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Tag Archives: Kenneth Zino
EU Passenger Car Sales: -25.6% Q1 2020; -55.1% in March
With containment / lock-down measures taking hold in most markets from around the middle of the month, the vast majority of European dealerships were closed during the second half of March. Consequently, demand across the region fell by more than half last month, dropping from 1,264,569 units registered in March 2019 to 567,308 units. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, COVID-19 Depression, Kenneth Zino, Q1 2020 EU Sales
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TravelCenters of America Lays Off More than 3000
Most were involved in the restaurants at the truck stops. All furloughed employees currently enrolled in TA’s benefits programs will continue to be eligible for health care coverage based on their plan. Continue reading
Groupe Renault Reveals A New Strategy for China
Renault will continue to provide aftersales service for its 300,000 customers through Renault dealers, and also through Alliance synergies. Further development for Renault brand passenger cars will be detailed later within a new mid-term-plan from Renault. Continue reading
Ferrari Official Channel via Motorsport Network
Race and sporting coverage include Competizioni GT, F1 Clienti, XX Programs and Ferrari Challenge (Europe, North America, Asia Pacific and UK) as well as video content on the road car range. There is also a focus on Ferrari’s participation in WEC, Le Mans 24 hours and Blancpain GT series. Continue reading
Ford Motor Q1 Prelim Results Hint at COVID-19 Illiquidity
Ford’s Q1 vehicle wholesales were down 21% from a year ago, largely as a result of lower production and demand related to the coronavirus. Ford currently expects to report revenue of about $34 billion and first-quarter adjusted losses before interest and taxes of about negative -$0.6 billion, which excludes about $0.3 billion of special-item charges. The company has not yet calculated its tax rate for the first quarter and is not able to provide its preliminary net loss or loss per share. As of 9 April, the company had about $30 billion in cash on its balance sheet, including $15.4 billion of proceeds from borrowings last month against two existing credit lines. Continue reading
Back-Up Camera Recall on More than 318,000 FCA Models
If the rear-view image is displayed after the backing event has ended, a driver may be distracted by repeatedly and/or continuously shifting attention in attempt(s) to cancel the image which can cause a vehicle crash without warning. Continue reading
Chinese Junk Watch: Continuum Recalls Lenox Tea Kettles
Continuum’s Lenox-branded 2.5 Quart Whistling Stainless Steel Tea Kettle with a three-layered bottom are expelling hot water through the top. Continue reading
Volkswagen Logo “Simplified”
Led by Volkswagen Chief Designer Klaus Bischoff, the new branding was designed to be versatile, “digital first and reduces the logo to essential elements, which now presents as flat and two dimensional.” Continue reading
COVID-19 – GM Gives $2.65 Million to 40 Non-Profits
Included in these efforts is a $1 million grant to the DonorsChoose Keep Kids Learning plan, which provides $1,000 credits to 1,000 teachers in high-need school districts to help send basic resources like books, pencils, notebooks, food and cleaning supplies to students’ homes. Continue reading
Trade to Plunge as COVID-19 Upends Global Economy
The response of political leadership can also have a big impact in the outcome. But WTO economists believe the decline will likely exceed the trade slump brought on by the global financial crisis of 2008‑09. Estimates of the expected recovery in 2021 are equally uncertain, with outcomes depending largely on the duration of the outbreak and the effectiveness of the policy responses. Continue reading
Unions, FCA Sign Agreement on Workplace Health and Safety
The guidelines established focused on “rigorous implementation of government directives aimed at combating the spread of the Covid-19 virus and application of best practices implemented by the Group at its sites around the world.” This presumably applies to the United States where the ‘Do Nothing’ Trump Administration claims that this is a job for the states, not National leadership. Continue reading
Electrify America, Kia Offer DC Fast Charging Plan for Niro EV
The ‘Kia Select’ program offers a flat rate of 35 cents per-minute charging for current Kia Niro EV drivers, designed specifically for the unique DC charging characteristics of the model. The program also waives session fees and has no subscription fees for participants. Continue reading
Porsche “Gives” Employees A Voluntary Bonus
Porsche* is combining an optional bonus to its employees with an appeal for donations to support the “Porsche aid” program. The bonus of €9,000 Euro will be paid out to the Porsche workforce for the 2019 financial year; €700 will … Continue reading
Teamsters, CtW Investment Group Demand Amazon Reveal Workplace Safety Record
The request comes after the Securities and Exchange Commission (SEC) allowed Amazon to exclude a shareholder proposal that the two investors had filed to be voted on at the online retailer’s annual meeting of shareholders, scheduled for May 27. It’s the latest example of government agencies suppressing democracy under the current administration. The investors are appealing the SEC’s staff decision to the full Commission today. Continue reading
First GM-Ventec Critical Care Ventilators Delivered
The shipments, of course, are putting important tools in the hands of front-line medical professionals treating patients seriously ill with COVID-19 as the US desperately tries to catch up with the plague and the deaths made worse by denials among top political leaders. Continue reading →