Albertina Torsoli

Nissan Motor Co. is drawing up plans to replace its chief executive officer following another dismal set of earnings and the collapse of talks to combine with Honda Motor Co., according to people familiar with the matter.

France is destroying its industrial base by over-taxation, Michelin Chief Executive Officer Florent Menegaux said, with a thinly veiled threat to take business elsewhere.

Renault SA is forecasting roughly stable returns this year as the French manufacturer continues an overhaul of its lineup to counter muted demand for electric vehicles in Europe.

Can John Elkann and the carmaker’s next CEO possibly keep Paris, Rome and Washington happy?

Honda Motor Co. and Nissan Motor Co. are exploring a merger, according to people familiar with the matter, that would create a singular rival to Toyota Motor Corp. in Japan and better position the combined company to face competitive challenges around the world. Shares in Nissan surged as much as 24%, their biggest intraday jump on record.

Stellantis NV and a Chinese partner plan to invest as much as €4.1 billion ($4.3 billion) in a battery plant in Spain, giving a boost to Europe’s struggling effort to build an electric-vehicle supply chain.

The departure of the most-feared man in the auto industry reflects the struggles of manufacturers trying to retool for the electric vehicle era.

Renault SA is trying to strengthen its electric-vehicle business at a time of flagging demand by building up its footprint in a country where it doesn’t even sell cars — China.

Air France-KLM is in talks to buy a stake of as much as 20% in Air Europa after the Spanish carrier’s planned takeover by IAG SA was scuppered by regulatory opposition, the El Economista newspaper reported.

China’s BYD Co. is hiring the former UK chief of Stellantis NV, according to people familiar with the matter, as the EV maker builds a team of European executives to lead its expansion in the region.