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An example of a few headlines sent to our customers on Mar, 22 2022
Automobile Industry

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March 22, 2022

Industry Roundup

Electric & Hybrid Vehicles

Rising gasoline prices increase appeal of EVs with Canadian consumers; 51% of Canadians report they will no longer buy gas-powered vehicles, 72% state they will consider EV for next vehicle purchase: Poll
Canada Newswire (03/21)

GM announces acquisition of SoftBank Vision Fund 1’s stake in Cruise self-driving, EV vehicle sharing service for US$2.1B, with GM investing an additional US$1.4B in Cruise; GM makes Cruise Origin EVs at its Factory ZERO in Detroit-Hamtramck, Michigan
General Motors Co. (03/21)

Light Vehicles

Michigan automakers struggle to hire workers, with employee numbers dropping by 18,000 in February as employment in other sectors grows; during Q4 2021 about 990,000 people worked in US auto industry
The Monroe Evening News (03/21)

Hankoop supplies ultra-high-performance tires for VW Golf GTI, Golf R, Tiguan R in 19-inch, 20-inch, 21-inch wheel size; Golf GTI, R equipped with Ventus S1 evo 3 tires, Tiguan R comes with Ventus S1 evo 2 SUV or evo 3 SUV tires
Contify Automotive News (03/21)

Sport Utility Vehicles (SUVs)

VW recalls more than 246,000 SUVs to correct faulty wiring harnesses that can cause vehicles to brake unexpectedly; recall includes certain 2019-to-2023 model Atlas SUVs, 2020-to-2023 Atlas Cross Sport SUVs, with owner notifications starting May 10
Associated Press (03/21)

GM begins production of Ultium EV architecture Cadillac Lyriq SUV March 21, with plans to deliver first vehicles to dealers in May; 96% of Cadillac dealers equipped to sell EVs as number of dealers drop to 544 dealers from 928 in four years
Zack's Commentary (03/18)

Heavy Trucks/Commercial Vehicles

Report shows lighter battery electric trucks with ranges between 150 to 200 mi. could be more feasible than heavy-duty trucks; 100 mi. of extra vehicle range costs 2,500 lbs. of payload and an additional US$20,000 for battery: Berylls Strategy Advisors
dbusiness.com (03/18)

Study finds that by 2030, nearly half of zero emissions medium-, heavy-duty electric trucks to be cheaper to buy, operate and maintain than diesel-powered trucks; smaller electric trucks expected to become cost-competitive before 2030: US Dept. of Energy
U.S. Dept. of Energy (DOE) (03/17)

Pickup Trucks

SUVs, pickups, vans, minivans have higher chance of hitting pedestrians when turning than cars, with A-pillars possibly making it harder for drivers to see pedestrians; pedestrian crash deaths up 59% since 2009, with 6,500 fatalities in 2020: IIHS
Insurance Institute for Highway Safety (03/18)

Toyota invests US$27M at Long Beach, California, plant to add coil-fed laser blanking line that uses steel, aluminum on same line, increasing capacity to cut 5.6 million blanks annually; stamping, welding plant employs over 350 people
Toyota Motor Corp. (03/17)

Vans

Mercedes-Benz increases use of sustainable materials in push to cut secondary raw material use by 40% in 10 years, have CO2-neutral fleet of cars, vans by 2039; company to use nearly CO2-free steel in some vehicles from 2025 onwards
Mercedes-Benz AG (03/17)

GM invests US$800M at Ingersoll, Ontario, plant to transition to EV600 van production, with Chevrolet Equinox line shutting in April; GM invests US$1B at Ramos Arizpe, Mexico, plant to increase Equinox, GMC Terrain production, transition to BEV production
Ward's Auto World (03/15)

Automotive Use

BASF enters strategic agreement with Zhejiang REEF Technology to develop recyclate formulations for applications in automotive, packaging and consumer industries; BASF will contribute its recently launched IrgaCycle additive for recycled polymers
BASF SE (03/21)

Axalta recognized by GM as a 2021 Supplier of the Year in paint category; Axalta has been a paint supplier to GM for more than 100 years, company says
GlobeNewswire (03/21)

