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Reports Link Saudi Businessman to Ghosn Allegations
12/28/2018The Saudi businessman believed to have helped former Nissan Motor Co. Chairman Carlos Ghosn resolve personal financial losses reportedly is Khaled Al-Juffali, vice chairman of the Saudi Arabian Monetary Authority.
Musk: Pedophile Claim Was Just an “Imaginative Attack”
12/28/2018Tesla Inc. CEO Elon Musk says a defamation lawsuit filed against him in California for suggesting that a rescue worker in Thailand was a pedophile should be tossed out because no reasonable person would take the claim seriously.
Renault Again Pushes Nissan for a Special Stockholder Meeting
12/27/2018Renault SA has again requested Nissan Motor Co., in which it holds a 43% stake, to hold an extraordinary shareholders meeting following the indictment of ex-Chairman Carlos Ghosn on Dec. 10.
Tesla Prepares Leasing Unit in Shanghai
12/27/2018Tesla Inc. is setting up a wholly owned leasing unit in Shanghai.
SK Innovation to Hike Battery Capacity Tenfold
12/27/2018South Korean battery maker SK Innovation Co., which supplies batteries for electrified vehicles to BAIC, Daimler and Volkswagen, says it will boost its output capacity more than tenfold by 2022.
GM Korea to Spin Off Tech Center Unit on Jan. 2
12/26/2018General Motors Co. plans to spin off its South Korean unit’s r&d activities on Dec. 31 and register the unit as GM Technical Center Korea on Jan. 2.
Tesla Will Pay Tax Credits on Late Car Deliveries
12/26/2018CEO Elon Musk says Tesla Inc. will reimburse customers whose new cars aren’t delivered by the end of the year in time to qualify for a $7,500 federal tax credit.
Nissan Floats Possible Sale of Renault Stake
12/26/2018Nissan Motor Co. has revised its corporate governance code to signal that it could sell its 15% stake in Renault SA, which owns 43% of the Japanese carmaker.
Ghosn Aide Kelly Freed on Bond
12/25/2018Greg Kelly, the Nissan Motor Co. board member arrested with ex-Chairman Carlos Ghosn on Nov. 19, was released on bond on Christmas Day.
VW Spending to Fix Diesel Cheating Tops €27 Billion
12/24/2018Volkswagen Group has spent more than €27 billion ($30.8 billion) in the past four years to remedy 11 million diesels it had rigged worldwide to evade emission standards worldwide.