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Tag Archives: Ken Zino
Mixed Signals in October US Transportation Employment
The unemployment rate* in the U.S. transportation sector was 4.8% (not seasonally adjusted) in October 2023 according to Bureau of Labor Statistics (BLS). In October 2023, the transportation sector unemployment rate rose 1.1 percentage points from 3.7% in October 2022 and was above the pre-pandemic October 2019 level of 2.7% but still below the October 2020 and October 2021 rates. Unemployment in the transportation sector reached its highest level during the COVID-19 pandemic (15.7%) in May 2020 and July 2020. Continue reading
China Vehicle Dependability Same in 2023 as 2022
“Although manufacturers regard quality above everything else, some do not pay enough attention to quality after the warranty period,” said Elvis Yang, general manager of auto product practice at J.D. Power China. “However, such problems directly affect owners’ concerns about the long-term dependability and durable quality of their vehicle. Manufacturers need to pay more attention to long-term quality and improve quality management standards.” Continue reading
New Mustang For 2024 NASCAR Cup Series Shown
Based on the seventh-generation Mustang, this Dark Horse version means that starting in 2024, Mustang will be eligible to race on six continents. Continue reading
Posted in marketing, performance, racing
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Brad Keselowski, Chase Briscoe, chevrolet camaro, Clash at the Coliseum, Ken Zino, Mark Rushbrook, NASCAR Cup Series Mustang Dark Horse, Roush Fenway Keselowski Racing, Stewart-Haas, Toyota TRD Camry
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Toyota Posts FY2024 Q2 Net Income of $18.4 Billion
“We are grateful for the support of many stakeholders, from production to logistics, sales, and services, including suppliers. As a result of selling each car meticulously at prices that match the product appeal refined through Toyota’s ‘making ever-better cars’ initiative, operating income increased from the same period of the previous fiscal year,” Toyota said. Continue reading
Posted in auto news, blog, financial results, manufacturing, marketing, mobility company, news analysis, results
Tagged 7203 Prime of the Tokyo Stock Exchange, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Toyota Motor FY 2024 Q2
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Chinese Vehicle Market Sales Strong in September
“We expect sales to remain strong in the coming years. This month we have again increased our full-year 2023 forecast, this time by 300,000 units, bringing the full-year forecast to 28.9 million units, a year- on-year increase of 8%. However, it should be noted that near-term downside risks exist, mainly from the liquidity crisis in the real estate sector – said to directly and indirectly account for 25% of GDP- declining exports, and high youth unemployment,” said the GlobalData Forecast Team. Continue reading
Urban Automotive Custom Rolls-Royce Ghost at SEMA
Urban Automotive, a customizer of luxury automotive brands, showed its Rolls-Royce Ghost on Milltek Corporation stand at SEMA 2023. It has carbon fiber styling “upgrades, now distributed in the USA officially and exclusively by Milltek as Urban Automotive USA.” Continue reading
BMW Recalls 2023-24 Driver Assist Systems
BMW of North America is recalling 2023-2024 740i, 740i xDrive, 760i xDrive, i7 eDrive50, i7 xDrive60, i7 M70, 2024 750e xDrive, 530i, 530i xDrive, i5 eDrive40, and i5 M60 vehicles. During assembly by the supplier Autoliv Romania the ground connection to the steering wheel may not have been attached according to specifications. This could affect the functionality of the hands-on detection system due to the possibility of misreading the electrical capacitance in that location, which means the emergency braking mode of the driver assist system won’t work. Continue reading
Ford Performance Parts, Packages – Mustang, Bronco, Ranger
Ford Performance Parts (NYSE: F) is showing what it calls “concept packages” today at the SEMA Show that will be available to customers starting in 2024. They were created in response to customer feedback, Ford said. The packages will be available via the Ford Performance Parts website or through a dealer accessory counter. Pricing for each package will be revealed nearer each package’s on-sale date, while either a Ford dealer or ASE-certified shop can perform the installation. Continue reading
Posted in aftermarket, concept, design and styling, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ford Mustang FP800S, Ford North America Vehicle Personalization, Ford Performance Street Packages, Ken Zino, Mark Wilson, sema, vinyl wraps
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Stellantis Posts Q3 Sales Up 37%. Pre-Tax Profit €3B
Stellantis* today posted a pre-tax operating profit of €3 billion. The company that is partly comprised of Jeep, Dodge Jeep and Ram said the strikes cost it around €750 million. However the strikes – characterized as “work stoppages”- resulted in … Continue reading
Posted in economy, financial results, manufacturing, marketing, news analysis, results
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, chrysler, Controlled Thermal Resources, Dodge Fiat, fca, Jeep and Ram, Ken Zino, Natalie Knight, Stellantis Q3 2023 results, STLA
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Unifor Stellantis Agreement Good for All Workers in Transition
“After a short strike throughout the night Unifor has reached now a tentative agreement with Stellantis. The deal came about around 7:00 AM this morning, after bargaining throughout the night. And yes, as you can tell all of those here are tired, but also very, very proud of the work that we’ve done for Canadian auto workers. ” said Unifor National President Lana Payne said late this afternoon at a hotel in Toronto. Continue reading
Posted in auto news, AutoInformed Editorial, customer satisfaction, economy, environment, labor issues, manufacturing, milestones, mobility company, news analysis, people, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, economy, James Stewart, Ken Zino, labor issues, Lana Payne, manufacturing, milestones, Mobility Company, news analysis, Unifor Stellantis 2023 contract agreement.
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Unifor and Stellantis Have Tentative Contract in Canada
“I am proud of our members at every Stellantis facility for their quick and decisive action during this brief and effective strike action,” said Unifor National President Lana Payne. “This agreement will considerably improve the living standards of every Unifor member at Stellantis.” Continue reading
Voters Blame Oil and Gas Companies for High Energy Prices
New polling from Data for Progress, Climate Power, and Fossil Free Media finds that voters strongly blame high energy prices on large oil companies and their CEOs.* They think, and believe these companies have too much power in government. Yet, voters remain optimistic about a transition away from fossil fuels and toward clean energy. This shall we say “awakened attitude” should be a warning to the fossil fuel dependent Republican party since it is bipartisan. Continue reading →