Business

Audi to Trim Management Jobs by 10%

February 20, 2019 at 2:33 PM

Audi AG aims to remove one level of management, or 10% of its executive positions, as part of a drive to cut costs €15 billion ($17 billion) by 2022.

Report: Panel Opposes Naming Renault Chair to Head Nissan Board

February 20, 2019 at 10:13 AM

An independent governance committee set up by Nissan Motor Co. opposes the suggestion that Renault SA’s chairman also head Nissan’s board, sources tell Reuters.

Ford Abandons Heavy-Truck Market in South America

February 19, 2019 at 3:55 PM

Ford Motor Co. is exiting the heavy-duty commercial truck business in South America this year.

Nissan Seeks Outside Director as Board Chairman

February 18, 2019 at 1:50 PM

A Nissan Motor Co. board committee will recommend in late March that the carmaker appoint one person as its chairman and a second, external director to chair its board, sources tell The Nikkei.

Report: VW to Launch Jetta Sub-Brand in China

February 18, 2019 at 11:36 AM

Volkswagen AG plans to launch a Jetta sub-brand in China later this year, according to the country’s Sina social network.

Fiat Chrysler, PSA Extend Van Partnership

February 18, 2019 at 12:47 AM

Fiat Chrysler Automobiles NV and PSA Group have agreed to continue joint production of large commercial van at FCA’s factory in Sevel, Italy.

Report: VW Closer to Investing in Ford’s Autonomous Vehicle Unit

February 15, 2019 at 2:29 AM

Ford Motor Co. and Volkswagen AG are nearing a possible plan to partner on the development of self-driving cars that may include a VW investment in Ford’s Argo AI startup, sources tell Bloomberg News.

Renault, Nissan, Mitsubishi Hail Alliance, Dodge Talk of Nissan Chair

February 14, 2019 at 1:56 PM

The heads of Renault, Nissan and Mitsubishi affirmed their alliance on Thursday but avoided talk of who should be Nissan's next chairman.

Tenneco/Federal-Mogul Spinoff to be Named “Driv”

February 14, 2019 at 11:16 AM

The spinoff company resulting from Tenneco Inc.’s acquisition of Federal-Mogul Corp. last year will be called Driv Inc.

Report: VW Balks at Investing in Ford’s Autonomy Unit

February 13, 2019 at 3:18 PM

Volkswagen AG is resisting pressure to invest at least $500 million in Ford Motor Co.’s autonomous-car unit, sources tell Reuters.

Japan-Backed Mapping Startup to Buy Detroit-Based Ushr

February 13, 2019 at 12:09 AM

Dynamic Map Platform Co. Ltd., a 30-month-old map platform developer backed by Japanese carmakers, has agreed to buy Detroit-based rival startup Ushr Inc.

Renault’s New Chairman to Begin Talks with Nissan’s CEO This Week

February 12, 2019 at 1:10 AM

The heads of Renault SA and Nissan Motor Co. are scheduled to meet in Japan on Thursday for two days of talks about the alliance between their companies.