The Nissan logo is seen at Nissan car plant in Sunderland, Britain February 4, 2019. REUTERS/Phil Noble (Reuters) – Nissan Motor Co Ltd’s independent committee on governance is expected to recommend against the company having the same chairman as Renault SA, the Financial Times reported on Wednesday, citing people with knowledge of the discussions. Renault… Continue reading Nissan to oppose having same chair as Renault – FT
Author: Ritters US Newsfeed
UPDATE 4-Ford to close oldest Brazil plant, exit South America truck biz
SAO PAULO/DETROIT (Reuters) – Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. FILE PHOTO: New Ford trucks are… Continue reading UPDATE 4-Ford to close oldest Brazil plant, exit South America truck biz
Nissan panel to recommend outside director to chair board: Nikkei
People walk past a dealer shop of Nissan Motor Co. in Tokyo, Japan, February 12, 2019. REUTERS/Kim Kyung-hoon TOKYO (Reuters) – A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei… Continue reading Nissan panel to recommend outside director to chair board: Nikkei
Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
SAN FRANCISCO (Reuters) – Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date. FILE PHOTO: Uber’s logo is displayed on… Continue reading Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
EU starts investigation into Chinese steel wheel imports
BRUSSELS (Reuters) – The European Commission has begun an investigation into whether Chinese producers are dumping steel vehicle wheels into Europe at excessively low prices, the EU official journal said on Friday. The journal entry said the complainant, the Association of European Wheel Manufacturers (EUWA), had provided evidence that Chinese wheel imports had increased to… Continue reading EU starts investigation into Chinese steel wheel imports
Mercedes-Benz EU emissions jump under new testing regime
FRANKFURT (Reuters) – Daimler will push electric and hybrid cars more aggressively after tougher emissions tests revealed pollution levels in Europe at Mercedes-Benz Cars rose 7 percent last year. European Union regulators forced the auto industry to cut greenhouse gas emissions drastically to mitigate the impact of global warming, forcing a 40 percent cut in… Continue reading Mercedes-Benz EU emissions jump under new testing regime
CORRECTED-GM unveils ‘Ariv’ e-bikes, plans Europe launch in second quarter
The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio (Reuters) – General Motors Co announced on Thursday that its brand of electric bicycles would be called “Ariv” and begin selling in Europe in the second quarter of 2019. Two such bicycles, a compact… Continue reading CORRECTED-GM unveils ‘Ariv’ e-bikes, plans Europe launch in second quarter
Nissan, Renault and Mitsubishi executives reaffirmed importance of alliance -Mitsubishi chief
Mitsubishi Motors Corp’s President and CEO Osamu Masuko speaks to the media after the company’s board meeting at a showroom of the company’s headquarters in Tokyo, Japan January 18, 2019. REUTERS/Issei Kato TOKYO (Reuters) – The chief executives of Japan’s Nissan and Mitsubishi Motors met with the newly appointed chairman of Renault in Tokyo on… Continue reading Nissan, Renault and Mitsubishi executives reaffirmed importance of alliance -Mitsubishi chief
Not time yet to discuss Nissan chairmanship, Renault’s Senard says
TOKYO (Reuters) – The new chairman of French automaker Renault on Thursday said it was not the time to discuss whether he would also take the helm of Nissan, as he arrived in Japan to reaffirm an alliance rocked by the arrest and ouster of former Chairman Carlos Ghosn. FILE PHOTO: Jean-Dominique Senard, Michelin Group… Continue reading Not time yet to discuss Nissan chairmanship, Renault’s Senard says
Apple ramped up testing of self-driving cars in 2018 – U.S. data
FILE PHOTO: An Apple company logo is seen behind tree branches outside an Apple store in Beijing, China December 14, 2018. REUTERS/Jason Lee/File Photo SAN FRANCISCO (Reuters) – Apple Inc sharply increased its testing of self-driving cars in 2018, logging tens of thousands of miles compared with only hundreds of miles the year before, according… Continue reading Apple ramped up testing of self-driving cars in 2018 – U.S. data