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Dec
7th

Nissan takes orders for $1.1 million GT-R by Italdesign

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Nissan said it will build 50 versions of the GT-R50 by Italdesign, which was unveiled earlier this year at the Goodwood Festival of Speed in the U.K. The car starts at $1.1 million.
Dec
7th

Tower International to sell European unit in $291 million deal

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Metal components supplier Tower said it agreed to sell off its European division to a privately owned French automotive supplier in a deal valued at about $291 million.
Dec
7th

How the Japanese legal system could treat Ghosn next week

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Monday marks the end of Carlos Ghosn's 22-day detention, having been held without charge since his arrest on suspicion of under-reporting compensation following a whistleblower tip.
Dec
7th

What’s it like to be an HGV driver? – pictures

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Dec
7th

Ford begins European restructuring with management shakeup

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Ford has taken the first step in restructuring its money-losing European business that is expected to involve axing models, cutting jobs, and possibly factory closures.
Dec
7th

Daimler eyes larger stake in Chinese JV – report

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Daimler has raised the prospect of boosting its stake in a joint venture with Chinese partner BAIC Motor, according to Bloomberg sources, as the automaker seeks to gain more control over its operations in the world's largest car market.
Dec
7th

Tesla after bids as China Gigafactory build starts

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Tesla has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by the Reuters news agency which said this was the clearest indication that construction was imminent.
Dec
7th

BYD plans listing for batteries biz – report

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BYD, the electric vehicle and batteries specialist based in China and backed by billionaire investor Warren Buffett, is reportedly planning a share listing for its battery business by the end of 2022.  
Dec
7th

FCA to revive Detroit plant for three-row Jeep – paper

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Fiat Chrysler Automobiles plans to convert an idled engine plant in Detroit into an assembly plant as part of plans to add a new three-row Jeep SUV to its lineup, the Detroit News reported.
Dec
7th

Tesla’s plan to make bond payment in March emerges

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Tesla notified holders of bonds due in March that if they elect to convert the debt, they'll be paid with a 50-50 mix of cash and stock, according to a copy of a document seen by Bloomberg.
Dec
7th

Trump’s pick to run CFPB wins approval from Senate

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President Donald Trump will finally have his own permanent nominee running the Bureau of Consumer Financial Protection, a controversial agency that Republicans say has stifled economic growth.
Dec
7th

Nosing around inside Jaguar’s E-Pace – the week

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Analysis of the Jaguar E-Pace interior was a popular read this week while newshounds were drawn to the awful possibility the latest round of Ford restructuring could cost 25,000 jobs.
Dec
7th

US-China spat hurting Germans, VDA says

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The trade dispute between the United States and China is affecting Germany's automotive sector with the number of new vehicles in the Chinese market expected to fall this year, the VDA industry association said.
Dec
7th

Tesla’s top legal chief to leave, Washington lawyer named general counsel

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Tesla General Counsel Todd Maron is leaving the company, adding to a long list of senior management departures this year. Tesla said it hired Washington lawyer Dane Butswinkas as his successor.
Dec
7th

Bosch expects a flat 2019

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Bosch expects global car production in 2019 to languish at this year's level, the head of its core components unit has said, citing a slowdown in China and lower demand for diesel cars in Europe.
Dec
7th

Ghosn expected to be indicted on Monday – Nikkei

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Tokyo prosecutors are expected to indict Carlos Ghosn, the former chairman of Nissan Motor and Mitsubishi Motors, along with former Nissan representative director Greg Kelly and Nissan Motor itself on Monday, the Nikkei business daily reported.
Dec
7th

Ford reorganises Europe management

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Ford of Europe has announced leadership changes which it says are designed to accelerate the company's "transformation efforts" and create a more agile organisation.
Dec
7th

Renault said to be near first conclusions in Ghosn probe

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Renault is aiming to reach in about a week the first conclusions of an internal probe into whether the pay packages of Carlos Ghosn and other top managers of the automaker were properly disclosed.
Dec
7th

Knorr-Brenze acquires Hitachi commercial vehicle steering business

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Braking systems specialist Knorr-Bremse is to acquire the commercial vehicle steering business (IPS) from Hitachi Automotive Systems in Japan and Thailand.
Dec
7th

NIssan partially blames Ghosn for latest inspection crisis in Japan

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Nissan discovered more final inspection problems and said it will recall 150,000 vehicles in Japan as an executive blamed ousted boss Carlos Ghosn for partially fanning the lapses.
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