UPDATE 6-Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention

TOKYO (Reuters) – Japanese prosecutors arrested Nissan Motor Co Ltd’s (7201.T) ousted chairman Carlos Ghosn again on Friday on new allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail before Christmas. FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the… Continue reading UPDATE 6-Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention

SoftBank’s Vision Fund is preparing to invest $1 billion in Grab

SoftBank’s Vision Fund is set to continue its recent spree of investments in Asian tech unicorns. The mega fund — which is targeted at $100 billion — is planning to invest upwards of $1 billion into Southeast Asia’s ride-hailing leader Grab, two sources with knowledge of the plan told TechCrunch. The investment could reach as much… Continue reading SoftBank’s Vision Fund is preparing to invest $1 billion in Grab

Do GM Brownstown Layoffs Indicate No Future Volt Crossover?

1 H BY WADE MALONE 50 employees will be laid off at Chevy Volt battery assembly plant. Since October of 2010, GM’s battery assembly plant in Brownstown, Michigan has assembled battery packs for the Chevy Volt. Packs for the Cadillac ELR and 2015+ Chevy Spark EV were assembled here. Cells for the Volt are produced at… Continue reading Do GM Brownstown Layoffs Indicate No Future Volt Crossover?

Window tint legalization bill rolls to Snyder’s desk

Window tint legalization bill rolls to Snyder’s deskLansing — The Michigan Senate on Thursday gave final approval to legislation that would loosen restrictions on tinted windows and rear-view mirror decorations like fuzzy dice.
Under the proposal, approved in a narrow 20-18 vote and now headed toward Gov. Rick Snyder’s desk, motorists could have modest tint on their driver- and passenger-side windows, so long as it allows roughly 70 percent of light to pass through.
All of the Senate Democrats voted against the proposal except Sen. Ian Conyers of Detroit. Eight Republicans also opposed the measure, including Sens. Patrick Colbeck of Canton Township, James Marleau of Lake Orion and Mike Shirkey of Clarklake.
Current law allows only a four-inch tint strip at the top of those windows and the front windshield, an allowance would be extended to six inches under the legislation.
The proposal would allow cars to have darker tint on their rear windshield and rear side windows allowing roughly 25 percent of visible light to pass through.
It wasn't apparent how many drivers were getting ticketed under the current law. “It is not known how much revenue potentially could be lost as a result of the bill's reduced civil infractions, but it is expected to be minimal,” according to a Senate Fiscal Agency analysis.
The legislation would also lift a blanket prohibition on operating a motor vehicle if there is any object that obstructs the vision of the driver, including decorations hanging from rear-view mirrors.
joosting@detroitnews.com
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BMW and Daimler may offer joint car app

Wednesday, 19/12/2018 14:08 BMW and Daimler are allowed to bundle their forces in car rental and driving services. According to the EU Commission, the US antitrust agency has now also approved the merger of Car2go and DriveNow’s car-sharing fleets with a total of around 20,000 rental cars, as the two automakers announced. The merger is… Continue reading BMW and Daimler may offer joint car app

UK car production tumbles in November

Production of cars in the UK tumbled by almost 20% in November compared with a year earlier, according to the industry’s trade body. The Society of Motor Manufacturers and Traders (SMMT) blamed weaker demand in the UK and in export markets. It also said changes in regulation and the introduction of new models and technology… Continue reading UK car production tumbles in November