By on May 12, 2016

Carlos Ghosn speaks -01. Picture courtesy Bertel Schmitt

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…)

By on May 6, 2016

marchionne

Fiat-Chrysler CEO Sergio Marchionne can see a beautiful future with partner Google, but there’s plenty of fish in the sea, you know.

Speaking in Windsor, Ontario, where Chrysler Pacifica minivan production recently kicked off, Marchionne called FCA’s Google fling the “first phase” of their relationship, but admits to wanting to keep his options open, Automotive News reports. (Read More…)

By on July 23, 2014

Mercedes Blue Efficiency

While Japanese and Korean automakers like Toyota and Hyundai are jumping into the hydrogen game, Daimler plans to begin its own journey in 2017.

(Read More…)

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