The Truth About Cars » People http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Thu, 27 Aug 2015 20:00:15 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » People http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com/category/news-blog/people/ Eisenhower Did Just About the Worst Damn Road Trip, Ever http://www.thetruthaboutcars.com/2015/08/well-just-worst-damn-road-trip-ever/ http://www.thetruthaboutcars.com/2015/08/well-just-worst-damn-road-trip-ever/#comments Tue, 25 Aug 2015 19:00:28 +0000 http://www.thetruthaboutcars.com/?p=1152521 Atlas Obscura has a fine, fine retelling of former President Dwight Eisenhower’s treacherous slog across the U.S. in 1919, presumably before Google Maps could tell him where to go. His 62-day, transcontinental epoch may have served as inspiration for the creation of America’s interstate highway system — not the threat of a nuclear attack and evacuation […]

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98_3_70 Atlas Obscura has a fine, fine retelling of former President Dwight Eisenhower’s treacherous slog across the U.S. in 1919, presumably before Google Maps could tell him where to go.

His 62-day, transcontinental epoch may have served as inspiration for the creation of America’s interstate highway system — not the threat of a nuclear attack and evacuation of America’s major cities, apparently — later on during his presidency.

Among the highlights: 6 mph traveling speed, biblical salts in Utah and misery in Nebraska. Pack a lunch for the long read, because it’s entertaining.

86_19_190Eisenhower’s trip between Washington D.C. and San Fransisco wasn’t exactly a pleasure cruise. The convoy of 80 trucks was assembled to show the rest of the country its mechanical might after the Army returned from World War I.

The team traveled across the Lincoln Highway, which was America’s only real transcontinental route. The highway became much more of a suggestion west of Nebraska, and by Utah the route had disappeared altogether.

The team traveled the distance in 62 days, which was 6 days longer than anticipated.

Today, traveling between San Francisco and Washington D.C. via Interstate 80 would take roughly 42 hours, according to Google Maps.

The modern-day I-80 is the road that most closely traces the original Lincoln Highway, and was part of the initial Interstate Highway System approved by Eisenhower in 1956. The last portion of I-80 was finished in 1986 in Utah.

(H/T to TTAC reader David for sending this in.)

(Photos from the Eisenhower Archive)

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Death of Justin Wilson Prompts Calls for IndyCar Safety Review http://www.thetruthaboutcars.com/2015/08/death-justin-wilson-prompts-calls-indycar-safety-review/ http://www.thetruthaboutcars.com/2015/08/death-justin-wilson-prompts-calls-indycar-safety-review/#comments Tue, 25 Aug 2015 17:00:17 +0000 http://www.thetruthaboutcars.com/?p=1152233 Former and current drivers have called on IndyCar officials to review safety equipment in place after racer Justin Wilson died Monday from injuries suffered Sunday at Pocono Raceway, Reuters is reporting. Wilson was struck in the head by debris from a car that crashed ahead of him, driven by Sage Karam. The incident was similar to […]

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Ed Carpenter apexes Turn 3 during the 2015 ABC Supply 500 at Pocono Raceway

Former and current drivers have called on IndyCar officials to review safety equipment in place after racer Justin Wilson died Monday from injuries suffered Sunday at Pocono Raceway, Reuters is reporting.

Wilson was struck in the head by debris from a car that crashed ahead of him, driven by Sage Karam. The incident was similar to accidents in other race series with open cockpits; Felipe Massa was hit by debris in Hungary in 2009 and required surgery, James Hinchcliffe was struck in the head in 2014, which caused a concussion. Wilson’s death was the first for IndyCar since Dan Wheldon was killed in 2011.

“Safety is not one of those things that because you have a clear record for a certain amount of time that you stop doing development,” former race driver Eddie Cheever told ESPN.

Many in the sport have called for further face protection, including a canopy or guard in front of the driver’s face to deflect debris. IndyCar officials said removing the driver from a cockpit was a key concern in adding anything that might cover the driver’s head.

“It is being considered; it’s been on my radar ever since I came to IndyCar,” Derrick Walker, who is president of the series, told Racer in 2014.

“I’ve had discussions with Dallara about trying to design a partial canopy – not a fully enclosed, but a partial one that would serve as a deflector for debris that comes at the driver.”

Walker later said that a deflector would be a fit for the series.

“Getting out of the car as quickly as possible is the first priority, so a front deflector section seems to be a logical step,” Walker said.

Racing veterans have suggested other alternatives, including latching components to the car in event of a crash.

“The next thing, I think perhaps, they should have a tether on something that’s so detachable as a nose,” Mario Andretti told ESPN. “There is a quick disconnect on the nose so they can change it quickly. Maybe they should have a tether on there.”

Safety advocates may also direct their concerns toward the type of track that Wheldon and Wilson raced on. Banked ovals like the one Wilson was racing on are particularly dangerous because of the speeds involved. Wheldon was killed at Las Vegas Motor Speedway, which is also a banked oval.

“We’re always looking at ways to make this sport safer,” Wilson’s teammate Ryan Hunter-Reay said immediately after the race, according to Reuters.

“First we had the innovation with the safer barrier. Oval tracks in general, we need to start looking into the next 20 years, maybe making the walls a little bit higher. Maybe coming up with something a little bit better than just mesh fencing and poles.”

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IndyCar Racer Justin Wilson Dies After Pocono Crash http://www.thetruthaboutcars.com/2015/08/indycar-racer-justin-wilson-dies-after-pocono-crash/ http://www.thetruthaboutcars.com/2015/08/indycar-racer-justin-wilson-dies-after-pocono-crash/#comments Tue, 25 Aug 2015 02:46:32 +0000 http://www.thetruthaboutcars.com/?p=1151849 Justin Wilson died Monday from injuries sustained Sunday, when a piece of another crashed race car struck him. He was 37. His family released a short statement thanking well-wishers and fans for their support after the crash. Wilson was a native of Sheffield, England and lived in Longmont, Colorado with his wife and two daughters. “Justin […]

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Justinparade2015

Justin Wilson died Monday from injuries sustained Sunday, when a piece of another crashed race car struck him. He was 37.

His family released a short statement thanking well-wishers and fans for their support after the crash. Wilson was a native of Sheffield, England and lived in Longmont, Colorado with his wife and two daughters.

“Justin was a loving father and devoted husband, as well as a highly competitive racing driver who was respected by his peers.”

Wilson was an advocate for track safety, not only for the racers but also for the spectators.

Wilson’s family announced Justin’s death on his website.

With deep sadness, the parents of Justin Wilson, Keith and Lynne, his wife Julia, and his brother Stefan share the news that Justin passed away today after succumbing to injuries suffered during the Verizon IndyCar event at Pocono Raceway on Sunday, August 23.

