by Joseph Szczesny | Jun 5, 2019
Two shareholder proposals opposed by General Motors top management went down to defeat during the company’s annual shareholders meeting, but not before the two measures gained significant support from shareholders. The final tally showed that 37% of the shareholders...
by Michael Strong | Jun 5, 2019
After initially appearing to be excited by the prospect of a merger with Fiat Chrysler, Renault is now slow-playing its hand as its board delays a decision about merger talks. Renault’s board said Tuesday after meeting at its headquarters near Paris that it will meet...
by Paul A. Eisenstein | Jun 4, 2019
Renault’s board will meet on Tuesday afternoon to pore over the merger proposal offered late last month by Fiat Chrysler Automobiles and reports from Europe suggest the response will be a positive one. Should the French automaker signal its approval it would surprise...
by Paul A. Eisenstein | Jun 3, 2019
It’s a bear market, at least when it comes to automotive stocks, with Pres. Donald Trump’s planned tariffs on Mexican imports set to go into effect a week from today. Last Friday, the president tweeted that he was prepared to enact a new 5% tariff on Mexican goods in...
by Michael Strong | May 30, 2019
The UAW is getting its another kick at the can when Volkswagen of America hourly workers in Tennessee will vote yet again to decide if they want to be represented by the Detroit-based union. Workers at the Chattanooga, Tennessee assembly plant will vote June 12, 13...
by Paul A. Eisenstein | May 29, 2019
During the coming months, Fiat Chrysler Automobiles and Groupe Renault will be putting an emphasis on due diligence, studying the potential pros and cons of the merger FCA formally proposed on Monday. Among other things, they’ll be looking at how their global...
by Michael Strong | May 28, 2019
President Donald Trump’s potential plan to implement new tariffs on inbound goods, such as autos and automotive components, claiming they represent a threat to the national security of the U.S. likely won’t survive a challenge with the World Trade Organization. Trump...
by Joseph Szczesny | May 28, 2019
Robert Bosch GmbH, one of the world’s largest auto suppliers, agreed to pay additional fines for it role in the dieselgate scandal that has rocked the German auto industry. German prosecutors in Stuttgart are investigating the inner workings of German companies...
by Paul A. Eisenstein | May 27, 2019
After extensive, secret negotiations, Fiat Chrysler Automobiles has laid out a plan to merge with the largest of France’s two automakers, Groupe Renault, a move that would create the world’s third-largest motor vehicle manufacturer, with annual sales of 8.7 million...
by Michael Strong | May 23, 2019
Part of Volkswagen AG’s punishment for rigging its diesel engines to pass U.S. emissions tests, involved about $3 billion designed to foster clean transportation, such as improving electric vehicle infrastructure. However, a new study by the United States Public...
by Paul A. Eisenstein | May 15, 2019
With one trade war already underway, the White House could kick off another battle this weekend as the May 18 deadline nears for Pres. Donald Trump to decide whether to impose tariffs on European auto imports. Any move would follow the completion of a Commerce...
by Paul A. Eisenstein | May 10, 2019
It’s been a while since Ferrari first dropped the hint that it would add a new hybrid to its line-up and now, according to CEO Louis Camilleri, we’ll be getting to see it before the end of this month. The hybrid will be one of five new models coming from the...
