Hyundai Motor appointed Albert Biermann, a former BMW executive, as its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire.
Audi marketing expert Bram Schot will become the luxury brand's CEO on Jan. 1, making permanent a role he has held on an interim basis since June. Schot was originally considered a longshot to permanently lead the automaker because he lacks an engineering background.
Nissan is poised to widen its probe into Carlos Ghosn to investigate possible misconduct at its alliance joint venture entity with Renault and a host of subsidiaries, people familiar with the matter said, in a move that could trigger more criminal charges on the former chairman.
A $25 million U.S. transportation grant supporting the expansion of an inland port for containers will directly benefit logistics operations at BMW in South Carolina and other manufacturers in the region.