Auto Parts & Accessories

ATC Drivetrain to open auto parts remanufacturing, battery life cycle management plant in Knoxville, Tennessee, in April; new US$8.3M plant to remanufacture parts including transmissions and engines, will create more than 200 jobs
Knoxville News-Sentine (03/18)

GM honors 134 suppliers from 16 countries with Supplier of the Year Awards, gives Overdrive Awards to 31 suppliers from 12 countries; nine diverse suppliers honored, with GM contributing US$17B in past five years to support diversity
General Motors Co. (03/18)

Tires

Pirelli suspends activities at Voronezh and Kirov tire plants in Russia due to Russia-Ukraine conflict, with employee salaries, benefits continuing; Voronezh plant is one of Russia’s largest tire facilities and Kirov plant makes 6 million tires per year
Interfax Russia & CIS Business and Financial Newswire (03/21)

Bridgestone Americas reports February IT security incident that caused company to disconnect affected system from its network; system reconnected after threat from untargeted ransomware attack contained
Bridgestone Corp. (03/21)

Batteries

VW joins Initiative for Responsible Mining Assurance, will gradually apply IRMA standards to its battery supply chains for raw materials such as cobalt, lithium, nickel, graphite; IRMA established rigorous standards for responsible raw material extraction
Volkswagen AG (03/18)

US DOE to invest US$5M for up to five pilot training programs as part of a national workforce development strategy for lithium-battery manufacturing, in conjunction with DOL, AFL-CIO; move to help support the domestic battery supply chain, decarbonization
U.S. Dept. of Energy (DOE) (03/18)

Car Dealers

Nissan announces management changes in North America, effective Apr. 1, with Jeff Pope as division VP, Dealer Network Development, replacing David Kershaw who will retire; Kim Less named VP Aftersales, replacing Michael Soutter who is named corporate VP
Nissan Motor Co. Ltd. (03/17)

America’s Car-Mart names Brian Stone executive VP of Procurement and Inventory, where he will oversee data analysis, reconditioning, inventory management, and leverage industry partnerships; Stone is a former vice president at CarMax
America's Car Mart (03/17)

Autonomous Transportation Technology

Designing the Future of Full Autonomous Ship consortium completes trial simulating ship operation of a distance of approximately 790 kms in Japan in move to further develop remote operation to address issues of labor shortages; DFFAS companies include NYK
Al Bawaba Business (03/21)

Kirkland, Washington, blocks trial of Amazon's robot-based Scout delivery system in city until issues such as safety, zoning, resident approval are addressed; Scout uses autonomous personal delivery devices that navigate sidewalks, crosswalks, driveways
Seattle Times (03/21)

Electric Vehicle Charging

Volvo partners with Garage Living, Compass to build recharge garage concept in Palm Springs, California, with three Volvo Level 2 chargers, to highlight at-home EV charging capabilities; 40% of garage design consultations now involving EV charging
Volvo Car Group (03/21)

Blink Charging receives US$800,000 grant from Massachusetts Dept. of Environmental Protection to install eight dual-port 75kW-to-175kW DC fast-charging stations in the state; Massachusetts intends to end gas-powered vehicle sales by 2035
Contify Automotive News (03/21)

Automotive & Driving

Winnebago announces new digital services, including customer-focused online shopping tools, online service featuring live product experts, mobile app for 2018-to-2022 vehicles to improve owner familiarity with vehicles, improve service
RV Industry Association (03/21)

RBC: EV makers may have to rethink raw material supply chains. as commodity prices from oil to metals like nickel, palladium have soared amid Ukraine crisis; various input prices, including for lithium, cobalt, copper, could move a lot in next few years
Indian Technology News (03/21)

KPMG: Rising fuel prices are changing Canadian attitudes toward EVs, as poll finds 61% say it's time to buy an EV, over 50% 'will never buy a gas-powered' car again; 6% have ordered an EV in past month, representing 50% rise in share of EVs sold in 2022
CNW Group Ltd. (03/18)

