Interesting Car/Truck Manufacturer News

CobraBob

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Mach E Marauder. I'm not digging "Mach" and "Marauder" used together, but a majority would be fine with it.
 

Weather Man

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Volkswagen paves way for EV future by stopping to sell ICE vehicles in Europe by 2035
  • The European Commission is discussing a zero-emissions target for cars sold beyond 2035, according to a report from Politico, which cited officials in Brussels. "That would not only mean the end of the internal combustion engine, but also the end of plug-in hybrids," said Hildegard Müller, head of Germany's VDA car lobby. The decision would force the EV revolution upon European automakers, though some are already planning moves of their own.
  • Start your electric motors! Germany's Volkswagen (OTCPK:VWAGY) just announced it will stop selling combustion engines cars in Europe by 2035 and aims for the region's electric cars to account for 70% of total sales by 2030. Ceasing sales of ICE vehicles in the United States and China will occur "somewhat later," according to VW board member Klaus Zellmer, and by 2050 - at the latest - the entire fleet should be carbon neutral. "South America and Africa will take a good deal longer due to the fact that the political and infrastructure framework conditions are still missing."
  • Volkswagen isn't the only carmaker getting serious about emissions targets. Ford (NYSE:F) has already said it will only sell EVs in Europe by 2030, Volvo (OTCPK:GELYF) is retiring the ICE engine and hybrids by the same year and Honda (NYSE:HMC) announced plans to phase out gas-powered cars by 2040. Meanwhile, Stellantis (NYSE:STLA) is no longer planning to invest in the development of new internal combustion engines, while General Motors (NYSE:GM) will stop building polluting vehicles by 2035. Some seem not as prepared, like VW's German rivals - Daimler (OTCPK:DDAIF) and BMW (OTCPK:BAMXF).
  • Outlook: Countries and cities are also revving up their green goals when it comes to EVs. The U.K. plans to end the sale of ICE vehicles by 2030 and plug-in hybrids by 2035, France has set a 2040 phase-out date, while Norway is the most ambitious nation with a 2025 deadline. Over in the U.S., California has banned the sale of gas-powered vehicles by 2035 and a dozen other states are looking at similar legislation.
  • At the last G7 meeting in June, leaders drew up a global green infrastructure plan to counter China and vowed to phase out gas and diesel cars as soon as possible.
 

GTSpartan

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Honda to sell GM-built electric SUV named Prologue in 2024

This could be huge for GM as the OEM's search for scale in their EV programs.

Honda to sell GM-built electric SUV named Prologue in 2024

Honda will sell an electric SUV built in a North American General Motors plant beginning in early 2024. Named the Prologue, the new SUV will use the Ultium battery and motor technology GM developed for use in EVs like the Detroit-built GMC Hummer electric pickup going on sale this fall.

Honda wouldn’t discuss details of the Prologue’s size, features or price, but the battery-powered EV is expected to sell in numbers between the brand’s Passport five-seat midsize SUV and Pilot family-hauling three-row model, Honda executive vice president Dave Gardner said. That’s a pretty broad range: Honda sold 21,941 Passports and 61,846 Pilots through May.

Honda will provide the 2024 Prologue’s exterior and interior design along with brand “characteristics” customers will recognize, Gardner said. The GM-Honda relationship includes development of vehicles, batteries and fuel cells.

“Our first Honda battery-electric vehicle will begin our transition to electrification, and the name Honda Prologue signals the role it will play in leading to our zero-emission future,” Gardner said.

Honda also plans to increase the number of hybrids it builds in the U.S. as it transitions away from internal combustion engines. The automaker currently produces Accord, CR-V and Insight hybrids in the U.S.

Hybrids will become the top version of each model, with features and performance to attract buyers in addition to high fuel economy. Gardner said.

Honda also is developing its own architecture for future vehicles, researching advanced solid state batteries, and working on proprietary electric motors with supplier Hitachi. An architecture is a set of structures, parts and processes that can be used to produce a wide variety of vehicles. Vehicles from Honda’s internally developed architecture should go on sale mid-decade, Gardner said.

