Tag: Industry News

Nissan’s Saikawa Reportedly Approved Ghosn’s Retirement Deal; Coup Claims Emerge

<img data-attachment-id="1664882" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/Hiroto_Saikawa-e1552067752617.jpg" data-orig-size="2222,1843" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"Nissan","camera":"","caption":"President, CEO and Representative Director, Nissan Motor Co., Ltd.","created_timestamp":"0","copyright":"\u00a9 2017 Nissan","focal_length":"0","iso":"0","shutter_speed":"0","title":"Hiroto Saikawa","orientation":"1"}" data-image-title="Hiroto Saikawa" data-image-description=" Nissan ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/Hiroto_Saikawa-e1552067752617-422×350.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/Hiroto_Saikawa-e1552067752617-610×506.jpg” class=”aligncenter size-large wp-image-1664882″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/Hiroto_Saikawa-e1552067752617-610×506.jpg” alt width=”610″ height=”506″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/Hiroto_Saikawa-e1552067752617-610×506.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/Hiroto_Saikawa-e1552067752617-75×62.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/Hiroto_Saikawa-e1552067752617-422×350.jpg 422w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/Hiroto_Saikawa-e1552067752617-768×637.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/Hiroto_Saikawa-e1552067752617-120×100.jpg 120w” sizes=”(max-width: 610px) 100vw, 610px”> The arrest of Carlos Ghosn, former head of the […]

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Faraday Future Getting Back Into the Game With New Chinese Partner

<img data-attachment-id="1483361" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/FF_91_Exterior_8-e1483552053876.jpg" data-orig-size="610,343" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="ff_91_exterior_8" data-image-description=" Image: Faraday Future ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/FF_91_Exterior_8-450×253.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/FF_91_Exterior_8-610×343.jpg” class=”aligncenter size-large wp-image-1483361″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/01/FF_91_Exterior_8-610×343.jpg” alt width=”610″ height=”343″> With Faraday Future and Evergrande Health having officially settled their bitter legal dispute late last year, the once-again independent automaker could finally get back to hunting for new investors. Despite Faraday’s entire existence being overshadowed […]

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Renault Reportedly Interested in FCA; Nissan Merger Still in the Works

<img data-attachment-id="1665312" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies.jpeg" data-orig-size="760,462" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="renault-nissan-mitsubishi buddies" data-image-description=" nissan ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-450×274.jpeg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-610×371.jpeg” class=”aligncenter size-large wp-image-1665312″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-610×371.jpeg” alt width=”610″ height=”371″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-610×371.jpeg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-75×46.jpeg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-450×274.jpeg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-120×73.jpeg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies.jpeg 760w” sizes=”(max-width: 610px) 100vw, 610px”> Renault reportedly wants to restart merger talks with Nissan next year and is even considering a follow-up marriage with another […]

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Feds Probe UAW ‘Flower Funds’ in Broadening Corruption Case

<img data-attachment-id="1666156" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/shutterstock_335614826-e1553013089335.jpg" data-orig-size="2200,1467" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="UAW HQ Detroit" data-image-description=" James R. Martin/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/shutterstock_335614826-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/shutterstock_335614826-610×407.jpg” class=”aligncenter size-large wp-image-1666156″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/shutterstock_335614826-610×407.jpg” alt width=”610″ height=”407″> Federal investigators are expanding their ongoing corruption investigation into the United Auto Workers and Detroit Three by taking a long look at donated money intended to buy flowers for member funerals. The […]

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Sex, Drugs, and Electric Cars: Report Claims Elon Musk Tried to ‘Destroy’ Whistleblower, Spied on Union Meetings

<img data-attachment-id="1652870" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2018/12/tesla-1724773_1920-e1544814318794.jpg" data-orig-size="1670,1190" data-comments-opened="1" data-image-meta="{"aperture":"4.5","credit":"","camera":"Canon EOS 5D Mark III","caption":"","created_timestamp":"0","copyright":"","focal_length":"85","iso":"10000","shutter_speed":"0.008","title":"","orientation":"0"}" data-image-title="Tesla charger" data-image-description=" tesla ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/12/tesla-1724773_1920-e1544814318794-450×321.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/12/tesla-1724773_1920-e1544814318794-610×435.jpg” class=”aligncenter size-large wp-image-1652870″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/12/tesla-1724773_1920-e1544814318794-610×435.jpg” alt width=”610″ height=”435″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2018/12/tesla-1724773_1920-e1544814318794-610×435.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/12/tesla-1724773_1920-e1544814318794-75×53.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/12/tesla-1724773_1920-e1544814318794-450×321.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/12/tesla-1724773_1920-e1544814318794-768×547.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2018/12/tesla-1724773_1920-e1544814318794-120×86.jpg 120w” sizes=”(max-width: 610px) 100vw, 610px”> A recent report from Bloomberg frames Tesla CEO Elon Musk as quite the jerk in relation to […]

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Greener, but Leaner: It’s Volkswagen’s Turn to Cut Jobs

<img data-attachment-id="1656306" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6.jpg" data-orig-size="980,600" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="2020 Volkswagen Passat 6" data-image-description=" vw ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-450×276.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-610×373.jpg” class=”aligncenter size-large wp-image-1656306″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-610×373.jpg” alt width=”610″ height=”373″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-610×373.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-75×46.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-450×276.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-768×470.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6-120×73.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/01/2020-Volkswagen-Passat-6.jpg 980w” sizes=”(max-width: 610px) 100vw, 610px”> Volkswagen Group just announced a restructuring plan aimed at raising the company’s operating margin to 6 […]

