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An example of a few headlines sent to our customers on Jun, 21 2022
Automobile Industry

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June 21, 2022

Industry Roundup

Electric & Hybrid Vehicles

GM raises prices on Hummer EV SUV, EV pickup truck models by US$6,650 starting with orders placed June 18 due to increase in costs for logistics, parts; GM reports 77,500 reservations for the new EV models, with deliveries starting in spring 2023
Car and Driver (06/20)

Stellantis to sell only hybrid Jeep-brand vehicles in most European markets starting at end of the year, with EVs accounting for half of North American sales by end of decade; small Jeep EV crossover planned for Europe soon
Zack's Commentary (06/20)

Light Vehicles

Stellantis assembly plant in Windsor, Ontario, recognized by Wildlife Habitat Council for clean-up of Turkey Creek on World Environment Day, June 5, 2022; WHC recognizes plant for promoting environmental sustainability
Stellantis NV (06/20)

Volvo Energy invests 50M krona in second-life battery storage firm Connected Energy to accelerate Volvo’s battery business and sustainability opportunities; investment will help secure circular business opportunities for Volvo battery returns
PR Newswire (06/20)

Sport Utility Vehicles (SUVs)

Ford recalls 53,100 model year 2021-2022 Bronco SUVs because rear passenger-side door may open when child safety lock is in On position; dealers to replace locks when necessary, with Ford notifying owners July 25
Cars.com LLC (06/16)

Ford recalling 49,000 Mustang Mach-E EV SUVs due to battery issue resulting from DC fast charging, ‘wide-open pedal events’ that can overheat battery contacts, result in vehicle losing power; over-the-air software update planned for July
Cars.com LLC (06/15)

Heavy Trucks/Commercial Vehicles

Joliet, Illinois-based freight transportation company GP Transco wins FreightWaves' Best OTR Trucking Company for Competitive Pay and Benefits; company offers dry van freight transport services across US with a fleet of over 500 trucks and 700 trailers
GlobeNewswire (06/20)

Lawmakers introduce bill to repeal the 12% federal excise tax on heavy trucks, which could add over US$30,000 to the cost of new heavy vehicles for highway use; tax disincentivizes truckers from purchasing the most up-to-date trucks, say legislators
Targeted News Service (06/20)

Pickup Trucks

Renault, Nissan resume pickup truck production Wednesday at shared plant in Cordoba, Argentina, after receiving tires; tire shortage caused by labor dispute at Fate, Pirelli, Bridgestone tire plants that supply much of Argentina's auto industry
CE Noticias Financieras (06/16)

Manufacturing backlogs have new EV pickup truck buyers reserving more than one model of truck, with 89% of Tesla Cybertruck pre-orders overlapping with another truck reservation; refundable reservations let buyers keep options open when ordering
GlobeNewswire (06/15)

Vans

Airstream introduces Mercedes-Benz motorhome E1 Package with Volta power system with high-capacity 12,000 Watt-hour lithium battery pack, inputs for solar harvesting; package also includes diesel-fired hydronic heating, hot water system
The Sidney Daily News (06/16)

Auto Interior

Apple previews next-generation CarPlay system to work with iOS 16 that will deeply integrate with vehicle hardware; updated system to create content for multiple screens, offer radio and climate control, speed, fuel level on instrument cluster
Automotive Interiors World (06/17)

Automotive Care

Volvo building new technical and training facility at North American headquarters in Mahwah, New Jersey, to open in March 2023 to prepare for focus on EV sales; center to support retail service technicians from US, Canada, Mexico, South America
Volvo Car Group (06/20)

Valvoline opens first company-owned heavy-duty fleet service center in Lexington, Kentucky, to service Class 5-8 vehicles weighing up to 30,000 pounds; annual US market for outsourced maintenance for heavy-duty vehicles estimated at US$8B
PR Newswire (06/17)

