Author: Ritters US Newsfeed

BRIEF-China Automotive Systems’ Unit Enters JV Contract With KYB China

April 27 (Reuters) – China Automotive Systems Inc: * CHINA AUTOMOTIVE SYSTEMS INC – ON APRIL 27, UNIT OF CO ENTERED INTO A JOINT VENTURE CONTRACT WITH KYB (CHINA) INVESTMENT CO., LTD – SEC FILING * CHINA AUTOMOTIVE – HENGLONG, KYB WILL ESTABLISH A JOINT VENTURE COMPANY, HUBEI HENGLONG KYB AUTOMOBILE ELECTRIC STEERING SYSTEM CO.,… Continue reading BRIEF-China Automotive Systems’ Unit Enters JV Contract With KYB China

UPDATE 1-Autoliv Q1 profit lags forecast ahead of split

(Adds detail, background, share price) STOCKHOLM, April 27 (Reuters) – Autoliv , the world’s largest maker of airbags and seatbelts, reported quarterly earnings just below market expectations on Friday and said it would not deliver financial guidance for the group ahead of its impending split. The Swedish automotive supplier said its first-quarter operating profit rose… Continue reading UPDATE 1-Autoliv Q1 profit lags forecast ahead of split

Tesla’s board against proposal to require independent chairman

(Reuters) – Tesla Inc’s board recommended on Thursday that shareholders vote against a proposal that would require the electric car maker’s chairman to be an independent director, ahead of its annual meeting. FILE PHOTO: Tesla CEO Elon Musk unveils the Roadster 2 during a presentation in Hawthorne, California, U.S., November 16, 2017. Tesla/Handout via REUTERS/File… Continue reading Tesla’s board against proposal to require independent chairman

Toyota to invest $170 mln in Mississippi plant, create 400 jobs

DETROIT (Reuters) – Toyota Motor Corp (7203.T) will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday. FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File… Continue reading Toyota to invest $170 mln in Mississippi plant, create 400 jobs

BRIEF-Magna And BHAP Create JV To Supply Door Modules To Automakers In China

April 26 (Reuters) – Magna International Inc: * MAGNA AND BHAP CREATE JOINT VENTURE TO SUPPLY DOOR MODULES TO AUTOMAKERS IN CHINA * MAGNA INTERNATIONAL INC – JOINT VENTURE AND PRODUCTION FACILITY WOULD ALLOW BOTH MAGNA AND BHAP TO FURTHER EXPAND PRESENCE IN CHINA * MAGNA INTERNATIONAL INC – PRODUCTION WITHIN FACILITY IS SCHEDULED TO… Continue reading BRIEF-Magna And BHAP Create JV To Supply Door Modules To Automakers In China

UPDATE 4-GM results dented by pickup truck changeover

DETROIT (Reuters) – General Motors Co (GM.N) on Thursday reported better-than-expected first-quarter earnings despite a drop in production of high-margin pickup trucks as it gears up for new models, but investors disappointed by the automaker’s lower pre-tax profit sent its shares down more than 2 percent. FILE PHOTO: The GM logo is seen at the… Continue reading UPDATE 4-GM results dented by pickup truck changeover

UPDATE 2-Fiat Chrysler cuts debt by more than expected

MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) (FCHA.MI) reduced its debts by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year. FILE PHOTO: Sergio Marchionne, CEO, Fiat Chrysler Automobiles, speaks with journalists at the North American International Auto Show in Detroit, Michigan, U.S., January… Continue reading UPDATE 2-Fiat Chrysler cuts debt by more than expected

Peugeot’s UK Vauxhall car workers agree pay deal as dispute in Germany continues

LONDON (Reuters) – Workers at Peugeot-maker (PEUP.PA) PSA’s Vauxhall car plant in Britain have agreed a pay deal with the French automaker, the Unite Union said on Thursday, as a dispute with the firm’s Opel workers in Germany continues. A general view of the Vauxhall car plant in Ellesmere Port, Britain, January 10, 2018. REUTERS/Phil… Continue reading Peugeot’s UK Vauxhall car workers agree pay deal as dispute in Germany continues

BRIEF-Fiat Chrysler CEO says next investment cycle will take time to happen

April 26 (Reuters) – Fiat Chrysler Automobiles CEO Sergio Marchionne: * COMMENTING ON LOWER DEBT IN Q1, SAYS CURRENT INVESTMENT CYCLE COMING TO AN END, NEXT PHASE WILL TAKE TIME TO MATERIALISE Further company coverage: (Reporting by Milan newsroom) Our Standards:The Thomson Reuters Trust Principles. Go to Source