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Vehicle Supply and Demand Stabilizing Around a New Normal

Retrieved on:

Friday, May 3, 2024

Toyota, Data science, Ascent, Forester, On the Horizon, General Motors, GMC, Movement, Cadillac, Lead, Subaru, Horizon, Retail

GRAND RAPIDS, Mich., May 3, 2024 /PRNewswire/ -- Cloud Theory, the real-time automotive data insights provider for automotive manufacturers, agencies, and affiliates is reporting in May's On the Horizon report that new vehicle inventory, although still growing month-over-month, has begun to stabilize. While new vehicle supply grew by 1% on a month-over-month basis, broader trends are indicating that the automotive industry is shifting from recovery to a more stable picture on the supply side.

Key Points:

While new vehicle supply grew by 1% on a month-over-month basis, broader trends are indicating that the automotive industry is shifting from recovery to a more stable picture on the supply side.
Vehicle movement has largely maintained its March gains and is expected to do the same in May.
Higher incentive levels and seasonal tax refunds have helped to boost demand, though stubbornly high interest rates are still tempering results on the demand front to some extent.
"After a long period of recovery, we are very near to what will be the new normal of full supply."

Honda Plants 85,000 Trees to Capture Carbon and Enhance Biodiversity Near its Ohio Operations

Retrieved on:

Wednesday, May 1, 2024

Sale, Dream, Ohio Environmental Protection Agency, Biodiversity, Animal, Marysville Auto Plant, The, Water, USDA, Carbon, Farmer, Plant, Hazelnut, Tree, Bird, Maple syrup

RAYMOND, Ohio, May 1, 2024 /PRNewswire/ -- Honda today announced the planting of 85,000 trees in Union County, Ohio as part of the company's latest effort to enhance biodiversity and reduce its environmental footprint.

Key Points:

RAYMOND, Ohio, May 1, 2024 /PRNewswire/ -- Honda today announced the planting of 85,000 trees in Union County, Ohio as part of the company's latest effort to enhance biodiversity and reduce its environmental footprint.
The native trees will be known as the "Honda Power of Dreams Forest."
Honda is working with a neighboring farm to develop a tree-based system focused on maple trees for syrup production.
Honda also is working with a neighboring farm to develop a tree-based system focused on maple trees for syrup production.

Chamberlain Group's myQ Connected Garage Named an Automotive News PACE Award Finalist

Retrieved on:

Tuesday, April 30, 2024

Chamberlain Group, Mitsubishi Group, OAK, Craftsman, Original equipment manufacturer, Senior, Volkswagen, PACE, Mercedes-Benz, Automotive News, Satellite navigation device

OAK BROOK, Ill., April 30, 2024 /PRNewswire/ -- Chamberlain Group (CG), global leader in intelligent access and Blackstone portfolio company, was named a finalist in the 2023-2024 Automotive News PACE Award program for its vehicle-embedded, myQ Connected Garage solution.

Key Points:

OAK BROOK, Ill., April 30, 2024 /PRNewswire/ -- Chamberlain Group (CG), global leader in intelligent access and Blackstone portfolio company, was named a finalist in the 2023-2024 Automotive News PACE Award program for its vehicle-embedded, myQ Connected Garage solution.
The myQ Connected Garage is transformative cloud technology that enables drivers to control and monitor their garage door opener and other connected devices remotely using their vehicle's infotainment head unit and built-in connectivity.
Most other brands of garage door openers can be easily upgraded to a compatible smart garage with a myQ Smart Garage Control device .
"It is an honor to have our auto innovation named an Automotive News PACE Award finalist," said Jim Trainor, Senior Vice President & General Manager of Automotive Business, Chamberlain Group.

Honda Battle of the Bands to Make Los Angeles Debut in First-Ever West Coast Invitational Showcase

Retrieved on:

Tuesday, April 30, 2024

Six talented HBCU marching bands will perform live at the 2025 Invitational Showcase, making HBOB history as Honda brings the tradition and culture of HBCU schools to the West Coast for the first time.

Key Points:

Six talented HBCU marching bands will perform live at the 2025 Invitational Showcase, making HBOB history as Honda brings the tradition and culture of HBCU schools to the West Coast for the first time.
The bands will be selected through a voting process that includes HBOB fans, HBCU band directors and students, and Honda representatives.
Starting July 15, fans can visit www.hondabattleofthebands.com to vote for the HBCU marching bands they want to see perform at the 2025 Invitational Showcase in Los Angeles.
"We are thrilled to welcome Honda Battle of the Bands to our great city," said Inglewood Mayor James T. Butts.

Hybrid Vehicles Poised to Gain Market Share, Create Pathway to Meeting Auto Industry Environmental Goals as Regulatory Requirements, Dates Eased

Retrieved on:

Monday, April 29, 2024

Cloud, EVS, Investment, Data science, OEM, Original equipment manufacturer, EV, Hyundai Motor Group, Electric vehicle, Ford, Ford Motor Company, Anxiety, Stellantis, Polestar, Fireworks

GRAND RAPIDS, Mich., April 29, 2024 /PRNewswire/ -- Changes in environmental regulatory requirements for the auto industry over the past six months have shifted focus from Electric Vehicles and created a pathway for Hybrid Vehicles to gain more market share. These changes also shift power away from EV leader Tesla to more Hybrid-focused OEMs.

