Category: Uncategorized

Brexiteer Ratcliffe’s Ineos drops Wales for France to build new car

By Costas Pitas 2 Min Read LONDON (Reuters) – Billionaire Jim Ratcliffe’s Ineos will manufacture its first car in France after a deal to take over a site run by Germany’s Daimler, ditching plans to build a factory in Britain as COVID-19 disrupts the automotive industry. FILE PHOTO: Jim Ratcliffe, CEO of British petrochemicals company… Continue reading Brexiteer Ratcliffe’s Ineos drops Wales for France to build new car

Hyundai Motor to recall Kona EV, Nexo hydrogen SUVs to fix brakes

By Reuters Staff 2 Min Read FILE PHOTO: The 2019 Hyundai Kona Electric vehicle is displayed at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Brendan McDermid SEOUL (Reuters) – Hyundai Motor Co is planning to recall a total of 50,864 Kona electric cars… Continue reading Hyundai Motor to recall Kona EV, Nexo hydrogen SUVs to fix brakes

Uber sells ATG self-driving business to Aurora at $4 billion

FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. REUTERS/Luisa Gonzalez (Reuters) – Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company’s goal to achieve… Continue reading Uber sells ATG self-driving business to Aurora at $4 billion

Kia recalls 295,000 U.S. vehicles for fire risks

By David Shepardson 2 Min Read WASHINGTON (Reuters) – Kia Motors Corp said on Saturday it is recalling 295,000 U.S. vehicles for engine fire risks. FILE PHOTO: The 2014 Kia Forte is presented at the 2012 Los Angeles Auto Show in Los Angeles, California November 28, 2012. REUTERS/Mario Anzuoni The Korean automaker said the recall… Continue reading Kia recalls 295,000 U.S. vehicles for fire risks

Tesla says Black people hold just 4% of its U.S. leadership roles

By Reuters Staff 2 Min Read FILE PHOTO: The Tesla logo is seen on a car at Tesla’s new showroom in Manhattan’s Meatpacking District in New York City, U.S., Dec. 14, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – Black employees make up just 4% of Tesla Inc’s American leadership roles and 10% of its total workforce… Continue reading Tesla says Black people hold just 4% of its U.S. leadership roles

Hyundai recalls 129,000 U.S. vehicles for engine issue

By David Shepardson 2 Min Read FILE PHOTO: The logo of Hyundai Motors is seen on a steering wheel of a all-new Sonata sedan on display at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji/File Photo WASHINGTON (Reuters) – Hyundai Motor Co is recalling 129,000 U.S. vehicles for an engine issue… Continue reading Hyundai recalls 129,000 U.S. vehicles for engine issue

Aston Martin shareholders green light third capital injection this year

By Reuters Staff 2 Min Read FILE PHOTO: Aston Martin DBX, the company’s first sport utility vehicle, is displayed at its global launch ceremony in Beijing, China November 20, 2019. REUTERS/Jason Lee/File Photo (Reuters) -Aston Martin said on Friday its shareholders approved a plan to inject 125 million pounds ($168.09 million) in new capital as… Continue reading Aston Martin shareholders green light third capital injection this year

Aston Martin shareholders approve 125-mln-pound capital injection

By Reuters Staff 1 Min Read FILE PHOTO: Aston Martin DBX, the company’s first sport utility vehicle, is displayed at its global launch ceremony in Beijing, China November 20, 2019. REUTERS/Jason Lee/File Photo (Reuters) – Aston Martin said on Friday its shareholders approved the luxury car maker’s plans to inject 125 million pounds in new… Continue reading Aston Martin shareholders approve 125-mln-pound capital injection