TOKYO/PARIS (Reuters) – The head of Nissan and acting CEO of Renault will hold talks during a two day meeting of their carmaking partnership starting on Tuesday, sources said, amid a crisis in relations sparked by the arrest of long-time alliance supremo Carlos Ghosn. FILE PHOTO: Carlos Ghosn, former CEO of the Renault-Nissan Alliance arrives… Continue reading UPDATE 2-Renault-Nissan leaders to meet amid alliance crisis
Author: Ritters US Newsfeed
Nissan CEO plans one-on-one meeting with Renault boss in Amsterdam: sources
TOKYO/PARIS (Reuters) – Nissan Motor’s (7201.T) CEO plans to meet one-on-one with the deputy CEO of automaking partner Renault (RENA.PA) in Amsterdam this week, sources told Reuters, amid tensions over the future of the alliance after Chairman Carlos Ghosn’s arrest last month. FILE PHOTO: Carlos Ghosn, former CEO of the Renault-Nissan Alliance arrives to a… Continue reading Nissan CEO plans one-on-one meeting with Renault boss in Amsterdam: sources
UPDATE 1-Nissan CEO calls on Renault to listen to detail of Ghosn allegations
YOKOHAMA (Reuters) – Nissan Motor’s CEO called on directors at alliance partner Renault to heed its reasons for sacking former Chairman Carlos Ghosn over alleged financial misconduct amid tensions over how to handle the fallout from his arrest. Nissan President and Chief Executive Officer Hiroto Saikawa speaks during a news conference at its global headquarters… Continue reading UPDATE 1-Nissan CEO calls on Renault to listen to detail of Ghosn allegations
Nissan CEO calls on Renault to listen to detail of Ghosn allegations
YOKOHAMA (Reuters) – Nissan Motor’s CEO called on directors at alliance partner Renault to heed its reasons for sacking former Chairman Carlos Ghosn over alleged financial misconduct amid tensions over how to handle the fallout from his arrest. Nissan President and Chief Executive Officer Hiroto Saikawa speaks during a news conference at its global headquarters… Continue reading Nissan CEO calls on Renault to listen to detail of Ghosn allegations
Macron calls Ford’s decision over Bordeaux plant “hostile”
French President Emmanuel Macron arrives at a European Union leaders summit in Brussels, Belgium December 14, 2018. Alastair Grant/Pool via REUTERS BRUSSELS (Reuters) – French President Emmanuel Macron said on Friday that Ford’s (F.N) decision to end production at its plant in Blanquefort, southern France next year was “hostile” and said his government was actively… Continue reading Macron calls Ford’s decision over Bordeaux plant “hostile”
UPDATE 1-GM to begin U.S. layoff notices as it offers job transfers
WASHINGTON (Reuters) – General Motors Co (GM.N) on Friday said it is beginning to send formal notices to U.S. government agencies of its plan to end production at auto plants and cut thousands of jobs as it shrinks passenger car production in North America. FILE PHOTO: The General Motors assembly plant in Oshawa, Ontario, Canada… Continue reading UPDATE 1-GM to begin U.S. layoff notices as it offers job transfers
Tesla cuts China prices after tariff drop on U.S.-made cars
Cars pass by the Tesla Inc. Gigafactory 2, which is also known as RiverBend, a joint venture with Panasonic to produce solar panels and roof tiles in Buffalo, New York, U.S., August 3, 2018. REUTERS/Brendan McDermid BEIJING (Reuters) – Tesla Inc (TSLA.O) has cut prices on its Model S and Model X vehicles in China… Continue reading Tesla cuts China prices after tariff drop on U.S.-made cars
European passenger car sales fall 8.1 percent in November
FRANKFURT, Dec 14 (Reuters) – Volkswagen, Renault and Fiat Chrysler led an 8.1 percent decline in European car sales in November, the main regional industry body said on Friday, as the introduction of tougher new emissions tests continued to weigh on demand. Registrations fell to 1.16 million cars in European Union and European Free Trade… Continue reading European passenger car sales fall 8.1 percent in November
UPDATE 2-Lawyers of ex-Nissan boss: Carmaker could have planted evidence
SAO PAULO (Reuters) – The battle between Nissan Motor Co Ltd (7201.T) and its ousted Chairman Carlos Ghosn in Brazil’s courts escalated on Thursday after the Japanese carmaker sued his sister alleging “unjust enrichment” and his lawyers alleged Nissan could have planted evidence. FILE PHOTO: The building in which an apartment contained cash, art works… Continue reading UPDATE 2-Lawyers of ex-Nissan boss: Carmaker could have planted evidence
UPDATE 1-Renault finds no irregularities in Ghosn pay audit
(Adds detail, background) By Laurence Frost and Gilles Guillaume PARIS, Dec 13 (Reuters) – Renault said on Thursday an audit launched in the wake of Chairman and CEO Carlos Ghosn’s arrest in Japan had so far found no irregularities with his pay at the French carmaker. Renault’s statement, issued after a five-hour board meeting, did… Continue reading UPDATE 1-Renault finds no irregularities in Ghosn pay audit