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Category Archives: litigation
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
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
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 →