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Posts Tagged ‘joseph szczesny’

Volkswagen’s Union Balks at Potential Cuts

Tensions between maker, union remain high.

by on Feb.14, 2017

VW boss Herbert Diess is clashing with the automaker's unions over its turnaround plan.

Volkswagen AG is facing new challenges as discussions with its employees union in Germany have been put on hold after company and union negotiators failed to reach agreement on the implementation of the company’s proposed turnaround plan.

The talks are tentatively scheduled to resume later this month but the failure to reach agreement with the unions at its major plants in Germany could have dire consequences for the company as its struggles to overcome the huge and still rising financial burden created by the two-year-old diesel emission scandal.

Global Auto News!

German unions generally try to avoid confrontations but the unions at VW have been frustrated with the company’s management ever since the scandal first came into public view in the autumn of 2015. Union leaders from IG Metal the principal German metalworkers union have said the responsibility for the diesel scandal clearly lies with the company’s management. (more…)

Daimler Invests Millions in Financing App

Automakers looking for more ways to make buying experience quicker, easier.

by on Feb.14, 2017

Daimler AG is investing millions into AutoGravity, an auto financing and leasing app for smartphones.

Daimler AG announced it plans invest several million euros into California-based AutoGravity, a smartphone-based vehicle leasing and financing app.

The investment by Daimler is described as part of company’s effort push to build a digital platform for financial services that will appeal to younger consumers who bank and pay bills, using smart phones.

Tech News!

AutoGravity is not quite two years old, but its already been deployed in more than 40 states with a phone app that allow buyers to find tailored buying and leasing offers.  (more…)

Former FAW CEO Gets Jail Time for Bribery

Former auto chief accepted nearly $2 million in bribes.

by on Feb.13, 2017

Former FAW Group Chairman Xu Jianyi was sentenced to more than a decade for accepting nearly $2 million in bribes.

Former FAW Group Chairman Xu Jianyi was sentenced to more than a decade in prison following a bribery conviction, according to China Daily, the official newspaper of China’s ruling Communist Party.

The Beijing No.1 Intermediate People’s Court also ordered Xu Jianyi to forfeit personal property and to turn over his “illicit gains,” the paper said.

Global News!

The court found that from 2000 to 2013, Xu took advantage of his various posts to help others with business contracts, promotions, and directly or indirectly accepted assets worth $1.77 million. (more…)

Kuwait Investment Authority Claims Seat on Daimler Board

Kuwaiti investment council is Daimler's oldest shareholder.

by on Feb.13, 2017

Daimler AG is adding a new member to its board from the Kuwait Investment Authority.

The head of the Kuwait Investment Authority is in line to take a seat on the Daimler AG Supervisory Board for the first time.

The Kuwaitis have owned a major stake in Daimler for decades but this is the first time they have claimed a seat on the company’s board.

Global Auto News!

For the annual shareholders’ meeting to be held in Berlin on March 29, 2017, the supervisory board is nominating Bader Mohammad Al Saad, 59. Al Saad is currently managing director of the Kuwait Investment Authority.  (more…)

Bernhard Resigns from Daimler Post

Former rising star leaves without explanation.

by on Feb.10, 2017

Daimler's Wolfgang Bernhard discusses the $475 million the company invested in its Detroit Diesel plant on the outskirts of the city. Bernhard resigned today.

Wolfgang Bernhard, once one of the auto industry’s rising stars, has resigned from his job as head of the Mercedes-Benz Vans and Daimler Truck & Buses.

Bernhard left the company at his own request and for personal reasons, Daimler AG said in a statement. Bernhard’s contract expires next year in February, but his resignation is effective immediately, the Daimler statement said.

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“We regret this resolution, but we have a number of outstanding managers to succeed. We thank Wolfgang Bernhard for his committed work and respect his personal decision,” stated Manfred Bischoff, chairman of Daimler’s Supervisory Committee. (more…)

UAW Gearing Up for Organizing Battle With Tesla

Elon Musk claims pro-union voice is actually UAW employee.

by on Feb.10, 2017

At least one Tesla employee believes the automaker's workers need UAW representation.

Tesla and the United Auto Workers union are scuffling over whether workers at the Tesla assembly plant in Fremont, California, need representation.

The UAW has been eyeing the Tesla plant for several months and apparently has managed to gain a foothold where at least one Tesla employee has stepped forward to identify himself as a union supporter.

Electrifying News!

Jose Moran, the pro-union employee, also has drawn the wrath of Tesla CEO Elon Musk, who labeled him an employee of the United Auto Workers. (more…)

GM, Ford January Sales Slump in China

Celebrations closed businesses all over the country.

by on Feb.10, 2017

Ford sales dropped 32% year-over-year in January due to the Chinese New Year celebrations.

The timing of the Chinese New Year and a tax hike took a heavy toll on new vehicle sales in China during January.

Both General Motors and Ford Motor Co., which finished 2016 with a jump in sales, saw their sales decline as the New Year celebration shut down businesses of all kinds across China.

Drive On!

General Motors and its joint ventures sales declined 24% due to the earlier Spring Festival holiday and reduction in the vehicle purchase tax incentive, GM said in a statement. (more…)

GM’s Amman Says Maven is Moving Along

GM President tells Econ Club that car business is strong.

by on Feb.09, 2017

General Motors President Dan Ammann keynotes the Economic Club of Chicago's meeting during the recent Chicago Auto Show.

Maven the internal start-up company that General Motors created last year to help it navigate the changes that are re-shaping the automobile industry is already showing substantial promise in its first year of operation, GM President Dan Ammann told the Economic Club of Chicago.

Ammann noted that Chicago was one of the first cities where Maven, GM’s new personal mobility brand, was launched and it has already connected to hundreds of customers in the Chicago, which is one of GM’s key market in the U.S.

Auto Show News!

Each month Maven is growing by double-digits in Chicago, where it has more than 1,400 subscribers for its car-sharing fleet. In addition, Maven has lined up 1,700 Lyft drivers for its Express service, which allows Lyft drivers to lease a new vehicle from GM to use as they pick up and drop off customers using its ride-sharing business. (more…)

IAC Group Building New Plant in Poland

Ross hasn't divested IAC holdings yet.

by on Feb.09, 2017

IAC Group, controlled by Commerce Secretary Wilbur Ross, left, broke ground on a new auto supplier plant in Poland.

A major automotive supplier controlled by U.S. Secretary of  Commerce Wilbur Ross has broken ground on a new factory – in Poland.

International Automotive Components is moving ahead with construction of a brand new $20 million plant in Opole, Poland, which is part of the company’s plan to expanding its manufacturing operations in Eastern Europe.

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The new plant, which will produce tailored instrument panels for premium passenger cars, will be operational by the middle of this year.  (more…)

All-New Lincoln Navigator in the Works

Unveiling of new Expedition paves way for luxury sibling.

by on Feb.08, 2017

The debut of the 2018 Ford Expedition essentially clears the way for production of its luxury sibling, the Lincoln Navigator.

Ford Motor plans to show off the new version of the Lincoln Navigator later this year, says a top Ford executive.

Joseph Hinrichs, Ford president of the Americas, confirmed for that the Lincoln brand will get a replacement for the current version of the full-size Lincoln Navigator. Hinrichs declined to offer any further details about the next-gen model of the luxury SUV.

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However, the new Navigator will be built at the at Ford assembly plant in Louisville, Kentucky, where Ford also expects to build the 2018 Ford Expedition, which it showed off publicly for the first time during an event at the Dallas Cowboys new training center in the Dallas suburbs yesterday. (more…)