France warns against ‘exorbitant’ payoff for ex-Renault boss Ghosn
PARIS (Reuters) – France’s finance minister said on Sunday a severance package for former Renault chief Carlos Ghosn, forced to…
Boeing’s flying car lifts off in race to revolutionize urban travel
SEATTLE (Reuters) – Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural…
Overseas losses drag down Ford fourth-quarter results
DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday posted a lower operating fourth-quarter profit as losses in every global…
Tesla’s Model 3 gets green light in Europe
FILE PHOTO: A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show…
Industry must rein in spend on electric, self-driving cars: Magna CEO
DETROIT (Reuters) – Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to…
Nissan has canceled lease on Ghosn’s Tokyo apartment: Ghosn lawyer
A court sketch, drawn by Nobutoshi Katsuyama, shows ousted Nissan Motor Co Ltd chairman Carlos Ghosn during an open hearing…
Volkswagen hires Apple executive for autonomous vehicle role
FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao…
France presses Renault over executive compensation paid via Dutch holding company
PARIS (Reuters) – The French government has told Renault (RENA.PA) to provide more details on compensation paid to senior executives…
German state of Baden-Wuerttemberg sues VW for damages: FAZ
FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018.…
Tesla urges tariff exemption for Chinese-made car computer ‘brain’
WASHINGTON (Reuters) – Tesla Inc has asked the Trump administration to exempt the Chinese-made car computer “brain” of its new…
Nissan’s Ghosn to make first public appearance in 7 weeks in court on Tuesday
TOKYO (Reuters) – Ousted Nissan Motor Co Ltd (7201.T) chairman Carlos Ghosn is set to make his first public appearance…
GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout: source
FILE PHOTO – The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe, in Coahuila state,…
Tesla shares drop on price cut, disappointing Model 3 deliveries
(Reuters) – Shares in Tesla Inc (TSLA.O) dropped as much as 9 percent on Wednesday on worries of future profitability,…
Japan court extends Ghosn detention by 10 days
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second press day…
BMW names Vukotich as new head of autonomous driving development
FILE PHOTO: A BMW logo is seen at a car dealership in Vienna, Austria, May 30, 2017. REUTERS/Heinz-Peter Bader FRANKFURT…
U.S., Canada, Mexico sign trade deal, Trump shrugs off Congress hurdle
BUENOS AIRES (Reuters) – The United States, Canada and Mexico signed a North American trade pact on Friday, and President…
GM CEO to meet with U.S. lawmakers over job cuts
FILE PHOTO: General Motors CEO Mary Barra at a press conference at the North American International Auto Show in Detroit,…
GM to slash jobs and production, drawing Trump’s ire
DETROIT (Reuters) – General Motors Co said on Monday it will cut production of slow-selling models and slash its North…
Explainer: The Ghosn affair and Renault-Nissan’s uneasy relationship
PARIS (Reuters) – Nissan’s (7201.T) board ousted Chairman Carlos Ghosn on Thursday following the auto industry star’s arrest in Japan…
France, Japan reaffirm support for Renault-Nissan alliance
The Renault automaker company logo is displayed on a dealership in Paris France, November 21, 2018. REUTERS/Gonzalo Fuentes PARIS (Reuters)…
Nissan ends Ghosn’s two-decade reign with last-minute Renault backing
YOKOHAMA, Japan/PARIS (Reuters) – Nissan’s (7201.T) board voted unanimously to oust Chairman Carlos Ghosn over allegations of financial misconduct, after…
Elon Musk says deleted his Tesla titles
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk took to Twitter on Monday, saying he deleted his Tesla…
One trillion yuan: China state carmaker FAW gains huge credit line
BEIJING/SHANGHAI (Reuters) – China’s state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line…
Fiat Chrysler agrees to sell Magneti Marelli to Calsonic Kansei: sources
MILAN/LONDON (Reuters) – Fiat Chrysler (FCHA.MI) (FCA) has agreed to sell its Magneti Marelli unit to KKR’s (KKR.N) Calsonic Kansei,…
U.S. environmental agency says in talks with Volvo over emissions issue
STOCKHOLM (Reuters) – The U.S. Environmental Protection Agency said on Wednesday it has been in talks with Volvo over the…
Daimler, BMW offer concessions to ease EU concerns on car-sharing deal
BRUSSELS (Reuters) – German luxury carmakers Daimler (DAIGn.DE) and BMW (BMWG.DE) have offered concessions to address EU antitrust concerns about…
Ford picks BBDO as lead creative agency in blow to Britain’s WPP
(Reuters) – Ford (F.N) has chosen Omnicom’s (OMC.N) BBDO as its lead creative advertising agency in a symbolic blow to…
Cadillac edges Tesla in semi-automated driving test
(Reuters) – General Motors Co’s (GM.N) Cadillac outscored Tesla Inc (TSLA.O) in a new ranking of partially automated driving systems…
Honda to invest $2.75 billion in GM’s Cruise self-driving unit
WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion in General Motors Co’s (GM.N) Cruise Automation,…
NAFTA talks run up against deadline; U.S. tariffs remain tough issue
OTTAWA (Reuters) – With little time left ahead of a deadline to agree to a renewed NAFTA, Canadian and U.S.…
SEC chairman says Tesla settlement in ‘best interests’ of shareholders
WASHINGTON (Reuters) – U.S. Securities and Exchange Commission chairman Jay Clayton said in a statement on Saturday that the agency’s…
Musk to resign as Tesla chairman, remain as CEO in SEC settlement
WASHINGTON/SAN FRANCISCO (Reuters) – Tesla and Elon Musk have agreed to pay $20 million each to financial regulators and the…
Knorr-Bremse discloses dispute with Bosch in IPO prospectus
MUNICH (Reuters) – German brake maker Knorr-Bremse has disclosed a contractual dispute with Robert Bosch GmbH ahead of a stock…
GM will recall more than 3.3 million vehicles in China: market regulator
BEIJING (Reuters) – General Motors’ joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, Chevrolet and…
Canada PM says informal NAFTA talks likely in next few days at U.N.
