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Category Archives: people
Penske Automotive Increases Dividend to $0.40 Per Share
“We are pleased to offer our shareholders an increase in the quarterly dividend for the 33rd consecutive quarter. Our sector leading dividend represents a yield of 3.6% and reinforces our commitment to PAG shareholders,” said Penske Automotive Group President Robert H. Kurnick, Jr.” Continue reading
Concours d’Elegance of America adds GM Design on the new C8 Corvette as It Celebrates AutoMobility
During the last decade Concours organizers have worked to expand the show so all kinds of vehicles from every era, can be seen. If you like cars or motorcycles the show has something to divert you from the mundane. Continue reading
American League Defeats National 4-3 in 2019 All Star Game
The weather was perfect in front of a noisy crowd of 36,747. Domineering innings from Justin Verlander, Jacob deGrom, Jose Berrios, Luis Castillo and local hero Shane Bieber, guaranteed that the offensive onslaught of last summer’s Midsummer Classic would not repeat itself – even in a 2019 season that has doubled as a year-long Home Run Derby because of aerodynamically slicker balls. Continue reading
Posted in awards, marketing, people
Tagged 2019 MLB All Star Game, auto industry commentary, autoinformed.com, automotive blog, Ken Zino
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Groupe Renault, Its Works Council and Industrial Global Union Sign Global Quality of Work Life Agreement
The agreement, signed by the 10 trade union federations or unions represented in the Group Works Council, provides a basis for structuring social dialogue, both at Group and local level. It “encourages the launching of new initiatives, as well as finding relevant pragmatic solutions to improve employees’ life at work, through the negotiation of local agreements.” Continue reading
Traffic Jam – Record 48.9m Independence Day Travel
Overall travel volume for the holiday is expected to rise 4.1% over last year, with an additional 1.9 million people planning road trips and other vacations to celebrate America’s birthday. Continue reading
Supreme Court Upholds Unconscious Driver Blood Drawing
Gerald Mitchell was arrested for operating a vehicle while intoxicated after a preliminary breath test registered a blood alcohol concentration (BAC) that was triple Wisconsin’s legal limit for driving. Continue reading
Nissan Shareholders Elect 7 Independent Directors Out of 11
The new board of directors comprises 11 individuals, seven of whom are independent outside directors. Power appears to be evenly split between Renault and Nissan despite Nissan’s and the Japanese government’s interest in asserting more control. Renault, which owns 43% of Nissan and the French government, which owns 15% of Renault, are pushing for a merger. Paper organization charts are not always how business is conducted in mega, joint venture corporations. So, it will take some time to see how this works out as the Ghosn matter proceeds through the Japanese “legal” system. Continue reading
BMW Group Opens Plant in San Luis Potosi, Mexico
Well starting four days from now prices will likely include a 5% tariff decreed by President Trump that increases by 5% each month until it stops – so far – at 25%. Every BMW Group vehicle today already contains at least one part from one of our 220 Mexican suppliers. Continue reading
Posted in economy, manufacturing, people
Tagged auto industry commentary, autoinformed.com, automotive blog, bmw group, Ken Zino, mexico, nafta, Trump tariffs and taxes
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Renault Board Confirms Expenses Improperly Used by Ghosn
Several expenses incurred by RNBV for a total of ~€11 million include questionable air travel expenses for Mr. Ghosn; other expenses incurred for Mr. Ghosn; and gifts to non-profit organizations. Continue reading
Posted in litigation, news analysis, people
Tagged auto industry commentary, autoinformed.com, automotive blog, carlos ghosn, Ken Zino, Renault Nissan alliance, RNBV
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BMW North America Appoints Uwe Dreher to VP Marketing
A 17-year employee of the BMW Group, Dreher is said to have a wide range of marketing expertise with positions both at headquarters in Munich and abroad. He started with the company in 2002 working on brand management with MINI at the time of the relaunch of the brand. Continue reading
Posted in marketing, people
Tagged auto industry commentary, autoinformed.com, automotive blog, BMW North America, Ken Zino, Uwe Dreher
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Rachel Portman at Chichester Cathedral Roof Restoration Appeal
Portman’s numerous credits include Emma, starring Gwyneth Paltrow, for which she won an Oscar in 1996, and her Academy Award nominated scores for Chocolat and The Cider House Rules. In 2015, she received an Emmy for her work on HBO’s record-breaking TV movie Bessie, a biography of blues singer Bessie Smith. Continue reading
People – Changes at Mercedes-Benz Cars
Britta Seeger, member of the Board of Management of Daimler AG, responsible for Mercedes-Benz Cars Sales: “With Jan Madeja, Nicholas Speeks and Holger Suffel we have found excellent managers and proven sales experts with many years of experience for our markets China, USA and Russia. I wish them every success with their new tasks. My special thanks goes to Dietmar Exler who leaves our company at his own request. Under his leadership, Mercedes-Benz has been able to maintain its market leadership in the premium segment every year since 2016.” Continue reading
Commerce Identifies Entities of National Security Concern
This list contains the names of foreign parties that are subject to specific license requirements for the export, reexport, and/or in-country transfer of controlled items, ensuring that sensitive technologies do not fall into the hands of those who would threaten U.S. national security or American citizens. Continue reading
Unifor Saves Some Canadian Jobs as GM Blinks on Oshawa
This fight has international ramifications stretching beyond next year when the Canadian autoworkers and the UAW contracts expire at the Detroit Three. While not official, this makes the beginning of bargaining table battles that will cast a large shadow on the upcoming U.S. presidential election. Continue reading
SEC Charges Engine Manufacturing Company Execs with Fraud
According to the complaint, filed in federal court in Chicago, Gary Winemaster, Power Solutions International Inc.’s former CEO, and two former senior sales executives, Craig Davis and James Needham, caused Power Solutions to fraudulently record revenue for purported sales of products that were not complete, that the customer had not agreed to accept, for which the price was falsely inflated, and from improper “bill and hold” arrangements. Continue reading →