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MichMan

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Member since: Mon Apr 20, 2015, 05:44 PM
Number of posts: 2,909

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American buyers continue to abandon the trusty car


"Automakers largely reported that cars dragged on U.S. sales last month, in some cases despite booming SUV and truck sales. Meantime, Fiat Chrysler Automobiles, which has been phasing cars out of its lineup, reaped the rewards in November.

The November sales results beat some analyst expectations, as most automakers reported smaller sales slips than expected. But U.S. consumers continue to flee sedans in droves, a trend guiding executive decision-making at the highest levels. Even Toyota's typically best-selling Camry sedan was off nearly 30 percent compared to a year ago.

"The market continues to abandon cars, with no end in sight," said Karl Brauer, executive publisher of Autotrader and Kelley Blue Book. "Automakers have slowed or stopped production, so inventory is down, and buyers are mostly looking at trucks and SUVs.

A few models have somewhat stabilized in recent months, but generally speaking cars — and brands that depend heavily on cars — don’t have a good story to tell. Every time we think we’ve hit the bottom in car market share another month passes with trucks and SUVs gaining while cars lose."

F-Series marked a record nine straight months topping the 70,000 truck mark, a consistent performance by a high-volume, high-margin product unmatched in the industry," said Ford sales chief Mark LaNeve in a statement.

Toyota's car sales were down enough to drag down booming SUV and truck sales. The automaker reported a 15-percent increase in SUV sales and a 10.6-percent increase in truck sales for its best-ever month of selling trucks — but that was overshadowed by car sales that were off 18 percent.

Nissan Group reported overall sales dropped 19 percent in November, with car sales down 34 percent, and truck sales off 13.1 percent.


https://www.detroitnews.com/story/business/autos/2018/12/03/fca-november-sales-up-17-ford-down-7/2189951002/

Conyers III to run for Congress as independent

Source: Detroit News

Detroit -- John Conyers III is circulating petitions to appear on the November ballot as an independent candidate after being tossed from the Democratic primary in the race for his father's congressional seat.

The maneuver, Conyers III said, is smarter than waging a long-shot campaign as a write-in candidate and he won't be beholden to the Democratic leadership.

"This is a far better position. I can focus on campaigning from now until November," said Conyers, who began circulating petitions after finding out he wouldn't be part of the primary. "Other Democrats in the (primary) race can fight it out for one position."

The crowded 13th District Democratic primary to replace resigned Congressman John Conyers Jr., D-Detroit, for a full two-year term includes Conyers' great nephew, Ian Conyers, as well as former state Reps. Rashida Tlaib and Shanelle Jackson, Detroit City Council President Brenda Jones, state Sen. Coleman Young III and Westland Mayor Bill Wild.

Read more: https://www.detroitnews.com/story/news/local/detroit-city/2018/07/02/john-conyers-iii-congress-independent/751205002/

Feds label Fiat Chrysler, UAW as co-conspirators

Source: Detroit News

Detroit — Federal prosecutors labeled the United Auto Workers and Fiat Chrysler Automobiles NV as co-conspirators in a widening corruption scandal, an allegation at odds with claims the labor union and automaker were victimized by rogue employees.The allegation, contained in a federal court plea agreement obtained by The Detroit News on Tuesday, potentially exposes the automaker and the UAW — a cornerstone of the modern American automotive industry — to criminal charges, fines and governmental oversight, according to a former federal prosecutor.

"This does not bode well for Fiat Chrysler and the UAW," said Peter Henning, a Wayne State University law professor. "All along, the union and Fiat Chrysler have portrayed themselves as victims, but this indicates the government has a different view."
Federal prosecutors say the union and Fiat Chrysler conspired from before 2009 through 2015 to violate the Labor Management Relations Act and the automaker enabled nepotism to flourish at a blue-collar training center. The law prohibits employers or those working for them from paying, lending or delivering money or other valuables to officers or employees of labor organizations — and from labor leaders from accepting such items.

"From in or before 2009 through 2015, FCA executives conspired with one another, with FCA, with officials at the UAW, and with the UAW, to violate the Labor Management Relations Act," prosecutors wrote in the court filing. It's the first time FCA and the union have been identified separately from individuals in the case. The government has not brought charges against either the company or the union.

<snip>

A fight for money central to the criminal case involving the UAW and Fiat Chrysler has intensified in recent days. The UAW-Chrysler National Training Center sued Iacobelli and others Friday to recoup $4.4 million it claims was embezzled during the scheme.
During the time of the conspiracy described by prosecutors, Fiat Chrysler executives authorized Holiefield and other UAW officials to offer sham employment at the training center to friends, relatives and allies, according to the court filing.

At the direction of Holiefield and other UAW officials, "numerous individuals were categorized as being on 'special assignment' status to the (training center) when, in fact, those individuals did little work or no work on behalf of the (training center)," prosecutors wrote.

Read more: https://www.detroitnews.com/story/business/autos/2018/06/12/feds-label-fiat-chrysler-uaw-co-conspirators/695076002/
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