Autos | featured news

In a video recorded before his most recent arrest, the former auto chief said executives responsible for the company’s slide had plotted against him.

The policy could change not just traffic, but also how we think about the infrastructure cars require.

The auto executive, who faces criminal charges in Japan, said he would hold a news conference next week “to tell the truth about what’s happening.”

The results followed a series a price cuts aimed at making the company’s electric vehicles affordable to a wider range of customers.

The Japanese authorities suspect breach of trust by the former Nissan chief, who denied wrongdoing and called the arrest “outrageous and arbitrary.”

In an interview, his wife, Carole Ghosn, described aggressive tactics and a thorough home search. Experts called his latest arrest in Japan an unusually forceful move.

Major automakers on Tuesday reported weak U.S. sales for March and the first quarter, citing a rough start to the year, but said a robust economy and strong labor market should encourage consumers to buy more vehicles as 2019 rolls on.

Traffic-choked cities like Philadelphia, Los Angeles and Portland, Ore. may be emboldened by New York’s decision to give congestion pricing a try.

The rapid decline raises questions about investors’ appetite for fast-growing but unprofitable tech companies.

An I.P.O. underscored the depth of investor hunger for fast-growing young tech businesses, even if they are deeply unprofitable.