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Renault’s Sales, Earnings Slide
2/14/2019Renault SA reports that its revenue and net income in 2018 fell 2% to €57.4 billion ($64.8 billion) and 38% to €3.3 billion ($3.7 billion), respectively.
Audi Previews Sporty Electric Crossover
2/14/2019Volkswagen AG plans to introduce a third model, a compact crossover, in its e-tron electric vehicle lineup in early 2021.
Nissan Plans Assembly Plant in Algeria
2/14/2019Nissan Motor Co. is partnering with Algerian conglomerate and local Nissan distributor Groupe Hasnaoui to build cars and light commercial vehicles for the African market.
Trump May Let China Trade Deal Deadline Slip
2/14/2019President Donald Trump says he might extend the March 1 deadline for a trade deal between the U.S. and China if the two sides appear to be close to a “real deal.”
Ghosn Hires New Captain for His Legal Defense Team
2/14/2019Carlos Ghosn says he has hired a new lawyer to lead the trial phase of his defense after being arrested in Japan two months ago and charged with financial wrongdoing as Chairman of Nissan Motor Co.
Ford Warns that a Hard Brexit Would Be “Catastrophic”
2/14/2019Ford Motor Co. warns it will take whatever action is needed to defend its operations in Europe if the U.K. leaves the European Union in March with no replacement trade deals in place.
Car Sales Dip 2% in India
2/13/2019January new-car sales in India declined to 280,100 units from 285,500 a year earlier, according to the Society of Indian Automobile Manufacturers.
Renault Cuts €30 Million Severance Payment for Ghosn
2/13/2019Renault SA’s board has voted unanimously against granting former Chairman and CEO Carlos Ghosn two years of severance pay worth about €30 million ($34 million).
Waymo Fares Best in Self-Driving Vehicle Disengagement Report
2/13/2019Alphabet Inc.’s Waymo unit had the lowest ratio of “disengagements” of the 25 companies that tested autonomous vehicles in California last year.
Report: VW Balks at Investing in Ford’s Autonomy Unit
2/13/2019Volkswagen AG is resisting pressure to invest at least $500 million in Ford Motor Co.’s autonomous-car unit, sources tell Reuters.