A Detroit court found a former GM engineer and her husband guilty of conspiring to steal hybrid car trade secrets. Their lawyers unsuccessfully argued that there were no secrets to steal. Ed Niedermeyer had said that for years.
Posts By: Bertel Schmitt
Timing the market is a tricky matter. There are people who urge the Canadian government to dump its shares in GM at a considerable loss. And there are others who rather wait for the stock to go higher. Canada’s Finance Minister Jim Flaherty is in the second camp. (Read More…)
Opel is bleeding money and has to save at all costs. Opel hoped to share development of the next generation Insignia with PSA, but that was called off before it was even announced. According to German media reports, Opel engineers quickly developed a more cost effective solution: A head transplant. (Read More…)
The AAA asked the U.S. government to prohibit the sale of E15. Only about 5 percent of the 240 million light duty vehicles on U.S. roads today are approved by manufacturers to run on the gasoline that contains 15 percent alcohol, and the other 95 percent could be ruined by the wicked fuel, says the AAA. The industry agrees. (Read More…)
The European contagion claims another victim: The Amsterdam auto show, scheduled for next April, has been canceled, Reuters reports. The organizers could not find enough companies willing to show their wares – for a modest fee upwards from $ 1 million. (Read More…)
Ford and Mazda have been divorced ever since Ford cashed in its shares to finance a survival. Everywhere, except in China. In China, nothing goes without government approval, and because there was none, both Ford and Mazda had to continue their threesome with joint joint-venture partner Changan. An impending dissolution was announced several times. In August, Ford CEO Alan Mulally told reporters in Chongqing: “Ford and Mazda and their local Chinese partner Chongqing Changan have received approval from China’s central government to split their three-way, manufacturing and sales joint venture into two.” Got you! Not true. Now, it finally is. (Read More…)
Of course Chinese cars are all craptastic patent violations on wobbly wheels. But then, the same had been said about Japanese and later Korean cars. Can Chinese carmakers repeat what Japan and Korea have done? J.D. Power thinks they are rapidly improving. (Read More…)
Two days ago, we heard that TrueCar expects a whopper of a November. Now, Kelley Bluebook and Edmunds have submitted their forecasts also. All agree: This will be a whopper of a November. More or less. (Read More…)
Sprint Nextel presents a new “Velocity” in-vehicle communications and entertainment architecture at the LA auto show. You can’t buy it from Sprint, but Sprint hopes your automaker will buy it from them. This did not keep Sprint from taking jabs at its presumptive customers: (Read More…)
Fisker put production of its Karma plug-in hybrid on hold. Reason: It is running out of batteries. Bankrupt battery manufacturer A123 Systems has cut its output. (Read More…)
“Who’s next?” This is the number one topic at the Los Angeles auto show. After Hyundai had to restate its MPG numbers and pay compensation to customers, executives and analysts are convinced that more automakers may have to do the same, reports the well-connected Reuters reporter Bernie Woodall from the back-rooms and cocktail parties in LA. (Read More…)
Ford has set itself an ambitious target. According to a Reuters report,the company “expects to wind up with 11 percent of the U.S. market for hybrid, plug-in hybrid and battery electric vehicles this year.” Not next year. This year. By our calculation, Ford would have to sell more than 50,000 of the electrified cars this year to stand a chance. By end of October, it had sold a little over 20,000. They better get going. (Read More…)
Fisker wanted to sell its $100,000-plus Karma plug-in hybrid in China by the end of this year. It’s not happening. Fisker “encountered a slight delay in obtaining final certification to sell cars in China” spokesman Roger Ormisher told Reuters. The company now targets “the first quarter of next year to take advantage of China’s rapidly growing market for luxury cars.” Good luck with that. (Read More…)
In Europe, EU commissioners received the green light to start negotiations for an EU-Japan free trade agreement (FTA), despite the complaints of the auto industry, notably the one in Italy, and PSA in France, Reuters reports. Japan is the EU’s third-largest trading partner after the United States and China, and the architects of the FTA hope for 400,000 new jobs to be created in Europe as a result of the agreement. (Read More…)
Where are Debbie Stabenow and Carl Levin when we need them? The crusaders against China getting its hands on precious American intellectual properties must go bonkers when they hear this: In the olden days, the Chinese had to steal and rob know-how from America. No longer necessary: Americans outsource know-how creation to China. At the forefront: General Motors. (Read More…)











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