Author: Ritters US Newsfeed

Heavy factory, dealer discounts fuel US truck price war

(Reuters) – Heavy discounts of up to $16,000 per vehicle are fueling a “truck war” among full-size pickups sold in the United States by the Detroit Three, a Reuters analysis shows. Strong U.S. sales this year of the highly profitable big trucks have helped offset lagging passenger car sales. But it is not clear how… Continue reading Heavy factory, dealer discounts fuel US truck price war

PSA a commencé à suspendre les activités de ses JV en Iran

(Actualisé avec contexte) PARIS, 4 juin (Reuters) – PSA a annoncé lundi avoir commencé à suspendre les activités de ses coentreprises en Iran afin de se conformer à la loi américaine d’ici le 6 août et dit être en contact avec les autorités américaines pour envisager une dérogation. Les Etats-Unis ont annoncé le 9 mai… Continue reading PSA a commencé à suspendre les activités de ses JV en Iran

France’s PSA suspends joint ventures in Iran to avoid US sanctions

PARIS (Reuters) – French carmaker PSA Group (PEUP.PA) has begun to suspend its joint venture activities in Iran to avoid U.S. sanctions after Washington’s withdrawal from the international nuclear deal. FILE PHOTO: The Peugeot logo is pictured on the new Peugeot 508 before a news conference of PSA Group to announce the company’s 2017 annual… Continue reading France’s PSA suspends joint ventures in Iran to avoid US sanctions

France’s PSA begins to suspend its joint ventures in Iran

PARIS, June 4 (Reuters) – PSA Group has begun to suspend its joint venture activities in Iran, the French carmaker said on Monday, following the withdrawal of the United States from a nuclear pact signed with the country. European signatories are scrambling to save the accord, which they see as crucial to forestalling an Iranian… Continue reading France’s PSA begins to suspend its joint ventures in Iran

Tesla’s Musk laments Singapore electric vehicle stance

SINGAPORE (Reuters) – Elon Musk, chief executive of U.S. electric vehicle (EV) maker Tesla Inc, defended his view that Singapore was not supportive of EV ownership after a commentary in the city-state’s biggest newspaper criticized the billionaire’s social media post. Elon Musk speaks at a Boring Company community meeting in Bel Air, Los Angeles, California,… Continue reading Tesla’s Musk laments Singapore electric vehicle stance

Hyundai Motor says reviews investing in contract manufacturing

SEOUL (Reuters) – Hyundai Motor (005380.KS) on Monday conducted due diligence on a contract car manufacturing plant site for possible investment, as the South Korean firm seeks ways to cut costs and conserve capital to develop new technologies such as electric vehicles. FILE PHOTO: The logo of Hyundai Motor is seen at its dealership in… Continue reading Hyundai Motor says reviews investing in contract manufacturing

Auto: Comment un logiciel gonfle les prix des pièces de rechange

par Tom Bergin et Laurence Frost Plusieurs constructeurs automobiles, parmi lesquels Renault, PSA et Jaguar Land Rover, ont gonflé de plus d’un milliard de dollars (850 millions d’euros environ) en dix ans le chiffre d’affaires qu’ils réalisent sur les pièces de rechange grâce à un logiciel, selon des documents de justice. /Photo d’archives/REUTERS/Benoit Tessier LONDRES/PARIS… Continue reading Auto: Comment un logiciel gonfle les prix des pièces de rechange

How carmakers hike spare parts prices by using software and stealth

London CARMAKERS including Renault, Jaguar Land Rover (JLR) and Peugeot have boosted revenues by over US$1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. The software works, Accenture told prospective clients, by identifying which spare… Continue reading How carmakers hike spare parts prices by using software and stealth

Foreign companies struggle in cash-strapped Turkmenistan

ALMATY/ANKARA (Reuters) – Some foreign companies in Turkmenistan are struggling to make sales and collect payments as economic pressures mount in large part because of a sharp drop in the Central Asian nation’s crucial gas exports. FILE PHOTO: People stay in front of the terminal of the newly built airport with a portrait of Turkmen… Continue reading Foreign companies struggle in cash-strapped Turkmenistan