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Ghosn Nixes Special Renault-Nissan Exec Bonus Plan
6/15/2017Renault-Nissan CEO Carlos Ghosn refutes a report that the alliance is preparing to give top executives access to a secretive secondary bonus channel.
Partners Target Autonomous Taxis for 2020 Tokyo Olympics
6/15/2017Japanese robotics maker ZMP Inc. says it is working with Hinomaru Kotsu, which operates 600 taxis in Tokyo, on autonomous vehicles for the 2020 Summer Olympics.
Report: Bosch Plans €1 Billion Chip Plant in Germany
6/15/2017Robert Bosch GmbH plans to erect a €1 billion ($1.1 billion) semiconductor plant in Dresden, Germany, a source tells Reuters.
Cummins to Add Electrified Powertrains in 2019
6/15/2017Engine-maker Cummins Inc. says it will begin delivering plug-in hybrid and full-electric power systems to unnamed commercial truck customers in 2019.
Daimler Invests in Middle East Ride-Hailing Service
6/15/2017Daimler AG has joined a $150 million funding round by Careem, a Middle Eastern ride-booking service based in Dubai.
IAC Opens India Tech Center
6/15/2017International Automotive Components Group has opened an engineering center in Pune, India.
FCA Recalls 297,000 Minivans for Airbag Flaw
6/15/2017Fiat Chrysler Automobiles NV is recalling some 297,000 of its minivans to fix faulty wiring that could cause the driver’s front airbag to deploy when it shouldn’t.
China’s GAC Auto Targets 2019 Debut in U.S.
6/15/2017China’s Guangzhou Automobile Group Co. (GAC Auto) says it intends to enter the U.S. car market in 2019.
VW May Offer Extended Warranties on Cheater Diesels in Europe
6/15/2017Volkswagen AG is willing to extend warranties for two years on the cheater diesels it sold in Europe, but it continues to refuse to pay owners direct compensation, according to EC consumer affair commissioner Vera Jourova.
No U.S. Approval Yet for FCA Diesel Fixes
6/15/2017U.S. regulators are still weeks or months away from approving Fiat Chrysler Automobiles NV’s proposed updates to diesel engines that had been fitted with undisclosed emission control software, according to the Dept. of Justice.