SAO PAULO (Reuters) – General Motors Co (GM.N) has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday. The GM logo is seen at the General Motors headquarters in Sao Caetano do Sul, Brazil March… Continue reading UPDATE 1-GM warns workers in Brazil on losses, tough turnaround plan
Author: Ritters US Newsfeed
GM warns workers in Brazil on losses, tough turnaround plan
SAO PAULO (Reuters) – General Motors Co (GM.N) has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday. The GM logo is seen at the General Motors headquarters in Sao Caetano do Sul, Brazil March… Continue reading GM warns workers in Brazil on losses, tough turnaround plan
Motor racing-Stoll stays as Renault Sport president after Koskas leaves
PARIS, Jan 18 (Reuters) – Jerome Stoll will stay on as president of Renault Sport Racing, which includes the Formula One team, after the sudden departure of Thierry Koskas, the executive who was supposed to replace him. Koskas, who was a member of Renault’s executive committee reporting to chairman and chief executive Carlos Ghosn, was… Continue reading Motor racing-Stoll stays as Renault Sport president after Koskas leaves
UPDATE 5-Tesla cuts jobs as it looks to make Model 3 more affordable
(Reuters) – Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent. The company, which has struggled to achieve long-term profitability and keep a tight lid… Continue reading UPDATE 5-Tesla cuts jobs as it looks to make Model 3 more affordable
Volkswagen to offer diesel trade-in incentives in all of Germany: Bild
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 BERLIN (Reuters) – German carmaker Volkswagen (VOWG_p.DE) will offer trade-in incentives to owners of older diesel vehicles in all of Germany and not just in the 14 cities… Continue reading Volkswagen to offer diesel trade-in incentives in all of Germany: Bild
Tesla to cut workforce by 7 percent, sees small fourth-quarter profit
(Reuters) – Tesla Inc (TSLA.O) said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower priced versions of its crucial Model 3 sedan, sending its shares down 7 percent. FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone… Continue reading Tesla to cut workforce by 7 percent, sees small fourth-quarter profit
Climate plans could make Germany’s ‘no limits’ Autobahns history
FILE PHOTO: Cars pass a 120 km/h (75 mph) speed limit sign on the A27 Autobahn near the northern German city of Bremen April 10, 2008. REUTERS/Morris Mac Matzen BERLIN (Reuters) – The days of unlimited speeding on Germany’s famously fast Autobahns could be over if the government adopts a series of draft proposals on… Continue reading Climate plans could make Germany’s ‘no limits’ Autobahns history
UPDATE 2-Tesla to cut workforce by 7 pct, sees smaller Q4 profit
(Reuters) – Tesla Inc (TSLA.O) said it would cut thousands of jobs to rein in costs as it ramps up production of its crucial Model 3 sedan, and the electric car maker expects fourth-quarter profit to be lower than the previous quarter, sending its shares down 7 percent. FILE PHOTO: The logo of Tesla is… Continue reading UPDATE 2-Tesla to cut workforce by 7 pct, sees smaller Q4 profit
Gripped by Ghosn crisis, Renault expects slight sales growth
PARIS (Reuters) – Renault (RENA.PA) expects to deliver sales growth in 2019, despite the imminent ouster of Chairman and Chief Executive Carlos Ghosn and tension with alliance partner Nissan (7201.T). The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler… Continue reading Gripped by Ghosn crisis, Renault expects slight sales growth
Renault targets 2019 sales growth after a 3.2 percent gain in 2018
The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a 3.2 percent increase in 2018 vehicle sales, boosted by a new Chinese joint venture, and pledged further “slight growth” this year… Continue reading Renault targets 2019 sales growth after a 3.2 percent gain in 2018