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Category Archives: people
Carlos Tavares Out as Stellantis CEO
Stellantis (NYSE: STLA ) in an unusual but not surprising Sunday release said that the Company’s Board of Directors, under the Chairmanship of John Elkann, has accepted Carlos Tavares’ resignation on 1 December 2024 as Chief Executive Officer with immediate effect. The process to appoint the new permanent Chief Executive Officer is well under way, as AutoInformed* previously reported, managed by a Special Committee of the Board. It will conclude within the first half of 2025. Until then, a new Interim Executive Committee, chaired by John Elkann, will be established. Continue reading
Posted in auto news, customer satisfaction, financial results, milestones, mobility company, news analysis, people, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, John Elkann, Ken Zino, NYSE: STLA, X @KenAutoinformed
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General Motors via Cadillac F1 Bound in 2026
The move comes after Max Verstappen took the 2024 driver’s title driving for Red Bull at Las Vegas over the past weekend. An announcement of some sort was widely rumored in the paddock. This starts another era in F1 as Cadillac would be the first new team to join F1 since 2016 and the eleventh team on the grid. In addition to the Cadillac F1 partnership with GM, TWG Global owns and operates Andretti Global, Wayne Taylor Racing, and Spire Motorsports. [It will also open up a couple of driver’s seats in the world’s most expensive motor sports series. Seven different drivers won more than one race in 2024, which has two races remaining. Gentleman, let the driver speculation intrigue begin. Gentlewoman? – AutoCrat] Continue reading
Posted in auto news, marketing, news analysis, people, performance, racing
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Cadillac Formula 1 Team Formula One, Dan Towriss, Formula 1, Ken Zino, Mario Andretti, Mark Walter, Max Verstappen, X @KenAutoinformed
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Abgewürgt – Volkswagen German Collective Bargaining
The negotiating committees of Volkswagen AG and IG Metall Lower Saxony and Saxony-Anhalt held negotiations on the 2024 collective bargaining round in Wolfsburg yesterday without reaching an agreement on plant closings or cutting labor costs. However, they did agree to meet again on 9 December 2024. (Read AutoInformed.com on: Large European Job Cuts Coming at Ford, Again, and Pablo Di Si Out at VW Group of America)
“We view it as a positive signal that the employee representatives have shown openness to reducing labor costs and capacity reductions. However, the counter-proposal they submitted must be judged on whether it creates both sustainable financial relief for the company and offers clear prospects for the workforce,” said Arne Meiswinkel, lead negotiator at Volkswagen AG. “For Volkswagen AG, the sustainable achievement of financial targets remains crucial in order to ensure competitiveness in an extremely challenging phase for the German automotive industry,” said Meiswinkel. Continue reading
Posted in auto news, economy, labor issues, manufacturing, news analysis, people, transportation
Tagged Arne Meiswinkel, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Braunschweig, Emden, German economy, Hanover, Kassel, Ken Zino, Salzgitter, Wolfsburg, X @KenAutoinformed
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Large European Job Cuts Coming at Ford, Again
Ford Motor Company (NYSE: F) announced today its restructuring plans to create a badly needed more “cost-competitive structure.” The main focus is the health of Ford’s passenger vehicle business in Europe, where it incurred significant losses for years. Ford is also lagging in the European shift to electrified vehicles, and new competition – especially Chinese – has been disruptive. Through Q3 of 2024, Ford sales are down ~18% in Europe. Continue reading
Posted in auto news, economy, environment, labor issues, manufacturing, milestones, mobility company, news analysis, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Dave Johnston, John Lawler, Ken Zino, NYSE F, X @KenAutoinformed
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Pablo Di Si Out at VW Group of America
Volkswagen Group of America effective December 12. Gruner succeeds Pablo Di Si, “who has stepped down from his position on his own request.” It was a short two year stint for Di Si. Until Kjell Gruner* takes office, Gerrit Spengler, the chief human resources officer of Volkswagen Group of America, will perform the function of interim CEO. So car guy out, Human resources in.
