March 6 (Reuters) – Carlos Ghosn, the ousted chairman of Nissan Motor, said he was innocent and committed to fighting the “meritless and unsubstantiated” accusations against him, according to a statement ahead of his expected release from prison on bail. “I am extremely grateful for my family and friends who have stood by me throughout… Continue reading Ousted Nissan boss Ghosn says will fight ‘meritless’ charges -statement
Author: Ritters US Newsfeed
UPDATE 3-BMW could shift some UK engine, Mini output if no orderly Brexit
GENEVA (Reuters) – BMW could move some production of engines and its Mini model out of Britain if the country does not secure an orderly departure from the European Union, the German carmaker said on Tuesday, in the latest Brexit warning from the auto industry. Britain, the world’s fifth-largest economy, is due to leave the… Continue reading UPDATE 3-BMW could shift some UK engine, Mini output if no orderly Brexit
Fiat Chrysler open to mergers but rules out Maserati sale
GENEVA (Reuters) – Fiat Chrysler (FCA) is open to pursuing alliances and merger opportunities if they make sense but a sale of its luxury brand Maserati is not an option, Chief Executive Mike Manley said in Geneva on Tuesday. FILE PHOTO: The Maserati logo is seen during the first press day of the Paris auto… Continue reading Fiat Chrysler open to mergers but rules out Maserati sale
Ford considers closing two Russian plants: sources
MOSCOW (Reuters) – Ford Motor Co is considering closing two plants in Russia as part of its global plan to restructure operations in unprofitable regions, three industry sources told Reuters. FILE PHOTO: A man walks past Ford cars at a showroom in Moscow, Russia, December 4, 2015. REUTERS/Maxim Zmeyev If the closures go ahead, Ford… Continue reading Ford considers closing two Russian plants: sources
UPDATE 1-Fiat Chrysler open to mergers but rules out Maserati sale
GENEVA (Reuters) – Fiat Chrysler (FCA) is open to pursuing alliances and merger opportunities if they make sense but a sale of its luxury brand Maserati is not an option, Chief Executive Mike Manley said in Geneva on Tuesday. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn… Continue reading UPDATE 1-Fiat Chrysler open to mergers but rules out Maserati sale
UPDATE 1-Ford considers closing two Russian plants -sources
MOSCOW (Reuters) – Ford Motor Co is considering closing two plants in Russia as part of its global plan to restructure operations in unprofitable regions, three industry sources told Reuters. FILE PHOTO: A man walks past Ford cars at a showroom in Moscow, Russia, December 4, 2015. REUTERS/Maxim Zmeyev If the closures go ahead, Ford… Continue reading UPDATE 1-Ford considers closing two Russian plants -sources
UPDATE 1-Harley-Davidson scoots into kids electric bikes with StaCyc deal
FILE PHOTO: A Harley-Davidson Inc. logo is seen at the Paris auto show in Paris, France, October 4, 2018. REUTERS/Benoit Tessier (Reuters) – Harley-Davidson Inc moved into kids electric bikes on Tuesday with the purchase of California-based StaCyc Inc, banking on a new business outside its declining core market in classic motorcycles. “The StaCyc electric… Continue reading UPDATE 1-Harley-Davidson scoots into kids electric bikes with StaCyc deal
Harley-Davidson scoots into kids electric bikes with StaCyc deal
FILE PHOTO: A Harley-Davidson Inc. logo is seen at the Paris auto show in Paris, France, October 4, 2018. REUTERS/Benoit Tessier (Reuters) – Harley-Davidson Inc moved into kids electric bikes on Tuesday with the purchase of California-based StaCyc Inc, banking on a new business outside its declining core market in classic motorcycles. “The StaCyc electric… Continue reading Harley-Davidson scoots into kids electric bikes with StaCyc deal
Daimler open to sharing battery cell design with rivals
FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke GENEVA (Reuters) – Daimler is open to collaborating with a rival on the design of electric car battery cells as carmakers struggle to bring down the costs of launching electric cars, research and development… Continue reading Daimler open to sharing battery cell design with rivals
BMW could shift some UK engine, Mini output if no orderly Brexit
GENEVA (Reuters) – BMW could move some production of engines and its Mini model out of Britain if the country does not secure an orderly departure from the European Union, the German carmaker said on Tuesday, in the latest Brexit warning from the auto industry. Workers assemble cars at the plant for the Mini range… Continue reading BMW could shift some UK engine, Mini output if no orderly Brexit