Tara Patel

Government, Business

Fugitive Carlos Ghosn Aims to Settle Scores in Book

Carlos Ghosn Carlos Ghosn by Michel Euler/AP

Executive-turned-international fugitive Carlos Ghosn is gunning for revenge in a new book published this week about the events surrounding his arrest in Tokyo two years ago, 130-day Japanese imprisonment and dramatic escape to Lebanon.

Tara Patel | Bloomberg News
November 4, 2020
Business, Equipment

European Auto Industry Buckling Up for at Least 35,000 Job Cuts

Renault SA employee s work on the Zoe electric vehicle assembly line at the company's factory in Flins, France, in May. Renault SA employee s work on the Zoe electric vehicle assembly line at the company's factory in Flins, France, in May. (Christophe Morin/Bloomberg News)

The extent of the devastation wrought on the European car industry by the coronavirus pandemic came into sharp focus May 29 when a sampling of major vehicle and parts manufacturers from France to Sweden revealed plans for at least 35,000 job cuts.

Tara Patel | Bloomberg News
May 29, 2020
Government, Business, Equipment

Nissan Warns About Future of European Plants as Brexit Weighs

Nissan logo Paul Sancya/Associated Press

Nissan Motor Co. gave the starkest warning yet on the future of the Japanese group’s car factories in western Europe, with a plant in the U.K. threatened by Brexit and another in Spain suffering from a slump in demand.

Tara Patel | Bloomberg News
February 24, 2020
Business, Technology

Renault-Nissan Alliance Being Rebuilt After Carlos Ghosn Era

Renault SA Chairman Jean-Dominique Senard Renault SA Chairman Jean-Dominique Senard by Francois Mori/Associated Press

Renault SA Chairman Jean-Dominique Senard said the two-decade automotive partnership with Nissan Motor Co. has moved on from the Carlos Ghosn era, dismissing reports it’s in danger of collapse and signaling the “anguish” of last year is over.

Tara Patel | Bloomberg News
January 16, 2020
Business, Equipment

VW’s Traton Joins Rivals in Warning Demand for Trucks Is Souring

Traton Traton flags. (Traton Group)

Volkswagen AG’s Traton truck-making division echoed competitors in warning it’s “intensively” preparing for a much more difficult environment next year.

Tara Patel | Bloomberg News
November 4, 2019