Yes, that’s right Human Resources is running a car company. It’s just the latest example of the chaos at VW globally as three plants are shutting in Germany and VW and Audi models are being dumped, and its plan to sell Scout vehicles directly is legally under attack by dealers. During the first nine months of the year, 769,000 vehicles were delivered in North America, an increase of more than 7% compared to the previous year. In the main US market though, the Volkswagen Group grew by only 1.5%. Continue reading
NLRB Rules Against Anti-Union Captive-Audience Meetings
The National Labor Relations Board today issued a decision in Amazon.com Services LLC, ruling that an employer violates the National Labor Relations Act by requiring employees under threat of discipline or discharge to attend meetings in which the employer expresses its views on unionization. Members Prouty and Wilcox joined Chairman McFerran in issuing the decision. Member Kaplan – a Trump appointee – dissented. Continue reading
Posted in labor issues, litigation, news analysis, people, shows and events
Tagged Amazon.com Services anti-union captive meetings, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, David M. Prouty, Gwynne A. Wilcox, Ken Zino, Lauren McFerran, Marvin E. Kaplan, National Labor Relations Board, nlrb, X @KenAutoinformed
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McKinsey and Hire Heroes USA – Bridging Veteran Career Gaps
McKinsey& Company said today that it is working with Hire Heroes USA to bridge the career gap for veterans. About 60% of the estimated 150,000 U.S. active-duty service members who transition from the military each year earn less during their first year after being discharged versus what they earned during active duty, according to a recent McKinsey article.
“Hire Heroes USA gave me the confidence and tools to return to the workforce. After six years out of the workforce, three years battling cancer, I didn’t know how to navigate job searches and resume writing,” said Samantha Bell, a U.S. Navy veteran who works as a clinical instructor in ABA therapy. “The coaching, friendship, and resources were invaluable as someone who felt lost and alone.” Continue reading
Posted in economy, milestones, news, news analysis, people, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Charlie Lewis, Hire Heroes USA, James O. McKinsey, Ken Zino, McKinsey & Company, Samantha Bell, veterans and employment, X @KenAutoinformed
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Brazilian Gabriel Bortoleto – Formula One’s Newest Driver
The second driver for Audi’s entry into Formula 1 in 2026 will be the 20-year old Brazilian Gabriel Bortoleto. He will drive alongside German Nico Hülkenberg (37) for Stake F1 Team Kick Sauber next year, which will become the Audi F1 factory team in 2026.
The experienced Hülkenberg, who was announced in April, and the promising F1 rookie Bortoleto form a Mutt and Jeff or opposite-experience driver pairing for Audi’s Formula 1 project. Bortoleto in 2023 stood out in his debut season winning the FIA Formula 3 Championship. The São Paulo native is currently leading the FIA Formula 2 Championship standings. His career began at the age of six in karting, and by twelve, he had moved to Europe with his family to pursue his Formula 1 dream. Continue reading
Posted in auto news, news analysis, people, performance, racing
Tagged 2026 Audi F1 factory team, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Fédération Internationale de l'Automobile, formula one, Gabriel Bortoleto, Ken Zino, Nico Hülkenberg, Stake F1 Team Kick Sauber, X @KenAutoinformed
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Trump Presidency Effects on Auto Industry – All Bad?
After the election of Donald Trump, Jeff Schuster, Vice President Research Automotive at the GlobalData* consultancy, offered thoughts some of the changes expected in the US automotive industry from Trump 2.0. Fasten your safety belts! AutoInformed thinks it’s going to be a bumpy job, climate and economy threatening ride.
“Automotive is one of the sectors that could see a significant mid-term impact from the new Trump presidency in the areas of Trade, Electric Vehicle Transition and Regulations, “said Schuster this morning. Continue reading
Posted in auto news, economy, environment, fools 'n frauds, labor issues, manufacturing, news analysis, people, results, shows and events, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GlobalData consultancy, Jeff Schuster, Ken Zino, second Trump Presidency, X @KenAutoinformed
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U.S. International Trade Deficit Up in September
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $84.4 billion in September, up $13.6 billion from $70.8 billion in August, revised. As the economy continues to expand, consumers are buying more raising the deficit. The news comes on Election Day where under new Trump Administration – if it returns – proposed tariffs by Trump will cost consumers billions upon billions of dollars, send the cost of living soaring and hurt the economy overall. Trumpa-nomics 2 the sequel: Tanking the Economy Again. Continue reading
Posted in customer satisfaction, economy, financial results, fools 'n frauds, labor issues, manufacturing, news, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, balance of trade, Chinese trade war, Ken Zino, Trump economics nonsense, Trump taxes on the working class, US Trade deficit, X @KenAutoinformed
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Motorcycle Gang Members Charged with Violent Racketeering
This investigation was an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launders, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks. Continue reading
Posted in blog, motorcycles, news analysis, people, public health, safety
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Chief Estella Patterson Raleigh Police Department, Hells Angels Motorcycle Club, Ken Zino, Michael F. Easley Jr, Nicole M. Argentieri, Operation Broken Halo, Organized Crime Drug Enforcement Task Forces, Red Devils Motorcycle Club, Sheriff Ennis W. Wright Cumberland County, Violent Crimes in Aid of Racketeering Activity, X @KenAutoinformed
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Deputy CEO Björn Annwall Leaves Volvo Cars
Volvo Cars (VOLCAR-B.ST)* today announced organizational changes that it said, “are designed to increase simplicity, speed and collaboration and reduce complexity by flattening our structure in the Commercial part of the business.” It is enhancing the responsibilities of the regions and empowering the employees that are closest to the customers to make key decisions. In a surprising move, Björn Annwall, current Chief Commercial Officer & Deputy CEO will support the transition of the new organization before taking his next step “outside of Volvo Cars.” The stock is currently trading at an all-time low.
