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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
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
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
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
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 →