- Carlos Ghosn Says He’s the Victim of ‘Plot and Treason’ by Rivals at Nissan – New York Times: The embattled auto executive told Nikkei Asian Review that leaders at the company had sought to have him removed because of his plans to “integrate” further …
- Hyundai releases Super Bowl commercial starring Jason Bateman – Automotive News: Jason Bateman plays an elevator operator in Hyundai’s Super Bowl ad that pitches its “Shopper Assurance” program, which seeks to modernize the car-buying experience.
- VW Group’s sales of electrified vehicles grow 30% – Automotive News: VW Group’s sales of electrified vehicles rose 30 percent to about 100,000 last year. About one-third were full-electric vehicles, while the rest were plug-in hybrids.
- Bosch sees ‘huge’ market for electric, self-driving services – Automotive News: Bosch plans a push into parking, charging and maintenance services for electric and self-driving vehicles, a market the supplier expects to become “huge.”
- Renault-Nissan-Mitsubishi stays No. 1 in global light-vehicle sales – Automotive News: The alliance sold 10.76 million light vehicles globally last year, outpacing rivals Volkswagen and Toyota.
- Renault-Nissan hire auditor to run alliance probe, report says – Automotive News: Renault and Nissan hired French auditor Mazars to investigate possible wrongdoing in their alliance in a sign that the partners are moving forward on a joint probe following Carlos Ghosn’s arrest for alleged financial crimes, sources told Bloomberg.
- Germany’s Osram buys UK’s Ring Automotive to reach end consumers – Reuters: German lighting group Osram has bought Britain’s Ring Automotive to gain access to the consumer market for auto accessories.
- S.Korean city OKs revised plan for low-wage carmaking JV with Hyundai – Reuters: A South Korean city council on Wednesday green lit a revised plan for a low-wage automaking joint venture with Hyundai Motor, setting the stage for the …
- No-deal Brexit could cost Ford nearly a billion pounds – Yahoo: Import tariffs are set to cost the company massively.
- Ghosn says Nissan execs used ‘plot and treason’ to halt Renault integration – Nikkei – Reuters: * “Plot and treason” by Nissan execs led to his legal charges
- Volvo’s truck order intake slips, taking shine off bonus payout – Reuters: Sweden’s Volvo said on Wednesday that its fourth-quarter truck order intake fell by 14 percent to 59,535 trucks, a total below analysts’ forecasts, but announced a special dividend after strong cash generation.
- Ford’s China joint venture suffers 54% fall in sales – FT: Ford”s China joint venture suffers 54% fall in sales Financial TimesUS carmaker feels impact of declining market as slowdown hits consumer confidence.
- India’s Bajaj Auto third-quarter profit jumps nearly 16 pct – Reuters: Indian automaker Bajaj Auto Ltd posted a higher profit on Wednesday, exceeding analysts’ expectations, as the company sold more motorcycle units during the …
- Ghosn says allegations result of Nissan executives opposing integration plans with Renault – Reuters: Carlos Ghosn said Nissan executives opposed to his plan for closer ties with automaking partner Renault SA were behind the financial misconduct allegations against him.
- The world’s top-selling automaker is Renault-Nissan, outpacing Volkswagen, Toyota – Automotive News: The Renault-Nissan-Mitsubishi alliance sold 10.76 million light vehicles globally last year, outpacing rivals Volkswagen and Toyota.
- China’s Tesla Is Burning Through More Cash Than Rubber – WSJ: China”s Tesla Is Burning Through More Cash Than Rubber The Wall Street JournalAfter a $1 billion IPO just four months ago, NIO is looking for another $750 million jolt.
- Renault-Nissan group sold most cars last year, but VW’s No.1 including trucks – Reuters: Volkswagen Group has held on to its position as the world’s top-selling automaker for the fifth year in a row, although the German group was edged out again by the Renault-Nissan-Mitsubishi alliance in the light-duty vehicles segment.
- Exclusive interview: Ghosn says ‘plot and treason’ led to arrest – Nikkei: Asian ReviewTOKYO — Former Nissan Motor Chairman Carlos Ghosn said Wednesday that he had “no doubt” that the charges against him were the result of “plot and tre.
- Alliance members achieve combined sales of 10.76 million units in 2018 – Nissan-global: – Combined sales by Renault, Nissan and Mitsubishi Motors rise 1.4% to 10.76 million units in 2018 – one in nine of all cars and light commercial vehicles sold worldwide- Total sales of Light Commercial Vehicles (LCVs) rise 13.5% to 2 million-…
- ‘How do they expect to run without us?’: Tesla accused of axing staff to cut costs – Guardian: ‘How do they expect to run without us?’: Tesla accused of axing staff to cut costs The GuardianElectric car firm slashed 7% of workforce this month and ex-employees say more experienced staff were targeted.
- VW Keeps Global Sales Crown Over Toyota – Bloomberg: Volkswagen AG retained the car industry’s top spot in sales as Japanese arch-rival Toyota Motor Corp.’s global deliveries failed to match those of its …
- Truckmaker Volvo releases brake on special dividend after strong fourth quarter – Reuters: Swedish truckmaker Volvo said on Wednesday it would pay a special dividend of 5 Swedish crowns ($0.5523) per share after reporting fourth-quarter profit …
- Nissan’s First Sales Slump Since 2009 Heightens Post-Ghosn Woes – Bloomberg: Nissan Motor Co. reported its first slide in auto sales in almost a decade, adding to the challenges the company faces following the arrest of former chairman …
- Thailand’s Central plans to invest $200 million in Singapore’s Grab – Reuters: Thai retailer Central Group plans to acquire a stake in Southeast Asian ride-hailing startup Grab for $200 million, two sources with direct knowledge of the matter told Reuters.
- Cadillac Racing soars as the brand reboots – Detroitnews: As Cadillac resets to Square One, Cadillac Racing is Number One, dominating endurance racing
- Chinese EV carmaker NIO aims to raise $650 million with convertible bond – Reuters: Electric carmaker NIO Inc, among rivals to Tesla in China, launched a $650 million convertible bond on Wednesday, four months after it listed in New York.
- Nissan production, sales and exports for December 2018 and CY 2018 – Nissan-global: Nissan Motor Co., Ltd. today announced production, sales and export figures for December 2018 and calendar year 2018. 1. ProductionDecemberNissan”s global production in December declined from a year earlier.Production in Japan surpassed year-earlier…
- Nissan, Renault to Hire Auditor to Run Alliance Probe – Bloomberg: Nissan Motor Co. and Renault SA hired the French auditor Mazars to investigate possible wrongdoing within their automotive alliance, people familiar with the …
- Nissan CEO eyes first talks with new Renault chairman on Thursday: NHK – Reuters: Nissan Motor Co Ltd Chief Executive Hiroto Saikawa is aiming to hold his first face-to-face discussion with new Renault SA Chairman Jean-Dominique Senard …
- Japan’s Akebono Brake seeking capital from Toyota, debt relief – Reuters: Akebono seeks turnaround under out-of-court scheme.
- Argo AI receives permit to test AVs in California – Automotive News: Argo AI, the tech company building Ford’s self-driving system, received a testing permit from the California Department of Motor Vehicles to test on public roads.
- Exclusive: Ginetta readies secret Aston Martin rival – Autocar: New supercar has a Ginetta-designed 6.0-litre normally aspirated V8 UK firm is poised to unveil a bold 200mph-plus supercar brimming with racing tech at the Geneva show Ginetta, the Leeds-based sports and race car constructor, will shock the supercar…