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Category Archives: milestones
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
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
My Friend Jim Dunne
It had it all – Detroit Royalty surprised, hot cars, and a globally saleable glamour shot. Yes, Jim Dunne had it – he was the sine qua non of an entire category of journalism – automotive spy photography. Continue reading
Posted in auto news, blog, milestones, news, news analysis, people, shows and events
Tagged auto industry commentary, autoinformed.com, jim dunne, Ken Zino, spy photography
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EV Charging Stations Surpass Fuel Stations in UK
n fewer less than 100 years since the UK’s first petrol pump was installed there are now ~1,000 more public places to charge electric cars than there are forecourts to pump petrol – 9,300 EV charging locations compared to 8,400 fuel stations. Continue reading
Mulliner Completely Re-Creates 1939 Bentley Corniche
The original Corniche was lost in France in 1939 at the outbreak of World War II. It was extensively damaged in a traffic accident whilst undergoing road tests in France in August 1939. Sent for repairs, the chassis made it home to the Bentley plant in Derby, but the bodywork was destroyed in a bombing raid on Dieppe later in 1939 and was never seen again. Continue reading
California, Automakers Defying Trump Agree on Emissions
On April 13, 2018, however, the Trump Administration took the first step toward dismantling the national program when it issued a revised final determination that alleged the federal greenhouse gas standards for model year 2022-2025 vehicles were no longer appropriate.kxhw@aol.com 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
Fourth of July 2019 – Time to Rid Ourselves of Despots Again
Some – but not enough of us – are marching once again in the spirit of 1776. We need once again to rid ourselves of what has evolved into a ruling class of our own home-grown tyrants, bigots, racists and traitors who collude with other oppressive, anti-American governments. We have progressed from 2.5 million people to more than 325 million with a gross domestic product of more than $19 trillion – an unimaginable number of teabags for a protest not to clutter Boston Harbor, but the halls of Congress today. Continue reading
California Air Resources Board Has Airport Shuttles Transitioning to Zero-Emission Technology by 2035
With almost 1,000 airport shuttles in operation, the regulation is expected to reduce greenhouse gas emissions by at least 500,000 metric tons, with a beneficial economic impact for shuttle fleets owners of an estimated $30 million in reduced fuel and maintenance costs. CARB is also developing a proposal that would achieve additional emission reductions by requiring zero-emission airport ground equipment. 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
Ford House Previews Spring ‘Driven by Design’ Exhibit
Three rare vehicles never shown together will be the centerpiece: a breathtaking1939 Lincoln Continental prototype, the 1932 Ford Model 18 Speedster and 1934 Ford Model 40 Special Speedster. These three vehicles tell the story of Edsel Ford’s role in bringing design to Ford Motor Company. Continue reading
Renault Returns the Nissan Abstinence Vote Favor
This after the French government asked for more time to study the FCA Renault merger when it learned that Nissan intended to abstain from a vote that would allow it to go forward. Continue reading
Groupe Renault Board Meeting Now on FCA Merger Bid
Based on FCA and Groupe Renault’s 2018 global sales, the combined company would be #4 in North America, #2 in EMEA and #1 in Latin America and would have the increased resources necessary to grow its footprint in the APAC region. On a simple aggregated basis of 2018 results, the combined company’s annual revenues would be nearly €170 billion with operating profit of more than €10 billion and net profit of more than €8 billion. Continue reading
Posted in milestones, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, fca, Groupe Renault, Ken Zino
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McLaren GT – Grand Tourer in the £163,000 Pound Class
Positioned alongside the existing Sports, Super and Ultimate Series families, this McLaren is for a new audience – it’s hoped – providing an “alternative to existing products in an expanding market segment.” Continue reading
Sonic Financial Takes Over Speedway Motorsports
Sonic Financial intends “to promptly complete the acquisition of all shares of Speedway Motorsports through a merger of Speedway Motorsports and a subsidiary of Sonic Financial, without a vote of Speedway Motorsports stockholders, in accordance with Delaware law.” Continue reading →