FILE PHOTO: BMW cars are seen at the automobile terminal in the port of Dalian, Liaoning province, China January 9, 2019. Picture taken January 9, 2019. REUTERS/Stringer SHANGHAI (Reuters) – BMW AG (BMWG.DE) and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added… Continue reading BMW, Mercedes-Benz lower prices in China after VAT drop
Author: Ritters US Newsfeed
BMW, Varta apply for funds in battery cell push for e-cars
HAMBURG/BERLIN (Reuters) – Luxury carmaker BMW and Germany’s Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said on Friday, hitting a deadline set by the German government. FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris,… Continue reading BMW, Varta apply for funds in battery cell push for e-cars
UPDATE 1-BMW, Varta apply for funds in battery cell push for e-cars
HAMBURG/BERLIN (Reuters) – Luxury carmaker BMW and Germany’s Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said on Friday, hitting a deadline set by the German government. FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris,… Continue reading UPDATE 1-BMW, Varta apply for funds in battery cell push for e-cars
Cash, demand concerns overshadow Tesla’s SUV launch
(Reuters) – Shares of Tesla Inc fell nearly 5 percent on Friday, as investors wondered if its unveiling of an electric sports utility vehicle would add to pressure on cash flow, while analysts worried the carmaker was not addressing slowing demand for other models. Tesla Inc’s Model Y electric sports utility vehicle is pictured in… Continue reading Cash, demand concerns overshadow Tesla’s SUV launch
BMW applies for funds for battery cell research: spokesman
FILE PHOTO: The BMW logo is seen on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau HAMBURG (Reuters) – German luxury carmaker BMW has applied for state funding of research and development in the field of battery cells, a spokesman said on Friday, adding this does… Continue reading BMW applies for funds for battery cell research: spokesman
UPDATE 1-Ford to cut more than 5,000 jobs in Germany, others in UK
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 BERLIN (Reuters) – U.S. automaker Ford plans to cut more than 5,000 jobs in Germany and will reduce its workforce in Britain as well as it seeks to return to profit… Continue reading UPDATE 1-Ford to cut more than 5,000 jobs in Germany, others in UK
Ford aims to cut 5,000 jobs in Germany – spokesman
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 HAMBURG (Reuters) – U.S. automaker Ford is aiming to cut 5,000 jobs in Germany as it seeks to return to profit in Europe, a spokesman said on Friday. “We are looking… Continue reading Ford aims to cut 5,000 jobs in Germany – spokesman
UPDATE 1-Ford CEO Jim Hackett earned $17.1 million in 2018 as profit fell
FILE PHOTO: Jim Hackett, President and CEO of Ford Motor Company, speaks at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst DETROIT (Reuters) – Ford Motor Co Chief Executive Officer Jim Hackett earned salary, bonus and stock awards of $17.1 million in 2018, up from $16.3 million the… Continue reading UPDATE 1-Ford CEO Jim Hackett earned $17.1 million in 2018 as profit fell
UPDATE 1-BMW still preparing for no-deal after UK parliament backs Brexit delay
(Adds details) By Costas Pitas LONDON, March 15 (Reuters) – German carmaker BMW is continuing to prepare for a “worst-case scenario” no-deal Brexit after lawmakers voted to seek a delay to Britain’s exit from the European Union. BMW builds over 15 percent of Britain’s 1.5 million cars, making Minis at a factory in Oxford and… Continue reading UPDATE 1-BMW still preparing for no-deal after UK parliament backs Brexit delay
BMW still preparing for no-deal after UK parliament backs Brexit delay
LONDON, March 15 (Reuters) – German carmaker BMW is continuing to prepare for a no-deal Brexit, which it said was the worst-case scenario, after British lawmakers voted overwhelmingly to seek a delay to Britain’s exit from the European Union. “As a responsible employer, we must therefore continue to prepare for the worst-case scenario, which is… Continue reading BMW still preparing for no-deal after UK parliament backs Brexit delay