U.S. prosecutors say Michael Grimes, who worked as an assistant in the UAW’s General Motors department, conspired with two unidentified senior union officials on multiple schemes going back to at least 2006.
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Nissan procures more than 800 parts from factories in the outbreak epicenter of Hubei to make cars worldwide and is concerned that most of those components will run out if plants in the province stay idled beyond Feb. 21.
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The supplier said in an SEC filing that it anticipates "a significant number" of production delays through February with some plants resuming operations in mid-to-late February, working to achieve full production through March.
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The two stores being acquired by Lithia are the only Lexus dealerships in the Sacramento metro area, and both are Elite of Lexus award winners.
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Sonic Automotive's revenue jumped 6.8 percent to $2.75 billion, as each part of the business posted gains except for wholesale vehicles.
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A government official said GM will provide severance pay and an additional bonus to employees at the manufacturing site being sold to China's Great Wall.
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The membership, which costs from $699 to $899 per month, includes unlimited vehicle swaps — as often as a vehicle a day.
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Mong-Koo Chung has been stepping back from frontline operations in recent years while his son and heir-apparent, Euisun Chung, has become more visible since his promotion to executive vice chairman in 2018.
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The automaker's two joint venture plants in China have had extended shutdowns due to the spread of the coronavirus.
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The 57-year-old's annual compensation could jump as much as 32 percent when he becomes COO on March 1, the automaker disclosed in an SEC filing.
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