Justin was a loving father and devoted husband, as well as a highly competitive racing driver who was respected by his peers.

The family would like to thank the staff at the Lehigh Valley Health Network Cedar Crest Hospital,  Pocono Raceway, Andretti Autosport, and the Verizon IndyCar Series as well as the entire racing community for the amazing outpouring of support from fans around the world.

The family has requested that in lieu of flowers, donations be made to the Wilson Children’s Fund care of INDYCAR.

Wilson Children’s Fund
C/O INDYCAR
4551 West 16th Street
Indianapolis, IN 46222

Wilson was a part-time driver in this year’s IndyCar series. His career spanned Formula 1, endurance and American Le Mans Series, including a win at the 24 Hours of Daytona in 2012.

On Sunday, Wilson was struck by debris from Sage Karam’s crash, outside of turn 1 on lap 179 of 200. Wilson was airlifted to a hospital in Allentown, Pennsylvania, where officials said he was in a coma Sunday and Monday.

“We are deeply saddened by the passing of Justin Wilson,” Andretti Autosport said in a statement released on Monday night. “He was a tremendous racer, a valuable member of the team and respected representative to our sport. While Justin was only part of the Andretti lineup for a short time, it only took a second for him to forever become part of the Andretti family. His life and racing career is a story of class and passion surpassed by none. Our thoughts and prayers remain with the Wilson family and fans worldwide.”

(Personally: Living in Denver and covering motorsports and cars, Justin’s personality was inescapable — not because it was so large, but because he was so magnetic. Wilson wasn’t only friendly, he was also very genuine — and even I know that’s rare. I sincerely missed seeing him at Pikes Peak this year partly because I looked forward to giving him grief for not racing the mountain on his bicycle. Take care, Justin. — Aaron)

(Photo courtesy JustinWilson.co.uk)

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Apple Hiring All The Robot Car Experts Now http://www.thetruthaboutcars.com/2015/08/apple-hiring-all-the-robot-car-experts-now/ http://www.thetruthaboutcars.com/2015/08/apple-hiring-all-the-robot-car-experts-now/#comments Sat, 22 Aug 2015 15:00:09 +0000 http://www.thetruthaboutcars.com/?p=1150825 Expert marketing company, and sometimes computer-maker, Apple has poached an automated car engineer from Tesla to join its growing roster of robot car builders, Reuters is reporting. According to Jamie Carlson’s LinkedIn profile, the former Tesla engineer has joined Apple in “Special Projects.” Carlson is the seventh high-profile hire for the Cupertino-based company who has […]

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Apple Logo Circa 2005

Expert marketing company, and sometimes computer-maker, Apple has poached an automated car engineer from Tesla to join its growing roster of robot car builders, Reuters is reporting.

According to Jamie Carlson’s LinkedIn profile, the former Tesla engineer has joined Apple in “Special Projects.” Carlson is the seventh high-profile hire for the Cupertino-based company who has specific automotive experience. Carlson joins a former Volkswagen engineer, a Chrysler VP and the former deputy director of autonomous systems at the Swiss Federal Institute of Technology, among others, at Apple.

Maybe they’re all working in the cafeteria?

Tesla CEO Elon Musk has address the fact that a few of his employees have left Tesla to work at Apple. In May, Musk said he welcomed whatever “special project” Apple would be working on and said that he had poached employees from Apple at a rate of about 5-to-1.

“I actually hope Apple gets into the car business, that would be great,” Musk said.

Reportedly, Apple has dubbed their secret car program “Titan,” although many insiders believe that is the name for the company’s mapping program. Whatever it’s called, they’re hiring a lot of people who know a lot about cars to do — something.

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Australian Supercar Racer Courtney Injured in Freak Accident, Championship Chase Probably Over http://www.thetruthaboutcars.com/2015/08/australian-supercar-racer-courtney-injured-freak-accident-championship-chase-probably/ http://www.thetruthaboutcars.com/2015/08/australian-supercar-racer-courtney-injured-freak-accident-championship-chase-probably/#comments Fri, 21 Aug 2015 15:00:47 +0000 http://www.thetruthaboutcars.com/?p=1149593 V8 Supercar racer James Courtney was injured when an Australian Navy helicopter fly-over dislodged debris near pitlane, which struck and injured the racer, media in Australia is reporting. Courtney was transported to a local hospital with relatively minor injuries, but is expected to remain there for several days, effectively ending his race weekend. Courtney is currently fifth […]

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James Courtney

V8 Supercar racer James Courtney was injured when an Australian Navy helicopter fly-over dislodged debris near pitlane, which struck and injured the racer, media in Australia is reporting.

Courtney was transported to a local hospital with relatively minor injuries, but is expected to remain there for several days, effectively ending his race weekend. Courtney is currently fifth in the championship standings with five races to follow this weekend’s Sydney Motorsports Park SuperSprint. Courtney’s missed weekend effectively ends his championship run.

According to reports, Courtney was struck with debris when the helicopter performed a low flyover before the event. Courtney reported shortness of breath and minor injuries before his pit crew requested a doctor examine him.

“James puts on a brave face. We have to force him to do the right thing and send him to hospital. I know him better than most people and I could see he was in a lot of pain,” Holden Racing Team chief Adrian Burgess told News.com in Australia.

Other racing teams said the helicopter was flying exceptionally low.

“Madness, just madness,” Triple Eight Racing chief Roland Dane said. “The whole place was shaking like an earthquake. We had all our stuff blowing out of the back of the garage. One bloke in a wheelchair was very lucky he wasn’t hit.”

The Royal Australian Navy said it would investigate the incident.

Courtney was diagnosed with broken ribs and a pneumothorax, which is a pocket of air trapped in the lungs that can partially or completely collapse a lung.

(Photo courtesy V8 Supercars Australia)

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Aston Martin CEO Throws Rocks at Glass House, From Glass House http://www.thetruthaboutcars.com/2015/08/aston-martin-ceo-throws-rocks-glass-house-glass-house/ http://www.thetruthaboutcars.com/2015/08/aston-martin-ceo-throws-rocks-glass-house-glass-house/#comments Thu, 20 Aug 2015 18:00:59 +0000 http://www.thetruthaboutcars.com/?p=1148665 Gearing up to sell its own four-door, all-electric sedan in a couple years, Aston Martin CEO Andy Palmer told well-heeled listeners in Monterey, California that Tesla’s “Ludicrous Speed” was plain ol’ dumb, Automotive News reported. “We don’t do Ludicrous because Ludicrous speed is stupid,” Palmer said. (But selling a variation of a four-door Aston Martin […]

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AstonMartinRapide

Gearing up to sell its own four-door, all-electric sedan in a couple years, Aston Martin CEO Andy Palmer told well-heeled listeners in Monterey, California that Tesla’s “Ludicrous Speed” was plain ol’ dumb, Automotive News reported.

