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Tag Archives: Ken Zino
March 2023 Western EU Passenger Vehicle Sales at 10.9M
All of the five largest Western European countries posted strong YoY growth in registrations. However, this was largely because 2022 provides a weak base of comparison, along with some easing of supply side challenges, aiding the pace of vehicle registrations LMC noted. Continue reading
Volkswagen Recall for Bad Atlas Front-Passenger Airbags
Volkswagen Group of America is recalling more than 143,000 2018-2021 model year Atlas and 2020 Atlas Cross Sport vehicles because the passenger occupant detection system (PODS) may have a fault in the wiring and deactivate the front passenger air bag when the seat is occupied. According to the required filing, which the National Highway Traffic Safety Administration made public today, owners are advised not to use the front-passenger seat until the recall has been completed.
At this time, however, the repair that will be required is unknown by Volkswagen. The remedy is currently under development. Interim letters notifying owners of the safety risk are expected to be mailed 26 May 2023. Owners will receive a second notice once the remedy becomes available. Continue reading
Ford Motor Q1 2023 US Sales Up 10%
Ford Motor’s (NYSE: F) overall vehicle sales – Ford Blue, Ford Pro, Model e and Lincoln – totaled 475,906, up 10.% with estimated share up over a year ago, the Dearborn based automaker said this morning. Sales increased in the usual areas across Ford’s strengths, including trucks (up 19.6%); three-row SUVs (up 47.6%); Bronco brand (up 18.3%); Ford Pro Transit van (up 86%); Mustang (up 5.2%) and electric vehicles (up 41%) on a year-over-year basis, which given last year’s dismal performance increased the percentage gains markedly. Continue reading
Online Racing – Toyota Gazoo Racing 2023 GT Cup
The opening round is a race with the AE86 (Sprinter Trueno and Corolla Levin), a popular car in the Gran Turismo series, which celebrated its 25th anniversary last year. Round 3 will be a virtual version of the 24 Hours of Le Mans, which marks its 100th anniversary this year. All users who enter the event will receive a GR010 HYBRID with the 2023 livery in commemoration of the fifth year of TGR’s e-Motorsports activities. Round 4 also has a Virtual GR86/BRZ Cup to be held with round partner Subaru. Continue reading
Stellantis Simplifies European Financing and Leasing Services
“Today marks the birth of Stellantis Financial Services, a major player in European automotive financing, and of the new consolidated Leasys,” said Philippe de Rovira, Stellantis Chief Affiliates Officer. “This simplification allows for superior agility to serve our customers, better support of the commercialization across Stellantis brands**, and strengthened competitiveness by leveraging various synergies.” Continue reading
Toyota Motor North American Sales in March and Q1 Drop 9%
“With 22 electrified vehicle options between both the Toyota and Lexus brands, the most among any automaker, we’re giving customers a choice that fits their lifestyle, pocketbook and needs,” said Jack Hollis, executive vice president, sales, TMNA. “We continue to make improvements to our vehicle inventory to satisfy customer demand, while doing all we can to exceed expectations as we introduce more electrified vehicles throughout the balance of 2023,” Hollis said. He did not address the disconnect between a growing overall market and TMNA’s decline. Continue reading
Posted in economy, marketing, sales
Tagged auto industry commentary, autoinformed.com, Jack Hollis, Ken Zino, TMNA
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GM Q1 2023 US Sales Increase 18% as Trucks and SUVs Lead
General Motors Co. (NYSE: GM) and its dealers delivered 603,208 vehicles during Q1 in the US. This is an 18% increase during the first quarter of 2023 compared year-over-year. GM also estimated that its market share increased by 1.5 percentage points, which would be the largest increase of any automaker. Complete competitive data won’t be available until later this week. GM sold 270,376 full-size and mid-size pickup trucks and full-size SUVs during Q1. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, GM US sales q1 2023, Ken Zino, Steve Carlisle
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Annals of EV Marketing – GMC and EarthCruiser
GMC claims that by working with EarthCruiser’s research and design division, and informed by its extensive experience in the field, GMC will produce a next-generation “upfit for electric vehicles that will be integrated onto the HUMMER EV Pickup.” In short here comes more premium-priced trucks. Continue reading
EPA Approves New California Heavy-Duty Emissions Standards
In this latest victory for environmentalists, CARB requested two waivers for regulations relating to heavy duty vehicles and diesel engines. After reviewing the technical information provided by CARB, reviewing comments submitted by the public, and applying the limited authority for review under section 209 of the Clean Air Act, EPA said it was “appropriate” to grant the waiver and authorization requests. Continue reading
Chinese Vehicle Sales Still Slumping
However, the cumulative LV production from January to February in the world’s largest market, fell by -14% YoY. At the component level, passenger vehicle production in February increased by 12% YoY while cumulative PV production to February decreased by 14% YoY, the same as the decrease in LV overall. Light Commercial Vehicle output at 255,000 was up 9% YoY. but down by -17% YTD. The February selling rate was 21 million units/year, down 11% from a weak January, and the lowest rate since the Shanghai lockdown of April 2022. In YoY terms, however, sales (i.e., wholesales) increased by 14.3% against a low base, due to the timing of the Chinese New Year, said LMC. Continue reading
Ford Collaborates with Chinese Huayou on EV Battery Nickel
“This framework gives Ford direct control to source the nickel we need – in one of the industry’s lowest-cost ways – and allows us to ensure the nickel is mined in line with our company’s sustainability targets, setting the right ESG standards as we scale,” said Lisa Drake, vice president for Ford Model e EV industrialization. “Working this way puts Ford in a position to help make EVs more accessible for millions and to do it in a way that helps better protect people and the planet,” claimed Drake. Unmentioned by Drake is that Vale is conducting research in bio-leaching, which eliminates acid for leaching metals from ore by using bacteria to convert the metals such as nickel into a soluble form. Continue reading
Friends, Families Can Change Distracted Driving Behaviors
“It may come as a surprise, but many drivers still don’t realize how dangerous it is to check a text message or glance at their Instagram feed while they’re zipping along the road,” said IIHS Research Associate Aimee Cox, the lead author of the study. Continue reading
GM Defense Gets US Army OK for Infantry Squad Vehicle
“We do not anticipate changes in production volume through September 2023,” said a GM Defense spokesperson. “Achieving full rate production affirms the engineering and manufacturing processes that support the Infantry Squad Vehicle are meeting our U.S. Army customer needs and that production can be scaled to meet increased demand in the future. This important milestone adds credibility to the ISV program and validates our continued efforts to successfully deliver advanced commercial technologies to soldiers.” Continue reading →