Archive for the ‘Executives’ Category

Honda Recalls 106K Ridgeline Trucks

Faulty fuel lines may crack and cause a fire.

by on Feb.20, 2019

Honda recalled more than 106,000 Ridgelines due to a fuel pump problem.

Owners of dirty Honda Ridgelines are being told to not wash their trucks as part of a recall of more than 100,000 2017-2019 model year trucks.

The National Highway Traffic Safety Administration issued a recall for 106,683 of the vehicles because they could catch fire after being washed. The acid from car wash soaps could cause the line in the fuel pump to crack.

Recall News!

If fuel leaks from the line, that significantly increases the odds the truck will catch fire. The problem was uncovered in January, but the recall won’t begin until March 7. (more…)

Tesla Readying to Lease Model 3s to Employees

EV Maker's general counsel departs.

by on Feb.20, 2019

Tesla is readying to offer leases on its new Model 3 to employees to help boost demand for the sedan.

Tesla Inc. is readying for the next step in the evolution of its Model 3: leasing.

According to Electrek, the Palo Alto, California-based EV maker is looking to boost demand for the new mainstream sedan by offering employees a leasing program for the vehicle. Initial reports suggested the program would be in place in as little as two weeks.

Electrifying News!

The leasing availability was outlined in an email to employees. However, the company denied it will be ready that quickly, although did confirm it was coming. (more…)

Ghosn’s Lawyer Blasts Japanese Prosecutors, Nissan

“This should have been dealt with as an internal matter,” says lawyer known as “The Razor.”

by on Feb.20, 2019

Former Nissan Renault CEO Carlos Ghosn's new lawyer is ready to shake up his defense efforts.

Ousted Nissan Chairman Carlos Ghosn’s new lawyer hasn’t wasted any time going on the offensive, calling out not only the automaker that has accused the former exec of financial misdeeds, but also the prosecutors who have refused to release Ghosn on bail after three months in detention.

The 64-year-old Ghosn was arrested on Nov. 19, shortly after his corporate jet landed at Tokyo’s Haneda Airport. He has been charged with several crimes, including the concealment of about $88 million in income. The allegations arose out of an internal investigation Nissan said was triggered by a whistleblower.

News Now!

“This should been dealt with as an internal matter,” Junichiro Hironaka said at a Wednesday media briefing in Tokyo. Hironaka is known as “the Razor” for his ability to help high-profile clients win acquittal in a country where prosecutors routinely win convictions in over 90% of their cases. (more…)

And Another One Bites the Dust: Farewell Mercedes SLC

Little roadster’s “Final Edition” rolls out – but so does a Grand Edition of bigger SL two-seater.

by on Feb.20, 2019

Mercedes-Benz is putting an end to its small roadster, but it'll go out with a bang with a "Final Edition" package.

The ongoing assault of the SUV is claiming yet another victim. In recent months, we’ve seen mainstream automakers steadily pare back their sedan, coupe and sports car lines and now, it seems, even luxury manufacturers are feeling the impact of the most dramatic industry shift in decades.

Mercedes-Benz is the latest throwing in the towel, getting ready to banish the once-popular SLC roadster originally known as the SLK. The good news for fans is that there’ll be an appropriately named Final Edition rolling into showrooms before the SLC drives off into the sunset.

Product News!

The German automaker isn’t abandoning the sports car market entirely. It’s been rolling out more versions of the Mercedes-AMG GT in recent months and, for roadster aficionados, there’s a new Grand Edition that adds even more high-line touches to the familiar SL line. (more…)

Ford Cutting Operations in Brazil, Closes Oldest Plant

Automaker not waiting on tie-up with VW to improve business.

by on Feb.19, 2019

São Bernardo do Campo is Ford's oldest plant in Brazil. It makes the Fiesta and will be closed later this year.

When Ford Motor Co. and Volkswagen AG announced they were talking about potential partnerships in the near future, one area many believed they would discuss was their businesses in South America.

The South American market has been tough sledding for much of the last decade and the two sides had linked up before with AutoLatina, which ceased operations in 1995.

Global News!

However, Ford isn’t waiting on a tie-up with VW to make moves down there, saying today it plans to close its oldest plant in Brazil resulting in 2,700 layoffs as it exits the commercial truck business in South America. (more…)

General Motors Investing $56M in Two Michigan Plants

Moves come after salaried personnel layoffs.

by on Feb.19, 2019

GM CEO Mary Barra meets with a Romulus plant employee during an announcement of a $20 million investment there.

