Earnings

Renault shareholders narrowly approve Ghosn's $8.6 million salary

June 15, 2018 17:40 CET

Renault shareholders approved CEO Carlos Ghosn's 7.4 million euro ($8.6 million) compensation for 2017, averting a boardroom crisis as the automaker explores closer consolidation with alliance partner Nissan.... Read More »

Renault boss Ghosn faces tight shareholder vote on pay

June 13, 2018 20:01 CET

Renault boss Carlos Ghosn faces a tense salary vote at the company's annual shareholder meeting when the French government, the automaker's largest shareholder, is expected to oppose his 7.4 million euro ($8.7 million) 2017 payout.... Read More »

GM 'will eventually' feel impact of trade uncertainty, Barra says

9:57 am U.S. ET | June 12, 2018

General Motors CEO Mary Barra said if trade uncertainty continues, it "will eventually" have an impact on the company's operations. The automaker has already seen higher steel and aluminum prices.... Read More »

Tesla passed over by most do-good investors

1:39 pm U.S. ET | June 4, 2018

Just 86 of about 1,200 do-gooder investment funds tracked by Bloomberg own Tesla shares. And of those, only seven count Elon Musk's company as a top-10 holding.... Read More »

Ford CEO: We're 'reinventing' the car, not trying to kill it

12:05 pm U.S. ET | May 10, 2018

CEO Jim Hackett says the company doesn't intend to lose customers with decision to ax sedans in favor of SUVs and pickups; Bill Ford says he remains frustrated by lagging stock price... Read More »

VW will get 'clear moral compass,' new CEO promises shareholders

May 3, 2018 10:47 CET

VW will expand its internal whistleblower system to give the automaker a clear moral compass, its new CEO, Herbert Diess, said. VW also is pondering spin-offs of non-core assets such as motorcycle maker Ducati, Diess told the company's annual meeting.... Read More »

Investment firm opposes key nominees for VW board

May 2, 2018 11:15 CET

The reelection of the Porsche-Piech clan's leader and the appointment of a marketing expert to Volkswagen Group's supervisory board are being opposed by investment advisory firm Hermes EOS.... Read More »

UAW says it gained almost 15,000 members in 2017

4:45 pm U.S. ET | March 29, 2018

Total membership in the UAW rose by 15,000 workers to 430,871 in 2017, marking the eighth consecutive year that the union saw an increase in total membership.... Read More »

Tesla shareholders approve Musk's $2.6 billion compensation plan

1:09 pm U.S. ET | March 21, 2018

Tesla shareholders approved a compensation package potentially worth billions of dollars for CEO Elon Musk in a test of their confidence in the leader of the electric car company.... Read More »

VW will lean on battery suppliers to power electrification blitz

9:03 am U.S. ET | March 13, 2018

Armed with a product plan stacked with full-electric and hybrid vehicles, Volkswagen Group will rely on suppliers with greater battery expertise, CEO Matthias Mueller said.... Read More »

Tesla expects to hit cap for federal tax credits in 2018

4:32 pm U.S. ET | Feb. 23, 2018

Tesla said it will likely sell its 200,000th vehicle this year -- the volume cap at which the $7,500 federal tax incentive for electric vehicles begins to be phased out.... Read More »

Renault-Nissan has no plans for executive bonus plan, Ghosn says

June 15, 2017 06:01 CET

Renault-Nissan has no current plans to introduce an additional bonus scheme for executives at the carmaking alliance, CEO Carlos Ghosn said.... Read More »

NEWS ANALYSIS

GM, Tesla: A tale of two shareholder meetings

12:42 pm U.S. ET | June 7, 2017

How does CEO Elon Musk make the "magic happen" at Tesla Motors? Ambien, red wine and a vintage record player.... Read More »

Tesla's board faces investor push for annual votes on directors

1:44 pm U.S. ET | June 5, 2017

Tesla recommends annual service inspections on its cars. Some of the electric-car maker's investors want its board subject to yearly checkups, too.... Read More »

Bosnian activists fail to secure seats on Grammer board

May 25, 2017 09:46 CET

Bosnia's Hastor family failed in a bid to get three representatives onto the supervisory board of German supplier Grammer at the annual shareholder meeting.... Read More »

Grammer rejects call to replace chairman in shareholder tussle

May 24, 2017 14:44 CET

German supplier Grammer braced for a showdown with Bosnian investor group Cascade at its shareholders' meeting, rejecting a demand to replace the chairman of the annual general meeting.... Read More »

Audi pledges transparency amid emissions probes

May 18, 2017 10:14 CET

Dealers for the FAW-VW joint venture in China fear that plans for an Audi joint venture with VW Group's southern JV partner SAIC to build and sell Audi vehicles via SAIC-VW's retail network will hit their sales.... Read More »

Virtual meeting met with mixed reviews

12:01 am U.S. ET | May 15, 2017

Ford Motor Co.'s annual shareholders meeting, normally held in Wilmington, Del., was held virtually this year for the first time in its 62-year history.... Read More »

