Ford Raises Profit Outlook Despite $4.5 Billion EV Loss
Jul 31, 2023
Ford is lifting its guidance range for full-year 2023 consolidated adjusted EBIT to between $11 billion and $12 billion. Likewise, the company is raising its expectations for full-year adjusted free cash flow to between $6.5 billion and $7 billion, with capital expenditures of between $8 billion and $9 billion. ... Continue reading
Nutson's Auto News Weekly Wrap-up July 23-29, 2023
Jul 30, 2023
* The sleeping giant is awakening! Seven of the world’s leading automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, Stellantis NV – are creating a joint venture to accelerate the transition to electric vehicles in North America, by making EV charging more convenient, accessible and r ... Continue reading
Maserati – What’s To Come! Report By Larry Nutson
Jul 28, 2023
William F. Peffer CEO of Maserati Americas recently made a stop in Chicago. Peffer has been in the auto industry for almost 30 years and joined Maserati in 2021. ... Continue reading
Jul 28, 2023
Starfire Mine, formerly one of the largest coal mines in the United States, will be the new site of a solar energy center. The announcement was made today by global renewable power producer BrightNight CEO Martin Hermann, Rivian Automotive Inc. Founder and CEO RJ Scaringe, and The Nature Conservancy CEO Jennifer Morris ... Continue reading
Jul 28, 2023
Four Republican U.S. senators on Wednesday sought to reverse a Biden administration decision to waive ... Continue reading
Cox Automotive Forecast: New-Vehicle Sales Accelerate in July
Jul 27, 2023
With supply holding at healthy levels, U.S. new-vehicle market is expected to spur a notable year-over-year sales improvement in July. The annual new-vehicle sales pace in July is expected to finish near 15.9 million, up 2.6 million from last July's 13.3 million pace and up from June's 15.7 million level. ... Continue reading
Senate Agrees With TACH, An AM Radio In Every Car
Jul 27, 2023
With near-unanimous bipartisan support, a bill that would help ensure AM radio remains in vehicle dashboards is moving quickly in Congress. The Senate Commerce Committee on Thursday advanced the proposed AM Radio for Every Vehicle Act (S. 1669) with only Michigan Democrat Gary Peters voting against the proposal. ... Continue reading
New EV Battery Safe Handling & Storage Guidance Developed by Global Automakers and Suppliers
Jul 26, 2023
COLUMBUS, Ohio, July 26, 2023 -- In a collaborative effort to enhance safety measures and promote responsible handling of electric vehicle (EV) batteries, today at its 2023 Innovation Summit in Columbus, Ohio, the Suppliers Partnership for the Environment (SP) announced the publication of a new guidance document on Ele ... Continue reading
Hyundai Motor Group and Seoul National University Open Joint Battery Research Center
Jul 25, 2023
This collaborative effort between the Group and SNU aims to advance battery technologies and foster industry-academia cooperation to establish global leadership in the battery field. The opening ceremony of the Joint Battery Research Center took place at Seoul National University’s main campus and was attended by est ... Continue reading
Next-Gen Chevrolet Bolt EV Available From Chevrolet’s Growing EV Lineup
Jul 25, 2023
America’s most affordable EV will return to Chevrolet’s growing lineup of all-electric vehicles DETROIT – Today, GM Chair and CEO Mary Barra announced during the company’s quarterly earnings conference call that Chevrolet will introduce a next-generation Bolt, continuing to deliver what customers have come to e ... Continue reading
Jul 25, 2023
SANTA BARBARA, Calif., July 24, 2023 -- In a recent press release highlighting safety defects in Tesla's Full Self-Driving software, safety advocacy group The Dawn Project linked to a page on the Tesla Model 3 manual on Tesla.com which described the software and listed its many limitations and safety defects. Within fo ... Continue reading
OFFICIAL NHTSA RECALL SUMMARY JULY 24, 2023
Jul 24, 2023
The following may apply to one or more of your vehicles if your vehicle is listed below. Click on the NHTSA Recall ID Number below to read more about the safety issue and the reason for the recall.To find out if your specific passenger vehicle is included in the recall, use our VIN Look-up Tool. ... Continue reading
Republican Congress Leads Bill to Protect Automobile Choice
Jul 23, 2023
July 6, 2023 Press ReleaseWashington, D.C. -- Today, Congressman Tim Walberg (MI-05) and Andrew Clyde (GA-09) led 18 colleagues in introducing the Choice in Automobile Retail Sales (CARS) Act of 2023. This critical legislation would prohibit the Biden administration from implementing aggressive emission standards for l ... Continue reading
Nutson's Auto News Weekly Wrap-up Week Ending July 22, 2023
Jul 23, 2023
Here are Larry's picks among the past week's important, relevant, semi-secret, or snappy automotive news, opinions and insider back stories presented as expertly crafted easy-to-understand automotive universe news nuggets ... Continue reading
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