Tag: Government

By on June 22, 2015

It’s the kind of disgraceful corruption that would have seen its perpetrators swinging from a tree in a more forthright age: an alleged $2 million bribery program that has already seen a Redflex consultant plead guilty to charges of delivering over $570,000 in cash and other bribes to Chicago’s former managing deputy commissioner of transportation. (Chicago Mayor Rahm Emmanuel, who was long, ahem, a tireless ally of Redflex before reluctantly ending the city contract with the firm when all the evidence on the issue because too obvious to be ignored any further, was re-elected in a runoff election recently.)

But the blood-soaked hands of Redflex, whose cameras often increase accidents at the intersections where they are making money for the company, have been putting money in other pockets outside Chicagoland.

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By on March 25, 2015

Who mugged Toyota? Picture courtesy cafepress.com

In Silicon Valley tech parlance, the acronym “WFIO” stands for “We’re F***ed, It’s Over“. When it comes to the Corporate Average Fuel Economy requirements imposed by the Obama administration in 2012, it’s increasingly looking like that scenario is playing out, as the “nudge” meant to get consumers into more fuel efficient cars has given way to increased purchasing of trucks and SUVs.

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By on March 20, 2015

2015 BMW i3 Range Extender
Some call it a hybrid, some call it an EV. Some have called it a REx, a BEVx, a landmark vehicle in EV production, and others simply call it ugly. One things is for sure however, the 2015 BMW i3 turns more heads in Northern California than a Tesla Model S. Not since I last drove the Jaguar XKR-S have I received as many questions while parked at the gas pump, or visited a gas pump so frequently, but I digress. In a nutshell, the i3 is technically a hybrid or an EV depending on the version you get.

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By on November 5, 2014

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Yesterday’s announcement of record fines for Hyundai and Kia regarding their incorrect fuel economy claims is the strongest message yet that the Department of Justice ” firm commitment to safeguarding American consumers, ensuring fairness in every marketplace, protecting the environment, and relentlessly pursuing companies that make misrepresentations and violate the law.” But if your cars kill scores of people due to neglience, you’re getting off easy.

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By on November 2, 2014

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Aston Martin won a crucial exemption from the U.S. government regarding safety standards, allowing them to continue selling their line-up of sports cars in America.

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By on August 9, 2014

partner-with-us

Following GM Financial’s subpoena from the Department of Justice, Santander Consumer said that it had received a subpoena as well related to

“production of documents and communications that, among other things relate to the underwriting and securitization of nonprime auto loans since 2007,”

 

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By on August 5, 2014

2015-Lexus-NX-Exterior6

Although we’ve covered CAFE and its effects on the new car market before, the launch of the Lexus NX provides us with an interesting example of just how far auto makers will go to have their offerings classified as “light trucks” under the U.S. regulatory scheme which incentivizes manufacturers to offer these sorts of vehicles beyond mere market forces.

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By on May 21, 2014

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An event held at Washington D.C’s Brookings Institute saw FCA CEO Sergio Marchionne and former National Economic Council head Larry Summers discuss the auto bailout on its five-year anniversary. As always, Marchionne had some colorful commentary, with a one interesting nugget about Fiat.

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By on April 10, 2014

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Globally, auto makers spent $17.6 billion on expanding manufacturing facilities – and none of that was spent in Canada.

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By on March 28, 2014

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Via Zero Hedge, we have a listing put up by the Italian government of 1,500 luxury cars that are being auctioned off. Italy, which is deep in the throes of austerity, is doing the wise thing from an optics perspective, as the cars have come to symbolize government waste and unnecessary opulence.

(Read More…)

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