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.
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.
EPA rates VW's 2017 e-Golf at 126 mpg-e and boosts range to 125 milesWed, 22, Feb 2017
German lawmakers call for inquiry into VW compliance chief exitWed, 22, Feb 2017
Lawmakers from Volkswagen's home region called on Wednesday for an inquiry into the sudden departure of the German carmaker's compliance chief last month, saying they were concerned the supervisory board was not overseeing the business effectively.
Germany's Stuttgart will ban some diesel cars from city centerWed, 22, Feb 2017
Stuttgart, home to German automakers Mercedes and Porsche, said it will ban from next year diesel cars which do not meet the latest Euro 6 emissions standards from entering the city on days when pollution is heavy.
German court bars discussion of emissions documents in Audi caseWed, 22, Feb 2017
Range Rover will add Velar as Porsche Macan rivalWed, 22, Feb 2017
Land Rover confirmed Velar as the name for a new model that will be a rival to the Porsche Macan. The Velar will be the fourth member of the Range Rover family and will be positioned between the Evoque and the Range Rover Sport.