LONDON (Reuters) – BP has teamed up with Tesla to build its first battery storage project at one of its U.S. windfarms as part of a strategy to expand its renewable energy business, the energy group said on Tuesday. FILE PHOTO: The logo of BP is on display at a petrol station in Moscow, Russia,… Continue reading BP teams up with Tesla to venture into battery storage for windfarm
Author: Ritters US Newsfeed
NEWSMAKER-Cost-cutter Diess seen driving change as Volkswagen CEO
FRANKFURT, April 10 (Reuters) – Loved by investors and prepared to take on trade unions, Volkswagen brand boss Herbert Diess is likely to finally get his chance to lead Germany’s biggest carmaker which is expected to change faster under his cost-cutting style. Diess is known for squeezing more savings out of suppliers than fellow managers… Continue reading NEWSMAKER-Cost-cutter Diess seen driving change as Volkswagen CEO
UPDATE 2-Icahn to sell Federal-Mogul to Tenneco for $5.4 bln
(Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc (TEN.N) in a $5.4 billion deal that will also give him a stake in the company. FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York… Continue reading UPDATE 2-Icahn to sell Federal-Mogul to Tenneco for $5.4 bln
Auto parts maker Tenneco to buy Federal-Mogul for $5.4 bln
(Reuters) – Auto parts maker Tenneco Inc (TEN.N) said on Tuesday it would buy Federal-Mogul, a maker of powertrain components, from Icahn Enterprises LP (IEP.O) for $5.4 billion. Tenneco also said it would separate its combined businesses into two independent, publicly traded companies. Reporting by Arunima Banerjee in Bengaluru; Editing by Saumyadeb Chakrabarty Go to… Continue reading Auto parts maker Tenneco to buy Federal-Mogul for $5.4 bln
UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes
SAN FRANCISCO (Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer U.S. passengers an alternative to cars and further consolidating the crowded bike-sharing industry. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference… Continue reading UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes
GM Korea says it may drop Spark, replace with crossover
SEOUL (Reuters) – General Motors Co’s (GM.N) South Korean unit said on Monday it may discontinue its Spark mini car and replace it with a crossover, on falling demand in key U.S. market. The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji Sales for… Continue reading GM Korea says it may drop Spark, replace with crossover
Tesla to recall 8,898 vehicles in China from June 28 – China quality watchdog
BEIJING (Reuters) – China’s quality watchdog said on Monday that Tesla Inc (TSLA.O) will recall a total of 8,898 Model S vehicles in the country from June 28. A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson Tesla has been voluntarily recalling Model S sedans built before April 2016… Continue reading Tesla to recall 8,898 vehicles in China from June 28 – China quality watchdog
Uber rival Didi makes Mexico launch official, recruits drivers
MEXICO CITY/SAN FRANCISCO (Reuters) – Chinese ride-hailing company Didi Chuxing has publicly launched in Mexico with a website advertising its service to drivers and passengers and setting the stage for a potentially expensive showdown with rival Uber. FILE PHOTO: The logo of Didi Chuxing is seen at its headquarters in Beijing, China, May 18, 2016.… Continue reading Uber rival Didi makes Mexico launch official, recruits drivers
Ford wins approval for German banking licence
LONDON (Reuters) – Ford (F.N) said it had won approval from the European Central Bank for its application to set up a bank in Germany as part of its strategy to mitigate any risk from Britain leaving the European Union. “The European Central Bank has approved Ford Credit Europe (FCE) Bank’s application for a banking… Continue reading Ford wins approval for German banking licence
Peugeot boss says CO2 fines will create Chinese ‘Trojan Horse’
PARIS (Reuters) – A major European carmaker could be brought “to its knees” by carbon dioxide emissions fines, allowing a Chinese buyer to step in with its own electric vehicle technology, Peugeot maker PSA Group’s chief executive said. Carlos Tavares, Chairman of the Managing Board of Groupe PSA, speaks during a presentation during the 88th… Continue reading Peugeot boss says CO2 fines will create Chinese ‘Trojan Horse’