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Carlos Ghosn Fights Back

Carlos Ghosn, the former executive who fled Japan last month, went on the offensive today against the Japanese criminal justice system and Nissan Motor Co., the automaker he formerly headed.

Caterpillar Profit Rises Despite Lower Revenue

Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.

Ford Posts Quarterly Loss

Ford Motor Co. today reported a fourth-quarter loss of $1.67 billion as the automaker’s North American results fell. The loss was 42 cents on a per-share basis. That compares with a year-earlier loss of $116 million, or 3 cents. Revenue for the quarter fell to $41.8 billion from $39.7 billion a year earlier.

Lightning eMotors Introduces New Model

Lightning eMotors, a provider of commercial electric vehicles for fleets, today announced the debut of a new model of its Class 3 Lightning Electric Transit Van.

Slow Auto Recovery Is Forecast

The global auto industry will experience a slow recovery in 2021 from the COVID-19 pandemic, analysts at IHS Markit said today.