation, music, truck features and the new digital owner’s manual. Continue reading
Ford Motor Recalls All 2021 Mustang Mach-E Crossovers
Ford also said in a late Friday afternoon release – days before the required NHTSA safety recall documents are publicly available, including information how the defect determined after it was discovered – that “it is not aware of any accidents or injuries related to this condition.” “Condition” is pr babble for safety defect. Continue reading
Posted in customer satisfaction, recalls, safety
Tagged 2021 Mustang Mach-E, auto industry commentary, autoinformed, autoinformed.com, Ken Zino, nhtsa
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Stellantis Reports Legacy FCA, PSA 2020 Financial Results
Nonetheless Stellantis was profitable in 2020 despite COVID-19 with 7.1% Automotive adjusted operating margin at €3.4 billion. Its 9.4% H2 Automotive adjusted operating margin was a record. The net result of group share was €2.2 billion with €2.7 billion Automotive free cash flow and a €13.2 billion Automotive net financial position. Continue reading
Posted in economy, financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, carlos tavares, fca, Ken Zino, Stellantis
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SEC Starts Task Force on Climate Change Investment Risks
What this means, in short, is that things are getting tougher for companies that are part of the global warming crisis or want to profit from investors who wish to support firms that are run on an environmentally friendly basis. but wish to avoid the consequences. Environmental, social, and governance (ESG) criteria are an “increasingly popular way for investors to evaluate companies in which they might want to invest,” said the SEC. In the financial markets, mutual funds, brokerage firms, and robo-advisors now offer products that employ ESG criteria. ESG criteria can also help investors avoid companies that might pose a greater financial risk due to their environmental or other practices. Continue reading
Posted in auto news, economy, environment, fuel economy or emissions, global warming, milestones, mobility company, news analysis, public health
Tagged auto industry commentary, autoinformed, autoinformed.com, climate change financial risks, ESG, investors and global warming, Ken Zino, sec
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Volvo Cars Posts a +29% Global Sales Increase in 2021
In China, Volvo Cars sold 29,243 cars in the first two months of the year, up 160.6% year-on-year, as the company managed to more than recover lost sales due to Covid-19 shutdowns last year. For the month of February, Volvo Cars sold a total of 50,795 cars, up 27.8% compared with the same month last year, and the company’s best February sales performance ever. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino
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Ugh – US Light Vehicle Sales Drop during February 2021
Blame the weather since US light vehicle sales dropped to 1.18 million in February, according LMC Automotive, an automotive global forecasting consultancy. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, lmc
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World’s First Electric Bentleys to be Built by Lunaz
This expanded UK manufacturing footprint forms a key pillar of a multi-phased growth strategy that will see Lunaz – it hopes – become a global leader in the EV conversions of passenger and industrial vehicles. Continue reading
Posted in aftermarket, electric vehicles, marketing
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, Lunaz Design
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First Look – February 2021 Auto Sales
Subaru of America sold 48,300 vehicle sales for February 2021, only a -6.6% decrease compared to a February sales record set in 2020 Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino
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Volvo to Only Sell EVs Online as a Pure EV Company by 2030
The strategy is focused on what appears to be the fastest-growing segment in the global car industry: the premium electric market. Volvo Cars aspires to be a leader or at least a survivor in this segment and will focus on developing electric cars only going forward. It does however face potential legal problems from current authorized dealers or dealership groups. Continue reading
Posted in electric vehicles, marketing, news analysis
Tagged auto industry commentary, autoinformed, autoinformed.com, Care by Volvo, Ken Zino
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Brazil – A Ford Motor South American Nightmare
In money-losing South America there is a governmental history of graft and corruption, economic catastrophes and failed financial and fiscal policies – among other factors at play. The brew distilling there appears to be 151-proof toxic. The outcome is a potential drunk-driving multi-car collision that will leave smoldering businesses and tragically ruined lives and careers. This is all playing out against a backdrop of a new potent Corona virus variant in Brazil and an ongoing public health disaster. Deaths have surpassed 250,000 there. It is the world’s second-highest mortality tally after the U.S. Continue reading
Daimler Truck, Volvo Group Create “cellcentric” Fuel-Cell JV
The joint venture will develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications. A key goal of Daimler Truck AG and the Volvo Group is to start with customer tests of trucks with fuel-cells in about three years and to commence series production during the second half of this decade. Continue reading
Volkswagen Will Hasten Its Transition to a Mobility Company
Its latest strategy says that ‘by turning the vehicle into a software-based product, Volkswagen is setting the scene for new, data-based business models aimed at lowering entry barriers to individual mobility while offering very attractive service packages for the customers. Volkswagen thus aims to generate additional revenue over the service life of the vehicle through charging and energy services, through software-based functions that customers can reserve as needed, or through automated driving.” Continue reading →