WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models… Continue reading Volkswagen warns on jobs as margins slip, electric plans accelerate
Author: Ritters US Newsfeed
Volkswagen to unveil U.S. plan at end of first quarter, mulls further China steps in 2019
Herbert Diess, CEO of German carmaker Volkswagen is surrounded by media during the annual news conference at the Volkswagen plant in Wolfsburg, Germany March 12, 2019. REUTERS/Fabian Bimmer WOLFSBURG (Reuters) – Volkswagen will decide whether it makes sense to raise its stake in Chinese joint venture companies toward the end of this year or beginning… Continue reading Volkswagen to unveil U.S. plan at end of first quarter, mulls further China steps in 2019
UPDATE 4-VW warns on jobs as margins slip, electric plans accelerate
WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models… Continue reading UPDATE 4-VW warns on jobs as margins slip, electric plans accelerate
CORRECTED-GM’s Cruise unit to double headcount (March 11)
FILE PHOTO: A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. REUTERS/Heather Somerville (The March 11 story corrects paragraph 1 to clarify statement was from General Motors unit Cruise) (Reuters) –… Continue reading CORRECTED-GM’s Cruise unit to double headcount (March 11)
UPDATE 1-CERAWEEK-Ford chairman praises CEO, mulls lithium venture
HOUSTON (Reuters) – Ford Motor Co Executive Chairman Bill Ford said on Tuesday that he is very confident in Chief Executive James Hackett’s leadership and that the automaker is considering striking supply deals with a lithium producer. FILE PHOTO – Newly named Ford Motor Company president and CEO James Hackett answers questions from the media… Continue reading UPDATE 1-CERAWEEK-Ford chairman praises CEO, mulls lithium venture
Uber to pay $20 million to settle long-running legal battle with drivers
SAN FRANCISCO, March 12 (Reuters) – Uber Technologies Inc has agreed to pay $20 million to settle a lawsuit brought by drivers nearly six years ago, according to court filings, resolving one of its many legal battles with drivers ahead of a hotly anticipated initial public offering this year. Drivers for the ride-hailing company argued… Continue reading Uber to pay $20 million to settle long-running legal battle with drivers
Honda to recall 1.2 million vehicles in North America to replace Takata airbags
WASHINGTON (Reuters) – Honda Motor Co said on Tuesday it would recall 1.2 million Honda and Acura vehicles in North America to replace defective Takata airbags on the driver’s side. The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy The company said here it… Continue reading Honda to recall 1.2 million vehicles in North America to replace Takata airbags
CORRECTED-UPDATE 3-VW warns on jobs as margins slip, electric plans accelerate
WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models by 2028, aiming to put itself at the forefront… Continue reading CORRECTED-UPDATE 3-VW warns on jobs as margins slip, electric plans accelerate
CERAWEEK-Ford Motor chairman says ‘very’ confident in CEO Hackett
FILE PHOTO – Newly named Ford Motor Company president and CEO James Hackett answers questions from the media during a press conference at Ford Motor World Headquarters in Dearborn, Michigan, U.S., May 22, 2017. REUTERS/Rebecca Cook HOUSTON (Reuters) – Ford Motor Co Executive Chairman Bill Ford said on Tuesday he is very confident in Chief… Continue reading CERAWEEK-Ford Motor chairman says ‘very’ confident in CEO Hackett
VW CEO expects software to make up 90 pct of auto industry innovation
WOLFSBURG, Germany, March 12 (Reuters) – Volkswagen will ramp up its hiring of software experts to ensure that the car and truck maker stays at the forefront of innovation in an industry geared toward refining mechanical, rather than software components. “Software will account for 90 percent of future innovations in the car,” Herbert Diess told… Continue reading VW CEO expects software to make up 90 pct of auto industry innovation