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Automakers to reconsider their investments after Brexit

Automakers to reconsider their investments after Brexit

As Britain has decided to leave the European Union, some of the automakers with factories there said they will reassess their investment strategy. Following the Brexit vote on June 23, the automakers with operations in the UK have already started to readjust their strategy, as most of them have been […]

VW shareholders backed the company’s management actions from last year despite dieselgate

VW shareholders backed the company’s management actions from last year despite dieselgate

Despite the fact that Volkswagen is going through its biggest crisis ever, the investors endorsed its management’s actions for 2015. At the end of the first shareholder meeting since the emissions-cheating scandal erupted, Volkswagen’s top investors showed their support for the management team, regarding their decisions for 2015, despite the […]

Carlos Ghosn salary from Nissan topped $10 million last year

Carlos Ghosn salary from Nissan topped $10 million last year

Nissan announced it has paid its CEO Carlos Ghosn 1.1 billion yen (10.2 million dollars) for the last financial year. Following Nissan’s annual General Meeting of Shareholders held on Wednesday, Japan’s second largest automaker said it has agreed to compensate its chief executive officer Carlos Ghosn with 1.1 billion yen […]

Skoda may face a lawsuit in UK over diesel scandal

Skoda may face a lawsuit in UK over diesel scandal

Volkswagen’s unit is under investigation by the UK authorities over whether it manipulated the emissions reports in order to receive type approval for its cars in the country. Volkswagen’s diesel emissions saga has put a lot of pressure on the Group’s other brands as well, not only on the core-marque. […]

GM slows down production in South Africa

GM slows down production in South Africa

General Motors has been forced to cut production in South Africa, as the country’s economy has been struggling in recent years. South Africa’s current economic environment is making General Motors revise its local operations, as it expects sales to further decline this year. Therefore, the Detroit-based automaker has reduced the […]