(Adds details) PARIS, Nov 22 (Reuters) – France has told Japan that now is not the time to contemplate changes in the power balance inside the Renault-Nissan alliance, an official in President Emmanuel Macron’s office said on Thursday. The Elysee Palace official described the financial misconduct accusations against Carlos Ghosn, who was ousted as Nissan… Continue reading UPDATE 1-Ghosn’s exit not the time to alter Renault-Nissan alliance: French official
Author: Ritters US Newsfeed
Hyundai shares skid as U.S. prosecutors probe Hyundai car recalls
SEOUL/WASHINGTON (Reuters) – Hyundai Motor (005380.KS) and affiliate Kia Motors (000270.KS) are being investigated by U.S. prosecutors over whether vehicle recalls were conducted properly, a person said and documents reviewed by Reuters showed. FILE PHOTO: The logo of Hyundai Motor is seen on wall at a event in Mexico City, Mexico August 2, 2017. REUTERS/Henry… Continue reading Hyundai shares skid as U.S. prosecutors probe Hyundai car recalls
Volkswagen strikes deal with Broadcom to end patent lawsuit – source
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/File Photo BERLIN (Reuters) – Germany’s Volkswagen (VOWG.DE) has struck a deal with U.S. semiconductor maker Broadcom (AVGO.O), ending a billion-dollar patent lawsuit that pitted the carmaker against its… Continue reading Volkswagen strikes deal with Broadcom to end patent lawsuit – source
Ineos to decide on location to manufacture new off-road vehicles by year-end
Nov 16 (Reuters) – Petrochemicals company Ineos said here on Friday it would decide on the manufacturing location for its new off-road vehicle, currently in design and development, by the year end and flagged a number of “very strong options” in the U.K. and Europe. Media outlets had reported here that Ineos is in talks… Continue reading Ineos to decide on location to manufacture new off-road vehicles by year-end
UPDATE 1-Ford CEO open to investors in autonomous vehicles but cautious on VW
MIAMI (Reuters) – Ford Motor Co (F.N) Chief Executive Jim Hackett told Reuters the company was open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG (VOWG_p.DE) (VOWG.DE) was a “delicate dance.” FILE PHOTO: Jim Hackett, CEO of Ford Motor Company, listens to… Continue reading UPDATE 1-Ford CEO open to investors in autonomous vehicles but cautious on VW
UPDATE 1-Uber posts $1 bln loss in quarter as growth in bookings slows
SAN FRANCISCO (Reuters) – Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. FILE PHOTO: The Uber application is… Continue reading UPDATE 1-Uber posts $1 bln loss in quarter as growth in bookings slows
UPDATE 2-Zotye, Ford’s China partner, set to sell SUVs in U.S. in 2020
FILE PHOTO – An employee pushes a car along a Zotye Automobile Co., Ltd assembly line in Jinhua, Zhejiang province, April 3, 2013. REUTERS/Lang Lang (Reuters) – Zotye Automobile (000980.SZ), a Ford Motor Co (F.N) partner in China, said on Tuesday it planned to begin selling SUVs in the United States in 2020. Ford is… Continue reading UPDATE 2-Zotye, Ford’s China partner, set to sell SUVs in U.S. in 2020
UPDATE 2-VW could build up to 50 mln electric cars – Automotive News
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) could build up to 50 million electric cars on its new electric vehicle platform and is looking at expanding its manufacturing footprint in the United States, Chief Executive Herbert Diess told Automotive News. FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin,… Continue reading UPDATE 2-VW could build up to 50 mln electric cars – Automotive News
UPDATE 1-VW capable of building 50 mln electric vehicles – CEO in Automobilwoche
FILE PHOTO: FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018./File Photo/File Photo FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) electric vehicle platform and battery procurement plans are being readied to handle production of 50 million vehicles, Chief Executive Herbert Diess told German trade publication… Continue reading UPDATE 1-VW capable of building 50 mln electric vehicles – CEO in Automobilwoche
Taxify aims for 10-fold Africa growth, to overtake Uber in Europe
LISBON (Reuters) – Taxify, a European-based rival to Uber and the leading app-based taxi-hailing platform in Africa, expects to grow its African business ten-fold over the next two years while it works to dethrone Uber in Europe, its chief executive told Reuters. FILE PHOTO – A Taxify car drives in Tallinn, Estonia, June 13, 2017.… Continue reading Taxify aims for 10-fold Africa growth, to overtake Uber in Europe