Tag Archives: automakers

Federal Appeals Court Upholds Volkswagen’s $10 Billion “Dieselgate” Settlement, Nissan Admits Falsifying Data

Reuters reports: A federal appeals court on Monday upheld Volkswagen’s $10.03 billion settlement with the owners of nearly 500,000 polluting diesel vehicles announced in 2016. The three-judge panel of the U.S. 9th Circuit Court of Appeals said, in dismissing a number of objections to the settlement, that it “delivered tangible, substantial benefits to class members, seemingly the equivalent of — ...

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European Automakers Brace For Trump’s Tariffs

The Washington Post reports: For as long as Donald Trump has been president, he has been threatening to slap tariffs on foreign carmakers to stop flashy German vehicles from “flooding” American streets. On Friday, he repeated the threat and attached a specific number, tweeting about a 20 percent tariff on all automobile imports from Europe. Car tariffs are shaping up ...

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Japanese PM: We Cannot Accept Trump’s Auto Tariffs

NPR reports: Japan’s Prime Minister Shinzo Abe says his government “cannot accept” new U.S. tariffs on imported automobiles, as is reportedly being considered as a possible next move by the White House. President Trump last week launched an investigation into whether auto imports posed a national security risk to the U.S., a justification that might be used to raise the ...

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REPORT: Trump Set To Ban German Auto Imports

CNBC reports: President Donald Trump is preparing to impose a total ban on German luxury carmakers from the U.S. market, according to an exclusive report by German magazine WirtschaftsWoche. Citing several unnamed U.S. and European diplomats, the weekly business magazine reported that Trump told French President Emmanuel Macron last month he would maintain his trade policy with the aim of ...

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Automakers To Trump: Climate Change Is Real

Bloomberg reports: Automakers urged the White House to cooperate with California officials in a coming rewrite of vehicle efficiency standards, saying “climate change is real.” The plea came in a letter to the White House’s Office of Management and Budget from the Alliance of Automobile Manufacturers, the industry’s leading trade group. It said carmakers “strongly support” continued alignment between federal ...

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Volvo To Phase Out Gas-Only Engines

The BBC reports: Carmaker Volvo has said all new models will have an electric motor from 2019. The Chinese-owned firm, best known for its emphasis on driver safety, has become the first traditional carmaker to signal the end of the internal combustion engine. It plans to launch five fully electric models between 2019 and 2021 and a range of hybrid ...

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Feds Indict Six Volkswagen Executives In Emissions Fraud Scandal As Company Agrees To Pay $4.3B Fine

So much for “clean diesel.” NBC News reports: Volkswagen will pay a $4.3 billion penalty for diesel emissions rigging, the U.S. Justice Department and several other federal agencies announced on Wednesday. As a result of the criminal investigation into the diesel scandal, regulators also revealed that six executives have been indicted on charges ranging from wire fraud to conspiracy to ...

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Fiat Chrysler: No, Donald Trump, You Had Nothing To Do With Our Long-Planned Billion-Dollar Expansion

Think Progress reports: On Sunday, FCA US, the parent company of Fiat and Chrysler, announced that it will spend $1 billion to expand plants in Michigan and Ohio and create 2,000 more jobs in the U.S. The move, as the company made clear in its press release, is simply the next phase in an expansion plan it announced last year ...

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GM Fires Back At Trump’s “Big Border Tax” Threat

CNBC reports: General Motors disputed the facts in Donald Trump’s Tuesday morning attack on the automaker, saying it makes most of its Chevy Cruze models in the United States. The company said in a statement that “all Chevrolet Cruze sedans sold in the U.S.” are made at an assembly plant in Lordstown, Ohio. It clarified that it builds hatchback models ...

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AGAIN: Trump Lies About Ford Not Moving Kentucky Plant To Mexico, Which They Never Said They Would Do

Reuters reports: U.S. President-elect Donald Trump said Ford Motor Co Executive Chairman Bill Ford Jr told him the automaker would not move a Kentucky plant to Mexico, but the firm said it informed him the decision was to keep one vehicle in U.S. production. On Thursday, Trump posted on Twitter: “I worked hard with Bill Ford to keep the Lincoln ...

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Ford Worker Files EEOC Complaint Over Firing For His Anti-Gay Email To Bosses

Via Detroit’s ABC affiliate: A former Ford Motor Company contractor says he was fired because he criticized the auto company for having a policy that is pro-gay, according to a complaint filed with U.S. Equal Employment Opportunity Commission (EEOC). Thomas Banks of Ypsilanti, who also filed his EEOC complaint against Rapid Global Business Solutions, stated that the companies violated his ...

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GM Recognizes Gay Marriages

General Motors will now recognize same-sex marriages for the purposes of insurance and pension benefits. “GM will recognize a legal marriage for U.S. employees no matter the state of residence,” the automaker said in a statement. “For example, if a GM employee residing in Michigan, where same-sex marriage is not recognized, got married in New York, GM would recognize that ...

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MICHIGAN: Union Supporters Tear Down Koch Brothers Tent At Capitol Building

Via Breitbart: A group of pro-union, progressive protesters leveled a large tent with people inside during Tuesday’s demonstrations outside the Michigan Capitol building in Lansing against right to work legislation. The protesters shouted “scab” and “Walmart tent” as they advanced. The tent, one of many at the demonstration, had been put up by the pro-right to work group Americans For ...

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Ford To Close Mercury Division

Ford Motor Company has announced that this will be the last year of production for their Mercury line. Mercury’s demise follows a string of famous American nameplates that have been dropped over the last year, including General Motors Co.’s Pontiac, Saturn and Hummer. Ford plans to focus on the design and marketing of its more upscale Lincoln brand — including ...

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GM Lies About Bailout Repayment

Have you seen the below ad from General Motors claiming that they’ve repaid their loan from the federal government “five years early and with interest”? Yeah, not so much. Lawmakers, and even the inspector general for the bailout fund GM borrowed from, point out that General Motors only repaid the bailout money by dipping into a separate pot of bailout ...

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Get Rich Cheating

(Via – Americablog)

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Bankruptcy For Chrysler

Today the Obama administration will announce that Chrysler will enter into bankruptcy in order to force a debt reduction with their partner Fiat. With the UAW late Wednesday ratifying cost cuts in its contract and cuts in the money due its retiree health-care trust fund, President Barack Obama will announce a Chrysler-Fiat deal and the government’s “surgical” bankruptcy plan later ...

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Chrysler To Shut Down For One Month

Whoa. Struggling U.S. automakers are launching a round of severe cutbacks as they wait for a government rescue, with Chrysler saying yesterday it will idle all 30 of its U.S. factories for one month. Chrysler’s plants will furlough 46,000 workers beginning Friday, as a planned two-week holiday shutdown is extended to a month and possibly longer. The company, which has ...

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