Mitsubishi alliance

FRANKFURT, Germany | Volkswagen sets new full-year sales record in race for No 1

FRANKFURT, Germany—Jan 11, 2019— German automaker Volkswagen has posted another annual sales record by selling 10.83 million cars in 2018 as new SUV models boosted deliveries. The Wolfsburg-based maker of Volkswagen, Audi, SEAT, Skoda and other brand name cars beat its 2017 record of 10.74 million cars. Sales rose in the U.S., China, Europe and … Continue reading FRANKFURT, Germany | Volkswagen sets new full-year sales record in race for No 1

TOKYO | Renault keeps Ghosn as CEO despite arrest in Japan

TOKYO— France’s Renault says it has decided to keep its CEO Carlos Ghosn on despite his arrest in Japan on allegations that he misused assets of partner Nissan Motor Co. and misreported his income. Renault’s board of directors announced late Tuesday that the No. 2 at the company, Thierry Bollore, would temporarily fill in for … Continue reading TOKYO | Renault keeps Ghosn as CEO despite arrest in Japan

BEIJING | Asian stocks slide after Wall Street losses, Nissan arrest

BEIJING — Asian stocks slid Tuesday after tech losses dragged down Wall Street and Nissan’s chairman was arrested on charges of financial misconduct. KEEPING SCORE: The Shanghai Composite Index fell 1 percent to 2,675.69 and Tokyo’s Nikkei 225 lost 0.9 percent to 21,633.54. Hong Kong’s Hang Seng retreated 1.3 percent to 26,023.02 and Seoul’s Kospi … Continue reading BEIJING | Asian stocks slide after Wall Street losses, Nissan arrest

TOKYO | The Latest: Renault board to meet after Ghosn arrest

TOKYO  — The Latest on Nissan Motor Co.’s chairman Carlos Ghosn and allegations he underreported income. (all times local): 12:05 a.m. French carmaker Renault says it will defend its interests within its alliance with Nissan after the arrest of Carlos Ghosn, who spearheaded their union and is Renault’s CEO. Renault said in a statement Monday … Continue reading TOKYO | The Latest: Renault board to meet after Ghosn arrest

YOKOHAMA, Japan | Nissan chair Ghosn arrested in probe of financial misconduct

YOKOHAMA, Japan— Nissan Motor’s chairman Carlos Ghosn has been arrested and will be dismissed for alleged under-reporting of his income and misuse of company funds, the company said Monday. The Japanese automaker’s CEO Hiroto Saikawa confirmed that Ghosn was arrested after being questioned by prosecutors following his arrival in Japan earlier in the day. It … Continue reading YOKOHAMA, Japan | Nissan chair Ghosn arrested in probe of financial misconduct

YOKOHAMA, Japan | Nissan chair Ghosn dismissed, held on misconduct charges

YOKOHAMA, Japan  — Nissan Motor Co.’s high-flying chairman Carlos Ghosn was arrested Monday and will be dismissed after he allegedly under-reported his income and engaged in other misconduct, the company said Monday. The Japanese automaker’s CEO Hiroto Saikawa confirmed that Ghosn was arrested after being questioned by prosecutors following his arrival Japan earlier in the … Continue reading YOKOHAMA, Japan | Nissan chair Ghosn dismissed, held on misconduct charges

Renault-Nissan-Mitsubishi claims top world car sales

PARIS /January 30, 2018(AP)(STL.News)— The alliance of carmakers Renault, Nissan and Mitsubishi says it’s the world’s top automaker after selling 10.6 million cars last year, thanks to growing demand for SUVs and electric vehicles. The Renault-Nissan-Mitsubishi alliance says collective sales rose 6.5 percent in 2017, the first year full year that Mitsubishi Motors was included … Continue reading Renault-Nissan-Mitsubishi claims top world car sales