Category Archives: people

BMW Group to Convert Preferred Shares to Common

Posted on 14 May 2026 by Ken Zino

At the Annual General Meeting of BMW AG (XETRA: BMWG.DE) late yesterday, and a subsequently held separate meeting of preferred shareholders [Susanne Klatten and Stefan Quandt – AutoCrat], the conversion of preferred shares into ordinary shares was approved.

“For the weighting of BMW AG in major stock indices such as the DAX or the EURO STOXX 50, it is already the ordinary shares that are decisive as the share class with the highest free‑float market capitalization. As a result of the conversion, their proportion in free float will increase significantly by around 19%,” said Chief Financial Officer Walter Mertl on Wednesday in Munich. “This step therefore strengthens the weighting of BMW AG in relevant indices. The simplified capital structure represents a clear added value for investors and may have a positive impact on the share price performance of the BMW share.” Continue reading →

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BMW Annual General Meeting – Chair Oliver Zipse Retires

Posted on 13 May 2026 by Ken Zino

At the 106th Annual BMW (XETRA: BMWG.DE) General Meeting today, Chair Oliver Zipse retired after 35 years with the German maker of premium automobiles and motorcycles.* Effective tomorrow, Milan Nedeljković assumes the Chair position on the Board of Management of BMW AG. Raymond Wittmann will succeed Nedeljković as Board Member for Production.

“For more than 35 years, the BMW Group has been my professional home. I am leaving with a deep sense of gratitude: for the trust that was placed in me, for the professional challenges that have taken me to various areas in the company; and above all, for an exceptional team that is shaping the mobility of the future with passion and a pioneering spirit. It has been a great honor for me to lead the BMW Group as Chairman of the Board of Management for seven years,” said Zipse. Continue reading →

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Trumped – Consumer Price Index Largest Increase in 3 Years!

Posted on 12 May 2026 by Ken Zino

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% on a seasonally adjusted basis in April, after rising 0.9% in March, the U.S. Bureau of Labor Statistics (BLS) reported today. During the last 12 months, the all items index increased 3.8% before seasonal adjustment. The index for all items less food and energy rose 2.8% over the past 12 months. The shelter index increased 3.3% over the last year. Other indexes with notable increases over the last year include medical care (+2.5%), airline fares (+20.7%), household furnishings and operations (+3.9%), and recreation (+2.3%). [This was the largest increase in three years – AutoCrat.]

“The index for energy rose 3.8% in April, accounting for over 40% of the monthly all items increase. The shelter index also increased in April, rising 0.6%. The index for food increased 0.5% over the month as the index for food at home rose 0.7% and the index for food away from home increased 0.2 %,” BLS said. Continue reading →

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Michigan Science Center Workers Vote to Join UAW

Posted on 12 May 2026 by Ken Zino

“The victory at MI-SCI proves that when workers stand together, workers win,” said UAW Region 1 Director LaShawn English. “The employees at MI-SCI organized because they wanted their voices heard, their work respected, and a real seat at the table. Their courage and unity made this moment possible. Every worker deserves dignity, respect, and the opportunity to help shape their workplace. UAW Region 1 proudly stands with the workers at MI-SCI as they begin this new chapter. They believed in each other, stayed united, and they won.”

“The Michigan Science Center (Mi-Sci) has been informed that eligible hourly employees have voted in favor of union representation through the United Auto Workers (UAW). We respect the outcome of this process and our employees’ right to make this decision. As we move into the next phase, our focus remains on working together, as one team, in support of our mission to ‘put YOU at the center of science.’ We are committed to continuing to deliver immersive, engaging, and impactful STEM experiences for the communities we serve in Detroit and across Michigan,” MI-SCI told AutoInformed. Continue reading →

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UAW American Axle Workers Authorize Three Rivers Strike

Posted on 12 May 2026 by Ken Zino

“The membership of UAW Local 2093 and Region 1D have sent a crystal clear message to American Axle: we need a fair contract now, or we’re ready to take the next step,” said UAW Region 1D Director Steve Dawes. “We’ve waited long enough for this company to do the right thing, and we’re ready to do what it takes to win a fair deal at American Axle.” Continue reading →

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American Honda Partnered Accessories Launches with Thule

Posted on 11 May 2026 by Ken Zino

American Honda Motor Company (NYSE: HMC) today announced Honda Partnered Accessories, an adjunct to Honda Genuine Accessories available at 1000 independent U.S. Honda dealerships.*

“Honda Partnered Accessories, a new accessory line designed to enhance the vehicle purchase and ownership experience through Honda dealers by integrating popular products from trusted third‑party brands directly into the vehicle purchase process. This initiative adds a scalable accessory ecosystem alongside Honda Genuine Accessories, created to grow and adapt as customer needs and vehicle trends evolve,” American Honda said in a release. Continue reading →

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AAA – Record 45 Million Plan Memorial Day Weekend Trips

