The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, Feb 1 (Reuters) – General Motors Co (GM.N) on Tuesday said it will spend more than the $35 billion previously planned through… Continue reading GM prioritizes faster EV launches ahead of fatter profits
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Some cars’ systems designed to keep drivers’ eyes on the road fail -AAA study
Cars travel north towards Los Angeles on Interstate highway 5 in San Diego, California February 10, 2016. Picture taken February 10. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Feb 1 (Reuters) – Some vehicles equipped with automated assistance technology aimed at keeping drivers alert and watching the road fail at that… Continue reading Some cars’ systems designed to keep drivers’ eyes on the road fail -AAA study
China’s Great Wall says will invest $1.8 billion in Brazil over next decade
A Haval HB-03 Hybrid car from Great Wall Motors is displayed at Shanghai Auto Show during its media day, in Shanghai, China April 19, 2017. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Jan 28 (Reuters) – (This January 28 story corrects investment figure to $1.8 bln, from $1.9 bln in… Continue reading China’s Great Wall says will invest $1.8 billion in Brazil over next decade
Stellantis could axe 1,400 jobs in France, say union sources
The logo of Stellantis is seen in this image provided on November 9, 2020. Communication FCA /Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register PARIS, Jan 31 (Reuters) – Automaker Stellantis (STLA.MI) could cut up to 1,400 jobs in France this year as it continues to adapt to a changing industry,… Continue reading Stellantis could axe 1,400 jobs in France, say union sources
JLR owner Tata Motors posts quarterly loss, warns of higher costs
BENGALURU, Jan 31(Reuters) – Jaguar Land Rover (JLR) owner Tata Motors Ltd (TAMO.NS) reported a quarterly loss on Monday that was bigger than expected and warned of rising inflationary costs. Automakers worldwide have been roiled by chip shortages, supply chain disruptions, COVID-19 restrictions and rising raw material prices after a short-lived recovery towards the end… Continue reading JLR owner Tata Motors posts quarterly loss, warns of higher costs
Cox Automotive launches Mobility unit aimed at carmakers, dealers, fleets
Auto dealership owners take a look at vehicles being auctioned off during an auto auction at Manheim Detroit Auto Auction in Carleton, Michigan August 14, 2013. REUTERS/Rebecca Cook Register now for FREE unlimited access to Reuters.com Register Jan 31 (Reuters) – Atlanta-based Cox Automotive, a unit of privately held Cox Enterprises (COXET.UL), has launched a… Continue reading Cox Automotive launches Mobility unit aimed at carmakers, dealers, fleets
ABB increases majority stake in Chinese EV charging provider
The logo of Swiss power technology and automation group ABB is seen at a plant in Baden, Switzerland January 28, 2019. REUTERS/Arnd Wiegmann BERLIN, Jan 31 (Reuters) – ABB (ABBN.S) said on Monday it had increased its majority stake in Chinese electric vehicle (EV) charging provider Chargedot to 80% from 67%. The financial terms of… Continue reading ABB increases majority stake in Chinese EV charging provider
Ford, GM juggle today’s challenges with tomorrow’s promises
DETROIT, Jan 28 (Reuters) – General Motors Co (GM.N) and Ford Motor Co (F.N) are expected to report next week they turned solid profits for the last quarter of 2021, but rarely has past performance mattered less to investors. The two Detroit automakers are in mid-leap between a combustion-powered present, and a future they have… Continue reading Ford, GM juggle today’s challenges with tomorrow’s promises
Cathie Wood’s ARK buys the dip in Tesla shares after months of selling
Jan 28 (Reuters) – Star stock picker and noted Tesla Inc (TSLA.O) bull Cathie Wood’s ARK Invest took advantage of a slump in the electric-car maker’s shares following its results, piling into the stock after months of paring back holdings. The investment company bought 33,482 Tesla shares on Thursday, worth nearly $28 mln based on… Continue reading Cathie Wood’s ARK buys the dip in Tesla shares after months of selling
China’s Great Wall says will invest $1.9 billion in Brazil over next decade
A Haval HB-03 Hybrid car from Great Wall Motors is displayed at Shanghai Auto Show during its media day, in Shanghai, China April 19, 2017. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Jan 28 (Reuters) – China’s Great Wall Motor (601633.SS) said on Friday it will invest 11.5 billion yuan… Continue reading China’s Great Wall says will invest $1.9 billion in Brazil over next decade