The Ford logo is seen at the Ford oldest Brazil plant after company announced its closure in Sao Bernardo do Campo, Brazil February 21, 2019. REUTERS/Amanda Perobelli SAO PAULO (Reuters) – Brazilian automaker CAOA has signed a confidentiality agreement to negotiate a potential purchase of Ford Motor Co’s plant in the industrial city of Sao… Continue reading Brazil automaker CAOA signs agreement with Ford over plant purchase -source
Author: Ritters US Newsfeed
UPDATE 1-Honda says 16th U.S. death confirmed in air bag rupture
WASHINGTON (Reuters) – Honda Motor Co said on Friday it had confirmed a 16th U.S. death has been tied to a faulty Takata air bag inflator. FILE PHOTO: Honda’s logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon The Japanese automaker said that… Continue reading UPDATE 1-Honda says 16th U.S. death confirmed in air bag rupture
Honda says 16th U.S. death confirmed in air bag rupture
FILE PHOTO: Honda’s logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon WASHINGTON (Reuters) – Honda Motor Co said on Friday it had confirmed a 16th U.S. death has been tied to a faulty Takata air bag inflator. The Japanese automaker said that… Continue reading Honda says 16th U.S. death confirmed in air bag rupture
Volkswagen, Siemens to collaborate on industrial cloud technology
FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker BERLIN (Reuters) – Volkswagen has selected Siemens as its integration partner to help connect its 122 plants to Amazon’s cloud in an effort to raise efficiency in production,… Continue reading Volkswagen, Siemens to collaborate on industrial cloud technology
UPDATE 2-Tesla supplier agrees to buy GM’s S.Korean plant for EV manufacturing
A logo of General Motors is pictured at its plant in Silao, in Guanajuato state, Mexico, November 9, 2017. REUTERS/Edgard Garrido SEOUL (Reuters) – A South Korean supplier of Tesla Inc said on Friday it had agreed to buy a shuttered auto factory from General Motors’ local unit to start contract manufacturing of electric vehicles.… Continue reading UPDATE 2-Tesla supplier agrees to buy GM’s S.Korean plant for EV manufacturing
GM to sell closed S.Korean plant to local parts maker for $99 mln
SEOUL, March 29 (Reuters) – South Korean auto parts maker Myoungshin plans to buy General Motors’ car factory in the southwestern city of Gunsan for 113 billion won ($99.5 million), Myoungshin’s parent firm said in a regulatory filing. Myoungshin, a unit of MS Autotech, said it will buy the land and buildings of the GM… Continue reading GM to sell closed S.Korean plant to local parts maker for $99 mln
UPDATE 4-Lyft valued at $24.3 bln in first ride-hailing IPO
(Reuters) – Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. Lyft’s IPO sets the stage for the stock market debut of larger… Continue reading UPDATE 4-Lyft valued at $24.3 bln in first ride-hailing IPO
UPDATE 1-Fiat Chrysler to cut shift, 1,500 jobs at Canadian minivan plant
FILE PHOTO: Fiat Chrysler assembly workers work on a partially assembled minivan at the Windsor Assembly Plant in Windsor, Ontario, February 9, 2015. REUTERS/Rebecca Cook (Reuters) – Fiat Chrysler Automobiles NV said on Thursday it will eliminate one shift at its Windsor, Ontario, assembly plant where it builds minivans, resulting in the loss of 1,500… Continue reading UPDATE 1-Fiat Chrysler to cut shift, 1,500 jobs at Canadian minivan plant
Fiat Chrysler to cut shift, 1,500 jobs at Canadian minivan plant
FILE PHOTO: Fiat Chrysler assembly workers work on a partially assembled minivan at the Windsor Assembly Plant in Windsor, Ontario, February 9, 2015. REUTERS/Rebecca Cook (Reuters) – Fiat Chrysler Automobiles NV said on Thursday it will eliminate one shift at its Windsor, Ontario, assembly plant where it builds minivans, resulting in the loss of 1,500… Continue reading Fiat Chrysler to cut shift, 1,500 jobs at Canadian minivan plant
GM says no cut in Chevy Bolt sticker price as U.S. tax credit for EVs drops
(Reuters) – General Motors Co on Thursday said it has no plan to cut the sticker price on its electric Chevrolet Bolt sedan after a federal tax credit drops by half to $3,750 on Monday. FILE PHOTO: A 2019 Chevrolet Bolt plug-in electric vehicle is displayed at the North American International Auto Show in Detroit,… Continue reading GM says no cut in Chevy Bolt sticker price as U.S. tax credit for EVs drops