GM adjusts executive roles for Ammann, Reuss

General Motors is realigning responsibilities of two of its top executives, allowing GM President Dan Ammann to better concentrate on the automaker's development and deployment of autonomous vehicles. Ammann, who was already overseeing the operations, is relinquishing responsibilities for Cadillac and GM's global portfolio planning to product chief Mark Reuss.

Trump says 'getting there' in NAFTA talks with Canada, Mexico

President Trump said progress was being made in talks to update the NAFTA trade accord between the United States, Canada and Mexico, but he held out the prospect of striking bilateral pacts.

UPDATED: 6/19/18 10:33 am ET -- adds Audi statement

Transcript: Bill Ford on automaker's way forward in Detroit

Bill Ford Jr. sat down with Automotive News and Crain's Detroit Business to talk about his company's plan for redeveloping the Michigan Central Station. Here is a transcript of that interview, edited for clarity.

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MORE EXECUTIVE NEWS TALK FROM THE TOP FINAL ASSEMBLY
Continental board plans powertrain IPO, report says

Continental's supervisory board is moving ahead with plans for an initial public offering of its powertrain unit and a new corporate structure by early July, a sign the supplier's biggest overhaul in decades is taking shape, according to people familiar with the matter.

Volvo extends global footprint with U.S. factory opening

Volvo is expanding its global manufacturing footprint with the inauguration of its first U.S. assembly plant, where it is investing about $1.1 billion to launch output this autumn of the redesigned S60 sedan for domestic and global markets.

Hackett sought to 'push the edges' of automaker's office design

Ford CEO Jim Hackett stopped a planned 10-year Dearborn campus renovation to give it a 'much healthier' design. The project eventually included the establishment of an autonomous vehicle development campus in Detroit, anchored by a long-blighted train station.

UPDATED: 6/19/18 10:33 am ET -- adds Audi statement
Audi suspends Stadler, installs Schot as interim CEO

Audi suspended CEO Rupert Stadler and appointed Bram Schot as an interim replacement effective immediately, a day after Stadler's arrest in connection with a diesel emissions probe in Germany.

UPDATED: 6/19/18 4:07 pm ET - adds stock close
Musk says Tesla hit with 'extensive' sabotage by employee

A disgruntled Tesla employee broke into the company's manufacturing operating system and sent highly sensitive data to unknown third parties, according to an email Elon Musk sent to staff.


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