(Reuters) – Canadian auto parts supplier Magna International Inc (MG.TO) said on Monday it would set up two joint ventures with Beijing Electric Vehicle Co to build electric cars in China. FILE PHOTO – Magna International Inc. CEO Donald Walker speaks to shareholders at the company’s annual general meeting in Toronto May 10, 2012. REUTERS/Fred… Continue reading Canada’s Magna forms JVs to make electric cars in China
Author: Ritters US Newsfeed
Audi CEO arrested: Volkswagen
FRANKFURT (Reuters) – Audi Chief Executive Rupert Stadler was arrested on Monday, a spokesman for parent company Volkswagen (VOWG_p.DE) said. FILE PHOTO: Audi CEO Rupert Stadler attends company’s annual news conference in Ingolstadt, Germany March 15, 2018. REUTERS/Michael Dalder/File Photo “We confirm that Mr Stadler was arrested this morning. The hearing to determine whether he… Continue reading Audi CEO arrested: Volkswagen
Taxi plows into Moscow crowd including soccer fans, injuring seven
MOSCOW (Reuters) – A taxi drove into a crowd of pedestrians near Moscow’s Red Square on Saturday, injuring seven people including two Mexicans in the city for the soccer World Cup which Russia is hosting, officials and eyewitnesses said. The incident took place as residents and visiting soccer fans thronged the center of Moscow on… Continue reading Taxi plows into Moscow crowd including soccer fans, injuring seven
Fed. judge floats denial of Ford touchscreen class action settlement
A federal judge on Thursday slammed lawyers representing a class of Ford owners suing over allegedly defective touchscreens, calling the settlement deal they reached troubling and saying it showed “indicia of collusion” with the company. U.S. District Judge Edward Chen in San Francisco asked plaintiffs’ lawyers to explain why he should not reject the proposed… Continue reading Fed. judge floats denial of Ford touchscreen class action settlement
Renault-Ghosn, renouvelé pour 4 ans, sauve son salaire de 2017
publié le 16/06/2018 à 17h44 Crédit photo © Reuters par Gilles Guillaume et Laurence Frost PARIS (Reuters) – Les actionnaires de Renault ont approuvé vendredi à une courte majorité la rémunération de 7,4 millions d’euros du PDG Carlos Ghosn au titre de l’année 2017, évitant de justesse une crise à la tête du groupe automobile alors… Continue reading Renault-Ghosn, renouvelé pour 4 ans, sauve son salaire de 2017
UPDATE 1-BorgWarner to restate certain financial statements
(Reuters) – U.S. auto parts makers BorgWarner Inc (BWA.N) said on Friday it would restate its financial statements for fiscal years 2015 and 2016 to re-evaluate accounting of its asbestos-related charges. BorgWarner, which makes turbochargers and all-wheel drive systems for vehicles, has been named in a number of lawsuits in the past, alleging injuries related… Continue reading UPDATE 1-BorgWarner to restate certain financial statements
Ford’s China struggle continues as May vehicle sales slump 29 percent
BEIJING (Reuters) – Ford Motor Co’s (F.N) struggle to boost sales in China showed no sign of ending soon with volumes for May sliding 29 percent despite steps being taken by the U.S. automaker like appointing a new sales leader and readying launches of new products. FILE PHOTO: Visitors look at Ford models at Auto… Continue reading Ford’s China struggle continues as May vehicle sales slump 29 percent
Ford’s May China vehicle sales -29 pct y/y
BEIJING, June 15 (Reuters) – Ford Motor Co’s sales in China fell 29 percent in May from a year earlier to 61,744 vehicles, the company said on Friday, as the U.S. automaker continued to grapple with the sales doldrums, caused in part by a dearth of competitive fresh product. That took sales volumes for the… Continue reading Ford’s May China vehicle sales -29 pct y/y
Ford says fuel cell venture with Daimler will close
DETROIT, June 13 (Reuters) – Ford Motor Co and Daimler AG are winding down a joint venture formed to develop automotive fuel cell technology, Ford said on Wednesday, as both companies plan to take their respective fuel cell technology development in-house. The Automotive Fuel Cell Cooperation Corp venture, based in Burnaby, British Columbia, will close… Continue reading Ford says fuel cell venture with Daimler will close
Magna to partner with May Mobility on low-speed self-driving shuttle
(Reuters) – Canadian auto parts supplier Magna International Inc will partner with Michigan startup May Mobility on self-driving shuttles, the companies said on Wednesday. Magna will outfit low-speed electric shuttles equipped with May Mobility self-driving software. The shuttles will be deployed initially this summer in a commercial ride-sharing service in downtown Detroit. Investors in May… Continue reading Magna to partner with May Mobility on low-speed self-driving shuttle