Tag Archives: autoinformed.com

SEC Settles Charges Against Clean Water Project Founder

The complaint alleges that only $650,000 of the $7.2 million raised made it to the project’s bank account. According to the complaint, Sembritzky spent the rest of the money on such personal items as a $2 million condominium for his then-wife, luxury cars, jewelry, and credit card debt. Continue reading

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Global Auto Business Threatened by Covid Second Wave

While the past isn’t a 100% sure predictor of the future, “A second wave and stricter social controls pose a large risk to our central forecast” LMC notes in its latest analysis. LMC projects that 2020 global assembly plant use is expected to fall to the lowest level ever recorded – just 51%. The pandemic-caused shutdowns during March and April had a profound impact on both the volume and use of plants globally. Continue reading

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Making America Late Again – NAIAS to September 2021

NAIAS will remain a fall show going forward after the inaugural event in September 2021. Show dates have been secured with TCF Center for the next three years. NAIAS organizers choose dates towards the end of the month because of the new IAA in Munich, which is scheduled for the first full week in September. NAIAS has had a troubled relationship with German automakers. The NAIAS move in our view is defensive with a yet unknown outcome. Continue reading

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Subaru Aids First National Clean-Up and Recycling Plan

Entitled Facelift: Act Local, the six-day-long event produced by the Yosemite Climbing Association and co-presented by The North Face, encourages people to independently get outdoors and safely pick up trash at their local green spaces, neighborhood parks or backyards from September 22-27. Continue reading

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California to Subsidize 51 Shell Hydrogen Sites

Socialism for the rich once again. Too bad the CEC doesn’t require some ownership for the capital it is providing. Worse, the Trump misadministration is proposing to roll-back desperately needed methane regulations. Methane, a product of oil drilling is currently burned at the well by flaring. EPA said in the past that over 100 years, methane is estimated to have a global warming potential that is 28 to 36 times that of CO2. Continue reading

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Auto Shoppers Dumping Dealers for Online Buying

During the COVID-19 pandemic, 65% of automotive shoppers’ decision to purchase a vehicle was affected and 40% of shoppers delayed making a new vehicle purchase. As a result, more buyers are now willing to purchase their vehicles online instead of at a dealership. Continue reading

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Hyundai Recalls 2019-2021 Tucson SUVs for Fires

In the required NHTSA filing, Hyundai said it recommends parking these vehicles outside and away from structures until the recall remedy is completed. Hyundai plans to notify owners to instruct them to return their vehicles to a dealership for replacement of the ABS module “when available.” Continue reading

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Multi Problems with Automotive Multi-Media

“The majority of frequently occurring problems with multimedia and infotainment systems are design-related issues, many of which could be addressed through software updates to work out the bugs,” claimed Brent Gruber, senior director of global automotive quality at the J.D. Power consultancy. Continue reading

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2020 Muscle Car and Corvette Nationals Cancelled

“We know that we have all been hoping for the best, but with the uncertainty and the current State of Illinois limitations regarding spectators at indoor events, it is not feasible to continue with the show this year,” said MCACN Managing Member, Bob Ashton. Continue reading

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Milestones: Nissan Production of 500,000 Leaf EVs

The milestone was achieved at Nissan’s plant in Sunderland, England, almost a decade after the model first went on sale. The plant has built more than 175,000 LEAF cars since it began producing the model in 2013.Ironically, Sunderland is now threatened by BREXIT and the UK Governments lack of an agreement with the EU. Continue reading

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GM Claims Wireless Battery Management for Future EVs

It is hoped that wBMS, will get GM’s Ultium-powered EVs to market faster because time won’t be needed to develop specific communications systems or redesign complex wiring designs for each new vehicle. It has already sped the creation of more automotive engineering/marketing jargon powered by acronyms. The wireless battery monitoring system will be standard on all planned GM vehicles powered by Ultium batteries. Continue reading

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Daimler Issues Its First Green Bond of €1 Billion

Daimler will allocate the net proceeds from the green financing instruments in accordance with the Framework to develop and produce zero-emission vehicles such as battery-electric (BEV) and fuel-cell electric vehicles (FCEV). Continue reading

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Uber Plugs-In With Renault, Nissan to Electrify Europe

The MoU between the companies was announced today as part of Uber’s announcement to become a zero-emission mobility platform. By 2025, 50% of kilometers driven on Uber’s platform in aggregate across seven European capitals (Amsterdam, Berlin, Brussels, Lisbon, London, Madrid and Paris) will be in electric vehicles, it’s claimed. In practice this means that riders will be able to select a zero-emission vehicle in cities representing 80% of Uber European business by the end of 2021. Continue reading

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Nikola and General Motors Partner! Nikola Badger Truck to be Engineered and Manufactured by GM

“We would rather work with them than against them,” said Nikola Founder and Executive Chairman Trevor Milton. Once again the latest linkup is an attempt to share the ruinously expensive costs of investment needed to provide 21st century mobility to a business that until a generation ago was essentially an outgrowth of the 19th century blacksmithing business. Continue reading

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Covid Labor Day 7 September 2020 Sees a Sick Economy

The unemployment rate fell to 8.4%, down from 14.7% in April and 10.2 % in July (The so-called U-3 measure  is people without jobs who must have looked for a job in the last four weeks). Any way you look at it joblessness is still higher than the peak of many past recessions. The real unemployment rate was 14.2% because it contains 535,000 discouraged workers. (This is U-6 or the real rate because it includes people who would like a better job. It also includes those who are underemployed and marginally attached.) Continue reading

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