Tag Archives: COVID-19

US Scheduled Airline Passengers Up Under Biden

During 2019, the last full calendar year before the onset of COVID-19 and the botched Trump Administration non- or anti-response, domestic flights accounted for 88% of all passengers, and international flights accounted for 12%. During 2021, domestic flights accounted for 91% of all passengers, and international flights accounted for 9%. Continue reading

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Stellantis to Repay Early €6.3B Fiat Credit Facility

The credit facility, entered into in June 2020, was structured to support the restart and “transformation of Italy’s automotive sector” after the COVID-19 outbreak rocked the automotive world and its establishment. Continue reading

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Ford DIY COVID-19 Air Filtration Kit?

The study found that box fan air cleaners like this can serve as an effective low-cost alternative for mitigating airborne transmission risks in poorly ventilated spaces. In addition to the peer-reviewed article, research conducted by Well Living Lab, founded as a collaboration between Delos and Mayo Clinic, found similar air purifiers were effective at improving air quality in poorly ventilated areas. Continue reading

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Census Bureau – 26% of Adults Struggle on Expenses

Of  pressing concern –  adults living in households not current on rent or mortgage, 30.6% report eviction or foreclosure in the next two months is somewhat or very likely. Continue reading

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Herd Immunity? Toyota Motor Reports $9.87 Billion Q3 FY 2021 Profit. Ups Forecast by +54%

Toyota Motor, the world’s largest automaker posted a $9.87 billion Q3 FY Profit compared to $9.45b during the same period one year ago, in what appears to be Toyota herd immunity from the Covid-19 virus and variants that are killing other automakers. As a result of the strong showing upholding Akio Toyota’s vow to remain profitable despite the ongoing Global Pandemic, Toyota increase its yearly forecast by 54%. Toyota now predicts a record operating profit $19.13 billion (¥2 trillion), surpassing an earlier projection of ¥1.3 trillion. Continue reading

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Nissan Losses ¥37.8 Billion in Q3. Alliance Still Shaky

As for the unstable Alliance post-Ghosn, “Nissan’s results during the Q3 of fiscal year 2020/2021 (October 1st to December 31st 2020), after IFRS restatements, will have a negative contribution to Renault’s Q4 2020 net income estimated at – €123 million,” Renault said in a separate release. Continue reading

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BMW Says It’s Solvent, Marginally Profitable During 2020

The positive operating result of the Automotive segment in the fourth quarter is partially due to “better than expected re-marketing results in the pre-owned car market.” This of course has a positive effect in the Financial Services segment, leading to a Return on Equity for the segment which is only slightly down on prior year as opposed to a moderate decline as indicated in the current outlook. However, the EBIT margin in the Automotive Segment for the full year 2020 is at the “upper end of the 0 – 3% corridor.” The Group EBT remains within the outlook and in line with market expectations. Continue reading

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November EU Commercial Vehicle Sales Flat. YTD -20%

Year-to-date reflects the ongoing Covid catastrophe. Sales at 1.5 million units  were down -20.3% 11 months into 2020. All EU27 markets – including the four major ones – have recorded double-digit declines so far in 2020, although less steep than in the preceding months: Spain (-28.4%), France (-18.4%), Germany (-16.3%) and Italy (-15.6%). Continue reading

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