By Reuters Staff 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 SHANGHAI (Reuters) – Nissan Motor Co’s passenger and light vehicle business in China increased unit sales… Continue reading Nissan’s China passenger and light vehicle sales jump 70.6% in first quarter
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LG Electronics fans bemoan end of era as firm exits smartphone business
By Joyce Lee, Heekyong Yang 3 Min Read SEOUL (Reuters) – Fans of LG Electronics smartphones rued the loss of more affordable Android-based devices after the South Korean tech company said on Monday it would quit the business, with some praising LG for the innovation it brought to the industry. Slideshow ( 3 images )… Continue reading LG Electronics fans bemoan end of era as firm exits smartphone business
Tesla files a petition against U.S. labor board order
By Reuters Staff 2 Min Read FILE PHOTO: A Tesla service center is shown in Costa Mesa, California, U.S., March 18, 2020. REUTERS/Mike Blake (Reuters) – Tesla Inc has filed an appeal on a U.S. National Labor Relations Board ruling that the electric-car maker had violated U.S. labor law, and on the agency’s order that… Continue reading Tesla files a petition against U.S. labor board order
Volkswagen pulls name-change stunt after it backfires on social media
WASHINGTON (Reuters) -Volkswagen AG’s U.S. unit apologized on Wednesday after a false statement it issued about a name change was widely slammed on social media. FILE PHOTO: A Volkswagen logo is show with an American flag at a car dealership in Carlsbad, California, U.S., September 23, 2020. REUTERS/Mike Blake/File Photo The company acknowledged that the… Continue reading Volkswagen pulls name-change stunt after it backfires on social media
Exclusive: Volkswagen to buy credits from Tesla in China to comply with environmental rules – sources
By Yilei Sun, Tony Munroe 3 Min Read BEIJING (Reuters) – A Volkswagen joint venture in China has agreed to buy green car credits from Tesla to help meet local environmental rules, three people briefed on the matter told Reuters. FILE PHOTO: Volkswagen’s new electric car ID.4 SUV is pictured during its handover by the… Continue reading Exclusive: Volkswagen to buy credits from Tesla in China to comply with environmental rules – sources
Liberty Steel owner Gupta tells creditors: Don’t pull the plug
By Reuters Staff 2 Min Read Slideshow ( 2 images ) LONDON (Reuters) – Liberty Steel owner Sanjeev Gupta said he had huge interest from financiers willing to refinance billions of dollars in debt owed to failed lender Greensill Capital and cautioned creditors against pulling the plug and destroying thousands of jobs. “Actually we have… Continue reading Liberty Steel owner Gupta tells creditors: Don’t pull the plug
U.S. ITC says SK Innovation didn’t infringe on LG Energy Solution patents
By Reuters Staff 1 Min Read FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – The U.S. International Trade Commission (ITC) said on Wednesday South Korean battery company SK Innovation Co Ltd did not violate rival LG… Continue reading U.S. ITC says SK Innovation didn’t infringe on LG Energy Solution patents
Ford to provide update on financial impact of chip shortage on April 28
By Reuters Staff 1 Min Read FILE PHOTO: A Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay DETROIT (Reuters) – Ford Motor Co said on Wednesday it would provide an update on April 28 to the expected hit to its 2021 profits because of… Continue reading Ford to provide update on financial impact of chip shortage on April 28
Volvo Cars to review options including IPO, Geely says
By Reuters Staff 1 Min Read FILE PHOTO: Workers are seen on a production line for Polestar, Volvo and Lynk&Co vehicles at a Geely plant in Taizhou, Zhejiang province, China July 29, 2020. Picture taken July 29, 2020. REUTERS/Yilei Sun/File Photo BEIJING (Reuters) – China’s Zhejiang Geely Holding Group said on Wednesday its Volvo Cars… Continue reading Volvo Cars to review options including IPO, Geely says
Aurora, Volvo are latest partners on self-driving heavy trucks
By Paul Lienert, Hyunjoo Jin 3 Min Read (Reuters) – Global heavy truck manufacturers are lining up technology partners to help build out self-driving systems for long-haul freight that could see widespread commercial service well before self-driving robotaxis. FILE PHOTO: The logo of Volvo is seen on the front grill of a Volvo XC40 SUV… Continue reading Aurora, Volvo are latest partners on self-driving heavy trucks