Category Archives: people

Brexit Bloody Hell! Now Stock Exchange Issues

Well, it seems that there are risks posed by jurisdictional share trading obligations, which “could increase market fragmentation and impose unnecessary costs on investors,” the SEC said in a whistling past the graveyard observation. Hell, it’s not even clear that the UK can continue to be a key market for funds and fund managers in the United States. Continue reading

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BMW Group Design: Kaban at Rolls-Royce, Dukec at BMW

 “The realignment of BMW Group Design is a signal of our future orientation. The new structure will ensure more efficiency, speed and agility in our design process,” said Adrian van Hooydonk, head of BMW Group Design, on Friday in Munich. It will be years before shareholders can see the results. Continue reading

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Hungarian Hankook Tire Strike Settled

During the first week of the strike at the Dunaújváros plant, local management refused to talk with the union, strongly harassed and intimidated strikers, and offered 50% wage increases to work during the strike. Continue reading

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Ford Shakes up European and International Markets as CFO Shanks Retires. Restructuring Continues as Stock Languishes

The more significant news, perhaps, is happening at Ford’s European money pit and its struggling International Markets Group. Peter Fleet, president of IMG, has announced his intention to retire. Fleet, 51, held leading in Ford marketing, sales and service, and business operations globally for nearly 30 years. Prior to the establishment of the International Markets Group, Fleet served as president of Asia Pacific, leading all of Ford’s operations and partnerships across the region. Previously, he was president of Ford ASEAN and vice president, Sales, Ford of Europe. Continue reading

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About Face: GM to Add 400 Jobs for New Chevy Electric Vehicle after Critical Trump Tweets About Closing Lordstown

The announcements came less than a week after a rabid series of tweets by Trump about the closing of Lordstown, OH, which was one of the four plants GM said in November that would be idled in its latest cost cutting moves. GM declined to say if these were replacement jobs from abandoned workers’ or new jobs. The United Auto Workers union is in court against GM saying that they must be negotiated with the union. Continue reading

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Ghosn Fallout – Nissan Changes American Senior Management

Japanese prosecutors have accused him of hiding his compensation and shifting personal investment losses to Nissan’s books. Ghosn denying the charges claims Nissan executives who opposed closer ties to Renault went to Japanese authorities with false charges. Adding to the intrigue, Ghosn remains on the Board of Directors at al three companies. Continue reading

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1,700 workers strike at Hankook Tire in Hungary

IndustriALL Global Union affiliate, the Federation of Chemical Workers of Hungary (VDSZ), which represents workers at Hankook’s Dunaújváros plant in central Hungary, says that 70% of 2,400 shift workers have joined the indefinite strike that began on 12 March.   Continue reading

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BMW And Tate Modern Unveil Major New Work by Anne Imhof

The commission is both an exhibition by day and a series of six live performances by night. “Sex”, the work deals with fluidity between binaries – female and male, top and bottom, night and day – and the blurred line where two opposing zones meet. Continue reading

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People Choose Low Loan Repayments and High Interest Rates

Borrowers appear to set targets for their monthly payment on rounded amounts like $200, $300, and $400, rather than choosing the most cost-efficient payments. When borrowers are offered cheaper loan terms, they are more likely to take out larger loans rather than pocket the savings. Continue reading

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Sebring Twelve Hours – Half the Daytona Race, 25% of the Rain

The No. 911 Porsche GT Team 911 RSR of Nick Tandy, Patrick Pilet and Frederic Makowiecki won at Sebring for the second straight year by just 1.951 seconds over the hard-luck No. 66 Ford Chip Ganassi Racing Ford GT of Joey Hand, Dirk Mueller and Sebastien Bourdais in GTLM. Continue reading

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CAR: Automated Driving Technologies Can Contribute to Healthcare Industry? Great…

The healthcare industry, in CAR’s view is one of the industries that could benefit. “The human factor in the automated vehicle system—either as a driver in the very early stages of the technology or as passengers in the fully automated vehicles—creates a critical opportunity for the healthcare industry to become active in the discussions around CAVs,” claims Zahra Bahrani Fard, Transportation Systems Analyst at CAR. Continue reading

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Damning SEC Charges on Volkswagen ‘Clean Diesel’ Fraud

2. Winterkorn and other VW executives were made aware of the defeat device as early as November 2007, during a meeting with VW engineers, to discuss the emissions problems with VW’s “clean diesel” vehicles. Continue reading

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SEC Charges Volkswagen, Ex CEO Winterkorn of Defrauding Bond Investors During “Clean Diesel” Emissions Scam!

It’s a wide-ranging indictment that could lead to complicated litigation, ruinous fines and settlements,  while prompting similar charges and litigation from other countries. As such it’s the latest nail in the diesel coffin. Volkswagen did not immediately respond to AutoInformed. Continue reading

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Real News: SEC Charges Lumber Liquidators with Fraud

Lumber Liquidators agreed to pay more than $6 million to settle the SEC action. The SEC’s order finds that in early 2015, Lumber Liquidators, a discount retailer of hardwood flooring, made public statements in response to a “60 Minutes” news program episode that showed undercover video of Lumber Liquidators’ suppliers stating that they provided the company with products that did not comply with regulatory requirements.  Continue reading

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Online Retailer AutoAnything Pays $1 Million Fine for Selling Illegal, Polluting Aftermarket Parts in California

“Although the former AutoAnything, Inc. was a retailer, everyone in the chain of commerce – that is manufacturers, distributors, dealers, installers, and retailers – has an important responsibility to ensure that all aftermarket products they offer for sale have first been exempted by CARB,” said CARB Enforcement Chief Todd Sax. “This settlement is a reminder of the serious consequences for ignoring this responsibility.” Continue reading

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