Earnings

Renault shareholders narrowly approve Ghosn's $8.6 million salary

June 15, 2018 17:40 CET

Renault shareholders approved CEO Carlos Ghosn's 7.4 million euro ($8.6 million) compensation for 2017, averting a boardroom crisis as the automaker explores closer consolidation with alliance partner Nissan.... Read More »

Renault boss Ghosn faces tight shareholder vote on pay

June 13, 2018 20:01 CET

Renault boss Carlos Ghosn faces a tense salary vote at the company's annual shareholder meeting when the French government, the automaker's largest shareholder, is expected to oppose his 7.4 million euro ($8.7 million) 2017 payout.... Read More »

GM 'will eventually' feel impact of trade uncertainty, Barra says

9:57 am U.S. ET | June 12, 2018

General Motors CEO Mary Barra said if trade uncertainty continues, it "will eventually" have an impact on the company's operations. The automaker has already seen higher steel and aluminum prices.... Read More »

Tesla passed over by most do-good investors

1:39 pm U.S. ET | June 4, 2018

Just 86 of about 1,200 do-gooder investment funds tracked by Bloomberg own Tesla shares. And of those, only seven count Elon Musk's company as a top-10 holding.... Read More »

Ford CEO: We're 'reinventing' the car, not trying to kill it

12:05 pm U.S. ET | May 10, 2018

CEO Jim Hackett says the company doesn't intend to lose customers with decision to ax sedans in favor of SUVs and pickups; Bill Ford says he remains frustrated by lagging stock price... Read More »

VW will get 'clear moral compass,' new CEO promises shareholders

May 3, 2018 10:47 CET

VW will expand its internal whistleblower system to give the automaker a clear moral compass, its new CEO, Herbert Diess, said. VW also is pondering spin-offs of non-core assets such as motorcycle maker Ducati, Diess told the company's annual meeting.... Read More »

Investment firm opposes key nominees for VW board

May 2, 2018 11:15 CET

The reelection of the Porsche-Piech clan's leader and the appointment of a marketing expert to Volkswagen Group's supervisory board are being opposed by investment advisory firm Hermes EOS.... Read More »

UAW says it gained almost 15,000 members in 2017

4:45 pm U.S. ET | March 29, 2018

Total membership in the UAW rose by 15,000 workers to 430,871 in 2017, marking the eighth consecutive year that the union saw an increase in total membership.... Read More »

Tesla shareholders approve Musk's $2.6 billion compensation plan

1:09 pm U.S. ET | March 21, 2018

Tesla shareholders approved a compensation package potentially worth billions of dollars for CEO Elon Musk in a test of their confidence in the leader of the electric car company.... Read More »

VW will lean on battery suppliers to power electrification blitz

9:03 am U.S. ET | March 13, 2018

Armed with a product plan stacked with full-electric and hybrid vehicles, Volkswagen Group will rely on suppliers with greater battery expertise, CEO Matthias Mueller said.... Read More »

Tesla expects to hit cap for federal tax credits in 2018

4:32 pm U.S. ET | Feb. 23, 2018

Tesla said it will likely sell its 200,000th vehicle this year -- the volume cap at which the $7,500 federal tax incentive for electric vehicles begins to be phased out.... Read More »

Renault-Nissan has no plans for executive bonus plan, Ghosn says

June 15, 2017 06:01 CET

Renault-Nissan has no current plans to introduce an additional bonus scheme for executives at the carmaking alliance, CEO Carlos Ghosn said.... Read More »

NEWS ANALYSIS

GM, Tesla: A tale of two shareholder meetings

12:42 pm U.S. ET | June 7, 2017

How does CEO Elon Musk make the "magic happen" at Tesla Motors? Ambien, red wine and a vintage record player.... Read More »

Tesla's board faces investor push for annual votes on directors

1:44 pm U.S. ET | June 5, 2017

Tesla recommends annual service inspections on its cars. Some of the electric-car maker's investors want its board subject to yearly checkups, too.... Read More »

Bosnian activists fail to secure seats on Grammer board

May 25, 2017 09:46 CET

Bosnia's Hastor family failed in a bid to get three representatives onto the supervisory board of German supplier Grammer at the annual shareholder meeting.... Read More »

Grammer rejects call to replace chairman in shareholder tussle

May 24, 2017 14:44 CET

German supplier Grammer braced for a showdown with Bosnian investor group Cascade at its shareholders' meeting, rejecting a demand to replace the chairman of the annual general meeting.... Read More »

Audi pledges transparency amid emissions probes

May 18, 2017 10:14 CET

Dealers for the FAW-VW joint venture in China fear that plans for an Audi joint venture with VW Group's southern JV partner SAIC to build and sell Audi vehicles via SAIC-VW's retail network will hit their sales.... Read More »

