AvatarSteven B HowardAvatarAvatarBP’s former CEO is docked $41 million in pay after he ‘knowingly misled the board’ about personal relationships with other employeesverified_publisherFortune - Laura Hurst, BloombergBP’s former Chief Executive Officer Bernard Looney will forfeit as much as £32.4 million ($40.6 million) in pay after resigning in September because …
AvatarSteven B HowardAvatarAvatarVolkswagen invested billions in EVs following Dieselgate scandal—now, its brand is ‘no longer competitive’: ‘Other manufacturers would close plants in such a situation’verified_publisherFortune - Prarthana PrakashVolkswagen was one of the earliest entrants into the electric vehicle industry, years before it became commonplace to own or drive them. Its efforts …
AvatarSteven B HowardAvatarAvatarGoldman Sachs to pay $215m in sex discrimination caseverified_publisherBBC NewsBBC News The bank will pay a "substantial" sum after facing claims it underpaid female staff in the US. Goldman Sachs to pay $215m in sex discrimination case
AvatarSteven B HowardAvatarAvatarCanada Lands Volkswagen Battery Plant With Billions in Subsidiesverified_publisherThe New York Times - Ian AustenPrime Minister Justin Trudeau said the assistance was needed to offset incentives offered by the United States. Volkswagen’s first North American battery plant for electric vehicles will be built in Canada, and Prime Minister Justin Trudeau and other Canadian politicians made it clear on Friday that …
AvatarSteven B HowardFlipboardIcon version of the Flipboard logo'Everyone wanted this': Trudeau defends $13.2B in subsidies for VW battery plantyahoo.com - Alicja SiekierskaIt'll be 5 years before the plant's economic impact will equal the government's investment in it, Ottawa says Prime Minister Justin Trudeau defended …
AvatarSteven B HowardAvatarAvatarVW Tacks On North American Plants As It Seeks Greater U.S. ShareForbes - Dale BussThough it has succeeded only in fits and starts in the U.S. market over the last half-century, American car buyers remain a sort of holy grail for Germany’s most fabled automotive company and one of the world’s largest automakers. So VW keeps at it, confident and determined in the notion that it can …
AvatarSteven B HowardFlipboardIcon version of the Flipboard logoVolkswagen Recalling Over 20,000 Electric Vehicles Due To Software Problemslashgear.com - Alex HevesyElectric vehicles are extremely complex machines full of high voltage equipment, converting energy from the battery to move the wheels. Thankfully, …
AvatarSteven B HowardFlipboardIcon version of the Flipboard logoNew Volkswagen boss eyes tapping the brakes on software drive | Businessnews24.com - fin24Volkswagen's new boss Oliver Blume will seek to rally the board and shareholders at back-to-back meetings from Thursday to support his strategy on a …
AvatarSteven B HowardAvatarAvatarVolkswagen has given a name to its pain, and it is “software”verified_publisherThe Verge - Patrick GeorgeThe German automaker’s ID family of electric cars are plagued with buggy software, causing customer headaches and leading to major setbacks for the company’s next-gen Trinity project. How can VW patch the problem? During the year that he owned a 2021 Volkswagen ID.4, Branden Flasch came to believe …
AvatarSteven B HowardAvatarAvatarFormer Wells Fargo execs ordered to pay $18.5M over fake accounts scandalverified_publisherFOX Business - Breck DumasThree former Wells Fargo executives face hefty fines over the mega-bank's fake accounts scandal after a judge recommended they be forced to pay $18.5 million in collective penalties for failing to stop the years-long scheme. Federal Administrative Law Judge Christopher McNeil found in a report …
AvatarSteven B HowardFlipboardIcon version of the Flipboard logoVolkswagen’s new boss makes strategy U-turn as giant focuses on getting ‘spirit’ backverified_publishercityam.com - Ilaria Grasso MacolaVolkswagen’s new chief executive Thomas Schafer has made a u-turn in the company’s strategy, focusing on reducing “the portfolio of models” as well …
AvatarSteven B HowardAvatarAvatarFord recalls more than 500,000 SUVs over fire riskAxios - Sri RavipatiFord has issued a safety recall for more than 500,000 SUVs in the U.S. due to the risk of damaged fuel injectors causing a fire. Why it matters: Ford …