Carlos Ghosn, CEO of Nissan Motor and Renault, will give up some control at the automaker’s American operations. Ghosn will no longer have direct oversight of Nissan’s operations in North and South America, and will turn his focus to Nissan’s and Renault’s global operations. Effective April 1, Hiroto Saikawa will replace Ghosn as Nissan’s chairman […]

When Honda’s new assembly plant in Greensburg, Indiana, begins production in 2009, the first product rolling off the line will be the Civic, according to a company source. Initially, the plant is expected to only build Civic models, but other models will be added later. The Civic is currently built in North America at Honda’s […]

Hyundai has announced that it will build a new engine plant at its Montgomery, Alabama assembly plant. The new plant will begin engine production in September 2008 and will cost around $270 million. The new engine plant will add 520 jobs to the Montgomery assembly plant. The engines from the plant will be used in […]

Audi has announced that it will take over management responsibility for Volkswagen’s Brussels, Belgium assembly plant. Late last year, VW announced that it will move production of its Golf to plants in Germany, and there was speculation that the automaker would completely close the assembly plant. are now growing that the factory may be closed […]

Not long after the announcement that Ford had sold Aston Martin to a consortium led by David Richards, founder and chairman of Prodrive, Aston Martin announced that its current chief executive, Dr. Ulrich Bez, will remain has the brand’s Chief Executive. Prodrive’s David Richards will be join Aston Martin’s board as a non-executive chairman.
Aston Martin […]

Volkswagen has announced that the current head of Bentley, Franz-Josef Paefgen, will also add the Bugatti brand to his duties. Paefgen, a former head of Audi, will replace Thomas Bscher, who resigned from Bugatti after an apparent fallout with VW boss Martin Winterkorn. Bscher’s departure was the latest in a string of high-ranking executives to […]

Thomas Bscher, head of Bugatti, has announced that he will resign from his position. Bscher had been vocal about his desire for a second Bugatti model and future expansion of the brand. When asked about Bscher’s plans for a second Bugatti model or whole product family, Volkswagen Group CEO, Dr. Martin Winterkorn, replied, “That is […]

The Ford Motor Company said on Wednesday that its accelerated Way Forward turnaround plan, announced in September, would cost an estimated $11.18 billion. This is a $1.2 billion increase from it previous estimate in January. Most of that amount will be spent on programs to lay off employees.
Ford says it has already accrued $9.98 billion […]

The Chrysler Group and the UAW have agreed to two special buyout programs that will provide early retirement and separation incentives to union represented employees as the automaker tries to reduce its hourly work force by 11,000 people. Earlier this month Chrysler announced that it is cutting 11,000 hourly jobs and 2,000 salaried jobs to […]

Toyota today announced it would invest $1.3 billion to build its eighth North American assembly plant — and fifth in the U.S. — in northeastern Mississippi. The new plant will be built in Blue Springs, Miss., just outside of Tupelo.
Toyota’s new assembly plant is scheduled to begin production in 2010, and will build the Toyota […]