TOKYO (Reuters) – Japanese prosecutors arrested Nissan Motor Co Ltd’s (7201.T) ousted chairman Carlos Ghosn again on Friday on new allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail before Christmas. FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the… Continue reading UPDATE 6-Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention
Author: Ritters US Newsfeed
UPDATE 1-Nissan ex-chief Ghosn vows to restore his honour in court – NHK
FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Nissan Motor Co’s (7201.T) jailed ex-chairman, Carlos Ghosn, vowed to restore his good name… Continue reading UPDATE 1-Nissan ex-chief Ghosn vows to restore his honour in court – NHK
Nissan ex-chief Ghosn vows to restore his honour in court – NHK
TOKYO, Dec 21 (Reuters) – Nissan Motor Co’s jailed ex-chairman, Carlos Ghosn, vowed to restore his good name in court after a month in detention, Japanese public broadcaster NHK said on Friday, quoting his lawyer. “Things as they stand are absolutely unaceptable,” Ghosn was quoted as saying via his lawyer. “I want to have my… Continue reading Nissan ex-chief Ghosn vows to restore his honour in court – NHK
UPDATE 1-Russian tycoon in GAZ sanctions talks; investors get more time
MOSCOW (Reuters) – Oleg Deripaska’s team, which secured the lifting of U.S. sanctions on the Russian tycoon’s aluminum and energy businesses, is also working to get them removed from his automaker GAZ (GAZA.MM), five sources close to the talks said. A logo of GAZ or Gorkovsky Automobile Plant is seen on a car at an… Continue reading UPDATE 1-Russian tycoon in GAZ sanctions talks; investors get more time
UPDATE 1-Nissan to lay off 1,000 Mexican workers, cites market challenges
The Nissan logo is seen at Nissan Motor Co.’s global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon MEXICO CITY (Reuters) – Japanese carmaker Nissan Motor Co Ltd (7201.T) will lay off about 1,000 workers in Mexico at two factories, citing “challenging market conditions,” the company said on Thursday. The layoffs will hit… Continue reading UPDATE 1-Nissan to lay off 1,000 Mexican workers, cites market challenges
Musk, GM weigh fate of Ohio plant Trump wants saved
DETROIT (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk raised hopes again on Thursday that he could ride to the rescue of a threatened General Motors Co (GM.N) car plant at the center of a political storm about auto jobs, and GM replied, saying the Ohio factory’s fate depends on union talks next year.… Continue reading Musk, GM weigh fate of Ohio plant Trump wants saved
Fate of Ohio car plant to be settled with union next year: GM
DETROIT (Reuters) – General Motors Co said on Thursday the fate of its Lordstown, Ohio, car assembly plant, which Tesla Inc Chief Executive Elon Musk has suggested he might buy, is a matter to be settled with the plant’s union next year. FILE PHOTO: A view of the entrance to the West Plant at the… Continue reading Fate of Ohio car plant to be settled with union next year: GM
Russian tycoon’s automaker in talks with U.S. to get sanctions lifted – sources
* U.S. plans to lift sanctions on Deripaska’s Rusal, En+ * Deal is subject to 30-day review period in U.S. Congress * No mention of GAZ but talks continue – sources * GAZ may need to sell stake, assets -sources By Katya Golubkova and Gleb Stolyarov MOSCOW, Dec 20 (Reuters) – Oleg Deripaska’s team, which… Continue reading Russian tycoon’s automaker in talks with U.S. to get sanctions lifted – sources
UPDATE 1-Veoneer finance chief to leave after only a few months
(Adds spokesman comments, details, share move) By Esha Vaish STOCKHOLM, Dec 20 (Reuters) – Veoneer finance chief Mathias Hermansson has decided to leave the company having assumed the post only in April when the electronic car products maker was spun out of parent Autoliv . The move comes less than two months after Veoneer, which… Continue reading UPDATE 1-Veoneer finance chief to leave after only a few months
Truckmaker Volvo builds safety stockpiles to prepare for no-deal Brexit
STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) has triggered its hard Brexit contingency plans, with the truckmaker building “safety stock” with its British dealers and considering alternative shipping routes to minimise disruption. FILE PHOTO: A worker holds a component for a Volvo truck at the Muller manufacturing facility in Redditch, Britain August 28, 2018. REUTERS/Darren… Continue reading Truckmaker Volvo builds safety stockpiles to prepare for no-deal Brexit