Business

GM Defends Plan to Cut Production in N. America

November 27, 2018 at 4:03 PM

General Motors Co., facing fierce criticism for yesterday’s decision to close five factories in North America, says it remains committed to maintaining a “strong manufacturing presence” in the U.S.

Renault-Nissan-Mitsubishi CEOs to Review Their Alliance

November 27, 2018 at 2:30 AM

The CEOs of Renault, Nissan and Mitsubishi Motors plan a one-hour teleconference on Nov. 29 to discuss the future of their alliance, according to media reports.

FCA Ponders Sale of Comau Robotic Unit

November 27, 2018 at 2:04 AM

Fiat Chrysler Automobiles NV is studying a plan to sell its Comau automation and robotics business for as much as €2 billion ($2.3 billion), sources tell Bloomberg News.

Denso Buys Stake in Infineon

November 26, 2018 at 1:43 PM

Denso Corp. has acquired an unspecified stake in Infineon Technologies AG, a Munich-based manufacturer of semiconductor chips.

Eaton’s New eMobility Business

November 26, 2018 at 2:45 AM

Earlier this year Eaton Corp. combined products, expertise and manufacturing capabilities from its Electrical and Vehicle groups to create a 1,200-employee business called eMobility.

Report: Nissan Demands More Clout in Alliance with Renault

November 23, 2018 at 11:23 AM

Nissan Motor Co. reportedly is demanding a more balanced shareholder structure for its 19-year--old alliance with Renault SA.

Nissan Board Removes Ghosn as Chairman

November 22, 2018 at 1:51 PM

Nissan Motor Co.’s board voted unanimously today to remove Carlos Ghosn as chairman and a representative director. The board also stripped Greg Kelly of the latter title.

Report: Ghosn Was Planning Renault-Nissan Merger

November 20, 2018 at 3:20 PM

Carlos Ghosn, chairman of both Renault and Nissan, was working on a plan to merge the two companies before his arrest this week, sources tell the Financial Times.

FCA Overhauls Maserati Management as Sales Slide

November 19, 2018 at 3:20 AM

Maserati SpA needs more models and a new management style to reverse plummeting sales, says Automotive News Europe.

Hyundai Invests in Drone Startup

November 15, 2018 at 9:03 AM

Hyundai Motor Co. is making an unspecified investment in Top Flight Technologies Inc., a Boston-based startup that is developing technologies for aerial drones.

Hedge Fund Wants Hyundai to Return $10.6 Billion to Shareholders

November 13, 2018 at 2:52 PM

Activist U.S. hedge fund Elliott Management Corp. is urging Hyundai Motor Co. and its affiliates to return $10.6 billion of capital to shareholders.

Car Market in India Hit by High Court Rulings

November 12, 2018 at 2:01 AM

India’s new-car market is being hurt by Supreme Court rulings that have tightened regulations on vehicle emissions and owner’s insurance, The Nikkei reports.