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Macron and Le Pen decry 'shocking' Stellantis CEO pay

PARIS — French President Emmanuel Macron and his far-right challenger in the French presidential vote, Marine Le Pen, on Friday both decried as “shocking” the multimillion euro payout to the CEO of carmaker Stellantis. Stellantis CEO Carlos TavaresÂ’ remuneration package of 19.15 million euros just a year after the company was formed became an issue as Macron and Le Pen campaigned ahead of the April 24 runoff vote. Polls show purchasing power and inflation are a top voter concern. Stellantis was formed last year through the merger of PSA Peugeot and Fiat Chrysler Automobiles. Centrist President Emmanuel Macron, perceived by many voters as being too pro-business, called the pay package “astronomical” and pushed for a Europe-wide effort to set ceilings on “abusive” executive pay. “ItÂ’s shocking, itÂ’s excessive,” he said Friday on broadcaster France-Info. “People canÂ’t have problems with purchasing power, difficulties, the anguish theyÂ’re living with, and see these sums. Otherwise, society will explode.” Far-right leader Marine Le Pen, who enjoys support from many working-class voters, called for bringing in more workers as shareholders. “Of course itÂ’s shocking, and itÂ’s even more shocking when it is the CEOs who have pushed their society into difficulty,” she said Friday on BFM television. “One of the ways to diminish this pay, which is often out of proportion with economic life, is perhaps to allow workers in as shareholders.” Stellantis continued to back the package despite a 52.1% to 47.9% vote rejecting it at an annual shareholders' meeting chaired from the Netherlands, where the company is legally based, on Wednesday. The company, citing Dutch civil code, noted that the vote is advisory and not binding. The company later said in a statement that it took note of the vote, and will explain in an upcoming 2022 remuneration report “how this vote has been taken into account.” In the 2021 report, the company identified peer group companies that it used as a salary benchmark, including U.S. companies like Boeing, Exxon Mobile, General Electric as well as carmakers Ford and General Motors. Stellantis, whose brands include Peugeot, Fiat, Jeep, Opel and Maserati, reported net profits last year had tripled to 13.4 billion euros ($15.2 billion). The French government is the third-largest shareholder in Stellantis, with a 6.15% stake through the Bpifrance Participations S.A. French public investment bank.

GM being sued over imploding Bosch fuel pumps in Duramax diesel trucks

Texas-based law firm Hilliard Martinez Gonzalez (HMG) this week filed a class-action lawsuit against General Motors over an alleged issue with Bosch CP4 fuel pumps. The suit claims Bosch designed the CP4 pump to work with European diesel fuel, which is thicker than U.S. diesel. When GM installed that pump in the 6.6-liter Duramax engine used from the 2011 to 2016 model years, the lawsuit claims the thinner U.S. fuel didn't provide enough lubrication, allowing air pockets to form in the fuel pump. That, in turn, allegedly let metal rub against metal inside the pump, causing the pump to eventually disintegrate and "send thousands of metal shards into the fuel injection system and every part of the engine." The Detroit News reported on the most recent lawsuit filed in Michigan's Eastern District Court, but the case is another piece of nationwide legal maneuvering going on since at least last September. Every U.S. truck maker used the Bosch CP4 fuel pump, and HMG originally went after all of them, as well as Bosch. On September 30, 2018, HMG filed a class-action suit in Texas on behalf of eight plaintiffs. The law firm wanted to prosecute the affair under RICO — the Racketeer Influenced and Corrupt Organizations Act — and named 10 defendants: FCA US LLC, FCA North America Holdings, LLC, F/K/A Chrysler Group, Fiat Chrysler Automobiles, N.V., Ford Motor Company, General Motors LLC, Robert Bosch GmbH, Robert Bosch LLC, VM North America, Inc., and VM Motori S.P.A.  The firm filed another suit in Florida on Nov. 2, 2018, against the same 10 defendants, again under the RICO statute, this time on behalf of more than 30 plaintiffs. We don't know how many other suits might have been filed, but the two suits mentioned apparently didn't have legs — the courts dismissed both quickly. So HMG shifted its strategy away from the RICO angle, and focused its efforts on GM, filing suit in California on Nov. 20, 2018. Instead of trying to catch 10 fish with a small net, HMG wants to score one fish with a big net. The results have borne more promise for the plaintiffs. In July this year, a judge in California denied GM's motion to dismiss, noting "the alleged defect is central to the vehicleÂ’s function." This latest suit filed on Aug. 6 in Detroit singles out GM again.  The Bosch CP4 is known to be problematic, however.

2018 Jeep Wrangler Rubicon Alaska Cannonball | The other Trans-America Trail

In 1941, when America needed heroes, Jeep answered the call. – "Jeep Joe" Sarette, Sales Associate, Outer Banks Jeep Chouteau, Okla. – Whoever's in charge of rain hates North Carolina. At least, that's what I thought two weeks ago, during the opening stages of my 14,000-mile overland trek in a Jeep Wrangler Rubicon, as rain pursued me from the Oregon Inlet National Park Campground on North Carolina's Outer Banks to the western edge of the "First in Flight" state. Then the rain traveled the Trans-America Trail with me through Tennessee, Mississippi, and Arkansas. When I arrived at the Love's Truck Stop in Chouteau, Oklahoma a few hours ago, it was raining. And it still is. And you know what? Don't care. Nearly three weeks into this wet and windy Rubicon Alaska Cannonball, there's but one word to describe it: supercalifragilisticexpialidocious. I hustled from Southern California to Atlanta, Georgia in two days. In the ATL I stuffed my gear in the Jeep, stuffed my face with Waffle House, and squeezed in a side trip to The Jeep Collection at Omix-ADA. Any Jeeper who ends up in the Atlanta area should make time for a visit. It's not huge, but it contains original and vital specimens of Jeep DNA, meticulously and colorfully explained by tour guide Dave Logan. And Logan was kind enough to loan me his personal snatch block since I'd somehow managed to forget that item in my recovery kit. Four days later, I departed for Oregon Inlet. That was the start of my Trans-America Trail, but I need to clarify that I'm not on original Trans-America Trail. The one most people know and read about was stitched together over a decade by a motorcycle rider named Sam Correro. When I researched this trip, Correro's trail didn't cross the country. It started in Tennessee. A little more Internet digging turned up another trans-America trail put together by another motorcycle rider called GPSKevin. His route starts further south in the Outer Banks, in Buxton, and covers similar local ground to Correro's trail all the way to Port Orford. I'm taking Kevin's route, but only because when I found it, it crossed the country and Correro's didn't. I'm going to refer to Kevin's trail as the TAT for simplicity.