Hyundai, Kia sue four big U.S. railroads for fuel surcharges

Kia motors logo

Hyundai Motor and its Kia affiliate have taken legal action against the four largest U.S. railroads, alleging them of violating U.S. antitrust law by conspiring to drive up shipping costs though coordinated fuel surcharges. The South Korean automakers submitted three lawsuits on Monday alleging BNSF, CSX Corp, Norfolk Southern and Union Pacific of putting the […]

Nissan expected to cut 12,500 jobs worldwide

Nissan Motor logo

Japanese automobile mammoths, Nissan have announced that they will cut 12,500 jobs worldwide after profits dropped to almost zero. Nissan, Japan’s second largest automobile manufacturers released this statement on Thursday. They announced that their profits were almost worn to frazzle. The made the announcement on Thursday after their operating profits dropped by 99% in the […]

Toyota, Subaru team up to develop electric SUV in a battle against prices

Subaru WRX

Toyota Motor and Subaru on Thursday stated they prepare to jointly develop a battery-electric sport-utility vehicle (SUV) on a platform produced together as they look forward to splitting the cost of producing the lower-emissions car. The pair will apply Subaru’s all-wheel-drive technologies and Toyota’s vehicle electrification technologies to the new SUV, that each will sell […]

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 […]