Tag Archives: Kenneth Zino

May US Budget Deficit, Gulp, $424 Billion

The federal budget deficit in May was $424 billion, about double the amount in the same month last year, the Congressional Budget Office estimates. That increase stems from the economic disruption caused by the 2020 corona virus pandemic and from … Continue reading

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Commerce, HHS, FDA to Fight Online Opioid Sales

Under the program, the National Telecommunications and Information Administration (NTIA) and the U.S. Food and Drug Administration (FDA) will work with three domain name registries, Neustar (.us), Verisign (.com, .net) and Public Interest Registry (.org), to suspend the domain names of websites found to be illegally selling unapproved opioids. Continue reading

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COVID-nomics – Plague Meets the Dreary Science

The UK consumer new car finance market reported new business volumes 97% lower in April 2020 compared with the same month in 2019, and a fall of 37% in the first four months of 2020.  The percentage of private new car sales financed by FLA members was 94.5% in the twelve months to April 2020. Continue reading

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Milestones – VW Chattanooga One-Millionth Vehicle

Milestones – VW Chattanooga One-Millionth Vehicle Continue reading

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Groupe PSA, Punch Powertrain Expand EV JV

Punch Powertrain will contribute its DT2-related business unit, including engineering, manufacturing, and support functions to the new entity which is expected to be operational by the third quarter 2020. Continue reading

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It’s Come to This – Mazda Digital MotorSport

Whether this is a temporary or lasting Covid influence people all over the world can connect online and enjoy the same digital conditions regardless of country, region, language or generation. Continue reading

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US International Trade Deficit Soars in April to $50 Billion

The US  international trade deficit in goods and services increased to $49.4 billion in April from $42.3 billion in, as exports and imports saw their largest monthly declines in history. It is the latest indicator that economy is struggling during the COVID-19 crisis according to Commerce Department data. The bad news increases if you consider the unemployment crisis. Continue reading

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Must See! Virtual Viral Tour of Mercedes Museum

Alongside the “magical installations, the highly dynamic clip casts a spell of enchantment on the viewer with flight sequences that top anything seen to date,” in the hyperbolic view of the communications department. Continue reading

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Milestones: Volkswagen Completes Promised Argo AI Funding

The numerous problems confronting Ford Motor and Volkswagen AG revolve around a central issue: Whether the two global giants and hundreds of thousands of workers can work together or consume shareholder capital at astonishing, company threatening rates without producing the promise efficiencies – on time and on budget. Continue reading

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Rolls-Royce on CS Rolls’ Record Run in a Wright Flyer

Among the spectators on the cliffs were Rolls’ parents, Lord and Lady Llangattock, and his sister and brother-in-law, Sir John and Lady Shelley. He was in a Wright Flier. Continue reading

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Unions Protest Nissan Closure of Catalan Factories

The unions claim that in Europe there is a firm commitment to a New Green Deal, with a direct injection of one hundred billion euros and a private contribution of 250,000 million more. An important part will go to sustainable mobility. They feel that Nissan is missing an opportunity to get support for a shift towards electric vehicles, smart driving, and shared mobility. Continue reading

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Honda Sets Records for Auto Production in China

The Trump Administration denied there was problem. In fact, President said that Covid would go away by April. And even now is falsely maintaining that its response could not have been better as unemployment is approaching Great Depression levels and more than 100,000 people have died… Continue reading

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Nissan Posts -¥671.2 Billion Loss for Fiscal Year 2019

During fiscal year 2019, consolidated net revenue declined to ¥9.8789 trillion yen, resulting in an operating loss of ¥40.5 billion yen and a net loss1 of -¥ 671.2 billion. This includes costs associated with restructuring and impairments of ¥603.0 billion as Nissan tried to improve operational and efficiency improvements. Free cash flow for the automotive business was, gulp, negative -¥641.0 billion. Continue reading

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Rolls-Royce, Daimler Truck to Develop Stationary Fuel-Cells

The Rolls-Royce Power Systems business unit plans to rely on these fuel-cell systems from the planned joint venture – as well as Daimler’s experience in the emergency power generators it develops and distributes for data centers under the MTU product and solution brand. Continue reading

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Draining the Swamp – California, 22 States Sue to Stop Trump Emissions Rollback Citing Economic, Health and Climate Goals

The California Air Resources Board helped develop the original 2012 rules and is represented in this case by the California Attorney General. Trump is among global warming deniers, a position – as usual – that has no basis in fact but is funded by lobbying groups for those who benefit from exploiting fossil fuels. Continue reading

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