Automotive Industry

Turkey moves ahead with its game changing electric vehicles

Prototype models of the Togg vehicle were unveiled by Turkish President Recep Tayyip Erdogan last year with full production set to produce consumer versions in the coming years.

Japan tax agency finds Ghosn used Nissan money for private use - report

A Japanese newspaper reported that the National Tax Agency found ex-CEO of Nissan Carlos Ghosn used the company’s money for several years to pay consultant's fees to his sister for fictitious work and to make donations to a university in Lebanon.

Boeing, Porsche partner on electric flying car

Boeing is already competing with arch-rival Airbus SE and other companies to introduce small self-flying vehicles capable of vertical takeoff and landing.

General Motors strike negotiations take 'turn for the worse' - union

Sides have been meeting daily since the GM strike began on September 16 with its 48,000 UAW members seeking higher pay, greater job security, a bigger share of the automaker's profit and protection of healthcare benefits.

Differences wide in UAW talks with GM, strike more likely

The union said it will let its four-year contract with General Motors expire just before midnight. But workers are to report to their jobs if they're scheduled to work on Sunday.

Nissan CEO Saikawa admits receiving excess pay

Hiroto Saikawa, the chief executive of scandal-plagued Nissan, acknowledged receiving inappropriate payments from the Japanese automaker but denied he ordered it or knew about it.

Jaguar Land Rover to build electric cars in UK

The announcement gives a boost to Britain's automotive sector hit this year by Honda and Ford's plans to close factories.

Recriminations as Fiat Chrysler pulls merger bid for Renault

Fiat Chrysler Automobiles withdrew the proposal late Wednesday, citing "political conditions in France" after the French government, Renault's biggest shareholder, asked for five more days to review the deal and obtain support from Nissan.

Fiat Chrysler presents plan for merger with Renault

The Italian-US carmaker "has today delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger", statement says.

Hyundai denies tie-up with Tencent on software for self-driving cars

Hyundai’s comments come a day after a report cited unnamed industry sources on as saying the two companies planned to conduct joint research and development on safety and security systems for self-driving cars.

'Facing 4th charge,' ex-Nissan boss Carlos Ghosn to give his side of story

Tokyo prosecutors are considering pressing a fresh fourth charge against Carlos Ghosn over financial misconduct, which now may include buying a luxury boat used by the family of the ex-Nissan boss with money from the car company.

VW to cut up to 7,000 jobs to reach $6.6B annual savings goal

German carmaker Volkswagen says it plans to cut thousands of jobs as a part of a restructuring plan.