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Category Archives: litigation
Real News: SEC Charges Lumber Liquidators with Fraud
Lumber Liquidators agreed to pay more than $6 million to settle the SEC action. The SEC’s order finds that in early 2015, Lumber Liquidators, a discount retailer of hardwood flooring, made public statements in response to a “60 Minutes” news program episode that showed undercover video of Lumber Liquidators’ suppliers stating that they provided the company with products that did not comply with regulatory requirements. Continue reading
In the Weeds – Driving Under the Influence of Cannabis
Marijuana’s role in crashes isn’t as clear as the link between alcohol and crashes. Many states don’t include consistent information on driver drug use in crash reports, and policies and procedures for drug testing are inconsistent. Continue reading
California, Federal Fines and extended Warranties and Fixes Cost Fiat Chrysler at Least $800m for Diesel Cheating
Companies and their board of directors may not believe in global warming, but regulators backed by ruinous fines along with alarmed shareholders and customers are making them act as if they do. Continue reading
Posted in environment, fools 'n frauds, fuel economy or emissions, litigation, news analysis
Tagged 2014-2016 diesel Jeep Grand Cherokees and Dodge Ram 1500, auto industry commentary, autoinformed, autoinformed.com, automotive blog, carb, connected vehicles, dieselgate, fiat Chrysler, Ken Zino, new vehicle reviews
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Ford Again Expands Takata Air Bag Recall to 1,000,000 Vehicles
This safety recall represents the addition of previously recalled vehicles to include more model years within the geographic zones defined earlier by National Highway Traffic Safety Administration. Continue reading
Predictably – So-Called Tokyo “Court” Secretly Prolongs Detention of Carlos Ghosn By 10 Days According to TV Asahi
Ghosn, accused of aggravated breach of trust, is facing allegations of making the car maker take on ¥1.85 billion ($16.8 million) in investment losses that allegedly were his. (See AutoInformed from last Sunday: Japanese Justice or Farce?) Continue reading
Posted in auto news, litigation, news analysis, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, carlos ghosn, connected vehicles, Japanese corporate governance, Japanese Justice, Ken Zino, litigation, new vehicle reviews, news, news analysis, Nissan Motors, people
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Happy New Year or is that Old Year? Impaired-Driving Still Remains Primary Cause of Deaths
The first four states with legalized recreational marijuana use saw as much as a 6% increase in vehicle crashes compared with neighboring states without such laws, according to research from the Insurance Institute for Highway Safety and Highway Loss Data Institute. Continue reading
Japanese Justice or Farce?
Carlos Ghosn remains in a tiny jail cell in jail for at least the rest of the year, a Tokyo court ruled today, Sunday 23 December 2018. Ghosn stays locked up until January 1, giving the Japanese “authorities” added time to question him – without his lawyer present – on more alleged wrongdoings as Nissan Motors CEO. Continue reading
Japanese Scrooges Run Amok as Carlos Ghosn Re-Arrested. Christmas Locked Up for the Gaijin!
Prosecutors then re-arrested Ghosn on new charges in a sordid tale that goes back to Ghosn’s first arrest on 19 November 2018. Ghosn could now be in a tiny jail cell for another 10 days or more, where he has been locked up since last month on initial allegations of financial misconduct. Continue reading
Posted in AutoInformed Editorial, financial results, fools 'n frauds, litigation, news analysis, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, connected vehicles, Japanese corporate governance, Japanese legal abuses, Ken Zino, new vehicle reviews
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Ford Manufacturing Executives from General Pacheco Plant Sentenced for Crimes Against Humanity in Argentina
Müller was the plant’s manager and Sibilla was security manager at the time the crimes were committed. According to Spain’s El País newspaper, the judges ruled that Müller and Sibilla were actively involved in the dictatorship’s plan to repress union leaders at large companies. Continue reading
Posted in labor issues, litigation, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, connected vehicles, ford motor, Ford's General Pacheco, Héctor Sibilla, Ken Zino, new vehicle reviews, Pedro Müller, Rome Statute of the International Criminal Court, Sindicato de Mecánicos y fines del transporte automotor de la República Argentina
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Carma Project, Toyota Try to Up Takata Recall Awareness
Carma Project claims – not without self-interest – that “will further help address the recall of deadly Takata airbags, which is labeled ‘the largest and most complex safety recall in U.S. history’ by the National Highway Traffic Safety Administration (NHTSA). About 87% of all Toyota vehicles sold during the past 15 years are still on the road today. Continue reading
Trump Record Deficit Watch – Another Proposed Increase
More than a year ago, President Trump pledged to eliminate the national debt “over a period of eight years.” But for the first time in history, the national debt surpassed $21 trillion, while Trump is facing 17 criminal investigations, another presidential record. Continue reading
IndustriALL Pressures Volkswagen Group to Engage with UAW or Else Face Suspension of its Global Contracts
However, instead of entering into bargaining with the union, Volkswagen has repeatedly taken legal action against the vote, including an appeal against the ruling of the National Labor Relations Board during August 2016, which ruled in favor of the UAW. Continue reading
Renault Board Investigation Backs Ghosn. Governance Measures Stay in Place. Compensation Controversy Ongoing
Their preliminary conclusion is that the compensation of Carlos Ghosn, Chairman and Chief Executive Officer of Renault and the conditions under which such compensation was approved followed applicable law as well as the recommendations of the *AFEP-MEDEF. The Board of Directors decided to maintain the current governance measures established on November 20, 2018. Continue reading
Posted in auto news, litigation, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, carlos ghosn, connected vehicles, corporate governance in France, ghosn, Groupe Renault, Kelly and Nissan Motor, Ken Zino, new vehicle reviews, Renault Nissan Mitsubishi Alliance, the Japan Financial Instruments and Exchange Act
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Ghosn, Kelly and Nissan Motor Corp. Indicted for Violating The Japan Financial Instruments and Exchange Act
Thus – as predicted – this case, besides from revealing the rift between Nissan and its European partner Renault that saved it from bankruptcy, has cast a cold beam of light on Japanese corporate governance – or is that non-governance? – practices. Continue reading
Online Retailer AutoAnything Pays $1 Million Fine for Selling Illegal, Polluting Aftermarket Parts in California
“Although the former AutoAnything, Inc. was a retailer, everyone in the chain of commerce – that is manufacturers, distributors, dealers, installers, and retailers – has an important responsibility to ensure that all aftermarket products they offer for sale have first been exempted by CARB,” said CARB Enforcement Chief Todd Sax. “This settlement is a reminder of the serious consequences for ignoring this responsibility.” Continue reading →