Category Archives: people

Renault Board Investigation Backs Ghosn. Governance Measures Stay in Place. Compensation Controversy Ongoing.

Their preliminary conclusion is that the compensation of Carlos Ghosn, Chairman and Chief Executive Officer of Renault and the conditions under which such compensation was approved followed applicable law as well as the recommendations of the *AFEP-MEDEF. The Board of Directors decided to maintain the current governance measures established on November 20, 2018. Continue reading

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Ghosn, Kelly and Nissan Motor Corp. Indicted for Violating The Japan Financial Instruments and Exchange Act

Thus – as predicted – this case, besides from revealing the rift between Nissan and its European partner Renault that saved it from bankruptcy, has cast a cold beam of light on Japanese corporate governance – or is that non-governance? – practices. Continue reading

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TV Remains News Source for Almost Half of Americans

Overall, 47% of Americans prefer watching the news rather than reading or listening to it. That is unchanged from 46% in 2016 and outpaces the 34% who prefer to read the news and 19% who prefer to listen to it – both of which also remain on par with 2016 figures. Continue reading

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Restructuring Storm Building as Ford Announces Senior Retirements in Treasury, Product Development, Manufacturing

A couple of the exits are noteworthy for signaling that major disruptive actions are about to occur. For example – was Kent responsible for the addled brained idea that Ford would cut its dividend that Ford Family members depend on? Nevertheless, the pressure remains for Ford to cut costs and start once again, yet again on a restructuring plan. to increase shareholder value. Continue reading

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Chevrolet to Power Fernando Alonso’s 2019 Indy 500 McLaren

Chevrolet and McLaren have a racing history dating back to the mid-1960s. In 1966, Chevrolet and McLaren partnered in the Can-Am Series – one that makes the current Indy spec cars and their limited aero packages laughable given what was then an all-out racing series. Their teams won more than 70% of the races during the next seven years, including 23 in a row from 1968-1970. Continue reading

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IndustriALL – Shell workers in Nigeria are just working to die

Contract workers outnumber permanent workers 2:1 at Shell and do the most dangerous jobs. Workers also said that if they asked for better wages or wanted to join a union, they would be threatened with dismissal. Continue reading

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Cruise and GM Closer to Sale of Self Driving Vehicles

“These appointments further demonstrate our commitment to transforming mobility through the safe deployment of self-driving technology and move us closer to our vision for a future with zero crashes, zero emissions and zero congestion,” said GM Chairman and CEO Mary Barra. Continue reading

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GM Canada to Train, Help Find Jobs for Fired Workers

GM Canada will also join with Durham Region educators and governments to train and transition Oshawa Assembly employees to new careers in Durham Region. “These efforts will help address the significant open requirements for talented workers from other regional employers,” GM said. Continue reading

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Unifor Blasts GM Canada Closings

AutoInformed notes that since its announcement this week, GM now says that the “unallocated” plants in the U.S. will not be closed but rather “idled,” subject to negotiations with the UAW next fall. Unifor says that is a first step in Canada as well. Continue reading

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Female Drivers Only W Series Racing Qualifier List Released

“We are thrilled, but perhaps not surprised by the response,” said Catherine Bond Muir, CEO of W Series. “Even today there is a massive gender imbalance in motorsport and W Series is making the first step to correct that. Drivers from all over the world have stepped forward, so it’s clear that with the right framework we can make the changes this sport desperately needs.” Continue reading

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General Motors Kisses Trump’s Butt

This was after its actions yesterday revealed the weakness if not downright falsity of President Trump’s claim to be creating jobs… “We appreciate the actions this administration has taken on behalf of industry to improve the overall competitiveness of U.S. manufacturing.” Continue reading

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Porsche Consulting Now in Silicon Valley

“Contact with colleagues from our own corporate group is just as valuable as with Silicon Valley’s many other expert and courageous individuals who are working with enormous energy and matchless spirit to shape the world of the future,” said Eberhard Weiblen, Chairman of the Executive Board of Porsche Consulting GmbH. Continue reading

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Aston Martin Cuts Deal with Yas Marina Circuit in Abu Dhabi

Aston Martin’s 105-year history is steeped in competitive motorsport and this latest partnership with the most expensive – 1$ billion – F1 circuit in the world, “reinforces that commitment.” Aston Martin currently competes at the top-level of motorsport with Aston Martin Red Bull racing in Formula One and Aston Martin Racing in the World Endurance Championship (FIA WEC). Continue reading

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WLTP How Does It Work? Will it Work?

After the scope of the Dieselgate scandal was revealed by American University and regulatory agency tests, an embarrassed European Union has developed a new test, called the Worldwide Harmonized Light Vehicle Test Procedure (WLTP). Continue reading

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European Market Sinks. One-Third of Model Versions Not legal

Alternative-fueled vehicles continued to gain traction with their market share increasing by 2 percentage points to 7.5%, while demand for pure electric cars grew immensely, with volume up by 70%. Continue reading

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