(Reuters) – Elliott Management Corp renewed calls on Hyundai Motor Group last month to make structural changes, a source told Reuters, months after the U.S. activist fund helped force the South Korean automotive company to scrap a restructuring deal. FILE PHOTO: A car dealer stands in front of the logo of Hyundai Motor at its… Continue reading UPDATE 2-Elliott renews calls for Hyundai Motor revamp – source
Author: Ritters US Newsfeed
UPDATE 2-Ford recalls 2 million trucks to address seat-belt fire concerns
WASHINGTON (Reuters) – Ford Motor Co said on Thursday it would recall 2 million F-150 pickup trucks in North America to address fire concerns relating to seat belts that have been linked to three serious incidents but no injuries. FILE PHOTO: An airplane flies above a Ford logo in Colma, California, U.S., October 3, 2017.… Continue reading UPDATE 2-Ford recalls 2 million trucks to address seat-belt fire concerns
UPDATE 1-Walmart Canada to buy 30 more Tesla semi-trucks
(Adds details on previous orders) Sept 6 (Reuters) – Walmart Inc’s Canadian unit said on Thursday it would buy 30 more of Tesla Inc’s all-electric 18-wheeler semi-trucks as part of a plan to have 100 percent of its fleet use alternative power by 2028. Walmart in November ordered five Tesla semis for its fleet in… Continue reading UPDATE 1-Walmart Canada to buy 30 more Tesla semi-trucks
Uber launches taxi-hailing app in Japan’s Nagoya
TOKYO, Sept 6 (Reuters) – Uber Technologies on Thursday said it would launch a taxi-hailing app for taxis operating in Nagoya, as the U.S. firm tries to expand its foothold in a country where it has been blocked from offering its own ridesharing service. The U.S. firm said it was working with Fuji Taxi Group,… Continue reading Uber launches taxi-hailing app in Japan’s Nagoya
UPDATE 2-German court says Frankfurt must ban older diesel cars
WIESBADEN, Germany (Reuters) – Frankfurt, Germany’s financial center, must ban highly-polluting, older diesel vehicles from the city center from next February as part of a plan to improve air quality, the country’s administrative court ruled on Wednesday. FILE PHOTO: Traffic signs which ban diesel cars are installed by workers at the Max-Brauer Allee in downtown… Continue reading UPDATE 2-German court says Frankfurt must ban older diesel cars
UPDATE 1-Uber ‘on track’ for IPO in 2019, no plans to sell tech unit -CEO
NEW YORK (Reuters) – Uber Technologies Inc Chief Executive Dara Khosrowshahi said on Wednesday the ride-hailing company was on track to launch an initial public offering next year and had no plans to sell its self-driving car research arm. The Chief Executive Officer (CEO) of ride-sharing app Uber Dara Khosrowshahi pictured on stage during an… Continue reading UPDATE 1-Uber ‘on track’ for IPO in 2019, no plans to sell tech unit -CEO
UPDATE 1-Volvo reveals new robo-taxi in race to autonomy
GOTHENBURG (Reuters) – Volvo Cars presented a fully electric robo-taxi on Wednesday, as the Geely-owned Swedish company races to meet an ambitious target for driverless vehicle sales with its Uber supply deal on hold. Volvo’s 360c autonomous concept car is seen in Gothenburg, Sweden September 5, 2018. TT News Agency/Bjorn Larsson Rosvall via REUTERS Besides… Continue reading UPDATE 1-Volvo reveals new robo-taxi in race to autonomy
UPDATE 2-PSA’s Opel to shift 2,000 R&D jobs in Germany to French engineer Segula
FRANKFURT (Reuters) – PSA Group’s (PEUP.PA) Opel unit said it is working on plans to protect 2,000 research jobs in Ruesselsheim, Germany by transfering them to a new company run by French firm Segula Technologies. FILE PHOTO: The Opel development centre is pictured in Ruesselsheim, Germany July 5, 2018. REUTERS/Ralph Orlowski/File Photo Research and development… Continue reading UPDATE 2-PSA’s Opel to shift 2,000 R&D jobs in Germany to French engineer Segula
VW floods German market ahead of tougher emissions rules
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) hiked the number of passenger cars registered for road use with the authorities by 46.2 percent in Germany last month, lifting German passenger car registrations by 24.7 percent in August, statistics from the KBA German vehicle authority showed. FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg,… Continue reading VW floods German market ahead of tougher emissions rules
RPT-Electric Mercedes opens German assault on Tesla
(Repeats SEPT 3 story, no change to text) * Electric vehicles: Sales forecast tmsnrt.rs/2PuORFo * Electric vehicles: Market share tmsnrt.rs/2PvahlT By Esha Vaish and Laurence Frost STOCKHOLM/PARIS, Sept 3 (Reuters) – Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla’s dominance of the fast-growing… Continue reading RPT-Electric Mercedes opens German assault on Tesla