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Visteon conflict with Tim Leuliette sparks claims of ‘vendetta’

DETROIT — While longtime automobile attention executive and former Visteon Corp. CEO Tim Leuliette walked divided with a $16.7 million separation after a association consummated him in 2015, it came during a cost to his reputation. A two-year authorised conflict — that Leuliette, now 68, sparked after perfectionist allotment to …

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Apple poaches comparison self-driving operative from Waymo

Apple Inc. hired a comparison self-driving automobile operative from Alphabet Inc.’s Waymo unit, Apple pronounced on Friday, a pointer that a iPhone builder maintains unconstrained car ambitions. Apple hired Jaime Waydo, formerly a systems operative during Waymo, Apple said, confirming a news by tech news website The Information. “We wish …

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BorgWarner to reiterate certain financial statements for asbestos charges

UPDATED: 6/15/18 8:46 am ET – adds detail Auto retailer BorgWarner Inc. said on Friday it would reiterate a financial statements for mercantile years 2015 and 2016 to re-evaluate accounting of a asbestos-related charges. BorgWarner, that creates turbochargers and all-wheel expostulate systems for vehicles, has been named in a series of …

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VW could face serve fines from German authorities

VW marketplace strategy examine could finish this year, German prosecutors say » VW fined $1.2B by German prosecutors over diesel cheating BRUNSWICK, Germany — Volkswagen AG could face additional fines in Munich and Stuttgart on tip of a 1 billion euros ($1.2 billion) it has been told to compensate for government …

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AutoNews Now: Fired Tesla workers still praising Musk

VIEW DIGITAL EDITION You contingency have an Automotive Newssubscription to perspective a digital edition Click here to subscribe

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Why Mahindra thinks Automobili Pininfarina has a ‘beautiful story’ to tell

   Print  Reprints  Respond Luca Ciferri Automotive News Europe June 14, 2018 06:01 CET Anand Mahindra is a male behind his namesake company’s devise to enhance over affordable mass-market cars especially for India into oppulance vehicles that will be sole worldwide by a new association with Italian heritage, Automobili Pininfarina. …

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Magna to partner with May Mobility on low-speed self-driving shuttle

Canadian automobile tools retailer Magna International Inc. will partner with Michigan startup May Mobility on self-driving shuttles, a companies pronounced on Wednesday. Magna will outfit low-speed electric shuttles versed with May Mobility self-driving software. The automotive and program retailer will retrofit a low-speed self-driving “micro transit” electric vehicles from a framework …

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Grammer annual assembly halted by Bosnia-backed financier group

   Print  Reprints  Respond FRANKFURT — Grammer CEO Hartmut Mueller urged a supplier’s shareholders to behind Ningbo Jifeng’s takeover offer, as a Bosnia-backed financier organisation against a pierce and forced a hindrance to a German company’s annual ubiquitous meeting. Last month Chinese retailer Ningbo Jifeng done an demonstrative offer of …

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Finance techology startups can find success by blending ability sets

How to precedence a best of tech innovation, automobile sell know-how For a fintech startup that wants to mangle into automobile retail, what should a tip leaders have on their resume: dealership experience, financial imagination or program programming? Probably a combination, dual such companies’ founders say. Having staffers with no …

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Next BorgWarner CEO Frederic Lissalde focuses on growth

Frederic Lissalde has spent a past 28 years doing business in automotive propulsion. Last week, he was named CEO during one of a world’s biggest thrust companies — BorgWarner Inc. — next James Verrier, who is retiring. “I know all business around a universe in a thrust area, so that’s …

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