DETROIT (Reuters) – Ford Motor Co’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 U.S. automaker said on Wednesday. FILE PHOTO: The Ford logo is seen at the North American International Auto… Continue reading Ford forecasts $1 billion profit improvement from Michigan truck plant
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UPDATE 1-Ford forecasts $1 bln profit improvement from Michigan truck plant
DETROIT (Reuters) – Ford Motor Co’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 U.S. automaker said on Wednesday. FILE PHOTO: The Ford logo is seen at the North American International Auto… Continue reading UPDATE 1-Ford forecasts $1 bln profit improvement from Michigan truck plant
EU lawmakers back wifi-based car standard in win for Volkswagen
FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer BRUSSELS (Reuters) – The European Commission’s push for a wifi-based standard for cars backed by Volkswagen took a big step forward on Wednesday after EU lawmakers endorsed the move over 5G technology… Continue reading EU lawmakers back wifi-based car standard in win for Volkswagen
Toyota to sell first hybrid car made in Brazil
FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Pierre Albouy/File Photo SAO PAULO (Reuters) – Japan’s Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas,… Continue reading Toyota to sell first hybrid car made in Brazil
Ford Motor forecasts $1 bln profit improvement at Michigan truck plant
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo DETROIT (Reuters) – Ford Motor Co said on Wednesday a planned shift in production at a Michigan plant to trucks from less profitable cars will lead to an improvement of more… Continue reading Ford Motor forecasts $1 bln profit improvement at Michigan truck plant
VW’s Slovak unit vows to increase efficiency, curb wage growth
FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice, France, April 8, 2019. REUTERS/Eric Gaillard BRATISLAVA (Reuters) – Volkswagen’s Slovak unit pledged on Wednesday to increase efficiency by 30 percent by 2020 to get ahead of the company-wide savings drive as it seeks to raise its competitiveness… Continue reading VW’s Slovak unit vows to increase efficiency, curb wage growth
Aeva signs sensor deal with Audi’s self-driving unit
SAN FRANCISCO (Reuters) – Aeva Inc, a startup company founded by former Apple Inc and Nikon Corp engineers, has signed a sensor-system deal with an Audi-owned unit that is working on self-driving technology for Volkswagen AG. FILE PHOTO: The logo of Audi carmaker is seen at the entrance of a showroom in Nice, France, April… Continue reading Aeva signs sensor deal with Audi’s self-driving unit
Aptiv opens autonomous mobility center in China
(Reuters) – U.S. auto-parts supplier Aptiv said on Wednesday it was opening an autonomous mobility center in Shanghai, in a push to position its self-driving vehicles in China. The center in the world’s biggest auto market would be one of Aptiv’s major autonomous driving engineering hubs, alongside Boston, Singapore, Pittsburgh and Las Vegas, the company… Continue reading Aptiv opens autonomous mobility center in China
No-frills no longer: GM’s China brand Baojun attempts a major makeover
LIUZHOU, China/BEIJING (Reuters) – By many measures, General Motors’ China brand Baojun has been an exceptional success story, growing at breakneck speed by selling low-cost no-frills vehicles in smaller cities and rural areas. Employees work on Baojun RS-5 cars at a final assembly plant operated by General Motors Co and its local joint-venture partners in… Continue reading No-frills no longer: GM’s China brand Baojun attempts a major makeover
FOCUS-No-frills no longer: GM’s China brand Baojun attempts a major makeover
LIUZHOU, China/BEIJING (Reuters) – By many measures, General Motors’ China brand Baojun has been an exceptional success story, growing at breakneck speed by selling low-cost no-frills vehicles in smaller cities and rural areas. FILE PHOTO: Shen Yang (3rd R), general manager of SAIC-GM-Wuling Automobile, a joint venture of General Motors and its Chinese partners, attends… Continue reading FOCUS-No-frills no longer: GM’s China brand Baojun attempts a major makeover