Author: Automotive News Breaking News Feed

With a generation of big-name carmaker CEOs nearing retirement age, the issue of succession has been front and center of industry minds in recent months. Nobody expected it to be settled like this.

Carlos Ghosn’s shocking arrest in Japan over financial improprieties threatens to remove the leader of Renault-Nissan-Mitsubishi in the midst of unprecedented changes in the auto industry.

Carlos Ghosn was set to end his career in a few years as a towering industry figure. But it seems that will no longer happen after his arrest in Japan on charges of financial misconduct.

France will work to preserve the stability of Renault and its alliance with Nissan, President Emmanuel Macron said after the Japanese automaker took steps to oust Chairman Carlos Ghosn over alleged financial irregularities.

Nissan is preparing to fire its chairman for allegedly under-reporting his income and using corporate assets for personal use, a company spokesman said. CEO Hiroto Saikawa said the board will meet Thursday to discuss Ghosn’s dismissal.

Nissan Chairman Carlos Ghosn will be arrested in Tokyo on a suspected breach of financial trading law, a newspaper reported.

The need for traditional dealers to get innovative in the pre-owned space was apparent at the 2018 Used Car Week annual event in Scottsdale, Ariz.

Chinese automaker Zotye has begun signing up U.S. retailers and plans to “really shake things up” when it comes to factory-dealer norms.

Provisional agreement on a new North American trade pact was supposed to reduce economic uncertainty for the industry after months of acrimonious negotiations. But less than two weeks before the official signing of the U.S.

Online auctions and the digital tools that accompany them are key to vehicle wholesalers’ futures.