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Tag Archives: autoinformed.com
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
CARB Sets Tropical Forest Standard Rules
CARB said it developed the standard after evaluating other international deforestation reduction programs and working with the Governors’ Climate and Forests Task Force and indigenous leaders and forest communities. Continue reading
First Ford Performance Off-Road Leveling Kits
Most Ranger and F-150 trucks are purchased with four-wheel drive, and it’s said the leveling kits will enable off-road drivers to risk more challenging terrain. Beyond adding additional ground clearance, off-road performance is improved with Ford truck-optimized FOX shocks. Continue reading
GM Strike Gets Nasty as it Cancels UAW Healthcare Plan
The UAW activated the strike fund as soon as it became aware of GM’s strategic (ham-fisted?) decision to cut healthcare. Continue reading
Posted in economy, labor issues
Tagged auto industry commentary, autoinformed.com, Brian Rothenberg, Ken Zino, UAW GM Strike
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UAW Strike Cost at GM Builds Substantially with Duration
Previously, the 1998 UAW strike on GM lasted 54 days and cost the automaker $2 billion, which would equate to $3.1 billion in today’s dollars – or over a third of their 2018 net profit. A strike lasting this long has the potential to cost GM 500,000 units in lost production, which would quickly deplete their available inventory. In this situation, GM intenders would ultimately either delay purchases or move to competitor brands, which could result in 100,000 lost US sales in the remainder of this year. Continue reading
Sonic Financial Takes Over Speedway Motorsports
Sonic Financial intends “to promptly complete the acquisition of all shares of Speedway Motorsports through a merger of Speedway Motorsports and a subsidiary of Sonic Financial, without a vote of Speedway Motorsports stockholders, in accordance with Delaware law.” Continue reading
Teamsters to Honor Picket Lines of 50,000 UAW GM Workers
“We laud the UAW for its work to ensure that its GM employees are treated with respect and dignity on the job. At a time when more and more companies are downsizing and shipping jobs out of the U.S., it is imperative that unions fight for their members. Workers should be rewarded for good work with fair wages and benefits. That’s what the UAW is demanding.” Continue reading
General Motors Offers UAW $7 Billion in U.S. Investments, an $8000 “Signing Bonus” or is that Bribe?
In its latest statement – with perhaps a hint of desperation – GM said today that “We presented a strong offer that improves wages, benefits and grows U.S. jobs in substantive ways, and it is disappointing that the UAW leadership has chosen to strike at midnight tonight Continue reading
UAW to Strike GM – Contract Talks Deadlocked
The strike does not just involve GM and its suppliers. It has the potential to turn into a national crisis and affect the upcoming presidential election. It could certainly drag in Ford and FCA. At midnight more than 850 Aramark workers in Michigan and Ohio walked off the job over better wages, health care and retirement.The teamsters have yet to be heard from. Continue reading
August Global Light Vehicle Sales Drop -3.9%
Global Light Vehicle (LV) sales fell 3.9% in year-on-year (YoY) terms in August, but the selling rate accelerated to 94.9 mn units/year, from 90.9 mn units/year in July, according to the LMC* consultancy. However, in a whistling past the graveyard … Continue reading
Posted in auto news
Tagged auto industry commentary, autoinformed.com, automotive blog, Ken Zino, lmc
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Ford Recalls 311,907 Explorer SUVs for Dangerous Seat Frames
It took 31 reports of hand injuries before Ford acted on replacing the dangerous part. This is the seventh safety defect recall – thus far – on the 2017 model Explorer. Continue reading
Posted in quality, recalls, safety
Tagged auto industry commentary, autoinformed.com, automotive blog, Ken Zino, nhtsa
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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 →