CORRECTED-GM to invest $22 mln in Tennessee plant

The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo (Reuters) – General Motors Co said on Thursday it will invest $22 million at its Tennessee plant to build fuel-efficient engines. The U.S. automaker also said it would add more than 200 jobs at the Spring Hill plant for… Continue reading CORRECTED-GM to invest $22 mln in Tennessee plant

Jaguar Land Rover to halt production for a week in April due to Brexit

FILE PHOTO: Signs are seen outside the Jaguar Land Rover plant at Halewood in Liverpool, northern England, September 12 , 2016. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover said on Thursday there would be a week-long pause in production in April due to potential disruption from Brexit which would affect… Continue reading Jaguar Land Rover to halt production for a week in April due to Brexit

Audi to cut $17 billion by 2022: Manager Magazin

FILE PHOTO: The logo of Audi is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Regis Duvignau/File Photo BERLIN (Reuters) – Volkswagen’s (VOWG_p.DE) premium brand Audi (NSUG.DE) wants to cut costs by 15 billion euros ($17.02 billion) by 2022, Germany’s Manager Magazin business monthly reported on… Continue reading Audi to cut $17 billion by 2022: Manager Magazin

New Renault chairman Senard to focus on alliance with Nissan, Mitsubishi

Jean-Dominique Senard, newly-appointed Chairman of Renault, and Thierry Bollore, newly-appointed Chief Executive Officer of Renault, talk to journalists after French carmaker Renault’s board of directors meeting in Boulogne-Billancourt, near Paris, France, January 24, 2019. REUTERS/Philippe Wojazer PARIS (Reuters) – Jean-Dominique Senard, the new chairman of French carmaker Renault (RENA.PA), said he would focus on talks… Continue reading New Renault chairman Senard to focus on alliance with Nissan, Mitsubishi

DAVOS-VW says trade war big concern, in talks to avoid U.S. import tariffs

DAVOS, Switzerland, Jan 24 (Reuters) – Volkswagen Group has a “big concern” over slowing consumer demand in China resulting from the Sino-U.S. trade war, but believes it can still “grow slightly” and there will be a deal between the two countries, its chief executive said on Thursday. Herbert Diess told the World Economic Forum in… Continue reading DAVOS-VW says trade war big concern, in talks to avoid U.S. import tariffs

Renault confirms Senard as new chairman, Bollore as CEO

Jean-Dominique Senard, newly-appointed Chairman of Renault, and Thierry Bollore, newly-appointed Chief Executive Officer of Renault, talk to journalists after French carmaker Renault’s board of directors meeting in Boulogne-Billancourt, near Paris, France, January 24, 2019. REUTERS/Philippe Wojazer PARIS (Reuters) – French carmaker Renault (RENA.PA) on Thursday confirmed the appointment of Michelin’s (MICP.PA) Jean-Dominique Senard as its… Continue reading Renault confirms Senard as new chairman, Bollore as CEO

Audi’s Hungarian plant closed by strike in blow to economy

BUDAPEST, Jan 24 (Reuters) – Audi’s Hungarian factory, one of the largest production plants in the Volkswagen group, shut on Thursday as workers began a one-week strike for higher wages. A union representing more than half of the plant’s 13,000 workers said it was ready to go the full 168 hours to force a deal,… Continue reading Audi’s Hungarian plant closed by strike in blow to economy

UPDATE 3-Hyundai Motor suffers first net loss in 8 years as China sales skid

SEOUL (Reuters) – South Korea’s Hyundai Motor (005380.KS) surprised the market on Thursday by posting its first quarterly net loss in at least eight years as its vehicle sales slumped in the key China market. FILE PHOTO – Hyundai Motor’s vehicles are displayed at a Hyundai Motorstudio in Goyang, South Korea May 29, 2017. REUTERS/Kim… Continue reading UPDATE 3-Hyundai Motor suffers first net loss in 8 years as China sales skid

REFILE-UPDATE 1-Boeing’s flying car lifts off in race to revolutionize urban travel

SEATTLE (Reuters) – Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services. Boeing’s Autonomous Passenger Air Vehicle (PAV) prototype is shown during an inaugural test flight,… Continue reading REFILE-UPDATE 1-Boeing’s flying car lifts off in race to revolutionize urban travel

Pensions, one-time charges push Ford to fourth-quarter loss

DETROIT, Jan 23 (Reuters) – Ford Motor Co on Wednesday posted a fourth-quarter loss, which it attributed partly to one-time charges, including pension-related costs. The No. 2 U.S. automaker posted a loss of $116 million or 3 cents a share, down from a net profit of $2.5 billion or 63 cents a share in the… Continue reading Pensions, one-time charges push Ford to fourth-quarter loss