Captain Allegedly - 24 September 2019


FOLLOW UP: VAG EXECUTIVES CHARGED OVER DIESELGATE

Charges relating to manipulating the stock market have been placed against CEO Diess Chairman Poetsch and former CEO Winterkorn, in Brunswick. The trio are accused of not informing share holders soon enough after the extent of the #dieselgate scandal was known. To read more click the Automotive News Europe article here.

FOLLOW UP: DAIMLER FINED $960 MILLION

Stuttgart prosecutors have fined Daimler $960 million following investigation into the sale of approximately 684,000 vehicles sold that did not fully comply with regulations about nitrogen oxide omissions. To read more click the Automotive News Europe article here.

FOLLOW UP: HOW NISSAN AND GHOSN APPARENTLY HID $140 MILLION

Carlos Ghosn and Nissan have agreed a settlement with the Securities and Exchange Commission for allegedly hiding $140 million from public disclosure. To read more click the Automotive News Europe article here.

FOLLOW UP: INEOS SIGN AGREEMENT FOR BRIDGEND

Ineos has now confirmed that it will be opening a their UK plant in Bridgend, with the target of creating 500 jobs once full production has been scaled up in 2021. They also plan to produce 25,000 vehicles per year with the option for variants. To read more click the Autocar article here.

AMAZON TO BUY 100,000 EV VANS

Amazon has reached an agreement with Rivian, who they are a major investor in, to purchase 100,000 electric vans by 2024. As Amazon are providing their own delivery more and more this makes sense. To read more click The Drive article here.

DEALERSHIP PENDRAGON REVEALS BLEAK OUTLOOK

Pendragon, the third largest dealership in the EU on revenue, has removed their dividend and announced a bleak outlook for 2019, following a loss of £32.2 million in the first half of the year. A third CEO will take over shortly, with cost cutting efforts being made, such as the closure of 22 sites across the UK. To read more click the Automotive News Europe article here.

LABOUR PLEDGES TO HELP DRIVE EV ADOPTION

Labour has announced ideas to help speed up adoption of EVs, particularly by fleet operators. To read through the ideas click the Company Car Today article here.

HUGE RISE IN CATALYTIC CONVERTOR THEFTS

London has been hit be a sharp rise in the theft of catalytic convertors from cars. Particular targets are the Toyota Prius as hybrids do not dirty their cats to the same degree as an internal combustion engine. The price of the rare elements contained has increased dramatically, making such thefts more attractive. To read more click the BBC News article here.

FORMER BL CHAIRMAN MICHAEL EDWARDES PASSES AWAY

Sir Michael Edwardes, who was chairman and chief executive officer for British Leyland has died at the age of 88. He was in charge of BL during incredibly difficult period, where it could be argued he nearly pulled off the miracle of making the company a sucess. To read the excellent obituary on AROnline by clicking here.


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FORMULA E: JAKARTA ADDED TO CALENDAR

The Indonesian capital will be added to the 2019/20 calendar for the series, expected to be confirmed on 4 October 2019 when the full race programme is announced. This will cause Berlin and New York dates to move. To read more click the e-racing365 article here.

FORMULA E: NICO MULLER JOINS GEOX DRAGON RACING

Nico Muller, will join the Geox Dragon racing team for the 2019/20 season. To read more click the link here.

LUNCHTIME READ: THE PROBLEM WITH DESIGN ACADEMIES

Matteo Licatto has written an interesting article about the flaws, as he sees it, with the current education system, when it comes to design students. To read more click the Driven To Write link here.

AND FINALLY: BE A STAR IN THE REASONABLY PRICED CAR

You now have the opportunity to own the Astra used as Top Gear’s Reasonably Priced Car, which is up for auction on Collecting Cars website. Click the Jalopnik article link here to learn more.


REAR VIEW PODCAST

Don't forget the new show from the team at Motoring Podcast, Rear View, where we talk to fascinating people from the motoring universe. To go listen to the episodes already released on Apple Podcasts click here.

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