Ghosn’s Silicon Valley Investments Raise New Corruption Concerns
Former Nissan chief Carlos Ghosn may have improperly diverted millions of dollars from the automaker to help fund the Silicon Valley investment fund he started with his son, according to a new report....
View ArticleToyota Takes Nearly 5% Stake in Suzuki, Teams Up On Autonomous Tech Development
Toyota Motor Corp. will take a nearly 5% stake in Japanese rival Suzuki Motor Corp., while the two companies have also agreed to work together on the development of autonomous vehicle technology. The...
View ArticleNissan CEO Admits to Getting Overpaid, Benefitted From Program that Led to...
In an embarrassing twist in an ongoing corruption scandal, Nissan CEO Hiroto Saikawa has acknowledged he was overpaid to the tune of tens of millions of yen. The revelation could complicate allegations...
View ArticlePorsche Expands Stake in Battery-Supercar Maker Rimac
Days after revealing the Taycan, its 1st all-electric sports car, Porsche announced it is increasing its stake in Croatian battery-supercar maker Rimac to 15%. Rimac also has relations with automakers...
View ArticleMercedes-Benz Launches 3rd-Gen GLC 350e Plug-in Hybrid
Mercedes-Benz will lift the covers on the 3rd-gen GLC 350e 4Matic at the Frankfurt Motor Show this week, the plug-in hybrid getting not only a new look but longer range and better performance, reports...
View ArticleMoody’s Doubts Ford Turnaround Plan, Cuts Automaker’s Credit Rating
Moody’s Investors Service has cut Ford Motor Co.’s credit rating to junk for the first time since the depths of the recession a decade ago on doubts about the automaker’s turnaround plans. Moody’s...
View ArticleCox Automotive Invests $350M into EV Maker Rivian
Electric vehicle start-up Rivian has attracted a $350M million investment from Cox Automotive as sit prepares for the launch of production late next year. Cox and Rivian are planning to explore...
View ArticleHow Might a GM Strike Impact Customers?
The UAW has gone on strike, shutting operations at GM. The automaker prepped for a possible walkout by boosting inventories - but is that enough? What will the confrontation mean for customers?...
View Article“Consumers Do Not Want to Buy or Drive” EVs? That’s Not the Story in Europe
US Transportation Sec. Elaine Chao described EVs as vehicles "consumers do not want to buy or drive." But sales trends suggest she's wrong, especially in Europe where EVs are starting to outsell gas...
View ArticleNo Substantive Progress Made in GM-UAW Contract Talks
The United Auto Workers strike against General Motors Co. is entering its third week with the two sides deadlocked in standoff about the key issues such as wages, health care and status of temporary...
View ArticleLack of Progress in UAW Talks, Missed Sales Target Keeps GM as a “Sell”
Negotiations between the UAW and General Motors Co. have failed again to make much headway towards a settlement even as the two sides continued to look for a way out of the morass that has led to...
View ArticleShareholder Coalition Demands GM Support California Clean Air Standards
With the battle with the United Auto Workers also becoming a fight for shareholder support, a coalition of major shareholders are demanding that General Motor Co. join other automakers, including Ford...
View ArticleVolvo Reveals New “Recharge” Brand, Outlines Climate Plan
Even before Volvo officially unveils its first all-electric model, the automaker says it is launching a new brand for BEVs and PHEVs called "Recharge." It has also laid out an ambitious climate change...
View ArticleNew Nissan CEO Aims to “Regain Trust,” “Restore Business Performance”
Nissan's new CEO, Makoto Uchida, will have some big challenges when he takes over in January. He told employees a key goal is to “restore business performance and regain trust in Nissan.” He'll also...
View ArticleGM Overcomes Strike Impact to Beat Analyst Q3 Earnings Expectations
General Motors Co. reported third quarter earnings Tuesday that despite a $3-billion hit due to the UAW strike, still beat analysts' expectations. The company reported net income of $2.3 billion on...
View ArticleParlez Vous Francais? FCA May Have New French Partner: Peugeot
Just months after FCA's merger talks with Renault collapsed, the automaker is moving fast in talks with another French automaker, PSA, the parent of Peugeot and Citroen. TheDetroitBureau.com has the...
View ArticleFiat Chrysler, Peugeot Agree to Merge
As quickly as it became a possibility, the potential merger of Fiat Chrysler and Peugeot appears to have become a reality with the to automakers tentatively agreeing to a merger. The FCA board is...
View ArticleFCA/PSA Merger Relied on Long Friendship Between Two Competing CEOs
It pays to make friends, especially if you’re both running large corporations that could have something in common. Here's the inside story on how the Fiat Chrysler/PSA merger came together and what...
View ArticleFormer Uber CEO Kalanick Cashes in Previously Restricted Stock for $547M
Uber Technologies Inc. took another step further away from its contentious past, symbolically anyway, as former CEO Travis Kalanick sold nearly $550 million worth of the company’s stock. Get details at...
View ArticleToyota Defies the Downturn
It’s been a tough year for the auto industry. Many manufacturers are watching their bottom lines, but a handful of companies that have defied the downturn, posting stronger global sales and earnings,...
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