“In a rapidly changing world, we need to ensure our organization is equipped to navigate a more challenging market. We are now regrouping our commercial leadership team with a focus on making Volvo Cars even stronger with increased speed and efficiency,” said Jim Rowan, CEO at Volvo Cars. Continue reading
Posted in auto news, mobility company, news analysis, people, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Björn Annwall, Fredrik Olsson, Gretchen Saegh-Fleming, Jim Rowan, Ken Zino, Mike Cottone, Volvo Cars Executive Management Team, X @KenAutoinformed, Zhejiang Geely Holding of Volvo Cars
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IPR Center Warns Consumers of Chinese Counterfeit Airbags
CBP officers at U.S. ports of entry are looking at imports – particularly those from China – for shipments suspected of containing counterfeit automotive parts. During fiscal year 2023, CBP and HSI seized ~20,000 shipments containing goods that violated Intellectual Property Rights, equating to nearly 23 million counterfeit items. The total estimated manufacturer’s suggested retail price of the seized goods would have amounted to over $2.75 billion had they been genuine parts. Out of those shipments, ~100,000 items were counterfeit automotive goods, with a MSRP of over $10 million. Continue reading
Posted in aftermarket, auto news, customer satisfaction, fools 'n frauds, manufacturing, quality, shows and events
Tagged auto industry commentary, autoinformed.com, Automotive Anti-Counterfeiting Council, automotive blog, Automotive news and analysis, Brandon Lord, Chinese counterfeits of auto parts, Counterfeit Airbags, Homeland Security Investigations, Intellectual Property Rights, IPR Center, Ivan Arvelo, Ken Zino, National Highway Traffic Safety Administration, Robert Stewart, Sophie Shulman, U.S. Customs and Border Protection, X @KenAutoinformed
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Environmental Justice Climate Corps Launches
“Our partnership is a first-of-its-kind effort within the federal government to expand pathways into environmental justice careers,” said Michael S. Regan, EPA Administrator. “This program will create opportunities for young people through President Biden’s American Climate Corps that will help folks in overburdened communities access and benefit from historic funding secured under the President’s Investing in America agenda.” Continue reading
Posted in economy, environment, milestones, news analysis, people, shows and events
Tagged AmeriCorps VISTA, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Environmental Justice Climate Corps, Ken Zino, Michael D. Smith, Michael S. Regan, Segal AmeriCorps Education Award, X @KenAutoinformed
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Porsche Motorsport and Iron Dames in WEC
Porsche Motorsport said today that during 2025 with the start of the Asian Le Mans Series next weekend in Sepang (Malaysia). Four fast female drivers will compete in four top series at the wheel of a Porsche 911 GT3 R. Michelle Gatting from Denmark, Rahel Frey from Switzerland, Sarah Bovy from Belgium and Célia Martin from France will race for the Iron Dames squad in Asia, Europe and the USA. The schedule also includes the 24 Hours of Le Mans as part of the FIA World Endurance Championship (WEC). Iron Dames is now in a partnership with Porsche – in essence a factory supported racing team.
“Porsche stands for a culture of equal opportunities and diversity. Encouraging women to get involved in motorsport and then supporting them in open competition is something we value highly. In this context, we’ve seen that the Iron Dames project is well-structured and was very successful in recent years,” said Thomas Laudenbach, Vice President Porsche Motorsport. “Since our customer teams have already celebrated victories with the Iron Dames, we’re now taking the next logical step. We’re very confident that the collaboration in all series will reap excellent results and we can highlight our contribution to supporting female racing drivers with victories and podium finishes.” Continue reading →