Key Points:

"Regulatory requirements and dates have eased, with the Biden Administration slashing EV adoption targets from 67% to 35% by 2032," Wainschel said.
In Q1 2024, year-over-year Hybrid share of vehicle movement jumped 3.2 percentage points, to 11.6% from 8.4% in Q1 2023.
"The shift in regulatory focus gives traditional OEMs more options to meet government standards and to appeal to consumers," Wainschel said.
For the complete eBook "Charging Ahead: Hybrids Come into Sharper Focus as EV Aspirations Meet Reality" download here .

Visteon Announces First Quarter 2024 Financial Results

Retrieved on:

Thursday, April 25, 2024

Visteon, Ford Puma, OEM, VAN, Public expenditure, Engineering, OLED, Ford, Share repurchase, Growth

VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported first quarter financial results.

Key Points:

VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported first quarter financial results.
The decline in net sales was primarily due to lower recoveries resulting from improved semiconductor supply in the first quarter of 2024 and 1% lower customer vehicle production.
Gross margin in the first quarter was $119 million, and net income attributable to Visteon was $42 million, or $1.50 per diluted share.
Visteon repurchased $20 million of shares in the first quarter of 2024 under the $300 million share repurchase authorization announced in March 2023.

Few small SUVs excel in new IIHS front crash prevention test

Retrieved on:

Thursday, April 25, 2024

Chevrolet Equinox, Semi-trailer, Escape, Motorcycle, CR-V, CX-5, Mitsubishi Group, Toyota, RAV4, SUV, Research, Ford Escape, Forester, Jeep, Volkswagen, Record, Hyundai, Ford, Subaru, Crash, Volkswagen Taos, Equinox, Outlander, AEB, IIHS, Road

“This is a vital update to one of our most successful test programs,” IIHS President David Harkey said.

Key Points:

“This is a vital update to one of our most successful test programs,” IIHS President David Harkey said.
The original vehicle-to-vehicle front crash prevention evaluation was developed when the technology was relatively new, so the performance requirements only addressed low-speed crashes.
While real-world data indicate that front crash prevention is eliminating higher-speed crashes, the original test didn’t provide a way to gauge the performance of specific systems at those higher speeds.
Updated front crash prevention ratings: Small SUVs

CarMax Unveils Latest Trends in Used EV Shopping

Retrieved on:

Monday, April 22, 2024

EVS, Toyota, Tesla Model Y, EVP, Research, Honda Accord, Accord, F-150, Jeep, EV, Volkswagen, Hyundai, LEAF, Ford, Ioniq, FAQ, Audi e-tron (brand), Nissan, Nissan Leaf, CarMax, Wrangler, Automotive industry

Richmond, VA, April 22, 2024 (GLOBE NEWSWIRE) -- CarMax , Inc. (NYSE: KMX), the nation's largest retailer of used cars, has released its latest findings on consumer trends in used electric vehicle (EV) shopping.

Key Points:

Richmond, VA, April 22, 2024 (GLOBE NEWSWIRE) -- CarMax , Inc. (NYSE: KMX), the nation's largest retailer of used cars, has released its latest findings on consumer trends in used electric vehicle (EV) shopping.
California continued to lead in EV sales at CarMax; there was a rise in EV sales on the East Coast, with Massachusetts, New York, and Maryland making the top ten list.
The Tesla Model 3 was the best-selling EV at CarMax from September 2023 to February 2024.
For more information on electric vehicles available at CarMax, visit CarMax Electric Vehicles Research Page to search by make or model, find FAQs, and more.

Asahi Kasei to Construct a Lithium-ion Battery Separator Plant in Canada

Retrieved on:

Thursday, April 25, 2024

To meet North American demand for battery separator for plug-in electric vehicles and to join North American LIB supply chains being established, in part as an effect of governmental clean energy policies, the decision was made to construct an LIB separator manufacturing plant in Ontario, Canada.

Key Points:

To meet North American demand for battery separator for plug-in electric vehicles and to join North American LIB supply chains being established, in part as an effect of governmental clean energy policies, the decision was made to construct an LIB separator manufacturing plant in Ontario, Canada.
“The separator is an extremely important component that contributes to higher performance and durability of batteries that are essential to EVs.
We are very excited to partner with Asahi Kasei, having outstanding technological capability and broad expertise regarding separators.
1 A lithium-ion battery separator is a microporous membrane that provides a barrier between the positive and negative electrodes of a lithium-ion battery, allowing lithium ions to pass through while preventing short circuits.

Helm.ai Announces Generative Simulation of High-Fidelity Labeled Images for Autonomous Driving

Retrieved on:

Tuesday, April 23, 2024

The new technology enhances the company’s suite of AI software solutions for developing high-end ADAS (Levels 2 and 3) and Level 4 autonomous driving systems.

Key Points:

The new technology enhances the company’s suite of AI software solutions for developing high-end ADAS (Levels 2 and 3) and Level 4 autonomous driving systems.
View the full release here: https://www.businesswire.com/news/home/20240423759604/en/
The company has developed its generative simulation models by training neural networks with large-scale image datasets.
Thus, Helm.ai’s generative simulation produces highly realistic synthetic labeled image data which can be used for large scale training and validation, especially to resolve rare corner cases.
"Generative simulation provides a highly scalable and unified approach to the development and validation of robust high-end ADAS and L4 autonomous driving systems," said Helm.ai’s CEO and founder, Vladislav Voroninski.