Ex-President Mahama, Heaven is indeed on Earth! Isn’t it quite ironic that with all the harsh economic conditions, amid corruption allegations (Bus branding, SADA, SUBA, GYEEDA, Ford Expedition Vehicle, etc.), President Mahama can still go ahead and accuse his opponents of promising the electorates heaven during the 2016 electioneering campaign, which led to his humiliating … Read more
Car sales in the US slowed significantly in April, accelerating several months of declines that suggest the industry’s record sales streak may be behind it. The big three American automakers on Tuesday all reported sales fell in April compared to the same period last year. Many analysts had expected the retreat, forecasting an industry-wide decline … Read more
This latest installment concludes our three-part series! We strongly believe that looking seriously into this matter of potential conflict of interest falls within the jurisdiction of the Commission on Human Rights and Administrative Justice (CHRAJ). What rather bothers us at this point is the extent to which our institutions are politicized and what the implication … Read more
US auto giant General Motors is poised to become the first manufacturer to make a profit from electric vehicles, a GM executive predicted on Monday. The company leads the pack in reducing the cost of electric vehicles and ultimately offering an affordable version, said Mark Reuss, GM’s executive vice president for product development. Engineers have … Read more
Ford reported lower profits Thursday, citing higher commodity costs and increased investment in autonomous vehicles and other technologies. Ford chief executive Mark Fields described the quarter as “an investment in Ford’s future,” as reflected by new vehicle announcements and a $1 billion initiative in autonomous vehicle technology. Factors negatively affecting earnings included lower overall vehicle … Read more
Dozens of major US companies are facing shareholder votes this spring that seek to require more disclosure about political lobbying, as activists demand greater corporate transparency. Votes are set to take place at more than 40 annual meetings, including those for Boeing, Wells Fargo, Ford, General Electric and Facebook. The proposals have in many cases … Read more
Recently, the salary levels of some Chief Executive Officers (CEOs) of some state-controlled corporations in Ghana have come under quite a bit of public scrutiny. What has been in short supply is a discussion of the thematic underpinnings of the subject. Questions about how much top executives earn, how that aligns with the interest of … Read more
Tesla is recalling 53,000 cars to address a manufacturing defect that could prevent the parking brake from moving. The carmaker noted this is a ‘voluntary’ decision after it had determined that Model S and X models manufactured between February and October of last year ‘may contain a small gear that could have been manufactured improperly … Read more
Tesla is recalling 53,000 cars to address a manufacturing defect that could prevent parking brakes from releasing, the company said Thursday. Tesla described the move as a “voluntary” recall taken after determining that Model S and X vehicles manufactured between February and October of last year “may contain a small gear that could have been … Read more
NDC defeat: Who is to blame, the Lame Horse or the Horse Rider? “Of course as the general who led us into battle, I take ultimate responsibility for our losing the election and so if it will satisfy those people, blame me for the loss.”- President Mahama Just when NDC supporters were about moving on … Read more
Global automakers unveiled new SUVs, electric vehicles, and futuristic concept cars at the Shanghai Auto Show on Wednesday, racing for an edge in the world´s biggest auto market as growth slows after years of frenzied sales. China’s automotive market remains the most important in the world for manufacturers, with sales jumping 14.9 percent to 24.38 … Read more
Global carmakers converge on China for the Shanghai auto show this week, with the industry bracing for a sharp sales slowdown and potential price war as competition stiffens in the world’s biggest car market. Manufacturers have reaped a windfall as the fast-expanding Chinese middle class hits the road, but clouds loom as Volkswagen, Toyota, GM, … Read more
Apple has joined the list of companies with permits to test self-driving cars in California, according to an updated roster released on Friday by state officials. The iPhone maker has disclosed little about its ambitions when it comes to self-driving vehicles, with chief Tim Cook hinting at plans but the company declining to comment for … Read more
Tesla Motors overtook top US automaker General Motors in market capitalization Monday following an upbeat report by an investment analyst citing the electric carmaker’s “captivating” ability to stir investor and consumer enthusiasm. Near 1430 GMT, Tesla shares were up 3.1 percent at $311.93 for a market capitalization of $51.53 billion, more than $1 billion above … Read more
The number of human interventions in journeys made by driverless cars from Google company Waymo in California more than halved in 2016. There were only 124 “disengagement” incidents last year, where a driver had to take control of a test vehicle on public roads, down from 341 in 2015. The cars drove nearly 636,000 miles … Read more
Big US corporations have identified a new strategy for managing irate investors at annual shareholder meetings: Going virtual. This year, about 250 companies are expected to convene their yearly investor tete-a-tete via audio or video, up from 155 in 2016 and just 26 in 2012, according to investors communications firm Broadridge. The set of companies … Read more
Once a bleak neighborhood of deserted streets and half-empty office buildings, downtown Los Angeles is experiencing a stunning revival as restaurants, businesses and new residents pour into the city. From luxury lofts and hotels to trendy bars and cutting-edge art galleries, the area is getting a new lease on life and casting a shadow over … Read more
Republican plans to introduce a US border adjustment tax have auto giants General Motors and Fiat Chrysler looking for clarity, company executives said this week. Tax plans advanced by some Republicans currently include arrangements to reform corporate taxation while favoring exports but discouraging imports. President Donald Trump has said the measure could be a job … Read more
Many auto makers had a difficult month in March, posting considerable declines in US sales, defying expectations for an increase compared to the same month of last year. In the final month of the first quarter, many brands on Monday reported sales dropped compared to March 2016, when the industry was seeing record gains. Forecasters … Read more
Ford is recalling 52,000 F-250 pick-up trucks over a fault which can cause the vehicle to roll while the automatic transmission lever is in park position. In a statement, the company advised users of the 2017 vehicles, sold in the US and Canada, to use the hand brake when shifting the car into park mode. It … Read more