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Ghosn Likely to Drop CEO Job at Renault before 2022
6/14/2018Carlos Ghosn tells the Financial Times he isn’t likely to remain CEO at Renault SA through his new contract, which will expire in 2022.
Nissan Turns to Emerging Markets as U.S. Demand Stalls
6/14/2018Nissan Motor Co. hopes to offset slowing sales growth in the U.S. with above-average expansion in China, India, the Middle East and Africa, Reuters reports.
UAW Confirms Jones as Its New President
6/14/2018Members of the United Auto Workers union have confirmed Gary Jones, formerly director of its 17-state Region 5, as their new president.
Ghosn Faces Another Battle Over Pay
6/13/2018Renault SA Chairman and CEO Carlos Ghosn will face another challenge from the French government about his compensation during the company’s shareholder meeting on Friday.
Ford, Daimler to Close Fuel Cell Venture
6/13/2018Ford Motor Co. and Daimler AG tell Reuters they plan to shut down their 10-year-old Canadian fuel cell venture this summer.
VW Accepts €1 Billion Fine in Germany for Diesel Emission Cheating
6/13/2018Volkswagen AG has been fined €1 billion by a prosecutor in Germany for rigging nearly 11 million diesel engines to evade emission regulations.
Fed Raises Interest Rate to 1.75%-2%
6/13/2018As expected, the Federal Reserve raised it overnight lending rate by 0.25 point to a range of 1.75%-2%. It was the central bank’s second quarter-point increase this year.
French Utility Supplier to Use EVs with Fuel Cell Range Extenders
6/13/2018ENGIE, a French electric utility company specializing in alternative energy, has taken delivery of 50 Renault Kangoo ZE electric vans outfitted with fuel cell range extenders.
Volvo Adds Polestar Performance Variants
6/13/2018Volvo Car Corp. is teaming up with its Polestar sub-brand to offer range-topping variants of some of the carmaker’s core products, with a focus on electrified models.
Alfa, Fiat, Ford, Jeep, Lancia, VW Brands to Skip Paris Auto Show
6/13/2018Fiat Chrysler Automobiles NV’s Alfa Romeo, Fiat and Jeep brands are the latest to opt out of the Paris auto show in September, according to multiple media reports.