Tag Archives: Industry

Opel CEO Neumann steps down, is tipped to take lead role at Audi

Opel CEO Karl-Thomas Neumann confirmed on Monday he is stepping down. He will remain a member of the board until after General Motors' sale of Opel to French auto giant PSA Group is completed. The sale was announced in March and is expected to close in the coming months. Neumann's replacement...

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Report: VW may recruit Opel CEO Neumann to lead Audi

Reports out of Germany suggest Opel CEO Karl-Thomas Neumann is planning to step down following General Motors' sale of Opel to French auto giant PSA Group. The sale was announced in March and is expected to close in the coming months. Neumann's potential departure from Opel was reported...

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NEVS presents 9-3, 9-3X electric cars at 2017 CES Asia

NEVS on Wednesday at the 2017 CES Asia taking place in Shanghai, China previewed a pair of electric cars destined for production and outlined a new mobility program to be run in the Chinese port city of Tianjin. NEVS is the company that bought the assets of Saab following the Swedish firm's...

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Jost Capito quits McLaren F1 team to run Volkswagen R division

The driving force behind Ford's first Focus RS and F-150 Raptor has now been tasked with churning out high-performance Volkswagens, including the next Golf R. We're talking about motorsport veteran Jost Capito who has quit his job as CEO of the McLaren Formula One team to return to the...

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Toyota offloaded Tesla shares in 2016

Toyota on Saturday revealed that it sold its remaining shares in Tesla at the end of 2016. The Japanese automaker previously sold some of the shares in 2014. Toyota's investment in Tesla followed that of Mercedes-Benz parent company Daimler in 2009. Daimler bought 10 percent of Tesla for an...

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Could BMW follow Volvo, GM in exporting Chinese-made cars?

BMW builds a number of models in China through a joint venture with local automaker Brilliance. The cars are only sold in China at present but that could change as BMW has been granted an export license by the Chinese government. The information was confirmed to Automotive News (subscription...

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Lexus gives inside look at LC production

On a dedicated line at the Toyota Motomachi Plant in Aichi, Japan, Lexus' most skilled craftspeople, known as Takumi, Japanese for "artisan," work on LC production. Many of the same staff worked on Lexus' LFA at the Motomachi plant and now they're using the skills...

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