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Category Archives: news analysis
Non-Representative Government? Religions of the 116th Congress
By a wide margin, the largest difference between the U.S. public and Congress is in the share who are unaffiliated with a religious group. In the general public, 23% say they are atheist, agnostic or “nothing in particular.” In Congress, just one person – Sen. Kyrsten Sinema, D-Ariz., who was recently elected to the Senate after three terms in the House – says she is religiously unaffiliated, making the share of “nones” in Congress 0.2%. Continue reading
Posted in auto news, fools 'n frauds, news analysis, people, quality
Tagged 116th Congress, auto industry commentary, autoinformed, autoinformed.com, automotive blog, Congressional Religious affiliations, connected vehicles, CQ Roll Call, Ken Zino, new vehicle reviews, pew research center
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Corporate Raiders After Ford Motor Stock at Deep Discount
Baker Mills’ offer price of $7.00 per share in cash is approximately ~17.84% lower than the $8.52 closing price of Ford common stock on Dec. 14, 2018, the last closing price prior to commencement of the offer. The markets are closed today. Continue reading
Geely moves Closer to Owning AB Volvo. Chinese Company Owns the Car Brand and Is Buying Into the Truck Business.
China’s Geely Holding [GEELY.UL], owner of the Volvo car brand, is buying an 8.2% stake in Volvo (VOLVb.ST) from Cevian Capital. This is worth more than $3 billion at market prices. This makes Geely the biggest individual shareholder in AB Volvo and second ranked in terms of voting rights behind Swedish investment firm Industrivarden (INDUa.ST). Continue reading
Predictably – So-Called Tokyo “Court” Secretly Prolongs Detention of Carlos Ghosn By 10 Days According to TV Asahi
Ghosn, accused of aggravated breach of trust, is facing allegations of making the car maker take on ¥1.85 billion ($16.8 million) in investment losses that allegedly were his. (See AutoInformed from last Sunday: Japanese Justice or Farce?) Continue reading
Posted in auto news, litigation, news analysis, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, carlos ghosn, connected vehicles, Japanese corporate governance, Japanese Justice, Ken Zino, litigation, new vehicle reviews, news, news analysis, Nissan Motors, people
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Stefan Juraschek on BMW Electric Car Development
We currently produce the following electrified models: the BMW i3 (third model evolution with 120 Ah) , BMW i3s, BMW i8 Coupe, BMW i8 Roadster, BMW 740e, BMW 740Le, BMW 530e, BMW 225xe Active Tourer, MINI Cooper S E Countryman ALL4 and, in China, the BMW X1 xDrive25Le. Continue reading
Mobility Company Capital Destruction. Latest German JV Attempts to Lessen Negative Effects on Shareholder Value
It’s just the latest example of the capital intensive, shareholder-value destroying transition to an ill-defined, but demonstrably expensive mobility company that all automakers are now pursuing. Continue reading
Posted in auto news, electric vehicles, environment, marketing, milestones, mobility company, new vehicle, news analysis
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, autonomous vehicles, bmw group, connected vehicles, daimler ag, Ken Zino, Mobility Company JV, new vehicle reviews
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Japanese Justice or Farce?
Carlos Ghosn remains in a tiny jail cell in jail for at least the rest of the year, a Tokyo court ruled today, Sunday 23 December 2018. Ghosn stays locked up until January 1, giving the Japanese “authorities” added time to question him – without his lawyer present – on more alleged wrongdoings as Nissan Motors CEO. Continue reading
The GM Grinch that Stole Christmas, or Did It?
There will be a 15% reduction in GM’s salaried workforce, the closing of the Lordstown and Detroit-Hamtramck assembly plants in the US and the Oshawa complex in Canada in 2019. Baltimore Operations and Warren Transmission plants will also be shut down in 2019. The arrival of year-end auto sales data makes things clearer in the view of consultancy LMC. Continue reading
Posted in auto news, autonomous vehicles, car sharing, economy, labor issues, manufacturing, marketing, mobility company, news analysis
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, connected vehicles, General Motor restructuring, Ken Zino, lmc, new vehicle reviews, plant closings
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Car Rental Rate Holiday Rip-Offs
Travelers in need of a rental car in Seattle this Christmas will pay a lot more than usual. According to a new survey from CheapCarRental.net, rental car rates have nearly quadrupled in the city for the holidays. Continue reading
2018 Auto Retail Sales Down. Transaction Prices Set Record
“Despite retail sales falling for the sixth consecutive month, the continued growth in transaction prices is allowing manufacturers to offset lower sales with higher revenue,” claims Thomas King, Senior Vice President of the Data and Analytics Division at J.D. Power. “Consumers are on pace to spend nearly $45 billion on autos in December, up 1% from last year and the highest level ever recorded.” Continue reading
European Court Annuls Real Driving Emissions Limits. Cleaner Diesel Deception Threatened. They Can Be Banned from Cities
Their argument is provocative: “While the European Commission did not seek to increase the headline 80 mg/km emissions limit for diesel vehicles, which must still be adhered to in the laboratory test, they granted “Conformity Factors” that in effect did increase the limits for the harder, on-road part of the test. As a result, all diesel vehicles only had to meet 168 mg/km by September 2019, falling to 114 mg/km by January 2021. This was in practice a large increase in the permissible emissions limit.” Continue reading
Japanese Scrooges Run Amok as Carlos Ghosn Re-Arrested. Christmas Locked Up for the Gaijin!
Prosecutors then re-arrested Ghosn on new charges in a sordid tale that goes back to Ghosn’s first arrest on 19 November 2018. Ghosn could now be in a tiny jail cell for another 10 days or more, where he has been locked up since last month on initial allegations of financial misconduct. Continue reading
Posted in AutoInformed Editorial, financial results, fools 'n frauds, litigation, news analysis, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, connected vehicles, Japanese corporate governance, Japanese legal abuses, Ken Zino, new vehicle reviews
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Nissan Mired in Japanese Corporate Governance Scandals
The latest development also casts doubt about the origination and integrity of a Nissan internal investigation into former Chairman Carlos Ghosn who is due to be released today after a month in Japanese jail for allegedly under reporting deferred income. Ghosn says he will vigorously defend his actions. Continue reading
Posted in fuel economy or emissions, news analysis, people, quality, recalls
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, connected vehicles, infrastructure, Japanese Ministry of Land, Ken Zino, new vehicle reviews, nissan, Nissan Emissions scandal, Transport and Tourism
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GM Rejects Unifor Proposals for Oshawa Plant Closing
The study shows there would be an immediate fallout in 2020, with Ontario’s GDP expected to fall by $5 billion and a decline in Ontario government revenues of $330 million. In the long-term, Ontario’s economy would shrink by an average of $4 billion each year to 2030, leading to a reduction in Ontario government revenues of nearly a half billion and federal government revenues of just over half a billion a year. Continue reading →