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With Ghosn Gone, Nissan CEO Allegedly Changes Mind About Retirement

Nissan’s Chief Executive Officer, Hiroto Saikawa, apparently intends to stick around a little longer than previously expected. According to unnamed Nissan staffers who spoke to Bloomberg, the CEO told executives he plans to stay at least three more years to help the automaker recover from the aftermath of the scandal involving Renault-Nissan-Mitsubishi Alliance head Carlos Ghosn — despite recently […]

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The 2019 Geneva Motor Show Is Basically a Middle School Dance

As we get older, whole sections of our lives are mentally distilled into a handful of standout moments, accompanied by the broad strokes of shared experiences. Among them is the middle school dance, which really isn’t so much a dance as it is an opportunity for people to stand around wishing everyone would couple up […]

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Ghosn Leaves Japanese Jail in Disguise, Out on $8.9 Million Bail

Former Renault CEO Carlos Ghosn has left a Tokyo prison after posting bail to the tune of $8.9 million. His 108-day detention ended with the industry titan being escorted out out the building while wearing a disguise that entailed a cap, surgical mask, glasses, and workman’s clothes. Ghosn left the Tokyo Detention House around 4:30 […]

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NADA 2019: Toyota Promises Dealers More Utility Vehicles, Plans to Ignore EVs

While the closing day of the 2019 National Automobile Dealers Association meetup revolved around charitable opportunities, engineering equality in the workplace, and a talk from author, pro golfer, and USAF veteran Major Dan Rooney on the merits of personal accountability, the rest of the event focused more directly on the auto industry. One of the larger […]

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BMW and Mercedes-Benz: The Next Automakers to Buddy Up?

Cooperation is commonplace among automakers. Chrysler has worked with, or been purchased by, just about everyone at this point, but it’s far from the only manufacturer to get chummy with a rival company. Ford and Volkswagen are busy discussing their future together and Toyota tapped other brands to help it co-develop performance models like the 86 […]

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Germany Engineering Firm Pleads Guilty to Involvement in VW Emissions Scandal

IAV GmbH, the German engineering company co-owned by Volkswagen Group, plead guilty to a felony count of conspiracy in a U.S. District Court on Friday, to the surprise of absolutely no one. Last month, authorities said the firm had already agreed to a guilty plea and multi-million-dollar fine for its role in helping Volkswagen Group develop […]

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General Motors Now Mexico’s Top Automaker, UAW/Unifor Decidedly Annoyed

As General Motors takes aim at its own foot in the United States, it’s managed to become Mexico’s top automaker by volume. The company saw a nearly 3 percent U.S. decline in the fourth quarter of 2018, during which it announced the shuttering of several U.S. and Canadian facilities as part of a widespread restructuring program […]

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Tesla Leasing Partner Embroiled in Financial Trouble

Tesla’s Dallas-based leasing partner, MUSA Auto Finance, finds itself in a tough spot. Apparently, the business is having trouble keeping up with all the business the automaker is doing. Founded in 2016, MUSA joined up with Tesla in June of this year. However, it has reportedly been unable to finance new leases since October. According to […]

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Trade War Watch: China to Temporarily Suspend U.S. Auto Tariffs

China announced Friday its intent to reduce tariffs on imports of American-made cars as it tries to negotiate a trade deal with the United States. As you’ll recall, the People’s Republic imposed additional punitive tariffs on U.S. cars and auto parts earlier this year after promising it would lower the trade barriers on a global […]

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Ghosn Planned to Oust Nissan CEO Prior to Arrest in Japan, Sources Claim

Prior to his arrest in Japan last month over presumed financial misconduct, Carlos Ghosn was allegedly planning to remove Nissan CEO Hiroto Saikawa. The plot has certainly thickened. Ghosn, who was serving as Nissan Motor Co.’s chairman at the time, was believed to be on the cusp of an upper-level management shakeup within the Renault–Nissan–Mitsubishi […]

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Damage Control: GM Attempts to Smooth Things Over in Washington

General Motors’ restructuring plan has placed it under heavy fire. As it turns out, domestic job cuts and factory closings aren’t all that popular on Capitol Hill or in middle America, especially when a company appears financially healthy. Go figure. Hoping to mitigate the social damage that’s only guaranteed to escalate next year, GM CEO […]

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Trade War Watch: Trump Says China Will Remove Car Tariffs, China Claims Nothing

Last night President Donald Trump tweeted that China had agreed to reduce tariffs. While The People’s Republic already lowered tariffs over the summer, it chose to cut the United States out of that deal as trade relations worsened. In fact, America found itself subject to an increased, 40-percent fine on imported autos while the rest […]

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Fiat Chrysler Substituting Fiat Production, Adding More Jeeps in Italy

During Fiat Chrysler CEO Sergio Marchionne’s final days, he said his company would begin prioritizing Jeep production in Europe. This of course comes at the expense of the Fiat brand, which lost a sizable hunk of the European market after 2009 and appears to be outright failing in the United States. While the brand gained […]

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Everyone Who’s Not a Shareholder Is Reportedly Angry Over GM’s Decision to Slash Jobs

The big news this week is General Motors’ decision to cull its lineup, closing plants and sacking about 15 percent of its North American workforce in the process. According to Chief Executive Officer Mary Barra, GM’s official reasons for doing so are all part of its grand plan to transition to a company focused on […]

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