By Reuters Staff 1 Min Read FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo BERLIN (Reuters) – Daimler said on Wednesday it had decided to evaluate a spin-off of its truck and bus business and begin preparations for a separate listing… Continue reading Daimler plans majority spin-off and listing of truck business
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German car sales drop 30% in January – source
By Reuters Staff 1 Min Read An employee works at the A3 and A4 production line of the German car manufacturer Audi, amid the spread of the coronavirus disease (COVID-19) in Ingolstadt, Germany, June 3, 2020. REUTERS/Andreas Gebert HAMBURG (Reuters) – New passenger car registrations in Germany fell more than 30% in January to around… Continue reading German car sales drop 30% in January – source
Exclusive: China’s FAW considers acquiring BMW partner Brilliance for about $7.2 billion – sources
By Julie Zhu 4 Min Read (Reuters) – FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd for about $7.2 billion in a two-stage deal that would see BMW’s main Chinese partner taken private, two people with direct knowledge of the matter told Reuters. FILE PHOTO: A man and a child look at… Continue reading Exclusive: China’s FAW considers acquiring BMW partner Brilliance for about $7.2 billion – sources
South Korea carmaker Kia’s shares jump 14.5% on Apple EV tie-up report
By Reuters Staff 2 Min Read FILE PHOTO: The logo of Kia Motors is seen on a wheel of its Carnival car at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. REUTERS/Anushree Fadnavis SEOUL (Reuters) – South Korea’s Kia Corp shares surged to their highest in over two decades on Wednesday… Continue reading South Korea carmaker Kia’s shares jump 14.5% on Apple EV tie-up report
Ford to invest $1 billion to upgrade South Africa operations
By Reuters Staff 1 Min Read Ford logo is pictured at Ford Motor Co plant, after the company announced it will close its three plants in the country, in Taubate, Brazil, January 12, 2021. REUTERS/Carla Carniel NO RESALES. NO ARCHIVES JOHANNESBURG (Reuters) – Ford Motor Co will invest $1.05 billion in its South African manufacturing… Continue reading Ford to invest $1 billion to upgrade South Africa operations
Tesla set for at least 1 billion euros in German subsidies – Business Insider
By Reuters Staff 2 Min Read BERLIN (Reuters) – U.S. electric vehicle maker Tesla stands to receive at least 1 billion euros ($1.2 billion) in public funding from Germany for setting up a battery cell factory near Berlin, Business Insider reported on Monday. FILE PHOTO: The construction site of the future Tesla Gigafactory is seen… Continue reading Tesla set for at least 1 billion euros in German subsidies – Business Insider
Elon Musk says bitcoin ‘on the verge’ of being more widely accepted
By Reuters Staff 1 Min Read Slideshow ( 2 images ) SAN FRANCISCO (Reuters) – Billionaire Elon Musk said on Monday bitcoin was “on the verge” of being more widely accepted among investors as he expressed his support for the cryptocurrency. The comments come after the Tesla Inc CEO’s use of a “#bitcoin” tag on… Continue reading Elon Musk says bitcoin ‘on the verge’ of being more widely accepted
Germany KBA watchdog also looking into Tesla touchscreen failures: paper
By Reuters Staff 2 Min Read FILE PHOTO: A Tesla logo hangs on a building outside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo/File Photo BERLIN (Reuters) – Germany’s motor vehicle authority (KBA) is looking into safety risks related to touchscreen displays in Tesla cars and has asked the… Continue reading Germany KBA watchdog also looking into Tesla touchscreen failures: paper
New Toyota tech unit promises world’s safest drive
By Eimi Yamamitsu 3 Min Read FILE PHOTO: The logo of Toyota carmaker is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo TOKYO (Reuters) – Toyota Motor Corp unveiled its Woven Planet research unit at a virtual media event on Friday, promising to deliver the world’s “safest mobility” as competition… Continue reading New Toyota tech unit promises world’s safest drive
Hyundai wrestles with the risks of embracing Apple
By Hyunjoo Jin, Stephen Nellis 5 Min Read SEOUL/SAN FRANCISCO (Reuters) – Executives in Hyundai Motor Co Group are divided over a potential tie-up with Apple Inc, with some raising concerns about becoming a contract manufacturer for the U.S. tech giant, dimming the outlook for a deal. FILE PHOTO: The Hyundai booth displays the company… Continue reading Hyundai wrestles with the risks of embracing Apple