Business

Opel’s Union Okay Employee Transfers at German Tech Center

March 22, 2019 at 12:22 AM

As many as 2,000 workers at PSA Group’s Opel engineering center in Russelsheim, Germany, will be allowed to transfer to a French engineering company.

Chinese Firm Licenses WiTricity Wireless Charging Tech

March 21, 2019 at 4:11 PM

Boston-based WiTricity Corp. has agreed to license its wireless charging technology for electric vehicle batteries to China’s Zhejiang VIE Science & Technology Co. for local applications.

Toyota, Suzuki Expand Partnership for India, Europe

March 20, 2019 at 2:05 PM

Toyota Motor Corp. and Suzuki Motor Corp. have agreed to further their cooperative efforts with new initiatives to share compact cars and electrified vehicles in Europe and India.

VW, FAW Form Connectivity JV in China

March 20, 2019 at 12:55 PM

Volkswagen AG’s namesake brand and Chinese partner FAW Group are forming a joint venture in Chengdu, China, that will focus on connectivity and other digital services for the local market.

SAIC Miffed at VW Comment About JV

March 20, 2019 at 12:41 AM

SAIC Motor Corp. has taken offense that Volkswagen CEO Herbert Diess told reporters that VW might raise its 50% stake in the venture launched by the two carmakers 34 years ago.

U.S. Auto Suppliers Report “Deep Concern” Over Trade

March 19, 2019 at 5:02 PM

Auto suppliers in the U.S. are growing increasingly worried about the impact of tariffs and trade conflicts on their business this year, the Original Equipment Manufacturers Assn. reports.

Peugeot Family Would Back More PSA Ventures

March 19, 2019 at 11:56 AM

PSA Group’s founding Peugeot family says it would support CEO Carlos Tavares in partnerships or another acquisition similar to Opel.

ZF Acquires Netherlands Mobility Provider

March 19, 2019 at 11:48 AM

ZF Friedrichshafen AG has acquired a 60% share of 2getthere B.V., which operates driverless electric shuttles and other mobility-as-a-service systems.

Report: Nissan to Drop Chairmanship, Add Outside Board Members

March 18, 2019 at 2:53 PM

Nissan Motor Co. aims to eliminate its chairman position, add three outside directors to its board and set up several special oversight committees, according to The Nikkei.

Ford Will Cut More than 5,000 Jobs in Germany, U.K.

March 15, 2019 at 4:22 PM

Ford Motor Co. says it will eliminate more than 5,000 fulltime and temporary jobs in Germany and the U.K., mainly through voluntary separations.

Ford CEO Hackett Collected $17.8 Million Last Year

March 15, 2019 at 3:31 PM

Ford Motor Co. CEO Jim Hackett received $17.8 million in total compensation in 2018, his first full year heading the company.

BMW Unveils Leaner Board

March 15, 2019 at 2:04 PM

BMW AG says it is “future-proofing” itself with a leaner top management structure.