Automotive Use

Lotte Chemical and Sasol to conduct pre-feasibility study of a joint production plant for battery-grade electrolyte solvents used in electric vehicle batteries; companies will explore locations in Lake Charles, Louisiana, and Marl, Germany
Business Wire (06/20)

BASF to construct commercial-scale battery recycling black mass plant in Schwarzheide, Germany, with startup expected in early 2024; site supports cathode active materials production for electric vehicle manufacturing in central Europe
BASF SE (06/20)

Auto Parts & Accessories

Polaris to sell Transamerican Auto Parts business to aftermarket vehicle enhancement company Wheel Pros for an estimated US$50M; transaction includes 100 4 Wheel Parts retail stores, all TAP product lines, manufacturing, distribution, 1,700 employees
Business Wire (06/20)

US asks Mexican government to investigate possible labor rights abuses at GM, Tridonex, Panasonic, Teksid Hierro auto parts plants in the country; Mexican auto industry produced 1.4 million units in first five months of 2022, 3.5% more than a year ago
CE Noticias Financieras (06/20)

Tires

American Tire Distributors completes acquisition of Monro’s seven wholesale tire, distribution assets in Kentucky, North Carolina, South Carolina, Tennessee; the centers serve more than 3,500 wholesale customer locations annually
Business Wire (06/20)

Bridgestone launches WeatherPeak tire, the brand’s first touring tire with all-weather capability, in US, Canada; tire features 3D sipes that evolve as tire wears, comes in 56 sizes to fit 87% of sedans, minivans, crossovers in service today
Bridgestone Americas Inc. (06/17)

Batteries

Recyclops receives investment from Utah-based portfolio manager Larry H. Miller; support to expand rural operations for Salt Lake, Utah counties, including for plastic fruit, salad containers, film, bags, lightbulbs, batteries, PS foam, textiles, clothing
PR Newswire (06/20)

Chicago-based research firm PreScouter reports used batteries are 'ideal starting point' for sourcing recycled metals for use in new batteries; EU targets mandate 4% of lithium, nickel and 12% of cobalt used in new cells must be recycled material by 2030
PR Newswire (06/16)

Car Dealers

Ford teams with dealers for Sponsor Our Student program to train next generation of automotive technicians; more than 1,000 dealers have enrolled since program’s start in April and have committed to sponsor over 3,600 high school, college students
Ford Motor Co. (06/15)

Nissan reportedly tells US dealers to stop taking orders for 2023 Ariya SUV EV after supply chain issues affect production in Japan; it is unclear when orders will be allowed again and when Nissan will be able to deliver 6,000 Ariyas allotted to US market
Zack's Commentary (06/14)

Autonomous Transportation Technology

NHTSA reports nearly 400 vehicle crashes occurred in the past year that can be traced to driver-assist technologies; data comes from new NHTSA large-scale safety report
The Breeze (James Madison University) (06/20)

Stellantis selects Valeo's third-generation SCALA 3 LiDAR technology for multiple 2024 models in different brands; SCALA 3 LiDAR offers resolution nearly 50 times that of second-generation devices, enables vehicles to be certified at Level 3 automation
Euronext Paris (Alternative Disclosure) via PUBT (06/15)

Electric Vehicle Charging

Biden Administration, along with Norway, announces Green Shipping Challenge to encourage maritime shipping sector to commit to concrete steps toward decarbonization by 2050; efforts could include developing zero-emission bunkering, recharging capabilities
States News Service (06/20)

Trucking industry explores cybersecurity standards as advances in tech increase risks of attack; SAE International is developing a secure charging electric vehicle ecosystem, as well as a process to address cybersecurity threats for vehicle connectivity
Transport Topics (06/15)

Automotive & Driving

Rising fuel prices cause RV renters to plan 100-mile to 150-mile trips closer to home or have RV delivered to final destination; 58% of RV renters factor fuel prices into summer plans, with 16% saying fuel costs have cut, eliminated travel plans
Reuters (06/20)

