UPDATE 1-Ghosn’s exit not the time to alter Renault-Nissan alliance: French official

(Adds details) PARIS, Nov 22 (Reuters) – France has told Japan that now is not the time to contemplate changes in the power balance inside the Renault-Nissan alliance, an official in President Emmanuel Macron’s office said on Thursday. The Elysee Palace official described the financial misconduct accusations against Carlos Ghosn, who was ousted as Nissan… Continue reading UPDATE 1-Ghosn’s exit not the time to alter Renault-Nissan alliance: French official

France fears for Renaults influence: Why Ghosn turbo disassembly becomes a political issue

REUTERS The arrest and dismissal of Carlos Ghosn causes a stir among French politicians Nissan had already announced it two days ago, now Carlos Ghosn is finally rid of his high-ranking job with the Japanese automaker: Nissan’s inspectors have now decided unanimouslyTo remove Ghosn from his position as Chairman of the Nissan Board of Directors.… Continue reading France fears for Renaults influence: Why Ghosn turbo disassembly becomes a political issue

“Otherwise, activists like Elliott will come”: important investors are attacking Daimler CEO Zetsche

There are testimonies of his work, which do not let Daimler’s Chairman of the Supervisory Board Manfred Bischoff (76) look good. There is, for example, the stock price. Exactly with his development, the fund manager David Herro (57) has shaken him recently. How it could be, Herro wanted to know in a telephone call that… Continue reading “Otherwise, activists like Elliott will come”: important investors are attacking Daimler CEO Zetsche

PSA and Toyota refocus their partnership on utilities

There is another Franco-Japanese team in the car, less exposed than Renault-Nissan these days. The one between PSA and Toyota. But that does not mean that nothing is happening in this partnership dating from 2001 . According to our information, Toyota and PSA have decided to broadly review the contours of their partnership. The builders… Continue reading PSA and Toyota refocus their partnership on utilities

Honda Urban EV readies for production in first spy shots

At the front, between the headlights, interactive messages can be displayed including greetings, advice for other drivers or charging status updates. Inside, Honda has intended to create maximum visibility for drivers thanks to slim A-pillars and a wide windscreen. Entry and exit from the concept is via rear-hinged coach doors. A so-called floating dashboard console houses… Continue reading Honda Urban EV readies for production in first spy shots

Admix Acquires VRFocus.Com

Admix, a London, UK-based provider of a non-intrusive monetization solution for AR/VR, acquired VRFocus.com, a Farnborough, Hampshire, UK-based AR/VR focused media company. The amount of the deal was not disclosed. Launched in 2014, VRFocus is a specialist technology news website, which covers all aspects of immersive technology including virtual reality (VR), augmented reality (AR) and… Continue reading Admix Acquires VRFocus.Com

AVL and Comau to collaborate for the future of electric mobility

AVL List, one of the global leaders in engineering, simulation and testing technology for powertrain systems, and Comau, a leading company in industrial automation products and systems, are going to jointly offer innovative, modular and flexible solutions for the electrification market. They have an open cooperation in simulation, design, assembly and testing of powertrain components for electric as well as traditional vehicles.
The agreement is intended to ensure that customers have access to robust, standard solutions on a global scale, backed by a local presence, resulting in higher quality and a shorter time to market. The initial focus of the partnership will be on assembly systems and end-of-line testing for automotive batteries. The collaboration was inspired by the fact that the electrification market requires experienced, full-turnkey, affordable suppliers able to provide powerful assembly and test solutions for electric and hybrid vehicle manufacturing.
“Our Partnership brings together two market leaders in their respective fields. With shared objectives and complementary competencies we are able to offer our Customers the best of both worlds providing the market with a unique interface for the whole assembly process from design to execution,” explains Andrew Lloyd, Automation Systems COO, Comau.
“The combination of know-how between Comau with its enhanced Industry 4.0 solutions and AVL, with design experience in the integration of powertrain components and related testing methodologies, will bring battery assembly and end-of-line testing to a new level,” states Urs Gerspach, executive vice president, AVL List.

Hyundai shares skid as U.S. prosecutors probe Hyundai car recalls

SEOUL/WASHINGTON (Reuters) – Hyundai Motor (005380.KS) and affiliate Kia Motors (000270.KS) are being investigated by U.S. prosecutors over whether vehicle recalls were conducted properly, a person said and documents reviewed by Reuters showed. FILE PHOTO: The logo of Hyundai Motor is seen on wall at a event in Mexico City, Mexico August 2, 2017. REUTERS/Henry… Continue reading Hyundai shares skid as U.S. prosecutors probe Hyundai car recalls