Renault cedes power at Nissan for uncertain benefits

Arrival named insider Igor Torgov as its CEO. He joined the company from Russian retail tech firm ATOL in 2020.

The automakers will increase their cooperation on EVs and launch projects in Latin America, India and Europe as part of a deal that addresses friction in their alliance.

Cost inflation seen by the safety equipment supplier in 2022 was the worst in three decades, CEO Mikael Bratt said.

As the head of the Lexus premium brand and Gazoo Racing motorsports division, Sato's mission was to break the boring-old Toyota mold by developing fun-to-drive cars that are stylish and cool.

The Inflation Reduction Act promises big subsidies to green industries based in the U.S. and has been seen as protectionist by some countries.

Renault is said to plan to offer its workers an increase this year to help cope with the rising cost of living.

Announcing his decision to stand down as Toyota CEO, Akio Toyoda looked fully in control, turning from time to time to offer instruction and reminders to his successor Koji Sato.

Although Toyota leads when it comes to the sheer volume of cars it produces, it lags in the shift to electrification, a pivot spearheaded by Tesla.

Toyoda built up the "Toyota Times," hiring Japanese journalists and ramping up coverage of the company to counter what he sees as persistent misinformation and unfair criticism.

With the Activesphere's augmented reality features, Audi is venturing into an area that BMW also focused on with its i Vision Dee concept car.