Automotive Industry

Nissan's profit drops amid former chair Ghosn's arrest

Crisis-hit Japanese automaker Nissan slashed its full-year forecast as nine-month net profit dropped 45 percent in the first earnings report since the stunning arrest of former chairman Carlos Ghosn.

Nissan cancels plans to make X-Trail SUV in the UK

Nissan said it will consolidate production of the next generation X-Trail at its plant in Kyushu, Japan, where the model is currently produced, allowing the company to reduce investment costs in the early stages of the project.

Macron says France wants to keep Renault-Nissan 'balance'

Macron said he had discussed with Japanese Prime Minister Shinzo Abe the situation surrounding the arrest of Franco-Brazilian-Lebanese executive, Carlos Ghosn.

Nissan files criminal complaint against former CEO Ghosn

Earlier Tokyo prosecutors filed two new charges of financial misconduct against Carlos Ghosn.

Ford, Jaguar slash thousands of jobs across Europe

Mass-market carmaker Ford and luxury-focused Jaguar Land Rover have announced sweeping restructuring that will cost thousands of jobs in Europe.

Fiat Chrysler to pay more than $700m over US diesel emission claims

Fiat Chrysler will pay $311 million in penalties to the Justice Department, at least $75 million to states investigating the excess emissions and additional funds to offset excess emissions and $280 million to settle a lawsuit by owners.

Nissan's Ghosn says he's innocent in first court appearance since arrest

Ghosn, credited with rescuing Nissan from near-bankruptcy two decades ago, appeared thinner then before his arrest as he entered a court in handcuffs and a rope around his waist, wearing a dark suit without a tie.

Mercedes aims to be among top two players to scale autonomous tech

Mercedes, Germany's trademark car company, wants to develop a self-driving car, increasing fierce competition with firms like Uber, Google, General Motors and Volkswagen.

Ghosn's detention extended to January 11 - media

The growing case against the auto tycoon represents a stunning reversal of fortune for a man once revered in Japan and beyond for his ability to turn around automakers, including Nissan.

Japan court OKs bail for Nissan American exec in Ghosn case

Tokyo District Court says Nissan Motor Co. executive Greg Kelly, who was detained and charged with underreporting the income of his boss, former Nissan chairman Carlos Ghosn, will be released on 70 million yen ($635,600) bail.

Renault and Nissan execs sought other ways to pay Ghosn - documents

Some discussions about compensating Renault-Nissan Chairman Carlos Ghosn out of the public eye were not confined to the Japanese carmaker, but also included Renault executives. Ghosn was arrested on November 19 in Japan on suspicion of fraud.

How German police officers anonymously threatened a German-Turkish lawyer

Seda Basay-Yildiz and her young daughter were threatened by five German police officers in an anonymous fax message.