LONDON (Reuters) – Ford said it would close its plant in Bridgend, south Wales, next year because of falling demand for some if its engines, putting 1,700 jobs at risk in a further blow to Britain’s once booming car industry. The Ford logo is seen at the North American International Auto Show in Detroit, Michigan,… Continue reading UPDATE 3-Ford to close Wales engine plant in latest blow to UK car sector
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UPDATE 1-France engaged constructively in failed FCA-Renault talks -Le Maire
(Adds detail, background) PARIS, June 6 (Reuters) – France’s finance minister said on Thursday following the collapse of merger talks between Fiat Chrysler (FCA) and Renault that the government had engaged constructively but failed to win the support of Renault’s Japanese partner, Nissan. “An agreement had been reached on three of the four conditions. What… Continue reading UPDATE 1-France engaged constructively in failed FCA-Renault talks -Le Maire
Toyota, Subaru team up to develop electric SUV in battle against costs
An employee walks past Toyota logo at Rolf, an automotive dealer in Moscow, Russia April 12, 2019. REUTERS/Maxim Shemetov TOKYO (Reuters) – Toyota Motor Corp and Subaru Corp on Thursday said they plan to jointly develop a battery-electric sport-utility vehicle (SUV) on a platform produced together as they seek to split the cost of producing… Continue reading Toyota, Subaru team up to develop electric SUV in battle against costs
China’s Didi Chuxing starts ride-hailing services in Chile, Colombia
A woman walks past a sign of station for Didi Chuxing in Beijing, China January 2, 2019. REUTERS/Jason Lee SHANGHAI (Reuters) – Chinese ride-hailing giant Didi Chuxing said on Thursday that it had launched services in Chile and Colombia, as part of its push into Latin America. The company kicked off operations of Didi Express… Continue reading China’s Didi Chuxing starts ride-hailing services in Chile, Colombia
UPDATE 1-Fiat Chrysler withdraws merger offer for Renault
FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard PARIS (Reuters) – Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault, calling off what would have been a landmark deal to create the world’s third-biggest automaker. A source close… Continue reading UPDATE 1-Fiat Chrysler withdraws merger offer for Renault
UPDATE 1-Fiat Chrysler sales chief files whistleblower suit over SEC probe
WASHINGTON (Reuters) – Fiat Chrysler Automobiles’ U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe by the U.S. Securities and Exchange Commission, court documents filed on Wednesday show. FILE PHOTO: The logo of Fiat carmaker is pictured… Continue reading UPDATE 1-Fiat Chrysler sales chief files whistleblower suit over SEC probe
Fiat Chrysler sales chief files whistleblower suit over SEC probe
FILE PHOTO: The logo of Fiat carmaker is pictured at a dealership in Orvault near Nantes, France, June 3, 2019. REUTERS/Stephane Mahe WASHINGTON (Reuters) – Fiat Chrysler Automobiles’ U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe… Continue reading Fiat Chrysler sales chief files whistleblower suit over SEC probe
FCA, France reach tentative agreement on Renault merger -sources
FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard PARIS/MILAN (Reuters) – Fiat Chrysler has reached a tentative agreement with France on the terms of its proposed merger with Renault, two sources told Reuters, as the French carmaker’s board met to consider the bid late… Continue reading FCA, France reach tentative agreement on Renault merger -sources
Exclusive: GM CEO defends plan to sell Ohio plant to startup
FILE PHOTO: General Motors Chief Executive Officer Mary Barra poses after making an announcement of a major investment focused on the development of GM future technologies at the GM Orion Assembly Plant in Lake Orion, Michigan, U.S. March 22, 2019. REUTERS/Rebecca Cook WASHINGTON (Reuters) – General Motors Chief Executive Mary Barra on Wednesday defended the… Continue reading Exclusive: GM CEO defends plan to sell Ohio plant to startup
UPDATE 2-U.S. rejects GM, Volvo tariff relief requests for China-made SUVs
WASHINGTON/STOCKHOLM (Reuters) – The United States has rejected separate requests from General Motors Co and Chinese-owned Volvo Cars for an exemption to a 25% U.S. tariff on their Chinese-made sport utility vehicle models. FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt… Continue reading UPDATE 2-U.S. rejects GM, Volvo tariff relief requests for China-made SUVs