Category: Motor Age Articles
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Cruise exec leery of spinoff from GM
A top executive at General Motors’ Cruise is cautious about an idea Wall Street keeps raising: The automaker’s self-driving unit ought to spin off from the core car business and cash in on its potential.
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Why JLR is losing money and how it plans to return to profit
Tata Motors has publicly backed its Jaguar Land Rover unit amid speculation about the future of its troubled UK subsidiary. But JLR is losing money and it faces many problems, including the costs associated with the industry shift to EVs and uncertaint…
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Saudi business partner, in Ghosn’s defense, details work for Nissan
Nissan’s Saudi business partner Khaled Juffali said his company received $14.7 million for helping the automaker resolve a dealership dispute and to pave the way for a joint venture.
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Oracle’s Ellison reveals $1 billion stake in Tesla
Larry Ellison, Oracle’s founder and long-time friend of Tesla CEO Elon Musk, joined the electric car maker’s board in December in an effort to show regulators that the board is providing effective oversight.
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Ghosn’s statement in Tokyo court
Carlos Ghosn told a Tokyo court he acted “honorably, legally, and with the knowledge and approval of the appropriate executives” inside Nissan. His prepared remarks were made before a judge as he faced allegations of aggravated breach of trust.
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Inside the race for next-generation EV battery supremacy
Scientists are struggling to crack the code of how to significantly boost the amount of energy a battery cell can store and bring an EV’s driving range into line with a full tank of gasoline. That quest has zeroed in on solid-state technology.
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Infiniti sales, marketing chief Christian Meunier succeeds Krueger as president
The former head of Nissan sales in the United States, Christian Meunier, has been named global president of the automaker’s Infiniti arm in the latest management shakeup following the arrest of former Chairman Carlos Ghosn.
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AutoNation trims top exec ranks, launches $50M restructuring plan
Less than four months after AutoNation began a search for a new CEO, four top-level executives — including its COO — are leaving the company.
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Ghosn declares innocence in first appearance since Nov. arrest
Nissan’s ousted Chairman Carlos Ghosn defended himself against allegations of financial misconduct in a Tokyo court on Tuesday, declaring his innocence in his first public appearance since his arrest in November.
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Ghosn: ‘I have been wrongly accused’
A handcuffed Carlos Ghosn made his first public appearance since being arrested almost two months ago, telling a Tokyo court he was “wrongly accused and unfairly detained” as he mounted a point-by-point defense against the accusations facing him. The o…