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Tag Archives: autoinformed.com
Ford Restructuring – Mahindra Joint Venture Announced
The joint venture will be responsible for expanding the Ford brand in India and exporting its products to Ford entities globally. Ford will continue to own the Ford brand, and its branded vehicles will be distributed through the current Ford India dealer network. Mahindra will continue to own the Mahindra brand and operate its own independent dealer network in India. Continue reading
Mercedes One, Two at Russian Grand Prix. Ferrari Third
Formula One continued its struggle to put on a race on the track at the Russian Grand Prix yesterday, as safety cars once again turned the racing into a battle of pit crews with the drivers providing entertainment via their car radio communications complaining or questioning the team strategies. Continue reading
Posted in racing, results
Tagged auto industry commentary, autoinformed.com, automotive blog, formula one, Ken Zino, Russian Grand Prix
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BMW Motorrad Heritage Collection 2020 Coming
The famous black and white color of the early motorcycles is claimed to be reflected throughout the entire collection. The original branding and the BMW metal emblem are also incorporated in the design. The copper-colored details and visual accents displayed in these garments are similar to the materials used in classic BMW motorcycles. Continue reading
Fiat Chrysler Cops Plea on Fraudulently Reporting Sales
According to the SEC’s order, between 2012 and 2016, FCA US issued monthly press releases falsely reporting new vehicle sales and falsely touting a “streak” of uninterrupted monthly year-over-year sales growth. However, the growth streak had been broken in September 2013. Continue reading
Hyundai Motor and Cummins to Work on Fuel Cell Technology
Hydrogen can be produced from renewable sources, stored economically, and deployed for many industrial and residential energy-generation applications. It is, of course used, in fuel cell passenger cars and commercial vehicles. Continue reading
SEC Charges Westport Fuels Systems and ex-CEO with Bribing a Chinese Government Official via a Private Equity Fund
According to the SEC’s order, beginning no later than 2016, Westport, acting through Gougarty and others, engaged in a scheme to bribe a Chinese government official to obtain business and a cash dividend payment by transferring shares of stock in Westport’s Chinese joint venture to a Chinese private equity fund in which the government official held a financial interest. Continue reading
Bentley Bentayga Hybrid Has 24-Mile Electric Range
A high voltage battery is capable of recharging in a leisurely “the servants have nothing else to do anyway” 2.5 hours. Continue reading
CARB and United Nations Start Satellites for Climate Action
California, of course, has one of the leading greenhouse gas reduction programs to achieve carbon neutrality by 2045. It also has a long, distinguished history of using innovative ways to reduce emissions while supporting a thriving economy. Continue reading
Autonomous Driving – Aptiv and Hyundai $4 Billion JV
Hyundai Motor Group affiliates — Hyundai Motor, Kia Motors and Hyundai Mobis — will collectively contribute $1.6 billion in cash at closing and $ 0.4 billion in vehicle engineering services, R&D resources, and access to intellectual property. Continue reading
Posted in autonomous vehicles, electronics
Tagged Aptiv, auto industry commentary, autoinformed.com, Kenneth Zino, milestones
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Death of the Diesel: Volkswagen Board Crisis as Three Chairman Indicted in Germany for Stock Market Manipulation
As a result, the Supervisory Board of Volkswagen AG hastily convened a meeting, claiming that it was unaware that the indictments were coming since it was allegedly cooperating in the investigation by the public prosecutor. It will also meet again tomorrow to discuss what is company threatening development. Continue reading
Death of the Diesel: Daimler Guilty of Selling Dirty Diesels in Germany – Pays $957,000,000 Fine Rather than Litigate
The negligent violation of supervisory duties occurred on the department head level. It appears that the Daimler has refrained from taking a legal action challenging the fine notice because senior executives are not implicated. The public prosecutor’s administrative offense proceeding against Daimler AG is thereby fully concluded. This is not so at Volkswagen Group where senior executives were indicted today. Continue reading
Penske’s Newgarden, Pagenaud One-Two in 2019 IndyCar
Newgarden gave team owner Roger Penske his 16th series championship, including the fourth in the last six years. Josef Newgarden didn’t have a race-winning car on Sunday afternoon, but his eighth-place finish was enough for him to earn his second Series Championship, and Team Penske’s 16th. Continue reading
Posted in racing, results
Tagged auto industry commentary, autoinformed.com, indycar, Josef Newgarden, Ken Zino, Laguna Seca, Team Penske
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SEC Charges and Settles False Financial Disclosures Against Nissan, Former CEO Carlos Ghosn, Former Director Greg Kelly
Critics no doubt will say the settlement is laughable given the amount of money involved. Continue reading
Amazon Wants to Meet the Paris Agreement 10 Years Early
It’s part of the so-called Climate Pledge, a commitment to meet the Paris Agreement 10 years early. Amazon is the first signatory of this pledge, and it will hardly be the last. The Climate Pledge calls on signatories to be net zero carbon across their businesses by 2040—a decade ahead of the Paris Accord’s goal of 2050. Continue reading
Weak Chinese Retail Sales in August Delay Recovery
Chinese passenger production improved in August, with a drop of -0.7% to 1.66 mn units, recovering from the double-digit declines seen in recent months. LCV output fell by – 0.9% to 0.24 mn units. LV output was down by 0.8% YoY, on total build of 1.90 mn units. Now that vehicle stocks have been unwound, OEMs no longer are carrying bloated inventories and are preparing to resume normal production rhythms, says LMC. However, LMC decided to make a further cut to the passenger vehicle growth forecast for 2019, from -5.5% to -7.4%. This is bad news for the global economy in general and the Detroit Three. Continue reading →