Porsche reaches top of Consumer Reports' brand rankings; Tesla rises to 11th

European policymakers are keen to ensure the region's auto industry does not lose competitiveness against Asia, which currently accounts for more than 80 percent of the world’s EV battery production. 

The group will monitor developments and coordinate communication, and work with the Japanese government on measures to help smooth the flow of components through supply chains.

VW Group CFO Frank Witter, who was instrumental in steering the automaker through the diesel scandal that cost the company tens of billions of euros, is set to leave by the middle of next year, Bloomberg reported.

CEO Ola Kallenius will take over the struggling vans unit, while CFO Harald Wilhelm is replacing the longtime finance chief at Mercedes-Benz in moves aimed at flattening reporting lines and making quicker decisions.

Henio Arcangeli Jr., a newcomer to the auto industry when he joined American Honda in 2017, is leaving the company at the end of the month to spend more time with family.

Officials in Nanterre have been looking into a party Carlos Ghosn threw for his wife at the Versailles palace, among other financial dealings. A judge has been assigned to the case to launch a formal investigation, Reuters reported.

CEO Jim Hallett said he expects TradeRev, the company's mobile app-based vehicle trading platform, to break even sometime in 2021.

U.S. prosecutors say Michael Grimes, who worked as an assistant in the UAW’s General Motors department, conspired with two unidentified senior union officials on multiple schemes going back to at least 2006.

Nissan procures more than 800 parts from factories in the outbreak epicenter of Hubei to make cars worldwide and is concerned that most of those components will run out if plants in the province stay idled beyond Feb. 21.

The supplier said in an SEC filing that it anticipates "a significant number" of production delays through February with some plants resuming operations in mid-to-late February, working to achieve full production through March.