“We don’t do Ludicrous because Ludicrous speed is stupid,” Palmer said.

(But selling a variation of a four-door Aston Martin that’s been on sale for 6 years with a 200-mile range for $200,000 to $250,000? That’s genius.)

Palmer also described Aston Martin’s upcoming DBX, an all-wheel drive crossover four-door that could go on sale as early as 2019. That car could be offered as a plug-in hybrid, an all-gasoline model and eventually as an all-electric vehicle, according to the report.

Few details about the all-electric Rapide were made available, however. The four-door sedan could boast around 800 horsepower and a 200-mile range.

Aston Martin currently sells the gasoline Rapide for just over $200,000 in the U.S. Tesla’s Model S P85D with Ludicrous Speed update costs $118,000 before incentives.

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Hospital Hero Batman Struck, Killed After Batmobile Breaks Down http://www.thetruthaboutcars.com/2015/08/hospital-hero-batman-struck-killed-batmobile-breaks/ http://www.thetruthaboutcars.com/2015/08/hospital-hero-batman-struck-killed-batmobile-breaks/#comments Mon, 17 Aug 2015 20:00:28 +0000 http://www.thetruthaboutcars.com/?p=1144129 Lenny Robinson, a 51-year-old man who dressed up as Batman in a black Lamborghini Gallardo and visited sick children in hospitals dressed as the superhero, was struck and killed on Interstate 70 on Sunday, the Washington Post is reporting. The man, who became an Internet star after a video (video below) of his encounter with Montgomery […]

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Lenny Robinson, a 51-year-old man who dressed up as Batman in a black Lamborghini Gallardo and visited sick children in hospitals dressed as the superhero, was struck and killed on Interstate 70 on Sunday, the Washington Post is reporting.

The man, who became an Internet star after a video (video below) of his encounter with Montgomery County (Maryland) police made the rounds, was returning from a car show in West Virginia when his Lamborghini was struck.

The so-called “Route 29 Batman” lived outside of Baltimore and delivered toys and books to children around Maryland and Washington D.C.

According to the report, Robinson had left a gas station near Hagerstown, Maryland where he met a local family and delivered toys to a child interested in his car. According to Jalopnik, Robinson had received a replica of the 1960s Batmobile in 2012, although it isn’t clear from reports what car he was driving.

Robinson’s car had broken down, according to witnesses, and he was checking the engine when a Toyota Camry struck the car and Robinson. He was pronounced dead at the scene. No charges have been filed.

Robinson was closely affiliated with the Hope for Henry Foundation, which visits sick children in hospitals.

(Photo courtesy Facebook)

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The California Air Resources Board, the Automakers, and You http://www.thetruthaboutcars.com/2015/08/california-air-resources-board-automakers/ http://www.thetruthaboutcars.com/2015/08/california-air-resources-board-automakers/#comments Tue, 11 Aug 2015 18:00:04 +0000 http://www.thetruthaboutcars.com/?p=1138418 Last week, Bloomberg Business profiled the one woman who may have more influence in the automaking universe for the next decade than any other person on the planet. California Air Resources Board Chairwoman Mary Nichols’ story about running the nation’s most stringent air quality standards board is compelling, fascinating and terrifying — if you’re an automaker. […]

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Mary Nichols

Last week, Bloomberg Business profiled the one woman who may have more influence in the automaking universe for the next decade than any other person on the planet.

California Air Resources Board Chairwoman Mary Nichols’ story about running the nation’s most stringent air quality standards board is compelling, fascinating and terrifying — if you’re an automaker.

The state’s ambitious goal of reducing greenhouse gases 80 percent by 2050 is met by an equally ambitious — and onerous — goal for automakers: don’t sell new cars with internal combustion engines in California by 2030.

“If the federal government can’t get it right, we in Cal­ifornia are going to take care of busi­ness,” California Governor Jerry Brown said in an April speech.

Brown tabbed Nichols to run the air quality board during his first stint as California governor in the late 1970s and then rehired her when he was elected to the position again a few years ago.

In her first run, the story points out, Nichols forced automakers to put catalytic converters on their cars to cut down on smog in California cities. General Motors said it would sink them. It didn’t. (Eds note: The Citation did.) 

Now, before the ambitious 2030 goal, Nichols is forcing automakers to comply with her rules — even if it costs them millions. Fiat Chrysler Automobiles chief Sergio Marchionne famously told people not to buy his Fiat 500e because it cost him $10,000.

What’s more, Nichols has the ear of the feds and emerging countries on how best to reduce pollution and greenhouse gases and it could force automakers’ hands into quickly building cars that would comply with more stringent standards. Her policies have scale, too: California is the world’s eighth-largest economy.

Under current rules, zero-emission vehicles sales would need to ramp up in California by 2018, with the eventual goal of having 1.5 million electric cars on the road by 2022, although the automakers have been stockpiling a significant amount of credits to offset that.

Bloomberg’s excellent profile, paired with the LA Times’ in-depth look at Nichols last year, draw a picture of the woman who may further upend the automotive world in the next decade.

Neither story directly forecast how the regulations she’s helping bring forward would impact consumers, but a cursory look at the history of how automakers complied with regulations she worked on (at least, in part) 40 years ago reads like a list of carmaker “must-haves” today: catalytic converters, fuel injection, unleaded fuel, ECUs and oxygen sensors.

(Photo courtesy California Air Resources Board)

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Higher Octane Could Solve All of Our Problems http://www.thetruthaboutcars.com/2015/08/higher-octane-solve-problems/ http://www.thetruthaboutcars.com/2015/08/higher-octane-solve-problems/#comments Fri, 07 Aug 2015 19:00:36 +0000 http://www.thetruthaboutcars.com/?p=1136298 Speaking at a conference this week, EPA exec Christopher Grundler said automakers have asked for higher octane fuels for higher compression tolerance and more powerful engines, Automotive News is reporting. Speaking at the CAR Management Briefing Seminar series, Grundler said the EPA has the authority to regulate fuel, but that the agency would investigate whether it […]

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E10 + 100 Percent Gasoline at the Pump

Speaking at a conference this week, EPA exec Christopher Grundler said automakers have asked for higher octane fuels for higher compression tolerance and more powerful engines, Automotive News is reporting.

Speaking at the CAR Management Briefing Seminar series, Grundler said the EPA has the authority to regulate fuel, but that the agency would investigate whether it would make sense to offer the higher-grade fuel. Grundler is the agency’s director of the Office of Transportation and Air Quality.

