Category Archives: news analysis

Fasten Your Seat Belt – General Motors Files RICO Lawsuit Against Fiat Chrysler Automobiles

In GM’s view FCA was the sponsor of “pervasive wrongdoing, paying millions of dollars in bribes to obtain benefits, concessions, and advantages in the negotiation, implementation, and administration of labor agreements over time.” Continue reading

Posted in economy, labor issues, litigation, news analysis | Tagged , , , , | Leave a comment

Continental, 3M to Develop Intelligent Infrastructure Technology

By Continental’s admission, and an awareness of the enormity of the task that is becoming more collective admitted among previously unbridled automaker promoters, “current infrastructure is lacking some aspects of consistency, uniformity, performance specifications, and maintenance standards that are important for the industry to optimize the perception and localization capabilities of automated vehicles…
Continue reading

Posted in autonomous vehicles, news analysis | Tagged , , , , , , , | Leave a comment

Capital Punishment Day for Auto Workers at Daimler

Personnel costs will drop by the  end of 2022 as Mercedes-Benz Cars plans to save more than €1 billion in personnel costs. Jobs will be cut in both management and “indirect areas.” Continue reading

Posted in financial results, labor issues, mobility company, news analysis | Tagged , , , | Leave a comment

FCA-PSA Merger – Surviving Platforms and Powertrains

The new consolidated company can be broken down into three basic engine categories: North America, Gasoline and Diesel. Continue reading

Posted in news analysis | Tagged , , , , | Leave a comment

FCA + PSA = Massive Job Losses

For enthusiasts as well a workers there are other threats. How about a spin-off FCA’s expensive low-return Alfa Romeo/Maserati operations? Simple math here: It would provide funds for the new FCA-PSA group while improving its utilization rate. Continue reading

Posted in autonomous cars, economy, fuel economy or emissions, mobility company, news analysis | Tagged , , , , | 1 Comment

Akio Toyoda Wants Mobility Centered on People

Wacky marketing babble alert: “Through the evolution of artificial intelligence, I think that cars, too, can also become able to communicate with people and their hearts. that’s right… I think cars of the future will be like horses. Continue reading

Posted in concept, mobility company, news analysis, people | Tagged , , , , , , | Leave a comment

US Medical Uninsured Rate and Number Up from 2017

Healthcare of course is one of the key issues in the ongoing UAW GM strike. Continue reading

Posted in economy, insurance, news analysis | Tagged , , , , , | Leave a comment

Q3 Ford Motor US Sales Continue Slump

Ford, as always,  tried  a positive spin claiming it was a transition year of its phasing out of cars – Focus, C-Max, Taurus – with a changeovers ongoing in the all new Explorer and Escape, which are undergoing complex launches that in our view are showing mixed results. The freshened Escape went on sale last week. The new platform Explorer launch is going slowly with hopes that sales will expand in Q4. How Ford ran out of inventory of Explorers is puzzling, However given the history we bet quality issues loomed large. But pay no attention to that man behind the curtain… Continue reading

Posted in news analysis, sales | Tagged , , , | 3 Comments

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

Posted in milestones, mobility company, news analysis | Tagged , , , , , | Leave a comment

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

Posted in financial results, labor issues, manufacturing, news analysis | Tagged , , , , | Leave a comment

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

Posted in economy, labor issues, news analysis | Tagged , , , , | Leave a comment

Nissan CEO Hiroto Saikawa Forced Out Over Ghosn Matter

The move comes following a report from the beleaguered company’s Audit Committee that recognizes several instances of misconduct from the findings of the internal investigation that is only partially available publicly in filtered form. On May 14, 2019, Nissan belatedly issued numerous amendments to its past annual securities reports, correcting director compensation figures to reflect the amounts that should originally have been disclosed. Continue reading

Posted in financial results, fools 'n frauds, milestones, news analysis | Tagged , , , , , | 1 Comment

Western European Car Registrations Fall by -8.5%

“We suspect that last month’s strong sales may have been the result of an increased use of self-registrations by dealers and OEMs, ahead of further changes to WLTP regulations which came into effect on 1 September, and we may therefore see some payback in selling rates in the coming months,” says LMC.    Continue reading

Posted in economy, news analysis, sales | Tagged , , , , , | Leave a comment

Toyota and Suzuki Enter into Capital Alliance Agreement

Ultimately this is about saving money and sharing the proceeds. The companies will acquire each other’s shares based on the Alliance. Continue reading

Posted in mobility company, news analysis | Tagged , , , , | Leave a comment

Ten-Month US Budget Deficit Now at $867 billion. $Trillion Deficits Now Certain Under Current Economic Policies

This, gulp,is $184 billion more than the deficit recorded during the same period last year. Revenues were $92 billion higher, and outlays were $276 billion higher than in the same period in fiscal year 2018. So much for Republican lip service that claimed deficits were bad. Continue reading

Posted in economy, news analysis | Tagged , , , , | Leave a comment