Back in May of last year we wrote an update story about a scandal that had enveloped the United Auto Workers (UAW) Union in Detroit with relation to a scheme to misappropriate funds from FIAT Chrysler (FCA) and the Government. It was focused on a training centre and several union officials and FCA finance employees were caught flashing the cash. Millions of dollars were spread through a community rather than go to retrain workers. At that time - nearly a year ago, an ex Vice President of the Union was implicated however not charged. Norbert Jewell had been the guest of honour at a lavish party just prior to wage negotiations that turned out to be not good for the workers - and great for FCA! When the scandal broke in the media he suddenly resigned and tried to distance himself from the issues. Now, almost a year later, he has been charged - in relation to goods and services to the tune of around $40,000 that he received from people representing FCA during those wage negotiations. … [Read More...]
Tesla has been flip-flopping on how they sell their cars and this is concerning the stock market and investors. They are trying to be “modern” in their sales methods and trying to abandon traditional ways to sell.
The PSA Group has finally made an announcement about heading back to the US after several of the group members had pulled out over the last few decades. Peugeot will head the sales attack in 2026.
The Alliance is struggling with a management crisis and ongoing legal issues with the ex boss, Carlos Ghosn. It looks like it will get messy before things calm down although it could damage all parties in the alliance before then. It is possible that the alliance will disintegrate soon.
The famous #Morgan Motor Company has sold a majority stake in the business to InvestIndustrial to help them continue their growth plans.
The boffins are hard at work developing a cold plasma pyrolysis method to convert and refine waste plastics into a diesel-type fuel. As this continues to improve, we will see diesel cars helping the environment not polluting it.
Jatropha are plants that are bad for human consumption but great for bio-fuel production. The fuels refined from the plants are already being tested in aircraft and used in trains, so there is good chance we will see it replace carbon diesel.
Several different types of metals are used in electric vehicle batteries – the raw materials need to be refined before use and this part of the supply chain is concerning some manufacturers because China is establishing itself as a dominant force which is affecting pricing.
Motus, who created some very high tech motorcycles in the US took the design of the General Motors LS1 V8 and used its concepts to create a V4.