It happens to all foreign joint venture partners: They are invited to have tea and a chat with representatives of China’s National Development and Reform Commission (NDRC). After the pleasantries are exchanged, the weather has been discussed, and statements of mutual admiration have been made, someone from the NDRC side will say: “Don’t you want to start a Chinese brand? We would really appreciate it.” Who can say no to the wishes of the Chinese government?
The distinction between employees for a private photo enforcement firm and taxpayer-funded public servants blurred in the city of Lynnwood, Washington. Emails between city officials and American Traffic Solutions (ATS) suggest a cozy relationship developed where both sides were willing to perform the duties of the other in terms of marketing and public relations.
Lynnwood Police Sergeant Wayne “Kawika” Davis, for example, used official government resources and time to come up with a marketing plan to sell for the privately held firm at a conference held at the Tulalip Resort Casino in June.
After only 18 months on the job (and he did a good job) Carl-Peter Forster resigned his job as group CEO and managing director of Tata Motors. In a press release, Tata cites “unavoidable personal circumstances”. The industry is scratching their combined heads: What are those reasons? Are they real, or the usual BS? Read More >
There was a time when Bavaria (that’s the south-east of Germany for the geographically challenged) wasn’t known for much more than beer, cows, and King Ludwig’s castle. Now it’s the breeding ground for luxury cars (locally known as the “Premium-Segment”). And the cars breed with wild abandon. Both Audi and BMW report record sales for August. Read More >
Carmakers don’t want to be caught napping when the “next China” is at stake. They are setting their sights on Southeast Asia. Currently en vogue: Indonesia. The country with a population of 237 million has a bullet on the PowerPoints of most major carmakers. Toyota is already there and wants to double down. Read More >
As if Victor Muller doesn’t have enough problems. He has managed to upset Sweden’s state collection agency Kronofogden so much that they are threatening arrest. Muller claimed there is enough money to pay the employees, but if he does that, the state collection agency will get its hands on the money. The collection agency says that Muller has to hand over the cash or go to jail. This quote by Victor Muller sent Hans Ryberg, head of the enforcement agency in Uddevalla to the ceiling: Read More >
Volkswagen and Porsche will need to live in concubinage for a while longer. They will live and work together, they will be seen at parties such as the upcoming IAA in Frankfurt together, they share beds and platforms, but they won’t be officially married. Volkswagen announced today ”that the planned merger with Porsche SE cannot be implemented within the time frame provided for in the Comprehensive Agreement. Nevertheless, all parties remain committed to the goal of creating an integrated automotive group with Porsche and are convinced that this will take place.”
And why are the nuptials delayed? Says Volkswagen: Read More >