AMSTERDAM (Reuters) – TomTom shares jumped 4 percent on Tuesday after the Dutch navigation company said it had struck deals with carmakers BMW and Peugeot. TomTom navigation are seen in front of TomTom displayed logo in this illustration taken July 28, 2017. REUTERS/Dado Ruvic TomTom said at the Paris motor show that it had extended… Continue reading TomTom shares lifted by BMW, Peugeot contract wins
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UPDATE 2-Tesla worried by China even as deliveries surge
(Reuters) – Tesla Inc (TSLA.O) announced record quarterly car production numbers on Tuesday but warned it was facing major problems with selling cars in China due to new tariffs that will force it to accelerate investment in its factory in Shanghai. FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen at… Continue reading UPDATE 2-Tesla worried by China even as deliveries surge
UPDATE 1-Carmakers step up warnings over disorderly Brexit
PARIS (Reuters) – Carmakers ratcheted up their Brexit warnings on Tuesday, with France’s PSA Group (PEUP.PA) and Germany’s BMW (BMWG.DE) both saying UK production would suffer if Britain leaves the European Union without a deal. Dieter Zetsche, chairman of the board of management of Daimler AG, and Ola Kallenius, member of the board of management… Continue reading UPDATE 1-Carmakers step up warnings over disorderly Brexit
Volkswagen not prepared to cover full costs of diesel retrofits: source
HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) is not prepared to cover the full cost of hardware retrofits for older diesel vehicles in Germany, a source at Volkswagen said, contradicting a deal announced by the German coalition parties on Tuesday. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North… Continue reading Volkswagen not prepared to cover full costs of diesel retrofits: source
BMW would up Dutch production in hard Brexit scenario: CEO
PARIS (Reuters) – German carmaker BMW (BMWG.DE) will shift more production of Mini vehicles to the Netherlands if Britain leaves the European Union without a trade agreement, Chief Executive Harald Krueger said on Tuesday. Harald Krueger member of the board of Management of BMW AG poses for a picture during the first press day of… Continue reading BMW would up Dutch production in hard Brexit scenario: CEO
Making cars separately for UK and EU would impact UK production, PSA warns
PARIS (Reuters) – If Britain’s departure from the European Union disrupts trade to the extent PSA Group (PEUP.PA) has to make cars separately for the two markets, there would “necessarily be an impact” on its UK production, the automaker’s European boss said on Tuesday. FILE PHOTO: Maxime Picat, Peugeot Brand CEO, speaks during a presentation… Continue reading Making cars separately for UK and EU would impact UK production, PSA warns
Ford to stop building Focus cars in Argentina in 2019
DETROIT (Reuters) – Ford Motor Co (F.N) said on Monday it plans to stop building its Focus compact cars in Argentina in May 2019 as it seeks to stem losses from its operations in South America. FILE PHOTO: The Ford logo is seen at the New York Auto Show in the Manhattan borough of New… Continue reading Ford to stop building Focus cars in Argentina in 2019
Volvo not considering diesel car retrofits in Germany – spokeswoman
STOCKHOLM (Reuters) – Volvo is not considering any hardware retrofits for diesel vehicles in Germany, a company spokeswoman said on Monday, denying a report by Germany’s Der Spiegel magazine that said the Swedish carmaker was mulling that option. FILE PHOTO: A Volvo logo is seen at a car dealership in Vienna, Austria, May 30, 2017.… Continue reading Volvo not considering diesel car retrofits in Germany – spokeswoman
Mideast ride-hailing app Careem resumes Oman services
DUBAI (Reuters) – Careem has resumed services in Muscat, Oman after signing an agreement to partner with a local taxi company, the Middle East ride-hailing app company said on Monday. FILE PHOTO: An employee shows the logo of ride-hailing company Careem on his mobile in his office in the West Bank city of Ramallah July… Continue reading Mideast ride-hailing app Careem resumes Oman services
BMW’s independent German dealers agree to sign new contracts
FRANKFURT (Reuters) – BMW’s (BMWG.DE) association of independent German car dealerships advised its members to sign new long-term contracts with the carmaker before a deadline at the end of the month to avoid disruptions to the sale of cars and spare parts. The logo of BMW is pictured on a car during the 88th Geneva… Continue reading BMW’s independent German dealers agree to sign new contracts