MILAN, Jan 16 (Reuters) – European car registrations fell 8.7 percent year-on-year in December, with sales at all major carmakers except Daimler and Jaguar Land Rover contracting as the introduction of tougher new emissions tests continued to weigh on demand. Registrations fell to 1.04 million cars in the European Union (EU) and European Free Trade… Continue reading European car sales drop 8.7 percent in December – ACEA
Author: Ritters US Newsfeed
Ford and IBM among quartet in Congo cobalt blockchain project
LONDON (Reuters) – Carmaker Ford (F.N), technology giant IBM (IBM.N), South Korean cathode maker LG Chem (051910.KS) and China’s Huayou Cobalt (603799.SS) have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The logo is seen on the bonnet of a new Ford Aspire car during its launch… Continue reading Ford and IBM among quartet in Congo cobalt blockchain project
Nissan plans to file for damages against Ghosn: source
TOKYO (Reuters) – Nissan Motor Co Ltd plans to file a civil suit against ousted chairman Carlos Ghosn to claim damages resulting from the alleged misuse of company funds, a person with knowledge of the issue said, adding to the high-profile executive’s legal headaches. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance,… Continue reading Nissan plans to file for damages against Ghosn: source
Industry must rein in spend on electric, self-driving cars -Magna CEO
DETROIT (Reuters) – Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said Tuesday. FILE PHOTO: Magna CEO Don Walker speaks during the company’s Annual Shareholder Meeting in Toronto, May… Continue reading Industry must rein in spend on electric, self-driving cars -Magna CEO
Citi says chance of delay to Brexit now “very high”
FILE PHOTO: The logo of Citibank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha LONDON (Reuters) – U.S. investment bank Citi (C.N) said on Tuesday there is now a “very high” chance that Brexit will be delayed past March 29, after lawmakers defeated Prime Minister Theresa May’s Brexit divorce… Continue reading Citi says chance of delay to Brexit now “very high”
France seeks Renault board meeting to replace CEO Ghosn: sources
FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris, France, September 15, 2017. REUTERS/Philippe Wojazer PARIS (Reuters) – The French government is moving to dismiss Renault’s (RENA.PA) scandal-hit Chairman and Chief Executive Carlos Ghosn, and has requested a board meeting to consider candidates to replace him,… Continue reading France seeks Renault board meeting to replace CEO Ghosn: sources
Fiat Chrysler looking at options to plug hole in its truck lineup -CEO
CEO of Fiat Chrysler Automobiles (FCA) Mike Manley attends the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Rebecca Cook DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) Chief Executive Mike Manley told Reuters on Tuesday he is open to partnerships to develop a new midsize pickup truck the automaker could… Continue reading Fiat Chrysler looking at options to plug hole in its truck lineup -CEO
Ford-VW sign memorandum to jointly develop EVs and self-driving vehicles
DETROIT, Jan 15 (Reuters) – VW CEO says in copy of speech: Ford and VW have signed memorandum of understanding to jointly develop electric and self-driving vehicles VW CEO says will share platforms and parts with Ford on pickups and vans in the alliance VW CEO says building vans in Ford’s turkey plant is an… Continue reading Ford-VW sign memorandum to jointly develop EVs and self-driving vehicles
Volkswagen, Ford set alliance centered on vans, pickups
DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) on Tuesday set an alliance that combines forces on commercial vans and pickups and said they were exploring expanding into joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars. The President and CEO of Ford Motor Company… Continue reading Volkswagen, Ford set alliance centered on vans, pickups
VW CEO says hopes U.S. investments help avoid tariffs against EU
DETROIT, Jan 14 (Reuters) – Volkswagen’s Chief Executive Herbert Diess said an $800 million investment to build a new electric car in Chattanooga, Tennessee should help ease tensions with United States President Donald Trump. “We hope that with the investment in Chattanooga we could make a contribution, step forward, to avoid tariffs between Europe and… Continue reading VW CEO says hopes U.S. investments help avoid tariffs against EU