Archive for the ‘Executives’ Category

GM Revamps Responsibilities for Ammann, Reuss

Ammann focusing on autonomous vehicles, Reuss leads products, Cadillac

by on Jun.21, 2018

General Motors President Dan Ammann (right) with Cruise Automation co-founders Kyle Vogt (center) and Daniel Kan (left).

Two of General Motors top executives are getting new responsibilities with GM President Dan Ammann focusing on the company’s development of autonomous vehicles and Executive Vice President Mark Reuss taking on oversight of Cadillac and GM’s product portfolio planning.

Ammann will now be able to focus his efforts on the company’s ever-growing collection of autonomous vehicle subsidiaries, such as GM Cruise, as well as the deployment of these vehicles through a variety of outlets, such as Lyft.

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In the meantime, Reuss will bear down on the company’s global enterprises, product development as well as Cadillac. The luxury brand’s oversight comes a critical time as the company parted ways with Johann de Nysschen and replaced him with long-time GM executive Steve Carlisle. (more…)

Tesla Sues Former Employee Over Alleged Sabotage

Suit claims Martin Tripp stole confidential information, sent false information to media outlets.

by on Jun.21, 2018

Tesla is suing a former employee, claiming he attempted to sabotage the automaker.

Just days after claiming it was sabotaged by a former employee, Tesla has filed suit in a federal court in Nevada alleging that Martin Tripp not only stole confidential information but also leaked false reports about Tesla quality problems to the media.

CEO Elon Musk first signaled there was a problem in an e-mail sent to Tesla employees on Sunday night warning that there had been “extensive and damaging sabotage” committed by an employee who was not initially identified. Musk also suggested that the trouble might have involved outsiders who “want Tesla to die.”

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In the lawsuit, Tesla names Martin Tripp, who appears to have been working at the company’s Gigafactory in Reno, Nevada. The court filing claims that Tripp “has thus far admitted to writing software that hacked Tesla’s manufacturing operating system (‘MOS’) and to transferring several gigabytes of Tesla data to outside entities.” (more…)

Hyundai, Audi Latest Automakers to Partner Up

The pairing is just the latest in a growing line of partnerships.

by on Jun.20, 2018

Hyundai and Audi are partnering up to develop fuel cell technologies.

The automotive industry is increasingly becoming reliant on partnerships, the latest being the tie-up between Hyundai Motor Group and Audi AG.

Like so many other companies before them, the South Korean and German automakers are looking to find a way to get to the promised land of alternative fuel vehicles. In this case, the makers are partnering on the development of fuel cell electric vehicles.

Beyond the Numbers!

Unsurprisingly, whatever patents, technologies and revolutionary breakthroughs resulting from this new coalescence will trickle down, well, more like over to Kia Motors Co. and Volkswagen AG. Kia is Hyundai’s sibling and VW is Audi’s parent companies. These advances can also be shared among other affiliates within either group. (more…)

Ford Plants the Blue Oval in Detroit

Bill Ford says move isn't a gesture, company expects a return on its investment.

by on Jun.19, 2018

Ford CEO Jim Hackett, left, and Bill Ford share a laugh after the announcing the company's plans for the Michigan Central Station in Detroit.

In a ceremony that was equal parts pep rally, political rally and outdoor concert, Ford Motor Co. officially told the world it would be putting its new most precious resource – its mobility campus – in the city of Detroit in a yet-to-be-renovated train station.

The automaker purchased the Michigan Central Station, once the hub of train travel in and out of Detroit, for an undisclosed sum. Bill Ford Jr., founder Henry Ford’s great grandson and current company chairman, also declined to say how much the company would spend renovating the structure.

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Ford also was quick to note that even through the company was in the midst of a cost-cutting effort that was initially set at $14 billion and has since gone up to $25 billion, the acquisition of the building and some of the surrounding ones and property parcels fits within the company’s belt-tightening measures. (more…)

Tesla Claims Employee Tried to Sabotage Plant – But Refuses to Say if Authorities Were Notified

Musk blames employee who didn’t receive promotion, hints others might be involved.

by on Jun.19, 2018

In a letter to employees, Tesla CEO Musk said the Fremont plant was the subject of sabotage.

Tesla CEO Elon Musk advised employees late Sunday that the company had been sabotaged by an employee who sent “highly sensitive” data to unnamed outside parties, but he and Tesla have so far refused to provide details, declining to even say whether police or other authorities, such as the FBI, have been asked to investigate.