MONTREAL (Reuters) – U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal…
Brazil space station open for small satellite business
ALCANTARA SPACE CENTER, Brazil (Reuters) – Brazil is ready to launch small commercial rockets from its space base near the…
GM to recall more than one million vehicles in the U.S
(Reuters) – General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United…
Tesla executive exits, CEO smokes pot on webcast, shares reel
(Reuters) – Tesla Inc Chief Executive Elon Musk was filmed smoking marijuana, drinking whiskey and wielding a sword just hours…
VW faces 9.2 billion euros investor suit over dieselgate scandal
FRANKFURT (Reuters) – Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing…
Elliott demands fresh revamp at Hyundai Motor Group
SEOUL (Reuters) – U.S. activist hedge fund Elliott Management has renewed its pressure on Hyundai Motor Group with a fresh…
Toyota plans to recall 1 million hybrid models over wiring issue
TOKYO (Reuters) – Toyota Motor Corp (7203.T) said on Wednesday it planned to recall around 1.03 million vehicles, including its…
U.S. to move ahead with Mexico trade pact, keep talking to Canada
WASHINGTON/TORONTO (Reuters) – Contentious U.S.-Canada trade talks ended on Friday with no deal to revamp the North American Free Trade…
India’s Mahindra says Fiat Chrysler files patent complaint in U.S.
(Reuters) – India’s Mahindra and Mahindra Ltd (MAHM.NS) said on Wednesday Fiat Chrysler Automobiles U.S. LLC filed a patent violation…
Canada rejoins NAFTA talks as U.S. autos tariff details emerge
WASHINGTON (Reuters) – Canada’s top trade negotiator praised Mexico’s trade concessions on autos and labor rights on Tuesday as she…
U.S., Mexico reach NAFTA deal, turn up pressure on Canada
WASHINGTON (Reuters) – The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA),…
Exclusive: U.S., Mexico reach NAFTA deal; talks with Canada to start immediately
WASHINGTON (Reuters) – The United States and Mexico reached a deal on Monday to replace the North American Free Trade…
Mexico, U.S. likely ‘hours’ away from NAFTA agreement -minister
WASHINGTON (Reuters) – U.S. and Mexican trade negotiators are “hours” away from squaring away bilateral differences on the North American…
Trump says Mexico trade deal near; NAFTA hurdles seen easing
WASHINGTON (Reuters) – President Donald Trump said on Saturday that the United States could reach a “big Trade Agreement” with…
Tesla CEO Musk drops pursuit of $72 billion take-private deal
(Reuters) – Tesla Inc Chief Executive Elon Musk said late on Friday he would heed shareholder concerns and no longer…
Foreign automakers oppose Trump NAFTA plan as U.S-Mexico talks resume
WASHINGTON (Reuters) – Foreign-brand automakers with U.S. plants do not support Trump administration rules to raise the amount of local…
Musk says talking to Saudi fund, others on Tesla buyout
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia’s sovereign…
Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout
DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O)…
Doug Field, former Tesla engineering chief, returns to Apple
SAN FRANCISCO (Reuters) – Doug Field, who stepped down as the senior vice president of engineering at Tesla Inc (TSLA.O)…
U.S. built Mercedes-Benz SUV’s held up by Chinese customs
FRANKFURT (Reuters) – Mercedes-Benz sports utility vehicles built in Tuscaloosa, Alabama, are being checked for potential problems by Shanghai customs…