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Carlos Ghosn was retention risk,' Nissan's Kelly says at trial

The former director testifiedhe and other executives were concerned that Ghosns compensation was too far below globalnorms. ...

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Biden to tour Ford's new electric F-150 plant in Michigan

Ford has said it is investing $700 million in the new manufacturing facility for the assembly of an electric version of its best-selling F-150 trucks. ...

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Stellantis extends shutdown at Ontario minivan plant due to chip shortage

The factory that builds the Chrysler Pacifica, Grand Caravan and Voyager will not operate during the week of May 17. ...

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Tesla sales falter as more vehicles shipped to Europe

The automaker sold 25,845 locally made vehicles in April, down from 35,478 units in March, Bloomberg reported. ...

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Tesla puts brake on Shanghai land buy amid U.S.-China tensions, report says

The automakerintends to limit the proportion of China output in its global production owing to the high tariffs for importing China-made EVsinto the U.S. ...

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Nissan posts record annual loss due to pandemic, chip shortage

The automaker said its annual operating loss widened to a record 151 billion yen ($1.38 billion) from a 40 billion yen shortfall in the previous fiscal year ending in March. ...

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Mercedes offers sneak peek at electric van

The EQT will compete with VWs upcoming ID Buzz minivan and is part of a wider push by Mercedes to take on Tesla with production of eight full EVs next year. ...

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