FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Thursday it was canceling two additional shifts at its Warren Truck and Sterling Heights Assembly plants after CMS Energy Corp made… Continue reading Fiat Chrysler cancels shifts due to strains on utility
Author: Ritters US Newsfeed
Musk not worried about Tesla Model 3 demand, Wall Street thinks otherwise
(Reuters) – Tesla Inc shares fell on Thursday as Wall Street wondered if demand for its mass market Model 3 sedan could be sustained while it tries to make substantial inroads in China. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly… Continue reading Musk not worried about Tesla Model 3 demand, Wall Street thinks otherwise
UPDATE 1-Ferrari’s CEO “bullish” about earnings, shares jump
MILAN (Reuters) – Ferrari expects growth in core earnings to accelerate to 10 percent this year and Chief Executive Louis Camilleri said he might raise targets for 2020, betting on new models and special editions at premium prices to lure customers. FILE PHOTO – A group of Ferrari owners park their cars to show on… Continue reading UPDATE 1-Ferrari’s CEO “bullish” about earnings, shares jump
Fiat Chrysler cancels additional shifts at two plants after utility fire
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said Thursday it is cancelling two additional shifts at its Warren Truck and Sterling Heights Assembly plants after CMS Energy Corp made an… Continue reading Fiat Chrysler cancels additional shifts at two plants after utility fire
Ride-hailing companies suspend Barcelona services after new regulations
MADRID (Reuters) – Ride-hailing companies Uber and Cabify are to suspend their services in Barcelona in response to the regional government’s imposition of limits on how they operate in the city. FILE PHOTO – The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay The Catalan government ruled… Continue reading Ride-hailing companies suspend Barcelona services after new regulations
Ferrari Q4 core earnings up 6 pct, shares rise
FILE PHOTO – A group of Ferrari owners park their cars to show on display at the SVGT car enthusiast gathering in San Diego, California, U.S., April 28, 2018 REUTERS/Mike Blake/File Photo MILAN (Reuters) – Italian luxury maker Ferrari on Thursday posted an expected 6 percent rise in fourth-quarter core earnings, helped by positive performance… Continue reading Ferrari Q4 core earnings up 6 pct, shares rise
GM halts operations at 11 Michigan plants after utility’s appeal
FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio WASHINGTON (Reuters) – General Motors Co said late Wednesday it will suspend operations at 11 Michigan plants and its Warren Tech Center, after a utility made an emergency appeal to users to… Continue reading GM halts operations at 11 Michigan plants after utility’s appeal
UPDATE 1-China’s Didi weighs job cuts in support functions – The Information
FILE PHOTO: The logo of Didi Chuxing is seen at its headquarters building in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo REUTERS/Stringer BEIJING (Reuters) – Chinese ride-hailing company Didi Chuxing is looking at cutting headcount in some departments by up to 20 percent, technology news website The Information reported, citing a source. The layoffs… Continue reading UPDATE 1-China’s Didi weighs job cuts in support functions – The Information
Tesla CFO leaves as automaker promises profits and cheaper cars
(Reuters) – Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle… Continue reading Tesla CFO leaves as automaker promises profits and cheaper cars
VW aims to open e-vehicle platform to competitors – Tagesspiegel
FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker/File Photo BERLIN (Reuters) – Volkswagen is in advanced talks with competitors over opening its modular MEB platform for the mass production of electric vehicles to rivals, German paper… Continue reading VW aims to open e-vehicle platform to competitors – Tagesspiegel