Maintains full-year guidance on operating profit, vehicle sales Less affected by global chip shortage than many rivals Shares extend loss after results, down 2% TOKYO, August 4 (Reuters) – Toyota Motor Corp (7203.T) posted a record quarterly operating profit on Wednesday as pandemic-hit sales rebounded, but refrained from raising its full-year estimate, citing rising COVID-19… Continue reading Autos & Transportation · 6:30 AM UTCToyota posts record profit but cautious on outlook as chip crunch weighsToyota Motor Corp (7203.T) posted a record…
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EnergyNissan’s battery partner to spend over $450 mln on new plant in Japan5:10 AM UTC
TOKYO, Aug 4 (Reuters) – Nissan Motor Co’s (7201.T) Chinese battery partner Envision AESC said on Wednesday it would spend 50 billion yen ($460 million) to build a new battery plant in Japan’s Ibaraki prefecture north of Tokyo. Over the long term, Envision could invest over 100 billion yen in the plant, which would start… Continue reading EnergyNissan’s battery partner to spend over $450 mln on new plant in Japan5:10 AM UTC
Technology · August 3, 2021 · 10:57 PM UTCLyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threatLyft Inc (LYFT.O) on T…
The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson Aug 3 (Reuters) – Lyft Inc (LYFT.O) on Tuesday posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and the spread of… Continue reading Technology · August 3, 2021 · 10:57 PM UTCLyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threatLyft Inc (LYFT.O) on T…
Indian auto part makers want Tesla’s entry to benefit local companies
A Tesla sales and service center is shown in Costa Mesa, California, U.S. June 28, 2018. REUTERS/Mike Blake/File Photo NEW DELHI, Aug 3 (Reuters) – India’s auto component makers want Tesla’s potential entry to benefit the country’s suppliers, and one way to achieve that is for the company to manufacture locally, the head of the… Continue reading Indian auto part makers want Tesla’s entry to benefit local companies
BMW pays 373 million euro fine to settle EU emissions probe
MUNICH, July 8 (Reuters) – BMW (BMWG.DE) said on Thursday it had agreed to a settlement proposed by the European Commission to end an antitrust investigation, saying it had been cleared of suspicion of using illegal ‘defeat devices’ to cheat emissions tests. The carmaker said it had paid a 373 million euro ($441 million) fine… Continue reading BMW pays 373 million euro fine to settle EU emissions probe
EU fines Volkswagen, BMW $1 billion for emissions cartel
Sets precedent by applying antitrust law to technical talks Daimler gets off fine after blowing whistle on cartel VW considering taking legal action BMW says cleared of suspicion of emissions cheating BRUSSELS, July 8 (Reuters) – The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on Thursday… Continue reading EU fines Volkswagen, BMW $1 billion for emissions cartel
TechnologyInfineon says chip supply situation “extremely tight”6:14 AM UTC
A close-up of a the Infineon microcontroller kit XMC 4700 is pictured at an exhibition during the German semiconductor manufacturer Infineon’s annual shareholder meeting in Munich, February 21, 2019. REUTERS/Andreas Gebert/File Photo BERLIN, Aug 3 (Reuters) – German chipmaker Infineon Technologies (IFXGn.DE) said on Tuesday it was battling extreme tightness in its markets as the… Continue reading TechnologyInfineon says chip supply situation “extremely tight”6:14 AM UTC
Autos & Transportation · 5:57 AM UTCBMW raises 2021 profit forecast, but chip shortage to hit second halfBMW (BMWG.DE)raised its profit forecast for 2…
A staff member stands near a BMW M3 GT2 vehicle displayed at the BMW booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song LONDON, Aug 3 (Reuters) – BMW (BMWG.DE)raised its profit forecast for 2021 on Tuesday after strong quarterly results, but warned that the global… Continue reading Autos & Transportation · 5:57 AM UTCBMW raises 2021 profit forecast, but chip shortage to hit second halfBMW (BMWG.DE)raised its profit forecast for 2…
Technology · 12:45 AM UTCChinese EV manufacturer Li Auto plans $1.9 bln Hong Kong listingChinese electric vehicle manufacturer Li Auto Inc (L87Ay.F), …
People stand near the logo of Chinese electric vehicle (EV) maker Li Auto at a product launch event in Beijing, China May 25, 2021. REUTERS/Yilei Sun Aug 3 (Reuters) – Chinese electric vehicle manufacturer Li Auto Inc (L87Ay.F), said on Tuesday it was looking to raise as much as HK$15.0 billion ($1.93 billion) in an… Continue reading Technology · 12:45 AM UTCChinese EV manufacturer Li Auto plans $1.9 bln Hong Kong listingChinese electric vehicle manufacturer Li Auto Inc (L87Ay.F), …
Autos & TransportationUber, Lyft seen boosted by return of riders, but driver shortage, stubborn virus cloud outlook3:03 PM UTC
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, U.S., May 13, 2020. REUTERS/Mike Blake/File Photo Aug 2 (Reuters) – Ride hailing companies Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) promised Wall Street they would be back on the road to profitability and… Continue reading Autos & TransportationUber, Lyft seen boosted by return of riders, but driver shortage, stubborn virus cloud outlook3:03 PM UTC