Category Archives: economy

Significant Automotive Stories and Trends of 2018 and 2019

Journalists staring at a blank screen, the opaque prelude to upcoming 2019 deadlines and headlines, do not have the option to Tweet and Run from the responsibilities of their job. So here comes AutoInformed on significant automotive related stories of 2018-2019 and predicted future implications, with our wry awareness, as always, that AutoInformed columnists conduct their education in public. Continue reading

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No Recharging or Refueling Infrastructure for Euro Trucks Exist

The European Automobile Manufacturers’ Association (aka ACEA) has published data on the “severe lack of recharging and refueling infrastructure suitable for electric and other alternatively-powered trucks” in the EU. AutoInformed views this under the category of “legislate in haste; repent during a long leisure” of the unemployed workers caused by ruined economies. Continue reading

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Volkswagen and Ford Announce Alliance Without Cross Equity

The history of such industry collaborations is difficult and littered with road kill. The problem is whether the two global giants and hundreds of thousands of workers can walk in step together or stumble over each other. Continue reading

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GM Projects Strong Earnings, Improved Cash Flow in 2019

In 2019, despite a diminishing car market, GM expects the overall U.S. market to remain strong, projecting total industry sales in the low 17-million range. The company will benefit from a full year of volume from GM’s all-new Chevrolet Silverado and GMC Sierra light-duty full-size pickups. The trucks have contributed to retail market share growth in the light- duty pickup segment every month since August, with average transaction prices that have surpassed those of key competitors. Continue reading

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Ford Motor 2018 US Sales drop -3.5% to 2.5 Million. Cars at 486,000 dive -18%. Trucks Up Again

The continued stronger mix of trucks and SUVs at Ford Motor meant an expanded transaction pricing for another new record of $38,400 in December, a $1,600 increase compared to December last year. This outperforms the industry average of a $470 increase for the overall industry at $34,000 per vehicle. Continue reading

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Corporate Raiders After Ford Motor Stock at Deep Discount

Baker Mills’ offer price of $7.00 per share in cash is approximately ~17.84% lower than the $8.52 closing price of Ford common stock on Dec. 14, 2018, the last closing price prior to commencement of the offer. The markets are closed today. Continue reading

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Germany Drops Hard Coal After 200 Years

In 2007, the social partners in German coal industry reached a deal to phase out hard coal production by 2018. However, fossil fuels still account for an important part of the energy mix, and the lignite, or brown coal, produced in Germany still derives a part of it. Continue reading

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Volkswagen Offers First Look at Mobile Charging Station

The mobile charging station works like a power bank does with smartphones, but for electric vehicles instead. The charging capacity of up to 360 kWh enables up to 15 e-vehicles, including members of Volkswagen’s new ID line to be charged in stand-alone operation. Continue reading

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Geely moves Closer to Owning AB Volvo. Chinese Company Owns the Car Brand and Is Buying Into the Truck Business.

China’s Geely Holding [GEELY.UL], owner of the Volvo car brand, is buying an 8.2% stake in Volvo (VOLVb.ST) from Cevian Capital. This is worth more than $3 billion at market prices. This makes Geely the biggest individual shareholder in AB Volvo and second ranked in terms of voting rights behind Swedish investment firm Industrivarden (INDUa.ST). Continue reading

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November Used Vehicle Prices Drop for Third Month

Some of the worst losses are in the luxury mid-size car segment, which has seen steady year-over-year declines since 2012. Prices for this segment are expected to decline by more than 7% annually. Continue reading

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British Car Manufacturing Declines -19.6% In November

While home production fell by -1.9% in the month, exports experienced a steeper -22.8% drop – falling for the fifth month in a row. Just over 105,000 cars were exported to global markets in November, still representing some eight in every 10 cars leaving British factories. Continue reading

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The GM Grinch that Stole Christmas, or Did It?

There will be a 15% reduction in GM’s salaried workforce, the closing of the Lordstown and Detroit-Hamtramck assembly plants in the US and the Oshawa complex in Canada in 2019. Baltimore Operations and Warren Transmission plants will also be shut down in 2019. The arrival of year-end auto sales data makes things clearer in the view of consultancy LMC. Continue reading

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Trump Record Deficit Watch – Another Proposed Increase

More than a year ago, President Trump pledged to eliminate the national debt “over a period of eight years.” But for the first time in history, the national debt surpassed $21 trillion, while Trump is facing 17 criminal investigations, another presidential record. Continue reading

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GM to Provide Financial Support to Fired Union Workers

GM’s November announcement impacts 2,600 hourly workers and approximately 340 salaried or contract workers at the Oshawa Assembly Plant once a crown jewel in the GM collection for its productivity, flexibility and quality. GM Canada will continue to discuss its announcements regarding Oshawa Assembly with Unifor, the union it has a no close contract with in force until the end of 2019. Continue reading

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No Deal Brexit to Cost UK Auto Sector £9 Billion Per Year

It’s not only angry Trump voters who are self-destructive, the UK under the Brexit fiasco is about to lose £9 Billion a year due to a conservative Republican-like temper tantrum that will materially hurt middle class workers, as well as society as a whole. Continue reading

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