- Ford names former Snap, Amazon exec Tim Stone as financial chief – CNBC: Current CFO Bob Shanks is retiring at the end of the year, as had been widely expected.
- Opel union accepts PSA plan to transfer employees to French engineering company – Automotive News: The works council at Opel’s engineering center in Ruesselsheim, Germany, has approved a plan to transfer 2,000 employees at the site to the French …
- Fiat is struggling in the US. Is the Italian brand ready to pull the plug on America, again? – CNBC: After pulling out of the American market in the early 1990s due to poor sales, Fiat staged a comeback in 2011. Despite grand expectations, a number of analysts are questioning the flagship brand’s long-term viability in the U.S.
- China’s Geely Auto promises more models to support sales in uncertain domestic market – Reuters: China’s Geely Automobile Holdings said on Thursday that it will invest more in new energy vehicles and higher-end models after forecasting flat sales in 2019 due to uncertainty about domestic demand.
- Ex-Swedish ambassador to China denies breaching national security – FT: Chinese business has a number of ties with Sweden after Zhejiang Geely successfully revived Volvo Cars earlier this decade. But there have been …
