FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker’s news conference as they announce the company’s 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann/File Photo LONDON/PARIS (Reuters) – French carmaker Peugeot (PEUP.PA) said on Thursday it plans to build its new Astra… Continue reading UPDATE 1-Peugeot issues Brexit ultimatum on new car investment
Author: Ritters US Newsfeed
Carmaker PSA to decide on new Ellesmere work after final Brexit terms
FILE PHOTO: A Vauxhall car is parked outside Vauxhall’s plant in Ellesmere Port, Britain, March 6, 2017. REUTERS/Phil Noble LONDON/PARIS (Reuters) – French carmaker PSA (PEUP.PA) said on Thursday that a final decision on whether to build its next generation Astra model at Ellesmere Port would depend on the final terms of Britain’s departure from… Continue reading Carmaker PSA to decide on new Ellesmere work after final Brexit terms
Uber targets expansion in fast-growing West African markets
LAGOS (Reuters) – Global ride-hailing firm Uber Technologies Inc is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive said on Thursday. FILE PHOTO: A sign marks the offices of Uber in Saugus, Massachusetts, U.S., May 8, 2019. REUTERS/Brian… Continue reading Uber targets expansion in fast-growing West African markets
UPDATE 1-Ford to cut 12,000 jobs in Europe by end of 2020
FILE PHOTO: A view of the Ford engine plant at Bridgend, Wales, Britain June 6, 2019. REUTERS/Rebecca Naden/File Photo FRANKFURT (Reuters) – Ford (F.N) said it will have cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in… Continue reading UPDATE 1-Ford to cut 12,000 jobs in Europe by end of 2020
UPDATE 2-Tesla’s top production executive at Fremont facility quits – source
FILE PHOTO: The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. REUTERS/Stephen Lam/File Photo (Reuters) – Tesla Inc’s vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters. He was the second in command of… Continue reading UPDATE 2-Tesla’s top production executive at Fremont facility quits – source
U.S. extends divestiture deadline for sanctioned Russian firm GAZ
WASHINGTON (Reuters) – The U.S. Treasury said on Wednesday it was giving investors another four months to divest from Russian automaker GAZ, a company linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia’s “malign activity.” The U.S. Treasury’s Office of Foreign Assets Control said it would allow investors and businesses until November 8… Continue reading U.S. extends divestiture deadline for sanctioned Russian firm GAZ
Traton expected to price toward lower end of range: sources
FILE PHOTO: Visitors stand at the booth of Volkswagen’s truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo FRANKFURT (Reuters) – Volkswagen’s truck unit Traton is expected to price toward the lower end of the marketing range in this week’s initial public offering, people close… Continue reading Traton expected to price toward lower end of range: sources
UPDATE 2-Tesla faces delivery bottleneck at close of Q2 -Electrek
FILE PHOTO: A Tesla Model 3 is seen in a showroom in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson (Reuters) – Shares of Tesla Inc fell 1.7% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter, threatening its… Continue reading UPDATE 2-Tesla faces delivery bottleneck at close of Q2 -Electrek
UPDATE 1-Chinese electric automaker BYD opens first plant in Canada
FILE PHOTO: A charging spot is seen at the stage of Chinese automaker BYD during the opening day of the Shanghai Auto Show April 19, 2011. REUTERS/Carlos Barria (Reuters) – Chinese electric vehicle maker BYD Co Ltd said on Tuesday it had opened its first plant in Canada, which will initially focus on assembling buses… Continue reading UPDATE 1-Chinese electric automaker BYD opens first plant in Canada
Traton trading at mid-point of IPO range in grey market
FILE PHOTO: Visitors stand at the booth of Volkswagen’s truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo MILAN (Reuters) – Shares in Volkswagen’s truck unit Traton were trading on the gray market at around the mid-point of its initial public offering price (IPO) range… Continue reading Traton trading at mid-point of IPO range in grey market