Musk’s e-mail to Tesla workers, first reported by CNBC, was sent hours after a small fire at the Tesla assembly plant in Fremont, California briefly shut down due to a fire in its welding area. The incident was deemed minor and work quickly resumed. Tesla has been struggling to boost the factory’s output, primarily of the new Model 3 sedan, and has gone to an around-the-clock production schedule.

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In his note to employees, Musk said an employee committed “quite extensive and damaging sabotage to our operations,” among other things making “direct code changes” in Tesla’s manufacturing system while also sending “large amounts” of “highly sensitive” company data to an address outside the company.

(more…)

Ford Plans for Historic Detroit Rail Station Becoming Clear

Automaker plans to have 2,500 employees on the campus by 2022.

by on Jun.18, 2018

Ford's acquisition of the Michigan Central Station will serve at the catalyst for the company's new mobility-centered campus.

Ford Motor Co. acquired Michigan Central Station last week in Detroit’s Corktown neighborhood for an undisclosed sum and undisclosed plans — until now.

The automaker, which has said it will remain headquartered in nearby Dearborn, Michigan, plans to unveil its long-term plans for the former train station and several surrounding properties it also purchased to the public tomorrow.

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However, a few important details were revealed today, including that it will serve as an innovation hub for Ford’s vision for the future of transportation. (more…)

Cadillac Culling Sedan Line-Up, New Plant Investment Emphasizing Shift to SUVs

ATS, XTS going away as passenger car sales slide.

by on Jun.18, 2018

Cadillac is planning to end production of the slow-selling ATS by 2021.

General Motors will invest $175 million in a Lansing, Michigan assembly plant to support production of two new Cadillac sedans, but in the process, Caddy is expected to dump drop the slow-selling ATS compact coupe and XTS full-size sedan.

Early in the new decade, those two models, as well as the midsize Cadillac CTS, will be replaced by just two all-new sedans, the automaker said. The cutback reflects both the overall U.S. market shift from passenger cars to utility vehicles and, more specifically, the poor sales performance of those three Caddy models.

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It is not clear when the three current sedans will be dropped, but Cadillac isn’t expected to have the two replacement models ready to roll out of GM’s Lansing Grand River Assembly Plant until late in 2021, according to a spokesman. They will likely debut as 2022 models. (more…)

Audi CEO Stadler Arrested as Germany Expands Diesel Emissions Probe

As many as 20 current, former Audi employees now under investigation.

by on Jun.18, 2018

German prosecutors have arrested Audi CEO Rupert Stadler, though no charges have yet been filed.

Audi CEO Rupert Stadler has been “provisionally” arrested, the luxury arm of Volkswagen AG confirmed Monday morning, as the German government probe into emissions rigging by VW and the Audi subsidiary continues to expand.

Nearly a dozen executives and managers from the vast Volkswagen Group empire have been indicted since the automaker was first charged in September 2015 with rigging various diesel engines to illegally pass emissions tests. Several have already been convicted in the U.S., though others have fled to Germany where they cannot be extradited. But as many as 20 others are now under suspicion as Germany moves forward with its own investigation, according to the Associated Press.

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“Audi CEO Rupert Stadler was provisionally arrested this morning,” VW’s largest luxury brand said in a statement Monday morning. It added that “the presumption of innocence remains in place for Mr. Stadler.”

(more…)

Diesel Scandal Continues to Grow With New Daimler Recall

Company order to recall 238K vehicles in Germany.

by on Jun.14, 2018

Daimler AG's Dieter Zetsche attempted to assuage concerns of investors about diesel engines during the company's annual meeting.

The diesel cheating scandal is almost three years old, but it just seems to keep getting bigger.

Daimler AG has been hit by the German government with an order to recall 238,000 vehicles in Germany after they were identified has being equipped with illegal software that hide diesel emissions.

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In all, there are a total of 774,000 diesel vehicles across Europe, containing the so-called “defeat devices” software and Daimler indicated it would recall all of them Daimler said it would refit the software but denied any wrongdoing. (more…)

GM Names Suryadevara to Replace Stevens as CFO

Company now one of a few with women in CEO, CFO roles.

by on Jun.14, 2018

Dhivya Suryadevara becomes General Motors chief financial officer on Sept. 1.

General Motors Co. tapped 39-year-old Dhivya Suryadevara to take over one of the company’s senior executive positions, making the company part a select group with women in the role of CEO and CFO.

GM appointed Suryadevara as Chief Financial Officer, effective Sept. 1, 2018. She will report to Mary Barra, GM chairman and CEO, the company said.

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Suryadevara replaces Chuck Stevens as GM executive vice president and CFO, who has elected to retire after more than 40 years with the company, effective March 1, 2019. will remain with the company as an adviser until his retirement. (more…)

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