Nissan expands Ghosn probe to include Renault alliance, report says
Nissan's investigation into alleged misconduct by Chairman Carlos Ghosn is expanding to include Renault-Nissan finances, sources told Reuters. Nissan told Renault's board on Monday it had evidence of potential wrongdoing at Renault-Nissan BV, the Dutch venture overseeing alliance operations under Renault's ultimate control.
Ghosn faces 10-year jail sentence if convicted of financial misconduct
Nissan Chairman Carlos Ghosn would face a maximum penalty of up to 10 years in prison and/or a fine of up to 10 million yen if convicted of financial improprieties in Japan.
Separating Renault-Nissan would be bloody
Nissan's superior earnings and volumes should put it in the driving seat of its alliance with Renault but the setup of the cross-shareholdings binding the companies together means that Renault, and ultimately the French government, will not let go of the keys.
Nissan's drama looks a lot like a palace coup
The downfall of kings is bloody and swift. That certainly looks to be the experience of Carlos Ghosn.
Calsonic reinvents itself with German CEO
If you really want to transform a company, hire a foreigner to run it. Japan's Calsonic Kansei did.
Ghosn's legacy at risk following arrest
Carlos Ghosn was set to end his career in a few years as a towering industry figure. But it seems that will no longer happen after his arrest in Japan on charges of financial misconduct.
Nissan to fire Ghosn for alleged financial misdeeds; Mitsubishi expects to do the same
Nissan Chairman Carlos Ghosn was arrested in Japan, and the Japanese carmaker he once saved from the brink of bankruptcy now plans to fire the high-flying executive for allegedly being the “master mind” behind “significant” financial misconduct. The move against Ghosn -- also head of the global behemoth Renault-Nissan-Mitsubishi Alliance -- sent shock waves around the automotive world on Monday.
Mulally: EVs are fun, but 'make no sense'
Former Ford Motor Co. CEO Alan Mulally, speaking at the National Auto Auction Association's annual convention, knocked tax credits and mandates for EVs as ineffective policy tools.
Trump wants acting EPA head Wheeler to become permanent
President Donald Trump said he would nominate the acting head of the Environmental Protection Agency, Andrew Wheeler, to take on the position permanently.
Daimler Financial chairman's retirement spurs leadership changes at Mercedes-Benz captive
Peter Zieringer, CEO of Mercedes-Benz Financial Services USA, will leave his post to lead Daimler Financial Services' European operations. Peter Henn will replace him.
Mulally: Ford 'will figure it out'
Despite the headwinds it faces today, including new mobility services that are disrupting the status quo in the auto industry, Ford Motor Co. "will figure it out," Alan Mulally, the automaker's retired CEO, said Wednesday at a conference on used vehicles.
No more Explorers in Egypt: Ford drops crossover from low-volume markets
The automaker is adjusting where it sells certain models and is reducing the number of available parts on a number of vehicles as it looks to maximize profits amid a global restructuring.
Musk's 'Teslaquila' prompts sobering opposition from the tequila industry
Elon Musk and Mexico's tequila producers could be headed for a collision after the drink's industry group opposed the Tesla CEO's efforts to trademark an alcoholic drink dubbed "Teslaquila."
Tesla loses a high-ranking lawyer just as SEC tightens grip
An experienced securities lawyer has left Tesla just as the company needs one under its fraud settlement with U.S. regulators.
FCA picks Gardner to lead Maserati in North America
Al Gardner, the head of FCA's dealer network in North America, will steer Maserati in the region. Gardner, 54, will report to Jean-Philippe Leloup, who joins Maserati from Ferrari.
Daimler CFO set to become Thyssenkrupp chairman, report says
Thyssenkrupp will propose outgoing Daimler CFO, Bodo Uebber, as a candidate for its supervisory board, with the aim of installing him as chairman, Reuters reported, citing two sources familiar with the matter.
New chief brings tech chops to CDK
New CDK Global CEO Brian Krzanich has no experience in the auto industry, but he might just have the tech skills the company needs.