Toyota Motor Corp’s logo is pictured on a car in Tokyo, Japan, November 8, 2016. REUTERS/Kim Kyung-Hoon WASHINGTON (Reuters) – Toyota Motor Corp (7203.T) said Wednesday it is recalling another 1.7 million vehicles worldwide for potentially faulty Takata air bag inflators as part of a multi-year industry recall campaign announced in 2016. Automakers are adding… Continue reading Toyota recalls 1.7 million vehicles worldwide over air bag inflators
Author: Ritters US Newsfeed
Toyota recalling 1.3 million U.S. vehicles for air bag inflators
Toyota Motor Corp’s logo is pictured on a car in Tokyo, Japan, November 8, 2016. REUTERS/Kim Kyung-Hoon WASHINGTON (Reuters) – Toyota Motor Corp (7203.T) said Wednesday it is recalling another 1.3 million U.S. vehicles for potentially faulty Takata air bag inflators as part of a multi-year industry recall campaign announced in 2016. Automakers are adding… Continue reading Toyota recalling 1.3 million U.S. vehicles for air bag inflators
Volkswagen hires Apple executive for autonomous vehicle role
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 FRANKFURT (Reuters) – Volkswagen AG (VOWG_p.DE) said on Wednesday it had hired an executive from Apple (AAPL.O) as a director responsible for technical development at its commercial vehicles… Continue reading Volkswagen hires Apple executive for autonomous vehicle role
UPDATE 2-Go-Jek’s expansion hits roadblock as Philippines rejects ride-hailing application
MANILA (Reuters) – Indonesia’s Go-Jek suffered a setback to its expansion plans on Wednesday after the transport regulator in the Philippines rejected its application to launch a ride-hailing service, saying its domestic unit did not meet local ownership criteria. FILE PHOTO: A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15,… Continue reading UPDATE 2-Go-Jek’s expansion hits roadblock as Philippines rejects ride-hailing application
GM did not heed call to keep Oshawa, Ontario plant open – union boss
DETROIT (Reuters) – The head of Canada’s auto union blasted General Motors Co (GM.N) on Tuesday for pushing ahead with plans to phase out work at its Oshawa, Ontario, assembly plant despite calls by workers and politicians in Canada to find a new vehicle to build there. FILE PHOTO: Unifor President, Jerry Dias, helps launch… Continue reading GM did not heed call to keep Oshawa, Ontario plant open – union boss
Exclusive: Fiat Chrysler nearing U.S. diesel emissions settlement – source
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) is nearing a settlement to resolve the U.S. Justice Department’s allegations that the Italian-American automaker used illegal software to allow 104,000 U.S. diesel… Continue reading Exclusive: Fiat Chrysler nearing U.S. diesel emissions settlement – source
Ratcliffe’s Ineos still to decide on plant location for new 4×4
LONDON, Jan 8 (Reuters) – Billionaire Jim Ratcliffe’s petrochemicals firm Ineos has yet to decide where it will build its first off-road vehicle after media reports suggested last year that it could make the car in Wales. Jaguar Land Rover (JLR) stopped making its classic Defender 4×4, known the world over and with famous owners… Continue reading Ratcliffe’s Ineos still to decide on plant location for new 4×4
Veoneer poaches new CFO from former parent Autoliv
STOCKHOLM, Jan 8 (Reuters) – Swedish high-tech car safety products maker Veoneer has recruited former parent Autoliv’s finance chief Mats Backman as its new Chief Financial Officer, it said in a statement on Tuesday. Backman replaces Mathias Hermansson at Veoneer, who announced his resignation in December, prompting a steep fall in Veoneer shares on the… Continue reading Veoneer poaches new CFO from former parent Autoliv
Veoneer says 2018 order intake hits record high
STOCKHOLM, Jan 8 (Reuters) – Swedish autos supplier Veoneer on Tuesday said order intake reached a record high in 2018 at an estimated $5.9 billion, up by around 40 percent from 2017. “I am pleased with our order intake for 2018. It marks the third consecutive year of strong order intake growth,” Chief Executive Jan… Continue reading Veoneer says 2018 order intake hits record high
EV startup Byton aims to raise $500 mln to fund growth: sources
HONG KONG, Jan 8 (Reuters) – Chinese-funded electric vehicle manufacturer Byton is seeking to raise at least $500 million to finance growth, valuing the nearly three-year-old company at more than $4 billion, two people familiar with the matter told Reuters. The latest round of fundraising comes as China’s government promotes new energy vehicles (NEVs), a… Continue reading EV startup Byton aims to raise $500 mln to fund growth: sources