NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. FILE PHOTO: Uber’s logo… Continue reading UPDATE 2-SoftBank, Toyota in talks to invest $1 bln in Uber’s self-driving unit -sources
Author: Ritters US Newsfeed
Nissan may ask ex-Toray boss Sakakibara to chair board meetings: source
FILE PHOTO: Chairman of Japan Business Federation (Keidanren) Sadayuki Sakakibara attends a news conference in Tokyo, Japan, January 23, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Nissan Motor is considering asking ex-Toray Industries chief and Japan Inc heavyweight Sadayuki Sakakibara to chair its board meetings while leaving vacant the chairman post previously held by Carlos Ghosn,… Continue reading Nissan may ask ex-Toray boss Sakakibara to chair board meetings: source
Fiat Chrysler recalling 965,000 US, Canadian vehicles over excess emissions
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV will recall about 965,000 gasoline-powered vehicles in the United States and Canada that do not meet emissions standards and will replace their catalytic converters, officials said on Wednesday. A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018.… Continue reading Fiat Chrysler recalling 965,000 US, Canadian vehicles over excess emissions
UPDATE 1-UAW leader puts Detroit Three ‘on notice’ ahead of contract talks
DETROIT (Reuters) – The leader of the United Auto Workers union on Wednesday warned that job security and preventing the shift of U.S. jobs to Mexico would be top priorities in contract talks with Detroit’s automakers slated for later this year. United Auto Workers (UAW) union President Gary Jones addresses UAW delegates at the ‘Special… Continue reading UPDATE 1-UAW leader puts Detroit Three ‘on notice’ ahead of contract talks
Ford says cutting U.S. salaried jobs, doesn’t say how many
FILE PHOTO: The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse (Reuters) – Ford Motor Co confirmed on Wednesday it is cutting an unspecified number of U.S. salaried jobs as part of a global reorganization announced last year. Said Deep,… Continue reading Ford says cutting U.S. salaried jobs, doesn’t say how many
UPDATE 1-Fiat Chrysler to recall 862,520 US vehicles over emissions standards
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV will recall 862,520 gasoline-powered vehicles in the United States that do not meet U.S. emissions standards, the Environmental Protection Agency said on Wednesday. A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook The recall, reported… Continue reading UPDATE 1-Fiat Chrysler to recall 862,520 US vehicles over emissions standards
Exclusive: Fiat Chrysler to recall 862,520 U.S. vehicles that do not meet emissions standards
A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV will recall 862,520 gasoline-powered vehicles in the United States that do not meet U.S. emissions standards, Reuters has learned. The recall was prompted by in-use emissions… Continue reading Exclusive: Fiat Chrysler to recall 862,520 U.S. vehicles that do not meet emissions standards
VW brand to cut up to 7,000 jobs for 5.9 billion euro annual savings goal
FILE PHOTO: A Volkswagen badge on a production line at the Volkswagen plant in Wolfsburg, Germany, March 1, 2019. REUTERS/Fabian Bimmer/File Photo WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) on Wednesday said it will shrink its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros worth of annual savings at its… Continue reading VW brand to cut up to 7,000 jobs for 5.9 billion euro annual savings goal
Toyota workers to get smaller base-pay rise than sought -Jiji
A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy TOKYO (Reuters) – Toyota Motor workers in Japan will receive a monthly increase in base pay of 10,700 yen ($96), lower than what unions were requesting, Jiji Press reported on Wednesday. Prime Minister Shinzo Abe’s… Continue reading Toyota workers to get smaller base-pay rise than sought -Jiji
UPDATE 1-U.S. SEC seeks permission to reply to Musk in Tesla case
FILE PHOTO: SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2019. REUTERS/Mike Blake (Reuters) – The U.S.… Continue reading UPDATE 1-U.S. SEC seeks permission to reply to Musk in Tesla case