YOKOHAMA, Japan (Reuters) – Japan’s Nissan Motor and France’s Renault said they would retool the world’s top car-making alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship previously wielded by ousted boss Carlos Ghosn. Renault CEO Thierry Bollore, Renault Chairman Jean-Dominique Senard, Nissan CEO Hiroto Saikawa, Mitsubishi Motors Chairman and CEO… Continue reading Nissan, Renault break up almighty chairmanship in wake of Ghosn’s ouster
Author: Ritters US Newsfeed
VW CEO says he has not considered taking a minority stake in Waymo
Herbert Diess, CEO of German carmaker Volkswagen addresses the media during the annual news conference at the Volkswagen plant in Wolfsburg, Germany March 12, 2019. REUTERS/Fabian Bimmer WOLFSBURG, Germany (Reuters) – Volkswagen has not considered taking a minority investment in Google’s autonomous cars project Waymo, Chief Executive Herbert Diess said on Tuesday, adding that talks… Continue reading VW CEO says he has not considered taking a minority stake in Waymo
Ex-Nissan’s Ghosn won’t meet press this week – lawyer
TOKYO, March 12 (Reuters) – Former Nissan boss Carlos Ghosn will not hold a highly anticipated news conference until next week at the earliest and is not now planning to attend the carmaker’s shareholders meeting next month, his lawyer said on Tuesday. “Mr Ghosn wants to have some time to mull over what he’s going… Continue reading Ex-Nissan’s Ghosn won’t meet press this week – lawyer
After Ghosn, Nissan and Renault retool alliance as ‘equals’
YOKOHAMA, Japan (Reuters) – Japan’s Nissan Motor and France’s Renault on Tuesday retooled the board structure of the world’s largest car-making alliance, putting themselves as equals after the ouster of former boss Carlos Ghosn. Reporters take pictures as Renault Chairman Jean-Dominique Senard, Renault CEO Thierry Bollore, Nissan CEO Hiroto Saikawa, Mitsubishi Motors Chairman and CEO… Continue reading After Ghosn, Nissan and Renault retool alliance as ‘equals’
UPDATE 2-VW accelerates electric push as core brand margin slips
WOLFSBURG, Germany (Reuters) – Volkswagen said it will cut jobs as it launches almost 70 new electric models by 2028, accelerating its rollout of zero-emission cars as earnings revealed the operating margin at its core brand had taken a hit. FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant… Continue reading UPDATE 2-VW accelerates electric push as core brand margin slips
Elon Musk shoots down U.S. regulator’s complaint about his Tesla tweet
SAN FRANCISCO – Tesla Inc (TSLA.O) Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker’s production volume did not violate his fraud settlement and he cannot be held in contempt. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla… Continue reading Elon Musk shoots down U.S. regulator’s complaint about his Tesla tweet
UPDATE 5-Elon Musk shoots down U.S. regulator’s complaint about his Tesla tweet
SAN FRANCISCO – Tesla Inc (TSLA.O) Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker’s production volume did not violate his fraud settlement and he cannot be held in contempt. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla… Continue reading UPDATE 5-Elon Musk shoots down U.S. regulator’s complaint about his Tesla tweet
Elon Musk’s lawyers shoot down SEC filing against Tesla CEO
Tesla Inc (TSLA.O) Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker’s production volume did not violate his fraud settlement and he cannot be held in contempt. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking… Continue reading Elon Musk’s lawyers shoot down SEC filing against Tesla CEO
Alphabet’s Waymo seeks outside investors: The Information
FILE PHOTO: A Waymo self-driving car is seen during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. REUTERS/ Stephen Lam (Reuters) – Alphabet Inc’s self-driving car division, Waymo, has been seeking financing from outside investors such as European automakers Volkswagen AG, The Information reported on Monday, citing a person with… Continue reading Alphabet’s Waymo seeks outside investors: The Information
Fiat Chrysler, Ferrari renew job contracts for Italy workers
FILE PHOTO: The logo of Ferrari is pictured during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier MILAN (Reuters) – Fiat Chrysler (FCA) has reached an agreement with trade unions to renew the contract for 66,000 of its workers in Italy, the Italian-American carmaker said on… Continue reading Fiat Chrysler, Ferrari renew job contracts for Italy workers