VW exec Schmidt pleads not guilty, but must stay behind bars, judge says

UPDATED: 2/24/17 7:21 am ET -- adds details, links

Volkswagen executive Oliver Schmidt will remain behind bars as an extreme flight risk even after not-guilty pleas were entered on his behalf during his arraignment Thursday in U.S. District Court in Detroit.

 

Ghosn hands Nissan reins to cost-focused lieutenant

Newly promoted to CEO at Nissan, Hiroto Saikawa will bring a gruff, tough, no-nonsense approach to leading Japan's second-biggest car maker at a time of rapid technological change in the industry.

Honda's Mendel to retire April 1; Conrad gets top role
UPDATED: 2/21/17 7:50 pm ET -- adds Mendel remarks

John Mendel, an auto industry veteran who steered Honda and Acura through the Takata airbag crisis, is retiring as executive vice president of

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Waymo claims former employee stole self-driving tech secrets

Waymo, in a lawsuit filed Thursday in California, claims Anthony Levandowski downloaded 14,000 files before leaving to start his own company, Otto, which was later bought by Uber. The suit is the latest sign that the battle over dominance in autonomous vehicle development is heating up.

PSA's Tavares says Opel deal would find 'speedy' savings

PSA's proposed acquisition of Opel would swiftly create savings and value for both companies, PSA CEO Carlos Tavares said. PSA could attract new customers currently reluctant to buy French cars, while generating savings from shared technical underpinnings, he said.

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