Tag Archives: autoinformed

Auto Dealerships Support 2.2 Million U.S. Jobs

The CAR study, Contribution of New-Car Dealerships to the Economies of All 50 States and the United States, highlights the economic impact of U.S. new-car dealership from employment data, taxes collected or generated by dealerships to taxes paid by employees at the state and national level. Continue reading

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J.B. Hunt and Petty Motorsports Team for Driver Appreciation

RPM will also participate in driver recruiting activities. Continue reading

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VW Group CEO Martin Winterkorn Resigns

“I am shocked by the events of the past few days. Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group., said Winterkorn. “As CEO I accept responsibility for the irregularities that have been found in diesel engines and have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group.” Continue reading

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Canada Opens Query on Volkswagen Diesel Emissions

Corporate officials can be prosecuted if they authorize, accept or participate in any violation of CEPA, 1999, or its regulations. A range of sentences may be available upon conviction, including fines and possible imprisonment. Continue reading

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Legal Challenges Grow in VW Diesel Recall

Hagens Berman, which filed the first class-action lawsuit against Volkswagen AG’s U.S. manufacturer and distributor, says it is expanding its national suit alleging that the automaker deceived consumers by using software to cheat emissions tests, allowing its “Clean Diesel” vehicles to emit nitrogen oxides (NOx) at illegal levels. Continue reading

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Porsche Profits Impaired by Pending VW Diesel Recall, Fines

Because of the capital stake Porsche Automobil Holding SE, Stuttgart holds in Volkswagen AG (31.5%), the results of Porsche SE will be diminished. The Porsche Profits target for the Porsche SE Group for fiscal 2015 will also require adjustment downward. Continue reading

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Volkswagen Investigation underway for Deliberately Violating Diesel Emission Rules – $18 Billion in Fines Coming?

A sophisticated software algorithm on VW and Audi diesel engines detects when the car is undergoing official emissions testing, and turns full emissions controls on only during the test. Continue reading

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GM Ducks Criminal Charges in Ignition Switch Recall Debacle, Incurring $1.575 Billion in Costs, so far, to Stockholders Because of a Decade long Covered Up about Killing Customers

GM has cut a controversial deal over the company’s handling of an ignition switch defect in millions of GM vehicles that killed or seriously injured at least 1,380 innocent people who have lawsuits pending in the Multi District Litigation (“MDL”) in the United States District Court for the Southern District of New York. Continue reading

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New IBM Cloud Service for Automakers Debuts at IAA

By 2020, it is estimated that 90% of new cars will be equipped with extensive connectivity services. Automakers are increasingly using so-called IoT solutions (Internet of Things – more industry gibberish) that help to, allegedly, to deliver data generated from cars directly to the cloud for near real-time analysis. Continue reading

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Hyundai and Kia versus Paice over Hybrid Patents

Paice filed the infringement lawsuit against Hyundai and Kia in February 2012 after unsuccessfully trying to negotiate a licensing agreement on its patents. Continue reading

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U.S. Income Flat, 47 Million People in Poverty

The U.S. Census Bureau announced today that there was no statistically significant change in 2014 from 2013 in either real median household income or the official poverty rate. At the same time, the percentage of people with health insurance coverage increased because of the Affordable Care Act. Continue reading

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FCA US and UAW Reach Tentative Deal

FCA US confirmed this evening that it has reached a tentative agreement on a new collective bargaining agreement with the UAW, covering approximately 40,000 represented members. Continue reading

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US Used Car Prices Stable in August

In the U.S. during August used vehicle depreciation fell by 1.9%, followed by a 0.6% new vehicle sales drop when compared to July. At this time of year, wholesale used vehicle sales begin to slow, traditionally making it a tricky time for shoppers, as local dealer inventories will determine prices. Continue reading

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August EU Sales Surprise – Up 11%

Despite the longstanding trend that August along with February are the two slow months in EU light vehicle sales, August saw demand increase 11% with growth in all major markets as the European recovery continues. Continue reading

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Porsche Takes on Tesla EV with 600 Horsepower Mission E

German automakers whose entire reputations – especially in expensive segments – are built on technology are struggling to catch up with Toyota on hybrids, and have few EV entries thus far. Add in the emerging threats of Apple and Google in the auto business and it is clear that the Germans are playing defense. The well-known problems with initial German automaker forays into electronics – remember the BMW I-Drive fiasco – and even the defense needs bolstering in a business that centers on offense. Continue reading

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