Author: Ritters US Newsfeed

Automakers and their allies call for more breaks in Trump tariff plan

WASHINGTON, March 9 (Reuters) – Global automakers and vehicle suppliers are pressing the Trump administration and U.S. Congress to exempt the European Union and other allies from new steel and aluminum tariffs set to take effect later this month, industry officials said on Friday. The proclamation President Donald Trump signed Thursday allows importers to seek… Continue reading Automakers and their allies call for more breaks in Trump tariff plan

Waymo’s self-driving trucks to haul cargo for Google in Atlanta

March 9 (Reuters) – Waymo, the autonomous vehicle arm of Alphabet Inc, said on Friday it would launch a self-driving trucks pilot in Atlanta to carry cargo for Google’s data centers. The announcement comes two days after rival Uber Technologies said its self-driving trucks will haul cargo on Arizona highways. Waymo had been road testing… Continue reading Waymo’s self-driving trucks to haul cargo for Google in Atlanta

Britain’s GKN signs deal with Dana over auto tie-up

(Reuters) – Britain’s GKN (GKN.L) said it had agreed to merge its automotive business with Dana Incorporated (DAN.N) to create Dana Plc, adding the deal provided “significantly greater value” for its shareholders than Melrose Plc’s (MRON.L) 7 billion pound ($9.68 billion) hostile bid. The proposed deal gives GKN Driveline a total enterprise value of $6.1… Continue reading Britain’s GKN signs deal with Dana over auto tie-up

BRIEF-Dana To Combine With GKN’s Driveline Division

March 9 (Reuters) – Dana Inc: * DANA ANNOUNCES AGREEMENT TO COMBINE WITH GKN’S DRIVELINE DIVISION * DEAL INCLUDES ‍133 MILLION NEW DANA PLC SHARES ISSUED TO GKN SHAREHOLDERS, VALUED AT ABOUT $3.5 BILLION * ‍DEAL INCLUDES ASSUMPTION OF ABOUT $1.0 BILLION OF NET PENSION LIABILITIES, AND 133 MILLION NEW DANA PLC​ SHARES * TOTAL… Continue reading BRIEF-Dana To Combine With GKN’s Driveline Division

UPDATE 1-GM plans to expand Bolt EV output, asks Congress to help

WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra called on the U.S. Congress on Wednesday to expand a consumer tax credit for electric vehicles as the automaker said it would boost production of its EV Chevrolet Bolt in response to strong demand. CEO of General Motors Mary Barra speaks with energy scholar… Continue reading UPDATE 1-GM plans to expand Bolt EV output, asks Congress to help

Electric sportscars blur the need for speed

* Electric supercars have edge on acceleration * Engine, battery performance more important over time -Porsche * Lamborghini sees need to differentiate products in EV era By Andreas Cremer GENEVA, March 7 (Reuters) – Established sports car brands such as Porsche and Lamborghini are losing the speed crown to lesser-known rivals offering electric supercars boasting… Continue reading Electric sportscars blur the need for speed

BRIEF-Fiat CEO does not rule out industrial partner for Magneti Marelli

March 7 (Reuters) – Fiat Chrysler Automobiles (FCA) Chief Executive Sergio Marchionne says: * NOT PLANNING TO SELL MAGNETI MARELLI * TO DISTRIBUTE TO ITS SHAREHOLDERS MAGNETI MARELLI SHARES, BOURSE LISTING WILL BE AUTOMATIC * DOES NOT RULE OUT INDUSTRIAL PARTNER FOR MAGNETI MARELLI * FOLLOWING ACEA MEETING, GERMAN PRODUCERS COMMITTED TO KEEPING DIESEL AS… Continue reading BRIEF-Fiat CEO does not rule out industrial partner for Magneti Marelli

Kobe Steel, Toyota hit with U.S. lawsuit over vehicle metal quality

NEW YORK (Reuters) – U.S. consumers have filed a lawsuit against Kobe Steel Ltd (5406.T) and Toyota Motor Corp (7203.T) accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of substandard metal components in vehicles. The Kobe Steel (Kobelco) logo is seen on the company’s headquarters in Kobe,… Continue reading Kobe Steel, Toyota hit with U.S. lawsuit over vehicle metal quality

Daimler’s R&D chief sees nickel rich batteries gaining traction

GENEVA, March 6 (Reuters) – The car industry is moving towards making electric car batteries with a higher ratio of nickel, Ola Kaellenius, Daimler board member responsible for research and development, said on Tuesday. High cobalt prices have been pushing manufacturers to adjust the recipe for the batteries used to power electric cars to reduce… Continue reading Daimler’s R&D chief sees nickel rich batteries gaining traction