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Category Archives: environment
SEC Settles Charges Against Clean Water Project Founder
The complaint alleges that only $650,000 of the $7.2 million raised made it to the project’s bank account. According to the complaint, Sembritzky spent the rest of the money on such personal items as a $2 million condominium for his then-wife, luxury cars, jewelry, and credit card debt. Continue reading
Subaru Aids First National Clean-Up and Recycling Plan
Entitled Facelift: Act Local, the six-day-long event produced by the Yosemite Climbing Association and co-presented by The North Face, encourages people to independently get outdoors and safely pick up trash at their local green spaces, neighborhood parks or backyards from September 22-27. Continue reading
California to Subsidize 51 Shell Hydrogen Sites
Socialism for the rich once again. Too bad the CEC doesn’t require some ownership for the capital it is providing. Worse, the Trump misadministration is proposing to roll-back desperately needed methane regulations. Methane, a product of oil drilling is currently burned at the well by flaring. EPA said in the past that over 100 years, methane is estimated to have a global warming potential that is 28 to 36 times that of CO2. Continue reading
2020 Muscle Car and Corvette Nationals Cancelled
“We know that we have all been hoping for the best, but with the uncertainty and the current State of Illinois limitations regarding spectators at indoor events, it is not feasible to continue with the show this year,” said MCACN Managing Member, Bob Ashton. Continue reading
Posted in aftermarket, economy, environment, performance
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, Ken Zino, MCACN
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Milestones: Nissan Production of 500,000 Leaf EVs
The milestone was achieved at Nissan’s plant in Sunderland, England, almost a decade after the model first went on sale. The plant has built more than 175,000 LEAF cars since it began producing the model in 2013.Ironically, Sunderland is now threatened by BREXIT and the UK Governments lack of an agreement with the EU. Continue reading
Uber Plugs-In With Renault, Nissan to Electrify Europe
The MoU between the companies was announced today as part of Uber’s announcement to become a zero-emission mobility platform. By 2025, 50% of kilometers driven on Uber’s platform in aggregate across seven European capitals (Amsterdam, Berlin, Brussels, Lisbon, London, Madrid and Paris) will be in electric vehicles, it’s claimed. In practice this means that riders will be able to select a zero-emission vehicle in cities representing 80% of Uber European business by the end of 2021. Continue reading
COVID-19 – Ford to Donate 100 Million Masks
Masks will support presumptive President Joe Biden’s pending mask wearing mandate. Ford, currently manufacturing 2.5 million medical-grade masks a week for its employees and at-risk communities, is growing the number of mask-making machines by mid- to late-October to increase production and deliver on its goal. Continue reading
St. Catharines Plant Cuts GHG Emissions, Energy Costs
It is the first complete renewable landfill gas industrial co-generation system in Ontario delivering renewable landfill gas from an offsite source. Continue reading
This Grim Picture is Not Worth a 1000 Corona Deaths
The United States accounts for 22% of the Global Corona Virus Deaths with a mere 4% of the world’s population. Fear the Trump Administration if you care for your own o ranyone else’s health and safety. Continue reading
BorgWarner Cops SEC Plea for Materially Misstating Financial Statements Concerning Asbestos Litigation
According to the SEC’s order, BorgWarner did not conduct any substantive quantitative analysis to estimate these asbestos claims, despite possessing nearly 40 years of historical raw claims data. BorgWarner also admitted that its internal controls over financial reporting were ineffective. Continue reading
Posted in environment, financial results, litigation
Tagged asbestos litigation, auto industry commentary, autoinformed, autoinformed.com, BorgWarner, Ken Zino, sec
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CARB Fines Flagship, a Ford Specialty Vehicle Maker
Vehicles sold new in California must be certified to meet California emissions standards. Modifications to a vehicle’s emissions equipment prior to the sale alters the original certification. Continue reading
Covid: Census Says Construction Better Off, More Optimistic Than Other Small Businesses
“These companies of one to 499 employees provided important new insights into the effects of the pandemic,” said Jane A. Callen of the Census Bureau. It doesn’t appear to have anything to do with the Trump Administration’s voter suppression efforts that us Federal Agencies such as Census to subvert our democracy. Continue reading
COVID-19 Auto Related Closings, Openings, Closings
Updated from 16 March 2020 onward Continue reading
Posted in economy, environment, manufacturing, people
Tagged auto industry commentary, autoinformed.com, COVID-19 Closings, Ken Zino
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Death of the Diesel: Daimler in US to Pay $1.5B for Noxious Diesel Emissions Fraud
For the settlements with the U.S. authorities, Daimler expects costs of approx. USD 1.5 billion* (€1.27 billion). The estimated cost of the class action settlement is ~$700 million (~ €592 million) including the court’s anticipated award of attorneys’ fees and costs. In addition, Daimler estimates further expenses of a mid-three-digit-million Euro amount to fulfill requirements of the settlements. Continue reading
Governors Cuomo, Whitmer Call for Investigation Into Trump Administration’s Politicization of Pandemic Response
“It is an inarguable fact that the United States has had the worst response to the COVID-19 virus of any nation in the world. Nearly 7 million Americans have tested positive for the virus, and more than 200,000 Americans have been killed by it — both more than any other country. The unprecedented and unacceptable scale of this tragedy is the direct result of President Trump and the federal government’s deceit, political self-dealing, and incompetence, they said. This in effect echoes the “we hold these truths to be self-evident” language of Thomas Jefferson who despised despots who ruled for their own personal gains. Continue reading →