Painter’s New Initiative

Painter’s New Initiative

UPDATED: Word is getting out that Scott Painter is soon to be back in the auto industry. His newest initiative is being called, “Fair.” The project has come up in a few conversations that we’ve had the last several months — mainly just cocktail reception gossip. Then, a couple of weeks ago over lunch, someone familiar with… Continue Reading

Cliff Banks - The Banks Report

TBR Notes – Week of September 6

September 6, 2016 — Below is a new section for premium subscribers to The Banks Report. We would call it “Cliff Notes,” but that is copyrighted and I prefer not to tempt the lawyers. So we have opted for the title, “TBR Notes.” It will be our perspective of the bigger news stories and what they may mean…

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Cliff Banks - The Banks Report

Why Private Equity Likes Automotive Retail

While much of the media’s attention is on solutions and companies poised to take advantage of the pending “Connected Car” era, the investment community has made some big plays in automotive retail technology. Within the last 42 months, according to data compiled by The Banks Report nearly $50 billion in capital has changed hands through IPOs, mergers, investments… Continue Reading

How FCA’s Sales Scheme was Different Than Typical ‘Punching’ Practices

How FCA’s Sales Scheme was Different Than Typical ‘Punching’ Practices

July 19, 2016 — As news leaked yesteday that the FBI and SEC is investigating Fiat Chrysler Automobiles for possible sales fraud, a key question kept popping up in conversations — how is what FCA allegedly did any different than what other automakers do when it comes to reporting sales? For years — even decades —… Continue Reading

Cliff Banks - The Banks Report

Private Car Ownership — A dirty Word in Silicon Valley?

To steal a phrase, Silicon Valley appears to be gripped by an “irrational exuberance” for the future utopia promised by connected and autonomous vehicle technology. At the recent Connected & Charged conference presented by Prospect Silicon Valley held at the SAP campus in Palo Alto, CA, it was striking to see the attention given by panelists and speakers on… Continue Reading