Posted on 11 May 2026 by Ken Zino

“Memorial Day marks the unofficial start of summer, and for most Americans, it’s a three-day weekend,” said Stacey Barber, Vice President of AAA Travel. “Travel demand remains strong, and despite higher fuel prices, many people are prioritizing leisure travel during holiday breaks.” Continue reading →

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May Day – UAW Strike Votes at American Axle, Woodward MPC

Posted on 1 May 2026 by Ken Zino

UAW Local 2093 members at American Axle, aka Dauch Corporation, today announced plans to hold a strike authorization vote starting 11 May. Results will be counted on 12 May, with the chance for workers to walk out of the Three … Continue reading →

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IIHS – Drivers More Likely To Use Phones While Speeding

Posted on 28 April 2026 by Ken Zino

Drivers are more likely to use their phones while speeding, a tendency that increases crash risk by combining two dangerous behaviors, according to a new study released today by the Insurance Institute for Highway Safety.* “Until now, safety experts believed … Continue reading →

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Acura to Enter IndyCar. “Pause” IMSA GTP

Posted on 22 April 2026 by Ken Zino

Well, the paddock rumors were accurate – or should AutoInformed say Acura-it? Marcus Armstrong’s Honda-powered IndyCar will carry Acura branding in the 2026 Indianapolis 500, the Acura’s first appearance on the Indy 500 grid. Moreover, Acura will “pause” the IMSA GTP program following 2026 IMSA WeatherTech SportsCar Championship season. This move to the NTT IndyCar Series keeps the Acura name in motorsports of course. It also, perhaps, adds a complication to the viability of the IMSA WeatherTech SportsCar Championship, if other brands do likewise. Continue reading →

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IMSA and IndyCar – Acura Wins 2026 Long Beach Grand Prix!

Posted on 20 April 2026 by Ken Zino

On the 1.968-mile, 11 turn Long Beach street circuit, it was a great double-header weekend for Honda Racing. Alex Palou completed a sweep of the weekend for Honda in the 2026 Acura Grand Prix of Long Beach, as Honda and Acura powered vehicles scored pole position and the victory Sunday in both the NTT IndyCar Series (Palou) and the IMSA WeatherTech SportsCar Championship. The first game went to Renger van der Zande on Saturday who drove the No. 93 Acura Meyer Shank Racing w/Curb Agajanian Acura ARX-06 to the Grand Touring Prototype (GTP) first-place trophy in the Acura Grand Prix of Long Beach. They controlled the 100-minute sprint race from green to checkered flags. Continue reading →

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IndyCar Makes Single Car Qualifying Permanent with Tweaks

Posted on 13 April 2026 by Ken Zino

“The debut of single-car Firestone Fast Six qualifying in Arlington was extremely popular and well received,” claimed IndyCar President J. Douglas Boles. [Not with some driver’s and teams at the Good Ranchers 250-AutoCrat.]* “Following the event, we reached out to stakeholders to help evaluate the format and look into ways to improve an already exciting session. This slight update will provide the fastest from the Top 12 an earned advantage of choosing when they would like their run in the Fast Six, while tire selection before lining up at pit out will save time and more closely equalize the session.” [Precisely – changing track conditions and allowed tire changes for late qualifiers made a mockery of the pole position -AutoCrat.] Continue reading →

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EcoCAR Innovation Challenge Pits General Motors v Stellantis

Posted on 13 April 2026 by Ken Zino

General Motors (NYSE: GM) and Stellantis (NYSE: STLA) have joined the Challenge as sponsors, along with technology partner MathWorks. This combination of government and industry partners focuses on cultivating the next generation of auto-industry innovators. This is the first collaboration between two major automakers in the same series in more than 25 years. Additional EcoCAR Innovation Challenge sponsors announced today include Caterpillar, Siemens Digital Industries Software, dSPACE, Bosch, Altec, Hesse, and Volta Foundation. Continue reading →

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AAA – Pump Gasoline Prices Still Soaring

Posted on 9 April 2026 by Ken Zino

The national average for a gallon of regular gasoline went up 8 cents since last week to $4.16, according to the latest data published by AAA. The last time the national average reached that price was in early August of 2022.*

“Crude oil prices remain high, even as they’ve fluctuated in recent days following the announcement of a 2-week ceasefire between the U.S. and Iran. The price for a barrel of crude dropped below $100 but then rose again, highlighting the volatility of oil markets and fluidity of geopolitical events,” AAA said in a release. Continue reading →

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Penske Truck Rental – New Indy 500 VIP Contest

Posted on 7 April 2026 by Ken Zino

“Penske Truck Rental has always been about moving lives and businesses forward—and for true racing fans, the Indianapolis 500 is the ultimate fan destination,” said Kevin Malloy, senior vice president of rental at Penske. “This new contest celebrates the stories that move us all, and we’re honored to help two passionate fan’s dreams come true of attending this legendary race and enjoying a VIP experience.” Continue reading →

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