Author: Ritters US Newsfeed

UPDATE 1-Nissan to make fewer cars in China in months ahead as demand slows-source

TOKYO (Reuters) – Nissan Motor Co (7201.T) will produce 30,000 fewer vehicles in the coming months in China than what it had planned, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market. Nissan cars are seen at a storage area in Guangzhou, Guangdong… Continue reading UPDATE 1-Nissan to make fewer cars in China in months ahead as demand slows-source

Nissan’s Kelly examined at Japanese hospital after securing bail

TOKYO (Reuters) – Nissan director Greg Kelly was being examined in a hospital on Wednesday, a source said, a day after he was released on bail from a Tokyo jail where his former boss Carlos Ghosn is still being detained. Greg Kelly, the former deputy of ousted Nissan chairman Carlos Ghosn, is seen in the… Continue reading Nissan’s Kelly examined at Japanese hospital after securing bail

UPDATE 4-Nissan’s Kelly released on bail as Tokyo court rejects prosecutors’ plea

TOKYO (Reuters) – Former Nissan Motor Co Representative Director Greg Kelly has been released on bail after more than a month in detention on financial-misconduct charges, as a Tokyo court rejected prosecutors’ request to keep the American executive in custody. Media crews are seen on step ladders in front of the Tokyo Detention Center, where… Continue reading UPDATE 4-Nissan’s Kelly released on bail as Tokyo court rejects prosecutors’ plea

Hyundai sees Russia auto market growth slowing in 2019

People walk past the logo of Hyundai on the car maker’s booth at the 2016 Moscow International Auto Salon in Moscow, Russia, August 24, 2016. REUTERS/Maxim Shemetov/File Photo MOSCOW (Reuters) – South Korea-based carmaker Hyundai Motor Co. (005380.KS) expects growth in the Russian auto market to slow sharply next year, the head of its Russian… Continue reading Hyundai sees Russia auto market growth slowing in 2019

South Korea to file complaint against BMW for ‘delayed’ response to engine fires

SEOUL (Reuters) – South Korea’s transport ministry said it would file a complaint against German luxury carmaker BMW (BMWG.DE) with prosecutors for allegedly delaying recalls and concealing defects that led to several engine fires in the country this year. The BMW logo is seen on a vehicle at the New York Auto Show in the… Continue reading South Korea to file complaint against BMW for ‘delayed’ response to engine fires

Elon Musk says Tesla to pay customers for missed tax credits

Tesla Inc. founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, U.S. December 18, 2018. Robyn Beck/Pool via REUTERS (Reuters) – Tesla Inc (TSLA.O) chief executive Elon Musk said the electric car company will reimburse… Continue reading Elon Musk says Tesla to pay customers for missed tax credits

VW says diesel scandal cleanup to cost 2 billion euro in 2019: paper

FILE PHOTO: New Volkswagen cars are seen at the Berlin Brandenburg international airport Willy Brandt (BER) in Schoenefeld, Germany, August 14, 2018. REUTERS/Hannibal Hanschke/File Photo FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) cleanup of a diesel cheating scandal will cost it 5.5 billion euros ($6.25 bln) in 2018 and around 2 billion euros in 2019, Chief Financial… Continue reading VW says diesel scandal cleanup to cost 2 billion euro in 2019: paper

Volkswagen to write off Gett investment – Spiegel

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 write off its investment in Gett after the Israel-based ride hailing app failed to gain ground on bigger rivals Uber [UBER.UL], Lyft… Continue reading Volkswagen to write off Gett investment – Spiegel

Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention

TOKYO (Reuters) – Japanese prosecutors arrested Nissan Motor Co Ltd’s (7201.T) ousted chairman Carlos Ghosn again on Friday on new allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail before Christmas. FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the… Continue reading Ghosn re-arrested on fresh allegations, likely to spend Christmas in detention