Category: Motor Age Articles

Nissan has scheduled an extraordinary shareholders’ meeting in April to discharge indicted directors Carlos Ghosn and Greg Kelly as well as appoint a new Renault-nominated one.

Nissan has scheduled an extraordinary shareholders meeting to discharge indicted directors Carlos Ghosn and Greg Kelly as well as appoint a new Renault-nominated one.

With his resignation as head of Renault after nearly 14 years, Carlos Ghosn is leaving behind a thriving global company that recorded record sales last year.

Carlos Ghosn resigned as chairman and CEO of Renault, French Finance Minister Bruno Le Maire said. Ghosn is set to be replaced as chairman by Michelin chief Jean-Dominique Senard, and as CEO by Thierry Bollore.

Boeing’s flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services.

The Larry H. Miller Group of Companies, which owns the country’s ninth-largest dealership group, is searching for a new CEO after announcing longtime company executive Clark Whitworth will step down.

Ford lost $116 million in the fourth quarter, its first loss in two years, and its profit for all of 2018 fell by more than half as lower margins in North America combined with losses everywhere else in the world.

Three automaker ventures invested $21 million in mobility startup Urgent.ly in an attempt to modernize roadside assistance programs.

FCA Canada says it will idle its Windsor Assembly Plant the week of Feb. 11, halting minivan production there. The automaker hasn’t given a reason for the shutdown.

Lawyers representing diesel owners suing FCA told a U.S. judge they are seeking up to $106.5 million in legal fees and out-of-pocket costs in connection with a settlement over excess vehicle emissions.