Nissan's independent board members failed to nominate a successor to Carlos Ghosn as chairman in the wake of his arrest and dismissal for alleged financial misconduct, reports said.
Nissan's independent board members meet Tuesday to select Carlos Ghosn's successor as chairman. Their choice to replace the ousted car titan, who sits in a Japanese jail, will indicate the direction the automaker's alliance with Renault will take.
Nissan's independent board members failed to nominate a successor to Carlos Ghosn as chairman in the wake of his arrest and dismissal for alleged financial misconduct, Reuters and Kyodo News reported.
Nissan's independent board members failed on Tuesday to nominate a successor to Carlos Ghosn as chairman in the wake of his arrest and dismissal for alleged financial misconduct, Kyodo News reported.
Despite an anemic 0.6 percent increase in November U.S. sales, Mercedes-Benz remained No. 1 among luxury brands last month.
Volkswagen sales slid 8.3 percent in November to 26,789, despite record Tiguan sales. Audi sales fell 11%, their second consecutive month of decline.
General Motors is already cutting some white-collar contract workers, a month ahead of announced plans to slash its internal salaried work force.
GM CEO Mary Barra is scheduled to meet Ohio's U.S. senators on Capitol Hill on Wednesday to discuss the automakers' decision to idle four U.S. plants and potentially cut more than 14,000 jobs.
Lincoln says building standalone luxury showrooms is vital to its growth; California dealer group says it's financially harmful.
Hyundai-Kia's combined U.S. sales edged up 1.1 percent in November as Hyundai's crossover momentum continued to build.
Nissan North America had a chilly November, with U.S. sales tumbling across the board, even in the typically resilient light-truck segment.
The California Highway Patrol had some trouble pulling over a Tesla Model S after the driver was determined to be asleep behind the wheel while the vehicle operated on Autopilot.
Each of the Detroit-based automakers suffered double-digit sales declines. FCA was down 35.2 percent. GM was down 18.3 percent while Ford fell 10.7 percent. Nissan and Toyota had record months.
Except for gains at Lincoln, Ford's November sales dropped in nearly every measurable category.
Ford's $11 billion restructuring could cost 25,000 employees their jobs, exceeding the cutbacks General Motors announced last week, according to Morgan Stanley.
Ford's $11 billion restructuring could cost 25,000 employees their jobs, with Europe bearing the brunt of the cuts, according to Morgan Stanley.
Top executives of VW, Daimler and BMW have a balancing act to pull off when they meet with Trump administration officials Tuesday about potential tariffs on U.S. imports from Germany.
Top executives of Volkswagen Group, Daimler AG and BMW AG have a balancing act to pull off when they meet with Trump administration officials Tuesday about potential tariffs on U.S. imports from Germany.
Democratic Republic of Congo has declared cobalt a "strategic" substance, according to a government decree, raising the royalty rate miners will pay to 10 percent.
U.S. sales for FCA US rose 17 percent in November to 181,310 vehicles, a gain largely driven by fleet transactions.
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