Tag Archives: EV Grumblings

VW Group – €2.6 Billion Exposure Over EV Plant Closing

Posted on 10 July 2024 by Ken Zino

In an ad hoc release late yesterday, the Volkswagen Group slashed its annual financial results forecast over the costs of the potential shutting down of an Audi EV plant in Brussels. In total, this will lead to a “burden on the operating result of up to €2.6 billion in the 2024 financial year.” Continue reading →

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EV Grumblings – VW ID.7 Luxury Sedan Delayed or Killed?

Posted on 22 May 2024 by Ken Zino

In a terse statement issued by Volkswagen today in Reston VA, the German automaker said that it is delaying the introduction of the ID.7 sedan in the U.S. and Canada, “as market dynamics continue to change.” Rough translation from AutoInformed: the car market in the US continues to shrink and VW has been a weak player in this segment for decades. More economic dollars and sense can be obtained promoting the ID.Buzz van due in the Fourth Quarter and marketing the already on sale 2024 ID.4 SUV. Continue reading →

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Ford Stumbles on EVs – Two Year Delays on Three-Row Entries

Posted on 4 April 2024 by Ken Zino

“There will be unexpected setbacks in the transition to EVs, but we fully expect Ford to investigate every available option to support our Oakville members. It is unacceptable, after 120 years of operation in this country, that Ford does not plan to build a single vehicle in Canada for years on end,” said Local 707 Oakville Assembly Complex Chairperson Marc Brennan. Unifor is Canada’s largest union in the private sector and represents 315,000 workers in every major area of the economy. Continue reading →

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EV Grumblings – Tire Replacement Rates?

Posted on 13 March 2024 by Ken Zino

J.D. Power said today that early data from its unpublished 2024 U.S. Original Equipment Tire Customer Satisfaction Study shows that EV tires may fall short of meeting this expectation, with a higher replacement rate in years One and Two of ownership than with internal combustion vehicle tires. (see AutoInformed: J.D. Power – Vehicle Dependability Down Again)

In what could be a stretch of a still to be verified conclusion based on a much needed larger sample size that doesn’t yet exist, Power claimed that “more than a quarter of new vehicle shoppers who are considering an EV cite reliability as a factor in this decision.” Well, duh, they might also prioritize other things such as saving the planet, eschewing fossil fuels, and charging at home. How this sorts out in a changing marketplace remains to be seen. Power did say that the gap in replacement rates appears to be closing. Continue reading →

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