LONDON (Reuters) – Jaguar Land Rover (JLR) is set to cut more jobs in Britain as it moves all production of its Discovery car to lower-cost Slovakia before building its new Range Rover at an English factory. The Jaguar logo is pictured at a Jaguar Land Rover showroom in Mumbai February 13, 2013. REUTERS/Vivek Prakash/File… Continue reading UPDATE 1-Jaguar to cut more UK jobs as it moves Discovery output to Slovakia
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Adient CEO resigns, company slashes profit outlook
(Reuters) – Car seats maker Adient Plc (ADNT.N) said on Monday Chief Executive Officer R. Bruce McDonald is stepping down and the company slashed its profit forecast for the year, sending its shares tumbling 17 percent. The company said former General Motors Co (GM.N) CEO Frederick Henderson will take over as interim chief, while McDonald… Continue reading Adient CEO resigns, company slashes profit outlook
UPDATE 2-Audi CEO named as suspect in German emissions probe
FRANKFURT (Reuters) – German prosecutors on Monday widened an emissions cheating probe into Volkswagen’s luxury carmaker Audi (NSUG.DE) to include the brand’s Chief Executive Rupert Stadler among the suspects accused of fraud and false advertising. FILE PHOTO: Audi CEO Rupert Stadler arrives to the company’s annual shareholders meeting in Ingolstadt, Germany May 9, 2018. REUTERS/Michael… Continue reading UPDATE 2-Audi CEO named as suspect in German emissions probe
Breakingviews – Trump-Kim parley has a downside for Xi
HONG KONG (Reuters Breakingviews) – Success in Singapore this week could have a downside for China. Any breakthrough in Tuesday’s talks between North Korean leader Kim Jong Un and U.S. President Donald Trump, after years of nuclear threats, would be an economic win for Seoul and others in the region. The People’s Republic itself may… Continue reading Breakingviews – Trump-Kim parley has a downside for Xi
UPDATE 1-Audi CEO targeted in German prosecutor’s emissions probe
FRANKFURT (Reuters) – German prosecutors on Monday said they have widened an emissions cheating probe against Volkswagen’s (VOWG_p.DE) luxury car brand Audi [NSUG.DE] to include Chief Executive Rupert Stadler among the suspects accused of fraud and false advertising. FILE PHOTO: Audi CEO Rupert Stadler arrives to the company’s annual shareholders meeting in Ingolstadt, Germany May… Continue reading UPDATE 1-Audi CEO targeted in German prosecutor’s emissions probe
Musk Challengers Turn Into Billionaires as China Battery Giant Soars
LISTEN TO ARTICLE SHARE THIS ARTICLE The Chinese founder of the world’s biggest maker of electric-vehicle batteries and his top lieutenant became billionaires Monday after their company’s shares soared during the first day of trading in Shenzhen. Contemporary Amperex Technology Co. Ltd. jumped by the maximum 44 percent allowed by the exchange, valuing the company… Continue reading Musk Challengers Turn Into Billionaires as China Battery Giant Soars
Police arresting Indian smelter protesters based on evidence: state minister
CHENNAI (Reuters) – Indian police are only arresting people involved in protests against a copper smelter owned by Vedanta Resources where there is videographed evidence of them indulging in “anti-social” activities, a senior state minister told Reuters. FILE PHOTO: Government officials seal a copper smelter controlled by London-listed Vedanta Resources in Thoothukudi in the southern… Continue reading Police arresting Indian smelter protesters based on evidence: state minister
PSA s’intéresse à une alternative à Autolib à Paris
PARIS (Reuters) – Le constructeur automobile PSA est prêt à proposer un nouveau modèle d’autopartage à Paris et est en contact avec la mairie de la capitale, selon un article publié samedi sur le site des Echos. Le constructeur automobile PSA est prêt à proposer un nouveau modèle d’autopartage à Paris et est en contact… Continue reading PSA s’intéresse à une alternative à Autolib à Paris
UPDATE 1-Kia recalls 507,000 vehicles in U.S. for air bag issues
WASHINGTON (Reuters) – Kia Motors Corp (000270.KS) said on Friday it was recalling more than 507,000 vehicles in the United States because an electronic glitch may prevent air bags from deploying in a crash. FILE PHOTO: The logo of Kia Motors is seen at the manufacturing plant in Pesqueria, on the outskirts of Monterrey, Mexico,… Continue reading UPDATE 1-Kia recalls 507,000 vehicles in U.S. for air bag issues
Federal judge lambastes proposed settlement in Ford touchscreen class action
A federal judge overseeing a long-running class action alleging touchscreens in Ford vehicles are defective and unsafe has rebuked plaintiffs’ lawyers over what he called a “problematic” settlement proposal. In an order on Thursday, U.S. District Judge Edward Chen in San Francisco said plaintiffs had failed to submit any estimates of the potential amount of… Continue reading Federal judge lambastes proposed settlement in Ford touchscreen class action