Author: Interview Scanning Online

PSA-FCA deal terms hinge on strength of recovery, Tavares says – Automotive News Europe

PSA Group CEO Carlos Tavares said the strength of recovery from the coronavirus pandemic will determine whether a planned combination with Fiat Chrysler Automobiles can move ahead under terms agreed to last year. “At this stage it is premature to discuss this matter as long as we don’t see the magnitude of the rebound both… Continue reading PSA-FCA deal terms hinge on strength of recovery, Tavares says – Automotive News Europe

UPDATE-Breakingviews – Corona Capital: Goldman DJ, 3M masks – Reuters

DALLAS/MILAN/NEW YORK/MUMBAI/LONDON/HONG KONG (Reuters Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. The entrance of Gucci’s flagship store is pictured in downtown Frankfurt, Germany, April 7, 2017. REUTERS/Kai Pfaffenbach LATEST – College setback – Warning flare – Online luxury SWING… Continue reading UPDATE-Breakingviews – Corona Capital: Goldman DJ, 3M masks – Reuters

Peugeot Maker PSA Sticks to Outlook Despite Virus Drag – Yahoo Finance

(Bloomberg) — PSA Group held on to its financial outlook after generating a profit during the first half of the year, suggesting the French automaker has weathered the coronavirus pandemic better than feared. The company posted net income of 595 million euros ($698 million) even as lockdowns hammered vehicle sales in some of its biggest… Continue reading Peugeot Maker PSA Sticks to Outlook Despite Virus Drag – Yahoo Finance

Top EU official slams Volkswagen as ‘complicit’ in Chinese oppression – Politico

The Volkswagen factory in Wolfsburg, Germany. | Stuart Franklin/Getty Images The chair of the European Parliament’s delegation for relations with China, Reinhard Bütikofer, has slammed Volkswagen for not confronting China over its treatment of the Uighur minority in a region where the German carmaker has a factory. China’s crackdown on the Muslim Uighur community in… Continue reading Top EU official slams Volkswagen as ‘complicit’ in Chinese oppression – Politico

Ex-Nissan boss Ghosn says Renault-Nissan financial results ‘pathetic’ – The Japan Times

Paris – Former Nissan Motor Co. Chairman Carlos Ghosn took a swipe at his old employers in a newspaper interview on Sunday, calling the Renault and Nissan results “pathetic,” driven as much by a lack of joint leadership than the COVID-19 pandemic. Ghosn, who was also the chairman of Mitsubishi Motors Corp., was arrested in… Continue reading Ex-Nissan boss Ghosn says Renault-Nissan financial results ‘pathetic’ – The Japan Times

Ford CEO Jim Hackett on Bronco and design thinking – Business Insider – Business Insider

Ford CEO Jim Hackett has faced steady criticism since he took over at the automaker in 2017. Hackett is a staunch proponent of “design thinking,” and the first Ford vehicles shaped by that process are starting to come to market. The best example is the all-new Bronco SUV, which debuted last week after years of… Continue reading Ford CEO Jim Hackett on Bronco and design thinking – Business Insider – Business Insider

Ex-Nissan boss Carlos Ghosn says he is helping everyone who stood by him – The Japan Times

Beirut – Former Nissan Motor Co. Chairman Carlos Ghosn is helping everyone who stood by him, he said in an interview broadcast on Saturday, though he declined to comment on cases of people accused of helping him flee to Lebanon from Japan. Ghosn, the ex-chairman of an automaking alliance of Renault SA, Nissan Motor Co.… Continue reading Ex-Nissan boss Carlos Ghosn says he is helping everyone who stood by him – The Japan Times

Audi Snubs EVs, Says Will Continue To “Massively” Invest In Combustion Engines – CleanTechnica

Cars Published on July 11th, 2020 | by Johnna Crider July 11th, 2020 by Johnna Crider  In what seems to be an obvious snub toward electric vehicles, Audi’s new CEO, Markus Duesmann, said the company will continue to “massively” invest in combustion engines. Audi, which is a Volkswagen Group subsidiary, plans to continue its investment… Continue reading Audi Snubs EVs, Says Will Continue To “Massively” Invest In Combustion Engines – CleanTechnica

US says Carlos Ghosn wired money to man who helped him flee Japan – ETAuto.com

The disclosure came less than a day after the men, Michael Taylor and his son Peter Taylor, who are trying to avoid extradition to Japan in connection with Ghosn’s escape, petitioned a U.S. judge to release them on bail. New York: Carlos Ghosn, the former Nissan Motor Co chairman, wired $862,500 last year to a… Continue reading US says Carlos Ghosn wired money to man who helped him flee Japan – ETAuto.com