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Renault’s CEO pay check sparks controversy within company

Renault’s CEO pay check sparks controversy within company

Carlos Ghosn’s compensation for 2015 is a highly debated subject at Renault these days, as a majority of shareholders voted against the CEO’s pay package. During Renault’s annual general meeting of investors, 54 percent of investors spoken against a decision to pay to chief executive Carlos Ghosn a 7.2-million-euro (8.3-million-dollar) […]

10 million cars produced by Toyota in Europe

10 million cars produced by Toyota in Europe

The world’s largest automaker by sales hit a major production milestone for its European operations, with 10 million vehicles build so far in the region. Toyota established its first European production site in the late ‘60s, where the Japanese automaker started building cars since 1971 at a small complete knock-down […]

VW getting ready for its upcoming new midsize crossover

VW getting ready for its upcoming new midsize crossover

Later this year, Volkswagen will start to build a new seven-seater midsize crossover at its Chattanooga plant in the US, and it has just built the first test body. Volkswagen’s Chattanooga plant in Tennessee is preparing these days to put into full production a new midsize crossover that will expand […]

35 million-40 million extra airbags recalled by Takata

35 million-40 million extra airbags recalled by Takata

The US National Highway Traffic Safety Administration announced the expansion of an already massive safety recall triggered by the Japanese auto supplier. So far, 24 million vehicles have been recalled in the United States with 28.8 million inflators from 14 automakers, all of them fitted with Takata’s faulty inflators. However, […]

New-car transaction prices in the US slightly up last month

New-car transaction prices in the US slightly up last month

The estimated average transaction price for new light vehicles in the United States rose nearly 2 percent in April, according to a report from Kelley Blue Book. New-car prices in the US continued to rise year-over-year and, following a 2 percent increase in March, the estimated average transaction price also […]