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Category Archives: auto news
Renault Board Investigation Backs Ghosn. Governance Measures Stay in Place. Compensation Controversy Ongoing
Their preliminary conclusion is that the compensation of Carlos Ghosn, Chairman and Chief Executive Officer of Renault and the conditions under which such compensation was approved followed applicable law as well as the recommendations of the *AFEP-MEDEF. The Board of Directors decided to maintain the current governance measures established on November 20, 2018. Continue reading
Posted in auto news, litigation, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, carlos ghosn, connected vehicles, corporate governance in France, ghosn, Groupe Renault, Kelly and Nissan Motor, Ken Zino, new vehicle reviews, Renault Nissan Mitsubishi Alliance, the Japan Financial Instruments and Exchange Act
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Global Light Vehicle Sales Fall Again in November
The Chinese LV market continues to slow down, “a major source of concern given the importance of this market to global sales.” Other regions are also struggling, with YoY losses in Europe and North America, though selling rates remain robust in North America. Continue reading
Aston Martin Valkyrie Cosworth V12 Rated at 1000 Horsepower
The program it’s claimed called for a normally aspirated engine. Aston notes, correctly, that while turbocharging has absolutely come of age and offers significant and widespread benefits, especially in road applications, what is arguably the greatest driver’s car of today needed an internal combustion engine that is the “pinnacle for performance, excitement and emotion.” Rationalization or reality here? Ultimately a peck of buyers will decide. Continue reading
Making the Budget Deficit Great Again. November at $203 billion. Interest for Debt up $5 Billion
Not that it matters according to traditional Republican double-speak, such gigantic deficits are only a problem if they occur when the Democrats are in power. When Republicans cut taxes for the wealthiest and run up huge deficits it’s – don’t laugh – good for the economy. Worse, the federal budget deficit was $303 billion for the first two months of fiscal year 2019, says CBO. Continue reading
Ghosn, Kelly and Nissan Motor Corp. Indicted for Violating The Japan Financial Instruments and Exchange Act
Thus – as predicted – this case, besides from revealing the rift between Nissan and its European partner Renault that saved it from bankruptcy, has cast a cold beam of light on Japanese corporate governance – or is that non-governance? – practices. Continue reading
Auto Loans – Payments Higher, Subprime Lending Lower
Some look to vehicle affordability trends – or lack thereof – as a driving force behind consumer choices. The monthly payments for new and used vehicles again reached record highs in Q3 – $530 and $381, respectively – and the gap between new and used monthly payments continues to widen, reaching $149. The difference between leasing and buying on roughly the top Ten sellers is about $100 a month less for leasing. The average loan is now 72 months, but consumers on average change vehicle every 34-36 months. Continue reading
Posted in customer satisfaction, financial results, marketing
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, automotive financing, connected vehicles, Experian’s Q3 2018 State of the Automotive Finance Market, Ken Zino, Melinda Zabritski, new vehicle reviews
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TV Remains News Source for Almost Half of Americans
Overall, 47% of Americans prefer watching the news rather than reading or listening to it. That is unchanged from 46% in 2016 and outpaces the 34% who prefer to read the news and 19% who prefer to listen to it – both of which also remain on par with 2016 figures. Continue reading
Posted in auto news, customer satisfaction, news analysis, people
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Restructuring Storm Building as Ford Announces Senior Retirements in Treasury, Product Development, Manufacturing
A couple of the exits are noteworthy for signaling that major disruptive actions are about to occur. For example – was Kent responsible for the addled brained idea that Ford would cut its dividend that Ford Family members depend on? Nevertheless, the pressure remains for Ford to cut costs and start once again, yet again on a restructuring plan. to increase shareholder value. Continue reading
Brick-Built McLaren in Central London PR Stunt
Consider that a new McLaren has been spotted during dynamic testing ahead of its introduction in January. The car’s brick-based construction has made it necessary for development to move from McLaren’s usual secret facility near Idiada in Spain to a busy LEGO Store in Central London. Continue reading
Ford Begins Construction at Michigan Central Station
The three-phase project begins with the winterization of the building to dry it out from extensive water damage it sustained over the years, and then stabilizing the structure. Phase two includes replacing mechanical and electrical systems and restoring exterior masonry. Continue reading
Ford First Automaker to Outline UN Human Rights Issues
Ford claims to be the first automaker to complete this assessment, thought to be key in identifying the issues that are at risk of the most severe negative impact through activities or business relationships. Continue reading
BMW Group Threatens Trump on US Jobs
Buried at the bottom of the release was the following threat clearly aimed in AutoInformed’s view at President “tariff” Trump and his owning trade bluster and politically motivated policies that are threatening US jobs. Continue reading
Posted in auto news, economy, labor issues, manufacturing, news analysis, transportation
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, bmw group, connected vehicles, Ken Zino, new vehicle reviews, Spartanburg, trade and tariffs, Trump auto industry tariffs
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Chevrolet to Power Fernando Alonso’s 2019 Indy 500 McLaren
Chevrolet and McLaren have a racing history dating back to the mid-1960s. In 1966, Chevrolet and McLaren partnered in the Can-Am Series – one that makes the current Indy spec cars and their limited aero packages laughable given what was then an all-out racing series. Their teams won more than 70% of the races during the next seven years, including 23 in a row from 1968-1970. Continue reading
Toyota Motor November US Sales Flat
Reflecting prevailing U.S. market trends TMNA, Toyota and Lexus divisions posted best-ever November for light truck sales. Continue reading
IndustriALL Pressures Volkswagen Group to Engage with UAW or Else Face Suspension of its Global Contracts
However, instead of entering into bargaining with the union, Volkswagen has repeatedly taken legal action against the vote, including an appeal against the ruling of the National Labor Relations Board during August 2016, which ruled in favor of the UAW. Continue reading →