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Nissan CEO Signals He Will Step Down
1/24/2019Nissan CEO Hiroto Saikawa says he intends to relinquish his job after the company reforms governance problems revealed by the arrest of ex-Chairman Carlos Ghosn on charges of financial wrongdoing.
Bosch Buys Daimler Stake in Electric Motor JV
1/24/2019Robert Bosch GmbH is acquiring Daimler AG’s stake in the 50:50 EM-motive GmbH electric motor joint venture the companies established in 2011.
Audi Targets €15 Billion Cost Cuts
1/24/2019Volkswagen AG’s Audi unit reportedly aims to reduce its costs by some €15 billion ($17 billion) by 2022.
Apple Drops 200 Members of Autonomous Vehicle Project
1/24/2019Apple Inc. confirms it has dismissed more than 200 members of Project Titan, its secretive autonomous-vehicle development program.
Study: Ride-Hailing Cuts Public Transit Usage
1/24/2019Bus and rail ridership has fallen more than 1% per year in U.S. cities where ride-hailing services are available, according to study by the University of Kentucky.
Ghosn Replaced as Chairman, CEO of Renault
1/24/2019Carlos Ghosn has officially resigned as chairman and CEO of Renault SA, two months after being jailed in Japan for financial wrongdoing at Nissan Motor Co.
JLR Tests Directional Alerts for Autonomous Cars
1/24/2019Jaguar Land Rover Ltd is developing a system that projects the intended direction of travel onto the road ahead of a self-driving vehicle to alert other road users.
Bugatti Rules Out SUV
1/24/2019Volkswagen AG’s Bugatti brand has no plans to follow other ultra-luxury marques to launch an SUV/crossover.
Honda Readies Tiny EV
1/24/2019Honda Motor Co. says it will reveal a near-production version of its Urban EV concept at the Geneva auto show in March.
Boeing Tests Flying Taxi
1/24/2019This week Boeing Co. tested a prototype flying taxi this week at a Virginia airport.