auto industry

 
 

GM CEO Barra's pay dipped slightly to just under US$22m in 2018

DETROIT, April 19 — General Motors Co's top executive, Mary Barra, received a compensation package worth just under US$22 million (RM90.6 million) in 2018, slightly less than the previous year, according to the No. 1 US automaker's proxy statement…


New N. American trade deal modestly boosts US economy, trade panel finds

WASHINGTON, April 19 — The new North American free trade pact would modestly boost the US economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the US…


US manufacturing flat in March, capping weak Q1

WASHINGTON, April 16 — American manufacturing was flat in March, which was good news after sharp declines in the prior two months that combined for a dismal first quarter, the Federal Reserve reported today. That weak performance has contributed…


Wife of ex-Nissan boss Ghosn leaves Japan to appeal to French government

TOKYO, April 7 ― The wife of former Nissan boss Carlos Ghosn has left Japan and flown to Paris to appeal to the French government to do more to help him, the Financial Times (FT) reported today. Japanese prosecutors arrested Ghosn for a fourth…


Fiat Chrysler to cut 1,500 jobs at Canada plant

MONTREAL, March 29 — Fiat Chrysler Automobiles (FCA) has announced it will cut some 1,500 jobs at its factory in Windsor, Canada, around a quarter of its local workforce. The Italian-American automaker took the decision, effective from the end of…


Nissan panel says facts point to legal violations by ousted chairman Ghosn

YOKOHAMA, March 28 — An external committee reviewing governance at Nissan Motor Co said yesterday there were enough facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn. Following a three-month…


GM to invest US$2.7b in Sao Paulo, Brazil factories over five years

DETROIT, March 20 — General Motors Co said yesterday it would invest US$2.7 billion (RM11 billion) in two Brazilian factories over the next five years, sparing them from a shakeup of the automaker’s operations, a decision hailed by the governor…


VW’s Scania sees China rebound, braces for Brexit hit to UK orders

STOCKHOLM, March 15 — Volkswagen-owned truckmaker Scania said yesterday that demand in China had bounced back since the start of this year, but it was bracing for a potentially significant drop in UK orders if Britain leaves the EU under a…


Ex-Nissan chair Ghosn leaves jail, says to fight Japan's 'meritless' charges

TOKYO, March 6 — Ousted Nissan Motor Chairman Carlos Ghosn was released from jail today after posting US$9 million (RM36.7 million) in bail, giving the executive fresh impetus to craft his defence against financial misconduct charges in Japan. The…


New EU-US trade talks next week in Washington

BRUSSELS, March 1 — European Union trade commissioner Cecilia Malmstrom is to meet her US counterpart Robert Lighthizer next Wednesday in Washington, an EU spokesman, as the two sides seek a limited trade deal amid renewed tensions. They have been…