by Michael Strong | Dec 18, 2019
Automakers will pay nearly $3 billion more in tariffs as a result of the higher content rules set forth in the new version of NAFTA, or the U.S.-Mexico-Canada Trade Agreement, as President Donald Trump has dubbed it. The lofty figure comes from an estimate by the...
by Paul A. Eisenstein | Dec 17, 2019
Fiat Chrysler Automobiles and PSA Group are expected to take the critical next step in their march towards a merger Wednesday by issuing a binding memorandum of understanding. The boards of the two companies were meeting separately on Tuesday to discuss their plans...
by Michael Strong | Dec 16, 2019
One of the drivers of electric vehicle sales in the U.S. has been the $7,500 federal tax credit some buyers are eligible for when they buy a battery-electric vehicle; however, it appears a push to extend that credit will fall short. Automakers, especially General...
by Michael Strong | Dec 13, 2019
Ford Motor Co. issued a recall Friday for nearly 550,000 Super Duty pickups in the U.S., Canada and Mexico. The action, which covers 547,538 trucks in the 2017 through 2019 model year, covers carpet flooring that could catch fire after a crash, the company said. The...
by Michael Strong | Dec 10, 2019
A Japanese government agency recommended a 2.4 billion yen fine for Nissan Motor Co. Ltd. because the automaker underreported the compensation of Carlos Ghosn, the automaker’s former chairman and CEO, for four years. The fine, about $22 million, is the second-largest...
by Joseph Szczesny | Dec 9, 2019
A half dozen law firms from around the United States have filed class-action lawsuits claiming Fiat Chrysler Automobiles N.V. defrauded shareholders withholding information about FCA’s efforts to bribe officials of the United Auto Workers. The lawsuits are asking...
by Michael Strong | Dec 6, 2019
Uber revealed more than 3,000 sexual assaults were reported during its 1.3 billion U.S. rides last year, including 235 rapes. Those reports include incidents where riders and drivers were attacked. The ride-hailing company issued a long-awaited study Thursday...
by Joseph Szczesny | Dec 4, 2019
Former United Auto Workers Vice President Joe Ashton, who once served on General Motors’ board of directors, faces up to 37 months in prison and a $250,000 fine after pleading guilty Wednesday to federal criminal charges. Federal prosecutors charged Ashton with money...
by Michael Strong | Dec 3, 2019
The fallout from the diesel scandal continues to haunt Volkswagen as German prosecutors and investigators raided the automaker’s Wolfsburg headquarters as part of an ongoing diesel investigation. Prosecutors said investigators aimed to confiscate documents, Reuters...
by Paul A. Eisenstein | Dec 3, 2019
Tesla CEO Elon Musk has a fondness for tweeting, even though it has caused him some serious problems – including the court case beginning this week about his use of the term, “pedo guy,” to describe a British diver who helped rescue members of a youth soccer team...
by Joseph Szczesny | Nov 30, 2019
The United Auto Workers has reached a tentative agreement on a new labor pact with Fiat Chrysler Automobiles N.V., completing what has been a difficult round of negotiations that took nearly five months to complete amid a scandal that claimed more than a dozen UAW...
by Paul A. Eisenstein | Nov 27, 2019
Fiat Chrysler and PSA Peugeot Citroen plan to sign a binding merger agreement in the coming weeks, according to communications each company sent to its employees. The move would lock down the deal the two carmakers reached last month and further downplays concerns...