(Note to Grundler: You seem like a smart guy. Why can’t we all have race fuel all the time?)

Drivers would have to pay more at the pump, Grundler said, which would make regulating higher octane fuel more difficult to swallow.

However, as more manufacturers turn to turbocharging smaller displacement engines with higher compression ratios, the engines themselves could become more powerful and applicable to a larger range and car size. But will they last?

For example, Mercedes Benz’s 2-liter, turbocharged engine produces 177.5 hp/l, a figure that was almost unheard of in mass-produced passenger cars 20 years ago. The fleet averages though, still hover around 100 hp/l.

Grundler said the EPA would investigate whether higher-octane fuels, or something probably not as exciting, would help manufacturers continue to build bigger, heavier, safer cars, but with more efficient, smaller, fuel-sipping engines.

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Good News: 3D-printed Aston Martin Project is Back On http://www.thetruthaboutcars.com/2015/08/good-news-3d-printed-aston-martin-project-back/ http://www.thetruthaboutcars.com/2015/08/good-news-3d-printed-aston-martin-project-back/#comments Thu, 06 Aug 2015 21:00:03 +0000 http://www.thetruthaboutcars.com/?p=1135610 Ivan Sentch, the New Zealander who is 3D printing an Aston Martin DB4 and building the car in his garage, is back at it after a two-year hiatus, he told us today. In an email, Sentch said he’s moved into a new house and is bringing the car back into the garage where he’ll pick […]

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3d-printed Aston Martin

Ivan Sentch, the New Zealander who is 3D printing an Aston Martin DB4 and building the car in his garage, is back at it after a two-year hiatus, he told us today.

In an email, Sentch said he’s moved into a new house and is bringing the car back into the garage where he’ll pick at the project, bit by bit, until he’s done.

“It’ll just be a couple of hours at night after the kids go to sleep but you’d be surprised how much you can get done doing just a little bit each day,” said Sentch.

Kinda puts our Facebook meandering before bed to shame, really. 

Sentch said he has the remaining body panels printed, but that he’s far from done with the project. He’ll need to finish the mold, shape the body from fiber glass and insert the mechanicals, from which he’s taking from a 1993 Nissan Skyline GT-S.

3d-printed Aston Martin

Besides being an automotive hero, Sentch is just a programmer with a solidoodler who really wanted an Aston Martin DB4. After he’s done with the plug, he’ll have about five years left to go, he estimates.

That’s just the best news all day.

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TrueCar CEO Scott Painter Will Step Down http://www.thetruthaboutcars.com/2015/08/truecar-ceo-scott-painter-will-step/ http://www.thetruthaboutcars.com/2015/08/truecar-ceo-scott-painter-will-step/#comments Thu, 06 Aug 2015 20:45:43 +0000 http://www.thetruthaboutcars.com/?p=1135586 TrueCar CEO Scott Painter will leave the company at the end of this year, Automotive News is reporting. Painter announced he was leaving the company after TrueCar announced it had lost $14.7 million in the second quarter on $65.3 million revenue. “After a decade of building TrueCar from an idea into a public company, I […]

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Scott Painter - Picture courtesy venturebeat.com

TrueCar CEO Scott Painter will leave the company at the end of this year, Automotive News is reporting.

Painter announced he was leaving the company after TrueCar announced it had lost $14.7 million in the second quarter on $65.3 million revenue.

“After a decade of building TrueCar from an idea into a public company, I have come to the conclusion reached by many founders and entrepreneurs in my position: It is time for a change.” Painter said in a statement according to Automotive News.

Painter will remain on the company’s board of directors.

It’s been a tough year for Painter and TrueCar.

In July, AutoNation announced it would sever ties with the online auto-buying tool. Representatives from AutoNation said TrueCar wanted sales data from all its car sales — not just the ones directly attributable to TrueCar. TrueCar representatives said the company asked AutoNation for fees that it was charging other dealerships for its service.

Also, a lawsuit brought by 100 dealers this month alleged that TrueCar engaged in deceptive business practices by not disclosing that it was charging dealers $299 to $399 for each car sold, a cost that would presumably be passed along to customers.

A replacement for Painter has not yet been announced.

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Campbell Points Fingers At Kett, Manley, Marchionne in Defense http://www.thetruthaboutcars.com/2015/08/campbell-points-fingers-at-kett-manley-marchionne-in-defense/ http://www.thetruthaboutcars.com/2015/08/campbell-points-fingers-at-kett-manley-marchionne-in-defense/#comments Sun, 02 Aug 2015 16:00:32 +0000 http://www.thetruthaboutcars.com/?p=1131633 The court case against former FCA Australia executive Clyde Campbell is turning into a veritable who’s-who of decision makers at the company, reports The Age. Campbell, who is charged with misappropriation of $30 million AUD of company funds, claims he had verbal permission from recently departed FCA executive John Kett, current company hotshot Mike Manley, and […]

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The court case against former FCA Australia executive Clyde Campbell is turning into a veritable who’s-who of decision makers at the company, reports The Age.

Campbell, who is charged with misappropriation of $30 million AUD of company funds, claims he had verbal permission from recently departed FCA executive John Kett, current company hotshot Mike Manley, and head of FCA Sergio Marchionne.

Campbell’s statement of defense comprises of many claims about instructions received by him from executives further up the chain of command.

One item of contention has to do with dealerships owned by formerly disgraced Mercedes executive Ernst Lieb and business partner David Piva. Campbell authorized payments from FCA to the pair to buy dealerships in Australia in order to increase FCA sales in Australia to 20,000 units per year by any means necessary.

From The Age:

Mr Campbell claims he authorised that expenditure on the instructions of Mr Manley, who “implied by a direction to increase FCA’s dealerships to 100 by June 2012″ that such deals were needed.

According to Mr Campbell, at a management meeting in Shanghai in 2012, Mr Manley told him FCA needed to match the sales volume of Kia and Volkswagen in Australia.

Mr Campbell claims he replied that Kia and Volkswagen had more dealerships and FCA was trying to expand its dealership network. 

According to the court documents, Mr Manley replied with words to the effect: “I’m sick of this excuse. Get 100 dealerships by June next year or you’re out of a job. I don’t care how you do it, I don’t care how much it costs, just get it done. All your marketing is being wasted if you do not have a dealer network to deliver on it”.

Campbell also claims he received “implicit instructions” from Sergio Marchionne and former executive John Kett.

It should be mentioned many of the claims made by Campbell lack supporting evidence.

Other deals as part of the case include the purchase of a plane painted in Alfa Romeo livery (pictured) and a $400,000 Chris Craft yacht.

