Ritters US Newsfeed – Page 810 – I wish I had more to offer

UPDATE 3-Tesla goes big in China with Shanghai plant

SHANGHAI (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker’s global manufacturing. Elon Musk and Shanghai Mayor Ying Yong shake hands.… Continue reading UPDATE 3-Tesla goes big in China with Shanghai plant

Tesla goes big in China with Shanghai plant

UPDATE 1-Tesla to open plant in Shanghai with annual capacity of 500,000 cars -local media

SHANGHAI (Reuters) – Tesla Inc on Tuesday signed agreements with Shanghai authorities that will allow it to open a plant in the Chinese city with an annual capacity of 500,000 cars, local media reported. FILE PHOTO: A woman sits in a Tesla Model 3 car during a media preview at the Auto China 2018 motor… Continue reading UPDATE 1-Tesla to open plant in Shanghai with annual capacity of 500,000 cars -local media

UPDATE 5-Tesla moves first to hike prices in China as trade war hits car makers

BEIJING/SHANGHAI (Reuters) – U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, the first automaker to do so in the world’s top automotive market in response to mounting trade tensions between the countries. The move is the earliest indication of how much higher Chinese… Continue reading UPDATE 5-Tesla moves first to hike prices in China as trade war hits car makers

VW names Sedran as head of commercial vehicles

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has named Thomas Sedran to lead its commercial vehicles division, VW said on Tuesday, confirming media reports. FILE PHOTO: Mechanic staff work on the production line of Volkswagen e-Golf in the Glaeserne Manufaktur plant in Dresden, Germany May 8, 2018. REUTERS/Matthias Rietschel/File Photo Currently VW’s head of strategy, Sedran will… Continue reading VW names Sedran as head of commercial vehicles

BMW, Daimler, telcos in push to get EU adopt connected car standard

BRUSSELS (Reuters) – BMW, Daimler, Deutsche Telekom and Ericsson have urged the European Commission to back a technology for connected cars they believe would help to speed up the rollout of 5G mobile networks across the bloc. FILE PHOTO: A logo of the German luxury carmaker BMW is seen during the company’s annual news conference… Continue reading BMW, Daimler, telcos in push to get EU adopt connected car standard

Tesla raises car prices in China -Electrek

(Reuters) – Tesla Inc (TSLA.O) has raised prices on its Model X and S cars by over $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions. FILE PHOTO: A sign is seen outside Tesla Motors’ new… Continue reading Tesla raises car prices in China -Electrek

BMW agrees $4.7 billion contract with China’s CATL for battery cells

MUNICH (Reuters) – BMW plans to source 4 billion euros’ ($4.7 billion) worth of battery cells from Chinese battery maker Contemporary Amperex Technology Ltd (300750.SZ) (CATL) over the next few years, the carmaker’s purchasing head said on Monday. FILE PHOTO: The BMW logo is seen on a vehicle at the New York Auto Show in… Continue reading BMW agrees $4.7 billion contract with China’s CATL for battery cells

UPDATE 1-California agency opens third probe into Tesla’s Fremont factory

(Reuters) – A California agency for occupational safety said on Thursday it opened a third investigation at Tesla Inc’s factory in Fremont, California, following a complaint. FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors’ new showroom in Manhattan’s Meatpacking District in New York City, U.S., December 14, 2017. REUTERS/Brendan McDermid/File… Continue reading UPDATE 1-California agency opens third probe into Tesla’s Fremont factory

UPDATE 3-VW loses bid to block investigators examining legal files

KARLSRUHE, Germany (Reuters) – Volkswagen (VOWG_p.DE) has lost a legal challenge to prevent prosecutors from examining unpublished documents about its emission scandal, with Germany’s top court ruling on Friday that files seized from a U.S. law firm may be reviewed. FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April… Continue reading UPDATE 3-VW loses bid to block investigators examining legal files