Business

Tesla to Cut 3,200 Jobs

January 18, 2019 at 11:06 AM

Tesla Inc., which expanded its workforce 30% in 2018, now says it must cut its staff by 7% (about 3,200 people) to lower product costs and help achieve sustainable profitability.

Karma, Pininfarina Partner on Product Development

January 17, 2019 at 3:49 PM

California-based Karma Automotive LLC says it is teaming up with Italian design and engineering firm Pininfarina SpA on unspecified future projects.

Nissan CEO to Meet Renault Board on Ghosn Scandal

January 17, 2019 at 10:32 AM

Nissan Motor Co.’s CEO Hiroto Saikawa is scheduled to meet tonight with French government officials and the board of alliance partner Renault SA to discuss the Carlos Ghosn crisis.

Nissan May Drop Chairman Role

January 17, 2019 at 9:19 AM

Nissan Motor Co. is pondering a restructured management that would eliminate the chairman position.

Evergrande Takes Control of Saab Maker

January 17, 2019 at 12:09 AM

Chinese property developer Evergrande Group has paid $930 million to gain a 51% stake in National Electric Vehicle Sweden, owner of the assets of bankrupt Saab Automobile AB.

France Wants Renault Board to Replace Ghosn

January 16, 2019 at 12:01 AM

The French government, which holds a 15% stake in Renault SA, is calling for the company’s board to consider a replacement for jailed Chairman and CEO Carlos Ghosn.

Ford, VW Confirm Collaboration on Vans, Pickup Trucks

January 15, 2019 at 10:54 AM

As expected, Ford Motor Co. and Volkswagen AG have agreed to partner on designing and building commercial vans and midsize pickup trucks.

Ford, VW Delay Big Partnership Announcement

January 15, 2019 at 12:40 AM

Ford and Volkswagen have scrapped plans for a joint press conference at the Detroit auto show today to unveil a broad alliance involving future products, production and technology.

Nissan CEO Backs Renault Alliance for Now

January 14, 2019 at 3:28 PM

Nissan Motor Co. CEO Hiroto Saikawa says he favors stabilizing rather than revamping the company’s alliance with Renault and Mitsubishi Motors while the fate of former Chairman Carlos Ghosn is unclear.

GAC Motors to Open Regional HQ in California

January 14, 2019 at 2:57 PM

China’s Guangzhou Automobile Group Co. has chosen Irvine, Calif., as home to its North American sales office ahead of plans to begin sales in the region a few years from now.

Nissan Cancels Ghosn’s Apartments in Tokyo, Paris

January 11, 2019 at 2:50 AM

Nissan Motor Co. confirms it has canceled the lease on a luxury apartment used by ex-Chairman Carlos Ghosn.

Conti Invests in German AI Modeling Startup

January 10, 2019 at 1:18 PM

Continental AG is making an unspecified investment in Automotive Artificial Intelligence (AAI) GmbH, which develops AI-based simulation software.