Auto News

Automotive News
6/19/2019
  • Korean brands repeated their 2018 medal sweep as Genesis, Kia and Hyundai topped J.D. Power’s annual U.S. report card on 2019 new-vehicle quality
  • three Korean brands were followed in the top 10 by Ford, Lincoln, Chevrolet, Nissan, Dodge, Lexus and Toyota
  • Initial Quality Study scores reflect the number of problems reported over the first 90 days of ownership
Automotive News
6/3/2019
  • U.S. light-vehicle deliveries slipped 0.3 percent in May, but the robust pace of sales — 17.4 million — offered a sign of hope
  • seasonally adjusted, annualized rate of sales in May came in at 17.4 million, well above the 16.9 million forecast
  • FCA US, Toyota, Nissan, Hyundai and Subaru posted higher U.S. sales in May while General Motors, Ford and other Japanese brands fell
Green Car Reports
5/28/2019
  • developing its own vehicle operating system, app ecosystem, and interface, banking a lot on the user experience
  • allows the steering-wheel touch screen to stay isolated and upright while the driver steers
  • on-sale timeline remains in place as late this year for China, mid-2020 for North America, and late 2020 for Europe
Automotive News
5/20/2019
  • includes voluntary buyouts, involuntary separations and open positions Ford chose not to fill
  • 7,000 cuts include some salaried positions in South America, where Ford is closing a plant and exiting some vehicle markets
  • creating a flatter management structure with less bureaucracy, noting more than 80 percent of managers will have six or more direct reports, up from 35 percent before the cuts began
MLive
5/6/2019
  • president of a local UAW labor union in Saginaw County says he is planning to meet this week with Nexteer Automotive officials to discuss employee layoffs
  • company has not reported any layoffs to the state’s WARN notice system
  • Nexteer today employs 13,000 full-time employee employees worldwide, and operates 25 manufacturing plants, three technical centers and 14 customer service centers in North and South America, Europe and Asia, according to its website
Automotive News
4/24/2019
  • plans to build a battery EV using Rivian’s flexible skateboard platform
  • move comes weeks after talks between Rivian and General Motors reportedly broke down
  • part of an $11 billion investment in electrification through 2022
Automotive News
4/5/2019
  • back in the Tokyo detention center where he previously spent 108 days, after being released just last month on a $9 million bail
  • arrested again on suspicion of funneling $5 million from payments made by a Nissan subsidiary to a third party for personal gain
  • new allegation is potentially more serious, as it could show that he used company funds for his own purposes
Automotive News
4/2/2019
  • only American Honda, Hyundai-Kia, Volkswagen Group and Subaru managed an increase last month, helped largely by continuing strong demand for light trucks
  • GM said its first-quarter U.S. sales dropped 7 percent, with volume down 7.8 percent at Chevrolet, 4.4 percent at GMC, 8.7 percent at Buick and 2 percent at Cadillac
  • Higher interest rates and rising new-vehicle prices are undermining consumer demand on the retail side
Automotive News
3/28/2019
  • Wabco … specializes in braking control systems and other safety technologies for commercial vehicles
  • Following the acquisition, ZF expects to generate about $44 billion a year in revenue
  • ZF has said it plans to invest more than 12 billion euros ($13.6 billion) into e-mobility and autonomous driving
Detroit Free Press
3/22/2019
  • Orion factory, which currently builds the electric Chevrolet Bolt, autonomous vehicles for GM’s Cruise unit, and the Chevy Sonic compact car
  • provisions of the proposed new trade agreement among the United States, Mexico and Canada helped persuade GM
  • part of GM’s “new commitment to invest a total of $1.8 billion in its United States manufacturing operations, creating 700 new jobs and supporting 28,000 jobs across six states.”
Automotive News
3/15/2019
  • Transportation Department on Friday issued a request for comment on a petition from General Motors seeking an exemption from Federal Motor Vehicle Safety Standards
  • GM asked for an exemption in January 2018
  • GM’s petition has been viewed as a litmus test on the Transportation Department’s willingness to pave the way toward a self-driving future
Automotive News
3/1/2019
  • Fiat Chrysler, citing “bitter weather across key selling regions,” snapped an 11-month streak of year-over-year U.S. sales gains with a 2 percent decline in February volume, even as incentives rose
  • Toyota Motor Corp.’s U.S. sales fell 5.2 percent in February on weaker car and light-truck demand
  • Honda Motor Co.’s deliveries dipped 0.4 percent, with sales down 1.6 percent at the Honda division but rising 11 percent at Acura
  • Nissan Motor Co. said sales slipped 12 percent to 114,352 units. Even its truck sales suffered, falling 13 percent during the month
  • Mazda Motor Corp.’s U.S. sales also fell, by 7.3 percent, to 23,852 vehicles
Automotive News
2/25/2019
  • ends production in the U.K. and Turkey in 2021 … will shift reliance to its U.S. and Canadian plants to meet Civic demand there
  • reworking its global production footprint for three reasons: to soak up excess capacity, pave the way for electrification and refocus on the global markets where it sells the most vehicles
  • will consolidate production of electrified vehicles into global hubs, including Japan and China
Automotive News
2/4/2019
  • average interest rate on new vehicles rose last month to 6.19 percent — the second highest in 10 years
  • annualized rate of sales dipped to 16.9 million, from 17.22 million in January 2018, its lowest level since August
  • FCA US, which gained a full point of market share in 2018, posted a 2.5 percent increase in January
  • Ford Motor Co. broke a streak of four monthly declines with a 7.1 percent increase
  • GM sales … fell an estimated 6.9 percent
  • Nissan Group’s sales dropped 18 percent
  • Mazda’s sales fell 20 percent
  • Volkswagen Group of America’s sales fell 3 percent
Automotive News
1/24/2019
  • flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services
  • 30-foot-long (9 meter) aircraft — part helicopter, part drone and part fixed-wing plane
  • looking to achieve a range of 50 miles with two flying car variants capable of carrying two and four passengers each

Kim & Associates Co., Inc.