As part of the turnaround plan, Marelli is seeking the cancellation of about 450 billion yen ($3.5 billion) in debt, out of obligations of about 1.13 trillion yen, Bloomberg reported.

Marelli is seeking the cancellation of about 450 billion yen ($3.3 billion) in debt out of total obligations of about 1.13 trillion yen, as part of a wider restructuring, sources say.

A key group has avoided close scrutiny of their role in the once-powerful Carlos Ghosn's downfall: the lawyers.

The number of EV charging stations in Japan fell to around 29,200, down from more than 30,300 the previous year.

The automaker expects the impact to extend beyond this month and said production in early October will also fall short of initial expectations.

A group called Pandora threatened to release purchase orders, emails and sketches on the dark web.

There are no signs of any imminent structural change in the three-way alliance that includes Mitsubishi Motors Corp.

Even as it has faced high demand for batteries from Tesla, Panasonic has been slower to build scale compared with rival suppliers LG Energy Solution of South Korea and China’s Contemporary Amperex Technology Co.

Dubai-based Al Dahana accused the automaker of reneging on its contractual obligations in relation to the distribution of vehicles in the region.

The executive-turned-international fugitive has grown even more pessimistic about the prospects of Nissan and Renault in the 11 months since his book was first published.

Toyota's global production plan for June stands at about 850,000 vehicles, a cut of about 100,000 vehicles.

By 2029, just 14 percent of Toyota’s worldwide production is forecast to be full-electric, rising to 18 percent for Honda and 22 percent for Nissan, according to research released from climate think tank InfluenceMap.

The U.S.-based company operates 25 vehicles in nine cities including Arlington, Texas, and Hiroshima, Japan.

The supplier, previously owned by Fiat Chrysler Automobiles, carried at least $9.5 billion in total debt as of September, sources told Bloomberg. Marelli is the world's 18th largest auto supplier.

The buyback announcement comes as the top-selling automaker’s shares have taken a hit in recent months as it faces a windfall of disruptions.

Selling part of its 43 percent stake in Nissan could raise billions and ease long-standing tensions between the alliance partners.

VW brand, Audi and Seat will all cut production with the group's Wolfsburg plant in Germany restarting output with only one shift next week after the summer break.

The gap between putting in a semiconductor order and taking delivery rose for the ninth month in a row to an average of 21.7 weeks in September, Bloomberg reported.

The automaker hasn’t made a final decision, but is expected to partner with Panasonic at the operation.

Mercedes-Benz plans to relaunch Maybach with a no-holds-barred stylistic approach to attract the world's ultra-rich, CEO Ola Kallenius says.

The law signed Tuesday immediately ends credits for about 70 percent of the 72 models that were previously eligible, said the Alliance for Automotive Innovation.

While Tesla has led the development of the global EV market, the two giants of automaking are determined to defend their dominance.