FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach, Austria, June 3, 2018. REUTERS/Lisi Niesner/File Photo FRANKFURT (Reuters) – Infineon Technologies raised 1.545 billion euros ($1.74 billion) in an accelerated capital increase to help fund the cost of its planned acquisition of Cypress Semiconductor, it said late on… Continue reading UPDATE 1-Infineon raises $1.7 billion to help fund Cypress deal
Author: Ritters US Newsfeed
Uber to retain Careem brand for now -Careem CFO
FILE PHOTO: An employee shows the logo of ride-hailing company Careem on his mobile in his office in the West Bank city of Ramallah July 17, 2017. Picture taken July 17, 2017. REUTERS/Mohamad Torokman DUBAI (Reuters) – Uber and Middle East ride-hailing business Careem will remain separate entities until at least the first quarter of… Continue reading Uber to retain Careem brand for now -Careem CFO
Nissan considers giving Renault some seats on oversight committees: source
FILE PHOTO : The Nissan logo is seen at Nissan Motor Co.’s global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform,… Continue reading Nissan considers giving Renault some seats on oversight committees: source
Boeing to buy aerospace interiors company EnCore Group
(Reuters) – Boeing Co on Friday said it would buy aerospace interiors company EnCore Group, the planemaker’s second foray into aircraft seats after it partnered with auto seats maker Adient last year. The deal could help cut delays in the supply chain and improve profit margins for the planemaker, and is expected to close by… Continue reading Boeing to buy aerospace interiors company EnCore Group
Awake at the wheel: Automakers tap VR to banish boredom in autonomous cars
SHANGHAI (Reuters) – Audi, Nissan and other car makers are banking on talking cartoon characters and other virtual reality experiences to keep drivers and other occupants of future autonomous vehicles entertained, auto industry executives said. A screen shows Audi China President Thomas Owsianski as he introduces Audi connect, an open app ecosystem, at the CES… Continue reading Awake at the wheel: Automakers tap VR to banish boredom in autonomous cars
Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros
FRANKFURT (Reuters) – Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake. FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance… Continue reading Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros
Fiat Chrysler signs EV charge point deals with Enel, Engie
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo MILAN (Reuters) – Carmaker Fiat Chrysler (FCA) has signed an agreement with European utilities Enel and Engie to help offer its customers charging points for electric vehicles (EV) it is… Continue reading Fiat Chrysler signs EV charge point deals with Enel, Engie
Volkswagen aims to raise 1.9 billion euros from truck unit IPO
FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo FRANKFURT (Reuters) – Volkswagen said on Friday that it aims to raise up to 1.9 billion euros ($2.1 billion) by floating a stake of at least 10% in its Traton trucks… Continue reading Volkswagen aims to raise 1.9 billion euros from truck unit IPO
European lithium projects gain attention amid push toward electric vehicles
SANTIAGO (Reuters) – European lithium projects are making a fresh push for capital, eager to supply the white metal to a burgeoning network of battery manufacturers and electric vehicle makers across the continent, the world’s second-largest EV market after China. A regional EV supply chain would help achieve European Union goals to lower carbon emissions,… Continue reading European lithium projects gain attention amid push toward electric vehicles
UPDATE 2-VW and Ford close to deal on self-driving and electric cars – VW
HAMBURG (Reuters) – Volkswagen and Ford are close to reaching a deal on a partnership for developing self-driving and electric cars, the German carmaker’s chief executive said on Thursday. FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo Volkswagen and… Continue reading UPDATE 2-VW and Ford close to deal on self-driving and electric cars – VW