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Automobile News

Nissan seeks clean slate with CEO exit, but challenges remain

Apo - Crisis-hit Japanese automaker Nissan hopes the resignation of its embattled chief executive will help turn the page on the tumult unleashed by the arrest of former chief Carlos Ghosn.

Crisis-hit Nissan CEO resigns amid pay probe

Kitakata - Nissan's CEO said Monday he will step down next week, deepening the crisis at the Japanese car giant still reeling from the arrest and ouster of former chief Carlos Ghosn's over alleged financial misconduct.

Stripped-back auto show mirrors German car industry gloom

Frankfurt Am Main - Frankfurt's biennial International Auto Show (IAA) opens its doors to the public Thursday, but major foreign carmakers are staying away while climate demonstrators march outside -- forming a microcosm of the industry's woes.

EU court to hear case on jailing MPs over air pollution

Frankfurt Am Main - The European Court of Justice will this week examine whether German judges can impose prison sentences on politicians for failing to enforce inner-city bans on polluting vehicles.

Car firms call on Trump to keep emission limits

Washington - More than a dozen car manufacturers, including Ford, General Motors, Toyota, Honda and Volkswagen have officially asked US President Donald Trump not to relax emission limits, to avoid a fragmentation of the car market, US media reported.

Unions hit out at Ford plan to close Wales plant in 2020

London - US automaker Ford will close its engine plant in south Wales next year, threatening more than 1,500 jobs, in a "grotesque act of economic betrayal", British unions said on Thursday.

Fiat Chrysler withdraws offer of merger with Renault

Paris - Italian-American carmaker Fiat Chrysler on Thursday said it had withdrawn a proposal for a merger with Renault, saying it would be unable to reach an agreement with the French government.

Fiat Chrysler withdraws offer of merger with Renault

Paris - Italian-American carmaker Fiat Chrysler on Thursday said it had withdrawn a proposal for a merger with Renault, saying it would be unable to reach an agreement with the French government.

Renault and Fiat Chrysler stuck over merger terms: report

Paris - Talks between Fiat Chrysler and Renault have hit a roadblock over the financial terms of the proposed merger between the Italian-US and French carmakers, the French business daily Les Echos reported online Thursday, citing sources close to Fiat Chrysle...

Old partner Nissan left sidelined by Renault-Fiat merger

Apo - Nissan, a long-time Renault partner, has been left sidelined by a potential tie-up between the French firm and Fiat-Chrysler, just as the beleaguered Japanese firm battles to recover from the arrest of former boss Carlos Ghosn.

Mexico to auction Lamborghini, Porsches seized from criminals

Mexico - Mexico announced Tuesday it will auction off scores of luxury cars seized by police, as its austerity-crusading president seeks to send a message in a country where powerful criminals often wield their bling with impunity.

European alliance to invest up to 6 bn euros in electric car batteries

Paris - European governments and companies will form an alliance for developing next-generation batteries for electric vehicles, investing five to six billion euros ($5.6 to $6.7 billion) in the project, the French and German finance ministers said Thursday.

Carole Ghosn: Carlos's wife puts her head above parapet

Apo - Not so long ago, Carole Ghosn was posing on the red carpet with tycoon husband Carlos in front of the world's media, seemingly without a care.

Ghosn hit with fresh charge in Japan, files for bail

Apo - Japanese authorities on Monday hit Carlos Ghosn with a fresh charge of aggravated breach of trust, the fourth indictment against the former Nissan boss who promptly filed for bail.

Ghosn 'facing fresh charges' as detention expires

Apo - Carlos Ghosn will learn his immediate fate on Monday when his detention period over suspected financial misconduct expires amid reports prosecutors will file fresh charges against the former Nissan boss.

Russia's Deripaska says US sanctions could shutter auto maker GAZ

Nizhny Novgorod - Russian oligarch Oleg Deripaska is adamant that unless the United States lifts sanctions against both him and his company GAZ, the carmaker could be forced to close by the summer.

German prosecutors charge ex-VW boss with fraud

Frankfurt Am Main - German prosecutors said Monday they had charged former Volkswagen chief executive Martin Winterkorn and four other managers over "dieselgate", bringing the cheating scandal back into the headlines just as VW battles to move on from the affair.

German prosecutors charge ex-VW boss Winterkorn with fraud

Frankfurt Am Main - German prosecutors said Monday they had charged former Volkswagen chief executive Martin Winterkorn and four other managers over the group's "dieselgate" emissions cheating scandal.

Japan court says Carlos Ghosn detention extended until April 22

Apo - A Japanese court on Friday ruled that Carlos Ghosn will remain in detention until April 22, as prosecutors grill the former Nissan boss over allegations of financial misconduct.

Carlos Ghosn's wife back in Japan for questioning

Paris - The wife of former Nissan chairman Carlos Ghosn has returned to Japan where she is to be questioned by prosecutors about her husband's alleged financial misconduct, the couple's lawyer said Wednesday.

Carlos Ghosn appeals detention to Japan's Supreme Court

Apo - Lawyers for former Nissan chief Carlos Ghosn on Wednesday appealed his ongoing detention to Japan's Supreme Court, after the auto tycoon was re-arrested last week while out on bail.

Nissan shareholders meet to sack Ghosn

Apo - Nissan shareholders were meeting Monday for a vote expected to eject Carlos Ghosn from the board, as the detained former chairman fights multiple financial misconduct charges that have landed him in custody.

Ghosn to name names as wife flees Tokyo

Paris - Arrested former Nissan boss Carlos Ghosn is set to name the people he believes are responsible for his downfall in Japan, his wife said in an interview on Sunday as she fled Tokyo out of fear she could be detained.

Ghosn to reveal who he blames for arrest in Japan: wife

Paris - Former Nissan boss Carlos Ghosn has recorded a message in which he names the people he believes are to blame for his legal problems in Japan, his wife said in an interview on Sunday.

Japan court extends Ghosn detention until April 14

Apo - Former Nissan boss Carlos Ghosn will remain in custody until at least April 14, a Japanese court ruled on Friday, as prosecutors quiz him over fresh allegations of financial misconduct.

'I have names': Ghosn vows to clear his name in Japan trial

Paris - Former auto tycoon Carlos Ghosn vowed to prove his innocence of alleged financial misdeeds but raised doubts about receiving a fair trial in Japan, in an interview with French television just before he was re-arrested on Thursday.

Crime and punishment: Ghosn case puts spotlight on Japan justice

Apo - The high-profile case of former Nissan boss Carlos Ghosn, with its multiple twists and turns, has thrown a spotlight on the Japanese justice system, criticised by some as overly harsh and reliant on confessions.

Ghosn vows he won't be 'broken' after re-arrest in Tokyo

Apo - Japanese prosecutors Thursday re-arrested Carlos Ghosn on fresh allegations of financial misconduct, as the former auto tycoon slammed an "outrageous and arbitrary" detention and vowed he would "not be broken.

French prosecutors open inquiry into Ghosn's Versailles wedding: legal source

Nterre - French prosecutors have begun an inquiry into the lavish wedding party at the Palace of Versailles for former Renault and Nissan chief Carlos Ghosn, part of which was billed to Renault, a legal source told AFP on Monday.

Court bars Ghosn from attending Nissan board meeting

Apo - A Japanese court on Monday barred Carlos Ghosn from attending a Nissan board meeting, as the bailed former chairman prepares his defence against charges of financial misconduct.
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