by Joseph Szczesny | Jun 29, 2020
(This story has been updated to include today’s decision from the appeals court.) The meeting is on hold — for now. The Sixth Circuit Court of Appeals today stayed a lower court ruling that would have required General Motors CEO Mary Barra and Fiat Chrysler...
by Joseph Szczesny | Jun 24, 2020
A federal judge has labeled the lawsuit General Motors filed against Fiat Chrysler Automobiles, claiming the FCA had conspired with corrupt officials from the United Auto Workers to put GM at competitive disadvantage on labor costs, “a waste of time.” Following a...
by Paul A. Eisenstein | Jun 19, 2020
Tesla is facing a variety of accusations involving alleged mismanagement, the awarding of improper compensation and other examples of “unrelenting avarice.” With its stock floating in the $1,000 range and its market capitalization approaching that of industry giant...
by Joseph Szczesny | Jun 15, 2020
In an unusual joint announcement, U.S. Attorney Matthew Schneider and UAW President Rory Gamble revealed they planned to meet June 30 to begin negotiations on reform of the United Auto Workers Union. The joint statement said they “(s)eek to work together to restore...
by Joseph Szczesny | Jun 15, 2020
Indian industrial conglomerate Mahindra & Mahindra’s plans to launch sales of a utility vehicle in the U.S. have suffered a significant setback in its ongoing legal fight with Fiat Chrysler Automobiles N.V. Mahindra appears to have come out on the short end again...
by Michael Strong | Jun 12, 2020
United Auto Workers President Rory Gamble has steadfastly pledged to enact significant changes to how the union handles its business affairs after more than a dozen former officials have pleaded guilty to various forms of financial mismanagement. Critics – including...
by Paul A. Eisenstein | Jun 8, 2020
Honda only recently resumed operations in the U.S. and Europe due to the coronavirus. Now it is facing another viral threat – or more accurately – an apparent ransomware attack that may have impacted a number of global operations, including some production facilities,...
by Joseph Szczesny | Jun 3, 2020
Former United Auto Workers President Gary Jones faces up to five years in prison after pleading guilty to embezzling more than $1 million dollars in union funds and tax evasion. Jones, 63, pleaded guilty to one count of conspiring to embezzle UAW dues money and...
by Joseph Szczesny | May 26, 2020
The economic crisis created by the coronavirus pandemic has claimed its first transportation industry casualty, rental car giant Hertz – but the impact is likely to be felt by numerous automakers, as well as U.S. used car buyers. Hertz Global Holdings Inc., the owner...
by Paul A. Eisenstein | May 20, 2020
Two men, a former Green Beret and his son, have been arrested by U.S. authorities on charges of assisting former Renault-Nissan-Mitsubishi Alliance boss Carlos Ghosn escape from Japan last December. Michael L. Taylor and his son, Peter Maxwell Taylor, are the latest...
by Joseph Szczesny | May 13, 2020
Former UAW President Gary Jones will be arraigned Thursday on charges he conspired with key aides to embezzle more than $1 million dollars in union funds. Jones also was charged with failing to pay income taxes on the money stolen from the United Auto Workers. The...
by Paul A. Eisenstein | May 12, 2020
Defying an order from county officials, Elon Musk on Monday ordered the Tesla assembly plant in Fremont, California to resume operations, the automaker’s CEO saying he is ready to be arrested – though Alameda County officials said they are negotiating a deal that...