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Richard Rawlings Is Fast N’ Loud N’ Pouring Light http://www.thetruthaboutcars.com/2015/07/fast-n-loud-n-pouring-light/ http://www.thetruthaboutcars.com/2015/07/fast-n-loud-n-pouring-light/#comments Wed, 29 Jul 2015 15:00:14 +0000 http://www.thetruthaboutcars.com/?p=1127857 Thomas Kreutzer’s original post about Discovery’s Fast N’ Loud is one of the most popular articles in TTAC history, for reasons that completely escape me. I’ve never been able to watch more than five minutes of the show. I also have a healthy dose of contempt for the show’s star, Richard Rawlings, and his entirely […]

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PATRON-SILVER-750ML

Thomas Kreutzer’s original post about Discovery’s Fast N’ Loud is one of the most popular articles in TTAC history, for reasons that completely escape me. I’ve never been able to watch more than five minutes of the show. I also have a healthy dose of contempt for the show’s star, Richard Rawlings, and his entirely unsupported claim of a “new Cannonball record” a few years ago. To claim a “Cannonball record” for driving a different route from Brock’s original and then to approach the matter of actual proof with a the-dog-ate-my-homework mindset… well, that’s like telling people that you’re the lead singer in a Justin Bieber cover band but that you can’t actually sing quite like the Biebs and you also forgot to put up any YouTube videos of your performances. What’s the point?

Regardless of the merits of the TV show or the tattoo-commemorated record, however, one thing you cannot deny is that Mr. Rawlings is an extremely sharp businessman and entrepreneur who maximizes his profit from every opportunity. And the latest news from Dallas might be further proof of that.

To capitalize on his fame from “Fast N’ Loud”, Rawlings opened up a bar in 2013. One can only assume that it’s patronized by middle-aged, middle-management men who like a bit of the ol’ leather biker cosplay on the weekends. But if those patrons want Patron, they might want to be careful. According to the Texas Alcoholic Beverage Commission, Rawlings’ operation is playing fast n’ loose with the liquor:

The operation, the first ever of its kind, identified that at least five Dallas-Fort Worth Bars had, on at least on occasion, served counterfeit booze to its customers. At present, the only Dallas bar that has been identified is Gas Monkey Bar N’ Grill.

Not to worry, the bar has an explanation:

“One explanation could be that Patron is served chilled, which can water down the product if testing wasn’t done immediately,” says Mendonsa. “We would never refill bottles with a cheaper alternative or serve a cheaper liquor in place of premium. Not only is that unethical, but also because it puts too much at risk — our liquor permit and our reputation are only two examples. We are too high-profile to take such extreme measures to save a few nickels.”

This explanation, which is more or less taken from a Seinfeld episode featuring George Costanza, did not prevent the TABC from issuing a warning to Gas Monkey. While it’s difficult to muster sympathy for any semi-human being whose idea of a good time is heading over to the ol’ Gas Monkey and ordering up some Patron, there’s a genuine sense of appropriate irony to the whole thing. In a world where “reality TV” is tacitly acknowledged to be unreal, and someone can build a public identity around a street-racing accomplishment of dubious provenance and minimal documentation, why would anybody think that the “top-shelf” liquor they’re getting is authentic? And if you’re the kind of person who prides himself on demanding authenticity in tequila at a bar in Dallas, why haven’t you jumped off the top of a building yet, just for the sake of the rest of humanity?

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Accavitti Out, Ikeda Promoted Up To Acura’s Top Spot http://www.thetruthaboutcars.com/2015/07/accavitti-out-ikeda-promoted-up-to-acuras-top-spot/ http://www.thetruthaboutcars.com/2015/07/accavitti-out-ikeda-promoted-up-to-acuras-top-spot/#comments Tue, 28 Jul 2015 21:00:16 +0000 http://www.thetruthaboutcars.com/?p=1127065 Acura head honcho Michael Accavitti (left) is head honcho no more. Honda’s luxury brand will now be led by former Division Director of Auto Design at Honda R&D Americas, Jon Ikeda (right), an industrial designer responsible for the 2004 Acura TL. Ikeda will assume the top post, Vice President and General Manager of the Acura […]

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2013 Detroit Auto Show

Acura head honcho Michael Accavitti (left) is head honcho no more. Honda’s luxury brand will now be led by former Division Director of Auto Design at Honda R&D Americas, Jon Ikeda (right), an industrial designer responsible for the 2004 Acura TL.

Ikeda will assume the top post, Vice President and General Manager of the Acura Division, effective immediately as Accavitti is no longer with the company.

Accavitti joined Honda in 2011 as its chief marketing officer and was given his most recent title in April 2014, putting his tenure at the top of Acura at 15 months. He was also CEO of Dodge for a grand total of four months in 2009.

Ikeda has been with Honda since 1989.

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Have You Seen Grandmaster Flash’s Dodge Charger? http://www.thetruthaboutcars.com/2015/07/seen-grandmaster-flashs-dodge-charger/ http://www.thetruthaboutcars.com/2015/07/seen-grandmaster-flashs-dodge-charger/#comments Mon, 27 Jul 2015 20:00:33 +0000 http://www.thetruthaboutcars.com/?p=1125929 Legendary DJ and hip-hop artist Grandmaster Flash is asking fans for help in finding his Dodge Charger that he said was “given away” at a New York parking garage July 16, ABC News is reporting. Grandmaster Flash, whose real name is Joseph Saddler, asked for help Sunday on his social media accounts, saying he dropped his white […]

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Grandmaster Flash Dodge Charger

Legendary DJ and hip-hop artist Grandmaster Flash is asking fans for help in finding his Dodge Charger that he said was “given away” at a New York parking garage July 16, ABC News is reporting.

Grandmaster Flash, whose real name is Joseph Saddler, asked for help Sunday on his social media accounts, saying he dropped his white Dodge Charger off and returned two hours later July 16 to discover a parking attendant had given the car to someone else who looked like Saddler.

According to ABC News, Saddler reported the car as stolen to the NYPD on July 16, three hours after the incident happened. Saddler said the car was full of vinyl records and equipment.

Saddler said the parking lot attendant released the car without a parking stub or identification.

The owner of the garage said the attendant who mistakenly gave away Saddler’s car has been fired.

On Sunday, Saddler said the car has not yet been returned.

