Business

Maxion, Dongfeng Form China Aluminum Wheel JV

March 14, 2019 at 9:36 AM

Germany’s Maxion Wheels is forming a joint venture in China with Dongfeng Motor Parts and Components Group to build aluminum wheels for the local market.

Hyundai Picks Up Key Support in Proxy Fight

March 14, 2019 at 2:14 AM

Hyundai Motor Co. and its parts affiliate Hyundai Mobis gained the support of a key shareholder today in their effort to fend off proxy proposals by activist U.S. hedge fund Elliott Management Corp.

Renault Overhauls Its Executive Committee for Post-Ghosn Era

March 14, 2019 at 1:17 AM

Renault SA has restructured its executive committee, expanding its numbers from eight to 12, seven of whom are new to the panel.

Nissan Ponders Outside Non-Chairman to Head Board

March 13, 2019 at 5:16 PM

Nissan Motor Co. plans to leave its chairmanship position open for now but use a highly regarded Japanese executive to preside over director meetings.

Toyota, Denso, Toyota Tsusho Invest in Airbiquity

March 12, 2019 at 3:23 PM

Toyota Motor Corp. along with its Denso Corp. and Toyota Tsusho Corp. affiliates, have invested a combined $15 million into Airbquity Inc., a Seattle-based telematics company. 

Renault, Nissan, Mitsubishi Relaunch Alliance

March 12, 2019 at 12:18 PM

Renault, Nissan and Mitsubishi Motors have restructured the management of their alliance, proclaiming a “new start” to ease tensions about a possible merger.

Infiniti Confirms Plans to Exit European Market

March 12, 2019 at 11:11 AM

Nissan Motor Co.’s upscale Infiniti units will discontinue sales in western Europe early next year.

Waymo Looking for Outside Investors?

March 12, 2019 at 2:53 AM

Alphabet Inc.’s Waymo autonomous-vehicle affiliate is searching for new outside investors, including European carmakers, a source tells The Information.

GM’s Cruise Aims to Double Headcount This Year

March 12, 2019 at 2:30 AM

General Motors Co.’s Cruise Technologies subsidiary tells Reuters it expects to double its 1,000-member workforce in 2019.

CEO Hackett Says “Bright Future” for Ford Begins This Year

March 12, 2019 at 2:02 AM

Ford Motor Co. CEO Jim Hackett has told employees the company will turn a corner in its global overhaul this year and head “toward a really bright future,” The Detroit News reports.

Michelin, Faurecia Partner on Fuel Cell JV

March 11, 2019 at 4:39 PM

French suppliers Michelin & Cie. and Faurecia SA have agreed to create a joint venture that will develop and produce fuel cell systems for passenger vehicles and other applications.

German Insurer to Cover Battery Performance

March 11, 2019 at 1:24 PM

German insurance giant Munich Re Group is launching a service that will cover battery performance, eventually including those in electric vehicles.