Category: Government

By on June 2, 2014

GM-CEO-Dan-Akerson-at-New-York-Stock-Exchange

Last week, the B&B learned from former General Motors CEO Dan Akerson that current CEO Mary Barra did not know about the ignition switch that has since given his old company a months-long headache. The B&B then asked if Akerson himself knew of the problem on his way to be at his wife’s side and that of his colleagues at The Carlyle Group.

Automotive News reports the answer is “No.” In a post on Forbes magazine’s blog, both he and GM chair Tim Solso claim they didn’t know about the ignition switch issues at the heart of the February 2014 recall of 2.6 million vehicles. Akerson stated that if he had known about the problem, Barra would have been made aware as he handed the reins of the automaker to her in late December 2013. Solso says he didn’t become aware until after Barra called him to let him know the bad news, having become a non-voting member of the board in the following January.

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By on June 2, 2014

Chevy Volt Gas Station

As the funding aquifers for road maintenance continues to fall before the efficiency-fueled gas tax drought, federal and state governments are left to ponder how best to make up for the shortfall.

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By on May 30, 2014

GM Korea Bupyeong Plant

With labor costs set to rise in South Korea, wage negotiations between management and employees inside GM Korea may be “the most critical negotiation” the subsidiary has ever faced.

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By on May 30, 2014

Honda FCX Clarity At Shell Hydrogen Fuel Pump

A new gold rush in California is coming to the fore as private and public investments push hydrogen fuel cell technology forward, and the U.S. Department of Energy is the latest to enter the arena.

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By on May 29, 2014

Dan Akerson

Automotive News reports former General Motors CEO Dan Akerson proclaimed in an interview with Forbes magazine that current CEO Mary Barra had no knowledge of the out-of-spec ignition switch that led to the February 2014 recall of 2.6 million vehicles, going as far as to bet his own life on the statement. Barra added the fallout from the recall is a chance for GM to not only “do the right thing and serve the customer well through” the crisis, but “to accelerate cultural change” within the company. Akerson passed the torch to Barra in December 2013 to take time to care for his ailing wife, and has since rejoined Carlyle Group as vice chairman on its board of directors.

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By on May 29, 2014

2014 BMW i3 01

Though Chinese consumers have been slow to adopt electric vehicles thus far, BMW believes China will become the largest global market for EVs by 2019 at the earliest.

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By on May 29, 2014

China Air Pollution

In its ongoing effort to clear the air in its major cities, the Chinese government has plans to throw 5.33 million non-compliant vehicles into the crusher by the end of 2014.

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By on May 28, 2014

Volvo Hyper Bus PHEV

Coming off its study of stationary vehicle wireless charging, Volvo will turn its attention toward on-road charging of its Hyper Bus diesel-electric in a year-long study with partner Swedish Transport Association.

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By on May 27, 2014

gm-headquarters-logo-opt

As General Motors maintains 13 individuals lost their lives behind the wheel of vehicles affected by the February 2014 ignition switch recall, the automaker has boosted the total number of accidents related to the recall from 30 to 47.

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By on May 23, 2014

PA also 225

The Federal Trade Commission is launching an investigation into biweekly payments sold as a product by dealership finance departments on the basis that consumers may not be getting their money’s worth with such payments.

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By on May 23, 2014

2014-RAM-1500-Eco-Diesel-Exterior-001

Though diesel power is experience increased popularity among United States consumers, the wild fluctuations in the price for a gallon of diesel may put some potential oil-burner owners back on the gasoline bandwagon.

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By on May 23, 2014

Blurry Renaissance Center

Automotive News reports General Motors’ recall parade could, according to Barclays Capital analyst Brian Johnson, last well into the middle of the summer season. The data mining conducted by the automaker’s team of 60 safety investigators on 10 sources reporting potential problems — including consumer complaints and reports from its dealership network — will likely bring more recall requests before GM’s senior executives. Johnson adds that the investigators are working on likely defects on a per-issue basis instead of per-vehicle, which may mean a number of vehicles will be called back multiple times as the recall parade marches on; he also notes that its hard to discern if recalls of past vehicles have already peaked.

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By on May 22, 2014

Prius Capitol Hill - Picture courtesy Flickr.com

Hybrid owners may soon need a co-pilot and a couple of backseat drivers to use HOV lanes, as the U.S. Senate Environment and Public Works Committee approved a six-year highway spending bill with an amendment that would redefine for states what vehicles can and cannot use such lanes for solo driving.

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By on May 22, 2014

GM RenCen Storm Clouds

Detroit Free Press posits the endless recall parade General Motors has been leading since late February 2014 may be doing more harm than good for public perception or its bottom line. Though spokesman Greg Martin claimed the recalls were an effort to make his employer “a first-class safety organization” by focusing hard upon the consumer, a survey by AutoTrader found 51 percent of auto consumers were less confident in the industry’s overall safety record as a result of the actions by GM, up from 44 percent who thought the same five days’ earlier. In addition, the automaker will take a $400 million charge in Q2 2014 for the recalls since April 1 as of this writing, while its current stock price of $33.07 per share is a few cents above its IPO price from November 2010.

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By on May 21, 2014

450x337xFiat500LTrekking-450x337.jpg.pagespeed.ic.HvJbi627EE

An event held at Washington D.C’s Brookings Institute saw FCA CEO Sergio Marchionne and former National Economic Council head Larry Summers discuss the auto bailout on its five-year anniversary. As always, Marchionne had some colorful commentary, with a one interesting nugget about Fiat.

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