Category Archives: results

FCA US Reports Q1 Sales Drop -10%

FCA US reported a 10% decline in its first-quarter sales as the positive momentum in January and February was more than offset by the country’s unpreparedness for the ongoing  coronavirus that is still running rampant. For the quarter, U.S. sales were 446,768 vehicles compared with 498,425 for the same period a year earlier. Retail sales were 306,898 vehicles for the quarter. Fleet accounted for 31% of total sales. Continue reading

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GM First-Quarter U.S. Sales Drop -7% to 618,335

President Trump admitted yesterday that the US is looking at a painful two weeks of deaths from the COVID-19 virus. Public health experts have been less optimistic. The GM announcement comes as all of the Detroit Three have postponed resumption of vehicle production due in part to the UAW demanding safe work spaces. Unbelievable that there are still states without shelter-in-place orders. Continue reading

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RumbleOn Posts 2019 Loss. Cancels Guidance

Executive summary from AutoInformed: RumbleOn has ambitious plans with more than $840 million in revenue in 2019, but what is arguably a national brand is facing the ongoing contraction (collapse?) of the U.S. economy. Continue reading

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Audi A6 Hybrid Vehicles Recalled for Short Circuits, Fires

A fire in a railway container in China last December with 2 new Audi vehicles started a chain of events that lead to this global recall. Audi investigations with Valeo the supplier on the  root cause, possible contributing factors and affected production period ensued. Continue reading

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2020 NAIAS Canceled. TCF Center to be Field Hospital. Michigan’s COVID Crisis had Little Federal Help

“With the more than 100 convention centers and facilities around the country being considered to potentially serve as hospitals, it became clear to us that TCF Center would be an inevitable option to serve as a care facility to satisfy our community’s urgent health needs,” said NAIAS Executive Director Rod Alberts.  Continue reading

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Italian Metalworkers Strike to Halt Non-Essential Production

It is  AutoInformed’s view a clear demonstration of strong support for union appeals both in Lombardy and at the national level, demanding the closing of all non-essential production activities. Continue reading

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Bosch Develops Quicker Test for COVID-19

The newly developed test, which apparently has not been certified yet by a major health or regulatory organization, will be available in Germany starting in April, with other markets in Europe and elsewhere to follow at an unknown time in the future. Continue reading

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LMC Automotive Now Projects Double the Decline of the Great Recession in Light Vehicle Sales During 2020

LMC currently is forecasting 2020 global Light Vehicle sales to fall below 77 million units, a decline of nearly 14 million units or -15% from the 2019 level. For comparison, global Light Vehicle sales fell 6 million units from 2007-2009 to 64 million units, a two-year decline of 8.7%, or 4.5% CAGR. Continue reading

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Understeer – Indianapolis 500 Pushed Back Until Late August

“I am disappointed that we have had to reschedule the Indianapolis 500,” Roger Penske said. “However, the health and safety of our event participants and spectators is our top priority, and we believe that postponing the event is the responsible decision with the conditions and restrictions we are facing.” Continue reading

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UAW Balks at Reopening Workplaces

“The only guideline in a boardroom should be management asking themselves, “Would I send my family — my own son or daughter — into that plant and be 100% certain they are safe?” – UAW President Rory L. Gamble Continue reading

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Goodwood Festival of Speed Postponed

Plans for the Goodwood Revival will continue to be reviewed, in the hope that the event will be able to go ahead as planned on September 11-13. A new date for the postponed 78th Members’ Meeting is also being reviewed. Continue reading

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Mercedes-Benz Trucks Replaces Mirrors with Cameras

The advantage is prominent at turns and junctions, when maneuvering and in tight bends. The driver must no longer look as far to the right or left to see traffic to the rear. Mirrors are mounted in a fixed position so that when cornering the driver may lose sight of the end of the semitrailer. Continue reading

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Ford Safety Recalls for Engine Stalling and Doors Opening

Ford Motor Company is issuing two safety recalls for North America and one for Canada only. Continue reading

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General Motors Draws Down Credit Lines in COVID-19 Fight

This increases GM’s cash position and preserves financial flexibility in light of current uncertainty in global markets resulting from the COVID-19 pandemic. The funds will supplement the company’s cash position of approximately $15 billion to $16 billion expected at the end of March. Continue reading

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Chevy Silverado and GMC Sierra 2500-3500 Hoods Fly Open

The hood-latch striker wires may not have been heat-treated properly by Motor City Stamping Chesterfield MI. Continue reading

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