Nissan Motor retains Saikawa as CEO

Hiroto Saikawa

Nissan Motor stated Friday that Hiroto Saikawa would remain as chief executive, backing the protege of former chairman Carlos Ghosn even as top shareholder Renault had previously pushed for a modification in the Japanese automaker’s leadership. Saikawa’s re-appointment is likely to be observed as a rebuff to Renault SA, which has pushed for leadership modifications […]

German auto sector could experience some decline if Trump announces tariffs

Berlin

Germany’s automotive sector could drop as much as 12% over “three bad trading days,” if the US President Donald Trump imposes tariffs on European automakers, one analyst informed CNBC. Trump has until Friday midnight (Washington time) to decide if he should impose duties on auto imports. This would possibly damage Germany, the EU’s traditional growth engine, since […]

Judge questions SEC on delay in filing Volkswagen civil suit

Volkswagen logo

A federal judge on Friday asked the U.S. Securities and Exchange Commission on the timing of its civil suit submitted in March alleging Volkswagen AG of defrauding investors and demanded the agency describe its rationale. Volkswagen was caught using illegal software to evade U.S. pollution tests in 2015, causing a global backlash against diesel vehicles […]