PSA takes first steps to U.S. market entry with ride-sharing serviceThu, 23, Feb 2017
PSA will be a partner in TravelCar, a ride-sharing service set to begin in April at airports in San Francisco and Los Angeles, as the automaker takes the first steps toward re-entering the North American market.
Nissan names Saikawa CEO, president; Ghosn to remain chairmanWed, 22, Feb 2017
Carlos Ghosn, the long-serving CEO who rescued Nissan from bankruptcy, is stepping down as CEO, having nearly finished his latest business plan and driven the Renault-Nissan Alliance to new heights with the acquisition of Mitsubishi. Hiroto Saikawa, who currently serves as co-CEO, will become sole chief executive.
Tesla loss narrows to $121 million in Q4Wed, 22, Feb 2017
Tesla reported a net loss of $121.3 million in the fourth quarter as the company prepared to launch Model 3 output. Revenue surged 88 percent to $2.3 billion in the fourth quarter behind a rise in vehicle sales.
KAR Auction's Q4 net income drops despite gain at ADESAWed, 22, Feb 2017
Mobileye Q4 net income climbs 73% in strong finish to 2016Wed, 22, Feb 2017
Interiors supplier AGM being acquired by Flex Ltd.Wed, 22, Feb 2017
GM supplier organized after strike by UAW in Kansas CityWed, 22, Feb 2017
Lexus, Porsche rank as most-dependable brands, J.D. Power saysWed, 22, Feb 2017
Lexus and Porsche are the most dependable brands after three years of vehicle ownership, while Toyota leads non-premium labels, according to a J.D. Power study. Fiat Chrysler posted four of the bottom five brands.
PSA seeks up to $2.1 billion savings from Opel deal, report saysWed, 22, Feb 2017
PSA Group expects its planned acquisition of GM's Opel/Vauxhall division to lead to combined sales of 5 million vehicles by 2022 and save as much as 2 billion euros ($2.1 billion) annually, as talks advance towards a likely deal in early March, sources told Reuters.