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Category Archives: litigation
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
Nissan Board Deletes Carlos Ghosn as Chairman and Director
The board of directors for Nissan Motor Co. met today at the company’s global headquarters in Yokohama, Japan. The board endorsed the long-standing and profitable Alliance partnership with Renault saying, “it remains unchanged” and that “the mission is to minimize the potential impact and confusion on the day-to-day cooperation among the Alliance partners.” Continue reading
Posted in auto news, financial results, litigation, milestones, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, carlos ghosn, Ken Zino, new car reviews, nissan, Nissan Board of Directors, Renault Nissan Mitsubishi Alliance, Tokyo Stock Exchange
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Hyundai Reorganizes with Executive Shakeups
Kenny Lee’s departure comes as Hyundai confronts mounting pressure to address reports about no collision engine fires in some of its vehicles. ( See AutoInforned on Center for Auto Safety Demands Recall of 2.9 Million 2011-2014 Kia and Hyundai Vehicles for Fires) Continue reading
More Automated Driving R&D Underway at Toyota
Through this alliance, the three companies will work toward achieving “freedom of movement for all” and a “society with zero casualties from traffic accidents.” While these goals are a cliché in automated driving releases, scant evidence exists that this will happen beyond the fact that there is a lot of work underway in the area. Continue reading
Posted in auto news, autonomous vehicles, concept, insurance, litigation, safety
Tagged and Tokio Marine & Nichido, auto industry commentary, autoinformed, autoinformed.com, automated driving enabling technologies, automotive blog, Automotive Commentary, Ken Zino, new car reviews, toyota, TRI-AD
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Chinese Junk Watch – Brookstone Wireless Speaker Fires
Consumers should immediately stop using the recalled Brookstone speakers and properly dispose of the lithium-ion battery packs according to state and local regulations. Continue reading
Posted in litigation, manufacturing, recalls, safety
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, Brookstone Wireless Speaker Fires, Chinese Junk Watch, Consumer Product Safety Commission, Ken Zino, new car reviews, Plastoform Industries of China
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Dieselgate – Audi Fines of ~$1 Billion hit Porsche Guidance. Porsche is Economical with the Truth on Ongoing Risks.
Porsche rules out however a spin off ala Ferrari that could value and independent company at more than $80 billion. The remaining outstanding fraud case from the noxious diesel emissions scandal is remains ongoing in Stuttgart, where state prosecutors are investigating the role Volkswagen’s sports car brand Porsche played in the sordid diesel affair. Continue reading
Posted in environment, financial results, fools 'n frauds, fuel economy or emissions, litigation, news analysis
Tagged Audi diesel fraud, auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, dieselgate, epa, Ken Zino, new car reviews, Porsche SE, Volkswagen Diesel Fraud, Volkswagen Group legal fines
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Versata, Not Ford, Owns Trade Secrets says Federal Judge
Versata declared publicly that the jury verdict could result in hundreds of millions of dollars of damages to Ford and could result in an injunction from using the “copycat” substitute software Ford secretly created behind closed doors that infringes on Versata’s property rights. Continue reading
US DOT and EPA Want to Slash Fuel Economy Standards. Trump Administration Proposal Has Many Critics
The Trump Administration claimed that the new national automobile fuel economy and greenhouse gas emissions standards will give the American people greater access to safer, more affordable vehicles that are cleaner for the environment. Continue reading
Recalls from Ford, Lamborghini, Lexus, Mazda and VW
When an automaker or the National Highway Traffic Safety Administration (NHTSA ) concludes that a vehicle creates an unreasonable risk to safety or fails to meet minimum safety standards( often because of customer complaints), the manufacturer is required to fix that vehicle at no cost to the owner. Continue reading
CARB OKs Plan to Mitigate Harm from Volkswagen Diesel Defeat Devices. Heavy-Duty Vehicles to Get Clean Technology
“This is a landmark moment in the saga of Volkswagen’s environmental violations,” said CARB Chair Mary D. Nichols. “Over the next 10 years this plan will put in place not only tools to clean up VW’s excess emissions, but also to help achieve further reductions of smog-forming pollution for decades to come.” Continue reading
Fiat Chrysler Recalls 4.8 Million Vehicles for Runaway Acceleration Caused by Cruise Control Software
This appears to be a re-run or sequel of Chrysler’s long-running horror movie on safety. (See AutoInformed/com on: NHTSA Whacks Chrysler with Record $105m Safety Penalty, Hack Attack! FCA Recalls 1.4m Vehicles Because Outsiders Can Take Control Remotely by Exploiting the Software, US DOT Fines Fiat Chrysler $70 Million more, NHTSA Blasts FCA Recalls – Big Fines, Maybe Criminal Charges Coming for Italian Automaker? Litigation Ongoing.) Continue reading
Daimler, Deutsche Telekom End German Government Clash
Whether this bodes ill for Daimler’s other car-to-car or car-to-infrastructure/web communications programs remains to be see. It also points to an unknown legal environment facing autonomous car makers with products already on the market – automatic driver-assist systems such as automatic braking, automatic parking, or vehicle-following speed control. Continue reading
50 Mayors, 11 States to Defend +50 MPG CAFE Standard
In a statement like the American Revolution’s Declaration of Independence, local leaders are rejecting a corrupt central government out of touch with the people – one that instead is beholden to special interests, big oil, and big money for campaigns to keep the corruption and tyranny ongoing. 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 →