Honda expects 100% of the vehicles it sells in the U.S. to be powered by batteries or fuel cells — which convert hydrogen into electricity — by 2040, Gardner said.

“We expect the last (Honda) internal combustion engine vehicle sold in 2040 to be retired by 2050” in the U.S., Gardner said.

An electric SUV for Honda’s Acura brand will also use GM underpinnings and come from a GM plant in 2024. Honda hasn’t revealed that vehicle’s name or features.

Industry sources say the Prologue is likely to be assembled in GM’s Ramos Arizpe, Mexico, plant, while GM will build the Acura in Spring Hill, Tennessee. Honda and Acura are each expected to get another SUV from in the company’s alliance with GM, which the automakers announced earlier this year.
 

Weather Man

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The buyer consortium seeks Hollysys shareholder support on acquisition proposal
  • The buyer consortium consisting of CPE Funds Management Limited, Mr. Shao Baiqing, and Ace Lead Profits commenced a solicitation of consents from shareholders of Hollysys Automation Technologies (NASDAQ:HOLI) regarding the Consortium’s proposed acquisition of the Company.
  • The Consortium, including co-founder and former Hollysys CEO Baiqing Shao, Ace Funds, and Chinese P-E firm CPE Funds Management, offered to acquire Hollysys Automation Technologies for $17.10/share.
  • The Consortium is mailing a letter to large beneficial-owner shareholders through their banks and brokers, along with a WHITE consent card.
  • Hollysys shareholders, as of June 24, 2021, are eligible to submit consents.
  • Shares +9% premarket.
 

Weather Man

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Carvana launches as-soon-as-next day vehicle delivery in Wichita
  • Expanding its presence in Kansas, Carvana (NYSE:CVNA) will now offer as-soon-as next-day touchless home delivery to Wichita area residents.
  • Customers have access to 30K+ used cars for sale, secure auto financing or use the car loan calculator, purchase, trade-in, and schedule as-soon-as next-day vehicle delivery.
  • The company now offers as-soon-as next-day vehicle delivery to customers in 299 cities across the U.S.
 

Weather Man

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No new ICE models from Mercedes after 2025, makes sense since they have abandoned all ICE development.


Mercedes-Benz unveils plans to go all-electric
  • Mercedes-Benz says all newly launched architectures will be electric-only after 2025. By 2022, Mercedes-Benz will have battery electric vehicles in all segments the company serves.
  • The automaker's electrification push will include installing battery cell capacity of more than 200 Gigawatt hours with partners and plans for eight Gigafactories - while remaining committed to its margin targets.
  • All told, Daimler plans to spend €40B by 2030 on electric vehicles.
  • "The EV shift is picking up speed - especially in the luxury segment, where Mercedes-Benz belongs. The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade," says Daimler (OTCPK:DDAIF) CEO Ola Källenius.
  • "This step marks a profound reallocation of capital. By managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz," he adds.
  • Shares of Daimler are up 1.05% in Frankfurt trading.
  • Daimler's big day was tipped off in Seeking Alpha's Catalyst Watch.
 

Weather Man

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So is this how the horde's of Chinese EV's will be eventually sold in the USA? These huge dealer groups setting up depots and retailing them through their websites? Set up regional spaced repair facilities that handle multiple EV manufacturers? Pick the dense population area's and forget about fly over country?

Penske Automotive and Cox Automotive launch automated platform for retailing used vehicles
  • Penske Automotive (NYSE:PAG) and Cox Automotive have jointly developed a transformational, fully automated technology platform for enabling the online retail sale of used vehicles.
  • CarShop is the first retailer in-market with Cox Automotive's industry-leading solution; the automated online buying platform will enables consumers to select from high-quality, preowned vehicles through PAG's U.S. CarShop used vehicle SuperCenters and franchised dealerships.
 

CobraBob

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Automated selling isn't new. Carvana and CarFax are already doing well with online selling. They lack the regional repair facilities, of course. This venture is a step up, though.
 

Weather Man

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Isn't this what Carvana and CarFax are already doing?

More of the regional big boys following suite. What kind of an impact on dealers like Nick's??????? I still have not seen any of the many Chinese makes announce USA sales yet.
 

