Auto News

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.