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Renesas Hires New Chairman, CEO
5/8/2013Hisao Sakuta, chairman of electronic components supplier Omron Corp., has been named chairman and CEO of Renesas Electronics Corp. to lead the restructuring of the troubled Japanese chipmaker, The Nikkei reports.
Omron Chairman to Head Renesas Electronics
5/7/2013Hisao Sakuta, chairman of electronic components supplier Omron Corp., has been named chairman and CEO of Renesas Electronics Corp. to lead the restructuring of the troubled Japanese chipmaker, The Nikkei reports.
GM to Discuss Labor Problems with Korea’s President
5/7/2013CEO Dan Akerson plans to talk about General Motors Co.'s troubled labor relations in South Korea when he meets with President Park Geun-hyein the U.S. this week, according to Reuters.
BMW’s Share of Takata Airbag Inflator Recall: 220,000 Cars
5/7/2013BMW AG says it will recall 220,000 3 Series small cars worldwide to replace faulty airbag inflators supplied by Takata Corp.
BMW Recalls 220,000 Cars for Takata Airbag Defect
5/7/2013BMW AG will recall 220,000 3 Series compact cars worldwide to replace airbag inflators that could deploy with too much force.
Cadillac Plant Approved for China
5/7/2013General Motors Co. has been granted permission by China's central government to open a $1.3 billion Cadillac assembly plant in Shanghai.
Car Sales Jump 15% in U.K.
5/7/2013Registrations of new passenger vehicles in the U.K. climbed to 163,400 units last month from 142,300 units in April 2012, the country's Society of Motor Manufacturers and Traders reports.
GM Wins Approval for Cadillac Factory in China
5/7/2013The Chinese government has granted General Motors Co. permission to erect an 8 billion yuan (€985 million) assembly plant in Shanghai to make Cadillac vehicles.
Auto Sales Surge 30% in Argentina
5/7/2013Wholesale deliveries of passenger and commercial vehicles in Argentina jumped to 85,500 units last month from 65,800 units in April 2012, according to carmaker group ADEFA.
Italy Lowers 2013 Outlook for Its Economy
5/7/2013Italy's economy will shrink 1.4% this year, according to national statistics agency Istat, which previously predicted a 0.5% contraction in 2013.