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 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 in… Continue reading CORRECTED-UPDATE 1-Ford halts F-series, Super Duty production due to parts shortage
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UPDATE 1-Ford halts F-series, Super Duty production due to parts shortage
(Adds details, context on potential financial impact.) By Joseph White DETROIT, May 9 (Reuters) – Ford Motor Co said on Wednesday it has halted production of some of its most profitable vehicles, the F-150 and Super Duty pickup trucks, at two U.S. factories after a fire at a supplier plant that produces parts for the… Continue reading UPDATE 1-Ford halts F-series, Super Duty production due to parts shortage
Toyota flags lower annual operating profit on higher yen
TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Wednesday forecast a 4.2 percent slide in operating profit for the current financial year, as it expects a stronger yen to offset slightly higher global vehicle sales and cost reductions. The Toyota company logo is pictured at the India Auto Show 2018 in Greater Noida, India, February… Continue reading Toyota flags lower annual operating profit on higher yen
BRIEF-Carbures Signs Deal With Textron To Manufacture Composite Parts For Specialized Vehicles
* SIGNS A CONTRACT WITH TEXTRON TO MANUFACTURE COMPOSITE PARTS FOR SPECIALIZED VEHICLES Further company coverage: (Gdynia Newsroom) Go to Source
UPDATE 1-S.Korea says GM deal to ensure it remains in country for at least 10 years
SEOUL (Reuters) – South Korea’s finance minister said on Wednesday the country will limit General Motors’ (GM.N) right to sell shares and assets in its South Korean unit so that the U.S. automaker is kept from leaving the nation for at least 10 years. FILE PHOTO: The logo of GM Korea is seen at its… Continue reading UPDATE 1-S.Korea says GM deal to ensure it remains in country for at least 10 years
Audi eyes 800,000 electric and hybrid car sales in 2025
BERLIN, May 8 (Reuters) – German premium brand Audi on Tuesday said it plans to sell about 800,000 battery-electric and hybrid powered cars in 2025, as it seeks to catch up with electric car rival Tesla and emerge from a damaging emissions-cheating scandal. Audi’s image has been tarnished by regulatory probes investigating what role its… Continue reading Audi eyes 800,000 electric and hybrid car sales in 2025
New VW CEO testified in U.S. on emissions scandal – report
BERLIN (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess traveled to the United States this month to testify to authorities there about the carmaker’s emissions scandal, German newspaper Bild reported on Tuesday. A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt Diess, who took… Continue reading New VW CEO testified in U.S. on emissions scandal – report
UPDATE 3-Uber sets safety review; media report says software cited in fatal crash
(Reuters) – Uber Technologies Inc [UBER.UL] on Monday said it has retained a former top U.S. transportation official to advise it on safety after a fatal self-driving crash in March, but it declined to comment on a technology website’s report that a software flaw was responsible for the accident. The Uber logo is displayed on… Continue reading UPDATE 3-Uber sets safety review; media report says software cited in fatal crash
Nissan to gradually withdraw from diesel vehicle market in Europe
PARIS (Reuters) – Japanese carmaker Nissan will gradually stop selling diesel cars in Europe, in a further sign of weakening demand for those cars as customers worry about tax rises and looming bans and restrictions related to diesel in many countries. FILE PHOTO: The logo of Nissan is seen during the 88th International Motor Show… Continue reading Nissan to gradually withdraw from diesel vehicle market in Europe
BRIEF-Tesla Says We Continually Evaluate Capital Expenditure Needs & May Raise Additional Capital To Fund Growth Of Business
May 7 (Reuters) – Tesla Inc: * TESLA, GIVING NO TIMEFRAME, SAYS WE CONTINUALLY EVALUATE CAPITAL EXPENDITURE NEEDS & MAY RAISE ADDITIONAL CAPITAL TO FUND GROWTH OF BUSINESS – SEC FILING Source text: [bit.ly/2FRNCLs] Further company coverage: Our Standards:The Thomson Reuters Trust Principles. Go to Source