Renault has named Luca de Meo, the former head of Volkswagen’s Seat brand, as its next CEO. De Meo’s appointment completes one of the biggest tasks at the French automakers which was left to be done after it cleared the decks afters the 2018 arrest of former boss Carlos Ghosn, and as it seeks to […]
Author: admin
General Motors to invest $3.5 billion in Michigan under revised tax credit deal
Michigan last week agreed to modify decade-long tax breaks for General Motors in exchange for the company’s promise to invest at least $3.5 billion more over 10 years, which will include building of electric pickup trucks in Detroit. According to the deal — the seventh amendment to the home state automaker’s incentives since 2009 — […]
Lebanon and Japan have 40 days to make a decision on Carlos Ghosn
Lebanon and Japan have about 40 days to make a decision regarding ousted Nissan chairman Carlos Ghosn whether he will be extradited to Japan or stand trial in Lebanon, a judicial source and a source close to Ghosn stated on Thursday, following his escape from Japan last month. Ghosn fled to Lebanon, his childhood home, […]
Ford to pay over $30 million for lawsuit over transmissions
Ford will pay no less than $30 million in a proposed settlement concerning a class-action lawsuit associated with failing transmissions in its Fiesta and Focus vehicles. The lawsuit represents almost 2 million owners and former owners of the cars, which had bad dual-clutch transmissions, the Detroit Free Press reported the incident, citing court documents. Other than the […]
Fiat Chrysler rejects union bribery allegations in GM lawsuit
Fiat Chrysler is moving to reject a racketeering lawsuit filed by competing automaker General Motors, rejecting allegations that it bribed union officials to impose higher labor costs on GM. In papers submitted Friday with the federal court in Detroit, FCA argued that GM’s lawsuit is far from facts. It also said that even if the […]
Trump administration to increase fuel economy standards, well below Obama plan
The Trump administration is making a concession on its proposed minimum fuel economy standard for new vehicles, but environmental groups and a key Democratic senator are not happy that it does not go far enough, and still falls well below the standards set under the Obama administration. Fuel economy standards would boost 1.5% per year […]
Seat’s de Meo probably in talks with Renault, says Herbert Diess
Herbert Diess, chief executive of Volkswagen, stated Luca de Meo, who stepped down as chief executive of the German automaker’s Spanish Seat brand this month, was probably in talks with French automaker Renault. The Italian-born de Meo was a chairman of Seat’s executive committee for four years, supervising a resurgence in the Barcelona-based company’s sales […]
Delta Air Lines fined $50,000 for booting off 3 Muslim passengers
Delta Air Lines is being fined $50,000 for asking three Muslim passengers to get off planes even after the airline’s own security officials had cleared them to travel. Delta rejected that it discriminated against the passengers in two different incidents but agreed it could have managed the situations differently, according to a consent order issued […]
French investigators probe palace party related to Ghosn prosecution
French prosecutors are probing a party which former Renault-Nissan chairman Carlos Ghosn threw for his wife at the sumptuous Versailles palace will in the next few weeks ask judges to examine the case, bringing a prosecution a step closer. Prosecutors have been checking whether Ghosn – currently in Lebanon after he fled from Japan on […]
New regulations could bump emotional-support animals from planes
The times of passengers bringing their pets on airplanes as emotional-support animals could be seeing its end soon. The U.S. Department of Transportation on Wednesday proposed that only specially trained dogs eligible as service animals, which must be permitted in the cabin at no charge. Airlines could prohibit emotional-support animals including untrained dogs, cats and […]
Tesla overtakes Volkswagen as second most valuable automaker globally
American automaker Tesla Inc has overtaken Germany’s Volkswagen AG as the world’s second most valuable automaker behind Japan’s Toyota Motor, as the meteoric increase in the U.S. electric vehicle maker’s shares reshuffles the international market. Tesla’s stock has more than doubled in value in these three months, with its market capitalization reaching $100 billion on […]
U.S. regulator to review the complaint against Mahindra
A U.S. regulator stated it will review part of a recommendation made last year that Indian automaker Mahindra and Mahindra infringed upon the intellectual property rights of Fiat Chrysler Automobiles’ Jeep SUV design. The International Trade Commission (ITC) stated it would take a look into administrative law judge’s initial determination last November that Mahindra’s Roxor […]
Jeep, Suzuki models found to have broken EU emissions regulations
Fiat Chrysler’s Jeep Grand Cherokee and Suzuki’s Vitara diesel models both breach emissions rules and must be fixed or be subjected to the ban on sales across Europe, the Dutch road authority ruled on Thursday. The RDW authority, acting as the reference regulator throughout the European Union, stated Jeep had developed a software repair and […]
WWII-era ammunition found at Tesla gigafactory site
Officials in Germany say 85 kilograms (187 pounds) of World War II ammunition have been discovered on the site where Tesla prepares to build its first factory in the entire continent. Local newspaper Maerkische Oderzeitung quoted authorities in Brandenburg on Wednesday saying that they estimate about 25 unexploded bombs could be discovered at the partially […]
Peugeot merger talks progressing well, says CEO Michael Manley
Fiat Chrysler’s CEO Michael Manley stated on Wednesday that merger talks with Peugeot owner PSA to form the world’s No. 4 automaker are progressing well and he hopes to have a deal completed under 12-14 months. Discussing with Reuters on the sidelines of an industry meeting, Manley said he doesn’t expect any major hindrance that […]
