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    Nissan takes control of Mitsubishi with Ghosn as chairman

    Nissan takes control of Mitsubishi with Ghosn as chairman

    21.October 2016

    Carlos Ghosn officially folded troubled Mitsubishi Motors into the Renault-Nissan alliance and appointed himself chairman, forecasting nearly half a billion dollars in savings as soon as next year as the group joins a small club of automakers operating at a massive scale.

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    Volkswagen shuffles Jahn from Europe to China

    Volkswagen shuffles Jahn from Europe to China

    18.August 2016

    The head of VW Group sales for corporate fleets Martin Jahn moved within the Volkswagen Group to the post of Executive Vice President of Sales and Marketing of Volkswagen in Northern China.

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    Toyota operating profit falls 15%

    Toyota operating profit falls 15%

    4.August 2016

    Toyota Motor Corp. said operating profit in the latest quarter fell 15 percent to 642 billion yen ($6.33 billion) as a strong yen weighed on earnings. Net income in the three months through June dropped to 552.47 billion yen, the automaker said today. Revenue fell to 6.59 trillion yen.

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    PSA wins Iran production deal for Citroen brand

    PSA wins Iran production deal for Citroen brand

    29.July 2016

    PSA Group has unveiled an Iranian deal to develop and produce three Citroen models through a new joint venture.

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    Mitsubishi president resigns amid fuel economy scandal

    Mitsubishi president resigns amid fuel economy scandal

    18.May 2016

    The president of Mitsubishi Motors, Tetsuro Aikawa, will step down less than two years in the job amid a widening fuel economy scandal that torpedoed the automaker’s sales and led to it selling a controlling stake to rival Nissan Motor Co.

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    Toyota’s net income falls 4% on lower sales

    Toyota’s net income falls 4% on lower sales

    13.May 2016

    Falling vehicle sales, rising costs and foreign exchange rate losses pushed profits lower at Toyota Motor Corp. in the latest quarter, even though the slowdown wasn’t enough to derail the carmaker from achieving a third year of record earnings.

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    Nissan to take key stake in Mitsubishi

    Nissan to take key stake in Mitsubishi

    12.May 2016

    First, Nissan Motor Co. publicly called out Mitsubishi Motors Corp. for cheating on emissions tests, plunging its close partner into crisis and uncertainty about its very viability. Now Nissan may be riding to Mitsubishi’s rescue.

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    Hyundai hires former Lamborghini exec Fitzgerald

    Hyundai hires former Lamborghini exec Fitzgerald

    31.December 2015

    Hyundai Motor Co. has hired former Lamborghini executive Manfred Fitzgerald in the latest effort by the South Korean automaker to shed its image as a value-for-money brand.

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