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Tag Archives: autoinformed
Federal Reserve President on Do Nothing Republicans – The Economy Goes Where The Virus Goes
“Fiscal support is really critical. When Congress came out with the CARES Act, we saw immediately how that cushioned households and small businesses and helped them get through the virus. The virus is still with us, so more is needed. … If we don’t get that, then this is a mini fiscal cliff, maybe even a major fiscal cliff… Continue reading
Safran Won’t Deal with Black Women in Mississippi
Workers United has bargained with Safran since September for a new agreement. Negotiations broke down when the employer refused to accept pay increases for the coming three years and insisted that they would be able to use any criteria to lay-off or recall workers. Safran already has the right to lay-off and recall employees in tiers of most efficient workers and least efficient workers. Continue reading
Nürburgring – Mercedes-AMG GT 63 S Beats Porsche
This variant and this lap time are officially listed by Nürburgring GmbH on their homepage. Mercedes-AMG has regained the crown in the class for the moment. The freshened Porsche Panamera Turbo S set a 7m 29.81s earlier this year, bettering the 7m 30.11s lap Schaffert set a couple of years ago. The AMG record run footage shows a mostly clean, albeit with some curb clipping/banging and the Michelin tires screaming during turns. Continue reading
SMMT – Final Plea for Zero-Tariff Trade Deal As Brexit Negotiations Near End
However, significant gaps in the industry’s ability to plan still exist, with a lack of clarity on the nature of the UK-EU’s future relationship hampering the efforts of almost nine in 10 (86%) firms to prepare. A disastrous ‘no deal’ outcome, or failure to achieve workable deal for auto, would mean £47 billion hit to UK sector over next five years – on top of ongoing coronavirus crisis costs, the auto industry claims. Ah, such is the price of blind ideologies who ignore real consequences, economists and political scientists. Continue reading
General Motors to Add 3000 New Jobs to Advance Virtual Testing and Software Skills
“As we evolve and expand our software expertise and services, it’s important that we continue to recruit and add diverse talent,” said GM President Mark Reuss. “This will clearly show that we’re committed to further developing the software we need to lead in EVs, enhance the customer experience and become a software expertise-driven workforce.” Continue reading
Kansas City to Assemble All-Electric Ford E-Transit
It’s ironic that the transition to a carbon-free economy and the jobs it is now creating in the US auto industry comes in part because of the ousted Trump Administration’s anti-environmental policies that are at odds with a global trend toward healing the earth that is being reinforced by regulators. Ford spends more than $5 billion annually on engineering in America, which includes the development of the all-new, fully electric Transit, the F-150, and the all-new Mustang Mach-E. Continue reading
2022 Bolt EV Has More Info on EV Power Flow Screen. What It Needs is Less Price
The Bolt EUV will be the first electric vehicle from Chevrolet to offer Super Cruise2, the industry’s first true hands-free driver assistance system for divided and compatible highways. The refreshed Bolt EV and the Bolt EUV will go into production in summer 2021. Continue reading
Posted in alternative fuels, auto news, connected vehicles, electric vehicles, electronics, engineering, global warming, marketing, mobility company, news analysis, software defined vehicles
Tagged 2022 Bolt, auto industry commentary, autoinformed, autoinformed.com, bolt ev, Ken Zino
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Debt to Watch as Covid Spreads – New FCA Bank Notes
AutoInformed thinks it too reflects the uncertainty in global economies as Central Banks – led by what some say is a printing-press happy US Treasury – have pushed interest rates on government debt to virtually zero. Continue reading
FAW J7+ Autonomous Truck Passes Chinese Certification
China with its own vast market and a Communist central government that can quickly decree and implement policy – think Covid response or Trump’s defeat in the trade war he started – would seem to have an advantage here. It is lucky for western automakers that Chinese industrial policy allowed them to operate there but only with local partners. How the pie is sliced outside of China when and if the exports become voluminous will be subject to much behind the scenes maneuvering and uncomfortable board meetings Continue reading
Maserati Notes Tipo 300s Win at Venezuela Grand Prix
On 6 November 1955 the Maserati Tipo 300S, with Juan Manuel Fangio at the wheel, won the Venezuela GP, marking the start of two years of major successes. Today, Maserati notes this victory to underline its strong connection to the world of motor-racing whose viewership is off roughly 40% in a Covid infested world. Nonetheless, Maserati was born on the track with a tradition and history of wins on roads and circuits all over the world. What happens going forward is anyone’s guess. The new MC20 supercar will mark Maserati’s return to the world of racing. Continue reading
Toyota Sustaining Some Profits During FY 2021 Covid Crisis
In Japan this morning Toyota Motor said that during the first half of Fiscal Year 2021* during the Covid Crisis that profits were maintained even though sales, operating income and margins dropped drastically. Furthermore a special dividend would be declared that appears risky given the ongoing spread and re-emergence of Covid in most of its major markets. Continue reading
GM Earns $5.3B in Q3 – Trucks, China Help
General Motors Co. (NYSE: GM) today reported Q3 earnings helped by China and North American Sales of truck and SUVs despite the COVID-19 pandemic. Specifically, GM launched an all-new portfolio of full-size Chevrolet, GMC and Cadillac sport utility vehicles, and maintained its leading U.S. full-size pickup truck and large SUV market share. Continue reading
Posted in economy, financial results, results
Tagged auto industry commentary, autoinformed, autoinformed.com, GM Earnings Q3, Ken Zino
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California AG, CARB File Motion To Shield LA Area Communities From Port of Los Angeles China Shipping Terminal Air Pollution
In 2008, the Port of Los Angeles certified an EIR that imposed feasible air quality mitigation measures to reduce the China Shipping Terminal’s anticipated adverse air quality impacts, including those on nearby communities. However, six of those measures were never implemented, exposing communities to harmful air quality impacts that should have been reduced by the mitigation measures included in the 2008 EIR. Continue reading
Covid Casualties – Consumers Forcing Digital Auto Financing as Trump Sulks and Virus Continues to Spread
It’s just another example of how the ongoing Covid crisis will change well-established business practices in the auto industry. Auto dealers, who tend to be Republican in AutoInformed’s experience, can thank the ousted -ex-president Trump for this very real threat to their profitability. Wearing a mask won’t help the spread of this change as Covid continues to expand unabated due to the lack of a national policy – one that won’t be forthcoming until January 20th 2021. Continue reading →