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Tag Archives: Ken Zino
A Closer Look at Biden’s 49 MPG CAFE Standard
The new Corporate Average Fuel Economy standards proposed by the Biden Administration# last month require an industry-wide fleet average of ~49 mpg for passenger cars and light trucks in model year 2026, the strongest fuel efficiency standards to date. On … Continue reading
Posted in customer satisfaction, electric vehicles, fuel economy or emissions, global warming, news analysis
Tagged auto industry commentary, autoinformed.com, cafe, center for automotive research, Ken Zino, nhtsa, President Biden’s Executive Order 13990, Putin’s war on Ukraine and democracies
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Mercedes-Benz USA – Stop Driving ML, GL, R-Class Vehicles
Mercedes-Benz AG has found that moisture may wick under a rubber sleeve installed around the brake booster housing. Following extended time in the field with significant water exposure, this safety defect could result in corrosion in the joint area of the brake booster housing, thus contributing to a vacuum leak at the brake booster. The brake force support might be reduced, leading to an increase in the brake pedal forces required to decelerate the vehicle and/or to a potentially increased stopping distance.In some cases it could be impossible to stop the vehicle with the brake pedal. Continue reading
CBO – Taxpayer Cost is $31B for Troubled Asset Relief Program
To AutoInformed’s knowledge not one person at the firms responsible has been successfully prosecuted for what was rampant financial fraud that caused the housing and stock markets to collapse as the ratings agencies paid by the swindlers continued to claim the complex financial instruments issued were investment grade when they were indeed junk. Junk bonds – never has a financial instrument so honestly been named. Continue reading
Nissan Posts First Annual Profit in Three Years.
“It is clear that our industry and therefore our performance was impacted by intensifying headwinds in the last fiscal year,” said chief operating officer Ashwani Gupta, warning that conditions remain uncertain to an unprecedented degree. Continue reading
Posted in financial results
Tagged Ashwani Gupta, auto industry commentary, autoinformed.com, Ken Zino, Nissan Motor
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Ford India Shelves EV Manufacturing Export Plans
In an official response as Ford’s Annual Meeting was underway in the US, Ford India’s spokesperson confirmed and said, “After careful review, we have decided to no longer pursue EV manufacturing for exports from any Indian plant.” At the Annual Meeting Bill Ford and Jim Farley fielded tough questions about its EV strategy, splitting the company into two arms and ongoing supply chain and perennial guilty problems. Ford shares are down ~40% this year. (AutoInformed: Ford Motor Blues – Q1 Loss of $3.1 Billion; Ford Motor Structure Threatens Viability. Vast Reorg Coming) Continue reading
Volta Trucks Says it Has a US Market Strategy
Volta Trucks will initially introduce a Pilot Fleet of 100 Class 7 trucks in mid-2023 that will be evaluated by US customers, starting in Los Angeles in mid-2023, with additional cities to follow, ahead of a promised roll out of production vehicles in 2024.
However, thus far Volta Trucks has built only 24 road-going ‘Design Verification’ prototypes which are currently undergoing testing in Europe. Ahead of the introduction in North America, the company expects to have already built more than 1,500 full-electric Class 7 trucks for European customers. Continue reading
Driverless Cars – People Less Positive Than You Might Assume
If you’re like most auto enthusiasts, likely you are comfortable with the progress of technology from manual chokes to feed-back carburetors to port and then direct fuel-injection. When looked at through the windshield of a sports car, electronic shifting and … Continue reading
California Clean Fuel Incentives Reward 250,000 EV Buyers
CARB and car dealers wanted a program to help support the sale of plug-in cars that involved making funds immediately available at the dealership, as opposed to other incentive programs that required applications and a waiting period to receive them. Continue reading
Renault Group, Plug Power to be at HyVolution Tradeshow
HYVIA is preparing a portfolio of three hydrogen powered light commercial vehicles: a van, a chassis cab and a city bus, with a range of up to 500 km, as well as a complete ecosystem of H2 stations, H2 production and associated services. The first vehicles are expected to be on the road from mid-2022. With a payload of up to 1000 kg, Master Chassis Cab H2-TECH is equipped with a 30-kW fuel cell, a 33-kWh battery and tanks containing 3 kg of hydrogen (2 tanks of 1.5 kg) at 700 bars. Continue reading
Transportation Unemployment Rate Below Pre-Pandemic Level
The April 2022 rate fell 3.9 percentage points from 7.5% in April 2021 and decreased close to the pre-pandemic April level of 3.7% in April 2019. Unemployment in the transportation sector reached its highest level during the COVID-19 pandemic (15.7%) in May and July 2020 under the policies of the voted-out Trump mis-administration. Continue reading
West European Car Sales Decline in April to 8.8 Million
“Supply chain bottlenecks still the key reason for the depressed level of registration statistics. The war in Ukraine, as well as lock-downs in China, will likely exacerbate supply issues, meaning vehicle sales will continue to suffer from a lack of adequate supply,” LMC said today. Continue reading
Posted in sales
Tagged acea, auto industry commentary, autoinformed.com, China lockdowns, Ken Zino, lmc automotive, Ukraine, West European sales
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SEC Charges Autonomous Vehicle Supplier NVIDIA with Shoddy Disclosures
NVIDIA is a US-based artificial intelligence (AI) computing company that is a significant automotive supplier for an important building block in a network of several individual ECUs (Electronic control units) used in automated and driverless vehicles. It goes by the name Drive Pegasus. Continue reading
BMW Group Post Q1 Earnings of €10.185 Billion
The JV has been fully consolidated since 11 February 2022, following the extension of the joint-venture agreement and the increase in shares held by BMW AG from 50% to 75%. Since this date, around 23,000 employees in China have been added to the BMW Group workforce number. The subsidiary contributed €3.287 billion to revenues from 11 February 2022 onwards. Continue reading
Restricted Sale of Genesis GV60 EV Starts Today at $60,000
The GV60 will be offered in two packages in the United States. Initially, the 2023 Genesis GV60 will only be sold at some Genesis retailers in California, Connecticut, New Jersey, and New York. It is as much a biometric information sales experiment as it is a vehicle. Customer response will be worth watching. No range numbers were in the release? Continue reading →