Last week, the SEC stated that it was “stunned” that Tesla CEO Elon Musk did not seek pre-approval for his tweets about the firm, as a judge had ordered him to do. His tweets in the summer of 2018 about taking the company private led to $40 million in fines,…Read More
Repercussions from the 2015 “Dieselgate” scandal continue to dog Volkswagen, which now faces charges from the U.S. Securities and Exchange Commission for making deceptive claims about its vehicles’ emissions levels. Although the company claims that the cheating occurred at lower levels of the organization, the SEC charged that executives knew as early as 2007.…Read More
Looking ahead into 2019, PVMI director John Paul MacDuffie believes the U.S. auto industry is dealing with a broader range of issues than he has encountered in the many years he has studied it.…Read More
The decision by General Motors to close five North American plants and discontinue six car models comes as little surprise, says PVMI director John Paul MacDuffie. It’s a predictable response to shifting consumer demand away from sedans and increased prices partially due to tariffs on steel and aluminum imports. …Read More
Elon Musk’s settlement with the SEC was the best possible outcome to the commission’s recent charge of securities fraud, says PVMI director John Paul MacDuffie in an interview on Knowledge@Wharton radio.…Read More
Back in 2009, the $80 billion auto industry bailout met with severe backlash from both lawmakers and a public already angered by the taxpayer expense needed to salvage Wall Street. Ten years after the financial crisis that nearly caused the industry’s collapse, PVMI director John Paul MacDuffie evaluates the bailout’s merits.…Read More
The Trump administration has issued a proposal to reverse Obama-era fuel efficiency standards and prohibit states like California from setting their own stricter standards. Such a move could negatively impact the competitiveness of the U.S. automotive sector, says PVMI director John Paul MacDuffie.…Read More
The U.S. experienced a jump in traffic fatalities in the years 2014-2016, reversing a downward trend that began after the end of World War II. Distracted driving is a public health crisis, but fully autonomous vehicles are still many decades in the future, says PVMI director John Paul MacDuffie.…Read More
Uber has received a temporary license to operate in London, giving the company a chance to demonstrate that it has indeed changed its controversial ways. The city’s transportation regulator denied Uber a five-year license in 2017.…Read More
Can Tesla make the transition from niche product to mass-market manufacturer? It’s the pressing question on the minds of investors and analysts, yet CEO Elon Musk did little to quell their concerns on a call in early May.…Read More
