TOKYO (Reuters) – Tesla Inc’s battery cell supplier Panasonic Corp said on Wednesday it is aiming to develop automotive batteries without using cobalt in the near future amid soaring prices of the key battery ingredient. FILE PHOTO: A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at… Continue reading Panasonic plans to develop cobalt-free car batteries
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Daimler leads $175 mln investment in Uber’s EMEA rival Taxify
LONDON, May 30 (Reuters) – Estonia’s Taxify is set to step up its fight against global rival Uber across Europe and Africa after raising $175 million in funding from a group led by German automaker Daimler. Daimler, already a majority owner or significant investor in a string of online taxi services across Europe and the… Continue reading Daimler leads $175 mln investment in Uber’s EMEA rival Taxify
UPDATE 1-Daimler leads $175 mln investment in Uber’s EMEA rival Taxify
LONDON (Reuters) – Estonia’s Taxify is set to step up its fight against global rival Uber [UBER.UL] across Europe and Africa after raising $175 million in funding from a group led by German automaker Daimler (DAIGn.DE). FILE PHOTO: The Taxify logo is pictured on a taxi cab in Riga, Estonia January 15, 2015. REUTERS/Ints Kalnins/File… Continue reading UPDATE 1-Daimler leads $175 mln investment in Uber’s EMEA rival Taxify
American Axle loan refinancing expected to be shelved as markets soften – sources
NEW YORK (LPC) – A refinancing transaction for driveline system maker American Axle & Manufacturing is expected to be shelved as a softening in the equity and corporate debt markets is making investors wary of buying into new leveraged loans that could lose value in the secondary market, sources said. JP Morgan is leading the… Continue reading American Axle loan refinancing expected to be shelved as markets soften – sources
Fiat Chrysler investors want electric road map in CEO’s swan song
MILAN/LONDON (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world’s seventh-largest carmaker remains in the race in the absence of a merger. FILE PHOTO: FCA CEO Sergio Marchionne addresses the media during a… Continue reading Fiat Chrysler investors want electric road map in CEO’s swan song
UPDATE 1-Germany grills Daimler boss over extent of Vito van emissions fix
BERLIN/FRANKFURT (Reuters) – Germany’s Transport Ministry quizzed Daimler (DAIGn.DE) Chief Executive Dieter Zetsche on Monday over how many Mercedes-Benz vans and cars need to be fixed after a regulator said it had found illegal software in one of its models. FILE PHOTO: Daimler CEO Dieter Zetsche speaks during a world premiere for the new Mercedes… Continue reading UPDATE 1-Germany grills Daimler boss over extent of Vito van emissions fix
UPDATE 3-Tesla agrees to settle class action over Autopilot billed as ‘safer’
NEW YORK (Reuters) – Tesla Inc on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company’s assisted-driving Autopilot system was “essentially unusable and demonstrably dangerous.” FILE PHOTO: A Tesla Model S car is seen in a showroom in Santa… Continue reading UPDATE 3-Tesla agrees to settle class action over Autopilot billed as ‘safer’
UPDATE 3-Fiat Chrysler recalls 5.3 mln vehicles for cruise control defect
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV is recalling more than 5.3 million vehicles in North America over a defect that could prevent drivers from deactivating cruise control, the company said on Friday, warning owners not to use the function until they get software upgrades. A car hauler transports Chrysler vehicles from the FCA Jefferson… Continue reading UPDATE 3-Fiat Chrysler recalls 5.3 mln vehicles for cruise control defect
UPDATE 2-Tesla settles class action lawsuit over ‘dangerous’ Autopilot system
NEW YORK (Reuters) – Tesla on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company’s assisted-driving Autopilot system was “essentially unusable and demonstrably dangerous.” FILE PHOTO: A Tesla Model S car is seen in a showroom in Santa Monica,… Continue reading UPDATE 2-Tesla settles class action lawsuit over ‘dangerous’ Autopilot system
UPDATE 1-Daimler threatened with recall of over 600,000 diesel models -Spiegel
* KBA probes models including C-Class, G-Class – Spiegel * KBA has concrete suspicions over emissions – Spiegel * Report comes day after news of Mercedes Vito recall * Transport Minister, Daimler CEO to meet on Monday (Adds Daimler CEO meeting with transport minister) BERLIN, May 25 (Reuters) – Daimler faces a recall order for… Continue reading UPDATE 1-Daimler threatened with recall of over 600,000 diesel models -Spiegel