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Category Archives: people
Death of the Diesel: Daimler Guilty of Selling Dirty Diesels in Germany – Pays $957,000,000 Fine Rather than Litigate
The negligent violation of supervisory duties occurred on the department head level. It appears that the Daimler has refrained from taking a legal action challenging the fine notice because senior executives are not implicated. The public prosecutor’s administrative offense proceeding against Daimler AG is thereby fully concluded. This is not so at Volkswagen Group where senior executives were indicted today. Continue reading
SEC Charges and Settles False Financial Disclosures Against Nissan, Former CEO Carlos Ghosn, Former Director Greg Kelly
Critics no doubt will say the settlement is laughable given the amount of money involved. Continue reading
alice + olivia: The Rag Trade Meets a VW Rag Top
It’s a latter-day version of Janice Joplin’s bathtub Porsche without the superstar musical talent or the 1960s backdrop. Continue reading
Nissan CEO Hiroto Saikawa Forced Out Over Ghosn Matter
The move comes following a report from the beleaguered company’s Audit Committee that recognizes several instances of misconduct from the findings of the internal investigation that is only partially available publicly in filtered form. On May 14, 2019, Nissan belatedly issued numerous amendments to its past annual securities reports, correcting director compensation figures to reflect the amounts that should originally have been disclosed. Continue reading
Brexit – UK Car Production Declines -10.6%. Exports Hit
British car manufacturing output declined -10.6% in July, with 108,239 units produced, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). This was the 14th successive month of decline as ongoing weakness in major EU and … Continue reading
Posted in economy, fools 'n frauds, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Boris Johnson, Brexit, eu, Ken Zino
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Drivers Say No to Tracking Devices in New Cars
Mercedes Benz recently made headlines in the UK after revealing they had fitted similar devices in their cars without warning drivers in advance. The news comes after EU proposals that could see all new cars made in Europe from 2022 fitted with location-tracking devices that would monitor a driver’s speed, driving behavior, as well as use of vehicle safety features. What’s worse in critic’s views, drivers would not be able to switch off these devices and the data collected could potentially be shared across countries. Continue reading
Record Number Join Rolls-Royce Apprenticeship Program
The new recruits will train with the company for between two and four years, working alongside experienced craftspeople in Assembly, Woodshop, Surface Finish, Leathershop, Parts Quality and Total Vehicle Quality Management to learn the skills and techniques employed by the luxury manufacturer. They will also study for nationally-recognized vocational qualifications at Chichester College and other local further education establishments. Continue reading
Esteban Ocon joins Renault F1 Team. Nico Hulkenberg?
The Frenchman is known to Renault, having been Renault reserve driver in 2016 and also a Lotus junior program member. Ricciardo is currently 11th in the standings. Nico Hulkenberg is 14th and since his contract is expiring, rumors are rampant about next season. Continue reading
Ferdinand Piëch – German Autocrat, Industrialist – Dead at 82
Porsche’s attempt to take over Volkswagen Group, ironically, ultimately resulted in exactly the opposite with Volkswagen Group swallowing the performance vehicle maker whole when the leveraged funds of the pursuer ran into the brick wall of the Great Recession and margin calls in 2009. Continue reading
Mitsubishi Motors North America to Move U.S. Headquarters Closer to Nissan in Franklin, Tennessee
The company that was close to bankruptcy before the Nissan-Renault Alliance gave it a reprieve claims the “move proves strength of Renault-Nissan-Mitsubishi Alliance, as efficiencies between Mitsubishi Motors and Nissan grow in the U.S.” Continue reading
Execs Changed at Changan Ford China JV. European Transformation Ongoing
Stuart Rowley was named president, Ford of Europe back on April 1, when Steve Armstrong was named Chairman of Ford Europe (and Ford had both there as it was undergoing its latest transformation plan strategy work). Stuart is now leader in Europe. The new role for Armstrong will be effective 1 October. He will report to Ford China President and CEO Anning Chen. Continue reading
Posted in people
Tagged auto industry commentary, autoinformed.com, changan ford, Ken Zino, Nigel Harris, Steven Armstrong
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Cayenne Turbo S E-Hybrid Sets Meaningless Record
The hybrid SUV ran on used road tires and was driven by the German racing driver and TV Reader Tim Schrick. Continue reading
Stout Scarab Minivan Joins Concours of Elegance 2019
During the 1950s it was used by a circus owner, keeping monkeys in the car while they toured the continent. It was then sold on to a French industrial designer who had the vehicle placed in a museum in Reims. Continue reading
Death of the Diesel: Volkswagen Board Crisis as Three Chairman Indicted in Germany for Stock Market Manipulation
As a result, the Supervisory Board of Volkswagen AG hastily convened a meeting, claiming that it was unaware that the indictments were coming since it was allegedly cooperating in the investigation by the public prosecutor. It will also meet again tomorrow to discuss what is company threatening development. Continue reading →