Weather Man

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GM recalls 69,000 Chevy Volt EVs
  • General Motors (GM -0.5%) announced Friday that it was recalling 69,000 Chevrolet Bolt electric vehicles due to fire risk concerns.
  • The Bolt EV models were already recalled in November for a similar issue, but two new fires have been reported even after the fix.
  • GM and National Highway Traffic Safety Administration urge Bolt owners to park their vehicles outside away from their homes and keep charge levels above 70 miles until GM replaces the cars' battery modules.
  • “The question is whether GM has the technological capability to detect and identify defective batteries. If there is not, they may have to replace the total batteries, which will be costly, like Hyundai did,” South Korean battery expert Park Chul-wan commented.
  • Ford Motor Company had to recall 851,000 cars and trucks last week due to faulty parts.
 

Weather Man

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Ford trades higher after boosting full-year outlook amid higher-price auto backdrop
  • Ford Motor Company (NYSE:F) reports Q2 results ahead of expectations with revenue of $26.8B, net income of $561M and adjusted EBIT of $1.1B..
  • The automaker's auto business in North America stood out by delivering positive EBIT in the quarter on a year-over-year increase of $1.1B. Higher auto prices helped during the quarter.
  • Second-quarter cash flow from operations was $756M. Adjusted free cash flow for the period was negative $5.1B, reflecting the expected greater effect of semiconductor-related volume losses on free cash flow than EBIT because of adverse working capital and timing differences. Ford's cash position was $25.1B at the end of the quarter and the liquidity position was $41.0B.
  • Looking ahead, Ford boosts its expectation for full-year adjusted EBIT to a range of $9B to $10B. Volume is expected to increase by about 30% sequentially from the first to the second half of the year. However, the volume benefit is anticipated to be offset by higher commodity costs, investments in the Ford+ plan, lower earnings by Ford Credit - which along with other factors is seen to leading second-half adjusted EBIT to be lower than in the first half.
  • Shares of Ford are up 2.25% in AH action.
  • Ford has the second highest Seeking Alpha Quant Rating in the automobile manufacturer sector.
 

CobraBob

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2022 Chevrolet COPO Camaro Unveiled With Biggest V8 From Any American Automaker - It pops wheelies, just like you hoped for.

BY PETER HOLDERITH
JULY 30, 2021

Chevy has unveiled the newest COPO Camaro, and it's a bit more...aggressive than expected. Sure, the classic COPO's 7.0-liter monster was nothing to sneeze at, but this latest version goes even further. Forget 427 cubic inches; that's just not enough.

As well as being offered with a supercharged 5.7-liter V8 and the classic 427, the new COPO Camaro enters the 2022 model year with a 9.4 liter—or 572-cubic-inch—V8. Indeed, it's the largest car engine GM makes.

The 2022 COPO Camaro is not street legal, to be clear. It's a purpose-built drag racing machine. As we described before, it has its roots planted firmly in Chevy drag racing history, namely the NHRA's Stock and Super Stock eliminator classes. That doesn't make its honkin' V8 any less impressive, of course; if anything, it makes it cooler.

The engine features four-bolt main caps, a forged steel crankshaft, forged steel rods, and forged aluminum pistons. You could say it's built like a brick... shore house. The iron-block 572 features aluminum heads as well, and all COPOs come equipped with a three-speed automatic transmission from ATI Racing Products.

All of this can be yours starting at $105,500 before dealer fees. That may sound expensive for a track toy, but keep in mind that fewer than 700 new COPO Camaros have been built since the program was jolted back to life in 2012. More people own modern Bugattis than COPO Camaros.

Chevy detailed power figures for this monster of an engine not in the press release, but in a separate COPO order form. It already makes a few 572 crate engines, the most powerful of which produces 727 horsepower and 680 pound-feet of torque, but this particular motor has been choked down to 430 horsepower to fit into a specific NHRA class. The 6,750 RPM-capable 572 installed in the COPO is also fuel-injected, unlike its more powerful siblings.

If you'd rather have the supercharged 5.7-liter, it makes 600 horsepower; the naturally aspirated 427 V8 produces an NHRA-rated 470 hp.

