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Category Archives: fools ‘n frauds
Volkswagen Investigation underway for Deliberately Violating Diesel Emission Rules – $18 Billion in Fines Coming?
A sophisticated software algorithm on VW and Audi diesel engines detects when the car is undergoing official emissions testing, and turns full emissions controls on only during the test. Continue reading
Posted in environment, fools 'n frauds, fuel economy or emissions
Tagged autoinformed, autoinformed.com, diesel emissions, epa, Ken Zino, vw NOx emissions
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No Fixes in Sight for Highway Trust Fund or Decrepit US Roads
Bentsen suggests a series of political impossible actions… Continue reading
Screw US Workers! Trade Policy Fails Again
Imports of auto parts, engines, vehicles through May 2015 increased to $112,315,000, a dismal job-destroying record. May at $29,462,000 was a record as well. Continue reading
MI Proposal 1 on Roads, aka Prostitution 1, Resoundingly Defeated. All Politicians involved Need to Resign Now
All the politicians involved in this irresponsible pork-ridden fiasco should resign immediately – including local government officials who subsequently supported this sham because they would benefit from the pork – because they are clearly not representing the voters and above all are clearly and arrogantly out of touch with them. Continue reading
Shell Fined for Selling Bogus Fuels
The U.S. Environmental Protection Agency, EPA, today announced a settlement with three companies affiliated with Shell Oil Company to resolve Clean Air Act violations. The illegal acts included selling gasoline and diesel fuel that did not conform to federal standards. Continue reading
Posted in fools 'n frauds, news analysis
Tagged autoinformed, autoinformed.com, epa, Ken Zino
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Hyundai, Kia Fined Record Amount for Fuel Economy Cheating
The Korean scofflaws Hyundai and Kia will pay a record $100 million penalty for selling vehicles that emit more greenhouse gases because of false fuel economy ratings. Continue reading
Posted in environment, fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, dot, epa, Ken Zino
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Treasury Secretary Jacob Lew Lies about Lehman Brothers
AutoInformed is disgusted by this blatant election year claim. The lack of government regulation and effective oversight by government agencies caused the ongoing Great Recession. Continue reading
Posted in AutoInformed Editorial, economy, fools 'n frauds
Tagged autoinformed, autoinformed.com, Ken Zino
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Dark Money at $50 Million. Congress Bought by Unnamed Interest Groups
The OpenSecrets Blog and the Center for Responsive Politics reported today that political spending by non-disclosing or secret political non-profit lobbying funds, aka dark money groups, has reached $50 million, a record at this point in the election cycle. Continue reading
Dismissed GM Ignition Switch Employees have Gag Orders
Chief Counsel and EVP Mike Millikin admitted such under tough questioning. Millikin went on to say however, the employees could talk to any regulatory agency if they feel the need to. Whether it would be wise to do so is another question. Some of the dismissed GM employees could face criminal charges. Continue reading
Posted in fools 'n frauds, litigation, recalls, safety
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GM Recalls Another 8.5 Million Vehicles for 6 Safety Defects. $1.2 Billion Charge coming
GM said it expects to take a charge of up to approximately $1.2 billion in Q2 for the cost of recall-related repairs announced in the quarter. This amount includes a previously disclosed $700 million charge for recalls already announced during the quarter. Continue reading
Posted in fools 'n frauds, litigation, recalls, safety
Tagged autoinformed, autoinformed.com, Ken Zino, nhtsa
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Ex Takata Exec Indicted for Seatbelt Price Fixing
Including Nakajima, 35 individuals have been charged in the government’s ongoing investigation into price fixing and bid rigging in the auto parts industry, 24 of whom have pleaded guilty or agreed to plead guilty. Of those, 22 have been sentenced to serve prison terms ranging from a year and one day to two years. Additionally, 27 companies have pleaded guilty or agreed to plead guilty and have agreed to pay a total of more than $2.3 billion in fines. Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Gikou Nakajima, Ken Zino
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Ex PetroTiger CEO Indicted for Bribery and Kickbacks
Joseph Sigelman, 43, of Miami and the Philippines, was indicted by a federal grand jury in the District of New Jersey and charged with conspiracy to violate the FCPA and to commit wire fraud, conspiracy to launder money, and substantive FCPA and money laundering violations while working for PetroTiger. Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Ken Zino
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Department of Transportation Kisses Big Oil and Railroad Butts
The problem, the deadly problem, is that many of the tank cars in use by Big Oil and the railroads to move crude oil are not safe – as the Lac-Mégantic derailment that killed 42 civilians and wiped half of a southern Quebec town proved. Continue reading
Japanese Auto Parts Maker Showa Guilty of Price Fixing
Showa Corp., an automotive parts manufacturer based in Saitama, Japan, will plead guilty and pay a $19.9 million criminal fine for its role in a price fixing conspiracy. Continue reading
Posted in auto news, fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Ken Zino, sherman act
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Bridgestone Exec to Plead Guilty For Price Fixing U.S. Car Parts
The Japanese auto parts price fixing scandal continues to grow with more indictments and prison time likely coming. To date, 33 people have been charged in the government’s ongoing investigation of the auto parts industry. Additionally, 26 companies have pleaded guilty or agreed to plead guilty and have agreed to pay a total of more than $2.29 billion in fines. Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, Ken Zino
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