Ford's annual meeting was virtual, but its troubles are real

6:31 am U.S. ET | May 11, 2017

Ford didn't experience any angry shareholders storming out of its annual meeting on Thursday. They weren't able to -- they watched the proceedings on their laptops.... Read More »

UAW's net assets fell in 2016 while membership grew 1.8%

3:50 pm U.S. ET | April 3, 2017

The UAW's net assets fell 7.9 percent from a year earlier to $861.7 million at the end of 2016, but membership rose 1.8 percent to 415,963 workers.... Read More »

NEWS ANALYSIS

Porsche family ready to bring in younger generation

April 1, 2017 06:01 CET

Ferdinand Piech's seat on the board of VW Group's majority shareholder could be taken by his nephew, Josef Ahorner. The move would be a step toward the Porsche-Piech's clan younger generation moving into key roles.... Read More »

Daimler shareholder demands right to be naked at annual meeting

1:52 pm U.S. ET | March 29, 2017

Daimler's annual meeting threatened to veer off course for a second year after a shareholder pontificated on his right to be naked.... Read More »

Mueller says VW 'is back on track'; CEO not ruling out talks with FCA

8:53 am U.S. ET | March 14, 2017

The world's largest automaker, Volkswagen, “is back on track” even as it works through its global diesel scandal, its CEO said. And he isn't ruling out talking about a merger with FCA.... Read More »

Magna Q4 report warns about 'protectionist sentiments' in North America

6:46 am U.S. ET | Feb. 24, 2017

Diversified Canadian auto supplier Magna International said increased protectionist measures in North America could pose a substantial risk to the supplier achieving “desired results” in the future.... Read More »

Visteon builds on electronics segment gains in Q4

3:12 pm U.S. ET | Feb. 23, 2017

Electronics supplier Visteon said it swung to a $31 million profit on its continuing operations in the fourth quarter of 2016, compared with a loss of $68 million last year.... Read More »

 
German automakers' opposition to CO2 goal may backfire

Christiaan Hetzner
4:03 am U.S. ET | Oct. 11 2018

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German-led efforts to water down calls for a 40 percent cut in new-car CO2 emissions by 2030 may hav ...
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Daimler should consider Porsche exec as next finance chief

Christiaan Hetzner
8:29 am U.S. ET | Oct. 9 2018

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Lutz Meschke, Porsche's finance chief has done a remarkable job at the automaker, ensuring double-di ...
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How women are tackling the industry's glass ceiling

Peter Sigal
7:28 am U.S. ET | Oct. 5 2018

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To say that the automotive industry is male-dominated is an understatement. ...
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Why China is by far the world's largest market for full-electric cars

Luca Ciferri
12:01 am U.S. ET | Oct. 5 2018

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China is the largest market for EVs in the world after finding the simple formula for success: Combi ...
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Why Russia's Rolls rival fails to impress

Nick Gibbs
12:01 am U.S. ET | Sept. 28 2018

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Russia's luxury Aurus brand aspires to rival Bentley and Rolls-Royce, not just in Russia but in Euro ...
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Riding in ZF's 'flying billboard'


9:11 am U.S. ET | Sept. 25 2018

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ZF Friedrichshafen began making gears for the Zeppelin airships back in 1900. ...
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Rising Star starts new adventure

Douglas A. Bolduc
5:50 am U.S. ET | Sept. 21 2018

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Former Mazda Europe executive and 2017 Rising Star Christian Ohm is starting a new adventure this month. ...
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Why Aston Martin's CEO expects automaker to be more profitable than Ferrari

Nick Gibbs
4:40 am U.S. ET | Sept. 10 2018

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As Aston Martin plans its London IPO, CEO Andy Palmer believes the company will be more profitable t ...
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Volvo has autonomous vehicle safety covered like a blanket

Douglas A. Bolduc
3:51 am U.S. ET | Sept. 7 2018

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Leave it to Volvo to already be working on a patent for a solution that will keep passengers safe even as they sleep in their self-driving cars. ...
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Tesla readies a surprise in Europe

