Automaker

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Automaker - Total results - 20
Coronavirus Outbreak Impact: Nissan to close Indonesia, Spain auto plants after sinking into red for first time in 11 years
Business

Coronavirus Outbreak Impact: Nissan to close Indonesia, Spain auto plants after sinking into red for first time in 11 years

Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squashed global demand and disrupted production

Nissan Motor plans to close Barcelona factories, 3,000 jobs lost; Spain's govt urges carmaker to consider alternatives
Business

Nissan Motor plans to close Barcelona factories, 3,000 jobs lost; Spain's govt urges carmaker to consider alternatives

Spain's government says that Japanese carmaker Nissan Motor Co. has decided to close its manufacturing plants in the northeastern Catalonia region, resulting in the loss of some 3,000 direct jobs

Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report
Business

Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report

When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.

Toyota Motor Corp sees 80% profit drop as coronavirus pandemic wipes $14 billion off car sales
Business

Toyota Motor Corp sees 80% profit drop as coronavirus pandemic wipes $14 billion off car sales

Toyota Motor Corp said on Tuesday it expects profit to drop by 80 percent to its lowest in nine years, as Japan’s biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles

Tata Motors, two group finance firms accused of antitrust violations in India; company denies allegations, to support enquiries
Business

Tata Motors, two group finance firms accused of antitrust violations in India; company denies allegations, to support enquiries

The latest complaint alleged Tata Motors broke rules by working in concert with Tata Motors Finance and Tata Capital Financial Services while advancing dealer credit.

Ex-Nissan chairman Carlos Ghosn indicted on aggravated beach of trust charge; likely to remain in custody
Business

Ex-Nissan chairman Carlos Ghosn indicted on aggravated beach of trust charge; likely to remain in custody

Prosecutors had to indict or release Ghosn by Monday under the terms of his detention.

Hyundai hires former Carlos Ghosn ally Jose Munoz as global COO, Americas head
Business

Hyundai hires former Carlos Ghosn ally Jose Munoz as global COO, Americas head

Munoz, 53, joined Nissan in 2004 in Europe and led its expansion in North America after the global financial crisis.

Toyota and Panasonic join hands to make electric vehicle batteries in 2020
News & Analysis

Toyota and Panasonic join hands to make electric vehicle batteries in 2020

Electric vehicle batteries produced by the joint venture will be sold to various automakers.

Daimler set to mass produce electric vehicles, to buy battery cells worth $23 bn
auto

Daimler set to mass produce electric vehicles, to buy battery cells worth $23 bn

Daimler declined to say which suppliers would be awarded the contracts.

Carlos Ghosn arrested: What misconduct is he accused of, how did it come to light; all you need to know
Business

Carlos Ghosn arrested: What misconduct is he accused of, how did it come to light; all you need to know

Carlos Ghosn became CEO of Nissan partner Renault in 2005, chairman of Nissan of 2008 and chairman of Renault in 2009, giving him considerable sway over both companies.

Nissan chief Carlos Ghosn arrested in Japan over allegations of financial misconduct; auto titan faces ouster from firm
World

Nissan chief Carlos Ghosn arrested in Japan over allegations of financial misconduct; auto titan faces ouster from firm

News of Nissan chairman Carlos Ghosn's arrest caused Renault shares to plummet more than 12 percent in Paris. The reports emerged after the trading day was over in Tokyo.

Tesla hikes prices on its Model X and S cars by 20 percent in China
News & Analysis

Tesla hikes prices on its Model X and S cars by 20 percent in China

Tesla slashed up to $14,000 off its Model X in China after Beijing said it would cut import tariffs.

Mazda claims to become the first automaker to commercialise more efficient petrol engine
News & Analysis

Mazda claims to become the first automaker to commercialise more efficient petrol engine

The engine is called SKYACTIV-X and Mazda had no plans to supply the engine to other carmakers.

Jaguar Land Rover breaks record by selling 5,83,313 cars in 2016
Auto

Jaguar Land Rover breaks record by selling 5,83,313 cars in 2016

Britain's biggest carmaker Jaguar Land Rover (JLR) sold a record 583,312 cars last year as the Indian-owned firm continues its rapid expansion with the aim of building 1 million vehicles a year at the turn of the decade.

Toyota Motor corp will embrace electric vehicle division with Akio Toyoda leading the division
News & Analysis

Toyota Motor corp will embrace electric vehicle division with Akio Toyoda leading the division

Toyota Motor Corp on Wednesday appointed its president to lead their newly formed electric car division, flagging its commitment to develop a technology that the automaker has been slow to embrace.

Toyota to setup a new in-house unit to focus on electric cars
News & Analysis

Toyota to setup a new in-house unit to focus on electric cars

Toyota Motor Corp said on Thursday it is setting up a new in-house unit to develop electric vehicles as the Japanese automaker speeds up efforts to produce more of the lower-emission cars.

Ford to invest Rs 1,300 cr in new tech & biz hub in India
Business

Ford to invest Rs 1,300 cr in new tech & biz hub in India

The automaker will invest $195 million (about Rs 1,300 crore) and would employ 3,000 workers over the next five years

Volkswagen will compensate US dealers; to spend at least $1.2 billion
News & Analysis

Volkswagen will compensate US dealers; to spend at least $1.2 billion

Volkswagen AG has agreed to spend more than $1.2 billion to compensate its 650 U.S. dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday.

Luxury electric car planned under Genesis brand by Hyundai Motor
News & Analysis

Luxury electric car planned under Genesis brand by Hyundai Motor

South Korean automaker Hyundai Motor Co plans to launch a luxury all-electric vehicle under its Genesis marque to build out the lineup of its new premium brand, Senior Vice President Manfred Fitzgerald said.

Toyota keeps top global automaker crown, sells 10.15 mn in 2015
Business

Toyota keeps top global automaker crown, sells 10.15 mn in 2015

Toyota kept its title as the world's biggest automaker today after posting global sales of 10.15 million vehicles for 2015, outpacing scandal-hit Volkswagen and US rival General Motors.