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VW exec Schmidt pleads not guilty, but must stay behind bars, judge says

UPDATED: 2/23/17 2:45 pm ET - adds VW statement

Volkswagen executive Oliver Schmidt will remain behind bars as an extreme flight risk even after not-guilty pleas were entered on his behalf during his arraignment Thursday in U.S. District Court in Detroit.

Ghosn hands Nissan reins to cost-focused lieutenant

Newly promoted to CEO at Nissan, Hiroto Saikawa will bring a gruff, tough, no-nonsense approach to leading Japan's second-biggest car maker at a time of rapid technological change in the industry.
BLOG: The skeptics didn't know Carlos Ghosn
■ Nissan can manage just fine without Ghosn at the wheel
■ Ghosn steps down as Nissan CEO, hands reins to Saikawa as focus shifts

Visteon builds on electronics segment gains in Q4

Electronics supplier Visteon said it swung to a $31 million profit on its continuing operations in the fourth quarter of 2016, compared with a loss of $68 million last year.

Dave Versical
The skeptics didn't know Carlos Ghosn

Bob Lutz didn't think Nissan could be saved. At that moment in the late 1990s, Lutz was CEO of battery maker Exide and Nissan was on the brink of failure. Enter Carlos Ghosn, who quickly promised a quick return to profit.

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