By Reuters Staff 2 Min Read FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. Picture taken March 1, 2019. REUTERS/Fabian Bimmer/File Photo HAMBURG (Reuters) – Volkswagen is conducting a feasibility study in China about flying cars, Europe’s biggest automaker said on Tuesday,… Continue reading Volkswagen explores flying cars in China
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Honda raises full-year profit forecast helped by car sales rebound, cost cuts
By Reuters Staff 3 Min Read TOKYO (Reuters) – Japanese automaker Honda Motor Co on Tuesday hiked its full-year operating profit forecast 23% to 520 billion yen as demand in China and elsewhere gained momentum and it trimmed costs. FILE PHOTO: Honda’s logo on its Modulo model is pictured at its showroom at its headquarters… Continue reading Honda raises full-year profit forecast helped by car sales rebound, cost cuts
Honda posts 30% drop in nine-month operating profit
By Reuters Staff 1 Min Read FILE PHOTO: Honda’s logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, February 19, 2019. REUTERS/Kim Kyung-hoon TOKYO (Reuters) – Japanese automaker Honda Motor Co on Tuesday posted a nine-month operating profit of 447 billion yen ($4.26 billion), down 30% from 639.25… Continue reading Honda posts 30% drop in nine-month operating profit
A Tesla for a bitcoin: Musk drives up cryptocurrency price with $1.5 billion purchase
(Reuters) – Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk’s electric vehicle company Tesla Inc revealed it had bought $1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars, sending the cryptocurrency shooting higher. The announcements, buried deep in Tesla’s 2020 annual… Continue reading A Tesla for a bitcoin: Musk drives up cryptocurrency price with $1.5 billion purchase
Elon Musk puts up $100 million for global carbon reduction competition
By Reuters Staff 2 Min Read FILE PHOTO: SpaceX founder and chief engineer Elon Musk attends a news conference at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Steve Nesius/File Photo (Reuters) – Tesla Inc boss and billionaire entrepreneur Elon Musk is offering a $100 million prize in a four-year global… Continue reading Elon Musk puts up $100 million for global carbon reduction competition
Elon Musk puts up $100 mln for global carbon reduction competition
By Reuters Staff 2 Min Read FILE PHOTO: SpaceX founder and chief engineer Elon Musk attends a news conference at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Steve Nesius/File Photo (Reuters) – Tesla Inc boss and billionaire entrepreneur Elon Musk is offering a $100 million prize in a four-year global… Continue reading Elon Musk puts up $100 mln for global carbon reduction competition
Porsche to set up assembly plant in Malaysia: The Edge
By Reuters Staff 1 Min Read FILE PHOTO: A logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman KUALA LUMPUR (Reuters) – German sports car maker Porsche AG is setting up an assembly plant in Malaysia under a partnership with… Continue reading Porsche to set up assembly plant in Malaysia: The Edge
Hyundai, Kia say Apple car deal is off, puncturing investor dream
By Heekyong Yang, Joyce Lee 5 Min Read SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding. FILE PHOTO: The Apple Inc logo… Continue reading Hyundai, Kia say Apple car deal is off, puncturing investor dream
Hyundai Motor, Kia say they are not in talks with Apple on autonomous car development
By Reuters Staff 1 Min Read Slideshow ( 3 images ) SEOUL (Reuters) – South Korea’s Hyundai Motor Co and Kia Corp said on Monday they are not in talks with Apple Inc on developing autonomous vehicles, sending their shares tumbling. In early January, Korea Economic Daily TV reported Apple and Hyundai were in discussions… Continue reading Hyundai Motor, Kia say they are not in talks with Apple on autonomous car development
Daimler to spin off truck unit, sharpen investor focus on Mercedes-Benz
By Nick Carey 3 Min Read (Reuters) – German carmaker Daimler said on Wednesday it plans to spin off Daimler Truck, the world’s largest truck and bus maker, as it seeks to increase its investor appeal as a focused electric, luxury car business, sending its shares up nearly 9%. FILE PHOTO: Ola Kaellenius, chairman of… Continue reading Daimler to spin off truck unit, sharpen investor focus on Mercedes-Benz