AD #4104 - Mercedes Stops Selling EVs In U.S.; Trump to Dismantle GHG Regs; Aston F1 Worth More Than Aston Martin
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AD #4104 - Mercedes Stops Selling EVs In U.S.; Trump to Dismantle GHG Regs; Aston F1 Worth More Than Aston Martin
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Speaker 1: This is underlined daily the show dedicated to enthusiasts of the global automotive industry. Seems like the Trump administration is
systematically taking a part environmental regulations that have been in place for years, and environmentalists are.
Speaker 2: Pulling their hair out.
Speaker 1: Yesterday, the Environmental Protection Agency proposed to eliminate the government's ability to regulate greenhouse gases as air pollutants. Back in
two thousand and nine, the EPA ruled that greenhouse gases are a danger to public health and welfare. That finding
is the basis for regulating CO two methane and other greenhouse gases, But the EPA now wants to walk back that ruling, which would likely undo a host of emission regulations.
While the proposal could be finalized by the end of the year, environmentalists have already said that they will fight it in court. The Environmental Defense funds fighting Data from
the US Energy Information Agency says that the lower CO two standard will raise demand for gasoline.
Speaker 2: Which in turn will push prices up.
Speaker 1: By eighteen cents a gallon by twenty thirty four and seventy five cents by twenty fifty.
Speaker 2: More.
Speaker 1: Automakers are reporting their second quarter results and its doom and gloom all across the world, with one exception. Nissan
posted a seven hundred and eighty million dollar loss, Mercedes Benz saw net profits plunge sixty nine percent, and Porsche's net profit fell sixty six percent. They all blame US
terras for their drop in earnings, while Renault, which is not at all affected by the terraffs, lowered its guidance for the rest of the year, blaming a weak retail environment in Europe and a big drop in sales of commercial vehicles. But then there's Toyota the exception. It reported
record global sales for the first half of the year, selling five and a half million vehicles, up more than seven However, Toyota imports about six hundred and fifty seven thousand vehicles to the US, about twenty eight percent of its total US sales, so it's hard to see how it can maintain that rate with the tariffs driving up prices.
And what does ford Ze coming for the future. It
just took out a line of credit with JP Morgan Chase for three billion dollars. And remember this is a
company that finished the first quarter with twenty billion dollars in cash on hand and another fourteen billion in liquid securities, and yet it wanted to have access to another three billion.
Of course, the best time to get a bank to approve a line of credit is when you don't need it.
But this probably means that Ford sees a flashing yellow icon on its dashboard and wants to be ready in case things start to go upside down. Aston Martin is
set to sell off part of its stake in its F one team, and it shows just how much the value of F one teams has skyrocketed over the last few years. Aston F one is now valued at three
point two billion dollars. The automaker is selling its minority
stake for about one hundred and forty seven million, but won't say who the buyer is since the deal isn't officially completed yet. Last year, the team was valued at
two point four billion, so the three point two billion dollar valuation is a huge step up. And that's up
from one point three billion dollars in twenty twenty three.
Speaker 2: And here's the craziest part.
Speaker 1: Aston's F one team is worth more than Aston Martin.
Speaker 2: The car company.
Speaker 1: Aston F one has a market cap three times bigger than Aston Martin, which is valued at just over a billion dollars.
Speaker 2: And speaking of F one.
Speaker 1: AUDI has named British financial technology company Revolute as its title sponsor. AUDI is joining the racing series next year
and is taking over for the Sober team. And in
other AUDI news, the automaker is planning to launch a new EV that will be quote something in between the TT and the right. AUDI CEO confirmed that it will
reveal the model at the Munic Auto Show in September, and while it will initially debut as a concept, a production version will launch in two years. Audi isn't sharing
any details yet, but it's expected to have better performance than the outgoing TT.
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Speaker 1: Chevy is giving us a slightly clear picture of what the new Bolt is going to look like. It showed
several close ups of the model on its Instagram page, which not surprisingly looks like it should fit right in with Chevy's other evs, but we think it's most closely related to the Electric Blazer. The brand also showed off
the Bolt standard, next charging port, and a new set of wheels, which have spokes that kind of fan out stay tuned uned. Chevy says it will reveal more this fall.
Tesla signed another big deal in the US the other day.
It secured a sixteen point five billion dollar partnership with Samsung to make semiconductor chips in Texas, and now it's working out a four point three billion dollar battery deal with LG to build LFP cells in Michigan, which will be used in Tesla's energy storage devices. The company currently
gets LFP batteries from China, but LG says higher tarras on Chinese goods have made it harder for American companies to import from the country. Speaking of Tesla, the model
S and X are being dropped from Europe. While the
company stopped making right hand drive versions in twenty twenty three, it just removed the ability to order a new build model.
Customers can still get a new S or X from the existing inventory, but once that inventory is gone, they're done for Europe. Tesla did the same thing in China
earlier this year, so that just leaves the North American market for the SNX. The company doesn't break out sales
of the models on their own. They're listed in an
other Models category, which also includes the cyber Truck and Semi.
In the first half of the year, Tesla has delivered roughly twenty three thousand, three hundred of its other models.
Speaker 2: In somewhat similar.
Speaker 1: News, Mercedes is no longer taking orders for its EVS in the US. It says it's due to quote current
market conditions, and while it's supposed to be temporary, Mercedes did not reveal when it will open orders back up.
Automotive News estimates that shipments of the EQS and EQE SUVs have declined over thirty percent this year, and as we reported the other day, the company cut prices by as much as fifteen thousand dollars in the US, but in some cases it's still taking dealers in average of over one hundred and ten days to sell the EV models plus. Residual values are falling off a cliff too.
Used EQS sedands that originally cost one hundred thousand dollars plus can be found online for around thirty grand, so the order stoppage should not be too surprising. The supplier, BOSH,
has developed two new system on of chips that combine the most important components for radar systems into one chip.
The chip support Level two plus technologies including automatic emergency braking, adaptive cruise control, blind spot detection, and lane keeping assist.
Bosch says the chips feature new technology that improves object recognition and increases range around thirty percent compared to conventional.
Speaker 2: Chips and at a lower cost.
Speaker 1: The chips are available to customers now for development and testing purposes. But that's a wrap for today's show. Thanks
for making autoline a part of your day. Auto Line
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About this episode
The podcast covers significant shifts in the automotive and regulatory landscape, including the Trump administration's move to roll back greenhouse gas regulations and its potential impact on fuel prices. Automakers face mixed financial results, with Toyota thriving while others struggle. Aston Martin's F1 team valuation surpasses the car company itself, highlighting the booming F1 market. Audi announces a new EV concept and a major sponsorship deal, while Chevy teases its new Bolt EV. Tesla pulls Model S and X from Europe, and Mercedes halts EV orders in the U.S. due to poor sales and falling residual values. Bosch introduces advanced radar chips enhancing driver assistance tech.
Original notes
- Trump Administration to Dismantle GHG Regs - OEM Profits Drop Due to Trump Tariffs - Ford Gets $3 Billion Credit Line - Aston F1 Worth More Than Aston Martin - Audi F1 Lands Title Sponsor - Audi To Launch EV Between TT and R8 - Chevy Bolt Sneak Peek - Tesla Signs $4.3 Billion LFP Deal with LG - Tesla Drops S and X in Europe - Mercedes Stops Selling EVs In U.S. - Bosch’s Radar on A Chip
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