Hyundai Motor plans to issue funding worth 1.7 trillion won ($1.5 billion) to stabilize management of its providers, the company stated on Thursday. The funding is designed to also encourage
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Hyundai Motor on Tuesday started South Korean sales of its Palisade large sport utility vehicle (SUV), a model it hopes would spearhead a sales recovery in the United States when
A Tokyo court on Tuesday turned down former Nissan Motor chairman Carlos Ghosn’s appeal to end his detention after his arrest last month on alleged financial misconduct. Ghosn has been
Hyundai Motor’s two vice chairmen in charge of research and development (R&D) have offered to resign, three people knowledgeable with the matter informed Reuters. R&D president Albert Biermann is likely
A Rio de Janeiro apartment having cash, art works and personal belongings of Carlos Ghosn has become the new battleground between the indicted former Nissan Motor chairman and the automaker.
Tokyo prosecutors indicted ousted Nissan Motor chairman Carlos Ghosn for under-reporting his earnings and also formally charged the automaker, making the firm guilty for the financial misconduct scandal that has
Nissan stated it was looking to block former chairman Carlos Ghosn’s access to an apartment located in Rio de Janeiro, mentioning a risk that the executive, arrested and eliminated from
Nissan informed Renault its CEO Hiroto Saikawa was not able to attend an Amsterdam meeting as he was helping Tokyo prosecutors investigating alleged misconduct led by Carlos Ghosn, chairman of
Nissan Motor stated on Friday it will recall 150,000 additional vehicles in Japan because of improper final inspections prior they were delivered from two Japanese manufacturing plants. “Nissan has newly found
Tokyo prosecutors prepare to indict former Nissan Motor Chairman Carlos Ghosn on Monday for financial misconduct, the Nikkei business daily noted, ratcheting up their case against the auto tycoon. Prosecutors
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