LONDON (Reuters) – Luxury British carmaker Aston Martin remained in the black in the first quarter of 2018, although pretax profit fell due to a weaker dollar and investment on a series of model launches. FILE PHOTO: The Aston Martin Lagonda Vision Concept car is pictured during the 88th Geneva International Motor Show in Geneva,… Continue reading Aston Martin gears up for more growth ahead of possible flotation
Author: Ritters US Newsfeed
BMW expands UK vehicle recall to 390,000 cars
LONDON (Reuters) – BMW (BMWG.DE) is expanding a recall of vehicles in Britain, which it launched last week, by 88,000 cars to a total of 390,000, in the wake of a BBC investigation which found that some vehicles could cut out completely while being driven. FILE PHOTO: Raindrops cover the bonnet of a BMW car… Continue reading BMW expands UK vehicle recall to 390,000 cars
UPDATE 1-Mercedes-Benz to make Tesla-rivalling electric compact car
FRANKFURT (Reuters) – Daimler (DAIGn.DE) will invest 500 million euros ($589 million) in Hambach, France, to start producing a small compact electric Mercedes-Benz in addition to its electric cars currently manufactured there for the Smart brand. FILE PHOTO: A Mercedes-Benz Concept EQA is displayed at the Las Vegas Convention Center during the 2018 CES in… Continue reading UPDATE 1-Mercedes-Benz to make Tesla-rivalling electric compact car
Porsche to recall 60,000 SUVs for emissions problems: German regulator
HAMBURG (Reuters) – Volkswagen’s (VOWG_p.DE) sports-car brand Porsche has been asked by Germany’s KBA automotive regulator to recall around 60,000 diesel-engined Macan and Cayenne sport-utility vehicles, a KBA spokesman said. A Porsche logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt German magazine Der Spiegel reported… Continue reading Porsche to recall 60,000 SUVs for emissions problems: German regulator
Mercedes to restart Alabama SUV plant next week after parts shortage
(Reuters) – Daimler AG’s (DAIGn.DE) Mercedes-Benz SUV plant in Alabama will resume production next week, the company said on Thursday, after being down this week because of parts shortages caused by a fire at a key supplier. The Mercedes-Benz logo is seen before the company’s annual news conference in Stuttgart, Germany, February 4, 2016. REUTERS/Michaela… Continue reading Mercedes to restart Alabama SUV plant next week after parts shortage
Diesel fallout is responsibility of carmakers: German minister
BERLIN (Reuters) – German carmakers will have to take responsibility for the fallout from their cheating in diesel cars’ emission tests, Transport Minister Andreas Scheuer said on Thursday. FILE PHOTO: German Transport Minister Andreas Scheuer arrives at German government guesthouse Meseberg Palace in Meseberg, Germany, April 10, 2018. REUTERS/Fabrizio Bensch In a statement issued by… Continue reading Diesel fallout is responsibility of carmakers: German minister
Volkswagen’s core brand pulls out of Paris auto show
BERLIN (Reuters) – Volkswagen’s (VOWG_p.DE) core autos brand will skip the Paris motor show this year, the company said on Thursday, becoming the latest and most prominent carmaker to ditch the biennial industry gathering in the French capital. FILE PHOTO: A worker shines the grill of a Volkswagen car displayed on media day at the… Continue reading Volkswagen’s core brand pulls out of Paris auto show
Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars
JERUSALEM (Reuters) – Mobileye, Intel Corp’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters. A general view of a Mobileye autonomous driving test vehicle, at the Mobileye headquarters in Jerusalem, May 15, 2018. Picture taken May 15,… Continue reading Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars
UPDATE 2-Ford resuming production of lucrative F-150 trucks on Friday
DETROIT (Reuters) – Ford Motor Co (F.N) said on Wednesday that production of its popular and highly profitable F-150 pickup trucks would resume on Friday at its Dearborn, Michigan, plant, which had been closed for more than a week because of parts shortages caused by a fire at a key supplier. FILE PHOTO: All-new Ford… Continue reading UPDATE 2-Ford resuming production of lucrative F-150 trucks on Friday
Volvo CEO says focussed on electrification, automation regardless of IPO
LONDON, May 16 (Reuters) – Volvo is working on how to meet the challenges of electrification and self-driving cars and has the funds to do so regardless of whether the firm launches a stock market flotation, its boss said on Wednesday. “We need to address these issues with electrification and automated drive,” Hakan Samuelsson said… Continue reading Volvo CEO says focussed on electrification, automation regardless of IPO