Category Archives: Uncategorized

Novelis expands in China amid trade friction

BEIJING — Novelis Inc. said it would invest about $ 180 million to double its automotive aluminum body sheet capacity in China, as it seeks to tap demand from the country’s growing electric vehicle market. The Atlanta-based company, which is owned by India’s Aditya Birla Group, said the investment would add around 100,000 tonnes of

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Trump signs congressional resolution overturning auto lending rule

UPDATED: 5/21/18 8:38 pm ET — adds NADA comment WASHINGTON — President Donald Trump signed into law a congressional resolution overhauling a rule issued by the Consumer Financial Protection Bureau that aimed to bar discrimination in auto lending, the White House said on Monday. The joint resolution, which was passed by the Senate and the House of

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How a year with IndyCar shaped Ford's Hau Thai-Tang

Hau Thai-Tang spent 1993 embedded with the Newman/Haas racing team. He learned to work on nearly every aspect of a car while helping drivers including Nigel Mansell to victory. Hau Thai-Tang will celebrate his 30th anniversary at Ford Motor Co. next month — but one year in particular stands out as his favorite. It was

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Tesla board opposition builds as proxy firm slams governance

SAN FRANCISCO — Tesla Inc.’s board is coming under more criticism, with the world’s second-biggest proxy adviser siding with investors that oppose the re-election of three directors and want the company to appoint an independent chairman. Shareholders should vote against Antonio Gracias, Tesla’s lead independent director; Kimbal Musk, the brother of CEO Elon Musk; and

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Toyoda warns Toyota faces 'life-or-death' battle

Toyota President Akio Toyoda has assembled a team called the “Seven Samurai” to lead the company’s latest belt-tightening effort. From left, Shigeki Tomoyama, Mitsuru Kawai, Didier Leroy, Toyoda, Koji Kobayashi, Shigeki Terashi, Moritaka Yoshida. TOKYO — No more useless conferences. Ditch the binders of paper. Scrutinize every vehicle specification. And most importantly, keep an “eye

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Ford CEO: We're 'reinventing' the car, not trying to kill it

Bill Ford: “I share your frustration. The whole management team does.” Photo credit: Bloomberg UPDATED: 5/10/18 3:35 pm ET – adds details Ford Motor Co.’s top executives on Thursday vigorously defended the automaker’s plan to discontinue all of its North American sedans as a way to better meet customer needs by “reinventing the American car”

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