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Tag Archives: Ken Zino
March European Sales Plummet – Supply, Pandemic, War
“Our forecast has been trimmed since last month as registration statistics continue to languish in the face of supply bottlenecks, these exacerbated due to the war. We still anticipate selling rates to improve over the course of 2022 but now at a slower rate than forecast last month. The war will chip away at underlying demand as well, through higher-for-longer inflation and lower real incomes, though our view is that the initial impact on registrations will be felt through a worsening of supply constraints, as, at least for now, demand is still outstripping supply,” LMC said. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive
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BTS – Aviation Fuel Cost at 7-Year High
At $2.60, the cost per gallon of fuel in February was the highest since October 2014’s $2.68. Also noteworthy in February 2022 was the 55.8% year-over-year increase in fuel consumption on domestic flights, reflecting an increase in domestic air travel from last February. Combined with the 60.9% year-over-year cost per gallon increase, the increase in fuel consumption resulted in a year-over-year domestic fuel cost increase of 150% ($1.27 billion). Continue reading
Porsche Buys into eFuels via HIF Global
The sports car and SUV manufacturer initially plans to use the eFuel from Chile in motorsport projects. In the future, it is also conceivable that they will be used to fuel the company’s own vehicles with combustion engines during initial fueling at the factory, and at Porsche Experience Centers.
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Posted in alternative fuels
Tagged auto industry commentary, autoinformed.com, eFuels, HIF Global, Ken Zino, Michael Steiner
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EPA: Bans Asbestos – First Under Chemical Safety Act
The proposed rule would ban chrysotile asbestos, the only known form of asbestos that’s currently imported into the U.S., which is found in products such as asbestos diaphragms, sheet gaskets, brake blocks, aftermarket automotive brakes/linings, other vehicle friction products, and other gaskets also imported into the U.S. Most consumer products that historically contained chrysotile asbestos have been discontinued. Continue reading
GM, Honda to Develop New EVs for Sale in 2027
The business justification for the expansion of GM Honda collaboration has increased in urgency since yesterday’s release of the latest UN report on Greenhouse Gases. It said that greenhouse gas emissions must peak by 2025 at the latest, and then drop by more than 40% by the end of the decade to limit global temperature rise to 1.5 degrees Celsius compared to pre-industrial levels. Continue reading
EPA Fines Iowa, Missouri Sellers of Auto ‘Defeat Devices’
The U.S. Environmental Protection Agency said today it will collect civil penalties from two companies that allegedly sold illegal “defeat devices” that are designed to make automobile emission controls inoperative, in violation of the federal Clean Air Act. Baillie Diesel … Continue reading
Ford Motor Q1 and March Sales off -17% and -26%. Cars Dying
“While the global semiconductor chip shortage continues to create challenges, we saw improvement in March sales, as in-transit inventory improved 74% over February,” said Andrew Frick, vice president, Sales, Distribution & Trucks. “Our newest products continue to turn at a record pace, as Bronco (truck), Bronco Sport (truck), Mustang Mach-E (EV) and Maverick (truck) had their best combined sales performance yet, with 33,398 vehicles sold.” Doing the math, this doesn’t come close to the ~89,000 deficit in sales. No wonder here that Ford no longer does sales calls for media. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Ford US sales declines, Ken Zino
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Jeep Slowly Killing Diesel and Petrol Engines in France
“The electrification of our ranges is no longer an option, it is obvious dictated jointly by supply and demand,” said Guillaume de Boudemange, director of Jeep in France. Continue reading
Hertz, Polestar Announce Global EV Partnership
Hertz (NASDAQ: HTZ) and Polestar, a Swedish electric performance car maker, today announced a new global partnership that includes purchasing up to 65,000 electric vehicles (EVs) over five years. Availability is expected to begin in Spring 2022 in Europe and … Continue reading
Posted in electric vehicles, marketing
Tagged auto industry commentary, autoinformed.com, Ken Zino, Polestar EVs
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Stellantis Consolidates Financial Services for All Brands
All these are supporting Stellantis’ desire to develop a full-service captive finance arm. To provide customers, dealers and partners with a complete range of financing options in the near-to-medium term, including retail loans, leases, and floorplan financing. Continue reading
NA Q1 Light Vehicle Sales Rate at 14.1M, -2.7M YoY
According to GM Chief Economist Elaine Buckberg, industry light vehicle volumes will grow this year and top 2021 levels, thanks to a strong labor market, higher vehicle production and pent-up demand. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Q1 2022 US and North America Sales.
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Uwe Pichler-Necek Next MD of Porsche Engineering China
The move in the totalitarian state comes as German automakers are scrambling to adopt to the disruptions caused by Russian totalitarian Vladimir Putin’s war against Ukraine rages on slaughtering civilians. German automakers are bearing the direct brunt of this war and scrambling to adjust to production and supply disruptions. Continue reading
Mission Impossible to Ignore – Almost All SUVs Struggle in First IIHS Seat-Belt Reminder Ratings
Federal motor vehicles safety standards say that seat belt reminders must include an audible signal that lasts for 4-8 seconds total and a visual alert that lasts at least 60 seconds whenever the driver’s seat belt is unbuckled. Almost half of the drivers and front-seat passengers killed in crashes in 2019 weren’t belted. Continue reading
Ford Issues 2022 Integrated Sustainability and Financial Report
The problem with all such reports is that saying something doesn’t mean that other areas of the company are actually supporting the stated goals. “Combining sustainability and financial performance in a single report,” Ford said, “is significant.” Well, given this, Ford has actively opposed attempts by stockholders at the last few annual meetings to reveal its PAC contributions. Is Ford dispensing shareholder money to politicians or companies that are actively opposed to its stated goals? Given the vast complexity of Ford’s, Democracies’ and the globe’s survival threats, it’s a key measurable in AutoInformed’s view. Continue reading
‘Entry Level’ Mercedes-AMG SL 43 4-Cylinder?
The SL 43 is a 2+2-seater with fabric soft top and, ahem, a 2-liter inline four-cylinder gasoline engine rated at a combined fuel consumption 9.4-8.9 l/100 km with combined CO2 emissions of 214-201 g/km. In the new SL 43, materials used include aluminum, magnesium, fiber composites and steel, from which the windscreen frame is made, for example. This serves as roll-over protection in conjunction with the roll bar system behind the rear seats, which pops up when needed. Continue reading →