Edition:
United States

Autos

 
Photo

Ghosn cedes Nissan CEO role to focus on alliance with Renault, Mitsubishi

TOKYO Nissan Motor Co said Carlos Ghosn will step aside as CEO after leading the company for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA and newly added Mitsubishi Motors Corp .

Latest Auto News

Photo

PSA boss says Opel deal would find 'speedy' savings

PARIS PSA Group's proposed acquisition of Opel would swiftly create savings and value from the General Motors European division's turnaround and complementary brands, the French carmaker's Chief Executive Carlos Tavares said on Thursday.

6:49am EST

UPDATE 4-Ghosn cedes Nissan CEO role to focus on alliance with Renault, Mitsubishi

* Ghosn to remain Nissan chairman, devote more time to alliance

6:47am EST

Imported Chinese truck, bus tires found to not hurt U.S. industry

WASHINGTON The U.S. International Trade Commission said on Wednesday that subsidized bus and truck tires imported from China had not damaged the U.S. industry, and as a result it would not issue anti-dumping and countervailing duty orders on the products.

6:14am EST

BRIEF-Ferrari signs multi-year licensing deal with Luxottica

* under the agreement, Luxottica will develop, produce and market a range of eyewear branded Ferrari and Ray-Ban

6:08am EST

UPDATE 3-Imported Chinese truck, bus tires found to not hurt U.S. industry

WASHINGTON, Feb 22 The U.S. International Trade Commission said on Wednesday that subsidized bus and truck tires imported from China had not damaged the U.S. industry, and as a result it would not issue anti-dumping and countervailing duty orders on the products.

6:05am EST

REFILE-PSA boss says Opel deal would find "speedy" savings

PARIS, Feb 23 PSA Group's proposed acquisition of Opel would swiftly create savings and value from the General Motors European division's turnaround and complementary brands, the French carmaker's Chief Executive Carlos Tavares said on Thursday.

5:11am EST

BRIEF-Duerr CEO says a takeover of Opel by PSA could offer potential

* Says dividend will rise around as much as net profit, up 12 percent, to make proposal in March

5:03am EST
Photo

Peugeot lifts profitability goal on record year

PARIS PSA Group , the French carmaker in talks to buy Opel from General Motors , announced its first dividend in six years and raised its medium-term profitability goal on Thursday after full-year profit almost doubled.

4:30am EST

Nissan's Ghosn says management will be 'completely accountable' after his CEO term ends

TOKYO, Feb 23 Nissan Motor Co's Carlos Ghosn said the automaker's management team would be "completely accountable" for the company's operations after he steps down as chief executive, even as he stays on as chairman.

3:56am EST

BRIEF-Egyptian Exchange updates on Gb Auto shares' block trading

* Block trading on Gb Auto shares worth EGP 76.9 million implemented on Feb 23 Source: (http://bit.ly/2mf8Z0C) Further company coverage: )

3:35am EST

Soccer-Singapore league lands Hyundai Motors as co-title sponsor

Feb 23 Singapore's top soccer league pulled off a major coup by getting South Korea's Hyundai Motor Co on board as the new co-title sponsor, replacing food and beverage company Yeo Hiap Seng.

3:23am EST

BRIEF-Bavaria Industries Group completes sale of TriStone Group

* Part of consideration amounting to 170 million euros ($179.37 million) was paid into an escrow account - rest is immediately available for further acquisitions Source text for Eikon: Further company coverage: ($1 = 0.9478 euros) (Gdynia Newsroom)

2:59am EST

PRESS DIGEST - Wall Street Journal - Feb 23

Feb 23 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

2:18am EST

PRESS DIGEST- New York Times business news - Feb 23

Feb 23 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

2:08am EST
Photo

Ceding Nissan CEO role is a good start for Ghosn

HONG KONG (Reuters Breakingviews) - Stepping back from the day-to-day at Nissan Motor is a good start for Carlos Ghosn. The workaholic had been combining four chairmanships and three chief executive roles – far too much for even the most indefatigable boss. Now Ghosn will cede Nissan's CEO role to company veteran Hiroto Saikawa, who has been warming up as co-CEO since October. That is laudable. Losing a few more titles would be even better.

1:49am EST

BRIEF-Tata Motors says to consider offering NCDs worth 5 bln rupees

* Says to consider offering sixth series of its rated, listed, unsecured, redeemable, NCDs aggregating to INR 5 billion Source text - (http://bit.ly/2kOM5QC) Further company coverage:

1:49am EST

UPDATE 1-Peugeot lifts profitability goal on record year

PARIS, Feb 23 PSA Group, the French carmaker in talks to buy Opel from General Motors, announced its first dividend in six years and raised its medium-term profitability goal on Thursday after full-year profit almost doubled.

1:40am EST

More From Around the Web