Business

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.

Volvo Shrinks Executive Board

March 15, 2019 at 2:33 AM

Volvo Car Corp. is reducing membership in its management board to 13 from 15 and expanding the assignments of two senior tech and marketing executives, effective April 1.

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.