General Motors Chairman and CEO Mary Barra must be feeling a little Oprah Winfrey these days; however, she’s handing out millions of dollars to GM plants instead of new cars.

Just a day after the company announced plans to invest $36 million in Lansing, Michigan plant, the GM today announced it will invest $20 million in its engine plant in Romulus, Michigan, a suburb just south of the company’s Detroit headquarters.

News Now!

The cash infusion will purchase new equipment to increase the plant’s capacity for future 10-speed transmission production. Romulus currently builds V6 engines and 10-speed transmissions used in several GM cars, trucks and crossovers, the company said. (more…)

Honda Shutting Down Lone UK Auto Plant

Maker says Brexit not the reason, but move highlights problems.

by on Feb.19, 2019

Honda announced plans to close its manufacturing plant in Swindon. It means the loss of 3,500 jobs.

Honda will close its only auto plant in Great Britain in 2021 becoming the latest automaker to say it was leaving and turning what was once a trickle into a torrent of closures due to Brexit. The facility makes the Civic.

The Swindon plant closure means the loss of 3,500 jobs and a tenth of all vehicles produced in Britain. However, despite early reports, Honda officials claim Brexit had little to do with the move. Honda officials said the company was focusing manufacturing in the areas where it has the largest sales, and Europe isn’t one of those.

Business News!

“We had to consider the rise of electrified vehicles, and the different speeds at which electric vehicles will be taken up in North America and Europe,” said Honda Chief Executive Takahiro Hachigo. “This decision was not informed by Brexit.”  (more…)

UAW Local 961 Sues to Stop Transfer of FCA Plant to Supplier

Local believes bribery scandal may have influence transfer decision.

by on Feb.19, 2019

Members of UAW Local 961 filed suit to prevent the transfer of FCA's axle plant in Marysville, Michigan, to supplier ZF.

Members of United Auto Workers Union Local 961 in suburban Detroit have sued both the UAW International and Fiat Chrysler Automobiles to prevent the automaker from transferring an axle plant in Marysville, Michigan, to the giant German automotive supplier ZF.

The lawsuit asks a federal judge to halt the transition of the plant, which makes axles for the Jeep Grand Cherokee and Ram pickup, and give the Local the opportunity to determine if any of the corruption cases in which both UAW and FCA officials have plead guilty to violations of federal labor law might have tainted the transaction.

News Now!

So far, five UAW officials and three FCA employees, including former FCA vice president of labor relations Alphons Iacobelli, have plead guilty in the federal investigation that originally began nearly several months before the original indictment was made public in 2017. (more…)

Commerce Dept. Report Could Trigger Tariffs on Auto Imports

Auto industry worries, waits – and raises strong opposition.

by on Feb.18, 2019

Commerce Secretary Wilbur Ross submitted the department's report determining if automotive imports could be declared a threat to national security.

Just hours before the deadline, the U.S. Commerce Dept. delivered a long-awaited report to the White House that could lead President Donald Trump to enact stiff new tariffs on imported autos and auto parts.

The administration has not revealed what the report recommends, but Commerce was widely expected to support the president’s position that auto imports posed a threat to national security, a view that Trump has suggested could lead to the imposition of tariffs of as much as 25%.

Business News!

Criticism was swift and broad, the Motor and Equipment Manufacturers Association noting, ““Not a single company in the domestic auto industry requested this investigation.” Like other critics, the group has warned that new tariffs could backfire and not only result in the imposition of tariffs on U.S. auto exports but also slam consumers with substantially higher prices, even on vehicles assembled in the U.S. (more…)

Renault-Nissan-Mitsubishi Alliance Partnering With Google

Move marks beginning of post-Ghosn era.

by on Feb.18, 2019

The Renault-Nissan-Mitsubishi Alliance is making plans with Waymo to find ways to exploit the ever-changing mobility world.

The Renault-Nissan-Mitsubishi Alliance, which is preparing to hang together in the post-Ghosn era, plans to join Google’s camp for developing autonomous taxis and other services using self-driving vehicles.

The automakers intend to work with Waymo, a Google spinoff that is among the leaders in technology for self-driving cars. The companies are in the final phase of talks, and plan to announce the arrangement as early as spring, according to a Japanese news service.

Global News!

The partnership would unite a car alliance whose global sales totaled 10.8 million automobiles in 2018 with a developer whose self-driving vehicles have traveled more than 10 million miles on U.S. public roads as of October. Waymo has forged similar deals with Fiat Chrysler Automobiles and Jaguar Land Rover, but the Nissan-Renault-Mitsubishi alliance boasts greater scale. (more…)

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