News

Ghosn will be detained for further 10 days, report says
Nov. 21

Japanese authorities in Tokyo will detain Nissan Chairman Carlos Ghosn for 10 days as they also consider bringing a case against Nissan, a report said.

Honda recalls about 107,000 Odyssey minivans in U.S. for latch issue
Nov. 21
Author: Danielle Szatkowski

America Honda is recalling 107,000 Odyssey minivans in the U.S. over a latch malfunction that may cause the power sliding door to open when the vehicle is in drive.

U.S. prosecutors investigate Hyundai, Kia vehicle recalls, report says
Nov. 21

U.S. prosecutors are investigating if Hyundai and affiliate Kia vehicle recalls over engine defects were conducted properly, Reuters reported.

Even after Nissan board showdown, Ghosn may keep director seat -- for now
Nov. 21
Author: Hans Greimel

Nissan's directors vote within a matter of hours on the remarkable move to oust Chairman Carlos Ghosn. But even if they decide to dismiss him, the disgraced executive and his accused co-conspirator might still keep their board seats -- at least for now.

Subprime originations rise for the first time in two years
Nov. 21
Author: Jackie Charniga Jim Henry

It's too soon to call it a trend, but third-quarter subprime auto originations rose from the year earlier for the first time in more than two years, the Federal Reserve Bank of New York and TransUnion said in separate reports last week.

Some back stories to consider in the Ghosn drama
Nov. 21
Author: James B. Treece

I don't have any insider knowledge of the financial misconduct allegations against Renault-Nissan chief Carlos Ghosn unveiled on Monday. Nonetheless, I think some points are worth remembering as the story unfolds.

U.S. chipmaker Nvidia to provide AI platform for Chinese EV start-ups
Nov. 21

U.S. chipmaker Nvidia has signed separate deals with Chinese electric vehicle startups XPeng Motors, Singulato Motors and SF Motors to develop autonomous driving technology.

Thyssenkrupp board fails to agree on appointing Daimler CFO as chairman, report says
Nov. 21

Thyssenkrupp's supervisory board failed to agree on recruiting outgoing Daimler CFO Bodo Uebber as its chairman after the executive's compensation demands drew fire from employee representatives.

Volvo's surprise for the L.A. show? No cars
Nov. 21
Author: Douglas A. Bolduc

Volvo will break with auto show tradition in Los Angeles, where it will not have a single car on its stand. The idea is to underline that the disruption the industry is undergoing requires a fresh approach.

Volkswagen strikes deal with Broadcom to end patent lawsuit, report says
Nov. 21

Germany's Volkswagen has struck a deal with U.S. semiconductor maker Broadcom , ending a billion-dollar patent lawsuit that pitted the carmaker against its supplier, a source close to VW said.

A call for auto finance apps
Nov. 21
Author: Jackie Charniga

An easy-to-use mobile app is one of the main drivers of customer satisfaction with auto lenders, according to J.D. Power. Captives and other lenders should not only offer customer apps, but should also work with automakers to include vehicle information.

AutoNews Now: Nissan board reportedly split on firing Ghosn
Nov. 21

Nissan board reportedly split on firing Ghosn; Zero-interest loans make comeback; Conti CEO defends diesel; Report: Musk's toke provokes NASA scrutiny; Volvo's no-car show.

Nissan wants less influence from Renault as Japan seeks to stabilize alliance
Nov. 21

Japan said it is ready to work for the stability of the Nissan-Renault alliance following the arrest of Chairman Carlos Ghosn, but a Nissan executive said the automaker is seeking ways to weaken the influence of its French partner.

Ghosn fate at alliance divides Nissan as Renault wavers, report says
Nov. 21

Carlos Ghosn's surprise arrest on allegations of financial misconduct has left Renault-Nissan car alliance board members in a bind over his future, with board members in Japan divided over whether to dismiss him as chairman and the French side balking at firing their longtime leader outright.

Nissan-Renault rivalry bursts into the open after Ghosn's arrest
Nov. 21

Tensions between Nissan and Renault over the future of their alliance have exploded into the open following the downfall of Chairman Carlos Ghosn, and his top lieutenant.

How Ghosn's reported compensation compares with his peers
Nov. 21

During his time at the helm of Nissan, Carlos Ghosn earned a lot more than his Japanese peers -- but not nearly as much as other global auto leaders.

First Shift: Ghosn keeps Renault job, may face 10 more days in jail
Nov. 21

Ghosn keeps Renault job, may face more time in jail; Report: U.S. launches criminal probe into Hyundai, Kia recalls; Daimler CFO's job move in jeopardy?; Old means gold for Porsche.

Calif. dealers to Ford: Don't punish us for not building separate Lincoln stores
Nov. 21
Author: Melissa Burden

The California New Car Dealers Association is asking Ford CEO Jim Hackett to cease anti-dualing policies in California that could affect about 33 dual Ford-Lincoln dealers in the state.

