Tag Archives: Automotive news and analysis

BMW i Ventures Buys into Phoenix Tailings

Posted on 30 December 2024 by Ken Zino

BMW i Ventures announced today an investment in Phoenix Tailings, a inventive metals production company dedicated to creating a zero-waste, zero-emission future. The Series B financing, which was led by Envisioning Partners and included additional participation from Yamaha Motor Ventures and Escape Velocity, will enable Phoenix Tailings to scale its rare earth processing operations to produce ~200 tons of rare earth metals annually. The output can be used in electric motor magnet , batteries, semiconductors – among other applications.

Phoenix Tailings says it was “founded in Cambridge, Massachusetts  to transform how critical metals are produced – metals essential to the technologies that power modern society.” The nascent firm was heavily subsided by U.S. taxpayers via the United States Departments of Energy and Defense, as well as the State of Massachusetts. With the monies, Phoenix Tailings secured initial off-take agreements, validated its technology to process mining waste, and hired a team of workers to make the metals. Continue reading →

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Kia Recalls 2024-2025 model year EV9s

Posted on 30 December 2024 by Ken Zino

“Seats with missing seat mounting bolts may not properly restrain an occupant during certain collisions, thereby increasing the risk of injury,” Kia told NHTSA. “Missing seat mounting bolts are due to plant assembly worker error.” Continue reading →

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Another Ford F-150 Safety Recall – Steering Loss

Posted on 30 December 2024 by Ken Zino

The driver may experience vehicle vibration and hear a clunk or rattle noise during suspension compression and extension. Continue reading →

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Hyundai Claims EV Altitude Change Record

Posted on 26 December 2024 by Ken Zino

Hyundai Motor Company said today that an IONIQ 5 recorded a record-breaking total elevation change of 5802 meters over a +4900 km run across India. The publicity route began in Umling La in Ladakh, through steep Himalaya mountain passes, to the finish in the coastal region of Kuttanad, Kerala. (Read AutoInformed.com on: Hyundai Revises Ioniq EV for 2022 with New Platform) Continue reading →

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Annals of Marketing – Honda Prelude Returns as Hybrid

Posted on 26 December 2024 by Ken Zino

Honda has announced that an all-new hybrid-electric Prelude* sports coupe will be re-introduced to the U.S. market late next year, presumably as a 2026 model. The first prelude appeared in November 1978. This new one will debut Honda S+ Shift, … Continue reading →

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Greetings from the White House Diplomatic Reception Room

Posted on 25 December 2024 by Ken Zino

“The holidays have always held a special place in our hearts, and we’ve loved opening the doors of the People’s House wider and wider each year, continuing the spirit of goodwill and gratitude. America’s story is your story, and we hope you feel at home here,” said the President Joe Biden and First Lady Jill Biden. Continue reading →

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Ram ProMaster Diesel Engines – CARB Fines FCA $4.2M

Posted on 24 December 2024 by Ken Zino

The California Air Resources Board (CARB) said this week it has reached a settlement agreement with FCA US LLC (FCA) of Auburn Hills, Mich., for $4,185,820 for violations of CARB’s air quality regulations. The FCA vehicles concerned include model year (MY) 2014 through 2016 Ram ProMaster 1500, 2500 and 3500 vehicles equipped with 3-liter inline-4 diesel engines.*

“CARB’s robust compliance testing ensures that auto manufacturers sell the exact vehicles that received certification for sale within California, without alterations made to skirt the state’s regulations and release excess emissions that harm air quality and public health,” said CARB Executive Officer Dr. Steven Cliff. Continue reading →

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Volkswagen Settles – Union Jobs Safe Until 2030

Posted on 24 December 2024 by Ken Zino

Volkswagen AG (VOW.F) and its IG Metall* and Works Council employee representatives for Passenger Cars, Commercial Vehicles and Group Components as well as its Audi and other brands have concluded a joint agreement – dubbed ‘Zukunft Volkswagen’ (Future) – that guarantees jobs as it reduces production capacities at Volkswagen AG’s German locations. Ultimately, but not now, the workforce will be cut by more than 35,000 at Volkswagen’s German locations by 2030. This includes a newly formulated “job security plan” through to 2030 at the troubled automaker.

“Cost savings for Volkswagen AG of more than €15 billion per year in the medium term,” VW said. “Of this, over €4 billion per year will come from the present negotiations on labor costs, structural and production measures and plant utilization. Labor cost effects alone amount to €1.5 billion per year.” However, the capital markets remain skeptical taking a wait and see attitude about VW’s ability to compete with higher quality and less expensive brands. AutoInformed notes that this is a five-year bet on the come line or the promise that material cost savings will be secured. VW stock closed yesterday at €88.85. A year ago on 23 December it was €93.95. Continue reading →

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GAC Honda Automobile Plant Starts Making EVs

Posted on 23 December 2024 by Ken Zino

Honda Motor (China) Investment Co., a wholly-owned Honda subsidiary in China, announced today that GAC Honda Automobile Co., Ltd. (GAC Honda), a Honda automobile production and sales joint venture in China, began operation of its newly-constructed plant for new energy vehicle (NEV) production, named the Development District NEV Factory. The new factory is located in the Guangzhou Economic and Technological Development District in Guangzhou City, Guangdong Province, China. Under communist Chinese industrial policy 50% of the JV is owned by GAC.

