By David Shepardson 2 Min Read FILE PHOTO: Honda’s logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, Feb. 19, 2019. REUTERS/Kim Kyung-hoon WASHINGTON (Reuters) – Honda Motor Co said on Tuesday it will extend production suspensions at some North American plants into the week of March 29… Continue reading Honda to extend production suspension at some North American plants
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GM says no reason to cut Brazil auto production as rivals curb output due to pandemic
By Marcelo Rochabrun 2 Min Read SAO PAULO (Reuters) – General Motors Co on Monday said it saw no reason to cut auto production in Brazil due to the worsening pandemic, striking a different tone to two other vehicle manufacturers who have curbed production, citing health concerns. Slideshow ( 2 images ) On Friday, Volkswagen… Continue reading GM says no reason to cut Brazil auto production as rivals curb output due to pandemic
VW’s SEAT wants to build battery assembly plant in Barcelona area
By Joan Faus 3 Min Read BARCELONA (Reuters) – Volkswagen’s Spanish automaker SEAT wants to locate a battery assembly plant near its Barcelona factory to support electric car production there from 2025, providing it gets financial and other support from Spanish and EU authorities, its chairman said on Monday. Slideshow ( 5 images ) Wayne… Continue reading VW’s SEAT wants to build battery assembly plant in Barcelona area
ANALYSIS-Electric shock: German auto stocks get a new lease of life
By Danilo Masoni, Thyagaraju Adinarayan 5 Min Read LONDON (Reuters) – Volkswagen and BMW’s plans to grab market share in the fast-growing electric car market and challenge Tesla could shift the dial for their cheaply priced shares. FILE PHOTO: The BMW iNEXT electric autonomous concept car is introduced during a BMW press conference at the… Continue reading ANALYSIS-Electric shock: German auto stocks get a new lease of life
BMW expects at least half of sales to be electric cars by 2030
By Nick Carey, Riham Alkousaa 3 Min Read (Reuters) – BMW expects at least half of its sales to be zero emission vehicles by 2030, setting a more conservative target than some rivals in the race to embrace cleaner driving. In the short term, the German carmaker forecast on Wednesday a big rise in pretax… Continue reading BMW expects at least half of sales to be electric cars by 2030
Volkswagen suspends production in Brazil for 12 days due to COVID
By Reuters Staff 1 Min Read FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song SAO PAULO (Reuters) – Volkswagen will suspend auto production in Brazil for 12 days as of March 24 due to the worsening… Continue reading Volkswagen suspends production in Brazil for 12 days due to COVID
Chinese military bans Tesla cars in its complexes on camera concerns: sources
By Reuters Staff 3 Min Read (Reuters) – The Chinese military banned Tesla cars from entering military housing complexes, citing security concerns over the cameras installed on the vehicles, according to two people who saw notices of the directive. FILE PHOTO: A man wearing a face mask following the coronavirus disease (COVID-19) outbreak walks by… Continue reading Chinese military bans Tesla cars in its complexes on camera concerns: sources
Toyota to halt production at Czech car plant due to shortage of semiconductors: CTK agency
By Reuters Staff 1 Min Read FILE PHOTO: The logo of Toyota carmaker is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard PRAGUE (Reuters) – Toyota’s Czech unit Toyota Motor Manufacturing Czech Republic will halt production at its car plant in Kolin, east of Prague, for 14 days from March 22… Continue reading Toyota to halt production at Czech car plant due to shortage of semiconductors: CTK agency
Exclusive: Foxconn and Vietnam’s VinFast explore partnership, talks focus on batteries, EV parts
By Reuters Staff 3 Min Read TAIPEI/HANOI (Reuters) – Vietnam’s largest conglomerate Vingroup said on Friday its car unit was in early stage talks with Taiwan’s Foxconn about working together and that any partnership formed would focus on developing batteries and electric car parts. Slideshow ( 2 images ) Foxconn has proposed acquiring EV production… Continue reading Exclusive: Foxconn and Vietnam’s VinFast explore partnership, talks focus on batteries, EV parts
Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources
By Yilei Sun, Tony Munroe 3 Min Read BEIJING (Reuters) – China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles. FILE PHOTO: A building… Continue reading Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources