Business

Daimler May Hike Stake in BAIC Venture

December 05, 2018 at 1:41 AM

Daimler AG reportedly is pondering a move to increase its 49% stake in a carmaking venture with China’s BAIC Motor Corp. to at least 65% in 2022.

No Pick Yet to Succeed Ghosn at Nissan

December 05, 2018 at 12:32 AM

Outside directors at Nissan Motor Co. met on Tuesday but failed to nominate a board member to replace Carlos Ghosn as chairman, according to media reports.

German Carmaker Chiefs Meet with Trump

December 04, 2018 at 6:15 PM

Top executives from BMW, Daimler and VW met with U.S. trade envoys and then President Donald Trump in Washington, D.C., today to discuss tariffs on cars.

Diess: VW, Ford in “Advanced” Talks About Alliance

December 04, 2018 at 5:35 PM

Volkswagen AG and Ford Motor Co. are in “quite advanced negotiations” about a global nonequity alliance that may include production of VW vehicles in Ford plants in the U.S., says CEO Herbert Diess.

Report: Ford Restructuring Could Cut 25,000 Jobs

December 04, 2018 at 3:16 PM

Ford Motor Co.’s $11 billion restructuring plan could eliminate 25,000 jobs worldwide, many of them in Europe, according to a Morgan Stanley.

Audi Allocates €$14 Billion for Advanced Tech through 2023

December 04, 2018 at 9:15 AM

Audi AG plans to invest €14 billion ($15.9 billion) on electric mobility, digitalization and autonomous driving technologies over the next five years.

Nissan Panel Poised to Consider Ghosn Successor

December 03, 2018 at 4:43 PM

The three outside members of Nissan Motor Co.’s board will convene tomorrow (Dec. 4) to discuss candidates to replace former Chairman Carlos Ghosn, according to Reuters.

CEOs to Share Leadership of Renault-Nissan-Mitsubishi Alliance

November 29, 2018 at 3:24 PM

The CEOs of Renault, Nissan and Mitsubishi Motors have agreed to jointly head their alliance.

VW, Chinese Partner to Co-Develop EV Platform

November 29, 2018 at 2:04 PM

Volkswagen AG and its SEAT unit have signed a memorandum of understanding with Anhui Jianghuai Automobile Group Corp. (JAC) to develop an electric vehicle platform to carry SEAT-badged EVs in China.

Power Solutions, Toshiba Partner on “Dual-Battery” System

November 29, 2018 at 11:38 AM

Johnson Controls International plc’s Power Solutions unit, which is in the process of being sold, and Toshiba Infrastructure Systems & Solutions Corp. have agreed to make low-voltage dual-battery systems.

Trump Threatens to Cut GM Subsidies

November 28, 2018 at 1:29 AM

President Donald Trump says he’s looking into canceling federal subsidies to General Motors Co. after the carmaker announced plans to close four factories and eliminate about 12,000 jobs in the U.S.

Renault Launches Audit of Ghosn’s Pay

November 28, 2018 at 12:19 AM

Renault SA has opened an internal audit into the compensation it paid Chairman and CEO Carlos Ghosn.