By Reuters Staff 1 Min Read BERLIN, April 21 (Reuters) – Carmaker Daimler is to put up to 18,500 workers in Germany on short-time work due to a shortage of chips, Focus Online reported on Wednesday, citing Germany’s dpa news agency. (Reporting by Madeline Chambers Editing by Riham Alkousaa) Go to Source
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Breakingviews – Capital Calls – Great Wall Motor risks hitting speed limit
By Reuters Staff 2 Min Read Different series of Kweichow Moutai liquor are seen at a tasting section inside a direct sale store in Beijing, China November 2, 2020. Picture taken November 2, 2020. REUTERS/Tingshu Wang HONG KONG (Reuters Breakingviews) – GREAT STALL. Chinese carmaker Great Wall Motor may be driving too fast. On Tuesday,… Continue reading Breakingviews – Capital Calls – Great Wall Motor risks hitting speed limit
Daimler to hire 1,000 programmers in Germany -Automobilwoche
By Reuters Staff 1 Min Read FILE PHOTO: The Daimler logo is seen before the carmaker’s annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke/File Photo BERLIN (Reuters) – German carmaker Daimler will create 1,000 new jobs for software programmers at its S-Class production facility to develop its planned operating system for electric… Continue reading Daimler to hire 1,000 programmers in Germany -Automobilwoche
Nissan to slash Japanese production in May due to chip shortage -sources
By Maki Shiraki 1 Min Read FILE PHOTO: Nissan Motor’s logo is displayed during a press preview for the company’s new Ariya all-battery SUV at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Nissan Motor Co will slash production at severalfactories in Japan next month due… Continue reading Nissan to slash Japanese production in May due to chip shortage -sources
Daimler’s Spanish unit can be liable for cartel damages, EU court adviser says
By Foo Yun Chee 3 Min Read BRUSSELS (Reuters) -Daimler’s Spanish unit can be liable for damages sought by companies affected by the German carmaker’s role in a truck cartel fined by EU antitrust regulators five years ago, an adviser to Europe’s top court said on Thursday. FILE PHOTO: Daimler AG sign is pictured at… Continue reading Daimler’s Spanish unit can be liable for cartel damages, EU court adviser says
Chip shortage weighs on car sector recovery – Volkswagen CEO
By Reuters Staff 1 Min Read Slideshow ( 2 images ) FRANKFURT (Reuters) – An ongoing shortage of crucial semiconductors is the only factor weighing on a global recovery of the car sector from the coronavirus crisis, Herbert Diess, chief executive of Volkswagen AG, said on Thursday. Demand is picking up in the United States,… Continue reading Chip shortage weighs on car sector recovery – Volkswagen CEO
Analysis: As U.S. watchdog steps up scrutiny, Grab deal signals blank-check party peak
By Katanga Johnson, Joshua Franklin 5 Min Read WASHINGTON/NEW YORK (Reuters) – While the blank-check deals market reached new heights this week with Grab Holdings’ record $40 billion merger, some lawyers and regulatory experts said the exuberance was unlikely to last as the U.S. securities watchdog steps up scrutiny of such deals. FILE PHOTO: The… Continue reading Analysis: As U.S. watchdog steps up scrutiny, Grab deal signals blank-check party peak
Ford details new production cuts due to global chip shortage
By Ben Klayman 4 Min Read DETROIT (Reuters) -Ford Motor Co on Wednesday outlined another series of plant shutdowns due to the global semiconductor chip shortage, with five facilities in the United States and one in Turkey affected. Slideshow ( 4 images ) The No. 2 U.S. automaker did not outline how many vehicles would… Continue reading Ford details new production cuts due to global chip shortage
VW must repay customers who took loans on rigged diesels, says court
By Reuters Staff 2 Min Read A reacquired Volkswagen diesel car sits in a desert graveyard near Victorville, California, U.S. March 28, 2018. Volkswagen AG has paid more than $7.4 billion to buy back about 350,000 vehicles, the automaker said in a recent court filing, and is now storing thousands of vehicles around the United… Continue reading VW must repay customers who took loans on rigged diesels, says court
Volkswagen clinches wage deal with Germany’s IG Metall union
By Christoph Steitz 2 Min Read FRANKFURT (Reuters) -Europe’s largest carmaker Volkswagen has agreed a wage deal with Germany’s most powerful union for 120,000 employees, representing 18% of its workforce, it said on Tuesday. FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai,… Continue reading Volkswagen clinches wage deal with Germany’s IG Metall union