Archive for the ‘Personalities’ Category

FCA Adds Two New Executives to Company’s Top Ranks

Stewart, Golightly come from outside auto industry.

by on Dec.07, 2018

FCA CEO Mike Manley added two new executives from outside the automotive industry.

Many thought that CEO Mike Manley would be Sergio Marchionne’s successor, and his first big decisions have largely followed Marchionne’s most recent five-year plan. However, today is a new day and Manley is proving to be an executive willing to make his own decisions.

After nearly a decade of developing and renewing its leadership team internally, Fiat Chrysler Automobiles hired a pair of executives from outside the automotive industry to man key leadership posts.

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Manley named former Amazon Vice President Mark Stewart Fiat Chrysler’s North American COO, a job held at the beginning of this year by CEO Sergio Marchionne before his death in July and then by Manley. (more…)

Nissan GT-R50 by Italdesign Going Into Production and it Won’t Be Cheap

You have to pay for all that gold.

by on Dec.07, 2018

Nissan is celebrating 50 years of the GT-R with a special edition model: the GT-R50.

Nissan has traditionally billed the GT-R as an “affordable supercar,” the price tag for a 2019 model starting at $99,990. But if you’re interested in the special edition 50th anniversary model that the Japanese automaker has now confirmed for production, beware that you’ll have to add another zero at the end of that sticker price.

First revealed last June in concept form, the Nissan GT-R50 by Italdesign will move right up there with some of the more expensive supercars on the market at a price tag starting 990,000 euros, the automaker says – a figure that, at current exchange rates works out to a cool $1,129,498.92.

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“The car’s exterior is virtually unchanged from the prototype first shown in July at the Goodwood Festival of Speed in England,” notes a company release detailing its collaboration with Turin, Italy-based Italdesign. (more…)

Trump Administration Still Fighting to Roll Back Fuel Economy Rules

Critics say mistakes made in calculations nullify Trump-propsed gains.

by on Dec.07, 2018

The Trump administration is proposing revoking California's ability to make it's own emissions and fuel economy rules.

While the industry is focused now on issues such as trade, manufacturing capacity and employment, the fight over fuel economy and emissions hasn’t gone away and could roar back to life any time.

The Trump administration proposed rolling back the fuel-economy rules imposed in the waning days of Obama administration. It also has proposed eliminating California’s hold on the auto industry.

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California, powered by an overwhelming political victory by Democrats opposed to Trump in last month’s midterm elections and bolstered by new reports both from the Trump administration’s Environment Protection Agency and the United Nations Independent Panel on Climate Change, have vowed a long and expensive court fight to protect the Obama standards and its authority. (more…)

Ousted Nissan Chairman Ghosn Expected to Be Indicted Monday

Japanese reports anticipate charges for financial misconduct.

by on Dec.07, 2018

Former Nissan Chairman Carlos Ghosn is expected to be indicted next week by Japanese prosecutors.

After languishing in the Tokyo Detention Centre for nearly three weeks, facing regular grilling by Japanese prosecutors, ousted Nissan Chairman Carlos Ghosn is expected to be formally indicted on Monday, the Nikkei business daily is reporting.

Ghosn and Nissan board member Greg Kelly were arrested nearly three weeks ago as they flew into Japan, authorities responding to a report by the second-largest Japanese automaker that alleged the pair engaged in financial misconduct. Ghosn, in particular, allegedly failed to report millions of dollars in income while also misappropriating Nissan funds, among other things, to purchase homes in Rio de Janeiro and Beirut. He is Lebanese by heritage but grew up in Brazil.

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The Nov. 19 arrests, which marked the downfall of one of the industry’s most powerful executives, have stunned the automotive community. They have also generated a number of questions about why Ghosn was taken into custody and put in the position of possibly serving a decade in prison, rather than simply facing civil penalties. Some observers have suggested he may be an unwitting pawn in a battle for control between Nissan and the French automaker Renault which rescued the then-failing Japanese automaker in 1999. (more…)

Barra Completes Two-Day Tour, Sticks to GM’s Guns About Closings

Senators push CEO to change her mind — with no luck.

by on Dec.07, 2018

General Motors CEO Mary Barra said no changes would be made to the closures of five U.S. plants.

General Motors Chairman and CEO Mary Barra completed two days of tense discussions with politicians in areas affected by the company’s recently announced plans to close five plants and displace thousands of workers.

Barra’s message was that these decisions were not made lightly and that the company would find jobs for many of the displaced workers, but ultimately they were made due to shifts in the buying habits of Americans.

