French Finance Minister Bruno Le Maire stated on Tuesday he expected French automaker, Renault, to name its new CEO in a few days. Le Maire also stated on French CNews TV that media reports that some Nissan executives aimed to break up the alliance with Renault were “malicious”. Nissan stated on Tuesday it was “in […]
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Peugeot family wants to quickly increase PSA-Fiat Chrysler stake
The Peugeot family, which is set to own a 6.2% stake in the new automaker resulting from PSA and Fiat Chrysler’s merger, aims to boost its holding as soon as possible, a representative stated in an interview. PSA and Fiat Chrysler agreed to a binding agreement earlier month on a $50 billion tie-up that will […]
Carlos Ghosn refers to himself as a “fugitive of injustice”
According to a recent report by CBS News, Correspondent Charlie D’Agata asked Former Nissan chairman that “It was a big risk that you took.” “I know, but it was a bigger risk to stay,” replied Ghosn. By ‘risk’, CBS states that Ghosn was referring to the box that allegedly helped him in getting inside and […]
Derailment resulted in train car pileup in Dunn County
A train derailed in Dunn County resulted in a pileup of train cars on Highway 12 Sunday. The Menomonie Fire Department stated the incident occurred around 4 pm on Highway 12 and 190th Street close to the Village of Knapp. The department stated that about 18 train cars are piled alongside the tracks. Officials stated […]
Lindsay Lohan’s mother Dina Lohan arrested for DWI after car crash
Dina Lohan, mother of Lindsay Lohan, has been arrested as she was allegedly driving while intoxicated after t-boning another driver outside of a New York steakhouse. A spokesperson for the Nassau County Police Department confirmed that Lohan, 57, struck another car outside of an Outback Steakhouse during Saturday night. The outlet states that Lohan fled the scene, […]
Sony Vision S Electric Car Concept Breaks Cover
Sony is among the biggest electronics giants on the planet, with gadgets varying from smartphones, cameras, speakers, earphones, tablets, laptops and whatnot. It always had a strong presence at the Consumers Electronics Show and in 2020, the Japanese company revealed an electric car concept called the Sony Vision S, which indeed comes as a surprise. […]
Mercedes-Benz to build smart brand cars with Geely
Mercedes-Benz is set to build smart-branded electric cars with Zhejiang Geely Holding Group in Xian, China from a base with a yearly capacity of around 150,000 vehicles, a senior official from its German parent Daimler AG stated on Saturday. Daimler’s Executive Vice President in China Leng Yan informed Reuters on the sidelines of China’s EV100 […]
General Motors sales dropped in China sales for another year
General Motors’s vehicle sales in China dropped for a second year as total auto sales decreased amid a sluggish economy and due to the competition in the major mid-priced sport utility vehicle (SUV) segment. Sales in 2019 dropped 15% from a year previously to 3.09 million vehicles, GM, China’s second-biggest foreign automaker, stated. GM delivered […]
Ford Mustang is the best selling American muscle car in 2019
Three months after the Dodge Challenger had beaten the Ford Mustang away on the third-quarter reports, the car pulled away for a significant full-year win among American muscle cars. Ford moved 17,124 in the fourth quarter to complete 2019 at 72,489, thus beating the Challenger’s ultimate tally of 60,997. Dodge sold 18,301 of the aging coupes – […]
Japan seeks Interpol wanted notice for the wife of Carlos Ghosn
Japanese authorities have asked the International Criminal Police Organization (ICPO) for an Interpol wanted notice for the wife of former Nissan Motor chairman Carole Ghosn, local media reported on Saturday. If the notice is released for his wife, Carole, the couple’s travel chances outside of Lebanon may be restricted, Mainichi newspaper noted. Interpol has already […]
57% increase in New Orleans car break-ins, officials push for solutions
Prior to the latest ransomware attack complicated access to the crime statistics of New Orleans. New Orleans at the end of the year with 6,377 car break-ins — a 57% boost from 2018. The count has boosted in each of the last five years and has increased by about 160% since 2015, when there were […]
Geely in talks to grab a stake in Aston Martin
China’s Geely Automobile Holding is discussing with Aston Martin management and investors regarding a stake in the luxury carmaker that it wants to take, according to a source knowledgeable about the discussions and a report by the Financial Times, resulting in an increase in the British company’s share price. The Chinese group is carrying out […]
Seat brand chief steps down as Renault continues to search for CEO
Volkswagen on Tuesday stated that Luca de Meo has stepped down from his present role as head of its Spanish Seat brand just as competitor Renault intensifies efforts to discover a new CEO. “Luca de Meo, Chief Executive of Seat S.A. has had his duties as chief executive of Seat revoked at his own request […]
Why Buying A Used Car Might Turn Out To Be A Brilliant Idea
Have you ever wondered why new cars are always costly? Well, the main reasons perhaps could be the advanced features that the car has, or even its functionality and so on. But truth be told, as much as everyone would prefer having a brand new car, sometimes our pockets do not allow. However, the good […]
Jaguar Land Rover’s sales dropped, but there are signs of recovery
Automaker Jaguar Land Rover (JLR) posted a 6% decline in full-year sales on Friday after a difficult year in which its performance was hit by the declining Chinese auto market and declining demand for diesel vehicles in Europe. Retail sales stood at 557,706 vehicles in the last year, hit by a 13.5% downturn in China, […]
