STOCKHOLM (Reuters) – German carmaker BMW (BMWG.DE) has created a vehicle battery recycling venture with Belgian materials and recycling firm Umicore (UMI.BR) and Northvolt, which is building a battery factory in Sweden. The BMW logo is seen on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau… Continue reading UPDATE 1-BMW teams up with Sweden’s Northvolt, Umicore for electric car batteries
Author: Ritters US Newsfeed
European diesel car sales plummet -IEA
* Diesel car sales sharply down in Europe to 36.5 pct * Demand for diesel fuel falters in August * Governments and cities cracking down on diesel pollution By Ron Bousso LONDON, Oct 12 (Reuters) – Diesel car sales in Europe fell sharply in the first half of the year amid buyer concerns over pollution… Continue reading European diesel car sales plummet -IEA
Tesla says orders placed by October 15 eligible for full tax credit
(Reuters) – Electric carmaker Tesla Inc said bit.ly/2NCbs1r all orders for its vehicles placed by Oct. 15 are eligible for full federal tax credit of $7,500 and such customers will get their cars delivered by the end of the year. FILE PHOTO: Rows of the new Tesla Model 3 electric vehicles are seen in Richmond,… Continue reading Tesla says orders placed by October 15 eligible for full tax credit
UPDATE 6-BMW to buy control of China venture in ‘new era’ for foreign carmakers
SHENYANG, China (Reuters) – Germany’s BMW (BMWG.DE) will pay 3.6 billion euros ($4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market. The luxury carmaker said on Thursday it would increase its… Continue reading UPDATE 6-BMW to buy control of China venture in ‘new era’ for foreign carmakers
UPDATE 1-SEC, Tesla support approval of settlement
(Reuters) – The U.S. Securities and Exchange Commission, Tesla Inc (TSLA.O) and Chief Executive Officer Elon Musk submitted a joint filing late on Wednesday in support of a settlement, saying the terms were in the best interest of investors. FILE PHOTO: Tesla Chief Executive Elon Musk stands on the podium as he attends a forum… Continue reading UPDATE 1-SEC, Tesla support approval of settlement
Germany to unveil battery cell consortium on Nov. 13 – Tagesspiegel
BERLIN (Reuters) – Germany’s economy minister will present plans on Nov. 13 for a consortium to set up a battery cell factory in Germany, supported by 1 billion euros ($1.15 billion) of government financing, German daily Tagesspiegel reported. The consortium is to include Germany’s Varta Microbattery and Ford’s German unit Ford-Werke GmbH, the paper said… Continue reading Germany to unveil battery cell consortium on Nov. 13 – Tagesspiegel
Germany’s car industry says new EU anti-CO2 rules threaten jobs
FRANKFURT, Oct 10 (Reuters) – European Union plans to cut carbon dioxide emissions from vehicles by 35 percent by 2030 pose a threat to Germany as a car-building nation, national auto industry association VDA said on Wednesday. “It is more than regrettable that the majority of member nations did not find the strength to strike… Continue reading Germany’s car industry says new EU anti-CO2 rules threaten jobs
Audi’s Schot says available as CEO for long run: manager magazin
BERLIN (Reuters) – Audi (NSUG.DE) interim CEO, Bram Schot, would be available as Audi’s chief executive in the longer run, he said in an interview with German business monthly manager magazin published on Wednesday. FILE PHOTO: Audi board member Bram Schot attends the company’s annual news conference in Ingolstadt, Germany, March 15, 2018. REUTERS/Michael Dalder… Continue reading Audi’s Schot says available as CEO for long run: manager magazin
UPDATE 2-Ford picks BBDO as lead creative agency in blow to Britain’s WPP
(Reuters) – Ford (F.N) has chosen Omnicom’s (OMC.N) BBDO as its lead creative advertising agency in a symbolic blow to its partner of 75 years, WPP (WPP.L). FILE PHOTO: A WPPA sign on a wall outside the advertising company’s offices in London, Britain April 30, 2018. REUTERS/Simon Dawson/File Photo The British group, the world’s largest… Continue reading UPDATE 2-Ford picks BBDO as lead creative agency in blow to Britain’s WPP
WPP loses role as Ford’s lead creative agency
(Reuters) – Advertising giant WPP (WPP.L) has lost its position as lead creative agency for Ford Motor Co (F.N), WPP said. FILE PHOTO: A WPPA sign on a wall outside the advertising company’s offices in London, Britain April 30, 2018. REUTERS/Simon Dawson/File Photo WPP said Ford had given the job to another agency, named by… Continue reading WPP loses role as Ford’s lead creative agency