Headhunter Casey Abel spent four months trying to hire a data-center architect for a Japanese automaker, including five meetings with the client — one with the top executive. In the end, the IT specialist joined an e-commerce company abroad for significantly more money.
Category: Automakers
Auto Sales Could Surpass 2015 U.S. Record — Barely
The final days of 2016 will likely determine whether 2015’s U.S. sales record will stand or fall. Regardless December sales figure to show an industry flattening but not in decline It is coming down to the final hours of 2016 as automakers race to top 2015’s record of 17.4 million U.S. units sold.
Toyota Hybrid Bet Pays Off as Dieselgate Spurs Europe Demand
For years, Toyota Motor Corp. focused on pushing its hybrid models in Europe, avoiding a diesel-for-diesel competition with market leaders including Volkswagen AG. The Japanese carmaker’s strategy is finally paying off.
VW Buys Mobile-Payment Provider PayByPhone for Parking Services
Volkswagen AG bought North American parking-payment operator PayByPhone in the latest move by Europe’s biggest carmaker to expand from manufacturing into mobility services. The purchase of Vancouver-based PayByPhone, which processed more than $250 million in transactions this year, will turn the German company’s Volkswagen Financial Services unit into the leader in mobile payments for parking, the automaker said Wednesday in a statement.
Jaguar Owner’s Investors Vote to Oust Independent Director Wadia
Shareholders of Tata Motors Ltd. voted to oust independent director Nusli Wadia from the automaker’s board, bringing the owner of Jaguar Land Rover closer to parent Tata Sons Ltd., the holding company of India’s largest conglomerate. About 71 percent of the investors who voted agreed to remove Wadia at a special shareholder meeting in Mumbai on Thursday, according to a company statement.
Honda in Talks With Google’s Waymo on Self-Drive Tech
Honda Motor Co. said Wednesday it is talking to Waymo, the autonomous driving unit of Google parent Alphabet Inc., to try to strike a deal that would put its self-driving technology into some of the Japanese automaker’s cars.
China Slaps GM With $29 Million Fine Amid Growing Tensions
China slapped a $29 million fine on General Motors Co. for antitrust violations, a sign of the growing tensions between the U.S. and the Asian nation The largest U.S. automaker is accused of setting minimum prices on some models in its SAIC General Motors joint venture.
Porsche Holding Wins Hedge Fund Lawsuit at German Top Court
Porsche Automobil Holding SE won a key legal victory in its effort to end years of litigation stemming from a failed attempt to take full control of Volkswagen AG in 2008. Germany’s highest civil court dismissed an appeal by 19 hedge funds including Viking Global Equities LP, Glenhill Capital LP and David Einhorn’s Greenlight Capital Inc., Porsche Holding said Friday in a statement.
Why Red Hat, Winnebago Industries, and Clean Energy Fuels Slumped Today
The stock market slipped slightly on Thursday, once again failing to give investors the Dow 20,000 victory that they had hoped to see. Major market benchmarks were down as much as half a percent as investors appeared reluctant to push the market any further upward after a huge rally that has taken the Dow up more than 2,000 points since early November.
VW Agrees to $1 Billion Settlement in Cheating-Scandal Recovery
Volkswagen AG took an important step in digging out from its emissions-cheating scandal by reaching a $1 billion agreement to settle lawsuits over tainted 3.0-liter diesel engines. The preliminary accord calls for the German automaker to fix or buy back 83,000 Audi, VW and Porsche vehicles equipped with a so-called defeat device.
4 Things PACCAR Inc.’s CEO Wants You to Know for 2017
Here are four encouraging quotes from Armstrong that should also give you an idea about what lies ahead for PACCAR. Like most leading truck manufacturers, PACCAR is cautious about the North American trucking markets: It projectsindustry Class 8 truck sales to be 200,000-230,000 units in 2017, slightly lower than the 2016 midpoint estimate but significantly down from 2015 sales of 278,000 trucks.
VW Reaches Deal for Emissions-Cheating Audi, Porsche Models
Volkswagen AG reached what was called a $1 billion agreement with U.S. car owners and regulators to fix or buy back about 83,000 Audi, VW and Porsche vehicles with emissions-cheating 3.0-liter diesel engines. The accord covering some 2009 to 2016 luxury models resolves another significant piece of Volkswagen’s emissions-cheating scandal.
Ingersoll-Rand Can Continue to Run Hot
For investors looking for an industrial stock that can outperform the S&P 500, has a history of beating estimates and is expanding margins, I suggest you look at Ingersoll-Rand , Ingersoll-Rand has a history of beating estimates and raising guidance on real organic growth and margin expansion. Unlike GE, IR has beaten the S&P 500 Index in the one-, two-, five- and 10-year periods.
Ousted Tata Chairman Mistry to Take Fight to Indian Court
Cyrus Mistry, the ousted chairman of Tata Sons Ltd., said he will take his fight against his unceremonious removal as head of India’s biggest conglomerate to the nation’s courts. Mistry, who also resigned as a director in six group companies on Monday on the eve of shareholder meetings to remove him, said he’s fighting for better transparency at the $100 billion group.
GM, Fiat Chrysler Idling 7 Plants Next Month as Sales Slow
General Motors Co. will idle some production at five U.S. passenger-car plants in January while Fiat Chrysler Automobiles NV halts output for New Year’s week at two Canadian vehicle factories.
Mistry Resigns From Tata Companies Amid Fight With Scion
Ousted Tata Sons Ltd. Chairman Cyrus Mistry resigned as director of group companies as the units prepared to host shareholder meetings to remove him from the boards in a brawl for control of the $100 billion group. Mistry stepped down as a director in Tata Steel Ltd. and Indian Hotels Co., and as chairman of Tata Motors Ltd., the three companies said in stock exchange filings on Monday.