Renault: Carlos Ghosn jumps without a golden parachute

Carlos Ghosn, during a Renault factory visit, Maubeuge, November 8, 2018. Photo Ludovic Marin. AFP The automaker’s board of directors waives paying the former CEO all of his compensation. Carlos Ghosn jumps without a golden parachute. As Libération announced, the board of directors of Renault, which met Wednesday, decided “unanimously” to “give up” to pay… Continue reading Renault: Carlos Ghosn jumps without a golden parachute

Subscription Services: One Size Doesn’t Fit All

As different models find their ways to profitability, subscription services remain a hot automotive trend. Photo via Depositphotos.  “The American Dream is moving from ownership to access,” says John Phelps, vice president of Clutch Technologies. “If we had tried to start this (a subscription platform) at the heart of the MTV Cribs era, it wouldn’t… Continue reading Subscription Services: One Size Doesn’t Fit All

Japan’s Nissan forms JV to set up Algerian car assembly plant

February 13, 2019 Japan’s second-largest automaker Nissan Motor Co has signed a joint venture agreement with an Algerian private partner to build a car assembly plant at a cost of $160 million, the company said on Wednesday. The plant, near the western city of Oran, is due to start production in the first half of… Continue reading Japan’s Nissan forms JV to set up Algerian car assembly plant

Airbus manager Wilhelm joins the Daimler Board of Directors

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Honda Urban EV: interior revealed ahead of Geneva debut

It also had a Honda emblem backlit in blue, previewing a new styling feature for future EVs from the brand. 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… Continue reading Honda Urban EV: interior revealed ahead of Geneva debut

Exclusive: VW, Ford far apart on investment in Ford autonomous unit – sources

(Reuters) – Volkswagen AG and Ford Motor Co have been unable to reach agreement on whether or how much the German automaker will invest in Ford’s self-driving vehicle unit, people familiar with the negotiations said. FILE PHOTO: The President and CEO of Ford Motor Company Jim Hackett, poses with Volkswagen CEO Herbert Diess at the… Continue reading Exclusive: VW, Ford far apart on investment in Ford autonomous unit – sources

Closure of the PSA site: Bruno Le Maire will fight “for the industrial future” of Hérimoncourt

“I can not imagine for a moment that Peugeot does not keep an industrial activity on the site of Hérimoncourt,” said the minister in the National Assembly, in response to a question from MP Frédéric Barbier (LREM). “This is where the great adventure of Peugeot was born,” he said, after last week’s announcement by PSA… Continue reading Closure of the PSA site: Bruno Le Maire will fight “for the industrial future” of Hérimoncourt

Autonomous truck startup TuSimple hits unicorn status in latest round

Another autonomous-vehicle unicorn has joined the herd. TuSimple, a self-driving truck startup running daily routes for customers in Arizona, has raised $95 million in a Series D funding round led by Sina Corp. as the company prepares to scale up its commercial autonomous fleet to more than 50 trucks by June. The startup, which launched in… Continue reading Autonomous truck startup TuSimple hits unicorn status in latest round

Car company: Airbus board member Harald Wilhelm becomes CFO at Daimler

Harald Wilhelm The Airbus manager will be the new CEO at Daimler. (Photo: Daimler AG) DusseldorfDaimler governs the succession of Bodo Uebber: the CFO of airbus, Harald Wilhelm, changes in the same position to the car maker. That shared Daimler on Wednesday with. Wilhelm will be appointed to the Executive Board on April 1 without… Continue reading Car company: Airbus board member Harald Wilhelm becomes CFO at Daimler