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Manufacturing

Visteon CEO battle: 'Vendetta' or get-tough stance?

Visteon, in disclosing the online porn and prostitution pursuits of former CEO Tim Leuliette, appears to have joined a movement among corporations to air executive indiscretions rather than sweep them under the rug.

UPDATED: 6/15/18 5:54 pm ET - adds details

VW could face further fines from German authorities

VW could face additional fines in Germany on top of the 1 billion euros it has been told to pay for management lapses that caused emissions cheating on 11 million VW diesel cars.

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MORE MANUFACTURING NEWS OEM/SUPPLIERS EXECUTIVES
Visteon CEO battle: 'Vendetta' or get-tough stance?

Visteon, in disclosing the online porn and prostitution pursuits of former CEO Tim Leuliette, appears to have joined a movement among corporations to air executive indiscretions rather than sweep them under the rug.

UPDATED: 6/15/18 5:54 pm ET - adds details
GM exploring strategic options, possible spin-off of Cruise unit

GM has begun researching strategic options for Cruise Automation that include a public sale of shares, listing a separate tracking stock, or spinning off the unit, Bloomberg reported, citing people familiar with the matter. GM won't make a decision until Cruise is further along in development and may not take any action for a couple of years, if at all.

VW board to discuss Audi CEO probe, report says

VW Group's supervisory board will discuss an investigation by German prosecutors into Audi CEO Rupert Stadler, as the automaker weighs how to tackle the latest fallout from its emissions scandal, Reuters reported.

Horizon watch: Aguascalientes, Mexico

With the Trump administration putting the heat on automakers relying on Mexican assembly plants, the Nissan and Daimler joint-venture auto factory in Aguascalientes, Mexico has had a low profile for the past year.


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