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Former NHTSA Boss Blocked From Testifying in Toyota Case http://www.thetruthaboutcars.com/2015/07/former-nhtsa-boss-blocked-testifying-toyota-case/ http://www.thetruthaboutcars.com/2015/07/former-nhtsa-boss-blocked-testifying-toyota-case/#comments Sun, 12 Jul 2015 15:00:40 +0000 http://www.thetruthaboutcars.com/?p=1113617 The National Highway Traffic Safety Administration is blocking former chief David Strickland from testifying in a California civil lawsuit for Toyota on issues regarding its push-button start systems in some of its cars. According to the Detroit News, NHTSA officials told lawyers in a letter that Strickland would be barred from testifying in the case as an […]

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All you need is love. Strickland. Picture courtesy detnews.comThe National Highway Traffic Safety Administration is blocking former chief David Strickland from testifying in a California civil lawsuit for Toyota on issues regarding its push-button start systems in some of its cars.

According to the Detroit News, NHTSA officials told lawyers in a letter that Strickland would be barred from testifying in the case as an expert witness.

“The agency has been roundly criticized for its relationship with Toyota in terms of recent enforcement actions, particularly regarding unintended acceleration,” NHTSA’s lawyer wrote in the letter. “Given this history, Mr. Strickland’s testimony as a former NHTSA administrator describing Toyota’s actions or conduct in this matter with approval, will likely diminish the agency’s ability to pursue a vigorous enforcement review of Toyota moving forward.”

Congress has said NHTSA wasn’t tough enough on Toyota when it looked into issues that its push-button start system could leave cars running without the keys present.

Toyota said it asked Strickland to testify on general matters in the lawsuit, but the agency barring the former administrator to testify is being praised as a harder line for what people say is a too-familiar relationship between former safety officials and automakers.

“For too long there has been a revolving door at NHTSA which allowed former NHTSA employees to seek lucrative employment with the same auto manufacturers they had at one time been charged with regulating,” Christine Spagnoli, a lawyer for the owners suing Toyota, told the Detroit News. “Hopefully, the denial of Mr. Strickland’s request to testify on behalf of Toyota is a sign that the new administrator recognizes that these historically cozy relationships between agency employees and the companies they are charged with regulating often results in undermining public trust.”

After leaving NHTSA in 2014, Strickland joined a Washington D.C.-based law firm that has also represented Fiat Chrysler. Former NHTSA officials are not allowed to directly lobby for automakers for two years after leaving the safety administration.

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Good Samaritans Can Break Windows to Save Dogs in Tennessee http://www.thetruthaboutcars.com/2015/07/good-samaritans-can-break-windows-save-dogs-tennessee/ http://www.thetruthaboutcars.com/2015/07/good-samaritans-can-break-windows-save-dogs-tennessee/#comments Thu, 09 Jul 2015 21:00:33 +0000 http://www.thetruthaboutcars.com/?p=1112305 Passersby can now break a window to save a dog from dying inside a car on a hot day in Tennessee, according to Time. That state added to its “Good Samaritan” law to include protecting pups from sweltering heat by breaking a window. According to the Humane Society, a car can heat up in 30 minutes […]

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Passersby can now break a window to save a dog from dying inside a car on a hot day in Tennessee, according to Time.

That state added to its “Good Samaritan” law to include protecting pups from sweltering heat by breaking a window. According to the Humane Society, a car can heat up in 30 minutes to nearly 120 degrees inside if the outside temperature is 85 degrees.

According to the new law, people should reasonably search for the owner of the car or notify police before breaking the car’s window. Bark Post reports that 16 states have similar laws on the books.

 

Although Colorado doesn’t have a Good Samaritan law specifically protecting people from saving pets, a spokeswoman with the Denver Police Department said a passerby may break a car window to save an animal after calling animal control. Nearly every state offers protection to Good Samaritans breaking windows to save children.

A woman in Georgia recently dropped charges against a man who broke her window to save a dog after a local dealership offered to replace her window for free.

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Suzuki CEO Appoints Toshihiro Suzuki To President, COO Roles http://www.thetruthaboutcars.com/2015/06/suzuki-ceo-appoints-toshihiro-suzuki-to-president-coo-roles/ http://www.thetruthaboutcars.com/2015/06/suzuki-ceo-appoints-toshihiro-suzuki-to-president-coo-roles/#comments Tue, 30 Jun 2015 16:00:48 +0000 http://www.thetruthaboutcars.com/?p=1102817 Suzuki chairman and CEO Osamu Suzuki announced Tuesday the appointment of his son and likely successor, Toshihiro Suzuki, to the role of president. Toshihiro’s appointment is part of Osamu’s plan of bringing aboard a younger management team over the next five years to guide the company, Automotive News reports, with Osamu overseeing the changeover: We […]

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Osamu and Toshihiro Suzuki

Suzuki chairman and CEO Osamu Suzuki announced Tuesday the appointment of his son and likely successor, Toshihiro Suzuki, to the role of president.

Toshihiro’s appointment is part of Osamu’s plan of bringing aboard a younger management team over the next five years to guide the company, Automotive News reports, with Osamu overseeing the changeover:

We thought we needed to rejuvenate ourselves, and in that case it would be best if I left first. But I am so full of conceit that I cannot do that.

Osamu took on the mantle of president and chief operations officer following Hiroshi Tsuda’ 2008 resignation over poor health. His son, who observers see as his successor since the 2007 passing of son-in-law Hirotaka Ono, will take the mantle July 1.

Toshihiro headed the company’s Iwata factory west of Tokyo and managed mini and compact car production at Kosai early in his career, after which he acted as the company’s liaison at General Motors beginning in 2001. There, he helped facilitate exchanges of technology between the two companies, including those surrounding a jointly developed FCV. GM would divest itself of its 20 percent of Suzuki by 2008, a decade after first agreeing to a joint venture with the company.

Whether Toshihiro or another ultimately takes the helm of Suzuki, Osamu’s successor will have much to carry upon their shoulders, such as defending its stronghold in India while pursuing newer markets, and acquiring financing via new partnerships for new, greener powertrain technologies. They will also have the burden of handling the fallout from the dissolution of the company’s partnership with Volkswagen; the case recently finished arbitration, with both parties awaiting a ruling.

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Marchionne Not Yet Ready For GM, Fields Not Interested In Any Merger http://www.thetruthaboutcars.com/2015/06/marchionne-not-yet-ready-for-gm-fields-not-interested-in-any-merger/ http://www.thetruthaboutcars.com/2015/06/marchionne-not-yet-ready-for-gm-fields-not-interested-in-any-merger/#comments Fri, 26 Jun 2015 20:00:09 +0000 http://www.thetruthaboutcars.com/?p=1100777 FCA CEO Sergio Marchionne says he’s not ready to court General Motors’ shareholders for a merger, while Ford’s Mark Fields prefers no mergers at all. Though Marchionne was said to be gathering allies in the finance field to help persuade GM’s investors to consider consolidation — having been rebuffed already by CEO Mary Barra — […]

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Fiat 500 At Tuscany Wedding Circa April 2014

FCA CEO Sergio Marchionne says he’s not ready to court General Motors’ shareholders for a merger, while Ford’s Mark Fields prefers no mergers at all.

