Takata hires financial adviser to mull restructuring optionsWed, 25, May 2016
Takata hired investment bank Lazard to lead efforts to seek new investment and help resolve financial issues stemming from its record-setting recall of tens of millions of airbag inflators that can rupture.
Mitsubishi names new r&d chief, restates earningsWed, 25, May 2016
Mitsubishi said Nissan executive Mitsuhiko Yamashita will become its r&d chief, part of a management overhaul in the wake of a fuel-economy scandal that also prompted the automaker to restate its annual earnings. Mitsubishi CEO Osamu Masuko will also be president, taking over the role from Tetsuro Aikawa, who will leave the company.
VW, U.S. make 'substantial progress' toward settlement, judge saysTue, 24, May 2016
Volkswagen and lawyers for owners and the U.S. government have made "substantial progress" toward reaching a final agreement by late June, a federal judge said today.
Investor groups call for new probe of VW scandalMon, 23, May 2016
Three investor groups called for a new, independent investigation into Volkswagen's emissions test-rigging scandal, saying the inquiries launched by the German carmaker so far may not be far-reaching or transparent enough.
Suzuki used wrong fuel efficiency tests on 16 models in JapanWed, 18, May 2016
Suzuki said it had used fuel efficiency and emission testing methods that were different from Japanese regulations on 16 models now sold in the country, but that proper testing showed no need to amend the data.
Mitsubishi president steps down amid fuel economy scandalWed, 18, May 2016
The president of Mitsubishi Motors will step down after less than two years in the job amid a widening fuel economy scandal that torpedoed the company's sales and led to it selling a controlling stake to rival Nissan.
Mitsubishi Motors president leaves amid fuel economy scandal, report saysTue, 17, May 2016
The president of Mitsubishi Motors is stepping down amid a fuel economy scandal that surfaced in April, according to the Nikkei Asian Review. Tetsuro Aikawa's post will be filled by Mitsubishi Motors CEO Osamu Masuko, the report said.
Corning unit to pay $66.5 million for price fixingMon, 16, May 2016
A subsidiary of Corning Inc. agreed to pay $66.5 million in criminal fines and plead guilty to fixing the prices of materials used in vehicle catalytic converters, the U.S. Department of Justice said today.
German state refused to clear VW management but relented, report saysMon, 16, May 2016
Volkswagen shareholder Lower Saxony wanted to withhold its backing for the carmaker's top management at a supervisory board meeting but relented to avoid further damaging the company, a source close to the German federal state told Reuters.
Nissan faces challenges with Mitsubishi but won't impose management, Ghosn saysFri, 13, May 2016
Nissan CEO Carlos Ghosn said restoring Mitsubishi's credibility with consumers will be his top challenge after the company announced plans to take a controlling stake in the smaller automaker. Nissan will not impose its management on Mitsubishi, Ghosn said.
Audi CEO sees new models driving sales despite tough conditionsThu, 12, May 2016
Audi CEO Rupert Stadler said he expects new models to push the automaker's sales to a new record this year despite "extremely challenging" business conditions.
Nissan poised to take key stake in Mitsubishi MotorsWed, 11, May 2016
Nissan and Mitsubishi Motors confirmed they are in talks about a possible capital tie-up and that their boards are planning to meet separately to discuss the matter. Such a deal would tighten bonds between two companies that easily could have split ways in acrimony over an emissions scandal.