Jay Ramey
12:01 am U.S. ET | Sept. 4 2018

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Tesla is expected to reveal a new vehicle at the Grand Basel auto show, according to an invitation s ...
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Russia sales rise 6% ahead of VAT increase
Russian new-car sales rose 6 percent in September as consumers moved to purchase vehicles ahead of a ...
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Spanish sales drop 17% on WLTP disruption
Sales had jumped 49 percent in August as carmakers rushed to clear out vehicle stocks ahead of the S ...
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W. European car sales fall 23% on WLTP
Western European car sales dropped 23 percent in September in the wake of a summer discounting actio ...
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Italy sales plunge 25% on WLTP change
After pushing deliveries up in July and August, when some carmakers had to register older vehicles t ...
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German sales fall 31% on WLTP
German registrations plunged 31 percent last month as sales dried up following the introduction of t ...
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UK sales drop 21% after WLTP introduction
UK new-car registrations dropped 21 percent in September following the introduction of a new testing ...
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French sales slip 13% in September on WLTP
New-car registrations in France fell 13 percent in September as the market continued to be affected ...
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Renault, VW Group, FCA sales surge 30% in August
Renault, VW Group and Fiat Chrysler led a 30 percent surge in European car sales last month, data fr ...
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W. European sales rise 27% ahead of WLTP changeover
Western European car sales surged 27 percent in August as automakers discounted heavily to clear sto ...
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UK sales increase 23% on WLTP
UK registrations jumped by 23 percent in August as automakers reduced vehicle stocks ahead of the ne ...
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New arrivals from Volvo, Jaguar, BMW propel premium compact SUV sector
Europe's premium compact SUV category is experiencing a breakthrough year in terms of sales as new m ...
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Europe's crossover craze drives market gains
SUVs and crossovers accounted for one-third of European sales through June for the first time. Their ...
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Peugeot, Toyota commit to midsize sector despite slump
Peugeot and Toyota are the latest automakers to commit to Europe's volume midsize segment despite cu ...
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European electric-car sales growth slowed in first half
Sales growth of electric cars slowed across the EU's major markets during the first half because of ...
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CNG car sales set to rise on tougher emissions rules
European demand for cars powered by compressed natural gas has shown signs of life after a half-deca ...
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Europe's small SUV sales projected to 'grow like crazy'
European sales of small SUVs are poised to surge beyond the segment's typically strong growth, as ne ...
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Premium automakers add drivetrains, body styles to stabilize midsize sales
Europe's premium automakers are diversifying drivetrain and body style choices in the core midsize s ...
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Europe's automakers invest in sedans despite SUV surge
Automakers in Europe are continuing to invest in sedans even though the body style has been losing c ...
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Hyundai, Seat add body styles to spice up key sector
Automakers such as Hyundai, Ford, Kia and Seat are experimenting with new compact-car body styles in ...
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Audi's Keogh to succeed Woebcken as CEO of VW Group in North America
Scott Keogh, who has steered Audi to 107 straight months of U.S. sales gains, will become CEO of par ...
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Delphi's Butterworth to lead Melrose's automotive division
Liam Butterworth, who stepped down as head of Delphi last week, has been named CEO of the automotive ...
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Daimler CFO to leave after missing out on top job
Daimler CFO Bodo Uebber will leave the company, marking the first top-level departure after the auto ...
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Chery hires former Mazda Europe, BMW stylist Rice as design chief
Chery has hired Kevin Rice, a former designer at Mazda Europe and BMW, to head styling at the state- ...
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Renault's former No. 2 Pelata picked to steer France into electric, autonomous era
Patrick Pelata, Renault's former chief operating officer, has been tasked by President Emmanuel Macr ...
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Audi CEO Stadler in line for $8 million payout
Audi CEO Rupert Stadler is in line for a 7 million-euro ($8.1 million) payout if he is cleared of in ...
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Fiat Chrysler's new Europe boss has big tasks ahead
Fiat Chrysler's new Europe chief, Pietro Gorlier, must tackle some big problems. ...
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BMW appoints new purchasing chief amid reports of board tension
BMW's promotion of company veteran Andreas Wendt to head of purchasing comes amid reports that board ...
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BMW appoints new purchasing chief amid reports of boardroom tension
BMW's promotion of company veteran Andreas Wendt to head of purchasing comes as reports say boardroo ...
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Daimler names first non-German CEO as Zetsche era ends
Ola Kaellenius will be Daimler's first non-German CEO, taking the post next year. Current chief exec ...
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Audi enters electric era with e-tron crossover
Audi hopes the 400-plus-km range of its new e-tron electric crossover and the vehicle's reproducible ...
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Ferrari Monza supercars will earn $755 million in revenue
Ferrari plans to sell 499 units of the Monza SP1 and SP2 supercars with a 1.6 million euro ($1. ...
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Ferrari's Icona retro line aimed at top of the market
Ferrari's limited-edition, retro-styled Monza supercars are part of the automaker's new Icona line. ...
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Peugeot touts Rifter's space and tech features
Peugeot has designed the new Rifter, the passenger variant of the automaker's small cargo van, to ap ...
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Ferrari seeks profit boost from retro-styled Monza
Ferrari's latest special-edition supercar will be called the Monza and will broaden the automaker's ...
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Seat counts on Tarraco to retain rich customers
Seat expects its new Tarraco flagship SUV to further boost the company's profitability by retaining ...
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Audi packs e-tron EV with interconnected features
The Audi e-tron will offer a 95-kilowatt-hour battery, full-time all-wheel drive and a host of inter ...
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Mercedes gives new GLE semi-autonomous tech
The Mercedes GLE gets semi-autonomous technologies and all-new engines including a plug-in hybrid. ...
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Renault's revived Alpine races to keep pace with demand
Since Renault launched the Alpine A110, the new brand has taken 5,000 reservations, resulting in a 1 ...
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BMW returns to roadster market with Z4
BMW is returning into the roadster market with the revival of the Z4 -- a car whose predecessor help ...
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