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Lear Earns Seven Top Finishes in J.D. Power Seat Quality and Satisfaction Study, Leading All Automotive Suppliers
Prnewswire· 2025-08-21 12:30
Core Insights - Lear Corporation achieved seven top-four finishes in the J.D. Power 2025 U.S. Seat Quality and Satisfaction Study, outperforming all other seating competitors for the third consecutive year [1][3] - The study surveyed 92,694 vehicle purchasers and lessees of new 2025 model-year vehicles, conducted from June 2024 through May 2025 [1] Company Performance - Lear's President and CEO, Ray Scott, emphasized the company's commitment to advanced innovations and operational excellence, which contributed to their industry-leading performance [1] - The company swept the top three vehicle spots in the Mass Market Truck/Van category with the GMC Canyon, Hyundai Santa Cruz, and Chevrolet Silverado HD [3] - Lear achieved the best in-segment score in the Small/Compact SUV category with the Ford Bronco Sport [3] - The company earned three top-four finishes across two Premium segments (Car and SUV), including the Porsche 911, Porsche Taycan, and Jaguar F-Pace [3] Company Overview - Lear Corporation is a global leader in automotive Seating and E-Systems, headquartered in Southfield, Michigan, and is the largest U.S.-based automotive supplier [2] - The company has over 100 years of heritage and focuses on innovation, operational excellence, and sustainability to enhance comfort, safety, and efficiency in mobility solutions [2]
Global Electric Vehicle Competition Picks Up
Bloomberg Technology· 2025-08-18 19:48
Rare Earths & Critical Minerals Supply Chain - Establishing a domestic rare earth magnet manufacturing business is possible but faces challenges [1] - Building the infrastructure for harvesting and refining rare earths takes considerable time, impacting EV production [2] - Government intervention is warranted in cases of market failure or negative externalities related to public goods like climate [4][5] - Ford and other U S manufacturers have experienced production pauses due to rare earth supply shortages [6] - The U S refining infrastructure for rare earths is estimated to be up to speed within 5 to 10 years [7] Electric Vehicle (EV) Market & Policy - The transition to EVs accelerated after 2010, reaching approximately 10% market share [8] - IRS tax credits have significantly influenced EV sales, with potential slowdowns anticipated without them [8][9] - Domestic sourcing of critical minerals is crucial for climate and national security reasons [9] - The Trump administration invested in private industry, such as MP Materials, to advance domestic rare earth production [3]
Shelby American Unveils 2026 Wide Body Super Snake-R, a Bold, Track Centric Sports Car with Coil Suspension and 850+ HP
GlobeNewswire News Room· 2025-08-14 00:45
Core Insights - Shelby American has launched the 2026 Shelby Super Snake-R, a limited edition sports car based on the Ford Mustang Dark Horse, featuring advanced performance enhancements and a focus on track capabilities [1][2][3]. Group 1: Product Features - The Shelby Super Snake-R is powered by a supercharged 5.0L V8 engine, producing over 850 horsepower, and is available with either a 6-speed manual or a 10-speed automatic transmission [2][3]. - The car incorporates a fully adjustable coil-over independent suspension, wider stance, and aerodynamic carbon fiber components, which contribute to its superior handling and performance [3][4][5]. - Despite the significant power increase of approximately 40%, the Shelby Super Snake-R weighs only 4,004 pounds, just 116 pounds more than the base Mustang Dark Horse [5][6]. Group 2: Market Positioning and Pricing - The starting price for the Shelby Super Snake-R is set at $224,995, which includes the base Ford Mustang Dark Horse [7]. - Shelby American has emphasized customer feedback in the development of the R version, aiming to deliver a vehicle with greater capabilities and performance [7]. Group 3: Company Background - Shelby American, a subsidiary of Carroll Shelby International Inc., specializes in manufacturing high-performance vehicles and has a rich history in motorsport [8]. - The company offers a range of performance vehicles, including authentic continuation Cobras and various Ford Mustang packages, and maintains a registry for each vehicle produced [8].
Mercury Insurance Unveils This Year's Most Affordable New Trucks and SUVs to Insure
Prnewswire· 2025-08-12 13:00
Core Insights - The truck and SUV segments remain highly sought after by American consumers, prompting Mercury Insurance to compile a list of the most affordable new trucks and SUVs to insure for 2025 [1][3] - This marks the 10th year Mercury has published this list, which includes vehicles from the 2025 and 2026 model years [2] Truck Segment - The top 10 list for trucks includes models such as Chevrolet Colorado LT, Chevrolet Silverado C3500, and Ford Maverick/Ford Ranger, ranked by affordability to insure [6] - Factors influencing insurance costs include claims on similar vehicles, repair costs, and vehicle safety records [2] SUV Segment - The top 10 list for SUVs features models like Hyundai Sante Fe, Honda Pilot, and Kia Sportage, also ranked by affordability to insure [6] - The variety in this year's list caters to consumers with different budgets and lifestyles, from compact SUVs to larger midsize options [3] Company Overview - Mercury Insurance is a multiple-line insurance carrier offering personal auto, homeowners, renters, and commercial insurance across several states [5] - The company has a strong reputation, earning an "A" rating from A.M. Best and recognition as "Best Auto Insurance Company" by Forbes and Insure.com [7]
X @Elon Musk
Elon Musk· 2025-08-11 20:13
RT Wes (@wmorrill3)Love to see Ford mentioning "The best part is no part" and "Question the requirements" it's clear to see some lessons learned from Doug and Alan's time at Tesla.Adopting large castings, using the battery pack as the floor, heat pump (mentioned less hoses), 48v + ethernet (mentioned reduce wiring), zonal controllers are all innovations that have helped Tesla excel, so they are definitely picking a solid architecture here.Glad to see at least one legacy automaker make the investment to join ...
Carjackers lead police on DRAMATIC high-speed chase in LA on LIVE TV
MSNBC· 2025-08-11 19:31
Overnight, a dramatic chase and suspects still on the loose. This is now the California Highway Patrol that is in pursuit. On a California freeway, police in pursuit of carjackers who they say took over a series of vehicles, including a semitr.Authorities say the chase began after law enforcement received a call of a carjacking at gunpoint. Is believed to be carjacking suspects inside of this Ford F-150. They even shot at the rightful owner.The suspect's driving on the wrong side of the freeway. Move out of ...
Tariffs Dominate Earnings Calls on Wall Street
Bloomberg Television· 2025-08-08 12:47
With over 80% of the S&P 500 market cap announcing second quarter earnings. There's one word that CEOs and analysts can't stop talking about. Tariffs.According to the latest Bloomberg analysis of earnings calls from Russell, 3000 companies tiers were mentioned nearly 4500 times. That's a massive surge from last year when none were being added Associated with that material's costs talked about 30% more frequently. And guess what's taking a backseat.Mentions of inflation thinking nearly 30% and diversity arou ...