Renault could be seeking to reduce its equity stake in Nissan Motor Company in an effort to revive merger talks with Fiat Chrysler Automobiles (FCA). It's current lopsided alliance with Nissan was ultimately the death blow to merger talks a few months ago. The Wall Street Journal reports Renault and Nissan are in preliminary talks regarding restructuring their alliance. Citing… Read More...
General Motors' Cruise Automation division will not meet their goal of having a commercial self-driving ride-hailing service in 2019. The company is no longer providing a specific timeline for commercializing its self-driving technology. In an interview with The Verge Cruise CEO Dan Ammann confirmed the company will be unable to meet is goal this year. Instead, Ammann confirmed the company plans to greatly… Read More...
Nissan Motor Company is reportedly gearing up to slash up to 10,000 jobs globally as the carmaker sees sales in most regions continue to slide. The Japanese automaker previously announced 4,800 job cuts earlier this year in an attempt to turnaround the company's financial picture. However, AutoCar reports Nissan is expected to grow its number of job cuts up to 10,000, with… Read More...
Ford Motor Company is reducing its workforce at an assembly plant that builds nothing but crossover utility vehicles. The Unifor union confirms Ford plans to cut 185 jobs from its Oakville, Ontario assembly plant. The cuts, announced on the union's website, are slated to come in September 2019 as Ford cuts a third shift from the plant's paint shop and… Read More...
Volkswagen AG and Ford Motor Company have announced an alliance regarding electric vehicles and autonomous driving technology, broadening an already-announced alliance between the two automakers. Despite the deeper partnership, the alliance does not include equity stakes. The alliance was announced today by Volksagen AG CEO Herbert Diess and Ford Motor Company President and CEO Jim Hackett. On the product front,… Read More...
Volkswagen and Ford Motor Company are reportedly near a deal that will allow for additional collaboration between the two automakers. The additional collaboration is expected to be around autonomous technology and electric vehicles. Sources familiar with the negotiations between the two automakers tell Reuters the two automakers have reached a tentative agreement that will allow for Ford to leverage Volkswagen's MEB electric… Read More...
Five Japanese automakers have announced plans to join a self-driving car venture setup between Toyota Motor Corporation and SoftBank. The added investments broaden the backing of the all-Japanese effort to develop self-driving vehicles. Mazda Motor Corp, Suzuki Motor Corp, Subaru Corp, Isuzu Motors and Toyota unit Daihatsu will each take a stake of a few percent in the venture, reports Reuters.… Read More...
Ford Motor Company announced Thursday plans to reduce its manufacturing footprint and employee count in Europe. The announcement includes the closure or sale of several assembly plants throughout the region. According to the automaker, they will close the Ford Aquitaine Industries Transmission Plant in France, the Naberezhnye Chelny Assembly, St. Petersburg Assembly and Elabuga Engine Plant in Russia, the proposed… Read More...
General Motors announced Tuesday plans to invest $4.2 billion into pickup and SUV manufacturing between now and 2021. The substantial investment will spread between several of GM's assembly plants. The automaker says the investments will go into increasing capacity, improving operating efficiencies and making other upgrades at plants in Fort Wayne, Indiana; Flint, Michigan; and Arlington, Texas. Other investments are… Read More...
Fiat Chrysler Automobiles and Renault are hopeful merger talks can resume soon. The optimism stems from the outcome of a Nissan shareholders meeting this week. According to a Wall Street Journal report, Renault partner Nissan has not entirely nixed the idea of a merger between FCA and Renault. Instead, the alliance partner is hoping to reshape the existing alliance between Renault and… Read More...
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