PSA boss Carlos Tavares, who is no stranger to thrashing out difficult labor deals, is now taking on Germany's powerful IG Metall union, which has been the undoing of many a cost cutter.
PSA boss Carlos Tavares, who is no stranger to thrashing out difficult labor deals, is now taking on Germany's powerful IG Metall union, which has been the undoing of many a cost cutter.
An Ontario judge approved a settlement worth up to $229 million with about 20,000 owners of 3.0-liter VW, Audi and Porsche diesel vehicles in Canada affected by VW's emissions violations.
Nexteer, the steering specialist, is moving into the fast-growing Moroccan market. The executive leading the push, Herve Boyer, explained why the supplier is making the move to Automotive News Europe.
Assembly of the fifth-generation Nissan Micra began in December 2016 at alliance partner Renault's plant in Fins, France. Output peaked at more than 106,000 units in 2017, according to IHS Markit.
Mercedes brand retained its lead as China's top-selling luxury brand so far this year despite a surge in sales by Audi, last year's leader.
Seat's Cupra unit will soon have seven models in its lineup. The automaker's chief, Luca De Meo, expects the subbrand to account for 10 percent of Seat's sales within four years as he explained in an interview with Automotive News Europe.
Porsche aims to have at least 500 fast chargers available at dealership and highway locations across the U.S. by the end of 2019, the same year the automaker plans to launch its first EV, based on the Mission E concept.
The settlement with the CFPB cites Wells Fargo's practice of forcing auto insurance on some customers who took out loans to buy new vehicles. Wells Fargo also will "remediate harmed consumers," the bureau said.
The settlement with federal regulators, led by the CFPB, is expected to cite Wells Fargo's practice of forcing auto insurance on some customers who took out loans to buy new vehicles.
GM CEO Mary Barra said Devin Wenig will bring "significant expertise in technology, global operations and strategic planning" to the automaker's board.
Tim Russi, the Ally Financial auto finance president who led many digital initiatives and helped expand the lender's dealership reach, is leaving the post, effective immediately.
GM's Korean unit has warned that it would file for bankruptcy if there isn't a restructuring deal by Friday, as the operation is running out of cash to pay employees and suppliers amid slumping sales.
Wage talks between GM's South Korean unit and its labor union ended without an agreement on Thursday, a day before the deadline the company has set for filing for bankruptcy.
Johan de Nysschen unapologetically challenged leadership and the Cadillac team, while drawing the ire of many U.S. dealers with his ambitious -- and contentious -- Project Pinnacle plan to overhaul the brand and its retailers.
The European Commission won the power to fine automakers up to 30,000 euros ($37,131) per faulty car and order recalls as part of more centralized market oversight approved by EU lawmakers to prevent a repeat of VW's emissions scandal.
GKN's board has stepped down following the controversial takeover by investor group Melrose Industries, which has reportedly been waved through by the UK government, concluding that it raised no national security concerns (on the defence side of GKN's business).
Daimler is open to supplying Volvo with engines and could even take a small stake in the carmaker, Manager Magazin said, according to Reuters, suggesting increased cooperation between Mercedes-Benz and Geely.
Toyota Motor will unveil its first plug-in hybrid Corolla sedan and Levin compact car in China at the Beijing motor show, which opens on 25 April in Beijing.
Daimler is open to supplying Volvo with engines and could even take a small stake in the Swedish automaker, a report said, raising the possibility of increased cooperation between Mercedes and Volvo's China owner Geely.
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