OSLO (Reuters) – Norsk Hydro, one of the world’s largest aluminum producers, battled on Tuesday to contain a cyber attack which halted parts of its production, the latest example of the damage hackers can cause to business and industry. A sign warning employees not to connect devices to the network in the wake of a… Continue reading Aluminum maker Hydro battles to contain ransomware attack
Author: Ritters US Newsfeed
UPDATE 7-Aluminium producer Hydro hit by cyber attack, shuts some plants
OSLO (Reuters) – Norsk Hydro, one of the world’s largest producers of aluminum, was battling on Tuesday to contain a cyber attack which hit parts of its production, sending its shares lower and aluminum prices higher. FILE PHOTO: An aluminium coil is seen during opening of a production line for the car industry at a… Continue reading UPDATE 7-Aluminium producer Hydro hit by cyber attack, shuts some plants
Fiat Chrysler revs up as Peugeot points to merger potential
LONDON (Reuters) – Fiat Chrysler shares jumped on Tuesday to the top of Europe’s STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and suggested Fiat Chrysler was among the options. FILE PHOTO: Fiat Chrysler Automobiles logo is seen on a panel… Continue reading Fiat Chrysler revs up as Peugeot points to merger potential
Porsche SE says it raised voting rights share in VW
FILE PHOTO: Hans Dieter Poetsch, Chairman of the Volkswagen’s supervisory board, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt Stuttgart (Reuters) – Porsche SE, the holding company controlling Germany’s Volkswagen, on Tuesday said it raised its voting rights share in the carmaker to 53.1 percent from 52.2… Continue reading Porsche SE says it raised voting rights share in VW
Hyundai Motor, Kia to invest $300 million in India’s Ola
FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, France, Oct. 2, 2018. REUTERS/Regis Duvignau/File Photo (Reuters) – South Korean automakers Hyundai Motor Co and Kia Motors Corp will together invest $300 million in Indian ride-hailing platform Ola, playing catch-up in the global race to… Continue reading Hyundai Motor, Kia to invest $300 million in India’s Ola
Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge
(Reuters) – Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a judge on Monday. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking… Continue reading Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge
U.S. states probing Hyundai, Kia over vehicle fires -Connecticut AG
The Hyundai logo is seen outside a Hyundai car dealer in Golden, Colorado, November 3, 2014. REUTERS/Rick Wilking (Reuters) – A group of U.S. states is investigating Hyundai Motor Co and Kia Motors Corp for potential unfair and deceptive acts related to reports of hundreds of vehicle fires, Connecticut Attorney General William Tong said in… Continue reading U.S. states probing Hyundai, Kia over vehicle fires -Connecticut AG
GM considers options for its Lyft stake following IPO
DETROIT (Reuters) – As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion. The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January… Continue reading GM considers options for its Lyft stake following IPO
Volkswagen wants to participate in battery cell subsidies scheme
FILE PHOTO: A Volkswagen badge on a production line at the Volkswagen plant in Wolfsburg, Germany, March 1, 2019. REUTERS/Fabian Bimmer/File Photo BERLIN (Reuters) – Volkswagen on Monday said it had expressed its intent to Germany’s Economy Ministry to participate in a state funding scheme aimed at supporting battery cell production for electric vehicles. “Volkswagen… Continue reading Volkswagen wants to participate in battery cell subsidies scheme
Nissan governance panel sees no need to overhaul alliance agreement -source
FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, Jan. 15, 2019. REUTERS/Christian Hartmann/File Photo TOKYO (Reuters) – The external committee tasked with improving governance at Nissan Motor Co believes the firm can deepen ties with Renault SA without overhauling… Continue reading Nissan governance panel sees no need to overhaul alliance agreement -source