Business

Renault, Nissan Meeting on Future of Alliance

December 18, 2018 at 1:55 AM

Top officials from Renault SA and Nissan Motor Co. are gathering today in Amsterdam for two days of meetings about the future of their 19-year-old alliance.

Nissan Rebuffs Renault’s Demand for Shareholder Meeting

December 17, 2018 at 4:55 PM

Nissan Motor Co. CEO Hiroto Saikawa has rejected Renault SA’s request for a quick shareholder meeting to discuss the crisis sparked by the arrest of former Chairman Carlos Ghosn.

New VW Campaign Highlights Autonomous Tech

December 17, 2018 at 3:37 PM

Volkswagen AG is launching a new advertising campaign to showcase its various driver-assist systems to be marketed under the carmaker’s new IQ.Drive brand.

British Entrepreneur Buys Bloodhound Speed Project

December 17, 2018 at 11:32 AM

Ian Warhurst has purchased Bloodhound Programme Ltd., the U.K.-based company that aims to break the land speed record, out of receivership for an undisclosed price.

Nissan Board Suspends Plan to Pick to New Chairman

December 17, 2018 at 10:22 AM

Nissan Motor Co.’s board has halted plans to quickly choose a new chairman to replace Carlos Ghosn, deciding instead to distribute his duties among several senior executives.

Supplier Balancing Act

December 17, 2018 at 2:25 AM

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.

JLR Poised to Cut Thousands of Jobs in U.K.

December 17, 2018 at 1:41 AM

Jaguar Land Rover Ltd. is expected today to detail a plan to slash costs by £2.5 billion ($3.1 billion) over the next two years, in part by shedding thousands of jobs in early 2019, the Financial Times says.

Renault Urges Nissan Shareholder Meeting on Ghosn Crisis

December 17, 2018 at 12:02 AM

Renault SA has asked Nissan Motor Co. to convene a general shareholder meeting as soon as possible to discuss indictments against the Japanese carmaker and the future of two Nissan board members appointed by Renault.

Nissan Panel Struggles to Nominate Chairman to Replace Ghosn

December 14, 2018 at 12:07 AM

A board committee set up to suggest a new chairman for Nissan Motor Co. failed to reach agreement on Thursday, making a planned decision on Monday by the full board less likely.

France Begins Search to Replace Ghosn at Renault

December 13, 2018 at 4:30 PM

The French government, which owns 15% of Renault SA, reportedly is looking for a replacement for Carlos Ghosn, the carmaker’s embattled chairman and CEO.

FCA Threatens to Trim Spending in Italy if Car Taxes Rise

December 13, 2018 at 11:08 AM

Fiat Chrysler Automobiles NV tells Italy’s government it may revise its plans to spend more than €5 billion ($5.7 billion) in Italy if the country approves higher taxes on piston-powered vehicles.

Nissan to Repatriate $1.1 Billion Cash from China Unit

December 13, 2018 at 9:43 AM

Nissan Motor Co. reportedly will repatriate 7.5 billion yuan ($1.1 billion) from its joint venture in China as tensions rise with alliance partner Renault SA.