Mercedes USA CEO Axed for Spending Company Funds on Home Renovation

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Mercedes USA CEO Axed for Spending Company Funds on Home Renovation
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Mercedes-Benz USA CEO Ernst Lieb (center) was dismissed this week over allegations of major breaches of compliance, according to a report by German newspaper Handelsblatt. Lieb is reported to have paid for an addition to his home, as well as golf club fees at the expense of parent company Daimler. “Ernst was repeatedly warned, but he… Continue Reading...

FBI Charges Two in Hummer Fraud Scam that Saw 200 SUVs Shipped Overseas

FBI Charges Two in Hummer Fraud Scam that Saw 200 SUVs Shipped Overseas
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You don’t mess with GM, as a car salesman and a trucking company owner found out recently. They’ve been charged by the FBI for allegedly selling more than 200 Hummers overseas with phony titles and collecting more than $500,000 in unearned incentives from General Motors. Steve Romshek, a former salesman at the Huber dealership in… Continue Reading...

Renault Admits Wrongdoing In Spy Case, Executives Exonerated

Renault Admits Wrongdoing In Spy Case, Executives Exonerated
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Renault is admitting that is wrongfully dismissed three executives accused of corporate espionage, saying it has found no evidence to support the allegations made. Carlos Ghosn, Renault’s CEO, met with the three and promised compensation for their erroneous termination. Renault had accused the executives of holding illicit bank accounts in Switzerland and Lichtenstein, but their… Continue Reading...

Ford’s European Offices Raided By German Authorities

Ford’s European Offices Raided By German Authorities
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Ford’s European headquarters in Cologne, Germany has been raided by German officials as part of an investigation into a kickback scandal by the German prosecutors office. While Ford itself is supposedly not the target of the investigation, employees at Ford have been implicated in the scandal, and Ford, as well as the German government are… Continue Reading...