A charging plug for the battery for the eNiro Kia electric car is pictured at the 89th Geneva International Motor Show in Geneva, Switzerland March 6, 2019. REUTERS/Denis Balibouse SEOUL (Reuters) – Kia Motors may halt operations at its No.1 plant in China as part of its longer-term efforts to enhance competitiveness, a source familiar… Continue reading Kia Motors considers suspending its No.1 plant in China: source
Author: Ritters US Newsfeed
Hyundai Motor in talks with investors to develop headquarters project
FILE PHOTO: The logo of Hyundai Motor is seen on wall at a event of Hyundai Motor Co’s new Accent in Mexico City, Mexico August 2, 2017. REUTERS/Henry Romero SEOUL (Reuters) – Hyundai Motor Co (005380.KS) is in talks with potential investors to develop its new headquarters planned for the South Korean capital of Seoul… Continue reading Hyundai Motor in talks with investors to develop headquarters project
Volkswagen’s emissions problems cost the carmaker 3.6 billion euros in 2018: source
FILE PHOTO: A Volkswagen badge on a production line at the Volkswagen plant in Wolfsburg, Germany, March 1, 2019. REUTERS/Fabian Bimmer FRANKFURT (Reuters) – Volkswagen’s effort to get its fleet of cars certified according to the new WLTP emissions standard have cost the carmaker up to 3.6 billion euros ($4.04 billion) in 2018, a source… Continue reading Volkswagen’s emissions problems cost the carmaker 3.6 billion euros in 2018: source
UPDATE 1-Tesla enters into agreement with Chinese lenders for Gigafactory
FILE PHOTO: FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song (Reuters) – Tesla Inc said on Thursday it signed an agreement with lenders in China for a 12-month facility of up to 3.5 billion yuan ($521 million) for the electric… Continue reading UPDATE 1-Tesla enters into agreement with Chinese lenders for Gigafactory
BMW’s China electric car export plans on hold amid tariff uncertainty
GENEVA (Reuters) – BMW’s ambitions to establish China as a hub for exporting electric cars are in limbo because of uncertainty over potential trade tariffs between China and the United States, company executives told Reuters. FILE PHOTO: A BMW logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.… Continue reading BMW’s China electric car export plans on hold amid tariff uncertainty
Shanghai Construction Group to build first phase of Tesla’s Shanghai plant – media
FILE PHOTO: The land of Tesla Gigafactory at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – State-owned Shanghai Construction Group (SCG) will build the first phase of U.S. electric carmaker Tesla’s factory in Shanghai, a news portal reported on Thursday. Xu Jiandong, a vice-president… Continue reading Shanghai Construction Group to build first phase of Tesla’s Shanghai plant – media
Amazon to close all U.S. pop-up stores
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc will close all of its U.S. pop-up stores and focus instead on opening more book stores, a company spokesperson said on Wednesday. The company’s shares closed down 1.4 percent at… Continue reading Amazon to close all U.S. pop-up stores
Last Chevrolet Cruze in Ohio built amid GM restructuring
(Reuters) – General Motors Co said the last Chevrolet Cruze rolled off the assembly line Wednesday afternoon at its Lordstown, Ohio, assembly plant, the first of five plants in North America to end production this year and ending U.S. production of the Cruze. A view of the entrance to the West Plant at the General… Continue reading Last Chevrolet Cruze in Ohio built amid GM restructuring
Spain’s Cabify returns to Barcelona under new restrictions
MADRID, March 6 (Reuters) – Spanish ride-hailing service Cabify said on Wednesday it will return to the northeastern city of Barcelona on Thursday but will operate under strict new regulations after the local government caved in to the demands of striking taxi drivers. In January, taxi drivers in Barcelona and Madrid shut down services and… Continue reading Spain’s Cabify returns to Barcelona under new restrictions
Volvo Cars warns of pulling electric cars out of United States – FT
FILE PHOTO: The Volvo logo is seen during the media preview of the 2016 New York International Auto Show in Manhattan, New York, March 24, 2016. REUTERS/Brendan McDermid (Reuters) – Volvo Cars, owned by China’s Zhejiang Geely Holding Group Co, will not sell its all-electric Polestar models in the United States if the company faces… Continue reading Volvo Cars warns of pulling electric cars out of United States – FT