Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.Nissan has long resisted Rena.. Read the news
The ugly trade numbers come as policymakers seek to balance virus containment measures against the need to revive battered parts of the economy, with the risk of a second wave of infections only complicating this challenge.The central bank will hold an emergency meeting.. Read the news
U.S. authorities on Wednesday arrested a former Special Forces soldier and another man wanted by Japan on charges that they enabled the escape of former Nissan Motor Co boss Carlos Ghosn out of the country.Federal prosecutors in Massachusetts said former U.S. Green Bere.. Read the news
Following the Coupe and Cabriolet, the third body style of the new 911 generation is now making its debut with the all-wheel drive 911 Targa 4 and 911 Targa 4S models. The innovative, fully automatic roof system remains its distinguishing feature, and just like the lege.. Read the news
Cruise officials acknowledged they were cutting jobs, but declined to confirm the number. According to an internal email partially read to Reuters, about 8% of the staff would be cut, which amounts to more than 140 people.The outbreak has caused funding to dry up in the.. Read the news
The move comes as states and cities around the United States experiment with ways to safely reopen their economies after the coronavirus outbreak shuttered businesses and forced tens of millions of Americans out of work.Musk over the weekend threatened to leave Californ.. Read the news
FCA analyzed Global Warming Potential (GWP) of redesigned Jeep® Wrangler Unlimited, compared with previous model Each new Wrangler Unlimited has potential – over its lifetime – to account for emissions reduction equivalent to CO2 produced by burning 7.7.. Read the news
Fiat Chrysler said on Tuesday it turned to a net loss in the first quarter as a consequence of the crisis triggered by the spread of the coronavirus.“The pandemic has had, and continues to have, a significant impact on our operations,” Fiat Chrysler (FC.. Read the news
Ferrari said it now saw its 2020 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) edging down from the previous year to between 1.05-1.20 billion euros.In February, Ferrari had guided for an increase in 2020 EBITDA to between 1.38-1.43 bill.. Read the news
Slipping into profanity on a call with analysts after the results on Wednesday, Musk called current stay-at-home orders “fascist” and said it was a serious risk to the business.His remarks come around a year after Tesla managed to end a series of legal and r.. Read the news
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