Cliff Banks - The Banks Report

A New Digital Land Grab Coming to Automotive

December 1, 2015 — Industry-specific domain extensions are coming to the automotive industry next week and could create a digital land grab reminiscent of the Oklahoma land rush in 1889. Cars Registry Ltd, a joint venture between XYZ and Uniregistry,  which owns and operates the new extensions, is making the domains, .cars, .car and .auto available for purchase… Continue Reading

Cliff Banks - The Banks Report

More Turmoil at Volkswagen

October 15, 2015 — The Volkswagen saga continues as its North American president and CEO Winfried Vahland resigned suddenly yesterday. Vahland, who had been Skoda’s CEO, was appointed to the newly created position in North America as part of the automaker’s scrambling to deal with its growing diesel engine scandal. Vahland’s move potentially places Michael Horn,… Continue Reading

Ferrari Races Into IPO

Ferrari Races Into IPO

October 9, 2015 — Sergio Marchionne, showing confidence in Ferrari, decides to move forward with a planned IPO of the luxury brand despite a volatile stock market that has forced numerous companies to recently postpone going public. Ferrari N.V. filed amended IPO papers this morning with the Securities Exchange Commission expecting to generate anywhere from $48… Continue Reading

Management Changes at FCA

Management Changes at FCA

October 7, 2015 — Management changes at Fiat Chrysler Automobiles happen so often, they normally amount to nothing more than press release fodder. But three changes that were announced this week might provide a hint as to which executives are moving up the ladder and possibly be in the running for the top job when Sergio… Continue Reading

Cliff Banks - The Banks Report

UAW Rejects FCA Deal — Now What?

October 1, 2015 — More bad news for Fiat Chrysler Automobiles as the United Auto Workers Union rejects the proposed new labor contract this week raising significant questions about future production costs for the automaker. Meanwhile, significant problems on the recall side lurk beneath the surface and indicate deeper systemic issues.  United Auto Worker leaders flew…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

UAW Says No to FCA

October 1, 2015 — United Auto Worker leaders flew into Detroit this morning to discuss options following the union’s rejection of the proposed new labor contract with Fiat Chrysler Automobiles. The rejection heightens the possibility that the UAW will strike within the next few days. Leaders are still meeting in Warren, MI this evening. Basically, the… Continue Reading