Daimler’s restructuring plan, issued in November, called for cutting its workforce by more than 10,000 to slash 1.4 billion euros ($1.6 billion) off personnel spending by 2022. Daimler AG Chief Executive Officer Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of… Continue reading Daimler CEO sees ‘drastic’ pay cuts, deeper restructuring – ETAuto.com
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Ford, Volkswagen to Make Electric and Autonomous Vehicles Together – IndustryWeek
Ford, Volkswagen to Make Electric and Autonomous Vehicles Together IndustryWeek Go to Source
Mercedes teases new S-Class, electric EQS – Automotive News Europe
The new Mercedes S-Class will bring a “completely new level” of artificial intelligence to the luxury sedan class when it goes on sale later this year, Daimler CEO Ola Kallenius said. Mercedes revealed the front of the car in a teaser photograph ahead of its launch in the second half. The picture showed the car’s… Continue reading Mercedes teases new S-Class, electric EQS – Automotive News Europe
Nissan’s newish boss wants to re-engineer the troubled carmaker – The Economist
Remodelling the global alliance with Renault and Mitsubishi will be tougher NISSAN IS IN for a makeover. On July 15th the Japanese carmaker will unveil what is rumoured to be a sleeker, more minimalist logo more in line with the contemporary aesthetic. To its boss, Uchida Makoto, the redesign is the outward expression of deeper… Continue reading Nissan’s newish boss wants to re-engineer the troubled carmaker – The Economist
US judge orders heads of GM, FCA to try to resolve GM racketeering lawsuit – ETAuto.com
U.S. District Court Judge Paul Borman called on GM CEO Mary Barra and FCA CEO Mike Manley to meet in person to try to resolve a case that could drag on for years. DETROIT: A federal judge in Detroit on Tuesday ordered the chief executives of automakers General Motors Co and Fiat Chrysler Automobiles NV… Continue reading US judge orders heads of GM, FCA to try to resolve GM racketeering lawsuit – ETAuto.com
Audio of controversial Carlos Ghosn comment by Nissan attorney published – ArabianBusiness.com
Nissan’s attorney in Lebanon was quoted as saying that an IMF bailout of Lebanon was dependent on Carlos Ghosn’s return to Japan Saudi Arabia-based Arab News has published the audio of an interview with an attorney for Nissan, after he denied stating that an International Monetary Fund (IMF) bailout of Lebanon was dependant on the… Continue reading Audio of controversial Carlos Ghosn comment by Nissan attorney published – ArabianBusiness.com
Volkswagen CEO, After Board Fight, Faces Challenging Road Ahead – The Wall Street Journal
A Volkswagen plant in Germany in April. The company’s first-quarter production fell 25% to just under two million vehicles. Photo: swen pfoertner/press pool By William Boston Close William Boston Biography @berlindiary BerlinDiary william.boston@wsj.com Updated June 9, 2020 5:41 pm ET BERLIN—The surprise changes that stripped Volkswagen AG Chief Executive Herbert Diess of some of his… Continue reading Volkswagen CEO, After Board Fight, Faces Challenging Road Ahead – The Wall Street Journal
GM CEO Mary Barra ‘cautiously optimistic’ on coronavirus recovery, consumer demand – CNBC
General Motors CEO and Chairman Mary Barra told CNBC on Wednesday she is “cautiously optimistic” about consumer demand returning as well as a global economic recovery as businesses continue to reopen following shutdowns due to the coronavirus pandemic. “We’ve been pleasantly surprised how demand has come back,” she said in a “Squawk Box” interview. Barra said the company… Continue reading GM CEO Mary Barra ‘cautiously optimistic’ on coronavirus recovery, consumer demand – CNBC
GM’s Mary Barra Sees U.S. Transition to Electric Cars Taking Decades – Bloomberg
GM’s Mary Barra Sees U.S. Transition to Electric Cars Taking Decades Bloomberg Go to Source
The Story Of The 2005 Ford GT As Told By Its Designer – Muscle Cars and Trucks Media
Can you think of an American mid-engined supercar with a supercharged V8, manual gearbox and strikingly vintage looks that is on sale today? Didn’t think so. Can you think of one from the last 20 years? If the 2005 Ford GT came to mind, you’re thinking of one of the only modern cars made in… Continue reading The Story Of The 2005 Ford GT As Told By Its Designer – Muscle Cars and Trucks Media