Though Marchionne was said to be gathering allies in the finance field to help persuade GM’s investors to consider consolidation — having been rebuffed already by CEO Mary BarraReuters says he stated the following while on the sidelines at Wednesday’s unveiling of the Alfa Romeo Guilia:

We are very far removed from any of those scenarios today. None of my staff has spoken to them, I haven’t spoken to them, nobody is under instruction to speak to them.

When asked about the possibility of going hostile in his ongoing need for industry consolidation, Marchionne’s reply was to proclaim those who “kept wasting capital” were the ones meting out the hostility.

One such individual would likely be Fields. Per The Detroit Bureau, the Ford CEO told reporters attending the annual Further With Ford conference mergers with any automaker, let alone FCA, were out of the question:

We have no interest or plan other than accelerating the One Ford Plan; delivering product excellence and driving innovation in every part of our business. We are never going to take our eye off of being a great developer of cars, trucks and utility vehicles.

Fields added he would consider ways to improve his company’s overall business model, stating it was important for Ford “to open up that lens” in order to lead the industry towards betterment.

(Photo credit: Monica Arellano-Ongpin/Flickr/CC BY 2.0)

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Takata’s Shigehisa Takada Sees Dramatic Pay Cut For 2014 http://www.thetruthaboutcars.com/2015/06/takatas-shigehisa-takada-sees-dramatic-pay-cut-for-2014/ http://www.thetruthaboutcars.com/2015/06/takatas-shigehisa-takada-sees-dramatic-pay-cut-for-2014/#comments Fri, 26 Jun 2015 16:00:40 +0000 http://www.thetruthaboutcars.com/?p=1100577 While some Japanese CEOs are doing well for themselves in compensation, Takata’s Shigehisa Takada took a dramatic cut in pay for 2014. Shown Friday, the supplier’s regulatory filing found Takada took home less than ¥100 million ($810,373 USD) in 2014, Reuters notes. The figure pales to his compensation during FY 2013, when he was given […]

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While some Japanese CEOs are doing well for themselves in compensation, Takata’s Shigehisa Takada took a dramatic cut in pay for 2014.

Shown Friday, the supplier’s regulatory filing found Takada took home less than ¥100 million ($810,373 USD) in 2014, Reuters notes. The figure pales to his compensation during FY 2013, when he was given ¥206 million ($1.67 million).

The exact amount paid in FY 2014 wasn’t disclosed, however; the Japanese government only requires full disclosure of compensation above ¥100 million.

Takada’s pay cut — and those of Takata’s other five directors — is in part over the failings over the handling of the airbag recall crisis affecting several million vehicles and 10 automakers. Takada issued an apology over the matter Thursday following the company’s annual shareholders meeting, and said he and the directors would give back part of their pay as a result.

Per a representative, Takada would see a reduction of 25 percent for the year ending this March, while the five directors would give back 20 percent of their compensation.

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Lowrider Magazine Founder Sonny Madrid Dead At 70 http://www.thetruthaboutcars.com/2015/06/lowrider-magazine-founder-sonny-madrid-dead-at-70/ http://www.thetruthaboutcars.com/2015/06/lowrider-magazine-founder-sonny-madrid-dead-at-70/#comments Thu, 25 Jun 2015 20:00:47 +0000 http://www.thetruthaboutcars.com/?p=1100041 The founder of Lowrider magazine, Sonny Madrid, died Monday at 70. The San Jose, Calif. native founded the iconic magazine during the mid-1970s, Hemmings Daily reports, when two events linked to his previous magazines — published as a student at San Jose State University — provided the seed capital needed to launch the first issue […]

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Sonny MadridThe founder of Lowrider magazine, Sonny Madrid, died Monday at 70.

The San Jose, Calif. native founded the iconic magazine during the mid-1970s, Hemmings Daily reports, when two events linked to his previous magazines — published as a student at San Jose State University — provided the seed capital needed to launch the first issue in January 1977.

From there, Madrid and his staff sought to connect every last independent lowrider community as they could, with Madrid leaving the Bay Area in his 1954 Chevrolet sedan delivery to promote the magazine in locales like East Los Angeles — where lowriders began — New Mexico and Texas; the staff expanded outreach further east.

Madrid was also key in the decision to add pin-ups to the front of every issue of Lowrider, beginning with the November 1979 issue. Despite the initial outcry from both male and female readers, magazine sales climbed 15 percent to 20 percent, per figures reported in Charles M. Tatum’s book, “Lowriders in Chicano Culture: From Low to Slow to Show.”

Overall, Madrid’s Lowrider not only covered and helped to grow the lowrider scene, but also promoted the music, fashion and culture surrounding it. However, the original magazine would fold after the December 1985 issue over financial difficulties. The resurrected Lowrider returned in 1988 after former staffer Alberto Lopez bought the magazine from Madrid; Lopez later sold the magazine to publisher McMullen Argus in the late 1990s.

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Julie Hamp Could Face Criminal Intent Charges Over Controlled Drug Importation http://www.thetruthaboutcars.com/2015/06/julie-hamp-could-face-criminal-intent-charges-over-controlled-drug-importation/ http://www.thetruthaboutcars.com/2015/06/julie-hamp-could-face-criminal-intent-charges-over-controlled-drug-importation/#comments Thu, 25 Jun 2015 16:15:01 +0000 http://www.thetruthaboutcars.com/?p=1100065 Toyota PR exec Julie Hamp isn’t having the best time in Japan right now, and the situation could worsen thanks to the nation’s strict drug importation laws. As explained by Jalopnik‘s Kat Callahan, Japan requires users of any controlled substance brought into the nation to walk in a limited amount of the prescribed meds before […]

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Julie Hamp Not In BlackToyota PR exec Julie Hamp isn’t having the best time in Japan right now, and the situation could worsen thanks to the nation’s strict drug importation laws.

As explained by Jalopnik‘s Kat Callahan, Japan requires users of any controlled substance brought into the nation to walk in a limited amount of the prescribed meds before customs, declare the drugs, and present a doctor’s note translated into Japanese before they can be allowed into one’s medicine cabinet. Otherwise, narcotics like the Oxycodone brought in by Hamp are verboten, and cannot even be sold by or found in a pharmacy in Japan; they can’t also be mailed.

Non-controlled drugs, meanwhile, don’t need a translated note, but must now be walked in and declared, and only a one-month supply is allowed to enter the country.