The Detroit automaker has previously restricted sales of the COPO Camaros to just 69 a year, but that's not the case anymore. Perhaps because the future seems uncertain for internal combustion, or perhaps because Camaro sales are in the gutter, Chevy has decided to accommodate as many customers as possible on a first-come, first-serve basis. It will be available starting in late 2021.

While this all-new COPO is powered by old-fashioned gasoline, the standard Camaro may be replaced by an electric performance sedan.

Chevy apparently considered a Camaro Z/28 with the upcoming Corvette Z06's flat-plane crank V8, but it passed on the idea.

In other cheery news, Camaro sales are in a death spiral right now and no one quite knows how to fix that. Maybe the right answer is to keep the current-gen around until 2026.



Sent from my iPhone using svtperformance.com
 

Weather Man

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2022 Chevrolet COPO Camaro Unveiled With Biggest V8 From Any American Automaker - It pops wheelies, just like you hoped for.

BY PETER HOLDERITH
JULY 30, 2021

Chevy has unveiled the newest COPO Camaro, and it's a bit more...aggressive than expected. Sure, the classic COPO's 7.0-liter monster was nothing to sneeze at, but this latest version goes even further. Forget 427 cubic inches; that's just not enough.

As well as being offered with a supercharged 5.7-liter V8 and the classic 427, the new COPO Camaro enters the 2022 model year with a 9.4 liter—or 572-cubic-inch—V8. Indeed, it's the largest car engine GM makes.

The 2022 COPO Camaro is not street legal, to be clear. It's a purpose-built drag racing machine. As we described before, it has its roots planted firmly in Chevy drag racing history, namely the NHRA's Stock and Super Stock eliminator classes. That doesn't make its honkin' V8 any less impressive, of course; if anything, it makes it cooler.

The engine features four-bolt main caps, a forged steel crankshaft, forged steel rods, and forged aluminum pistons. You could say it's built like a brick... shore house. The iron-block 572 features aluminum heads as well, and all COPOs come equipped with a three-speed automatic transmission from ATI Racing Products.

All of this can be yours starting at $105,500 before dealer fees. That may sound expensive for a track toy, but keep in mind that fewer than 700 new COPO Camaros have been built since the program was jolted back to life in 2012. More people own modern Bugattis than COPO Camaros.

Chevy detailed power figures for this monster of an engine not in the press release, but in a separate COPO order form. It already makes a few 572 crate engines, the most powerful of which produces 727 horsepower and 680 pound-feet of torque, but this particular motor has been choked down to 430 horsepower to fit into a specific NHRA class. The 6,750 RPM-capable 572 installed in the COPO is also fuel-injected, unlike its more powerful siblings.

If you'd rather have the supercharged 5.7-liter, it makes 600 horsepower; the naturally aspirated 427 V8 produces an NHRA-rated 470 hp.

The Detroit automaker has previously restricted sales of the COPO Camaros to just 69 a year, but that's not the case anymore. Perhaps because the future seems uncertain for internal combustion, or perhaps because Camaro sales are in the gutter, Chevy has decided to accommodate as many customers as possible on a first-come, first-serve basis. It will be available starting in late 2021.

While this all-new COPO is powered by old-fashioned gasoline, the standard Camaro may be replaced by an electric performance sedan.

Chevy apparently considered a Camaro Z/28 with the upcoming Corvette Z06's flat-plane crank V8, but it passed on the idea.

In other cheery news, Camaro sales are in a death spiral right now and no one quite knows how to fix that. Maybe the right answer is to keep the current-gen around until 2026.

It's a shame the big three never got into another big block/big C.I. war, damn EPA, would have been something.
 

365 Saleen

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2022 Chevrolet COPO Camaro Unveiled With Biggest V8 From Any American Automaker


All of this can be yours starting at $105,500 before dealer fees.

but this particular motor has been choked down to 430 horsepower to fit into a specific NHRA class. The 6,750 RPM-capable 572 installed in the COPO is also fuel-injected, unlike its more powerful siblings. performance sedan.



Sent from my iPhone using svtperformance.com

Who is going to pay $105K+ for a 430 hp car? I realize they did it to fit class rules, but they could have met those rules with a junkyard 4.8 LS an engine nearly half the displacement.
Eye Yi Yi...
 

