FILE PHOTO: Nicolas Peter, CFO of German luxury carmaker BMW, addresses the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder SHANGHAI (Reuters) – BMW Chief Financial Officer Nicolas Peter said the Bavarian carmaker has no plans to develop a compact vehicle together with a rival German carmaker. “We have no plans… Continue reading BMW says no plans to develop compact vehicle with rival: CFO
Author: Ritters US Newsfeed
AUTOSHOW-BMW says no plans to develop compact vehicle with rival: CFO
FILE PHOTO: Nicolas Peter, CFO of German luxury carmaker BMW, addresses the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder SHANGHAI (Reuters) – BMW Chief Financial Officer Nicolas Peter said the Bavarian carmaker has no plans to develop a compact vehicle together with a rival German carmaker. “We have no plans… Continue reading AUTOSHOW-BMW says no plans to develop compact vehicle with rival: CFO
Daimler to launch electric compact SUV in 2021: CEO
Mercedes logos are seen ahead of the Shanghai Auto Show, in Shanghai, China April 15, 2019. REUTERS/Aly Song SHANGHAI (Reuters) – Daimler plans to launch an electric compact sport utility vehicle in 2021 which will be called the Mercedes EQB, the German carmaker’s CEO said on Tuesday. Dieter Zetsche made the comments at a press… Continue reading Daimler to launch electric compact SUV in 2021: CEO
UPDATE 3-Former Volkswagen CEO Winterkorn charged with fraud by German prosecutors
FRANKFURT/BERLIN (Reuters) – German prosecutors charged former Volkswagen boss Martin Winterkorn with fraud on Monday over his role in the carmaker’s manipulation of diesel emissions testing, more than three years after the scandal came to light. The German case comes nearly a year after the United States filed charges against Winterkorn, accusing him of conspiring… Continue reading UPDATE 3-Former Volkswagen CEO Winterkorn charged with fraud by German prosecutors
Daimler to add new compact SUV to lineup this year – CEO
FILE PHOTO: Daimler AG CEO Dieter Zetsche speaks at the company’s annual news conference in Stuttgart, Germany, February 6, 2019. REUTERS/Michael Dalder (Reuters) – Daimler AG Chief Executive Officer Dieter Zetsche said the German automaker would add a new compact SUV to its lineup later this year. Zetsche at an event in Shanghai on Monday… Continue reading Daimler to add new compact SUV to lineup this year – CEO
Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato
BEIJING (Reuters) – Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV. Singulato workers unwrap a concept car, dubbed the iC3, which is based on a discontinued EV of Toyota,… Continue reading Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato
Volkswagen pushes battery partners to build Gigafactories
FILE PHOTO: A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Denis Balibouse SHANGHAI (Reuters) – Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity,… Continue reading Volkswagen pushes battery partners to build Gigafactories
U.S. probes 675,000 Nissan SUVs over unexpected braking
FILE PHOTO: The 2018 Nissan Rogue is displayed at the 2017 New York International Auto Show in New York City, U.S. April 12, 2017. REUTERS/Lucas Jackson/File Photo WASHINGTON (Reuters) – The U.S. auto safety agency is probing reports of potential unintended braking in 675,000 2017-2018 Nissan Motor Co Ltd Rogue vehicles, it said on Friday.… Continue reading U.S. probes 675,000 Nissan SUVs over unexpected braking
EU clears Nidec purchase of Whirlpool unit subject to conditions
BRUSSELS, April 12 (Reuters) – The European Commission said on Friday it had approved Japanese firm Nidec’s planned purchase of U.S. white goods maker Whirlpool Corp’s compressor subsidiary Embraco, subject to conditions. Nidec, a Japanese electric motor manufacturer, agreed a year ago to buy Brazil-based Embraco for an enterprise value of $1.08 billion. The Commission… Continue reading EU clears Nidec purchase of Whirlpool unit subject to conditions
Ferrari CEO confident on plan’s targets despite uncertain backdrop
FILE PHOTO: The logo of Ferrari is pictured during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier/File Photo AMSTERDAM (Reuters) – The chief executive of luxury race car maker Ferrari said on Friday he was confident about meeting the targets of a business plan through 2022… Continue reading Ferrari CEO confident on plan’s targets despite uncertain backdrop