Month: September 2022

Europe’s energy crisis offers a hard lesson on the risks of focusing on one fuel source — in the case of the electric-vehicle industry, battery cells, Markus Heyn, head of mobility services for Robert Bosch, told the Stuttgarter Zeitung.

“We are currently seeing the consequences of the gas shortage for Germany and Europe because we prepared too few alternatives,” Heyn, who is also a board member of the supplier, told the paper.

“In the automotive industry, we should use this occasion to ask ourselves what we can do if there should ever be too few battery cells.”

In that case, he said, “everyone would certainly like to see an alternative to battery power. But this will only exist if we have prepared it in good time.”

Battery alternatives that need to be considered, Heyn told the paper, include fuel cells that use hydrogen and oxygen to power electric motors.

Ford rolled out the new standards to dealers in Las Vegas in what some who attended described as an occasional combative meeting. The concerns stemmed mostly from small-market dealers worried about the size of the investment, even as executives attempted to reassure them they could remain successful selling only gasoline vehicles.
Each certification will be effective from Jan. 1, 2024, until the end of 2026. Ford said dealers who opt out of becoming EV-certified for now will have another opportunity to buy in starting in 2027. It does not expect to force any dealers to do so at that time, either .

“We don’t want to rush dealers into being a Model e dealer before their market or they are ready to,” Farley said.

Ford said each of its 3,000 US dealers theoretically could choose to become Certified Elite. Farley declined to say how many he wants to opt in.

• Dual Actuator Rear Wheel Steering System where each rear wheel is individually steered

• The only auto-components supplier in Asia to win the PACEpilot for its unrivaled performance.

• Advanced steering technology that’s optimized for full-size vehicles including electric vehicles and pickup trucks … expected to increase orders from global automakers.

SEOUL, South Korea, Sept. 20, 2022 /PRNewswire/ — Hyundai Mobis (KRX 012330) was named a 2022 Automotive News PACEpilot Innovation to Watch at the awards ceremony on September 19^th. The recognition acknowledges post-pilot, pre-commercial innovations in the automotive and future mobility space.

Hyundai Mobis was recognized for its Dual Actuator Rear Wheel Steering System. It is an advanced rear wheel steering system, which allows the left and right rear wheels to move independently in different directions with a maximum angle of 10 degrees.

In the traditional way, the single actuator system and the

Cambridge-educated journalist and author—and Commander of the Order of the British Empire (CBE) recipient—Bryan Appleyard has mainly covered the arts and sciences in his books and articles, so in some ways, he seems unlikely as the writer of a fresh history of the automobile. Yet his new book, The Car: The Rise and Fall of the Machine That Made the Modern World is no ordinary history. Instead, it is a delightfully meandering romp through key milestones in the development of the automobile, and the repercussions that it has wrought—both amazing and horrific.

This simultaneous dichotomy is elemental to the book’s deftness and its allure. “I didn’t really realize what the thesis of the book was until several months after I’d written

Ford Motor Co., citing inflationary pressures throughout the supply chain, said Monday it expects to end the third quarter with adjusted earnings before interest and taxes of between $1.4 billion and $1.7 billion, down from the $3 billion in adjusted earnings it posted over the same period a year ago.

The company’s latest third-quarter guidance is also below the FactSet consensus analyst estimate of $2.98 billion.

The automaker, however, reaffirmed its full-year guidance of $11.5 billion to $12.5 billion in adjusted EBIT, which would be 15 to 25 percent more than it earned in 2021.

The automaker said that inflation-related supplier costs during the third quarter will run about $1 billion higher than it was originally expected.

It expects to finish the period with between 40,000 to 45,000 unfinished vehicles waiting on parts. Most of those vehicles, it said, will be high-margin trucks and utility vehicles.

Ford finished the second

FRANKFURT AM MAIN, Germany, Sept. 21, 2022 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) has expanded its business transformation capabilities with the appointment of Heiko Rauscher as a Senior Managing Director in the firm’s Corporate Finance & Restructuring segment in Frankfurt am Main.

Mr. Rauscher, a business transformation expert with more than 20 years of advisory experience, joins the firm from Oliver Wyman, where he was a partner. He has led complex business transformation projects for entire companies and core functions such as supply chain, production and purchasing. Mr. Rauscher specializes in the automotive and industrial sector and advises original equipment manufacturers and suppliers on international and global assignments. He lived in China for more than a decade and is fluent in Mandarin; whilst there he built and led two management consulting, including Porsche Consulting Ltd. in Shanghai.

“The automotive and manufacturing industries are facing far-reaching

Meanwhile, Ford and Hyundai Motor Group are battling for the second place in the EV horse race.

Through July, the Ford brand came in second with 27,817 registrations, powered by the Mustang Mach-E, which soared 64 percent.

The arrival of the F-150 Lightning will drive the Blue Oval’s momentum in the second half of the year.

The battery-powered pickup had 2,679 registrations as of July, Experian said.

Hyundai Motor Group represents a formidable new competitor, as it has ambitions to bring four new EVs to the US by the end of next year.

The Hyundai brand’s Ioniq 5 crossover, with 15,322 new registrations, accounted for 3.9 percent share of the US EV market through July, the last full month before its EVs we’re made ineligible for tax credits under the Inflation Reduction Act. And after just six months on the market, the Kia EV6 captured 3.5 percent share, with 13,862

“I think everybody now understands that the show is not made for the egos of the top executives of the automotive industry,” Tavares said during a virtual media roundtable during the auto show last week.

“Everybody is looking at the return on investment in a more business-oriented way, which I think is good because if we are looking for a better return on investment, it makes more sense with a more frugal and more focused way of displaying the products and technology,” he said. A lower cost of entry “means that people will come back because it makes sense to come back — compared to some old days where there was a waste of resources that led to poor return on investment that then opened the door for some people not to come because it was not, from their perspective, a good investment.”

Although just four other automakers participated in

Four dealership groups expanded their holdings with purchases of stores in first-, second- and third-quarter acquisitions.

Here’s a look at the deals involving import, luxury and domestic dealerships in Indiana, Hawaii, Ohio and Wyoming.

Lou Fusz buys Kia dealership in Indiana

Lou Fusz Automotive Network of St. Louis on Aug. 3 bought Duell’s Evansville Kia in Indiana from Doug Duell and Amish Patel.

The store’s new name is Lou Fusz Kia of Evansville.

With the purchase, Lou Fusz now has 12 new-car dealerships, two used-vehicle dealerships and a motorsports store, said Randy Fusz, who runs the family’s automotive operations with his four brothers and sister as a silent partner.

“We love the [new store’s] location,” he said. “It’s the first dealership off ‘dealer row’ on Division Street. There’s a bunch of brands that go down that road.”

The group in May also purchased Tri-Ford Inc. in Highland, Ill. The growth