The latest NEV production plant has state of the art production equipment to achieve a highly efficient, smart, and low-carbon production system. The stamping and welding processes completely eliminated logistics personnel by automating parts logistics. AI-based welding strength inspection was adopted for the first time at any Honda plant. In the assembly process, approximately 30% of the entire process is automated to achieve a highly efficient production line. Continue reading →

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Hyundai to Give Free NACS DC EV Adapters

Posted on 23 December 2024 by Ken Zino

Starting in the first quarter of 2025, current and new Hyundai EV owners* who have purchased or leased their vehicle on or before 31 January  2025 will be able to request a free NACS adapter (shipping included) through the MyHyundai owner portal, the Korean company said today. The 2025 Hyundai IONIQ 5 is the first non-Tesla vehicle on sale to have a factory-installed native NACS port. [footnote 1] Adapters will also be available for purchase through Hyundai authorized dealers. Continue reading →

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Nissan and Honda Sign Integration MOU!

Posted on 23 December 2024 by Ken Zino

Nissan Motor Co. ((7201T. NSANY ADR) and Honda Motor Co. (NYS: HMC) have signed a memorandum of understanding (MOU) to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company. In effect this will be the merger of the two companies with Honda as the stronger member so to speak given Nissan’s perilous operating results. It also raises questions about the continuance of Honda’s business ventures with General Motors.* What it does potentially do is create the world’s third largest automaker with potential annual sales of ~8-9 million, behind Toyota and struggling Volkswagen.

AutoInformed opines that as with all such complex multi-national corporate mergers, the details at the outset and more importantly in the final agreements and their implementation are key to its success. Given the twists and turns of the road and diverse corporate cultures of the participants – where there are no balance sheet entries – this is an endurance race that makes the 24 hours of Le Mans look like a 30-second TV spot. It also likely makes the venture subject to US SEC regulations, including form 4F and forward looking statements. Continue reading →

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2025 Corvette ZR1 – 2.3 Seconds 0-60 MPH

Posted on 20 December 2024 by Ken Zino

The 2025 Chevrolet Corvette ZR1 is the fastest car ever built by an American auto manufacturer. At a test track in Germany in October 2024, General Motors (NYSE: GM) President Mark Reuss drove a 2025 Corvette ZR1 233 mph, setting a top speed record for any current production car priced under $1 million.* The Corvette team set this two-way average speed on the northbound and southbound straightaways of the High-Speed Oval Track at ATP Automotive Testing Papenburg. Now building on the marketing campaign, Chevy said this week that a 2025 Corvette ZR1 with 1064 horsepower is the quickest Corvette ever, achieving 0-60 mph in 2.3 seconds with the optional ZTK Performance Package. The 2025 Chevrolet Corvette ZR1 is the fastest car ever built by an American auto manufacturer. At a test track in Germany in October 2024, General Motors (NYSE: GM) President Mark Reuss drove a 2025 Corvette ZR1 233 mph, setting a top speed record for any current production car priced under $1 million. Now building on the marketing campaign, Chevy said this week that The 2025 Corvette ZR1 with 1064 horsepower is the quickest Corvette ever, achieving 0-60 mph in 2.3 seconds with the optional ZTK Performance Package. Clearly waiting is the next event – a Nürburgring run, AutoInformed opines.* Continue reading →

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EU Car Sales Weak Again in November

Posted on 20 December 2024 by Ken Zino

During November 2024, new EU car registrations fell by 1.9%. France led with a sharp 12.7% decline, followed by Italy (-10.8%), while the German market (0.5%). stagnated slightly [read AutoInformed on November Western European Car Sales Up]* Among the four most significant EU markets, only Spain recorded positive growth (6.4%), according to data from the European Automobile Manufacturers’ Association, aka ACEA derived from its French name.**

“Eleven months into 2024, new car registrations remained stable (+0.4%), reaching 9.7 million units. While the market in Spain performed positively (+5.1%), declines were witnessed in France (-3.7%), Germany (-0.4%), and Italy (-0.2%),” ACEA said in its monthly sales release. Continue reading →

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Supply Chain Resilience – U.S. DOT Four-Year Review

Posted on 19 December 2024 by Ken Zino

The U.S. Department of Transportation (DOT) today released a four-year review of the Supply Chains for the Transportation Industrial Base– a new assessment of progress made strengthening supply chains. It’s part of the White House Council on Supply Chain Resilience, which when t was established in January 2021 saw America’s supply chains in poor shape from the COVID-19 pandemic and decades of under-investment.

“In less than four years, we’ve gone from supply chain disruptions unlike anything we’ve seen in peacetime, to much higher levels of resiliency and reliability. That work has helped make it possible to move record levels of cargo in and out of the U.S., bring shipping costs down, and ensure essential goods arrive on time,” said U.S. Transportation Secretary Pete Buttigieg. Continue reading →

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CarMax FY Q3 Net Profit Up 1.2%

Posted on 19 December 2024 by Ken Zino

CarMax (NYSE: KMX) today reported results for the third quarter ended November 30, 2024. Total gross profit of $677.6 million increased  by 10.6% year-over-year (YoY) because of higher volumes and margins. Gross profit per retail used unit was $2306, in line with the prior year’s Q3. Gross profit per wholesale unit  was $1015, up $54 per unit. Extended Protection Plans (EPP) margin per retail unit of $573, was an increase of $53.

“I am pleased with the positive momentum that we are driving across our diversified business model. Our solid execution and a more stable environment for vehicle valuations enabled us to deliver robust EPS growth driven by increases in unit sales and buys, solid margins, growth in CAF income, and ongoing management of SG&A,” said Bill Nash, president and chief executive officer. Continue reading →

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