By Ben Klayman 3 Min Read DETROIT (Reuters) – Ford Motor Co said on Thursday it will for now assemble its flagship, highly profitable F-150 pickup trucks and Edge SUVs in North America without certain parts and idle two assembly plants due to the global semiconductor chip shortage. FILE PHOTO: Ford logo is pictured at… Continue reading Ford partly assembling some vehicles, idling two plants due to chip shortage
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Toyota says it reported Thai bribery probe to U.S. SEC and DoJ
By Reuters Staff 1 Min Read FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo (Reuters) – Toyota Motor Corp said on Thursday it had reported possible violations of anti-bribery laws involving a subsidiary in Thailand to the U.S. Securities and… Continue reading Toyota says it reported Thai bribery probe to U.S. SEC and DoJ
Electric truck startup Lordstown slumps 12% on SEC probe
By Sanjana Shivdas, Ankit Ajmera 3 Min Read (Reuters) – Lordstown Motors Corp shares plunged nearly 12% on Thursday after the electric pickup truck firm disclosed a regulatory inquiry over a short seller’s report claiming the company was using “fake” orders to raise capital. FILE PHOTO: U.S. Nikola’s logo is pictured at an event held… Continue reading Electric truck startup Lordstown slumps 12% on SEC probe
Air taxi startup Volocopter eyes fresh capital, SPAC an option: CEO
By Nadine Schimroszik, Douglas Busvine 3 Min Read BERLIN (Reuters) – German air taxi startup Volocopter plans to raise fresh funds from investors, its Chief Executive Florian Reuter said on Thursday, adding that a deal to go public via a special purpose acquisition company (SPAC) was one option. FILE PHOTO: A Volocopter air taxi performs… Continue reading Air taxi startup Volocopter eyes fresh capital, SPAC an option: CEO
Renault sees its electric, hybrid car sales doubling in 2021: sources
By Gilles Guillaume 3 Min Read PARIS (Reuters) – France’s Renault expects its sales of electric and hybrid cars to more than double to 350,000 in 2021, two sources close to the company said, as automakers battle to get ahead in cleaner driving. FILE PHOTO: A logo of Renault carmaker is pictured at a dealership… Continue reading Renault sees its electric, hybrid car sales doubling in 2021: sources
Nikola, Lordstown shares drop in latest sign of turbulence for EV sector
By Reuters Staff 2 Min Read FILE PHOTO: U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca (Reuters) – Shares of Nikola Corp, hit by a key investor cutting its stake,… Continue reading Nikola, Lordstown shares drop in latest sign of turbulence for EV sector
EV frenzy over Volkswagen shares draws regulator’s attention
By Danilo Masoni 2 Min Read (Reuters) – An outsized rally in Volkswagen shares has drawn the attention of Germany’s top market watchdog as heavy volume trading spurred by the carmaker’ electric vehicle ambitions set the stock for one of its best weeks ever. Slideshow ( 2 images ) Shares in Volkswagen rose as much… Continue reading EV frenzy over Volkswagen shares draws regulator’s attention
Nikola strategic partner Hanwha to cut its bet on electric-truck maker by half
By Reuters Staff 2 Min Read (Reuters) – Nikola Corp said on Wednesday that South Korea’s Hanwha Corp has decided to sell up to half of its stake this year, setting out to reduce its bets on the prospects of the electric-truck maker.7 FILE PHOTO: U.S. Nikola’s logo is pictured at an event held to… Continue reading Nikola strategic partner Hanwha to cut its bet on electric-truck maker by half
Toyota, Honda cut North America production amid supply chain woes
By David Shepardson 2 Min Read FILE PHOTO: The Toyota logo is seen on a Corolla model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse WASHINGTON (Reuters) – Toyota Motor Corp and Honda Motor Co Ltd announced on Wednesday new North American production cuts, citing supply chain issues… Continue reading Toyota, Honda cut North America production amid supply chain woes
Honda’s Mexican auto plants join North American pause from March 18
By Reuters Staff 1 Min Read FILE PHOTO: The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Pierre Albouy MEXICO CITY (Reuters) – Japanese carmaker Honda Motor Co will temporarily suspend production at its plants in Mexico beginning on March 18 due to supply chain problems… Continue reading Honda’s Mexican auto plants join North American pause from March 18