Auto Parts & Accessories

Delphi Technologies Aftermarket receives Supplier of the Year 2022 award from NEXUS Automotive International; award recognizes Delphi’s role in joint developments with NEXUS, including investment in smart mobility venture capital fund Mobilion
Dephi Technologies (03/18)

Valeo receives Global Market Leadership Award from Frost & Sullivan for cutting-edge 3D sensors, software perception stack for automotive industry; Valeo’s SCALA LiDAR sensor product includes AI-based software that detects objects up to 200 meters away
PR Newswire (03/18)

Fitch: China's zero-Covid policy and more lockdowns would threaten production and export of chips, as Shenzhen is technology hub housing 30 Taiwanese semiconductor companies; shortage should abate in 2023, but lockdowns would pose risk to auto production
Fitch Solutions Sector Intelligence (03/17)

Automobiles & Components group

Russia-Ukraine conflict affects tire, auto industries as Nokian Tyres cancels 2022 guidance due to ambiguity; Nokian plant in Vsevolozhsk, Russia, has 1,600 employees, annual capacity to make 17 million car, light truck tires
Rubber and Plastics News (CBNB Abstracts) (03/18)

Michelin suspends tire production at Davydovo, Russia, plant along with exports to the country, with company to support facility’s 750 employees; plant makes car tires, retreaded truck tires with annual capacity of 1.5 million-to-2 million tires
Interfax Russia & CIS Energy Newswire (03/18)

Nissan develops radio-controlled car to demonstrate e-4ORCE all-wheel control technology over a variety of surfaces; e-4ORCE traces intended driving line on most road surfaces without drivers needing to change driving style, input
Nissan Motor Co. Ltd. (03/18)

Autonomous Transportation Technology

BMW partners with Qualcomm, Arriver to develop automated driving technologies based on current BMW software launched in 2021 BMW iX; 1,400 specialists worldwide to create scalable platform with common sensor specifications, reference architecture
Qualcomm Inc. (03/15)

Batteries

Metal materials now account for 50% of battery cost, up from 10%, with Russia-Ukraine conflict raising metal prices even further; Tesla raises prices for Model 3, Model Y about 5% due to increase in raw material, logistics costs: market analysis
Proactive Investors (03/17)

Ontario government pushes to make province end-to-end EV maker, from lithium, nickel mining for batteries to vehicle production; Ontario investing US$9.2M in shift to EV production, with Ford, Stellantis, GM investing billions in province
Ward's Auto World (03/17)

Mercedes-Benz partners with Primobius to build CO2-neutral hydrometallurgy lithium-ion battery recycling plant in Kuppenheim, Germany, which opens in 2023; new Mercedes subsidiary LICULAR to run plant, will work with recycling partners in US, China
Mercedes-Benz AG (03/16)

Electric & Hybrid Vehicles

Fitch forecasts global EV sales to jump 43.2% in 2022, and sales in Europe to rise 34.4%, as governments such as France, Germany start delaying deadline for EV purchase incentives to expire; supply of EVs will be only real headwind to sales growth in 2022
Fitch Solutions Sector Intelligence (03/17)

Pirelli introduces new P Zero all-season EV replacement tire in North America in sizes from 18 to 20 inches; tires cut rolling resistance by 15%, reduce cabin noise by 5%, feature a special structure to support added weight of battery-powered vehicles
Pirelli & C. SpA (03/17)

Pirelli supplies P Zero Elect tires for xDrive 50, M60 versions of new BMW iX EV SUV; A-rated tire has low rolling resistance for greater range, reduced external profile to improve aerodynamics, sound-absorbing materials to dampen acoustic vibrations
Pirelli & C. SpA (03/17)

Electric Vehicle Charging

Volvo partners with Starbucks to offer open, public EV charging at US stores starting this summer; up to 60 ChargePoint DC fast chargers to be installed at up to 15 Starbucks locations on 1,350-mile route from Denver, Colorado, to Seattle, Washington
Volvo Car Group (03/16)

Kia partners with Currently for pilot program to offer on-demand concierge EV charging services in Los Angeles, San Francisco, San Jose, California; app-based program gives Kia EV owners three free charges for two months
Kia Motors Corp. (03/16)

