For many, I suppose, it is nice to read about something other than the coronavirus pandemic in the news. However, if you are in the automotive industry the next worst thing to read about is that yet another manufacturer is being investigated for potential emissions “cheating”. It was announced today that Fiat Chrysler is being investigated by authorities in Germany, Switzerland and Italy. The investigation has included raids on their offices, as potentially illegal software, it is claimed, has been detected in a range of cars and commercial vehicles. It is certain that European authorities are keen to cut down on this type of software, which no doubt will miraculously disappear as soon as we all go electric, but it is said that Mercedes, Renault and Nissan are also under active investigation.
FCA and PSA were also in the news in the past 10 days, as they have announced the name of their new, merged group will be Stellantis. A rather obscure name, many would think, apparently it means something like “brightened with stars” – it is not named after a mythical town where you could get a well-known lager.
As Tesla has announced its fourth quarters profit in a row, it seems the analysts have finally started believing the hype and the share price has reacted accordingly. The future is bright, the future is electric is the message.
Have a great weekend, the Premier league will be finally over. Ready for it to start again in a couple of weeks.
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Meetings are indispensable when you don’t want to do anything.
John Kenneth Galbraith (1908 – 2006)
Always be wary of any helpful item that weighs less than its operating manual.
It has yet to be proven that intelligence has any survival value.
Arthur C. Clarke (1917 – )
To die is nothing; but it is terrible not to live.
Victor Hugo (1802 – 1885), Les Miserables