Business

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.

Hyundai Offers $1.5 Billion in Aid to Suppliers

December 13, 2018 at 1:54 AM

Hyundai Motor Group has pledged 1.7 trillion won ($1.5 billion) over five years to help its small and medium-size suppliers stabilize their businesses and invest in new technologies.

Renault to Phase Out Most Rebadged Dacia Models

December 13, 2018 at 12:51 AM

Renault SA intends to stop selling Dacia cars under its own name and enable the Romanian brand to establish its own distinctive produce lineup.

China Rethinks China-First Industry Policy

December 13, 2018 at 12:20 AM

China is poised to delay its aim to dominate in manufacturing by 2025 and instead grant easier access for foreign companies.

Renault to Nissan: Don’t Talk to Our Board Members

December 12, 2018 at 3:33 PM

Renault SA has cautioned alliance partner Nissan Motor Co. not to contact its directors to review evidence that former Nissan Chairman Carlos Ghosn failed to declare €38 million ($43 million) in pay.

Conti Looks for Software Acquisitions

December 10, 2018 at 12:32 PM

Continental AG may spend as much as €5 billion ($5.7 billion) to buy one or more software companies following next year’s planned divestiture of its Powertrain division.