Category Archives: people

Marchionne Apologizes for Being Irreverent

Posted on 21 May 2013 by Ken Zino

Fiat CEO Sergio Marchionne has apologized to an organization called One Voice for his quip last January at the North American International Auto Show where he said Alfa Romeo models when re-introduced into North America should have Italian engines. Journalists present laughed it off as being typical of the straight talking executive who uses humor, including self-deprecating humor to make his points. Continue reading →

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Posted in auto news, AutoInformed Editorial, people | Tagged , , , , , , | 1 Comment

North Carolina Man Charged in Odometer Fraud Scheme

Posted on 12 April 2013 by Ken Zino

The United States charged Francis Marimo, of Raleigh, NC with two counts of odometer tampering, according to the Department of Justice statement released today. The charges were filed in U.S. District Court for the Eastern District of North Carolina on 10 April 2013, alleging that from 2008 through 2012, Marimo fraudulently caused odometers in used motor vehicles to be altered to reflect false, low mileages. Continue reading →

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Mega Commuters in U.S. Travel 90 Minutes or More to Work

Posted on 4 April 2013 by Ken Zino

More than 8% of U.S. workers have commutes of 60 minutes or longer and almost 600,000 full-time workers are mega commuters with journeys of at least 90 minutes and 50 miles. The average one-way daily commute for workers across the U.S. is 25.5 minutes, and one in four commuters leaves their county to work. The data come from the U.S. Census Bureau’s annual American Community Survey, which provides local statistics on a variety of topics for even the smallest communities. Continue reading →

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Absolute Fuels Owner Guilty in $42 Million in Bio-Diesel Credit Scam

Posted on 31 March 2013 by Ken Zino

A bio-diesel fuel company owner was sentenced to 188 months in prison for crimes connected to an illegal fuels scheme and also fined $175,000 and ordered to pay nearly $55 million in restitution. In what appears to be a badly run government program of renewable fuel tax credits, Jeffrey Gunselman, 30, the owner of Absolute Fuels was able to defraud the Environmental Protection Agency for more than a year by falsely representing that he was in the business of producing bio-diesel fuel. Continue reading →

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Ford Motor Misses Targets Cuts CEO Pay to ‘Only’ $21 Million

Posted on 15 March 2013 by Ken Zino

In the bizarre world of 0.1-percenters, Ford Motor Company cut CEO Alan Mulally’s compensation by almost 30% because the quality-challenged company missed its 2012 goals. Even so Mulally earned $2,000,000 in salary and $3,950,000 in cash bonus in 2012. His total listed compensation in 2012 – including the grant date value of long-term stock options and other performance-based equity awards – was $20,995,806. This is a drop from his $2 million in salary, $5.46 million in bonus and $22 million in other compensation for 2011. Continue reading →

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