Virtual meeting met with mixed reviews

12:01 am U.S. ET | May 15, 2017

Ford Motor Co.'s annual shareholders meeting, normally held in Wilmington, Del., was held virtually this year for the first time in its 62-year history.... Read More »

Ford's annual meeting was virtual, but its troubles are real

6:31 am U.S. ET | May 11, 2017

Ford didn't experience any angry shareholders storming out of its annual meeting on Thursday. They weren't able to -- they watched the proceedings on their laptops.... Read More »

UAW's net assets fell in 2016 while membership grew 1.8%

3:50 pm U.S. ET | April 3, 2017

The UAW's net assets fell 7.9 percent from a year earlier to $861.7 million at the end of 2016, but membership rose 1.8 percent to 415,963 workers.... Read More »

NEWS ANALYSIS

Porsche family ready to bring in younger generation

April 1, 2017 06:01 CET

Ferdinand Piech's seat on the board of VW Group's majority shareholder could be taken by his nephew, Josef Ahorner. The move would be a step toward the Porsche-Piech's clan younger generation moving into key roles.... Read More »

Daimler shareholder demands right to be naked at annual meeting

1:52 pm U.S. ET | March 29, 2017

Daimler's annual meeting threatened to veer off course for a second year after a shareholder pontificated on his right to be naked.... Read More »

Mueller says VW 'is back on track'; CEO not ruling out talks with FCA

8:53 am U.S. ET | March 14, 2017

The world's largest automaker, Volkswagen, “is back on track” even as it works through its global diesel scandal, its CEO said. And he isn't ruling out talking about a merger with FCA.... Read More »

Magna Q4 report warns about 'protectionist sentiments' in North America

6:46 am U.S. ET | Feb. 24, 2017

Diversified Canadian auto supplier Magna International said increased protectionist measures in North America could pose a substantial risk to the supplier achieving “desired results” in the future.... Read More »

Visteon builds on electronics segment gains in Q4

3:12 pm U.S. ET | Feb. 23, 2017

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.... Read More »

 
Why Aston Martin's CEO expects automaker to be more profitable than Ferrari

Nick Gibbs
4:40 am U.S. ET | Sept. 10 2018

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As Aston Martin plans its London IPO, CEO Andy Palmer believes the company will be more profitable t ...
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Volvo has autonomous vehicle safety covered like a blanket

Douglas A. Bolduc
3:51 am U.S. ET | Sept. 7 2018

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Leave it to Volvo to already be working on a patent for a solution that will keep passengers safe even as they sleep in their self-driving cars. ...
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Tesla readies a surprise in Europe

Jay Ramey
12:01 am U.S. ET | Sept. 4 2018

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Tesla is expected to reveal a new vehicle at the Grand Basel auto show, according to an invitation s ...
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Moving out of Sergio's shadow

Andrea Malan
12:01 am U.S. ET | Sept. 4 2018

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Mike Manley took the helm at Fiat Chrysler just four days before the death of former CEO Sergio Marc ...
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ZF invests in future engineers with a U.S. robot competition

Richard Truett
1:08 pm U.S. ET | Aug. 28 2018

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Facing a shortage of engineers, ZF Group and other auto companies are taking a long view and are ram ...
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Why domestic automakers will not dominate China's luxury EV market

