Renault announced that it is liquidating its business in Russia including its shares in Lada. “The Board of Directors of Renault Group unanimously approved the signing of agreements to sell 100% of Renault Group’s shares in Renault Russia to Moscow …
French authorities have issued an international arrest warrant for former Nissan boss Carlos Ghosn and four others over “misuse of corporate assets and money laundering.” Ghosn was first arrested on charges of financial misconduct in 2018, for allegedly under-reporting his …
Uber, the ride-hailing service, ceased their operations in Tanzania after six years. Uber’s announcement came in the form of a statement addressed to customers across the country, revealing that it will not resume its operations in Tanzania until an agreement …
Excell Auto Group, a luxury car dealership in Boca Raton, Florida, faces lawsuits for allegedly engaging in a multi-million dollar fraud. The latest lawsuit filed by Prestige Luxury Cars in Palm Beach County Circuit Court claimed that Excell did not …
San Francisco police officers stopped a self-driving Cruise vehicle without a driver and passengers due to a headlight issue. A video of the incident on Instagram from Brandon Melim showed the officer peering in the driver’s side window for a …
French car maker Renault resumed its productions in Moscow on Monday as other international firms shut off their operations in Russia. Over 400 companies had reduced or halted operations in Russia as a response to the call of European and …
Tesla opened a $5.5 billion worth Gigafactory in the city of Grunheide, Germany. The Gigafactory, located near Berlin, produced its first 30 Model Y Performance vehicles, which have been delivered to its buyers. The Tesla establishment is set to provide …
Toyota Motor Corp. said on Friday that it would suspend operations on 18 lines at 11 domestic factories in Japan next week due to a parts shortage from suppliers hit by the magnitude 7.3 earthquake. The latest suspensions would reduce …
The U.S. trade deficit hit a new record in January as imports of vehicles and energy supplies surged while export growth slowed down. The gap in foreign trade widened to a record-large $89.7 billion deficit in January, the Commerce Department …
United States automobile manufacturer Ford has suspended its joint-venture operations in Russia “until further notice,” citing the Russian invasion of Ukraine. Ford announced in a statement on March 1 that it has informed its partners that it was suspending its …
