Ghosn to Step Down As Renault CEO Before End of Term

It appears as if Carlos Ghosn will step down as chief executive of Renault prior to the end of his term. While he’ll likely continue serving as chairman of Renault and CEO and chairman of the Renault-Nissan-Mitsubishi Alliance, he’s planning to lighten his load with the French automaker.

Despite having renewed his contract with Renault, which runs until 2022, the 64-year-old executive previously said he’s wearing too many hats. Ghosn stated at the time that he hoped to scale back his workload before retiring. Apparently, the next step in that process involves ditching his day-to-day duties as a chief executive.

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Take a Little Off the Top Come Bonus Time, Mller Tells Volkswagen Management

Volkswagen CEO Matthias Müller is expected to cave to shareholder and labor pressure today and ask that his management board agree to trim their bonuses by 30 percent, insider sources have told Reuters.

Will it satisfy dealers and vehicle owners stuck with depreciated rolling stock? Not. Bloody. Likely.

The request, if it comes to pass, comes after workers unions and the state of Lower Saxony (Volkswagen’s home and its second-largest shareholder) protested the idea of senior management receiving full compensation while the diesel emissions scandal continues to rage.

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Please, Ladies, No Haggling

No-haggle pricing! It’s kind of the zombie of the auto industry. How, you ask? Well:

  • Touching it makes your dealership sick
  • It periodically comes back from the dead
  • The nerd/geek crowd loves to talk about it
  • It doesn’t actually exist

It’s also typically something that’s embraced by losers, whether the “loser” in question is a troubled dealership trying to remake its image after a complete decapitation of the leadership/ownership, a troubled brand trying to differentiate itself ( Scion), or a troubled automaker clutching at straws in the face of overwhelming competition (General Motors, with Saturn). But Lexus, the latest brand to give it a shot, doesn’t know the meaning of the word “loser”. Its lineup is bulletproof, both in terms of durability and customer perception. Its dealers are obscenely profitable and generally immune to the worst of the customer-abuse excesses for which mainline Toyota stores are justifiably famous.

So why jump on a strategy that has never, ever worked for any brand that doesn’t own the majority of its retail outlets? Perhaps the answer has something to do with Ellen Pao.

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  • Rover Sig Market placement: One good (large) car, one good (mid-sized) SUV, plus the Escalade (because).Attention to detail. I see nice looking caddies with some ugly features (wheels, trim). I don't know about interiors because no one I know has a caddie.The world does not need another BMW. Not everybody is in sales. Cadillac could be selling cars to all of us Boomers, who remember the large Oldsmobiles, Buicks, Mercuries, etc., of yesteryear and their comfort and, yes, style of a sort.
  • Tassos Back in my day, Nissans were the choice for forward-thinking, progressive folks who appreciated quality and innovation. But now? Seems like they're just for those who can't afford better. It's a shame to see a brand with such promise become the go-to for the budget-conscious (POORS!) crowd. Makes you wonder what happened to standards and aspirations. Guess you can't expect much from a generation that thinks a Nissan is a status symbol.
  • MaintenanceCosts The 2024 Lincoln Nautilus is actually doing what Cadillac ought to do to the XT5. Giant wraparound screen, very showy interior with fancy materials, new emphasis on quiet.
  • Tassos You know, back when cars were built to last, we didn't have all this fuss about "new car smell" being toxic. It's just another liberal conspiracy to make us fear everything, including the scent of American ingenuity. If you ask me, it's all a ploy by Big Government to regulate every aspect of our lives, right down to the air we breathe in our own cars. Give me freedom over a fake fragrance any day! BIDEN NEW CAR SMELLS
  • Aja8888 I love my new car smell as it's better than smelling the refineries and chemical plants around me here in Houston.