NEWS

Renault-Nissan Shuffles Purchasing Leadership

12/16/2014

The Renault-Nissan alliance has made three senior management changes in its integrated purchasing operations with new assignments that will take effect on Jan. 1.

Russia Hikes Interest Rate to 17%

12/16/2014

Russia's central bank hopes to slow inflation and stop further weakening of the ruble after hiking its key interest rate to 17% from 10.5% earlier today.

Vehicle Theft Rate in U.S. Drops to 53-Year Low

12/16/2014

Vehicle thefts in the U.S. plunged 58% from a record 1.66 million in 1991 to 700,000 last year, according to the National Insurance Crime Bureau.

Japan Ponders Tax Cut for Corporations

12/16/2014

Japan is studying a plan to lower the country's corporate tax rate by 2.5 percentage points or more next year to help improve the competitiveness of its domestic companies, according to The Nikkei.

Ford Hires Analytics Expert to Speed Connectivity Options

12/16/2014

Ford Motor Co. has hired Paul Ballew, a former sales analyst at General Motors Co., to help accelerate the company's rollout of connectivity and autonomous driving features.

Renault Shows Three Advanced-Engine Prototypes

12/15/2014

Renault SA has unveiled three next-generation powertrain prototypes: a mild diesel hybrid; a 2-cylinder, two-stroke diesel; and a light-duty electric delivery system for urban applications.

Toyota’s Fuel-Cell Car Goes on Sale in Japan

12/15/2014

Toyota Motor Corp. began selling its Mirai fuel-cell-powered sedan in Japan earlier today.

U.S. Factory Production Accelerates

12/15/2014

Output by America's manufacturing sector, which expanded 0.4% in October, climbed 1.1% in November twice the gain analysts expected, according to the Federal Reserve.

Renault, Nissan, AvtoVAZ Combine Purchasing in Russia

12/15/2014

The Renault-Nissan alliance and OAO AvtoVAZ have formed a new organization to handle purchasing in Russia for all three companies.

Former FCC Commissioner Kennard to Join Ford Board

12/15/2014

William Kennard Ford Motor Co. has named William Kennard, who chaired the Federal Communications Commission between 1997 and 2001, to joint its board of directors on Jan. 1.