SEOUL (Reuters) – Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday, as it reels from tumbling sales and massive overcapacity in its biggest market. FILE PHOTO: Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of… Continue reading UPDATE 2-Hyundai may suspend production at one of its Chinese plants as slowdown bites
Author: Ritters US Newsfeed
Hyundai may suspend production at one of its Chinese plants as slowdown bites
SEOUL (Reuters) – Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday, as it reels from tumbling sales and massive overcapacity in its biggest market. FILE PHOTO: Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of… Continue reading Hyundai may suspend production at one of its Chinese plants as slowdown bites
Ousted Nissan boss Ghosn leaves Japan jail after $9 million bail
TOKYO (Reuters) – Ousted Nissan boss Carlos Ghosn walked out of a Tokyo prison on a $9 million bail on Wednesday, slipping past reporters in a face mask and moving closer to mounting a defense against financial misconduct charges that he has called “meritless”. Ghosn, among the world’s most prominent auto executives whose dramatic rescue… Continue reading Ousted Nissan boss Ghosn leaves Japan jail after $9 million bail
UPDATE 3-Ex-Nissan chair Ghosn to leave jail, says to fight Japan’s “meritless” charges
TOKYO (Reuters) – Ousted Nissan Motor Chairman Carlos Ghosn has posted $9 million in bail, paving the way for his release from jail as early as Wednesday and giving the executive fresh impetus to craft his defense against financial misconduct charges in Japan. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends… Continue reading UPDATE 3-Ex-Nissan chair Ghosn to leave jail, says to fight Japan’s “meritless” charges
Ghosn posts bail, set to leave jail cell after more than 100 days
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau TOKYO (Reuters) – Ousted Nissan Motor Chairman Carlos Ghosn has posted $9 million in bail, paving the way for… Continue reading Ghosn posts bail, set to leave jail cell after more than 100 days
Carlos Ghosn, jailed for more than 100 days, set to be released on bail
TOKYO (Reuters) – Former Nissan Motor Co Chairman Carlos Ghosn was set to be released on an $8.9 million bail on Wednesday, giving the once-feted executive fresh impetus to build a defense against what he has called “meritless” financial misconduct charges. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow… Continue reading Carlos Ghosn, jailed for more than 100 days, set to be released on bail
Tesla blames misprinted label for China customs hiccup
BENGALURU/SHANGHAI (Reuters) – Tesla Inc said on Tuesday that China’s customs authorities have accepted the electric carmaker’s plan to resolve problems with the clearance of its Model 3 sedans that centered around misprinting of labels. FILE PHOTO: A Tesla Model 3 car leaves a cargo vessel at a port in Shanghai, China February 22, 2019.… Continue reading Tesla blames misprinted label for China customs hiccup
VW says driverless vehicles have limited appeal and high cost
GENEVA, March 5 (Reuters) – Fully autonomous vehicles will take at least another five years to perfect, with the cost and complexity of rolling out the technology globally serving to undermine the business case, Volkswagen’s head of commercial vehicles said. Autonomous cars require high-tech infrastructure, hugely expensive lidar and radar systems, as well as pricey… Continue reading VW says driverless vehicles have limited appeal and high cost
China agrees to Tesla remedy for Model 3 customs block: source
BENGALURU/SHANGHAI (Reuters) – China’s customs authorities have accepted Tesla Inc’s plan to remedy problems with the clearance of imported cars, a source familiar with the matter told Reuters on Tuesday. FILE PHOTO: A Tesla Model 3 car leaves a cargo vessel at a port in Shanghai, China February 22, 2019. REUTERS/Stringer Financial publication Caixin reported… Continue reading China agrees to Tesla remedy for Model 3 customs block: source
China agrees on solution to Tesla customs issue: source
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) – China’s customs authorities have accepted electric carmaker Tesla Inc’s plan to remedy problems with the clearance of imported cars, a source familiar with the matter told Reuters. Tesla shares fell… Continue reading China agrees on solution to Tesla customs issue: source