Japanese authorities have 45 days to file a formal extradition request under U.S. law for Michael Taylor, who was taken into custody on Wednesday.
Finance Minister Bruno Le Maire said Renault needed help to deal with the coronavirus crisis as it prepares a cost-cutting plan. The automaker is awaiting final approval for a state-backed 5 billion-euro loan.
Nissan may cut 20,000 jobs from its global workforce, focusing on Europe and developing countries, Japanese media reported, as the automaker struggles to recover from plunging car sales.
Kia Europe COO Emilio Herrera talked about how the industry can recover from the coronavirus crisis and the automaker’s upcoming models in an interview with Automotive News Europe.
Daimler and Renault are among companies that have sought credit to help them get through a pandemic that has pummeled sales and forced manufacturers to shutter showrooms and factories.
The issue will improve Ferrari’s liquidity to approximately 2 billion euros. The supercar maker has fared better than others during the coronavirus crisis.
Lines at the plants were temporarily idled Tuesday and Wednesday, underscoring how production is resuming in fits and starts across the industry, even with new operating protocols.
The full-electric crossover will be the first BMW model built exclusively at the automaker’s Chinese joint-venture plant in Shenyang and exported globally.
The limited-edition variant of the Nissan GT-R will start at 990,000 euros, with deliveries beginning at the end of this year. It was designed by Nissan and engineered by Italdesign, which will build just 50 examples.
Tel Aviv is creating a test bed for transportation technologies that could be a model for cities around the world, said the industry veteran, who held high positions at VW, Opel and Continental.
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