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Nissan to revive Datsun name in emerging markets, eyes increased sales
Tue, 20 Mar 2012Nissan is reviving the Datsun name to increase sales in India, Russia and Indonesia, the company said during a visit to Jakarta. Nissan will invest $400 million in Indonesia over the next two years, doubling hiring and tripling the number of dealerships in the region to 90,000. The Datsun name will begin appearing on cars in 2014.
Ecclestone faces £4 million bill
Fri, 28 Mar 2014MOTORSPORT boss Bernie Ecclestone must pay lawyers' bills adding up to about £4 million despite winning a High Court fight with a German media company, a judge has ruled. In February, Mr Justice Newey had dismissed a claim for around £80 million in damages by Constantin Medien - which had said it lost out after Mr Ecclestone entered into a "corrupt agreement" with a banker to facilitate the sale of the Formula 1 Group to a buyer chosen by him. But, despite ruling against Constantin after a High Court trial in London, the judge had described 83-year-old Mr Ecclestone as not "reliable or truthful".
Quake hits U.S. output; Japanese scramble to recover and prices could rise
Mon, 21 Mar 2011As Japan's escalating disaster comes ashore in North America, automakers, suppliers and dealers are preparing for shortages of parts and vehicles. -- On Thursday, March 17, American Honda Motor Co. Executive Vice President John Mendel sent a memo to U.S.