BEIJING/SHANGHAI (Reuters) – The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed. A building of the Geely Auto Research Institute is seen… Continue reading British Lotus cars to be ‘Made in China’ at new Geely plant: documents
Author: Ritters US Newsfeed
Hyundai, Kia issue new U.S. recall of 168,000 vehicles for fire risks
WASHINGTON (Reuters) – Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) said on Wednesday they will recall about 168,000 U.S. vehicles at risk of fuel leaks, after recalling them in 2017 for engine fire risks, and will offer software upgrades for 3.7 million vehicles. Employees of Hyundai Motor Group attend the company’s new… Continue reading Hyundai, Kia issue new U.S. recall of 168,000 vehicles for fire risks
Kia issues new U.S. recall of 68,000 vehicles for fire risks
The Kia logo is seen on a vehicle at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – Kia Motors Corp (000270.KS) said on Wednesday it would recall 68,000 U.S. vehicles at risk of fuel leaks after it previously recalled them in 2017 for engine fire… Continue reading Kia issues new U.S. recall of 68,000 vehicles for fire risks
London taxi maker names former Audi executive as new CEO
FILE PHOTO: A London Electric Vehicle Company (LEVC) TX electric black taxi driving on the streets of central London, Britain, April 2, 2018. REUTERS/Hannah McKay (Reuters) – The London Electric Vehicle Company (LEVC), which makes the city’s popular black taxis, named former Audi executive Joerg Hofmann as its new chief executive, succeeding Chris Gubbey who… Continue reading London taxi maker names former Audi executive as new CEO
Carmaker JLR urges UK lawmakers to prevent a no-deal Brexit
A worker arrives at Jaguar Land Rover’s Halewood Plant in Liverpool, Britain, January 10, 2019. REUTERS/Phil Noble LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) urged MPs to rule out the possibility that the country leaves the European Union without a deal, to prevent companies from having to make costly contingency planning. JLR… Continue reading Carmaker JLR urges UK lawmakers to prevent a no-deal Brexit
Ferrari chairman reiterates support for CEO Camilleri
FILE PHOTO: New Ferrari’s CEO Louis Carey Camilleri arrives at the memorial service held in honor of former CEO Sergio Marchionne in Turin, Italy, September 14, 2018. REUTERS/Massimo Pinca/File Photo MILAN (Reuters) – John Elkann, chairman of Ferrari (RACE.MI) and main shareholder in Exor (EXOR.MI), reiterated his support for Ferrari chief executive Louis Camilleri, denying… Continue reading Ferrari chairman reiterates support for CEO Camilleri
Ford sees weaker-than-expected fourth quarter, uncertainty in 2019
DETROIT (Reuters) – Ford Motor Co (F.N) forecast a weaker fourth quarter than analysts expected, and said on Wednesday it faced uncertainty in 2019 due to trade issues and Britain’s exit from the European Union, sending its shares down 2 percent in premarket trading. FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal… Continue reading Ford sees weaker-than-expected fourth quarter, uncertainty in 2019
UPDATE 1-Ford forecasts weaker-than-expected fourth quarter profit
FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday offered a fourth-quarter earnings forecast that was below Wall Street’s expectations. The No. 2 U.S. automaker said it could… Continue reading UPDATE 1-Ford forecasts weaker-than-expected fourth quarter profit
Ford forecasts higher 2019 profit
FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday forecast higher profit and revenue in 2019 as global industry sales remain flat. For 2018, the No. 2 U.S.… Continue reading Ford forecasts higher 2019 profit
German carmakers warn hard Brexit would be “fatal”
FRANKFURT (Reuters) – German carmakers on Wednesday warned of fatal consequences if Britain left the European Union without a divorce deal, predicting job losses in Britain and Europe and urging lawmakers to redouble efforts to ensure tariff-free trade can continue. FILE PHOTO: Cars for export stand in a parking area at a shipping terminal in… Continue reading German carmakers warn hard Brexit would be “fatal”