(Reuters) – Volkswagen (VOWG_p.DE) said on Thursday it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture as the automaker prepares for a leap toward a future of mass-market electric cars. FILE PHOTO: A 2015 Volkswagen Beetle R-Line model is seen at the press day… Continue reading UPDATE 2-Volkswagen to end production of the Beetle next year
Author: Ritters US Newsfeed
GM to recall about 1.2 million vehicles worldwide
(Reuters) – General Motors Co (GM.N) is recalling 1.205 million pickup trucks and sport utility vehicles worldwide due to issues with a temporary loss of power steering, the No.1 U.S. automaker said on Thursday. The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo The recall covers certain 2015… Continue reading GM to recall about 1.2 million vehicles worldwide
Peugeot’s DS brand adds mini-SUV to bolster rebounding sales
PARIS (Reuters) – French carmaker PSA Group unveiled an SUV version of its DS3 upscale mini as it builds on a sales rebound underway at the eight-year-old premium DS brand. Yves Bonnefont, CEO of DS Brand, poses in front of the new DS 3 Crossback SUV E-Tense electric car during a presentation at PSA’s DS… Continue reading Peugeot’s DS brand adds mini-SUV to bolster rebounding sales
UPDATE 2-GM to recall about 1.2 mln vehicles worldwide
(Reuters) – General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United States due to issues with a temporary loss of power steering, the National Highway Traffic Safety Administration said. The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo The… Continue reading UPDATE 2-GM to recall about 1.2 mln vehicles worldwide
Chinese electric carmaker NIO recovers from bumpy U.S. debut
(Reuters) – Shares of Chinese electric carmaker NIO Inc (NIO.N) bounced back from a 15 percent plunge in their market debut on Wednesday, a day after the company’s IPO was priced at the lower end of the expected range. Bin Li, CEO of Chinese electric vehicle start-up NIO Inc., rings a ceremonial bell as NIO… Continue reading Chinese electric carmaker NIO recovers from bumpy U.S. debut
VW brand must become significantly more efficient: CEO
HAMBURG (Reuters) – The VW brand needs higher profits and must become significantly more efficient to be able to finance its future, Volkswagen group Chief Executive Herbert Diess told the brand’s staff magazine. A VW logo is seen in front of the main building of the Volkswagen brand at the Volkswagen headquarters during a media… Continue reading VW brand must become significantly more efficient: CEO
Chinese automaker NIO’s IPO prices at $6.25 per share: source
NEW YORK (Reuters) – Chinese electric vehicle start-up NIO Inc (NIO.N) priced at $6.25 per share in its initial public offering on the New York stock exchange on Tuesday, at the bottom of its targeted price range, a person familiar with the matter said. The logo of electric car startup NIO is seen at a… Continue reading Chinese automaker NIO’s IPO prices at $6.25 per share: source
UPDATE 1-U.S. to probe India’s Mahindra over Fiat Chrysler Jeep complaint
WASHINGTON (Reuters) – A U.S. regulator said on Tuesday it would launch an investigation into an off-road utility vehicle produced by Mahindra and Mahindra Ltd following a complaint by Fiat Chrysler Automobiles NV that it infringed upon the intellectual property rights of its Jeep design. FILE PHOTO: A Jeep Wrangler (R) is shown at the… Continue reading UPDATE 1-U.S. to probe India’s Mahindra over Fiat Chrysler Jeep complaint
Former Volkswagen boss dragged feet on ‘dieselgate’: judge
BRAUNSCHWEIG, Germany (Reuters) – Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that led to huge U.S. fines, a judge hearing a damages case brought by investors against the German carmaker said on Tuesday. FILE PHOTO: Former Volkswagen chief executive Martin Winterkorn arrives to testify to a German parliamentary committee on… Continue reading Former Volkswagen boss dragged feet on ‘dieselgate’: judge
UPDATE 2-Wrong Brexit will cost tens of thousands of UK car jobs, warns Jaguar boss
BIRMINGHAM, England (Reuters) – The wrong Brexit deal could cost tens of thousands of British car jobs and risks production at Britain’s biggest carmaker Jaguar Land Rover, its boss warned, adding he had no idea if his plants could function after Britain quits the European Union. FILE PHOTO: Ralf Speth, CEO of Jaguar Land Rover,… Continue reading UPDATE 2-Wrong Brexit will cost tens of thousands of UK car jobs, warns Jaguar boss