Sony and Honda sign agreement to create joint venture to build, sell EVs, with first model coming by 2025; Honda to provide manufacturing, Sony to provide tech expertise in new firm to be named Sony Honda Mobility Inc.
Car and Driver (06/17)

GM to offer Samsara’s Connected Operations Cloud fleet management solution to fleet customers via OnStar embedded module on properly equipped 2015 or newer GM vehicles; Samsara platform offers information on vehicle fuel levels, usage, speed, location
Business Wire (06/17)

Auto Parts & Accessories

BorgWarner releases 2022 Sustainability Report; highlights include 88% of revenue in 2021 from clean and emissions-reducing products, company cuts CO2 emissions by 11.7% from 2018, electric energy use down 5.2% from 2018
BorgWarner Inc. (06/17)

Lear releases 2021 Sustainability Report: highlights include Lear’s E-Systems reduced CO2 emissions by 2.7 million metric tons in 2021, firm diverted 144,000 metric tons of waste from landfills, plants in Germany, Poland, UK using 100% renewable energy
PR Newswire (06/17)

Automotive supplier Solero Technologies opens new 13,000 square-foot headquarters in Rochester Hills, Michigan, with sales, engineering, warehouse, advanced solenoid development lab; business is formerly the North American controls business of BorgWarner
The Daily Tribune (06/16)

Automobiles & Components group

Tesla increases prices on entire line of vehicles; Model X Dual Motor AWD price jumps US$6,000, Model S Dual Motor AWD Long Range price increases US$5,000, Model Y Performance price up US$2,000, Long Range EV price increases US$3,000
Techspot (06/17)

Bridgestone, Dow co-develop B-Seals sustainable silicone-based tire sealant technology that can be removed, recycled after application, which supports end-of-life tire recycling; Bridgestone to initially offer B-Seals tires to vehicle OEs
Waste360 (06/17)

Mitsubishi recalls up to 33,911 2001 to 2008 Lancer, Outlander models in Mexico for possible accessory belt drive auxiliary pulley failure; dealers to inspect affected vehicles, replace tensioner, belt, idler pulley if necessary
CE Noticias Financieras (06/17)

Autonomous Transportation Technology

GM’s autonomous vehicle unit Cruise gets driverless deployment permit by California PUC to start commercial services, charge fares, in San Francisco, California; Cruise uses fleet of 30 fully automated Chevrolet Bolt EVs to ferry passengers
Zack's Commentary (06/14)

Batteries

WoodMac: Electrification of transportation sector has caused demand boom for lithium-ion batteries, whose global cumulative capacity could rise over five-fold between 2021-2030; recycling alone can ease raw materials supply pressure but cannot meet demand
Wood Mackenzie (06/16)

Battery maker Expion360 plans to build US$450M lithium battery manufacturing plant in Redmond, Oregon, to make batteries for RVs, other markets; plant to have capacity to make 250,000 Type 26650 lithium battery cells daily
RV Business (06/16)

Enovix reports tests show 0.27 Ah 3D silicon lithium ion EV test cells charge to 80% of capacity in as little as 5.2 minutes, 98% charge capacity in under 10 minutes; cells surpass 1,000 cycles with 93% capacity, 10-year calendar life
GlobeNewswire (06/14)

Electric & Hybrid Vehicles

Bloomberg predicts VW to overtake Tesla as global EV leader in 2024, with battery-electric vehicles accounting for 15% of global market by 2025; VW currently leads European market, is ramping up production of MEB platform models
Green Car Reports (06/16)

GM investing over US$81M at Global Technical Center in Warren, Michigan, to hand-build new Cadillac Celestiq EV; vehicle to be built on GM’s Ultium Platform, contain over 100 3D printed polymer, metal structural and cosmetic components
General Motors Co. (06/16)

Euromonitor: World EV market growing swiftly as governments aim to decarbonize transport industry, but sizable proportion of consumers aren't jumping on bandwagon; survey finds consumers view EVs as premium purchase despite prices falling over last decade
Euromonitor International Ltd. (06/15)

