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Recent Posts
- May 2024 Car Sales Drop 3% in EU
- May 2024 Global Light Vehicle Sales Rate Up Slightly
- Stellantis Updates Circular Economy Initiatives at IARC
- Surprising Shifts in the 2024 American-Made Index
- Chinese Trade Wars – EU Adds High Tariffs on EV Imports
- Chinese Trade Wars – Exports Growing, Prices Dropping
- Stellantis Promise or Puff? – Clean, Safe, Affordable Mobility
- EPA 2031 CAFE – EVs, PHEVs, Hybrids Will Grow
- Porsche 2024 Annual Meeting Sweep. Dividend Doubled
- NHTSA Eases CAFE Regs For 2027-2031 Model Years
- NHTSA Fire Alert – Park Outside! 2020-2024 Kia Tellurides
- Milestones – Three Millionth Subaru Outback
- GM Annual Meeting Vote Strongly Endorses Board’s Strategy
- Toyota to Expand Huntsville Engine Plant
- US Light Vehicle Sales Strong in May
Recent Comments
- Yen Chen - Center for Automotive Research on Biden Administration Chinese Trade War Tariffs Start August 1
- Ken Zino on Ford Motor Posts Q1 2024 Net Income of $1.3 Billion
- Robert Kurnick on Penske Automotive Group 2024 Q1 Earnings Drop
- Dr. K. Venkatesh Prasad on Southern Labor Rights Boosted at VW. Daimler Next
- Janet L. Yellen on EPA Celebrates Inflation Reduction Act Anniversary
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Tag Archives: Biden Administration economic recovery
Suniva, Heliene to Make First U.S. Domestic Content Solar Cells
“With this strategic partnership Heliene and Suniva are well-positioned to rapidly scale domestic cell and module manufacturing to meet the surging demand for secure and reliable domestically made crystalline PV modules. Currently, all U.S.-made solar crystalline modules use only imported cells. This partnership will directly address that gap in the U.S. solar supply chain and help strengthen manufacturing capacity to meet increased demand for domestic products,” the companies said in a joint released timed to coincide with a visit by Secretary of the Treasury Janet L. Yellen at Suniva yesterday. Continue reading
Posted in economy, electric vehicles, electronics, energy, environment, global warming, manufacturing, milestones, news, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration economic recovery, Cristiano Amoruso, Domestic Content Bonus Investment Tax Credit, Heliene, Ken Zino, making American manufacturing great again, Martin Pochtaruk, renewable energy, Secretary of the Treasury Janet L. Yellen, solar polar, Suniva
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Bidenomics – People Spend Record $578B on New Vehicles
“December results cap off the year with a strong performance, illustrated by double-digit year-over-year sales growth and the second-highest consumer expenditure on new vehicles ever recorded for the month. Total sales of just under 15.5 million for 2023, represent a significant increase of 12.8% from 2022, when just 13.7 million vehicles were sold. What’s even more noteworthy is that consumer expenditure on new vehicles in 2023 set a record of $578 billion. This is the third consecutive year in which U.S. consumers spent more than half a trillion dollars buying new vehicles,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading
Posted in auto news, economy, marketing, news analysis, people, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration economic recovery, December 2023 US vehicle sales forecast, GlobalData, j.d power, Ken Zino, Thomas King
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What Strike? September US Vehicle Market Grows Sharply
US light vehicle (LV) sales grew by 19.7% year-on-year (YoY) in September, to 1.34 million units, according to the latest analysis by the respected GlobalData consultancy. The UAW Big Three Strike that began halfway through September has thus far had little apparent effect. However, YoY comparisons are supercharged because of a low base of weak September 2022 sales. Ironically, Labor Day sales appears to bolstered sales. Continue reading
Biden Harris Administration Announce $1B in Airport Funding to Meet Growing Travel Demand as Covid Recovery Continues
Today’s fiscal year 2023 funding is from the Airport Terminal Program, one of three aviation programs created by the Bipartisan Infrastructure Law. The law provides $1 billion annually for five years for Airport Terminal Program grants. In total, the Bipartisan Infrastructure Law provided a historic $25 billion to modernize our country’s airport infrastructure. Continue reading
Biden Administration Prevents Nationwide Rail Shutdown
Once again the President appears to have out-foxed unwitting Republican obstructionists. In response to a question about paid sick leave, he said, “As soon as I can convince our Republicans to see the light.” Thereby once again using success to highlight opposition policy failures.
Biden also took the opportunity to reiterate the economic progress the Administration continues to make after the unending disasters and corruption of the previous Republican Administration. Republicans were thumped in the mid-term elections of course. Continue reading
Auto Industry Continues to Rebound from Pandemic Lows
Cox Automotive* experts on a media call today said U.S. new-vehicle sales in Q1 will increase 5.6% year-over -year (YoY) and reach 3.8 million units. The YoY increase in Q1 sales implies that the new-vehicle market in the U.S. continues to recover slowly from the 10-year low – 13.8 million total sales – recorded in 2022. AutoInformed notes that the Biden Administration recovery continues despite the Federal Reserve’s efforts to harm the economy by keeping interest rates unduly high. Continue reading →