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Category Archives: people
Wells Fargo to Pay $500 Million for Misleading Investors
Wells Fargo has agreed to pay $500 million to settle the charges, which will be returned to investors. The $500 million payment is part of a combined $3 billion settlement with the SEC and the Department of Justice. Continue reading
Ford Motor Changes Top Exec Roles Again
The changes come as Ford is restructuring operations, investing in the product portfolio and reducing bureaucracy. Ford lost $1.7 billion (42 cents a share) during Q4 2019 compared to a loss of $100 million, or 3 cents a share, year-over-year. This included a previously disclosed $2.2 billion charge for underfunded pensions. Adjusted for one-time items, Ford said it gained 12 cents a share during the year, compared with 30 cents a share a year ago. Revenue fell 5% to $39.7 billion from $41.8 billion a year ago. Global sales, share, earnings, and profits all decreased. Continue reading
Posted in financial results, mobility company, people
Tagged auto industry commentary, autoinformed.com, Jim Farley, Jim Hackett, Kenneth Zino
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Carryover 2020 Nissan Frontier Has Next Gen Powertrain
Helping celebrate the transition to the next-generation Frontier was Brian Murphy and his 2007 Frontier, which just last week crossed the 1-million-mile score – proof of the durability and reliability of the Nissan Frontier, especially when the oil is changed, and regular maintenance performed.
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Posted in marketing, people
Tagged 2020 Nissan Frontier, auto industry commentary, autoinformed.com, Brian Murphy, Kenneth Zino, M'Lady Nissan
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Groupe Renault Changes Execs – outsider Luca de Meo as CEO, Clotilde Delbos Deputy CEO
De Meo becomes the second executive to lead Renault (RNLSY) since Ghosn was arrested in Japan in 2018 and subsequently charged with financial fraud. Ghosn’s successor at Renault, Thierry Bollore, left last fall, in part it seems because he was a Ghosn protégé and after the collapse of a proposed merger with Fiat Chrysler in June that Nissan nixed. Continue reading
Japanese Issue Arrest Warrant for Wife of Carlos Ghosn
Mr. Ghosn has scheduled a press conference today in Lebanon to give some comments on his arrest and pending trial. Carole Ghosn, not surprisingly, has been a vocal critic of the charges and Japanese justice system that is perverse by western standards. Continue reading
Nissan Blasts Ghosn as Unfit to Serve as An Executive
“The internal investigation found incontrovertible evidence of various acts of misconduct by Ghosn, including misstatement of his compensation and misappropriation of the company’s assets for his personal benefit,” Nissan said. Continue reading
Reuters Reports Carlos Ghosn Jumps Bail Before His Trial and Flees Japan for Lebanon Where He Can’t Be Extradited
“Ghosn’s abrupt departure marks the latest dramatic twist in a year-old saga that has shaken the global auto industry, jeopardized the alliance of Nissan Motor Co Ltd and its top shareholder Renault SA and cast a harsh light on the fairness of Japan’s judicial system,” Reuters reported. Continue reading
Posted in fools 'n frauds, litigation, people
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, Reuters on Ghosn
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Universal City Nissan Sues Saudi Billionaire, Khaled al-Juffali and Nissan Motor, Among Others, over Payoff by Carlos Ghosn
auto industry commentary, autoinformed.com, Ghosn Matter, Kenneth Zino, West Covina Nissan, Glendale Nissan/Infiniti, Universal City Nissan, Morris Sage, Khaled al-Juffali, Byron Z. Moldo, Continue reading
Posted in fools 'n frauds, litigation, people
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Nissan Scandal – a Gift That Keeps on Giving – Executive Officer and Vice COO Jun Seki Unexpectedly Resigns
The Nissan Corporate governance crisis is ongoing and comes as Nissan has started its new management under Representative Executive Officer, president and CEO Makoto Uchida as of December 1, 2019. Seki was to be a key executive in administering the turn-around that seeks to halt slumping sales, confusing brand images and expensive incentive programs. Continue reading
Posted in fools 'n frauds, litigation, news analysis, people
Tagged auto industry commentary, autoinformed.com, Ghosn Matter, Jun Seki, Kenneth Zino, nissan
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Tetsuo Ogawa, to Succeed Jim Lentz as CEO Toyota Motor NA
In his 38-year career, Lentz has been a part of a number of key moments in Toyota’s history. Continue reading
Republican Rep. Christopher Collins Guilty of Insider Trading
Collins was the first U.S. Representative to endorse Donald Trump for President of the United States, perhaps recognizing a kindred spirit in his approach to self-serving actions, and he served on Trump’s presidential transition team. He resigned his seat in 2019 and afterwards pled guilty to insider trading and lying to the FBI. Continue reading
Thanksgiving 2019 – We Celebrate Our 399th Annual Feast
It was a war that was won – against all odds by militias, and irregulars eventually forcing a standing British Army to surrender in the field for the first time since the tyrant Napoleon – because the Crown and its privileged generals were fighting an idea first put forth in our Declaration of Independence, then codified in our Constitution that “We the People” would govern ourselves. Now, once again, the courtiers of privilege and wealth are presiding over our fate. Continue reading
New Executives For Safety, AV, Strategy, and Ford Credit
Ford Motor Company has made public the retirement of two longtime executives, new assignments for two corporate officers, and promotions to senior positions for three people at the company. Continue reading
Akio Toyoda Wants Mobility Centered on People
Wacky marketing babble alert: “Through the evolution of artificial intelligence, I think that cars, too, can also become able to communicate with people and their hearts. that’s right… I think cars of the future will be like horses. Continue reading
Posted in alternative fuels, concept, design and styling, electric vehicles, energy, environment, global warming, milestones, mobility company, news analysis, people, shows and events, transportation
Tagged akio toyoda, auto industry commentary, autoinformed.com, automotive blog, e-Palette, Ken Zino writing as AutoCrat, Kenneth Zino, tokyo motor show
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Prince of Wales at Aston Martin Lagonda St Athan
St Athan is the home of Aston Martin’s first SUV, the DBX. Upon the commencement of full production at St Athan in the second quarter of 2020, the company will have created up to 600 new highly-skilled jobs, rising to 750 – if the looming Brexit disaster is cleaned up. Continue reading →