by Michael Strong | Dec 17, 2018
U.S. owners of select Hyundai and Kia models filed suit against the automakers in the U.S. trying to resolve a possible defected that may cause some engines to catch fire. The affected vehicles are already part of an ongoing investigation by U.S. regulators. The more...
by Michael Strong | Dec 14, 2018
California is looking to keep its place as the leader for clean air initiatives after the California Air and Resource Board (CARB) voted to fully transition the state’s public bus fleet to electric power by 2040. The unanimous vote makes California the first state to...
by Michael Strong | Dec 10, 2018
Tesla co-founder Elon Musk is ready to play “Let’s Make a Deal” with General Motors — again. Not, Musk doesn’t want to challenge GM CEO Mary Barra to appear on the television game show, but he did tell reporter Lesley Stahl on the CBS news show 60 Minutes he would be...
by Joseph Szczesny | Dec 10, 2018
Delays in obtaining the necessary regulatory approvals have forced Daimler AG and BMW Group to push back their effort to establish a joint-venture mobility company. The delay will force Daimler Financial Services to lower its earnings forecast for 2018. The division...
by Michael Strong | Dec 10, 2018
Volkswagen officials are denying reports that Chairman Hans Dieter Poetsch knew about the diesel emissions cheating allegations before they were revealed by U.S. authorities in September 2015. German newspaper Bild am Sonntag reported that Poetsch found out about the...
by Paul A. Eisenstein | Dec 10, 2018
Things went from bad to worse for the long-time head of the Renault-Nissan-Mitsubishi Alliance on Monday, prosecutors in Tokyo formally charging Carlos Ghosn with financial misconduct in a scandal that has rocked the global automotive industry. Ghosn, along with...
by Joseph Szczesny | Dec 7, 2018
While the industry is focused now on issues such as trade, manufacturing capacity and employment, the fight over fuel economy and emissions hasn’t gone away and could roar back to life any time. The Trump administration proposed rolling back the fuel-economy...
by Paul A. Eisenstein | Dec 7, 2018
After languishing in the Tokyo Detention Centre for nearly three weeks, facing regular grilling by Japanese prosecutors, ousted Nissan Chairman Carlos Ghosn is expected to be formally indicted on Monday, the Nikkei business daily is reporting. Ghosn and Nissan board...
by Michael Strong | Dec 4, 2018
Ousted Nissan Chairman Carlos Ghosn may be arrested again by Japanese authorities as part of their ongoing investigation into charges of alleged financial misconduct by the former company executive and a colleague. Ghosn was initially expected to be released on Dec....
by Joseph Szczesny | Nov 26, 2018
General Motors, in a move likely to have a significant political impact, confirmed it is preparing to shut five plants in the U.S. and Canada as its restructures its operations across the globe. GM Chairman and CEO Mary Barra told analysts the company plans to halt...
by Paul A. Eisenstein | Nov 26, 2018
Carlos Ghosn, until recently one of the most powerful men in the global auto industry, suffered yet another setback on Monday, the board of Mitsubishi Motors ousting him as company chairman. The news comes while Ghosn remains in custody, prosecutors in Tokyo probing...
by Paul A. Eisenstein | Nov 21, 2018
Carlos Ghosn, the chairman of Nissan Motor Co., could spend as much as 10 days under detention after being arrested by Japanese authorities early this week for alleged financial misdeeds, according to news reports from Tokyo. The 64-year-old executive, long one of the...