Lenders find ways to adapt as technology evolves
Nov. 21
Author: Hannah Lutz

Lenders are working to adapt to an auto retail and auto finance model largely driven by technology, some with operational adjustments and others with fintech partnerships.

Wells Fargo fights to leave customers out of auto payout plan
Nov. 21

Wells Fargo is fighting to shut some customers out of a sweeping plan to compensate around 600,000 drivers it pushed into car insurance they did not need, according to court documents.

Questions swirl around Ghosn's property deals
Nov. 20

Nissan paid "huge sums" for Carlos Ghosn's residences in four cities where there were no business justifications, Japanese broadcaster NHK reported, as questions swirled over what led to the downfall of one of the world's most recognizable executives.

Renault says it remains focused on alliance with Nissan and Mitsubishi
Nov. 20

Renault's board appointed an interim chairman and handed new powers to its chief operating officer to replace embattled boss Carlos Ghosn following his arrest in Japan on suspicion of financial misconduct, sources told Reuters.

U.S. watchdog fines Santander $11.8 million over misleading loans, insurance
Nov. 20

Santander Consumer USA, a leading subprime auto lender, will pay $11.8 million to settle claims that it misled customers about the cost and terms of auto loans and insurance.

Ghosn faces 10-year jail sentence if convicted of financial misconduct
Nov. 20

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.

Nissan expands Ghosn probe to include Renault alliance, report says
Nov. 20

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.

Honda hopes Grinch holiday ad campaign helps boost U.S. sales
Nov. 20
Author: Danielle Szatkowski

Honda aims to break through traditional holiday advertising, with the Grinch hacking its annual holiday campaign and social media accounts.

Black Friday is breathing life back into the 0% auto loan
Nov. 20

The zero-percent auto loan is making a comeback, though it's probably going to last only as long as the holidays.

The gang that couldn't deregulate straight
Nov. 20
Author: Eric Kulisch

The White House doesn't seem to know how to kill regulations it doesn't like.

Trump invites German car CEOs to White House for trade talks, report says
Nov. 20

The Trump administration has invited the CEOs of three German automakers for talks at the White House as European and U.S. officials try to negotiate a new trade agreement, Bloomberg reported

Why horsepower needs to be retired
Nov. 20
Author: Christiaan Hetzner

With the mass-market introduction of electric vehicles it is time to think less of horsepower and more of kilowatts when judging a vehicle's power.

Fate of world's biggest car alliance hangs on one word: Ghosn
Nov. 20

Renault-Nissan-Mitsubishi, the world's largest car alliance, is facing its biggest challenge yet with the arrest of its Chairman, Carlos Ghosn, which could threaten to upend the union of automakers he began to forge almost two decades ago.

U.S. accuses China of continuing IP theft amid trade war
Nov. 20

The U.S. and China clashed at the WTO with a U.S. envoy accusing Beijing of using the WTO to pursue "non-market" policies and a Chinese official charging that Washington was flouting the rulebook.

Renault refrains from ousting Ghosn; names interim leader
Nov. 20

Renault's board stopped short of firing embattled CEO Carlos Ghosn who is being detained in Japan for alleged financial improprieties. The board appointed chief operating officer Thierry Bollore as interim leader.

What we know about Ghosn's alleged American co-conspirator, Greg Kelly
Nov. 20
Author: Danielle Szatkowski

Who is Greg Kelly? The first American board member for Nissan -- accused of being "one of the two masterminds" behind the financial misdeeds -- has a background in law and human resources.

Renault board will discuss interim replacement for Ghosn, report says
Nov. 20

France is seeking an interim leader for Renault, distancing itself from CEO Carlos Ghosn after he was arrested in Japan on allegations of financial misconduct. "He is de facto not in a position to run the group," Finance Minister Bruno Le Maire said. He was expected to meet with Renault's board later Tuesday.

AutoNews Now: Nissan's Ghosn probe extends to alliance - report
Nov. 20

Nissan's investigation extends to alliance with Renault - report; Mitsubishi CEO: No one on Earth like Ghosn; Subaru gets plug-in hybrid; 'Grinch' helps pitch Honda.

Mexico expects U.S. to begin lifting tariffs with trade deal signing
Nov. 20

It was not immediately clear whether tariffs against Canada would also be lifted after Canada, Mexico and the United States sign the revamped trade deal, slated to happen this month.

Separating Renault-Nissan would be bloody
Nov. 20

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.

First Shift: Ghosn arrest tied to pricey homes?; France seeks interim Renault CEO
Nov. 20

Ghosn arrest tied to pricey homes?; France seeks interim Renault CEO; Report: Not enough workers accepted GM buyout offers; Pickups getting safer, IIHS finds.

Mali to produce lithium by 2020 after 694,000 tons discovered
Nov. 20

Mali is on track to start lithium production by 2020 following the discovery of exploitable reserves, a senior mines ministry official told Reuters.


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