On Friday, sources with knowledge of the matter said that Mitsubishi Motors Corp. is planning to end car production in U.S. The company has only one vehicle production unit in the country which it is likely to sell to another car manufacturer.
Akio Toyoda's move in March of promoting three non-Japanese executives at top levels at headquarters of Toyota doesn't seem to be working well. The effort was intended in making the largest automaker of the world, more representative of the worldwide markets which it serves.
New surveys show that people buying new as well as old ones are opting for loans that stretch for a longer duration.
The U.S. government is deciding whether General Motors or some of the company's employees will be facing criminal charges for faulty ignition switches in some of the models delivered by the car maker said a source that is familiar with the investigation.
The strong sales figures in the United States and taking an advantage from the cheap yen, Toyota reported a record profit of $18.1 the fiscal year till March. As compared to last year, the profit increased by nineteen percent.
This time too Toyota Motor Corp. remained the top most auto selling company and surpassed Volkswagen AG for a third successive year due to its strong number of deliveries of SUV's in the U. S.
Today, FCA Chairman John Elkann said that Fiat Chrysler Automobiles has no intentions of replacing Amedeo Felisa as the CEO of Ferrari at this juncture when it is planning for a spin off.
When asked whether Felisa would be replaced by a new face in the coming months, he said, "There will be no CEO change." Since 2008, Amedeo has held the post of CEO of Ferrari.
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