General Motors said Thursday that SoftBank Vision Fund plans to invest $2.25 billion in GM Cruise Holdings, further boosting the automaker’s efforts with autonomous vehicle technology. GM shares were up nearly 11 percent midmorning Thursday, on track for their best day since the company went public again in November 2010. GM also will make a… Continue reading General Motors shares soar as SoftBank invests $2.25 billion in automaker’s self-driving vehicles – CNBC
Author: Interview Scanning Online
PSA’s CEO on What It Will Take to Re-Enter the U.S. – Automobile
Our New York bureau chief Jamie Kitman recently sat down with the CEO of French automaker PSA Carlos Tavares to further discuss the company’s future in North America and across the globe. Note: This interview, which took place before the recent Carlos Ghosn scandal, has been edited for clarity. Automobile Magazine: Why come back to… Continue reading PSA’s CEO on What It Will Take to Re-Enter the U.S. – Automobile
Ghosn Investigators Focus on Ties to Saudi Businessman – Wall Street Journal
TOKYO—The latest investigation by Tokyo prosecutors into Nissan Motor Co.’s Carlos Ghosn centers on his relationship with a Saudi Arabian businessman, Khaled Al Juffali, who runs part of Nissan’s Middle East business, according to people familiar with the matter. Some of the people said payments by Nissan to a Juffali company—on which prosecutors have cast… Continue reading Ghosn Investigators Focus on Ties to Saudi Businessman – Wall Street Journal
Nissan and Renault Face Leadership Crisis After C.E.O. Is Jailed – The New York Times
During the nearly two decades he dominated the alliance of Renault and Nissan, Carlos Ghosn achieved something of a miracle in the auto world. He managed to get the French and Japanese companies to act as one entity so both could prosper in an industry where scale is everything. Now that Mr. Ghosn is in… Continue reading Nissan and Renault Face Leadership Crisis After C.E.O. Is Jailed – The New York Times
After Ghosn, auto alliance faces uncertain future – Nikkei Asian Review
TOKYO — Just days after they cemented their landmark automotive alliance on March 27, 1999, the heads of Renault and Nissan inadvertently revealed a fundamental disagreement that lay at the heart of their new partnership. Speaking moments after a news conference in New York, Louis Schweitzer, Renault’s chairman and chief executive officer, raised the possibility… Continue reading After Ghosn, auto alliance faces uncertain future – Nikkei Asian Review
Carlos Tavares: electric cars could be more problematic than people think – Autocar
The switch from combustion engined to electrified powertrains will bring greater societal issues than the car industry alone can either consider or address, PSA Group CEO Carlos Tavares has warned. Outlining his firm’s strategy to have half its cars electrified in some form by 2020, and to offer a fully electrified line up by 2025,… Continue reading Carlos Tavares: electric cars could be more problematic than people think – Autocar
Peugeot Returns to U.S. to Help People Get Around, but Not With Its Cars – The New York Times
PARIS — Nearly three decades ago, Peugeot abandoned the United States market, stung by years of dwindling sales that were punctuated by a dispiriting 4,291 cars sold in 1990. Two years ago, Peugeot’s parent, the big European carmaker PSA Group, announced its return to the cutthroat North American market. The move stunned some industry observers… Continue reading Peugeot Returns to U.S. to Help People Get Around, but Not With Its Cars – The New York Times
‘Little things’ missing at Ferrari after Marchionne passing – GPfans.com
Tuesday, 04 december 2018, 09:40 , by Martin Macdonald FIA president Jean Todt believes that “little things” ultimately cost Ferrari in the constructors’ championship up against Mercedes following the death of CEO Sergio Marchionne, whilst praising the Italian’s leadership qualities and his desire to guide the Prancing Horse back to the top. Up until the… Continue reading ‘Little things’ missing at Ferrari after Marchionne passing – GPfans.com
Next Aventador to be first hybrid V12 Lamborghini – Autocar
“I always say that I prefer to have 10kg less rather than 1hp more, even if the power-to-weight ratio remains the same,” Reggiani said. “But I imagine the starting point of the car will be heavier, no doubt. What will be the end game? We don’t know. Improvements will happen.” One side effect of the… Continue reading Next Aventador to be first hybrid V12 Lamborghini – Autocar
Cruise control: GM’s No. 2 exec to run self-driving car unit – Herald and News
]]> ]]> SAN FRANCISCO (AP) — General Motors’ No. 2 executive is moving from Motor City to Silicon Valley to run the automaker’s self-driving car operations as it attempts to cash in on its bet that robotic vehicles will transform transportation. GM President Dan Ammann will become CEO of the company’s Cruise Automation subsidiary at… Continue reading Cruise control: GM’s No. 2 exec to run self-driving car unit – Herald and News