While Hamp could attempt to plead ignorance on the laws of the land, her case would need to depend on her not hiding the Oxycodone in a box marked “Necklaces” among a ton of toy necklaces, and thus, avoiding customs declarations in so doing. Unfortunately, this is the scenario which played out, giving prosecutors the ability to declare criminal intent on the part of Hamp; it’s also why Toyota’s HQ was raided by police a few days ago.

Should the criminal intent charge stick, Hamp would be in prison for a long time before finally given the boot out of the country for the rest of her life.

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Takata’s Shigehisa Takada Publicly Apologizes For Airbag Crisis http://www.thetruthaboutcars.com/2015/06/takatas-shigehisa-takada-publicly-apologizes-for-airbag-crisis/ http://www.thetruthaboutcars.com/2015/06/takatas-shigehisa-takada-publicly-apologizes-for-airbag-crisis/#comments Thu, 25 Jun 2015 14:00:18 +0000 http://www.thetruthaboutcars.com/?p=1099761 Spending a year out of the public eye since Takata’s airbag crisis exploded, president Shigehisa Takada publicly apologized for the situation Thursday. Following the supplier’s annual shareholders meeting — where he made his last public appearance a year earlier — Takada bowed and apologized at a public conference over the eight fatalities and the hundreds […]

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Shigehisa TakadaSpending a year out of the public eye since Takata’s airbag crisis exploded, president Shigehisa Takada publicly apologized for the situation Thursday.

Following the supplier’s annual shareholders meeting — where he made his last public appearance a year earlier — Takada bowed and apologized at a public conference over the eight fatalities and the hundreds of injuries caused by his company’s airbags over the past decade, Automotive News writes:

I apologize for not having been able to communicate directly earlier, and also apologize for people who died or were injured. I feel sorry our products hurt customers, despite the fact that we are a supplier of safety products.

Takada says his company is looking over ways to help those affected by the airbags, including the establishment of a compensation fund.

Meanwhile, shareholders took him to task for disappearing from the public eye instead of facing the music, the slow progress on the investigation into the root cause behind the catastrophic failures of Takata’s airbags, and the lack of dividends.

Regarding the last point, Takada says he hoped dividend payments would resume “as soon as possible” once the crisis was resolved, adding he intends to see through to the end as its president. He declined to speculate as to when the end of the crisis would come, stating “the analysis isn’t progressing very well” as far as the investigation goes.

The apology comes after FCA cut ties with Takata, bringing aboard rival TRW Automotive to supply the 4 million modules needed to replace the defect airbags. The decision was made on the basis Takata would continue to use ammonium nitrate in its airbags — the same chemical linked to the catastrophic failures — whereas TRW uses a safer chemical propellant in its units.

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Toyota’s Akio Toyoda Banked $2.84M In 2014 http://www.thetruthaboutcars.com/2015/06/toyotas-akio-toyoda-banked-2-84m-in-2014/ http://www.thetruthaboutcars.com/2015/06/toyotas-akio-toyoda-banked-2-84m-in-2014/#comments Wed, 24 Jun 2015 18:00:11 +0000 http://www.thetruthaboutcars.com/?p=1099217 In a regulatory filing made Wednesday, Toyota President Akio Toyoda made ¥352 million ($2.84 million USD) in total 2014 compensation. Toyoda’s 2014 payout is split between his standard ¥103 million ($830,000) salary and a bonus of ¥249 million ($2 million), Reuters reports. The 2014 bonus is nearly double the ¥127 million ($1.02 million) paid in […]

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In a regulatory filing made Wednesday, Toyota President Akio Toyoda made ¥352 million ($2.84 million USD) in total 2014 compensation.

Toyoda’s 2014 payout is split between his standard ¥103 million ($830,000) salary and a bonus of ¥249 million ($2 million), Reuters reports. The 2014 bonus is nearly double the ¥127 million ($1.02 million) paid in 2013.

Though Toyoda’s compensation still bests Honda’s Takanobu Ito’s ¥150 million ($1.21 million) thus far, Renault-Nissan’s Carlos Ghosn dominates the Tohosan Zaibatsu on the Nissan side alone, having banked ¥1.035 billion ($8.39 million) in 2014; Renault added €7.2 million ($8.17 million) for his part of the Tricolore Français.

Toyota’s fortunes rose in 2014, as well. The automaker reported a 19 percent boost in net profit for the year ending this March, pulling in a total of ¥2.17 trillion ($17.5 billion), a new record for the third consecutive year.

(Photo credit: Toyota)

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Renault-Nissan’s Carlos Ghosn Banks $16M In 2014 http://www.thetruthaboutcars.com/2015/06/renault-nissans-carlos-ghosn-banks-16m-in-2014/ http://www.thetruthaboutcars.com/2015/06/renault-nissans-carlos-ghosn-banks-16m-in-2014/#comments Tue, 23 Jun 2015 16:00:52 +0000 http://www.thetruthaboutcars.com/?p=1097801 Renault-Nissan CEO Carlos Ghosn did well for himself in 2014, banking around $16 million in compensation compared to the salaries of other automotive CEOs. Breaking down the numbers, Nissan paid Ghosn ¥1.035 billion ($8.39 million USD) during 2014, Reuters says, up 4 percent from what he made in 2013. On the Renault side, Ghosn took […]

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Carlos Ghosn

Renault-Nissan CEO Carlos Ghosn did well for himself in 2014, banking around $16 million in compensation compared to the salaries of other automotive CEOs.

Breaking down the numbers, Nissan paid Ghosn ¥1.035 billion ($8.39 million USD) during 2014, Reuters says, up 4 percent from what he made in 2013. On the Renault side, Ghosn took home €7.2 million ($8.17 million), bringing total compensation to $16.56 million.

Ghosn’s combined paycheck is in line with compensation paid to two of the Detroit Three’s CEOs, where both Ford CEO Mark Fields and General Motors CEO Mary Barra made $16.8 million and $16.2 million respectively at the end of their first year helming their companies. Meanwhile, FCA CEO Sergio Marchionne’s compensation paints a complex portrait, with figures ranging between $8 million and $72 million depending on the source.

Among the rest of the ToHoSan Zaibatsu, Toyota’s Akio Toyoda made ¥229 million ($1.84 million) in 2014, while Honda’s Takanobu Ito brought home ¥150 million ($1.21 million).

In Germany, the Teutonic Trinity’s CEOs took home €6.57 million ($7.35 million – Audi’s Rupert Stadler), €7.25 million ($8.11 million – BMW’s Norbert Reithofer) and €9.35 ($10.5 million – Mercedes’ Dieter Zetsche).

Finally, under the remaining stripes of the Tricolore Français, PSA Peugeot Citroën CEO Carlos Tavares received €2.75 million ($3.07 million).

(Photo credit: Nissan)

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