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“We had really productive discussions, and I think they have a better understanding of what we’re doing and why, and how we’re making sure that we’re supporting the displaced workers, especially at the plants that are impacted, ” she said after meeting with Michigan politicians, the Detroit News reported.  (more…)

FCA Set to Open New SUV Plant in Detroit

Move would come as GM prepares to idle three plants.

by on Dec.06, 2018

The converted engine plant will produce a three-row version of the Jeep Grand Cherokee.

Fiat Chrysler Automobiles plans to open a new assembly plant in Detroit to expand its capacity to produce hot-selling sport-utility vehicles, according to several reports.

The automaker has yet to confirm that it will completely retool an old engine plant on Detroit’s east side, but company officials have, in recent months, indicated that they are strained to the limits of capacity at their existing light truck plants.

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The news comes at an awkward time for FCA’s largest domestic rival, General Motors. GM’s CEO Mary Barra on Thursday spent a second day in Washington trying to minimize criticism of the automaker’s plan to close three assembly plants building slow-selling passenger car models like the Chevrolet Cruze. That would leave what has long been known as the Motor City with only one working assembly plant within its borders, at least unless and until the new FCA truck plant were to come online.

(more…)

Supra Not Only Surprise from Toyota at NAIAS: New Lexus RC F

Toyota, Lexus showing off a need for speed.

by on Dec.06, 2018

Toyota EVP Bob Carter said Lexus will debut a new RC F "track car" next month at the Detroit Auto Show.

Lexus plans to show off one of the most powerful cars it has ever built during the North American International Auto Show in Detroit next month.

Bob Carter, executive vice president of sales for Toyota Motor North America, said in addition the Toyota Supra, the long-awaited heir to original Supra, Lexus will show the Lexus RC F, which he described as a limited edition “track car” that has been developed expressly for enthusiasts.

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“Aside from the LFA, this is the fastest, most powerful vehicle we’ve ever built,” Carter said. (more…)

Tesla Hustling to Build New Plant in China

New site will build only Model 3s at launch.

by on Dec.06, 2018

Tesla Inc. has reached an agreement with the Chinese government to build an assembly plant in China.

Tesla’s $2 billion Gigafactory in Shanghai, China, may begin construction sooner than observers expected as the EV maker is accepting bids from companies to build the plant that will theoretically build all of the batteries for the maker in China.

The company is accepting bids from construction companies wanting to build the plant, and in fact, much of the prep work is complete, according to Reuters. The new plant will be noteworthy for two reasons: it’s going to accelerate Tesla’s ability to sell vehicles in the country.

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Perhaps more importantly, it will be the first wholly foreign-owned facility in China — a concession the government made to get more electric vehicles into the country. (more…)

Toyota’s U.S. Chief Says More Tariffs Will Hurt Auto Sales

Lentz has reservations about NAFTA replacement as well.

by on Dec.06, 2018

Toyota's Jim Lentz expressed concern about the imposition of new tariffs and the impact they'll have on the auto industry.

The imposition of a new round of tariffs by the Trump administration could raises the price of new cars and trucks and cripple the U.S. auto industry, Toyota’s top executive in the United States said this week.

Jim Lentz, chief executive officer of Toyota North America, said during an appearance at the Detroit Economic Club, like at Ford and General Motors, Toyota operating costs for steel and aluminum have increased by because of the increase in tariffs on steel and aluminum.

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“We use American-made steel, but the cost has gone up 40%,” Lentz said. (more…)

GM CEO’s “Open Mind” May Not Save Any of Five Plants Slated to Close

“We do have an overcapacity problem,” says Barra, after Capitol Hill meetings.

by on Dec.06, 2018

GM CEO Mary Barra has been meeting with members of Congress, explaining why five plants are being closed.

General Motors Chairman and CEO Mary Barra told members of Congress she will keep an “open mind” when it comes to plans to close five plants next year, including assembly plants in Michigan, Ohio and Ontario, Canada.

The closures were announced late last month, along with plans to trim about 15% of the automaker’s white-collar workforce, as it addresses a variety of problems, including the ongoing shift from passenger cars to light trucks. But Barra also stressed that the automaker faces “limitations” on what it can do because “we do have an overcapacity (issue) across the country.”

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The one-time “shop rat,” who began working at GM as a co-op student said she told Congressional representatives from Ohio and Maryland on Wednesday that “These were difficult decisions – decisions I take very personally,” while adding in a statement that GM wants to “minimize the impact on the (affected) communities” by, among other things, offering workers a chance to switch to other GM plants, where possible or by offering outplacement services. (more…)

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