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Renault set to cancel US$34m Ghosn deal

The board of Renault was poised to cancel as much as 30 million euros (US$34 million) in deferred pay and severance to its ousted boss Carlos Ghosn, as directors met yesterday to approve its full-year...

February 14, 2019, Thursday


As profits plunge, Nissan slashes full-year forecast

Crisis-hit Japanese automaker Nissan slashed its full-year forecast yesterday as nine-month net profit dropped 45 percent in the first earnings report since the arrest of former chairman Carlos Ghosn....

February 13, 2019, Wednesday


1.7m more cars recalled over fatal airbags

Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly airbag inflators made by Takata Corp of Japan....

February 11, 2019, Monday


With subsidies gone, Tesla sacks workers in US

When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit....

February 11, 2019, Monday


VW retains title as world’s top seller

Volkswagen Group has held on to its position as the world’s top-selling automaker for the fifth year in a row, although the German group was edged out again by the Renault-Nissan-Mitsubishi alliance in...

January 31, 2019, Thursday


Renault replaces Ghosn in bid to repair fallout from Japan scandal

Renault appointed Michelin boss Jean-Dominique Senard as its new chairman yesterday after Carlos Ghosn was forced to resign in the wake of a financial scandal that has rocked the French carmaker and its...

January 25, 2019, Friday


France: No Nissan-Renault marriage

French Economy Minister Bruno Le Maire yesterday dismissed talk of a merger between Renault and Nissan, despite Japanese media reports that France was pushing for it....

January 21, 2019, Monday


A new Lotus to open up in China as top world car market blooms

The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan (US$1.3 billion) factory in Wuhan, company job advertisements...

January 18, 2019, Friday


Trump expected to raise auto tariffs

US President Donald Trump is likely to move ahead with tariffs on imported vehicles, a move that could prompt the European Union to agree a new trade deal, says Senate Finance Committee Chairman Charles...

January 18, 2019, Friday


Ghosn faces months in jail before trial

Former Nissan boss Carlos Ghosn will stay behind bars in Japan for the foreseeable future after a Tokyo court quashed his appeal for bail as he faces charges on three counts of financial misconduct....

January 18, 2019, Friday




 

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