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Back in the News: Court Orders Carlos Ghosn to Return Super-Yacht and $32 Million to Nissan

Back in the News: Court Orders Carlos Ghosn to Return Super-Yacht and $32 Million to Nissan

Nissan showed its former CEO who’s “The Boss” as it won a battle in court ordering Carlos Ghosn to return a 121-foot yacht of that name, along with $32 million in damages. That’s the latest twist in a battle that began when the executive was arrested for alleged financial crimes in 2018.

Stellantis Set to Launch Layoffs Next Month — Even as it Faces Strike Threat

Stellantis Set to Launch Layoffs Next Month — Even as it Faces Strike Threat

Stellantis Plans to lay off hundreds of full-time and seasonal employees starting October 1 as it enters “full execution mode” aimed at coping with slumping sales and earnings. But the cuts could lead to further friction even as members of the United Auto Workers Union vote on whether to authorize a strike at the Euro-American automaker.

Ford, Stellantis Move Closer to Strikes

Ford, Stellantis Move Closer to Strikes

Barely a year after wrapping up a “stand-up strike” against Detroit’s Big Three automakers the the United Auto Workers Union appears ready to launch another series of walkouts. First in line: a Ford unit producing critical tooling for parts plants and assembly lines could face a strike at midnight Wednesday after talks broke down. Stellantis could be next.