Asia

Ghosn Crisis at Nissan Threatens CEO Saikawa

December 19, 2018 at 2:38 AM

Hiroto Saikawa’s days as CEO at Nissan Motor Co. could be numbered as management crises roil the company and its alliance with Renault.

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Dassault Systemes

Supplier Balancing Act

As U.S. car sales growth peaks, auto suppliers must manager their resources more closely than ever, notes Julie Fream, president and CEO of the Original Equipment Suppliers Assn.

Legal

Ghosn, Kelly and Nissan Indicted in Japan

December 10, 2018 at 10:50 AM

Prosecutors in Japan have indicted former Nissan Motor Co. Chairman Carlos Ghosn, board member Greg Kelly and the company itself for grossly understanding Ghosn’s compensation for five years.

EV-Hybrid

VW to Expand ID Electric Lineup with New SUV

December 10, 2018 at 10:15 AM

Volkswagen AG plans to add a large SUV to its new ID electric vehicle sub-brand, Autocar reports.

Finance

Bosch Rules Out Stock Offering

December 10, 2018 at 2:26 AM

Robert Bosch GmbH has ruled out a suggestion by bankers that the privately held company consider a stock market flotation.

Legal

VW Denies Chairman Should Have Reported Diesel Cheating Earlier

December 10, 2018 at 1:53 AM

Volkswagen AG denies that Chairman Hans Dieter Poetsch should have told investors about the company’s diesel emission cheating three months before the fact became public.

Finance

Uber Files for IPO

December 10, 2018 at 12:38 AM

Ride-hailing service Uber Technologies Inc. filed initial paperwork on Thursday for an initial public offering next year, according to media reports.

Economics

OPEC, Russia Agree to Cut Oil Production

December 10, 2018 at 12:10 AM

Oil ministers from OPEC, Russia and other producers have agreed to reduce their collective output by 1.2 million barrels of crude per day in an effort to bolster petroleum prices.

People

Report: Ghosn Sought to Oust Nissan CEO Saikawa

December 10, 2018 at 12:01 AM

Former Nissan Motor Co. Chairman Carlos Ghosn was arrested days before attempting a management shakeup that included removing CEO Hiroto Saikawa, sources tell The Wall Street Journal.

Facilities

Tesla Could Buy Idled GM Factories

December 07, 2018 at 4:53 PM

Tesla Inc. CEO Elon Musk tells CBS Television’s “60 Minutes” show that he might be willing to buy a few of the five factories in North America that General Motors Co. plans to close.

People

Camaro Engineering Chief Moves to GM’s EV Team

December 07, 2018 at 4:22 PM

Al Oppenheiser, who has been the chief engineer for the Chevrolet Camaro since 2007, is moving to General Motors Co.’s electric vehicle team.

People

Renault Report on Ghosn’s Pay Due Next Week?

December 07, 2018 at 4:18 PM

Renault SA may be ready by the end of next week to reveal the results of an internal investigation into compensation paid to Chairman CEO Carlos Ghosn, sources tell Bloomberg News.

Regulatory

Nissan Issues New Recall in Japan over Improper Inspections

December 07, 2018 at 3:55 PM

Nissan Motor Co. will recall another 150,000 vehicles in Japan that were improperly inspected.

Mobility

Ohio Begins Autonomous Shuttle Tests

December 07, 2018 at 3:33 PM

Three autonomous shuttle vans will begin operating in Columbus, Ohio, on Monday.