Category Archives: fools ‘n frauds

Heads Roll at Renault over Industrial Espionage Case that Embarrassed French Government. Pélata, Ghosn Survive

As a result what it deemed of failures and dysfunctions within the company, the Board of Directors of Renault today erected the corporate equivalent of a guillotine outside of Paris that saw the firings of Remy Pagnie, Director of Group … Continue reading

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House Bill Says Greenhouse Gases not Air Pollutants. Republican Attack on EPA Despite Supreme Court Ruling

Since nothing in the Act precludes states from pursuing their own GHG policies, this is a severe setback for automakers that need one coordinated national standard for fuel economy and CO2 emissions. Continue reading

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Ghosn, Pélata, others Lose Bonus over Renault Spy Case

Renault’s board of directors has approved a plan that would see CEO and President Carlos Ghosn and Chief Operating Officer Patrick Pélata, as well as other involved senior managers lose their 2010 bonuses and 2011 stock options because of the wrongful termination in January of three employees on false charges of industrial spying.
This ends speculation that Ghosn’s and Pélata’s positions were threatened by the corporate bungling, which became a minor political controversy in France. Pélata had tendered his resignation, but Ghosn refused to accept it.
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Renault Spy Case Executive Firings Wrong Prosecutor Says. French Government Investigations Continue into the Fraud

The board of directors of Renault met today in an unscheduled meeting after a French prosecutor said earlier that three executives dismissed by Renault are innocent of claims by Renault that industrial spying was going on and that the executives were depositing payments into bank accounts in Switzerland and Liechtenstein. Continue reading

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Senate Dithers as Highway Trust Fund Goes Broke

During a hearing today in Washington, Democrats and Republicans postured over President Barack Obama’s proposal for a six-year, $556 billion highway bill with none of the partisans suggesting how it will actually be paid for.

This ducks the real issue of the ongoing decline in highway trust fund revenues that built the interstate system during the 1950s and contributed to what was then a booming American economy. Continue reading

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Allstate Says Its Zodiac Accident Rate Release is Hooey

The Allstate Corporation set off a furor last week when it issued a press release that compared Zodiac sign accident rates.

In it the auto insurance giant said that during the past year, Virgos were “nearly 700% more likely to be in a car accident when compared to the determined and aware Scorpio accident rates, the best drivers in the study.” Scorpios were only involved in 1.5% of all accidents in 2010. Continue reading

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Workers Paid Eight Cents for Each $25 NFL T-shirt!

Women at the Ocean Sky “sweatshop” in El Salvador are paid just eight cents for each $25 NFL T-shirt they sew, according a press release just issued by the National Labor Committee.

Their wages amount to just 3/10ths of one percent of the NFL shirt’s retail price, according to the non-profit pressure group with un-posted sources of funding. Continue reading

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Akerson Reorganizing GM Again! Product Development Split. Vice Chairman Stephens Moved to Chief Technology Officer

The new CTO position was said to be a “major element of Akerson’s goal to make the company more customer driven and technology focused.”

However, the previous GM technology position occupied by Larry Burns was in practicality more of academic exercise that produce reams of press releases extolling the virtues of fuel cells and other advanced technologies that had no immediate production prospects, and did not connect GM to customers or advance sales as the company sped toward bankruptcy. Continue reading

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NHTSA Administrator Strickland Visits NAIAS Show Promoting Jobs, Not Safety? The Endless Partison Political Campaign Continues

The man responsible for traffic safety in the United States, David Strickland, visited the North American International Auto Show – NAIAS – this week promoting the Obama Administration’s jobs agenda – or at least the let’s talk, but do little, part of it, with nary a word about traffic safety. Continue reading

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General Motors Licenses Argonne Developed Battery Technology. Taxpayers Are Also Subsidizing the Koreans!

General Motors and the U.S. Department of Energy’s Argonne National Laboratory said today they have reached a worldwide licensing agreement to use a battery technology that lasts longer and can accept higher charging voltages. The U.S. Government also announced that … Continue reading

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Significant Auto Industry Stories of 2010

As 2010 dwindles it’s time to reflect on the significant automotive stories of the year from a perspective that attempts to ignore the daily hysteria of the “gotcha” playing media. The longer term effects and significance of the following stories … Continue reading

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Fuel Economy Regulations Risk Huge Job Losses, While Increasing Environmental Damage, CAR Study Predicts

This comes as the U.S. national unemployment rate hovers at an official 9.8%, which is an understated number since it doesn’t include under-employed, forced retirees or beaten down job seekers who are the victims of Republican ‘socialism and tax cuts for the rich’ policies.  Continue reading

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Baucus Proposes Continuing Billions in Ethanol Subsidies

Senator Max Baucus, D-Montana, chairman of the Finance Committee has proposed draft legislation that would continue lavish taxpayer financed ethanol subsidies instead of letting then expire at the end of this year. Continue reading

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Atlanta Airport TSA Employee Handcuffs, Rapes Woman

A Transportation Security Administration (TSA) employee at Atlanta’s Hartsfield-Jackson International airport handcuffed a woman, sexually assaulted her and then committed suicide. TSA is rapidly becoming, arguably, the most effective but inadvertent promoter of “automobility” in the bloated agencies of  all U.S. federal and state governments. Continue reading

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Ex Car Czar Settles with SEC; Sued for Bribery by New York

As General Motors stock successfully returned to public trading yesterday, Steven Rattner, 58, the Obama Administrations’ former “car czar,” was sued by New York’s Attorney General for using bribes to secure $150 million in investments for his former firm, the Quadrangle … Continue reading

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