(Adds details, background) By David Shepardson WASHINGTON, May 29 (Reuters) – Volkswagen AG and the United Auto Workers union confirmed on Wednesday that workers at the German automaker’s Chattanooga, Tennessee, assembly will vote June 12-14 on whether to unionize. The UAW had petitioned the National Labor Relations Board to set the dates for the election… Continue reading UPDATE 1-VW Tennessee plant employees to vote on whether to join union
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Outside of Tesla, future EV sales in U.S. may be thin for most brands-study
(Reuters) – U.S. demand for electric vehicles, including hybrids, could rise to 1.28 million by 2026, a new study projected on Wednesday, but most brands will struggle to make money on the new models. FILE PHOTO: The 2020 Mercedes-Benz GLC EQC is revealed at the 2019 New York International Auto Show in New York City,… Continue reading Outside of Tesla, future EV sales in U.S. may be thin for most brands-study
Auto supplier Cooper-Standard not interested in bidding for Turkey’s Teklas-CEO
DETROIT (Reuters) – U.S. auto parts supplier Cooper-Standard Holdings Inc is not interested in buying Turkey’s Teklas Kaucuk, which supplies such carmakers as General Motors and BMW, Cooper-Standard’s top executive said on Wednesday. Cooper-Standard, based outside Detroit, is not interested in expanding in Europe given that region’s uncertainties at the moment, Chairman and Chief executive… Continue reading Auto supplier Cooper-Standard not interested in bidding for Turkey’s Teklas-CEO
UPDATE 2-NXP to buy Marvell’s WiFi, Bluetooth business for $1.76 bln
(Reuters) – Dutch chipmaker NXP Semiconductors NV said on Wednesday it will buy Marvell Technology Group Ltd’s wireless connectivity business for $1.76 billion in cash to offer its customers a bigger product portfolio. FILE PHOTO: People look over a display in the NXP booth during the 2019 CES in Las Vegas, Nevada, U.S. January 8,… Continue reading UPDATE 2-NXP to buy Marvell’s WiFi, Bluetooth business for $1.76 bln
German online classifieds firm Scout24 eyes Ebay parts – CEO
MUNICH, May 29 (Reuters) – Scout24 is interested in acquiring certain parts of Ebay’s classifieds business, Chief Executive Tobias Hartmann said, adding that he was interested in Ebay’s car and real estate classifieds operations. “We are operating in a market where acquisition opportunities are rare. But we will focus on markets and countries where we… Continue reading German online classifieds firm Scout24 eyes Ebay parts – CEO
Nissan tells Renault ‘not opposed’ to Fiat Chrysler merger plan -Nikkei
TOKYO (Reuters) – Nissan on Wednesday told Renault it wasn’t opposed to its partner’s potential $35 billion merger with Fiat Chrysler, the Nikkei newspaper said, as the two met to hash out the future of their alliance amid a deal that could upend the auto industry. FILE PHOTO: The logos of car manufacturers Renault and… Continue reading Nissan tells Renault ‘not opposed’ to Fiat Chrysler merger plan -Nikkei
VW’s Porsche CEO probed by prosecutors: Stuttgarter Nachrichten
FILE PHOTO: Oliver Blume, CEO of Porsche AG, speaks during a Porsche press conference at the Los Angeles Auto Show in Los Angeles, California, U.S. November 28, 2018. REUTERS/Kyle Grillot/File Photo FRANKFURT (Reuters) – German prosecutors are investigating the chief executive of Volkswagen’s Porsche business, Oliver Blume, over a possible breach of fiduciary trust tied… Continue reading VW’s Porsche CEO probed by prosecutors: Stuttgarter Nachrichten
China ready to hit back at U.S. with rare earths: newspapers
BEIJING (Reuters) – China is ready to use rare earths to strike back in a trade war with the United States, Chinese newspapers warned on Wednesday in strongly worded commentaries on a move that would escalate tensions between the world’s two largest economies. Chinese staffers adjust U.S. and Chinese flags before the opening session of… Continue reading China ready to hit back at U.S. with rare earths: newspapers
Toyota may invest about $550 mln in China ride-hailing firm Didi – Nikkei
TOKYO, May 29 (Reuters) – Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday. Japan’s top automaker was also looking to set up a new mobility-services company in China, the Nikkei said. Toyota has made large investments in other… Continue reading Toyota may invest about $550 mln in China ride-hailing firm Didi – Nikkei
How Renault, Fiat Chrysler could save through sharing
(Reuters) – If French automaker Renault green-lights a proposed merger with Fiat Chrysler Automobiles, the companies almost immediately could begin saving money by consolidating components and basic structures on many of their most popular vehicles, an industry analyst said on Tuesday. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters… Continue reading How Renault, Fiat Chrysler could save through sharing