(Reuters) – Shares of General Motors (GM.N) and Ford (F.N) inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions. Washington said on Wednesday it will open a so-called Section… Continue reading Car imports probe gives GM, Ford shares tiny lift
Author: Ritters US Newsfeed
Toyota to ramp up hydrogen fuel cell vehicle sales around 2020
TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Thursday said it plans to set up a facility to mass manufacture hydrogen fuel cell stacks, a key component of fuel cell vehicles, as it seeks to ramp up production of hydrogen-powered cars and expand their usage as a zero-emission alternative to gasoline vehicles. Employees of Toyota… Continue reading Toyota to ramp up hydrogen fuel cell vehicle sales around 2020
UPDATE 3-Uber shuts Arizona self-driving program two months after fatal crash
SAN FRANCISCO (Reuters) – Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday. Uber Technologies Inc [UBER.UL] is not shuttering its entire autonomous vehicle program and will focus on limited testing in Pittsburgh, Pennsylvania, and two cities in… Continue reading UPDATE 3-Uber shuts Arizona self-driving program two months after fatal crash
Tesla Model 3 registrations zip past rivals in California
(Reuters) – Tesla Inc’s Model 3 sedan recorded more registrations in California than its class rivals BMW 3-Series and Mercedes C-Class in the first quarter, according to a report by the California New Car Dealers Association (CNCDA). Model 3 registrations totaled 3,723, or 14.3 percent of the near-luxury segment, compared with 3,323 for the Mercedes… Continue reading Tesla Model 3 registrations zip past rivals in California
Kuwait Petroleum plans $2.6 bln loan for LNG terminal -sources
DUBAI, May 23 (Reuters) – A Kuwait Petroleum Corporation-owned firm plans to borrow up to $2.6 billion from banks and export credit agencies to build a liquefied natural gas import terminal, banking sources said. Kuwait Integrated Petroleum Industries Company (KIPIC) will use the money raised to develop the terminal at Kuwait’s Al Zour complex, which… Continue reading Kuwait Petroleum plans $2.6 bln loan for LNG terminal -sources
Israel’s defense expertise drives tech boom for autonomous cars
SHFAYIM, Israel (Reuters) – Technology that has helped Israel’s military drive tanks, guide and intercept missiles, and keep its computer systems secure is being redeployed in the development of driverless cars. FILE PHOTO: The logo Israeli driverless technology firm Mobileye is seen on the building of their offices in Jerusalem March 13, 2017. REUTERS/Ronen Zvulun/File… Continue reading Israel’s defense expertise drives tech boom for autonomous cars
French and Benelux stocks-Factors to watch on May 23
May 23 (Reuters) – Below are company-related news and stories from French and Benelux media which could have an impact on the region’s markets or individual stocks. French CAC futures were down 0.2 percent by 0624 GMT. DERICHEBOURG: Service provision company Derichebourg reported on Tuesday a 9.2 pct upside in its H1 recurring EBITDA at… Continue reading French and Benelux stocks-Factors to watch on May 23
CORRECTED-Snap’s Stuart Bowers joins Tesla as VP of engineering
(Reuters) – Electric carmaker Tesla Inc said on Tuesday it had hired Snap Inc’s vice president of monetization engineering, Stuart Bowers, as VP of engineering. Tesla said earlier this month that Doug Field, who is currently Senior VP of engineering, is taking a break from work but is not leaving the company. Snap did not… Continue reading CORRECTED-Snap’s Stuart Bowers joins Tesla as VP of engineering
RPT-UPDATE 2-Tesla’s Musk admits Model 3 braking issue, promises fix
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk has sought to play down a report identifying “big flaws” in its Model 3 sedan, admitting there is a braking issue with the vehicle but saying it will be fixed with a software update within days. FILE PHOTO: A Tesla Model 3 is seen in a… Continue reading RPT-UPDATE 2-Tesla’s Musk admits Model 3 braking issue, promises fix
China slashes auto import tariffs in boost to BMW, Tesla
SHANGHAI/BEIJING (Reuters) – China will steeply cut import tariffs for automobiles and car parts, opening up greater access to the world’s largest auto market amid an easing of trade tensions with the United States. FILE PHOTO: Visitors pass by a booth with long wheelbase BMW X1 xDrive25Li displayed during the Auto China 2016 auto show… Continue reading China slashes auto import tariffs in boost to BMW, Tesla