Man, if you live south of the 49th parallel, you missed quite a hubbub yesterday evening. Actually, Americans likely caught a whiff of it, as U.S. President Donald Trump’s lengthy post-UN press conference Wednesday covered a lot of topics, including the one that had Canucks up in arms. Up here in the Great White North, a country some commenters would prefer to never see mentioned (as this writer apparently mentions it ALL THE TIME), trade remains an understandably hot topic. Canada hasn’t reached a renegotiated free trade agreement with the U.S., unlike Mexico, and there’s a Sunday deadline looming to sign on to the U.S.-Mexico accord. Tick tock. Among other planks, Canada wants to protect its dairy cartel — an entity not universally loved up here, as it greatly increases the price of common food staples on store shelves. However, protecting jobs in that sector means risking jobs in the larger auto sector, a crucial industry whose vehicles Trump has threatened … [Read more...] about Amid Cross-border Feud, a Pricier Dodge Challenger Looks More Likely Than Ever
Volkswagen will hold an emergency supervisory board meeting on Wednesday to discuss recent allegations that Germany’s automakers have been operating as an automotive cartel since the 1990s. Meanwhile, Daimler’s workers council is demanding answers from management as the automaker reels from a one-two-punch of collusion and emissions cheating accusations. “I advise the car industry to clear the air now, to say what has happened, and then we can look to the future together again,” parliamentary group leader Volker Kauder, said Monday on German television. “If the antitrust violations prove true, and there’s a lot to suggest that, then one must really say the clear sentence: the rule of law also applies to the car industry.” However, claiming there is sufficient proof to prosecute is a little premature. With the exception of a somewhat damning letter intercepted from VW, no hard evidence of collusion has been made … [Read more...] about Volkswagen to Conduct ‘Crisis Meeting’ Over EU Cartel Allegations
Roughly one year ago, German automakers were confronted with a crisis. Following Volkswagen’s diesel emissions fiasco, European antitrust regulators became suspicious that BMW, Daimler, and VW Group were involved in a longstanding automotive cartel that cooperated on decisions regarding technical issues, development, supplier management, and illegal price fixing. Investigators were also concerned manufacturers worked together to standardize diesel treatment fluid (AdBlue) reservoirs to reduce exhaust emissions, then encouraged each other to cheat on emissions tests when they were deemed insufficient. This resulted in a series of raids and then almost a full year of silence on the matter. However, if Volkswagen’s dieselgate has taught us anything, it’s that German authorities prefer a snail’s pace when pursuing a criminal probe. Apparently unsatisfied with the initial findings, the European Commission opened an in-depth and official investigation on Tuesday … [Read more...] about EU Launches Emissions Collusion Investigation Against German Automakers
BMW and Critical Software have been working together in the field of automotive software engineering for quite some time now. However, this week, the two entities decided to take things a step further and create a joint-venture project under the Critical TechWorks name. This strategic expansion of their cooperation is currently subject to examination and approval from the relevant competition authorities to make sure a cartel isn’t taking shape. This move further emphasizes just how important software will be for cars in the future and shows once again that BMW is committed to transforming into a tech company, moving away from the ‘car maker’ badge. Critical TechWorks will complement the constantly expanding BMW Group network in the fields of software development and IT. The two partners stand to benefit from Critical Software’s many years of experience in agile software development and the over 100 years of experience of the BMW Group in the advancement of … [Read more...] about BMW and Critical Software Create Critical TechWorks Joint Venture
UM entered the Indian market more than 2 years back and has made its presence felt in the affordable cruiser segment. We spoke to Rajeev Mishra, the CEO of UM Lohia Two Wheelers Pvt. Ltd. as he gives an insight regarding the company’s future plans and a few perceptions which surround UM. Here’s the full interview: xBhp: What are the difficulties that you faced as a start-up? Rajeev Mishra: I think we have gained a lot of ground and yes, as a start-up there are many issues which come up. One of them is that a new company faces the problem of localisation. That is to get into the local market and try to get the local component. There is a cartel and it doesn’t favour the new entrant in the market and that’s why we struggled a lot. Second issue is attracting new talent to a new company. For a start-up getting new talent is also a big challenge. And third, automotive industry is highly competitive. Every manufacturer has created a wall against them and … [Read more...] about #InConversation with Rajeev Mishra, CEO, UM Lohia Two Wheelers Pvt. Ltd.