by Michael Strong | Apr 12, 2019
Former Nissan CEO Carlos Ghosn will be spending more time in jail than originally proscribed by the Tokyo District Court. In a move surprising no one, the court extended Ghosn’s detention period to April 22. He was initially set to be released on Sunday, but was...
by Michael Strong | Apr 10, 2019
Just weeks after President Donald Trump announced to the dismay of automakers and environmentalists he plans to eliminate all electric vehicle tax credits, a bipartisan group of lawmakers will introduce a bill to put new ones in place. The group’s bill, named the...
by Michael Strong | Apr 9, 2019
In his first public statement since his initial arrest in November, former Renault-Nissan Alliance chief Carlos Ghosn tersely and forcefully accused “backstabbing” former colleagues of conspiring to get him fired from his job as Nissan chairman and threatening the...
by Michael Strong | Apr 5, 2019
The U.S. Justice Department and Fiat Chrysler Automobiles NV reached a settlement in an antitrust lawsuit about claims the automaker forced dealers to report false sales numbers, hoping to bolster the company’s stock price. Those allegations spurred a separate federal...
by Paul A. Eisenstein | Apr 5, 2019
Carlos Ghosn, the former Nissan boss who was rearrested for the fourth time on Thursday on charges of financial corruption will be detained at the Tokyo Detention Center until at least April 14, a court in the capital city ruled Friday morning. As they did when Ghosn...
by Michael Strong | Apr 5, 2019
After completing its investigation, it was determined that collusion did occur … between Volkswagen, BMW and Daimler AG, European Union investigators said in a preliminary report. EU authorities declared the three German automakers colluded to limit the development of...
by Michael Strong | Apr 4, 2019
The much-awaited courtroom showdown between Tesla CEO Elon Musk and U.S. Securities and Exchange Commission never materialized as the two sides were told to make nice and work it out in the next two weeks. Judge Alison Nathan instructed the “combatants” to renegotiate...
by Paul A. Eisenstein | Apr 4, 2019
Less than a month after being released on bail, former Nissan Chairman Carlos Ghosn found himself in a police van being hauled back to the Tokyo Detention Center Thursday morning after being arrested for the fourth time. Authorities said the move came in the wake of...
by Joseph Szczesny | Apr 4, 2019
Toyota is freeing up the technology behind some 24,000 patents from around the world that it now holds on hybrid and electric vehicles. The Japanese automaker said it hopes it will help spur development of hybrids and battery-electric vehicles. Toyota said it...
by Joseph Szczesny | Apr 3, 2019
A former top officer of the United Auto Workers pleaded guilty Tuesday to charges of conspiring to violate U.S. labor laws by taking money from Fiat Chrysler Automobiles N.V. while representing union members employed by FCA. Norwood Jewell, 61, a former UAW vice...
by Michael Strong | Mar 27, 2019
The ongoing feud between Tesla CEO Elon Musk and the Securities and Exchange Commission about whether or not the brash executive should be held in contempt over a recent tweet is going to be resolved April 4 – in U.S. District Court. U.S. District Judge Alison Nathan...
by Michael Strong | Mar 25, 2019
The ongoing back and forth between the U.S. Securities and Exchange Commission and Tesla CEO Elon Musk and the company came to a head in court filings in Manhattan Friday and earlier today with Musk’s attorneys contending he did nothing wrong. The SEC believes the...
