Showing posts with label Automotive News Breaking News Feed. Show all posts
Showing posts with label Automotive News Breaking News Feed. Show all posts

Wednesday, December 12, 2018

Why Nissan wants to keep Carlos Ghosn out of Rio apartment

A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan chairman and the automaker.


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Ford goes back to the future in Detroit's Corktown

Ford has taken a giant leap into an enormous project to remake where employees think, design and create the vehicles of the future in a Detroit campus that is four years away from becoming reality.


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The arrest of Carlos Ghosn is triggering trouble, from product to diplomatic relations

Carlos Ghosn's arrest in Tokyo is already having consequences, from product marketing to international diplomatic relations. More complications could be ahead.


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How Ghosn's legal process could play out

Carlos Ghosn and Nissan were indicted in Japan on Monday for understating Ghosn's income, as Tokyo prosecutors pushed ahead with the criminal investigation that has shaken the global auto industry.


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Bosch rejected stock listing to raise money for industry shift to EVs, report says

Robert Bosch, the world's largest automotive supplier, discussed the merits of a potential stock market floatation with investment bankers as part of a broader funding review, but has chosen to remain unlisted, people close to the matter said.


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Ghosn, Kelly, Nissan indicted for under-reporting compensation

Nissan promised to improve corporate compliance after Tokyo prosecutors indicted former Chairman Carlos Ghosn, close aide Greg Kelly and the automaker itself for allegedly understating Ghosn's compensation.


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Monday, December 10, 2018

Musk recounts 'life or death' moment for Tesla in '60 Minutes' interview

In an interview with CBS's Lesley Stahl, the Tesla CEO said he doesn't respect the SEC, declared his interest in buying a shuttered GM factory and credited a parking lot assembly line with saving the company.


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Aerotropolis envisions auto hub by Detroit airports

With industrial space in Detroit in short supply, a regional group is eyeing two Detroit airports as a site for future industrial development.


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VW denies allegations chairman knew early about emissions cheating

VW denied allegations that Chairman Hans Dieter Poetsch knew about the automaker's emissions test cheating almost three months before U.S. authorities made it public.


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Ghosn planned to remove Saikawa as Nissan CEO before arrest in Japan, sources say

Carlos Ghosn was planning to remove Nissan CEO Hiroto Saikawa before Ghosn was arrested in Japan last month for alleged financial misconduct, people familiar with the matter said.


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Sergio Marchionne's influence lingers for FCA CEO Mike Manley

Fiat Chrysler Automobiles CEO Mike Manley clearly learned many lessons from his predecessor -- and even some the late Sergio Marchionne never intended to teach.


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Acura turns attention to cars, seeking repeat of RDX success

The redesigned RDX has gotten off to a torrid start, but brand chief Jon Ikeda says Acura isn't planning more crossovers.


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Sunday, December 9, 2018

Mazda goes for emotional appeal for sedan lovers

Mazda doesn't see the slowing sedan market as an excuse to become complacent about its cars. In fact, it sees this as the perfect time to raise the bar with an artistic approach to design that enhances some of their emotional allure.


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Ethics and compliance in FandI go hand in hand

The relationship between compliance and ethics is especially acute in the FandI department.


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Genesis decline tied to licensing bump

Genesis' steep sales dropoff is largely a byproduct of the brand's accelerated separation from Hyundai.


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The Detroit auto show's seven-year plan

The Detroit auto show, seeking to reinvent itself following decades as a January venue, has committed to seven years with its new June date.


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TrueCar buys retail software company DealerScience for $27 million

Vehicle-shopping site TrueCar has acquired DealerScience, a provider of digital-retailing software, for $27 million, the companies said Friday. DealerScience's founder will also join TrueCar's executive team effective immediately.


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Some 2019 GM pickups will have lower mpg than outgoing models

The fuel economy on some redesigned Chevrolet Silverado and GMC Sierra models will be worse than the outgoing pickups they're replacing.


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Why Chevy is launching another employee pricing campaign

Chevrolet has launched a national employee pricing sales campaign on all 2018 and some 2019 models through the end of the year.


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Tower International to sell European unit in $291 million deal

Metal components supplier Tower said it agreed to sell off its European division to a privately owned French automotive supplier in a deal valued at about $291 million.


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