auto industry

 
 

Renault says board will meet Tuesday to respond to Fiat Chrysler bid

PARIS, May 31 — Renault’s board of directors will meet Tuesday to formulate its response to a merger proposal by Fiat Chrysler, which is likely to lead to talks aimed at creating the world’s third-largest automaker, the company said. Fiat…


Renault tries to reassure partner Nissan on Fiat plans

TOKYO, May 29 ― Renault officials today sought to reassure the firm's alliance partner Nissan over a possible tie-up between the French automaker and Fiat Chrysler, which could up-end the auto industry. Renault and Nissan representatives were…


Elkann enlists Renault to drive Fiat family fortunes

MILAN, May 28 ― When John Elkann lost his ally last year with the sudden death of Sergio Marchionne, some questioned whether the softly-spoken scion of the Agnelli clan would be able to emerge from his shadow to ensure Fiat Chrysler's future. But…


Japan’s trade surplus falls sharply as exports drop

TOKYO, May 22 — Japan’s trade surplus dropped by around 90 per cent in April, official data showed today, with exports affected by a slowdown in China’s economy as it wages a trade war with Washington. Meanwhile, Japan’s politically…


Germany’s Bosch aims to go carbon-neutral from 2020

FRANKFURT, May 9 — Car parts supplier Bosch said today it plans to produce zero net carbon emissions “from 2020” and to spend €2 billion (RM9.1 billion) on renewable electricity over the next decade. “Our calculations show that it’s…


Toyota annual net profit drops by a quarter

TOKYO, May 8 — Japanese car giant Toyota said today its annual net profit fell by a quarter, despite record sales, blaming investment losses — but it forecast an upturn in the year ahead.  Toyota’s bottom line for the past year was pushed…


'Feels terrible', Iranians say a year after US sanctions reimposed

TEHRAN, May 7 ― Alireza says he used to dream of a better future in Iran and even saw himself getting a new car or house, but those days are now gone after he lost his job to reimposed US sanctions. “My purchasing power has been cut, and my life…


US labour opposes USMCA in current form, says union chief

WASHINGTON, April 24 — The head of the largest US labour union said yesterday he opposes ratification of the new North American free trade pact, because he doubts Mexico will enforce labour reforms required by the deal. Richard Trumka, president…


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…