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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

Boosted nabs $60M as the electric skateboard maker looks to build something new

Boosted has scored some serious cash as it looks to move beyond the world of electric skateboards to conquer new forms of personal transportation. The startup announced today that it has closed a $60 million round of Series B funding co-led by Khosla Ventures and iNovia Capital. Stanford’s StartX and Bay Meadows also participated in the round.… Continue reading Boosted nabs $60M as the electric skateboard maker looks to build something new

McLaren reveals bespoke P1 GTR inspired by Ayrton Senna

McLaren Special Operations (MSO) has revealed a bespoke P1 GTR, built to celebrate the 30th anniversary of Ayrton Senna’s first Formula 1 championship victory.  Chassis no12 is finished in the same McLaren Rocket Red and Anniversary White colour scheme as the Marlboro-sponsored MP4/4 that propelled Senna to victory in the 1988 F1 season.  Commissioned by… Continue reading McLaren reveals bespoke P1 GTR inspired by Ayrton Senna

Uber reboots its self-driving car program

Uber Advanced Technologies Group has officially resumed on-road testing of its self-driving vehicles in Pittsburgh, nine months after the company halted its entire autonomous vehicle operation after one of its vehicles struck and killed pedestrian Elaine Herzberg in the Phoenix suburb of Tempe. The relaunch follows the Pennsylvania Department of Transportation decision to authorize Uber ATG… Continue reading Uber reboots its self-driving car program

Carlos Ghosn set for release from detention in Japan

Ousted Nissan chairman Carlos Ghosn could be released from detention in Japan tomorrow (Friday December 21), after a court in the country rejected a request by prosecutors to extend his detainment. Ghosn has already been formally charged with financial misconduct – over claims he under-reported his salary over a five-year period – in Japan, but prosecutors… Continue reading Carlos Ghosn set for release from detention in Japan

Carlos Ghosn: Japanese court rejects request to extend detention

Carlos Ghosn Prosecutors wanted to keep former Nissan chairman in custody for a further 10 days Carlos Ghosn has spent a month at a detention centre in Tokyo accused of underreporting his income. Photograph: Régis Duvignau/Reuters A Japanese court has unexpectedly turned down a request from prosecutors to extend Carlos Ghosn’s period of detention over… Continue reading Carlos Ghosn: Japanese court rejects request to extend detention

Steering failure complaints in some Ram pickups probed

Steering failure complaints in some Ram pickups probedDetroit – The U.S. National Highway Traffic Safety Administration is investigating complaints that the steering can fail on some Ram pickup trucks.
The investigation covers about 200,000 Ram 2500s from the 2015 and 2016 model years.
The government agency said Thursday that it has two complaints that the linkage between the steering box to the front wheels can come apart.
One owner complained that the problem happened while rounding a curve at 65 to 70 mph. The driver lost steering and the truck went off the right side of the road, hitting ditches before stopping on the shoulder. One injury was reported.
In both cases the problem was traced to a mechanism used to align the steering system.
Investigators will determine how often the problem happens and whether a recall is needed.
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Canadian union to GM: 'Keep our plants open'

Canadian union to GM: 'Keep our plants open'The trade union that represents Canada's autoworkers is using General Motors Co.'s hometown newspapers to deliver a message as top union officials arrive in Detroit on Thursday to meet with the automaker's leaders.
“U.S. and Canadian workers made GM,” reads the front page of an advertisement wrapping the Thursday editions of The Detroit News and Detroit Free Press. “Why should our jobs and our products go to Mexico? Keep our plants open.”
Unifor, a Canadian general trade union representing auto workers at GM's endangered Oshawa, Ontario, plant and elsewhere, is using the ad to urge GM to reconsider plans that would see four plants in the U.S. and one in Canada idled next year.
Inside, the four-page ad speaks directly to the automaker: “GM, if you sell here you have to build here.” The back page of the ad is designed to be displayed in a window with the text, “I support GM workers.”
Ahead of its trip to Detroit, Unifor held a rally on the Detroit River in Windsor on Wednesday, in view of GM's Renaissance Center headquarters. Unifor officials are expected to meet with GM at the headquarters to discuss the future of the Oshawa Assembly plant as well as other GM operations in Canada.
“GM made commitments to invest in Canada but instead seems intent on continuing to bleed away Canadian production and jobs while it continues to expand in Mexico,” Unifor National President Jerry Dias said in a statement confirming the Thursday meeting with GM officials. “Unifor will be making it clear that if GM expects to sell in Canada then it needs to build in Canada.”
Both the United Auto Workers and Unifor have criticized GM for building abroad too many vehicles sold in the U.S. and Canada. The unions — and federal lawmakers — have lambasted GM for its decision to build the upcoming Chevrolet Blazer at its plant in Ramos, Mexico. The UAW also challenged GM's ability to “unallocate” the plants outside of contract negotiations.
GM already imports from Mexico the Chevrolet Equinox, Trax and Cruze hatchback, as well as the GMC Terrain. The automaker imports one vehicle from China, the Buick Envision. Its three Buick Regal models are assembled in Germany, and its compact Buick Encore SUV is built in South Korea.
On the Monday after Thanksgiving, when some workers were still on holiday vacation, GM announced a sweeping restructuring of its workforce and manufacturing operations that would stop production at five plants and would cut some 8,000 white-collar jobs. The U.S. plants include Detroit-Hamtramck Assembly, Warren Transmission, the Lordstown Complex in northeast Ohio, and Baltimore Operations in Maryland.
The Detroit automaker said last week it would be able to offer new positions to roughly 2,700 of the 2,800 active U.S. hourly employees affected by the plant idlings. For Canadian workers, GM is working with dealers, local colleges and other employers to train and help secure jobs for impacted workers.
“I understand how GM's recent news is affecting our colleagues, families and communities,” GM CEO Mary Barra wrote in a Friday tweet. “Our focus remains on helping employees … We're committed to doing the right thing, for the future of GM and our people.”
nnaughton@detroitnews.com
Twitter: @NoraNaughton
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