FILE PHOTO: A man walks past Ford cars at a showroom in Moscow, Russia, December 4, 2015. REUTERS/Maxim Zmeyev MOSCOW (Reuters) – Ford Motor Co is considering closing two major plants in Russia as part of its global plan to restructure operations in unprofitable regions, three industry sources told Reuters. Faced with fourth-quarter losses in… Continue reading Ford discussing closure of two Russian plants: sources
Author: Ritters US Newsfeed
UPDATE 2-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 UPDATE 2-BMW could shift some UK engine, Mini output if no orderly Brexit
China suspends customs clearance for Tesla Model 3 imports – Caixin
FILE PHOTO: A Tesla Model 3 car leaves a cargo vessel at a port in Shanghai, China February 22, 2019. REUTERS/Stringer BEIJING/SHANGHAI (Reuters) – China’s customs authority has suspended customs clearance procedures for Model 3 cars built by Tesla Inc, the financial publication Caixin reported on Tuesday. The report said the customs authority in Shanghai… Continue reading China suspends customs clearance for Tesla Model 3 imports – Caixin
Israel’s Innoviz raising $100 mln in private funding -report
TEL AVIV (Reuters) – Innoviz Technologies, an Israeli maker of laser-based lidar sensors for self-driving cars, is raising $100 million in private investment at a company valuation of $500 million, the Calcalist financial news website said on Tuesday. Among the lead investors in this round is a large Chinese investment firm, the website said. When… Continue reading Israel’s Innoviz raising $100 mln in private funding -report
UPDATE 1-Musk says $35,000 Model 3 to reach volume production mid-year
(Adds background) March 4 (Reuters) – Tesla Inc Chief Executive Officer Elon Musk said on Monday production of the $35,000 version of the electric carmaker’s Model 3 will start this month, but would not reach “volume production” until mid-year. “Gap in understanding is that $35k Model 3 production *starts* this month, but will not reach… Continue reading UPDATE 1-Musk says $35,000 Model 3 to reach volume production mid-year
VW signs e-vehicle startup as first partner for production platform
FRANKFURT (Reuters) – Volkswagen has signed German start-up e.GO Mobile as the first external partner for its modular platform for electric vehicles (EV), as it seeks to simplify production across a variety of models. A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. Picture taken… Continue reading VW signs e-vehicle startup as first partner for production platform
Electric scooter sharing firm VOI raises $30 mln for European expansion
STOCKHOLM (Reuters) – Electric scooter sharing firm VOI Technology has raised $30 million in another fundraising round since being set up seven months ago for its European expansion and investment in research to fend off growing competition, it said on Monday. Uber Technologies Inc, Alphabet and several other high-profile investors are betting scooter-sharing will rise… Continue reading Electric scooter sharing firm VOI raises $30 mln for European expansion
Head of French carmaker PSA says Europe’s CO2 cuts will threaten jobs: Le Figaro
FILE PHOTO – A PSA Group logo is seen behind a car displayed during French carmaker’s news conference as they announce the company’s 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann PARIS (Reuters) – The EU’s plans to slash carbon dioxide (CO2) emissions from vehicles and push carmakers… Continue reading Head of French carmaker PSA says Europe’s CO2 cuts will threaten jobs: Le Figaro
Porsche says it is dealing with tax investigation issues
FRANKFURT (Reuters) – Volkswagen’s Porsche unit on Sunday said it was cooperating with state prosecutors to clear up investigations into alleged tax debts related to early retirees and taxable benefits enjoyed by former top executives. The 2020 Porsche 911 Carrera 4S is introduced during a Porsche press conference at the Los Angeles Auto Show in… Continue reading Porsche says it is dealing with tax investigation issues
UPDATE 1-U.S. safety agencies to investigate fatal Tesla crash in Florida
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) and the National Transportation Safety Board (NTSB) said they are sending teams to investigate a fatal crash in Florida on Friday involving a Tesla Inc car and a semi-trailer. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in… Continue reading UPDATE 1-U.S. safety agencies to investigate fatal Tesla crash in Florida