by Paul A. Eisenstein | May 6, 2019
Volkswagen plans to spend $50 billion on battery-electric vehicles while General Motors’ CEO says the automaker is on a “path” to go fully electric. Volvo, Nissan, Toyota, Ford and, of course, Tesla, by mid-decade, these and other manufacturers expect to have more...
by Joseph Szczesny | May 6, 2019
The National Labor Relations Board, in a vote along party lines, agreed to Volkswagen’s request to postpone an union election vote at the German automakers factory in Chattanooga, Tennessee. The United Auto Workers surprised VW last month by asking for a quick vote,...
by Paul A. Eisenstein | May 2, 2019
Volkswagen’s earnings took a tumble during the first quarter, largely due to a 1 billion euro, or $1.1 billion, set-aside to cover legal costs related to its ongoing diesel emissions scandal. But at 3.05 billion euros, or $3.41 billion, after-tax profits came in close...
by Paul A. Eisenstein | May 1, 2019
The U.S. Securities and Exchange Commission reached a settlement with Elon Musk on Tuesday that ends a court battle that could have seen the South African-born executive forced out as the CEO of Tesla. The agreement more clearly lays out the sort of things that the...
by Michael Strong | Apr 29, 2019
Tesla CEO Elon Musk’s passing comment about getting additional money for the electric vehicle maker during the company’s earnings call last week may have had more meaning behind than expected. During the call, during which the company announced it lost $700 million...
by Michael Strong | Apr 26, 2019
After weeks of negotiations, Tesla and Elon Musk still haven’t reached an agreement with the Securities and Exchange Commission on a revised settlement deal and have asked for a second deadline extension from a U.S. District Court judge in Manhattan. Essentially at...
by Michael Strong | Apr 25, 2019
Former Nissan Chairman Carlos Ghosn has been released from a Japanese detention center – again – after posting $4.5 million bail. His release, which was appealed by prosecutors, came with conditions, the most noteworthy being he must limit contact with his wife,...
by Paul A. Eisenstein | Apr 25, 2019
Automotive manufacturers have made significant improvements in safety in recent years, but rear-seat passengers may be getting left behind, according to a new study by the Insurance Institute for Highway Safety. The insurance industry trade group studied more than 100...
by Michael Strong | Apr 24, 2019
As U.S. auto safety regulators are attempting to wind down the ongoing Takata airbag debacle, they are now investigating nearly 12.3 million vehicles with airbags that may not inflate during a collision. The vehicles are equipped with airbags produced by ZF-TRW,...
by Michael Strong | Apr 23, 2019
A day after former Renault Nissan chief Carlos Ghosn was slapped with a new charge by Japanese prosecutors, the leaders of the two countries the automakers claim as home discussed the ongoing investigation. French President Emmanuel Macron and Japan’s Prime Minister...
by Michael Strong | Apr 22, 2019
On the day jailed former Nissan Chairman Carlos Ghosn’s was supposed to be released, Japanese prosecutors brought a new charge against him virtually assuring he would remain in custody for the near future. The authorities added a fourth charge after finding out that...
by Michael Strong | Apr 15, 2019
Former Volkswagen CEO Martin Winterkorn was charged with fraud on Monday by German prosecutors for his role in the automaker’s diesel emissions testing scandal. The scandal came to light in 2015. “Former Chief Executive Dr. Martin Winterkorn is being charged with a...
