Nissan spells out allegations on Ghosn to Renault

Hyundai's market share in Europe climbed above 4 percent in September for the first time despite rivals offering big discounts before the new WLTP testing regime came into effect. Hyundai expects to reach its sales target this year but will not push for volume if the region's incentives war continues, Hyundai Europe Chief Operating Officer Thomas Schmid said.

BMW has recruited former Audi executive Alejandro Vukotich as the new head of its driver assistance and autonomous driving development department.

Carlos Ghosn and Nissan were indicted in Japan on Monday for understating Ghosn's income by $43 million, as Japanese prosecutors pushed ahead with the criminal investigation that has shaken the global auto industry.

Fiat Chrysler CEO Mike Manley clearly learned many lessons from his predecessor, even some the late Sergio Marchionne never intended to teach him.

Continental is considering acquiring software makers after the flotation of its powertrain unit as it seeks to boost its expertise in the field, its Chief Financial Officer, Wolfgang Schaefer, said in a newspaper report.

Nissan promised to improve corporate compliance after Tokyo prosecutors indicted former Chairman Carlos Ghosn, close aide Greg Kelly and the automaker itself for allegedly understating Ghosn’s compensation.

Carlos Ghosn was planning to remove Nissan CEO Hiroto Saikawa before Ghosn was arrested in Japan last month for alleged financial misconduct, people familiar with the matter said.

A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan chairman and the automaker.

Metal components supplier Tower International said it agreed to sell off its European division to French supplier Financiere SNOP Dunois in a deal valued at about $291 million. 

Bosch discussed the merits of a potential stock market floatation with investment bankers as part of a broader funding review, but has chosen to remain unlisted, people close to the matter said.