Bloomberg reports US EV sales of 657,000 units in 2021, growing from 115,000 units in 2017; DOE estimates 81% of vehicle charging done at home at cost of US$16 or less per charge, with 14% of charging at work, 5% at commercial chargers
USA Today Online (03/15)

Light Vehicles

VW expands EV production, with plants in Emden and Hanover, Germany, Chattanooga, Tennessee, making EVs this year to handle increase in sales; VW EV sales up 73% in 2021, with 369,000 PHEVs, battery-powered vehicles delivered worldwide
Volkswagen AG (03/17)

BMW reports 2021 net profits of €12.5B, up 223.1% from a year ago, with revenue up 12.4% to €111.2B from 2020 on 8.4% delivery growth; new plant breaks ground in June in Hungary to make first Neue Klasse prototypes using digitalized iFactory approach
BMW AG (03/17)

Dodge Power Broker dealer network opens with about 100 participating dealer to serve performance-focused customers with new Direct Connection performance parts; new DCPerformance.com site offers more than 200 Direct Connection performance parts
Stellantis NV (03/16)

Sport Utility Vehicles (SUVs)

Mercedes-Benz opens new battery plant in Bibb County, Alabama, ahead of schedule to make lithium-ion batteries for EQS SUV, EQE SUV; plant to create 600 new jobs on 300-meter-long fully digitized production process with 70 work stations
Mercedes-Benz AG (03/16)

VW reports SUVs accounted for 75% of US sales in 2021 at 375,300 units, as global delivery of BEVs nearly doubled last year to more than 450,000 units; VW number one in European BEV segment, number two in US market
Volkswagen AG (03/16)

Global automotive axle market predicted to surpass US$39.0B by 2028, with 5.59% CAGR from 2021 to 2028; surge in demand for SUVs, MUVs, EVs, hybrids, overall increase in vehicle production to propel market demand: report
PR Newswire (03/16)

 Logistics

Trucking/Van Delivery

US Midwest-based trucking service Hill Brothers selects IoT company ORBCOMM to help streamline its dry and refrigerated trailer fleet operations and gain insight via ORBCOMM's monitoring solutions; Hill Bros expects to fully deploy its solutions by July
GlobeNewswire (03/21)

XPO recognizes record number of 261 North American LTL drivers for driving a total of 328 million accident-free miles in 2021; 18 drivers surpassed two million accident-free miles in last six months of 2021 and five drivers achieved three million miles
XPO Logistics Inc. (03/21)

On-Demand Local Delivery

UK Assn. of Convenience Stores launches guidance that details how to approach delivery and refusal of age restricted products; news comes as 22% of convenience retailers offer some form of local grocery delivery service, per its 2021 Local Shop Report
Contify Retail News (03/21)

Online grocer Farmstead teams up with automation specialist Dematic to offer an e-grocery 'warehouse in a box' solution; turnkey solution aims to help companies to get a dark-store delivery operation up and running in two to three weeks
Supermarket News (03/18)

Highways & Roads

Moody's: Climate change already disrupting global supply chain, with rising sea levels among greatest risks; ports, rail lines, highways, other transport/supply infrastructure to be threatened by increases in sea level of an estimated 2 to 6 feet by 2100
Insurance Journal (03/21)

Logistics/Transportation Infrastructure

Northwest Seaport Alliance, USDA to open 49-acre pop-up storage port in Seattle to help exporters store, move dry and refrigerated containers for quicker loading onto ships; 24% fewer full containers were exported from NWSA ports in 2021 compared to 2019
Targeted News Service (Press Releases) (03/21)

Ukraine's food supply chain is collapsing amid damage and destruction to infrastructure such as train lines, bridges and airports due to conflict with Russia, according to senior official for the UN's World Food Program
just-food.COM (03/18)

 Stock

Latest: Mar, 21 2022

Latest Value Prev Chg YOY Chg
Watchlist
Ford Motor (F) 16.48 16.86 -2.25% 28.45%
General Motors (GM) 43.61 44.82 -2.70% -27.10%
Tesla (TSLA) 921.16 905.39 1.74% 40.66%
SAMPLE REPORT