Electric Vehicle Charging

Stellantis tests dynamic wireless power transfer technology at test track in Chiari, Italy, with Fiat 500 EV that receives DC power from aluminum cables embedded in roadway; technology has applications in parking lots, home driveways, garages
Green Car Reports (06/15)

EV charging equipment, services firm Blink Charging acquiring EV charging infrastructure firm SemaConnect for US$200M; deal will add 13,000 EV chargers to Blink’s network, 3,800 site host locations, over 150,000 registered members
GlobeNewswire (06/15)

Autel U.S. introduces MaxiCharger home, commercial-level 2 AC chargers in US with 40-amp home use, 50-amp home use, 50-amp commercial indoor, outdoor charger models; chargers are compatible with all plug-in electric vehicles
AMN Aftermarket News (06/14)

Light Vehicles

Stellantis reportedly informs UAW that indefinite layoffs expected to begin as early as Monday at Stellantis Sterling Heights, Michigan, stamping plant in response to supply chain issues, parts shortages; plant employs over 2,100 people
The Macomb Daily (06/16)

Executive Perspective: Consumer demand for vehicles remains strong in US say GM, Ford executives, with GM looking to up 2022 production 25% to 30% over 2021; low inventories averaging 45 to 55 days should benefit companies if US economy enters recession
National Automobile Dealers Association (NADA) (06/16)

Ford recalls 2.9 million vehicles to fix shifter cable bushing that can prevent transmission from shifting into intended gear, allowing vehicle to roll when parked; recall involves certain Escape, C-Max, Fusion, Edge, Transit Connect vehicles
Associated Press (06/16)

Pickup Trucks

Renault, Nissan stopped pickup production Monday at shared plant in Cordoba, Argentina, due to lack of tires resulting from labor disputes at three tire plants in the country; shutdown affected Renault Alaskan, Nissan Frontier pickup model production
CE Noticias Financieras (06/15)

 Logistics

Trucking/Van Delivery

Driver recruitment solution company Ten4 Connect hits milestone by helping Chicago-based Instant Trucking to hire over 11 intermodal drivers in under 2 weeks; company's all-inclusive system handles recruitment to help users focus on their business
M2 PressWIRE (06/16)

C.H. Robinson wins SupplyTech Breakthrough's Logistics Innovation of the Year award, while FedEx wins Overall SupplyTech Solution of the Year and XPO wins Fleet Management Company of the Year; Dorabot wins eCommerce Innovation of the Year
PR Web (06/16)

On-Demand Local Delivery

US rapid delivery player GoPuff has discounted nearly 30% of orders as of April, while Getir has discounted over 80% of its orders in countries including Germany, France; news comes as rapid delivery startups are shuttering, leaving markets: YipitData
Quartz (06/20)

Papa John's tests pizza delivery by drone from store in Powder Springs, Georgia, via partnership with Dayton, Ohio-based Drone Express; drone service is limited to single-pizza orders within a mile of the store during the day
Atlanta Journal-Constitution (06/17)

Logistics/Transportation Infrastructure

Canadian National to invest C$390M in British Columbia to promote sustainable growth, safe movement of goods; funds to support decarbonization efforts, as well as maintenance, such as replacing 111 miles of rail, upgrading bridges and track infrastructure
Canadian National Railway Co. (CN) (06/20)

Canadian National to invest C$335M in Quebec to promote sustainable growth and safe movement of goods; funds to support decarbonization efforts, tech, as well as maintenance, such as replacing 27 miles of rail, working on bridges and track infrastructure
Canadian National Railway Co. (CN) (06/20)

 Stock

Latest: Jun, 20 2022

Latest Value Prev Chg YOY Chg
Watchlist
Ford Motor (F) 11.23 11.23 0.00% -22.66%
General Motors (GM) 31.88 31.88 0.00% -45.75%
Tesla (TSLA) 650.28 650.28 0.00% 4.33%
SAMPLE REPORT