Select Page
VEBA Stock Sale May Cost UAW Seat on GM’s Board

VEBA Stock Sale May Cost UAW Seat on GM’s Board

General Motors Co. announced the United Auto Workers Retiree Medical Benefits Trust, aka the VEBA Trust, intends sell 40 million shares, or about 29% of the trust, of GM common stock in an underwritten secondary offering. The VEBA will receive all of the proceeds from...
First Drive: 2018 Volvo XC40

First Drive: 2018 Volvo XC40

Utility vehicles such as the XC90 and XC60 have led Volvo’s revival around the world. Now Volvo is adding a new smallish – if you can call a vehicle that weighs two tons small – utility vehicle to its engaging product portfolio. The XC40 is what the carmakers...
Porsche Exec Walks Back “No More Diesel” Declaration

Porsche Exec Walks Back “No More Diesel” Declaration

Not so fast. Not words usually applied to Porsche, but in the case of the company’s recent proclamation that it was getting out of the diesel business, the phrase fits as one of Porsche’s senior executives walked back the idea. Apparently, the company plans to launch...
Jeep’s Cult-Like Following Officially Rewarded

Jeep’s Cult-Like Following Officially Rewarded

Jeep has long had some of the most devoted fans in the auto business and their loyalty and attachment to the brand have earned the brand a designation that places it in unique company. It has been recognized as a 2017 “Cult Brand” Honoree at the annual...
Geely Chairman Shufu Shaking Up Auto Industry

Geely Chairman Shufu Shaking Up Auto Industry

Daimler AG and its principal Chinese partner, BAIC, plan to invest almost $2 billion in a state-of-the-art factory in China, even as Li Shufu, the ambitious entrepreneur, who has made Geely into an automotive power begins to digest his purchase of a 9.7% stake in the...