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Yesterday’s vague Japanese media reports proved right this morning, as Nissan Motor Co. announced it will purchase a 34 percent controlling stake in scandal-plagued Mitsubishi Motors.
Taking advantage of Mitsubishi’s reduced market value following the company’s admission of cheating on Japanese fuel economy tests, Nissan’s 237 billion yen ($2.2 billion) bulk buy of shares makes it the automaker’s largest shareholder.
It’s a big win for Nissan, which can take credit for exposing the gas mileage scandal less than a month ago. Read More >
Call it a friendly occupation.
The Czech Škoda brand chose a tough-sounding name for its upcoming Kodiaq SUV, but the Alaskan town (and bear, and island) that inspired its name was left with one “k” too many.
Something had to change. So, the townsfolk went to work bringing the two names into line for one day only, as Škoda’s cameras rolled. Read More >
Henry Ford’s way of building cars was so 20th Century, so Honda tried something new.
Workers at the automaker’s new Thailand plant now stay in motion all day, moving with the vehicle as it travels down the assembly line, Automotive News reports. Read More >
Don’t expect ride sharing.
It seems, some days, that everyone and their sister is working on autonomous vehicles, but a NATO security expert just confirmed that even ISIS is getting in on the technology, Britain’s Express newspaper reports.
Not interested in giving drivers a chance to stretch out while returning emails, Islamic State militants are instead planning a much more sinister (and very predictable) use for their self-driving cars. Read More >
The Jeep brand is Fiat-Chrysler’s biggest money maker, so it’s no wonder that CEO Sergio Marchionne is scattering factories around the world like a sailor’s offspring.
The company’s head honcho outlined his business plan for the brand in an interview published by Automotive News, and it involves no longer having to make a “Sophie’s Choice” decision with Jeep output. Read More >
We’ve all dealt with a car salesman who wanted us to sign our life away on an overpriced import, but there’s a good chance that’s literally happening in Iraq right now.
Reuters reports that Islamic State fighters have taken to running car dealerships as a way of making money, now that allied airstrikes have cut off much of their oil-generated income. Read More >
After admitting it fudged fuel economy data for the past 25 years in Japan, Mitsubishi Motors wants the Environmental Protection Agency to know that its U.S. vehicles are A-OK.
The automaker claims it conducted an internal audit on vehicles from model year 2013 to present and contrasted that data with figures it had previously submitted to the EPA. The conclusion? The information’s fine. Read More >
No matter who you are or what status you hold in society, at some point in the past 34 years you did something in a Chevrolet Cavalier, and it was probably a lackluster experience (barring anything in the backseat, though even then…).
For reasons unknown, the nameplate that once summed up everything that was wrong with domestic compacts will return to the automotive landscape on a China-only Chevrolet model, GMInsideNews reports. Read More >
Fiat Chrysler Automobiles CEO Sergio Marchionne has a good morning today, after FCA announced boosted profit and earnings spurred by healthy sales in the U.S. and Europe.
First quarter net profits were up from just above the break-even point a year ago to 451 million euros ($539.4 million), according to The Detroit News, with pre-tax earnings up 88 percent to 1.3 billion euros ($1.6 billion). Read More >
The refreshed Lexus IS bowed today at the Beijing Motor Show, presenting an even hungrier face than before.
Lexus kept the well-defined proportions of the entry-level sedan intact, but went to town on the front end. The corporate spindle grille now sports a higher cinch point and spacetime-bending three-dimensional mesh. Read More >