The 57-year-old's annual compensation could jump as much as 32 percent when he becomes COO on March 1, the automaker disclosed in an SEC filing.
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Porsche said "it's too early to speculate on the cause until the investigation has concluded." The Taycan is the brand's first battery-electric production vehicle, with an 800-volt system instead of the usual 400 volts for electric cars.
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The head of JLR parent Tata Motors said the automaker does not have sufficient visibility regarding parts suppliers from China.
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Major League Soccer's Philadelphia Union will play at 18,500-seat Subaru Park starting this season. It marks the first stadium-naming-rights deal for the Japanese automaker globally.
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The electric vehicle maker is seeking to reduce its use of expensive cobalt as it considers lithium iron phosphate batteries from Contemporary Amperex Technology Co., Reuters reported.
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The SAIC-VW joint venture will restart production Feb. 24 as measures are put in place to help prevent the spread of coronavirus. The operation had been scheduled to resume work Feb. 17.
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Nissan CEO Makoto Uchida said the automaker needs even more restructuring than it has already announced and that may mean dropping certain products or regional businesses.
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Under Bieber, as automation and globalization began to upend the factory floor, the union often resorted to concessions to preserve jobs as the Detroit 3, notably GM, lost ground to Japanese and other automakers. He was 90.
Continue Reading the above article 'Owen Bieber, UAW leader during rocky '80s, early '...
The Chinese government's measures to tackle the spread of the virus have hit automakers, which need to ship exhibits and trade fair furniture to Beijing.
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For 2020, the auto supplier said it wants to exceed last year's operating margin of 7.2 percent even though market conditions will be challenging.
Continue Reading the above article 'Faurecia targets growth after 2019 profit rise...