The United States of America is a large country in North America, often referred to as "the USA", "the US", "the United States", "the United States of America", "the.
Ford Will Officially Lay Off 'Only' 1,4. People. Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know.
Gear: Well, That’s Not So Bad, But Still Very Bad. When you get right down to it, the CEO of a publicly traded company is responsible for one thing, and one thing only – the share price. They are beholden to no other measurement, and it is supposed to go upwards, only. If it’s flat, that’s quite bad. CEOs get fired if the share price is bad.
So what’s a CEO to do with a flat share price? Fire a bunch of other people.
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And that’s just what Ford CEO Mark Fields is doing, as Ford’s stock market chart looks like this: The official word is that Ford will be laying off 1,4. Automotive News: Ford Motor Co. Ford said nearly all of its “skill teams” will be affected, except for product development, Ford Credit, manufacturing, IT and global data and analytics. A Ford spokesman said the reductions will affect corporate staff, including the finance, legal, human resources, communications, government, marketing, sales and service departments. Our bad in that regard. But at least we didn’t lay off 1,4. Gear: Volkswagen CEO Under Criminal Investigation By German Prosecutors.
Volkswagen CEO Matthias Muller has been relatively untouched by the Dieselgate scandal so far, but word from Germany today is that he’s under criminal investigation for market manipulation, the New York Timesreports: On Wednesday, prosecutors said they were investigating whether Mr. Winterkorn and Mr. But Porsche S. E. Corporate CEOs are titans of industry, who would never do anything to enrich themselves at the expense of those less powerful. Gear: Tesla Turned Down Uber On Self- Driving Cars, Book Says. Tesla, a company with an extensive self- driving car program that’s been in operation for literally years, turned down a self- driving partnership with Uber, a relative shitshow of a company that’s mired in a dire lawsuit over its own self- driving car program, if you would believe it. That whoa- if- true BOMBSHELL came from Bloomberg: The discussion came after Apple Inc.
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- Map Your Trips with the Interactive Amtrak Map. The Route Atlas is an interactive map to help you explore all the places Amtrak goes. Find A Station.
- Also this shouldn’t have to be said, but don’t use photos of you and your ex. Like, it’s great that you’re friends and all—don’t complain about them or.
- Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need.
- This past Friday, Jayson W (he requested his last name be removed) and his wife were heading to Chicago’s Spring Awakening Music Festival in an Uber when their.
That’s when I knew Tesla was competing.”. Not when Tesla actually started putting semi- autonomous technology in its actual cars. It’s when Elon Musk told you to go away. Uber is worth $6. Gear: Volvo Diesels Will Probably Be Dead Soon. Not that this really matters to Americans, as I’m not sure we ever got a diesel Volvo in the United States (maybe? Feel free to check me on that).
But the news from Reuters says that Volvo is killing off its diesel program: Volvo’s latest generation of diesel engines could be its last because the cost of reducing emissions of nitrogen oxide is becoming too expensive, CEO Hakan Samuelsson was quoted as saying on Wednesday.“From today’s perspective, we will not develop any more new generation diesel engines,” Samuelsson told German newspaper Frankfurter Allgemeine Zeitung in an interview. And this makes sense, considering that Volvo’s made noises about full electrification of its cars for a few years now. Gear: It’s The E.
U. Versus Italy Over Fiat. This one’s a bit complicated, so I’ll just let Reuters explain it: The European Commission launched legal action against Italy on Wednesday for failing to respond to allegations of emission- test cheating by Fiat Chrysler (FCHA. MI), in a procedure that could lead to the country being taken to court.“The Commission decided today to send a letter of formal notice asking Italy to respond to concerns about insufficient action taken regarding the emission control strategies employed by Fiat Chrysler Automobiles group (FCA),” the Commission said in a statement.? Who knows anymore!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Reverse: And From That Day, Toyota Laid Waste To Every Other Carmaker. On this day in 2.
Toyota Motor Company announces its plans to produce a gasoline- electric hybrid version of its bestselling Camry sedan. Built at the company’s Georgetown, Kentucky, plant, the Camry became Toyota’s first hybrid model to be manufactured in the United States. The constant rumors are that Elon Musk can be a pain to work with. Are there any good car company CEOs, besides Malcolm Bricklin?