MARANELLO, Italy (Reuters) – Ferrari (RACE.MI) plans 15 new models, including hybrids, a utility vehicle and special editions in its drive to hit a softened but still exacting mid-term earnings target. The Italian supercar maker on Tuesday shifted to an adjusted core earnings forecast range of 1.8-2.0 billion euros ($2.1-2.3 billion) by 2022, rather than… Continue reading Ferrari plans 15 new models, SUV to deliver earnings growth
Author: Ritters US Newsfeed
UPDATE 1-Audi launches electric SUV in Tesla’s backyard, with assist from Amazon
SAN FRANCISCO (Reuters) – German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc (TSLA.O), and highlighted a deal with Amazon.com Inc (AMZN.O) to make recharging its forthcoming e-tron models easier. The Audi e-tron midsize SUV will be offered… Continue reading UPDATE 1-Audi launches electric SUV in Tesla’s backyard, with assist from Amazon
UPDATE 2-BMW moves UK Mini plant shutdown to just after Brexit in case of no deal
(Adds supplier comment on JLR) By Costas Pitas LONDON, Sept 18 (Reuters) – German carmaker BMW said it will move the annual maintenance shutdown period for its British Mini plant to just after Britain is due to leave the European Union in April, in case there is no Brexit deal. Carmakers generally close their factories… Continue reading UPDATE 2-BMW moves UK Mini plant shutdown to just after Brexit in case of no deal
UPDATE 2-Uber in talks to buy Dubai ride-hailing rival Careem -Bbg
(Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] is in talks to buy Dubai-based rival Careem Networks FZ for about $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people familiar with the matter. Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay No final decisions have been… Continue reading UPDATE 2-Uber in talks to buy Dubai ride-hailing rival Careem -Bbg
Ferrari investors want assurance on targets and SUV plans
MILAN (Reuters) – Ferrari’s (RACE.MI) new boss has his work cut out on Tuesday to convince investors that the supercar maker can hit mid-term targets he described last month as “aspirational”. FILE PHOTO: The new Ferrari 488 Pista during a presentation at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018.… Continue reading Ferrari investors want assurance on targets and SUV plans
UPDATE 1-Go-Jek aims to raise $2 bln for Southeast Asia expansion -sources
SINGAPORE/JAKARTA (Reuters) – Indonesian ride-hailing firm Go-Jek is seeking to raise about $2 billion from existing investors, including Tencent Holdings Ltd and JD.com, to fund its expansion plans in Southeast Asia, sources familiar with the matter said on Monday. A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15, 2017. REUTERS/Beawiharta… Continue reading UPDATE 1-Go-Jek aims to raise $2 bln for Southeast Asia expansion -sources
BMW drives to cut battery costs, share costs on autonomous vehicles -exec
NEW YORK, Sept 15 (Reuters) – German luxury vehicle maker BMW AG plans more deals with mining companies to secure electric vehicle battery materials, and is open to forming alliances to share the costs of developing autonomous-vehicle systems, the automaker’s research and development chief told Reuters. BMW management board member Klaus Froehlich said automakers and… Continue reading BMW drives to cut battery costs, share costs on autonomous vehicles -exec
Volkswagen’s Puebla plant to focus on SUVs, final edition Beetle
MEXICO CITY, Sept 14 (Reuters) – Volkswagen’s Mexico unit said it would focus on producing SUVs and the final special-edition beetle at its plant in the central state of Puebla. The company on Thursday said it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture… Continue reading Volkswagen’s Puebla plant to focus on SUVs, final edition Beetle
ChargePoint to grow global EV charging network to 2.5 mln
FRANKFURT, Sept 14 (Reuters) – ChargePoint, operator of one of the world’s largest charging station networks for electric vehicles (EV), is targeting a near fifty-fold increase in its global network of loading spots by the middle of next decade, it said on Friday. The group, in which German companies BMW , Daimler and Siemens hold… Continue reading ChargePoint to grow global EV charging network to 2.5 mln
Hyundai Motor Group appoints heir apparent as chief vice chairman
SEOUL (Reuters) – South Korea’s Hyundai Motor Group said on Friday that it has appointed Chung Eui-sun, vice chairman of Hyundai Motor Co (005380.KS), to chief vice chairman of the group. Hyundai Motor Group Vice Chairman Chung Eui-sun attends the company’s new year ceremony in Seoul, South Korea, January 2, 2018. REUTERS/Kim Hong-Ji Chung will… Continue reading Hyundai Motor Group appoints heir apparent as chief vice chairman