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 … [Read more...]
Update on FCA UAW Embezzlement Scandal
Back in 2009, during the Global Financial Crisis, Chrysler filed for bankruptcy protection and quickly emerged from it with some new owners: the United Auto Workers Union (UAW) Pension Fund, FIAT (with 20%), the US Government and the Canadian Government. Gradually, over the next few years FIAT increased their stake by buying out all of the partners so that they owned the whole … [Read more...]
More Comments on Government Involvement with Diesel Emissions
In a recent post called Government Responsibility in VW Scandal, I suggested that there was more to the story about VW being caught "cheating" on the diesel emissions test and that there really wasn't a "scandal". Several recent news reports have backed up my thoughts that this was a wider issue neglected by the Governments across the globe for various reasons. The first was … [Read more...]
Government Responsibility in VW Scandal
In my last post about the "scandal" I gave my view that Governments across the world were also negligent in the issue. I used scandal in quotes simply because I don't see it as being as bad as several other recent automotive issues that have resulted in many deaths and injuries. I said that Governments were negligent simply because the industry has been demanding that the … [Read more...]
The VW (Vulture War) Scandal
I'm being a little cheeky with the title - however it probably does sum up the current situation quite well. The vultures are circling and fighting over what basically is a non-story with Governments and lawyers drooling over the money they can get and Volkswagen have rightly set aside billions to cover fines and other charges. The Scandal Well this started by independent … [Read more...]