BEIJING (Reuters) – Ford Motor Co’s (F.N) vehicle sales in China fell 26 percent in April, the company said on Friday, as its business remained under pressure in the world’s biggest auto market partly due to a dearth of fresh products. FILE PHOTO: The new Ford Focus car is displayed during a media preview at… Continue reading UPDATE 1-Ford’s April China vehicle sales slump 26 pct y/y
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South Korea takes more cautious view on GM Korea turnaround than U.S. automaker
SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit is expected to swing to a profit from 2022, state-run Korea Development Bank (KDB) said on Friday, offering a more subdued outlook for the troubled unit compared with the U.S. automaker which sees a profit from 2019. FILE PHOTO: Employees work at an assembly line of… Continue reading South Korea takes more cautious view on GM Korea turnaround than U.S. automaker
UPDATE 1-China’s Didi apologises after killing of passenger sparks safety fears
BEIJING/SHANGHAI (Reuters) – China’s biggest ride-sharing company apologized on Thursday over the killing of a passenger, apparently by her driver, and said it had to win back the trust of users after a “tragedy” that has sparked a widespread debate on Chinese social media. FILE PHOTO: The logo of Didi Chuxing is seen at its… Continue reading UPDATE 1-China’s Didi apologises after killing of passenger sparks safety fears
GM sees custom designs, personal ownership for self-driving cars
(Reuters) – General Motors Co (GM.N), which plans a ride-sharing fleet of robotaxis for next year, is looking at further business opportunities for self-driving cars, such as custom designs that could be almost unrecognizable from those of today, a top executive said on Thursday. FILE PHOTO: GM’s planned Cruise AV driverless car features no steering… Continue reading GM sees custom designs, personal ownership for self-driving cars
UK’s Go-Ahead Group to start on-demand minibus service in Oxford
LONDON, May 10 (Reuters) – British bus and rail company Go-Ahead Group said on Thursday it was launching an on-demand minibus service in Oxford, as it bids to tap into a growing market for technology-led transport alternatives to cars. Passengers would be able to request a pick-up at a “virtual bus stop” using a mobile… Continue reading UK’s Go-Ahead Group to start on-demand minibus service in Oxford
GM can’t sell stake in S.Korea unit over next 5 years under rescue deal – S.Korea
SEOUL, May 10 (Reuters) – General Motors can’t sell any of its 77 percent stake in its troubled South Korean unit over the next five years and has to keep its holding at over 35 percent between 2023 and 2028, South Korea said on Thursday, unveiling details of a new deal with the U.S. automaker.… Continue reading GM can’t sell stake in S.Korea unit over next 5 years under rescue deal – S.Korea
UPDATE 5-Ford says lost truck production will hit 2nd qtr earnings
DETROIT (Reuters) – Ford Motor Co (F.N) is working with a key supplier to shift some parts production from Michigan to Ontario, Canada, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies’ plans. The Ford logo is seen… Continue reading UPDATE 5-Ford says lost truck production will hit 2nd qtr earnings
UPDATE 4-Ford scrambles to restart truck production after fire at supplier
DETROIT (Reuters) – Ford Motor Co (F.N) is working with a key supplier to shift some parts production from Michigan to Ontario, Canada, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies’ plans. The Ford logo is seen… Continue reading UPDATE 4-Ford scrambles to restart truck production after fire at supplier
UPDATE 3-Ford halts F-series, Super Duty production after fire at supplier
DETROIT (Reuters) – Ford Motor Co (F.N) said on Wednesday it has halted production of some of its most profitable vehicles, the F-150 and Super Duty full-size pickup trucks, at two U.S. factories after a fire at a supplier plant that produces parts for the trucks. Production of F-150 pickups at a third Ford plant… Continue reading UPDATE 3-Ford halts F-series, Super Duty production after fire at supplier
UPDATE 2-Ford halts F-series, Super Duty production after fire at supplier
DETROIT (Reuters) – Ford Motor Co (F.N) said on Wednesday it has halted production of some of its most profitable vehicles, the F-150 and Super Duty full-size pickup trucks, at two U.S. factories after a fire at a supplier plant that produces parts for the trucks. Production of F-150 pickups at a third Ford plant… Continue reading UPDATE 2-Ford halts F-series, Super Duty production after fire at supplier