FILE PHOTO: A man rides an electric scooter in Madrid, Spain, December 4, 2018. REUTERS/Susana Vera/File Photo STOCKHOLM (Reuters) – Sweden’s VOI Technology plans to put a new fleet of thousands of electric scooters on European streets this summer to fend off competition in an increasingly crowded market. U.S. tech giants Uber and Alphabet are… Continue reading VOI makes European push in crowded electric scooter-sharing market
Author: Ritters US Newsfeed
Volkswagen wins worker backing for restructuring with $1.1 billion battery plan
BERLIN (Reuters) – Volkswagen workers backed a restructuring of the world’s largest carmaker on Tuesday after Chief Executive Herbert Diess pledged to spend 1 billion euros ($1.1 billion) on a new battery cell production plant near its headquarters in Lower Saxony. Volkswagen’s CEO Herbert Diess speaks ahead of Volkswagen Group’s annual general meeting in Berlin,… Continue reading Volkswagen wins worker backing for restructuring with $1.1 billion battery plan
UPDATE 3-Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weigh
YOKOHAMA (Reuters) – Nissan Motor Co forecast a 28% plunge in its annual operating profit, putting it on course for the weakest earnings in 11 years and underscoring its struggle to turn the page after former Chairman Carlos Ghosn was ousted. Nissan CEO Hiroto Saikawa attends a news conference in Yokohama, Japan, May 14, 2019.… Continue reading UPDATE 3-Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weigh
Nissan flags weakest profit in 11 years, Ghosn woes, bleak sales weigh
YOKOHAMA (Reuters) – Nissan Motor Co forecast a 28% plunge in its annual operating profit, setting it up for the weakest earnings in 11 years and underscoring its struggle to turn the page after the ouster of former Chairman Carlos Ghosn. Nissan CEO Hiroto Saikawa attends a news conference in Yokohama, Japan, May 14, 2019.… Continue reading Nissan flags weakest profit in 11 years, Ghosn woes, bleak sales weigh
Nissan flags weakest profit in more than a decade as Ghosn woes weigh
FILE PHOTO: A Nissan logo is pictured during the media day for the Shanghai auto show in Shanghai, China, April 16, 2019. REUTERS/Aly Song/File Photo YOKOHAMA (Reuters) – Nissan Motor Co flagged its weakest annual profit in more than a decade on Tuesday, forecasting a 28% drop in earnings, as Japan’s second-largest automaker struggles to… Continue reading Nissan flags weakest profit in more than a decade as Ghosn woes weigh
VW shares up 2.7% in early trade on truck listing plans
FRANKFURT (Reuters) – Volkswagen shares were up 2.7% in early trade on Tuesday after the multi-brand carmaking group said it would press ahead with a listing of its trucks unit Traton in what could be Germany’s biggest share offering this year. FILE PHOTO: Visitors stand at the booth of Volkswagen’s truck unit Traton Group, former… Continue reading VW shares up 2.7% in early trade on truck listing plans
Volkswagen shares indicated higher on truck listing plans
FRANKFURT (Reuters) – Volkswagen shares were indicated 0.8% higher on Tuesday after the multi-brand carmaking group said it would press ahead with a listing of its trucks unit Traton in what could be Germany’s biggest share offering this year. FILE PHOTO: Visitors stand at the booth of Volkswagen’s truck unit Traton Group, former Volkswagen Truck… Continue reading Volkswagen shares indicated higher on truck listing plans
UPDATE 1-VW plans summer IPO of its Traton truck unit
(Adds details of Traton unit, Navistar investment, background) By Nick Carey May 13 (Reuters) – Volkswagen AG said on Monday it plans an initial public offering of its Traton trucks unit before the 2019 summer break and will invest nearly 1 billion euros ($1.12 billion) in an electric vehicle battery cell plant in Europe. The… Continue reading UPDATE 1-VW plans summer IPO of its Traton truck unit
Volkswagen to make batteries in Germany, slim down
FILE PHOTO: People pass in front of a Volkswagen logo ahead of the Shanghai Auto Show, in Shanghai, China April 15, 2019. REUTERS/Aly Song/File Photo BERLIN (Reuters) – Volkswagen will invest almost 1 billion euros ($1.1 billion) in battery cell production at a facility in western Germany and is seeking to simplify the group by… Continue reading Volkswagen to make batteries in Germany, slim down
VW board gives provisional nod to Traton truck unit IPO
May 13 (Reuters) – Volkswagen AG said on Monday that it plans an initial public offering (IPO) of its trucks unit Traton before the 2019 summer break and will invest nearly 1 billion euros ($1.12 billion) in an electric vehicle battery cell plant in Europe. The German automaker also said it would launch talks on… Continue reading VW board gives provisional nod to Traton truck unit IPO