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Ghosn Says He’s a Victim of “Plot and Treason”
1/30/2019Ex-Nissan Motor Co. Chairman Carlos Ghosn claims his arrest in mid-November was the result of “plot and treason” by executives who oppose his effort to consolidate the Renault-Nissan-Mitsubishi alliance.
Mercedes Adds In-Car Infotainment Orders
1/30/2019Buyers of select Mercedes-Benz vehicles in Europe are now able to purchase additional infotainment services directly through their vehicles’ audio system.
Renault-Nissan-Mitsubishi Alliance Tops Global Sales Again
1/30/2019The Renault-Nissan-Mitsubishi alliance sold 10.76 million cars and light trucks in 2018, up 1.4% from 2017, to remain the top-selling automotive group, according to company reports.
Freudenberg Increases Stake in Battery Company
1/30/2019Freudenberg Sealing Technologies has increased its stake in Xalt Energy LLC, a Midland, Mich.-based supplier of lithium-ion batteries, from 31% to more than 50%.
Nissan, Renault Hire Auditor to Head Alliance Probe
1/30/2019Nissan Motor Co. and Renault Group have hired Mazars Group, the French auditor, to look for possible financial misconduct within their 20-year-old alliance.
Dealers Sue Colorado for Adopting Calif. Emission Rules
1/30/2019Auto dealers in Colorado have sued the state’s air quality commission for adopting California’s low-emission standards.
Mazda Buys Out Ford Stake in Chinese Engine Venture
1/30/2019Mazda Motor Corp. has acquired Ford Motor Co.’s 25% stake in a three-way engine-making joint venture in China.
Harley-Davidson Fourth-Quarter Income Plunges 94%
1/29/2019Motorcycle maker Harley-Davidson Inc. saw its net income in last year’s fourth quarter plummet to $495,000 from $8.3 million in the 2017.
Lexus Mulls F-Badged Performance SUV
1/29/2019Toyota Motor Corp.’s Lexus unit is considering a performance variant of one of its SUV/crossover models.
Brake Supplier Akebono Seeks Turnaround Aid
1/29/2019Japanese brake system supplier Akebono Brake Industry Co. has filed for an out-of-court turnaround and is seeking financial aid to avoid bankruptcy, The Nikkei reports.