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Tag Archives: Ken Zino
Ford F-Series Recalls for Windshield Ejections, Wrong Labels
In a crash, the windshield may not adequately stay in place, which may increase the risk of occupant injury. Ford said it is “not aware of any accidents or injuries related to this condition.” Continue reading
Groupe Renault Posts 2020 Loss of -€8.5 Billion
The disastrous results take into account an increase of charges related to restructuring costs and impairments of almost a €1 billion. Net income of -€8,046 million (-€660 million in H2) compared to €19 million in 2019. However, a negative Automotive operational free cash flow of -€4,551 million is distressing even with a positive contribution of €1,824 million in H2. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, Renaulution
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Ford Europe is Planning on Shifting Passenger Cars to All EVs by 2030, Commercial Vehicles Will Eventually Follow
The news comes after Ford reporting, in the fourth quarter of 2020, finally, a return to profit in Europe and announced it was investing at least $22 billion globally in electrification through 2025, nearly twice the company’s previous EV investment plans. Continue reading
Ford Motor Still Ensnared in Takata Airbag Shrapnel Recall
Ford said it has identified that certain Takata airbag modules that produce life threatening shrapnel “were not purged from service stock after the parts for the permanent service fix became available.” Continue reading
Canadian GM Engineers Can Now Develop Advanced Vehicles on the CTC McLaughlin Advanced Technology Track
The 55-acre operation on the southern-end of the Oshawa Operations expands GM’s Canadian technology footprint to four sites. With campuses in Markham and Oshawa and the Kapuskasing Proving Grounds in northern Ontario, the CTC has grown to become the largest software engineering and development centre for GM outside the U.S. Continue reading
Hyundai Tweaks 2022 Kona and Kona Electric SUVs
Otherwise, the Kona EV does not incorporate any advances in EV or battery technology. Instead it has a different front fascia design. New headlamps and Daytime Running Lamps provide a different look. New lower fender sculpted vents are aerodynamically functional. In profile, a different alloy wheel design has been optimized for “efficient airflow.” Oh, there are new taillights as well. The real selling points are carryover. Continue reading
Ford – EVs Present Environmental, Human Rights Issues
Ford said this is another step Towards its desire to responsibly source all raw materials used within vehicles globally. Continue reading
Porsche SE Profit For Fiscal Year 2020 Forecast at €2.6 Billion
The group result after tax of Porsche SE is influenced significantly by its equity result from the capital stake in Volkswagen AG of currently about 31.4%, and thus by the group result after tax of Volkswagen AG. Continue reading
Census – 35% of Households Say it is Difficult to Pay Expenses
Better late than never. But for the suffering it’s small compensation for enduring a seditious President for four years who – based on his actions in office was unemployed all the while being pampered, housed, fed and subsidized – aka welfare for the rich – by taxpayers he disdains. Continue reading
Posted in economy, people
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, US Census Pulse Survey
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BMW Largest US Automotive Exporter for 7th Consecutive Year
Spartanburg experienced a production interruption due to the coronavirus pandemic. After a five-week non-production period, associates returned for one shift on May 4. With new health guidelines and procedures in place, production slowly ramped up as the supply chain stabilized and customers returned in the summer. During the last six months of the year, Plant Spartanburg produced nearly 218,000 BMWs, a record for any six-month period in the factory’s history. The plant produced 361,365 vehicles for the entire year 2020. Continue reading
Posted in manufacturing, milestones
Tagged auto industry commentary, autoinformed, autoinformed.com, BMW Manufacturing, Ken Zino
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Pandemic Negative Impact on Global Auto Industry Is Permanent. Debate is over How Bad and Who Gets Hurt
LMC says globally the Pandemic recovery is a K-shaped curve. There are winners and losers. Continue reading
General Motors Posts 2020 Earnings of $6.4 Billion. Q4 at $2.8B
GM Financial reported record full-year EBT-adjusted of $2.7 billion. GM North America posted full-year EBIT-adjusted of $9.1 billion, and EBIT-adjusted margin of 9.4%. GM International lost money at a full-year EBIT-adjusted of $(0.5) billion with China Equity Income of $0.5 billion. Cruise struggled with a full-year EBIT-adjusted loss of $(0.9) billion. Continue reading
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
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
Posted in economy, financial results, results
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, Ken Zino, Nissan Alliance
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Groupe Renault and Faurecia to Work on Hydrogen Storage
Hydrogen, of course, is central to an ongoing energy transition toward zero-emissions mobility. Fuel cell electric vehicle technology will be significant in the powertrain and vehicle mix by 2030 promoted or demanded by government regulations, taxpayer subsidies and the growing realization that Global Warming is a significant health and economic threat. Continue reading →