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Ghosn Claims Prosecutors Colluded on Charges
10/24/2019Former Nissan Motor Co. Chairman Carlos Ghosn’s attorneys say prosecutors illegally colluded with the company and Japan’s Ministry of Economy, Trade and Industry to force him out.
Nissan to Drop Datsun Brand?
10/24/2019Nissan Motor Co. is likely to scrap its entry-level Datsun brand as part of a global effort to cut costs and improve profits, sources tell Reuters.
Tesla Reports a Third-Quarter Operating Profit
10/23/2019Tesla Inc. reversed two consecutive quarters of operating losses with an operating profit of $261 million in July-September.
Ford’s Quarterly Net Earnings Drop 57%
10/23/2019Ford Motor Co. reports that marketing and restructuring costs slashed its third-quarter net profit 57% as unit sales and revenue fell.
Honda Accelerates EV Plans
10/23/2019Honda Motor Co. expects all of its European sales will come from hybrid and pure electric vehicles by 2022, three years earlier than previously planned.
Renault Samsung May Slash Production by 50%
10/23/2019South Korea’s Renault Samsung Motors Co. is struggling to avoid cutting its production 50% after losing a key supply contract with Nissan Motor Co.
Lyft Targets Profitability by Q4 2021
10/23/2019Ride-hailing giant Lyft Inc., which hasn’t had a profitable quarter since it launched in 2012, aims to get into the black by the end of 2021—a year earlier than industry projections.
5 Teams Plan Robo-Rides at Detroit Auto Show
10/23/2019Five developers of autonomous cars will offer free rides in their robotic vehicles during next year’s Detroit auto show in June.
Hyundai Mobis Teams with Velodyne on Lidar Tech
10/23/2019Hyundai Mobis Co. has agreed to work with Velodyne Lidar Inc. to supply lidar systems for Level 3 autonomous vehicles, starting in 2021.
Mazda EV Breaks Cover
10/23/2019Mazda Motor Corp. took the wraps off its first electric vehicle, the MX-30 compact crossover, this week at the Tokyo auto show.