Europe

YOKOHAMA, Japan — Nissan is likely to terminate its Datsun brand, drop some unprofitable products and close a number of assembly lines worldwide as it seeks to boost profits by getting smaller, two company sources with direct knowledge of the matter said. Known internally as the “performance recovery plan,” the proposed steps mark a sharp
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Volkswagen Group’s Spanish brand, Seat, was forced to halt production amid demonstrations in Barcelona following the jailing of Catalan separatist leaders, Spanish media said. Seat stopped production lines from midday on Thursday until Friday night amid demonstrations in favor of the Catalonia’s independence from Spain, various Spanish media reported. According to the Spanish newspaper La
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FRANKFURT – Tesla Inc.’s attempts to humble Porsche with a new lap record on Germany’s legendary Nordschleife racetrack have reignited a controversy about the value of lap times, as the circuit steps in to quash claims of cheating. Porsche and Tesla are battling to establish supremacy in lap times for four-door electric sports cars, but comparisons
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Skoda has sought to reassure its employees after reports suggested that its owner, Volkswagen Group, is considering repositioning the brand downward to compete with low-cost marques such as Renault’s Dacia. In an internal letter to employees seen by Automotive News Europe, Skoda CEO Bernhard Maier wrote that brand values of space, functionality, value for money
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PARIS — PSA Group will roll out battery-electric versions of its small commercial vans next year, with two range levels available. The electric vans — the Peugeot Expert, Opel/Vauxhall Vivaro and Citroen Jumpy — will be assembled at PSA’s plant in Hordain, northern France, the automaker said. The drivetrains will be built at the Tremery
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Jia Yueting, an entrepreneur who ran up billions of dollars in personal debts trying to build a business empire in China, has filed for bankruptcy in the U.S. with plans to turn over his latest venture, an electric vehicle startup, to creditors. In a proposed debt-restructuring plan filed in federal court in Wilmington, Del., Jia
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YOKOHAMA, Japan — Makoto Uchida, the newly appointed CEO charged with forging “a new Nissan,” brings with him a reputation for doing what makes sense and what makes money. His willingness to say “no” — his fans call it just being realistic — may be what it takes to lead Nissan out of its current
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Italdesign has appointed veteran Audi executive Carsten Monnerjan as head of design. Monnerjan succeeds Filippo Perini who joined Hyundai’s Genesis brand’s European advanced design studio in September as chief designer. Monnerjan joined Italdesign from Audi in 2012. He started his career in 1993 at the Audi’s concept design studio in Munich, Germany. In 1995 Monnerjan
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FRANKFURT — Thyssenkrupp will make sweeping job cuts and give an update on the new company structure in November, the company’s new CEO Martina Merz told employees on Wednesday. The German supplier announced in May it was open to new ownership structures for its car parts, plant engineering, marine systems and elevators units, but investors
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BRUSSELS — Denmark, backed by 10 other European Union countries, called for a strategy to phase out diesel and gasoline cars, including allowing the ban of sales at member state-level by 2030 to combat climate change. Denmark made the proposal during a meeting of EU environment ministers in Luxembourg on Friday. The European Commission’s new
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Volkswagen Group is in talks with other manufacturers on sharing the key technology underpinning its future Porsche and Audi electric cars as it seeks to build scale and spread development costs. “There’s definitely interest,” Ulrich Widmann, head of development at Audi for the joint engineering project, said at a press briefing in Munich. “We’re having
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ZF Friedrichshafen has appointed Martin Fischer to its board of management. Fischer is expected to take over responsibility for advanced driver assist systems, electronics, active and passive safety, the North and South America regions, and corporate quality starting Nov. 1. He will be based in Livonia, Michigan. Fischer, 49, will replace Franz Kleiner, who will
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TOKYO — Secret contracts, backdated letters, creative accounting, financial red herrings — those are just some of the allegations outlined in the fraud complaint that Carlos Ghosn settled for $1 million with the U.S. Securities and Exchange Commission last week. The American complaint offers the most detailed narrative yet of how the former Nissan chairman
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GAYDON, England — Jaguar has opened a new design studio as part of wider overhaul of Jaguar Land Rover’s UK engineering center. The studio gives the brand’s design team access to more technology in a far bigger and more collaborative space than the brand’s previous location. The building will allow us “to design the very
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Bain Capital and Advent International are preparing a fresh offer for German lighting maker Osram, ratcheting up a bidding war with Austrian sensor maker AMS. The two buyout companies will spend the coming weeks conducting due diligence, before deciding on a binding proposal, Osram said in a statement on Wednesday, confirming an earlier report by
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LONDON — Aston Martin said its DBX SUV will be powered by a twin-turbocharged V-8 engine making 542 hp, which will give it “sports car levels of performance.” The 4.0-liter engine is the same Mercedes AMG-supplied unit that Aston Martin uses in its Vantage and DB11 sports cars, but tuned to give more power. Aston
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