Automaker slowly rolls out a redesign of its top-selling model to avoid quality problems and recalls.
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The U.S. auto industry is entering a "new normal" where automakers and dealers will labor harder to maintain profits," according to a Forbes article citing the Market Outlook Report created by Dave Cantin Group and Kaiser Associates. The piece also highlights the report's prediction that 2024 "won't look quite as attractive as it did in 2023, but better than it did (for manufacturers and dealerships) in 2019." This makes 2024 the most important financial performance year for determining dealership values in a very long time. Read the full article here: https://bit.ly/3wE91Ys
Study Expects Auto Industry To Work Harder To Maintain Profits In 2024
forbes.com
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Ford has stumbled again but kudos to spokesperson Emma Bergg for her deft PR spin convincing the media it’s a natural function of the company’s manufacturing process. "This is not a stop sale," Bergg said about the 2024 electric F-150 Lightning pickups piling up on Ford’s holding lots because of a quality issue she wouldn’t disclose. "Stop ship is part of the built-in manufacturing process. It's all quality control." True, a stop sale is when Ford vehicles already on a dealers’ lots can’t be sold because of a safety or manufacturing issue, but if Ford can’t ship its EV pickups, it can’t sell them. Bergg told the trade pub electrek that Ford began shipping its 2024 Lightnings in January, which begs the question aren’t those vehicles impacted by the same quality issue that’s forced Ford to pause shipping newly manufactured Lightnings? Not one publication appears to have asked that question. Industry analyst Sam Fiorani told the Detroit Free Press that Ford had to stop shipping its Lightnings because of an electric connection with the headlights. "It's a new part for the 2024 model. The connector apparently can leak water and short out the lights. They'll flicker or turn off," Fiorani said. One might expect that the electric connection would have been thoroughly tested before being installed in hundreds of vehicles. Perhaps Ford discovered the water leak issue as part of its quality control process, but I wonder if perhaps the problem was discovered by consumers who took delivery of 2024 Lightnings last month in regions impacted by rain or snow. Tellingly, Ford won’t put a timeline on when it can again begin shipping its Lightnings, which suggests they don’t yet have an immediate fix. Ford CEO Jim Farley should count his blessings that he cut production of his Lightnings by 50% weeks ago because Ford likely wouldn’t have enough space to store them. GM CEO Mary Barra can relate to Farley’s problem. GM in late 2022 was forced to stop selling its EV Hummer for months because water could potentially leak into that vehicle’s battery. Barra is an authority on stop ship issues. The EV Blazers she manufactures in Mexico have been sidelined for more than two months because of software issues. GM’s 2024 Chevy Colorado and GMC Canyon midsize pickups are piling up on a lot in Missouri also because of a software issue. Vehicle thefts off storage lots are typically major issues for Ford and GM but fortunately for Farley and Barra auto thieves don’t steal many EVs because there’s not much of a demand for them. https://lnkd.in/gxpfgvGQ #ford #gm #evsales #ceo #manufacturingnews
Ford halted shipments of 2024 F-150 Lightning due to headlight issues
freep.com
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If you own a Toyota Motor Corporation truck, it's important to be aware of the recent recall due to safety issues. To find out if your truck is affected and the reason behind the recall, click the link below to read the article. Stay safe on the road! #Recall #SafetyFirst #AutomotiveIndustry #Motorlease #WhateverItTakes
Toyota recalls over 380,000 Tacoma trucks over increased risk of crash, safety issue
msn.com
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Freight Broker, Silver Agent at Sureway Transportation Company - Owner Real McCoy Freight Specialist LLC -
I remember a time where a pickup like this was in every driveway. Most guys were happy to have a truck, not only for basic transportation, but for the ability to haul whatever would fit in the 8' box. These trucks sold like hotcakes, and were a favorite among many men. Nowadays, the new truck market has lost its grip on what a truck was supposed to be- a cheap reliable workhorse. It's true, you have to make six figures in order to afford a new one and be comfortable with the payments. This leaves only a small group of people who can afford a new truck, causing manufacturers to rethink their current idea of what a truck is and what it does. But what happens if our major car manufacturers crash and burn? So many of them have spent big money getting into the EV's and they are not selling. If we lose these manufacturers, they will be gone for good, and it will further destroy the rest of the automotive support market that builds parts for the big three. This is a huge chunk of manufacturing here in the US. This might sound ridiculous, but I think a basic cheap pickup is just what we need as Americans to spur the economy. Toyota is doing just that, and I would hate to see our manufacturers miss out on that.
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Ford and other automotive companies lose large amounts of money on electric vehicles. They are still too expensive and costs need to go down rapidly to save the companies and their suppliers. "We will all win or lose together," is the message that has been sent to suppliers, asking them for cost cutting ideas. I have for eighteen years argued that the change to electric vehicles needs to be planned and paced in such a way that the industries that will play key roles in the change will have time to adapt. Instead, decision makers have waited until the last minute to make decisions. The automotive industry is one of the engines of development in modern society and these companies are (needless to say) extremely valuable for us all, contributing in so many ways to affluence. Politicians and company managers have been betting heavily on the rapid growth of demand for electric vehicles, despite the fact that vehicles are still very expensive and supply chains are not competitive against those of petrol and diesel vehicles. It is time to make realistic plans for the change and different players need to cooperate to make the change a success. https://lnkd.in/dEypNHjH
Ford begs suppliers to help stem EV losses: 'We will all win or lose together'
businessinsider.com
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Going #ev isn't as difficult as some of the noise may indicate, but it shouldn't be done without planning and support. Besides touting 0-60 speeds, our #oems can do more to accelerate the #evadoption. Daimler Truck North America is doing just that, with their BEV Certification Program! #kudos https://lnkd.in/euYjXWP7
Daimler Trucks North America launches BEV certification programme
electrive.com
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Toyota plant shutdown happened during system update, sources say: Filed under: Plants/Manufacturing,Toyota Continue reading Toyota plant shutdown happened during system update, sources say Toyota plant shutdown happened during system update, sources say originally appeared on Autoblog on Wed, 30 Aug 2023 08:50:00 EDT. Please see our terms for use of feeds. Permalink | Email this | Comments #car #cars #awesome
Toyota plant shutdown happened during system update, sources say - Autoblog
autoblog.com
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Not a good sign
General Partner at Automotive Ventures | Author of the book "The Future of Automotive Retail" | Author of the weekly "Intel Report": sign-up at automotiveventures.com
You know the market has slowed down when we need dealer-facing "stair step" incentives to help move the best-selling vehicle in the U.S. (the Ford Motor Company F-150 pickup truck). https://lnkd.in/eNfYt4i5
Ford revives stair-steps to move 2023 F-150s off dealership lots
autonews.com
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In some ways, this sounds like the old days -- dealers having to find ways to sell vehicles pushed onto them by their manufacturers. Two years ago, DAS Technology CEO & Co-Founder Alexi Venneri was all over this issue of customers placing multiple deposits on vehicles (it wasn't just an EV issue) and how dealers consistently communicating with their customers about the status of their ordered vehicles could position themselves to be first of mind in the buyer. But as automakers flirted with build-to-order and online-only ordering for their EVs, dealers are finding moving that unsold inventory more of a challenge today. https://lnkd.in/g62c5hEY
People put down deposits for every electric truck in development, leaving dealers in the lurch when they eventually cancel all but one
businessinsider.com
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