Last Wednesday, Audi CEO Rupert Stadler was interrogated by investigators of the Jones Day lawfirm, who showed great interest in his involvement with Volkswagen’s dieselgate scandal. What transpired on the hotseat depends on who you ask. Some claim the interview produced a lot of nothing. Some say that Stadler was confronted with new accusations. Then there is that long-term Volkswagen executive who tells me that Stadler could be the lynchpin of present and past Volkswagen scandals, and that no-one in Volkswagen’s leadership would have any interest in Stadler becoming talkative.
Nothing symbolized Japan’s economic heydays more than Tokyo’s Ginza with its luxury department stores, designer boutiques and hostess bars, where a cocktail and some small talk could cost you big money. Ginza’s bustling 4-chome intersection is what Times Square is for Manhattan, and for decades, the cylindrical Nissan Building power-towered over the square. Its downstairs showroom, dubbed Nissan Gallery, was a major attraction – or possibly, its all-female staff was. In 2009, Nissan traded Tokyo’s most expensive real estate for a new building and tax breaks in neighboring Yokohama. The landmark Nissan Gallery was moved to Kanagawa as well, and a neglected Ginza showroom turned into a symbol for Japan’s lost decade. Two years ago, it closed. Today, it came back, more glamorous than ever.
- Toyota’s Japan ad agency Dentsu to repay advertising overcharges – Automotive News: Ad agency Dentsu will pay an estimated 230 million yen ($2.3 million) back to customers, including Toyota, that it overcharged for Internet advertisements in a case likely to stoke concern that digital media transactions have lacked transparency.
- Honda projects declining U.S. auto sales to ‘good industry’ pace – Automotive News: Auto sales in the U.S. may not set a record this year and will probably decline from 2015’s record in the coming years, said Honda’s top American sales executive.
- MG pulls out of UK production – Autocar: British brand MG, which has been under ownership by Chinese automotive giant SAIC, will not produce its range of cars at its Longbridge plant
- GM Expects Improved Second-Half Earnings – Detroit Bureau: General Motors Co. re-affirmed its earlier forecast, calling for the company to make up to $6 per share and said it expects to exceed its cost-savings target of $5.5 billion.
- Apple-Target McLaren Is a Tech Company Disguised as a Carmaker – Bloomberg: McLaren has also achieved the transition from developer of industry-leading technology to a full-scale producer of street-legal cars in just six years,…
- McLaren denies Apple takeover, investment – Just-auto: McLaren has denied earlier reports by the Financial Times and others Apple has approached it over a potential takeover or strategic investment.
First, dieselgate did cost the job of Volkswagen’s CEO Martin Winterkorn, then it decapitated Volkswagen Group’s entire technical leadership. One man appeared to be immune: Audi’s CEO Rupert Stadler. Yesterday, the toxic scandal reached the … [Continue reading]
Top News: PSA autonomous demos do 60,000 clicks in 'hands off' mode - Just-auto: Four Citroen C4 Picasso demonstrators equipped with autonomous driving features have already traveled 60,000 km in "hands off" mode on express roads in Europe since … [Continue reading]
Top News: Chevrolet prices Bolt for US and Canada - Just-auto: Chevrolet has set a US price for the new Bolt EV of US$37,495 including destination charge. Customers might receive an available federal tax credit of up to $7,500, reducing the cost … [Continue reading]
From America to Australia, justice for Volkswagen’s dieselgate fraud has been swift and costly. In Europe however, the region with by far the highest concentration of diesel cars in the world, no fines have been levied, possibly because equal justice … [Continue reading]