Nissan and Renault reaffirm alliance
Though the talks about Nissan chairmanship were avoided Top executives from Nissan and Renault on Thursday reaffirmed the necessity of an alliance that has been pressured by removal of former Chairman Carlos Ghosn, but avoided discussing the potentially controversial issue of Nissan’s next chairman. The recently appointed chairman of France’s Renault SA, Jean-Dominique Senard, travelled
Renault embarks on post-Ghosn era with smaller profit goal
Renault’s beginning of a new era Renault set a weaker full-year profit goal on Thursday, mentioning currency challenges and market uncertainties, as the French automaker presented annual results without its ousted CEO Carlos Ghosn for the first time ever in 13 years. Under new leadership since ouster of Ghosn, Renault targeted profitability of “around 6
- Published in Press Releases, Renault
Skoda’s January deliveries drops 1.1 percent year-on-year to 102,600 cars
Skoda Auto, the Czech unit of Volkswagen, stated on Thursday its worldwide deliveries fell 1.1 percent in January to 102,600 cars. “The main reason behind this trend is the overall decline in the passenger car markets of China and Central Europe,” Skoda stated. Deliveries in China fell 11.7 percent and central European deliveries dropped 11.6
- Published in Skoda
Waymo builds big lead in autonomous car testing
Waymo Appears to be ahead of their competitors The gap between the most advanced self-driving car firms and their competitors that have hard time to make their technology safe for the roads broadened last year, the new figures released on Wednesday show. The data, concerning testing of autonomous vehicles in California, sowed the big lead
- Published in Google
1.48 million F-150 pickups recalled in North America due to transmissions
Ford Motor stated on Wednesday it was recalling 1.48 million F-150 pickup trucks in North America because of a potential transmission downshift issue that could boost the chances of a crash. The automaker stated select 2011-2013 model year trucks with six-speed automatic transmission could see an unintended downshift into first gear without caution, which could
- Published in Ford
Colorado woman charged in deadly Nebraska crash
A Colorado woman has been charged with murder for the death of her passenger when her pickup truck collided in the Nebraska Panhandle. Garden County Court records state 39-year-old Molly Raymer, of Milliken, Colorado, is also charged with drunken driving and intentional reckless driving. The records don’t list the name of an attorney who could discuss
- Published in USA
Ford informed UK PM it is planning alternative production sites
Ford Motor informed British Prime Minister Theresa May that it is planning to move production out of Britain, The Times reported on Tuesday. The automaker informed the prime minister during a private call with business leaders that it is looking into alternative sites abroad, The Times noted. Ford was not immediately available for discussing the
- Published in Ford
Renault’s Senard to meet Nissan CEO Saikawa this week
Renault’s chairman will meet Nissan’s CEO this week in Japan as they look forward to cement their collaboration after the elimination of former alliance leader Carlos Ghosn, the Japanese automaker stated on Tuesday. Jean-Dominique Senard, named chairman of the French automaker last month, is going to visit Nissan’s headquarters located in Yokohama to meet the
Renault: Carlos Ghosn remains director of Renault
Carlos Ghosn is still a director of Renault SA even though he has resigned as chairman and chief executive and Thierry Bollore is now chairman of the Renault-Nissan, Renault stated on Tuesday. “In addition to the Board of Directors’ communication of January 24, 2019, Renault wishes to mention that Mr. Ghosn resigned from his terms
- Published in Renault
Nissan Motor books $84 million Ghosn-related charges
Nissan Motor stated it had booked about $84 million in charges associated to under-reported compensation for former chairman Carlos Ghosn, and cut its yearly profit outlook on weaker worldwide sales. Ghosn, arrested and detained in Tokyo since November 19, has been indicted in Japan on charges of under-reporting his income at Nissan over 2010-2018. He
- Published in Nissan
T. Rowe Price reduces stake in Tesla to 5.2 percent
Tesla Inc shareholder T. Rowe Price Group Inc had a 5.2 percent stake in the electric car maker as of end-December, approximately half its earlier stake, a regulatory filing on sec.gov revealed on Monday. As of September, the company had a 10.12 percent stake in Tesla. Shares of Tesla increased 3 percent at $315.16 during
- Published in Tesla
4 Tips In Buying Canandaigua Used Cars
There are so many choices available in the market, finding the right second-hand car can be a bit of a challenge. It is wise to check on the details in buying used cars first. You may visit this site to find helpful information that you may need. To make sure that you’ll not end up
- Published in Cars
Driver hit by own car as lorry ploughs in to it
A driver was hit and hurt by his own broken-down car after a lorry ploughed into it. The car had come to a standstill on the inside lane of the A421 close to Great Barford, Bedfordshire, at 07:10 GMT. “Luckily the driver was out of the vehicle” when it was “hit by an HGV who
- Published in Press Releases, UK
German prosecutors looks into possible fine for supplier Bosch
Prosecutors in Stuttgart, Germany, are looking into a possible fine for auto supplier Robert Bosch for dealing Volkswagen with engine management software that the automaker used to cheat vehicle emissions tests. Volkswagen has paid out over 27 billion euros ($31 billion) in fines for using illegal software to disguise excessive levels of pollution from its
- Published in Volkswagen
Fiat Chrysler paid $77 million in U.S. fuel economy penalties
Fiat Chrysler Automobiles NV stated on Thursday it paid $77 million in U.S. civil penalties late last year for not meeting 2016 model year fuel economy regulations, the first major sign the industry is facing hurdles meeting increasing emissions rules. The Italian-American automaker has been lobbying the Trump administration to modify fuel economy regulations and