PARIS (Reuters) – Fiat Chrysler Automobiles NV and Renault SA are looking for ways to resuscitate their collapsed merger plan and secure the approval of the French carmaker’s alliance partner Nissan Motor Co Ltd , according to several sources close to the companies. FILE PHOTO: The logos of Renault and Fiat carmakers are seen in… Continue reading Exclusive: FCA-Renault revival may hinge on Nissan stake cut – sources
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France prepared to cut Renault stake to shore up deal with Nissan: AFP
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire delivers a speech during a high-level forum on debt at the Finance ministry in Paris, France, May 7, 2019. REUTERS/Benoit Tessier/File Photo (Reuters) – French Finance Minister Bruno Le Maire said France is ready to cut its stake in Renault SA in order to shore… Continue reading France prepared to cut Renault stake to shore up deal with Nissan: AFP
UPDATE 1-Uber COO, marketing chief step down in leadership overhaul – memo
FILE PHOTO: Barney Harford, Chief Operating Officer (COO) of Uber listens to a question during a news conference in New Delhi, India, April 18, 2018. REUTERS/Adnan Abidi (Reuters) – Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi wants to take more control of operations and is overhauling the ride-hailing company’s leadership to deal with brand… Continue reading UPDATE 1-Uber COO, marketing chief step down in leadership overhaul – memo
Toyota to tie up with China’s CATL to accelerate electrification: Nikkei
FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Denis Balibouse/File Photo TOKYO (Reuters) – Toyota Motor Corp will tie up with leading Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL), in a move to accelerate the electrification of its products, the Nikkei… Continue reading Toyota to tie up with China’s CATL to accelerate electrification: Nikkei
UPDATE 2-BMW sells cars globally despite tariffs, no reason to change Mexico plans -board member
SAN LUIS POTOSI, Mexico (Reuters) – BMW sees no reason to change its plans for Mexico in the wake of U.S. threats to slap duties on Mexican imports, a board member of the German carmaker said on Thursday, adding the company sells cars globally despite tariffs placed by most countries on imported vehicles. Employees work… Continue reading UPDATE 2-BMW sells cars globally despite tariffs, no reason to change Mexico plans -board member
Amazon’s Bezos says robotic hands will be ready for commercial use in next 10 years
FILE PHOTO: Founder, Chairman, CEO and President of Amazon Jeff Bezos unveils his space company Blue Origin’s space exploration lunar lander rocket called Blue Moon during an unveiling event in Washington, U.S., May 9, 2019. REUTERS/Clodagh Kilcoyne LAS VEGAS (Reuters) – Amazon.com Inc Chief Executive Jeff Bezos said on Thursday he expects there will be… Continue reading Amazon’s Bezos says robotic hands will be ready for commercial use in next 10 years
FCA-Renault merger collapse a blow for Goldman and its alumni network: sources
LONDON (Reuters) – The collapse of merger talks between Fiat Chrysler Automobiles(FCA) and Renault marks a setback for a tight network of current and former Goldman Sachs’ bankers who tried to convince the French political establishment to back the deal. FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June… Continue reading FCA-Renault merger collapse a blow for Goldman and its alumni network: sources
Failed FCA-Renault deal exposes limits of French industrial intervention
* Fiat walked away from Renault deal over French politics * France has long list of state-steered unhappy deals * Government nonetheless shows no sign of relenting By Leigh Thomas PARIS, June 6 (Reuters) – Fiat Chrysler’s abrupt withdrawal of its merger offer for Renault lays bare the limits of the French government’s interventionist industrial… Continue reading Failed FCA-Renault deal exposes limits of French industrial intervention
Exclusive: India plans to order taxi aggregators like Uber, Ola to go electric – documents
NEW DELHI (Reuters) – India plans to order taxi aggregators like Uber and Ola to convert 40% of their fleet of cars to electric by April 2026, according to a source and records of government meetings to discuss new rules for clean mobility. A screen displays the company logo for Uber Technologies Inc. on the… Continue reading Exclusive: India plans to order taxi aggregators like Uber, Ola to go electric – documents
VW’s Electrify America to build more EV chargers at Walmart stores
DETROIT (Reuters) – Volkswagen AG unit Electrify America will significantly expand its U.S. network of electric vehicle charging stations at Walmart Inc store locations with an emphasis on America’s heartland states, the two companies said on Thursday. FILE PHOTO: Electric vehicle chargers at Walmart Supercenter in Clarksville, Indiana, U.S., November 15, 2018. Courtesy Electrify America/Handout… Continue reading VW’s Electrify America to build more EV chargers at Walmart stores