FILE PHOTO – A car with the BMW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst LOS ANGELES (Reuters) – BMW (BMWG.DE) is considering a second U.S. manufacturing plant that could produce engines and transmissions, Chief Executive Harald Krueger said on… Continue reading BMW chief says considering second U.S. manufacturing plant
Author: Ritters US Newsfeed
Canada PM, Trump discuss GM shutdown, express disappointment -Ottawa
OTTAWA, Nov 27 (Reuters) – Canadian Prime Minister Justin Trudeau spoke to U.S. President Donald Trump on Tuesday and both men expressed their disappointment about plans by General Motors to shut down auto plants, a senior Canadian official told reporters. “They underscored their concerns for the workers, for the communities and for the families that… Continue reading Canada PM, Trump discuss GM shutdown, express disappointment -Ottawa
Trump may impose tariffs on imported cars from next week: report
FILE PHOTO: Mechanic staff work on the production line of Volkswagen e-Golf in the Glaeserne Manufaktur plant in Dresden, Germany May 8, 2018. REUTERS/Matthias Rietschel BERLIN (Reuters) – European auto stocks extended losses on Tuesday after a German magazine reported that U.S. President Donald Trump could impose tariffs on imported cars from next week. Wirtschaftswoche… Continue reading Trump may impose tariffs on imported cars from next week: report
UPDATE 2-Mitsubishi Motors says Nissan-Renault alliance can survive turmoil
OKAZAKI, Japan (Reuters) – A senior executive at Mitsubishi Motors Corp (7211.T) said on Tuesday its alliance with Nissan Motor (7201.T) and Renault SA (RENA.PA) can survive management upheaval, a day after it fired Carlos Ghosn as chairman over financial misconduct allegations. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, speaks at… Continue reading UPDATE 2-Mitsubishi Motors says Nissan-Renault alliance can survive turmoil
Mitsubishi Motors executive says Nissan-Renault alliance can survive turmoil
OKAZAKI, Japan (Reuters) – A senior executive at Mitsubishi Motors Corp said on Tuesday its alliance with Nissan Motor and Renault SA can survive management upheaval, a day after it fired Carlos Ghosn as chairman citing financial misconduct. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, speaks at the Tomorrow In Motion… Continue reading Mitsubishi Motors executive says Nissan-Renault alliance can survive turmoil
UPDATE 1-Tesla China sales plunge 70 pct in October – auto industry body
FILE PHOTO: A man finishes charging his Tesla car at a charging point outside Tesla China headquarters in Beijing, China July 11, 2018. REUTERS/Jason Lee/File Photo BEIJING/SHANGHAI (Reuters) – Tesla Inc’s (TSLA.O) vehicle sales in China sank 70 percent last month from a year ago, the country’s passenger car association told Reuters on Tuesday, underscoring… Continue reading UPDATE 1-Tesla China sales plunge 70 pct in October – auto industry body
Ghosn suspected of shifting personal investment losses to Nissan: Asahi
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, speaks at the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Carlos Ghosn, the former chairman of Nissan Motor Co, shifted personal investment losses incurred… Continue reading Ghosn suspected of shifting personal investment losses to Nissan: Asahi
Ford Canada CEO says firm has no plans for GM-style auto plant shutdown
OTTAWA, Nov 26 (Reuters) – Ford Motor Co has no plans to carry out an auto plant shutdown in Canada along the lines of the closure announced by General Motors Co, the head of the automaker’s Canadian operation said on Monday. “(We have) no plans to do anything like that,” Mark Buzzell, president and chief… Continue reading Ford Canada CEO says firm has no plans for GM-style auto plant shutdown
Fiat Chrysler aims to boost margins, keep jobs with European production plan
MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) is expected to commit to producing a raft of new models in Italy, including Jeeps and an Alfa Romeo SUV, union sources said, as the carmaker strives to fill underutilized plants and lift profit margins in Europe. FILE PHOTO: A logo of Fiat is pictured on the Fiat… Continue reading Fiat Chrysler aims to boost margins, keep jobs with European production plan
Nissan CEO to workers: ties with Renault ‘not equal’, needs review -Kyodo
FILE PHOTO – Nissan President and Chief Executive Officer Hiroto Saikawa reacts during a news conference after Japanese media reported that Nissan Chairman Carlos Ghosn will be arrested on suspicion of under-reporting his salary, at the company headquarters in Yokohama, south of Tokyo, Japan November 19, 2018. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Nissan Motor… Continue reading Nissan CEO to workers: ties with Renault ‘not equal’, needs review -Kyodo