By Reuters Staff 1 Min Read FILE PHOTO: Suzuki Motor Chairman and CEO Osamu Suzuki leaves after attending the India-Japan Annual Summit, in Gandhinagar, India, September 14, 2017. REUTERS/Amit Dave/File Photo TOKYO (Reuters) – Suzuki Motor Corp said on Wednesday that its 91-year old chairman, Osamu Suzuki, is retiring in June. “The corporate management direction… Continue reading Suzuki Motor says chairman to retire, become senior adviser
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Lucid Motors’ SPAC skids as $56 billion valuation sparks bubble concerns
By Akanksha Rana, Noor Zainab Hussain 4 Min Read (Reuters) – Shares of Churchill Capital IV Corp fell more than 40% on Tuesday, as its merger with electric vehicle maker Lucid Motors sparked concerns about the real worth of the company which has yet to start regular production. FILE PHOTO: The Lucid Air speed test… Continue reading Lucid Motors’ SPAC skids as $56 billion valuation sparks bubble concerns
Lucid Motors’ $24 billion blank-check deal sparks bubble concerns
By Akanksha Rana, Noor Zainab Hussain 4 Min Read (Reuters) – Electric vehicle sensation Lucid Motors has set the market alight this week with a $24 billion blank check deal to list in New York, but it has also sparked concerns among some investors of a short circuit in the valuation of electric vehicle makers.… Continue reading Lucid Motors’ $24 billion blank-check deal sparks bubble concerns
Baidu-Geely EV venture names Mobike co-founder as chief
By Reuters Staff 1 Min Read Slideshow ( 2 images ) BEIJING/SHANGHAI (Reuters) – China’s Baidu Inc and automaker Geely hired Mobike co-founder and former chief technology officer Xia Yiping as chief executive of their new electric vehicle venture, the search engine giant said on Monday. Baidu last month had announced it would set up… Continue reading Baidu-Geely EV venture names Mobike co-founder as chief
Volkswagen to make decision on Bugatti in H1 – Automobilwoche
By Reuters Staff 2 Min Read FILE PHOTO: A Bugatti Chiron sports car stands in front of the company’s headquarters Chateau St. Jean in Molsheim, France June 6, 2019. Picture taken June 6, 2019. REUTERS/Arnd Wiegmann/File Photo FRANKFURT (Reuters) – Electric hypercar maker Rimac Automobili and Volkswagen’s supercar brand Bugatti are a good technological fit,… Continue reading Volkswagen to make decision on Bugatti in H1 – Automobilwoche
Volkswagen in Mexico to suspend Jetta production on Monday and Tuesday
By Reuters Staff 1 Min Read FILE PHOTO: The 2019 Volkswagen Jetta is unveiled during a launch event at the North American International Auto Show in Detroit, Michigan, U.S. January 14, 2018. REUTERS/Brendan McDermid MEXICO CITY (Reuters) – Volkswagen’s Mexico unit said on Friday that a work stoppage on its Jetta model will continue on… Continue reading Volkswagen in Mexico to suspend Jetta production on Monday and Tuesday
Renault flags difficult year after record $9.7 billion loss
By Reuters Staff 4 Min Read PARIS (Reuters) – Renault Chief Executive Luca de Meo warned of lingering headwinds in 2021 as a shortage of electronic chips added to uncertainties, after the COVID-19 pandemic dragged the French carmaker to an 8 billion euro loss last year. FILE PHOTO: A logo of Renault carmaker is pictured… Continue reading Renault flags difficult year after record $9.7 billion loss
Renault clings to turnaround after record $9.7 billion loss
By Reuters Staff 2 Min Read PARIS (Reuters) – Renault said on Friday that margins and sales had begun to recover in the second half of 2020 as it embarks on a turnaround plan, though the COVID-19 pandemic dragged the French carmaker to an 8 billion euro ($9.68 billion) loss last year. FILE PHOTO: A… Continue reading Renault clings to turnaround after record $9.7 billion loss
Geely departs from convention with plan for new EV unit: sources
By Yilei Sun, Brenda Goh 3 Min Read SHANGHAI (Reuters) – China’s Geely plans to set up a firm to explore new approaches to product planning, marketing and sales of electric vehicles (EV), sources said, departing from industry convention whereby EVs are marketed and sold alongside traditional cars. FILE PHOTO: A building of the Geely… Continue reading Geely departs from convention with plan for new EV unit: sources
Nissan plans more UK investment as it rolls out green tech
By Reuters Staff 2 Min Read Slideshow ( 3 images ) PARIS (Reuters) – Nissan will lift recent investments in its British plant to more than 1 billion pounds ($1.4 billion) in the next few years as it rolls out greener technology, the company said as it showcased its latest Qashqai car on Thursday. The… Continue reading Nissan plans more UK investment as it rolls out green tech