To lose one chief executive in a top-10 group in the year is unfortunate, to lose two seems careless, so the announcement of the departure of the fourth senior CEO this year (Pendragon lost 2 remember), Darren Guiver, at Group 1 came as a bit of a shock. Apart from the normal pleasantries of wanting to spend more time with his family, there has been not much clarification over the circumstances. No doubt the analysts will be wading their way through the group’s results. And senior executives from competitors will be looking a little more nervously over their shoulders.
Another group much further down the AM100 league, Caffyns, announced their results this week. It has been a tough year, and a 92% fall in profits does not look great. To be fair to them they have been involved with VW and Audi, each of which had their own specific WLTP challenges in the past 12 months, but it is evidence of a tough market.
In a move that some analysts say could scupper the proposed PSA and FCA merger, GM has launched a lawsuit against FCA. They claim that they colluded with unions to gain a competitive advantage. I have not read many details of the case yet, but it would seem that they are accusing Fiat Chrysler of “persuading” the unions to accept lower terms with them, while demanding much higher pay increases from GM. The suit is allegedly worth billions of dollars and will no doubt play highly in the headlines over the coming months.
The golden rule of vehicle launch presentations when you announce anything, make sure it works. And if you want to demonstrate how fantastically tough something is, it had better stand up to the treatment you are about to dish out. (It almost reminds me of the Everest double glazing advertisements, if any of you are old enough to remember them.) So if you hit your new vehicle with a sledgehammer on the windscreen it is not great if it cracks, badly.. So Elon Musk demonstrating his unbreakable windscreen on his new pickup truck has created lots of news, but not many great headlines.
Have a great weekend, I’m happy, Test Cricket is back on. Oh, and the Davis cup.
|THIS WEEK’S JOBS
Here are some jobs from the past ten days. Check these out and see if there is anything tempting. Click on the link to apply immediately through our site. The situation is changing the whole time and if any link refuses to work, it is probably because it has already been filled and removed. Check out all our jobs at on our Jobs Page
|QUOTE OF THE WEEKIf fifty million people say a foolish thing, it is still a foolish thing.
Anatole France (1844 – 1924)
The best time to plant an oak tree was twenty-five years ago. The second best time is today.
All the President is, is a glorified public relations man who spends his time flattering, kissing and kicking people to get them to do what they are supposed to do anyway.
Harry S Truman (1884 – 1972), Letter to his sister, Nov. 14, 1947
People can have the Model T in any colour–so long as it’s black.
Henry Ford (1863 – 1947)
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