Yang Jian
7:26 am U.S. ET | Aug. 24 2018

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Beijing realizes that young domestic automakers can never beat global giants with traditional combus ...
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W. European sales rise 27% ahead of WLTP changeover
Western European car sales surged 27 percent in August as automakers discounted heavily to clear sto ...
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UK sales increase 23% on WLTP
UK registrations jumped by 23 percent in August as automakers reduced vehicle stocks ahead of the ne ...
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Italy sales rise 10% on smooth WLTP changeover
Contrary to what happened in France, Spain, Germany and the UK, Italian registrations did not rise d ...
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German sales rise 25% ahead of WLTP
German registrations increased 25 percent last month as VW and other brands flooded the market to re ...
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Spanish car sales soar 49% in WLTP stock clear-out
Registrations in Spain jumped 49 percent in August as automakers rushed to clear out vehicle stocks ...
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French sales leap 40% on new WLTP test
Registrations in France increased by 40 percent in August, with gains largely due to the effects of ...
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Western European sales jump 9% ahead of WLTP tests
Automakers pushing to sell cars before WLTP vehicle-testing rules come into effect helped to boost w ...
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Skoda, BMW among winners as Russia sales rise 11%
New-car sales in Russia rose 11 percent in July, buoyed by strong consumer confidence ahead of a pla ...
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Europe's first-half sales surged on strong SUV demand
Jeep, Seat, Dacia and VW outperformed all other brands sold in Europe in the first half, as overall ...
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BMW sees 5%-10% sales growth in China despite tariffs
BMW expects its China sales to rise between 5 percent and 10 percent this year, despite the introduc ...
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Europe's crossover craze drives market gains
SUVs and crossovers accounted for one-third of European sales through June for the first time. Their ...
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Peugeot, Toyota commit to midsize sector despite slump
Peugeot and Toyota are the latest automakers to commit to Europe's volume midsize segment despite cu ...
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European electric-car sales growth slowed in first half
Sales growth of electric cars slowed across the EU's major markets during the first half because of ...
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CNG car sales set to rise on tougher emissions rules
European demand for cars powered by compressed natural gas has shown signs of life after a half-deca ...
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Europe's small SUV sales projected to 'grow like crazy'
European sales of small SUVs are poised to surge beyond the segment's typically strong growth, as ne ...
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Premium automakers add drivetrains, body styles to stabilize midsize sales
Europe's premium automakers are diversifying drivetrain and body style choices in the core midsize s ...
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Europe's automakers invest in sedans despite SUV surge
Automakers in Europe are continuing to invest in sedans even though the body style has been losing c ...
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Hyundai, Seat add body styles to spice up key sector
Automakers such as Hyundai, Ford, Kia and Seat are experimenting with new compact-car body styles in ...
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Audi, BMW forecast to give key SUV sector a lift with new flagships
A two-year slump in the demand for premium large SUVs in Europe is expected to end in 2019 as BMW an ...
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Tesla Model S outsells German luxury flagships in Europe
Germany's premium brands are under pressure to accelerate their plans for electric cars after Tesla' ...
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Hyundai Motor promotes heir apparent Chung Euisun as succession looms
Euisun Chung moves a step closer to succeeding his 80-year-old father, Chung Mong-koo, who has presi ...
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Adient names DelGrosso CEO, succeeding interim chief Fritz Henderson
Seating supplier Adient named turnaround veteran Douglas DelGrosso as its next CEO, replacing former GM chief Fritz Henderson. ...
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FAW names ex-Rolls-Royce design chief to help revive luxury China marque
China FAW has recruited Giles Taylor, Rolls-Royce's former design chief, in an effort to revive ts H ...
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Aston Martin names Penny Hughes chairman ahead of London listing
Aston Martin is moving ahead with a plan to list shares in London, naming Penny Hughes as chairman i ...
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Musk elevates Tesla's little-known fixer to steer past drama
In Jerome Guillen, Elon Musk has promoted a skilled multitasker who's proven able to operate at the ...
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Tesla accounting chief, HR head resign
Tesla's top accountant gave notice he's resigning one month into the job, citing the level of scruti ...
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VW Group names finance exec as new sales chief
VW Group appointed Christian Dahlheim as its new head of group sales. Dalheim replaces Fred Kappler, ...
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FAW names ex-Rolls-Royce design chief to help revive luxury China marque
China FAW has recruited Giles Taylor, Rolls-Royce's former design chief, in an effort to revive ts H ...
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Former Land Rover designer Phil Simmons joins Great Wall
Great Wall appointed former Land Rover stylist Phil Simmons as design director for the Haval brand. ...
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Lotus names former Bentley, JLR exec as product strategy chief
Lotus, the UK sports-car maker that is set for a $1. ...
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VW's Seat counts on Tarraco to retain affluent customers
Seat expects its new Tarraco flagship SUV to further boost to the company's profitability by retaini ...
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Audi packs e-tron EV with interconnected features
The Audi e-tron will offer a 95-kilowatt-hour battery, full-time all-wheel drive and a host of inter ...
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Mercedes gives new GLE semi-autonomous tech
The Mercedes GLE gets semi-autonomous technologies and all-new engines including a plug-in hybrid. ...
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Renault's revived Alpine races to keep pace with demand
Since Renault launched the Alpine A110, the new brand has taken 5,000 reservations, resulting in a 1 ...
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BMW returns to roadster market with Z4
BMW is returning into the roadster market with the revival of the Z4 -- a car whose predecessor help ...
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Peugeot aims sleek 508 at SUV buyers
Peugeot has transformed the 508 midsize sedan into a hatchback to add versatility and attract SUV an ...
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Jaguar showcases I-Pace's SUV skills
The Jaguar I-Pace's versatility shows it is much at home tackling tough terrain as it is blazing aro ...
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Audi adds connectivity features to bigger Q3
Audi has made its Q3 bigger and added more tech and connectivity equipment for the compact SUV's sec ...
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Porsche gives updated Macan improved handling
Porsche has updated its Macan crossover with a fresher design, improved handling, as well as more co ...
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Mahindra places big bet small crossover
Mahindra & Mahindra are hoping to get a much larger slice of the European car market with the launch ...
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