Author: Automotive News Breaking News Feed

The Renault-Nissan alliance is threatened with disarray over a rift between the partners about how to fill a leadership vacuum as Carlos Ghosn remains in custody in Japan.

Renault said it is beginning its own internal audit to examine Chairman Carlos Ghosn’s compensation in the wake of the scandal leading to his ouster at Nissan and Mitsubishi last week.

Carlos Ghosn, the former chairman of Nissan, shifted personal investment losses incurred during the 2008 financial crisis to the automaker to avoid millions of dollars in losses himself, a newspaper reported.

General Motors on Monday pulled the plug on the Chevrolet Volt hybrid and possibly the Detroit-Hamtramck Assembly plant that builds it, both examples of a costly gamble that is not paying off.

General Motors’ plan to cancel production at U.S. factories and cut thousands of jobs drew a swift rebuke in the industrial heartland where President Donald Trump won key victories in 2016.

President Donald Trump said General Motors should move “something else” into its Lordstown, Ohio, plant to replace the Cruze, which is being discontinued next year.

GM’s plan to close three North American assembly plants and two transmission plants next year could directly affect nearly 6,000 workers, according to data on GM’s media website.

Advertising agency giant WPP has won Volkswagen’s creative account in North America, following a seven-month global agency review.

Canadian Prime Minister Justin Trudeau expressed his “deep disappointment” in GM’s decision to close its Oshawa plant, a move which led workers to walk off the job on Monday.

Fiat Chrysler is expected to commit to producing new models in Italy, including Jeeps and an Alfa Romeo SUV, union sources said.