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Tesla recalling 2 million US vehicles over Autopilot safeguards

[1/2]A Model 3 Tesla vehicle navigates morning rush hour using the car’s auto pilot feature in Los Angeles, California, U.S., March 20, 2019. REUTERS/Mike Blake/File Photo Acquire Licensing Rights WASHINGTON, Dec 13 (Reuters) – Tesla (TSLA.O) is recalling just over two million vehicles in the United States to install new safeguards to prevent the misuse… Continue reading Tesla recalling 2 million US vehicles over Autopilot safeguards

Big investors spur consolidation, growth in EV charging sector

An electric vehicle charging station is seen at the Volkswagen display during the media day at the Canadian International AutoShow in Toronto, Ontario, Canada, February 14, 2019. REUTERS/Chris Helgren/File Photo Acquire Licensing Rights Show more companies Dec 13 (Reuters) – Big companies in Europe, North America and Asia are investing in the fast-moving global EV… Continue reading Big investors spur consolidation, growth in EV charging sector

US FTC finalizes car-buying rules to rein in junk fees, bait-and-switch

Federal Trade Commission seal is seen at a news conference at FTC headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas/File Photo Acquire Licensing Rights Show more companies WASHINGTON, Dec 12 (Reuters) – Auto dealers will be barred from luring vehicle buyers with promises they do not keep and will not be able to charge… Continue reading US FTC finalizes car-buying rules to rein in junk fees, bait-and-switch

South Korean auto battery firms take on Chinese rivals but with trepidation

Show more companies SEOUL, Dec 12 (Reuters) – Under pressure from clients eager to diversify away from China, South Korean makers of automotive batteries have pledged to develop a more affordable type of battery chemistry favoured by their Chinese rivals. But LG Energy Solution (LGES) (373220.KS), SK On and Samsung SDI (006400.KS) say it will… Continue reading South Korean auto battery firms take on Chinese rivals but with trepidation

Renault to sell first tranche of Nissan stake, booking 1.5 billion euro loss

[1/2]The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Le Coteau, France, July 13, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing Rights PARIS, Dec 12 (Reuters) – French carmaker Renault (RENA.PA) will sell a 5% stake in Nissan (7201.T), the first stage of a planned disposal of… Continue reading Renault to sell first tranche of Nissan stake, booking 1.5 billion euro loss

In 2023, bold EV strategies took a punch from reality

DETROIT, Dec 11 (Reuters) – This was the year the auto industry’s race toward an all-electric future took a detour. Heading into 2023, automakers were gearing up to invest $1.2 trillion by 2030 to move electric vehicles from niche products to mass-market models – many with batteries and software developed in-house, according to a Reuters… Continue reading In 2023, bold EV strategies took a punch from reality

Nordic pension funds will ask Tesla to respect collective bargaining in joint letter

[1/4]A general view of a Tesla store in Porsgrunn, Norway, December 24, 2021. Picture taken December 24, 2021. REUTERS/Victoria Klesty/File Photo Acquire Licensing Rights COPENHAGEN, Dec 11 (Reuters) – A group of Nordic pension funds will send a joint letter to Tesla Inc (TSLA.O) this week, urging the U.S. carmaker to respect collective bargaining for… Continue reading Nordic pension funds will ask Tesla to respect collective bargaining in joint letter