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Nissan Chairman Carlos Ghosn Arrested and About to be Sacked by Board for Financial Misconduct. Renault-Nissan-Mitsubishi Alliance Position Threatened.
Ghosn as chief executive of the Renault-Nissan-Mitsubishi Alliance is now under fire. Ghosn retired from the highest job at Nissan last year, but remained heading the world’s largest automotive alliance, saying he planned on staying until 2020. Ghosn was paid ¥227 million in cash and stock options by Mitsubishi Motors in 2017. Continue reading
Americans Like Other World Leaders Over Trump
In the auto industry Trump’s bellicose nature, ill thought tariffs and threatened trade restrictions have wreaked havoc to no discernible positive affect. Even the tax cut for the wealthy hurt the car making and car buying middle class. Continue reading
Shanghai: LMP1 Hybrids Faster and/or Luckier than P2 Cars
Morning rain forced a safety car start due to treacherous track conditions, but even driving at reduced speed was risky and soon an accident further down the field prompted a red flag, with the pole position #7 TS050 HYBRID leading the #8 car. Continue reading
VW ID.Buzz Teases New Light Commercial Vehicles
Over seven decades and six vehicle generations, Volkswagen Commercial Vehicles has refined and sharpened its van design,never losing sight of the role of the model series. With the debuts of the ID.Buzz, the upcoming decade will see the advent of another series of all-round vehicles to supplement the T6 Transporter, Caravelle, Multivan and California. Continue reading
Mazda-Toyota Plant Under Construction in U.S.
The plant will build Toyota’s Corolla, whose all-new 2020 model which will make its public debut at the Los Angeles Auto Show in California, and Mazda’s yet-to-be revealed crossover model. Continue reading
Global Light Vehicle Sales Drop in October
Global Light Vehicle (LV) sales fell 3.8% in year-on-year (YoY) terms in October, while the selling rate rose to 92.2 million units/year, from September’s 90.2 million units/year, according to consultancy LMC. Continue reading
Aston Martin DBX SUV Prototype Now in Testing
DBX is scheduled to be unveiled in the last quarter of 2019 and will be built at Aston Martin Lagonda’s St Athan facility; a manufacturing plant that will ultimately become the ‘Home of Electrification’ when the marque’s fully-EV models enter production. Continue reading
Mercedes-AMG Petronas Win F1 Constructors’ Championship
“When we re-joined Formula One with a works Mercedes team in 2010, it was part of a long-term strategic plan,” said Ola Källenius, member of the Board of Management of Daimler AG, responsible for Group Research & Mercedes-Benz Cars Development. Continue reading
Johnson Controls to Sell Power Solutions for $13.2 Billion
Johnson appears to be selling a profitable business unit with a bright future in order to bolster other businesses. Continue reading
Magna International Posts Record Q3 Earnings
However, sales were slightly lower than we had anticipated, mainly due to lower than expected light vehicle production. Adjusted EBIT was below the comparable quarter in 2017 and was less than what Magna expected. After considering the impact of lower than anticipated volumes, the Power & Vision, Seating Systems and Complete Vehicles segments performed substantially in line with Magna expectations. Body Exteriors & Structures segment reported results below expectations, as a result of higher than anticipated launch costs and under-performance at certain facilities, largely offset by a favorable customer pricing resolution. Continue reading
Daimler and Bosch Target San José for Automated Ride-Hailing
Daimler, Bosch and San José have signed a memorandum of understanding to pursue this test. Using automated Mercedes-Benz S-Class vehicles, Daimler will offer the service to a selected users in the San Carlos/Stevens Creek corridor between downtown and west San José. With its population expected to grow 40% in the next two decades, the metropolitan area faces growing transportation challenges. Continue reading
Amazon Free Shipping has High Negative Costs
Ads say that candidates must have the “ability to lift, bend, reach above the head, kneel, crouch, and/or stretch during shifts up to 12 hours long.” Continue reading
2019 Toyota Mirai Brings Real Power
“Mirai means ‘future’ in Japanese and that’s where this technology will take us,” claimed Ed Laukes, group vice president, marketing, Toyota Motor North America. “The new marketing campaign shows how Mirai gives drivers the power to move the world forward with the touch of a button.” Continue reading
Posted in alternative fuels, environment, fuel economy or emissions, global warming, marketing, milestones, news analysis, public health
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, dieselgate, dirty diesels, fuel cell electric vehicles, Ken Zino, new car reviews, Toyota Mirai
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Alcoa Escalates Global Attack on Workers
The Alcoa European Works Council (EWC) criticized Alcoa for failing to comply with European information and consultation regulations by not consulting with the EWC in advance and not providing the EWC adequate information. The Netherlands-based EWC has filed a court claim in the Netherlands in order to block the closure and layoff. Continue reading
Posted in customer satisfaction, labor issues, manufacturing, news analysis
Tagged alcoa, Alcoa European Works Council, Australian Workers Union, auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, Bécancour smelter, IndustriALL, Ken Zino, new car reviews
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Carlos Ghosn Given Temporary Reprieve by Renault Board
It was the latest twist on an ongoing saga that involves alleged tax evasion by Ghosn. It also raised, yet again, the embarrassing issue that foreign executives demand and receive far greater compensation than their Japanese equivalents. Continue reading →