Weather Man

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I think electric Ferrari's will be a sales disaster for the company. Hard to see how the make their electric motor "sexy".


Ferrari "very positive" on electric vehicle prospects despite earnings miss
  • Ferrari N.V. (RACE -0.7%) posted Q2 adjusted EPS of €1.11, misses by €0.07, and revenue of €1.04B, misses by €10M, today.
  • Revenue is up 5.2% compared to Q2 2019 and EPS is up 15.6% compared to Q2 2019. Last quarter, 2022 financial targets were postponed by one year due to the COVID-19 pandemic.
  • The company increased its guidance for industrial free cash flow to ~€450M from ~€350M due to improved net working capital. The company remains confident that the company will hit the top end of its 2021 FY guidance.
  • The company experienced record order intake across all models and regions during the quarter and executives commented on the "very encouraging" growth rate in China.
  • "I feel very very positive about what electrification does to us," commented acting CEO John Elkann when asked about electric vehicles. "There are good things that we'll be announcing that are going to come up."
  • The company noted that global parts shortages didn't affect them as much as other companies due to their ability to precisely plan out orders, but could be a problem depending on how long shortages last.
  • Read about stocks that could see major gains or losses with Seeking Alpha's catalyst watch here.
 

Weather Man

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HollySys surges post-market as board evaluates acquisition offers
  • Chinese automation specialist HollySys Automation Technologies (NASDAQ:HOLI) shares are trading +22.58% post-market after its Board of Directors disclosed that it is evaluating acquisition offers from consortiums for all outstanding ordinary shares.
  • The offers being considered include one from Superior Emerald (Cayman), controlled by Ascendent Capital Partners, for $23 per share.
  • The second offer is from CPE Consortium, led by CPE Funds Management with Shao Baiqing and Ace Lead Profits, for $17 per share. Both offers are all-cash.
  • Press Release
 

Weather Man

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The absolute wave of EV's hitting dealerships in the next 2 years is quite amazing. I just see the charging network in homes and public to support it. Maybe I am just to old, lol. I don't get the hybrids, the ICE bans coming down the pike don't allow them.


Stellantis trades up, overcomes semiconductor shortages to post record margins
  • Stellantis N.V. (STLA +5.0%) shares jumped today after the company reported record first-half adjusted operating income (AOI) margins of 11.4%, compared to H1 2020 AOI margin of 1.5%, even after temporary production losses of 20% due to global semiconductor shortages.
  • The improved margins were driven by price increases, especially in North America where the company achieved record profitability with an AOI margin mark of 16.1%. The Jeep Wrangler 4xe was the best selling plug-in electric vehicle hybrid in the U.S. in the second quarter.
  • The company raised its guidance for FY AOI margins to ~10% from previous expectations of 5.5% to 7.5%. This means AOI margin is expected to be about 8.6% in the back half of 2021.
  • The company now has the highest market share in South America with 23.6% (up 620 bps Y/Y).
  • The company plans to launch 11 battery electric vehicles and 10 plug-in hybrids over the next 24 months.
 

Weather Man

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General Motors boosts full-year guidance even as electrification push intensifies
  • General Motors (NYSE:GM) reports record EBIT-adjusted of $4.1B in Q2 and $8.5B for the first half of the year even as it investing heavily in electrification initiatives and faced supply chain headwinds.
  • The automaker says it successfully prioritized production of its highest demand vehicles during the quarter and increased retail market share in the full-size pickup segment in the U.S. amid strong pricing and mix.
  • Looking ahead, GM anticipates full-year EBIT-adjusted in the range of $11.5B to $13.5B vs. a previous view for $10B to $11B. EPS of $5.40 to $6.40 is anticipated vs. $4.50 to $5.25 prior view. On the product side, GM says it is excited about launching the first Ultium-based vehicles this fall (GMC Hummer EV Pickup and the BrightDrop EV600 electric commercial vehicle) to be followed in early 2022 by the all-electric Cadillac Lyriq SUV. The automaker also confirmed that both Chevrolet and GMC will offer battery electric full-size pickups based on Ultium.
 

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