Category: Uncategorized

Luxury brands Bugatti and Lamborghini to be headed by one chief from December

By Reuters Staff 1 Min Read FILE PHOTO: Bugatti CEO Stephan Winkelmann attends the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier BERLIN (Reuters) – Bugatti President Stephan Winkelmann will also become head of luxury brand Automobili Lamborghini, taking on a double role from December, parent group… Continue reading Luxury brands Bugatti and Lamborghini to be headed by one chief from December

Exclusive: GM warns labor unrest making South Korea untenable

By Ben Klayman, Heekyong Yang 4 Min Read DETROIT/SEOUL (Reuters) – General Motors Co GM.N has issued its strongest warning yet that persistent industrial unrest eventually could drive it out of South Korea, just two years after it received a state-backed rescue package to stay in the country. FILE PHOTO: Vehicles are assembled at an… Continue reading Exclusive: GM warns labor unrest making South Korea untenable

Hyundai faces lawsuit over EV fires as GM launches recall

By Heekyong Yang, Hyunjoo Jin 6 Min Read SEOUL (Reuters) – Hyundai Motor Co 005380.KS is being sued over a string of battery fires in its electric vehicles (EVs), just as General Motors Co GM.N recalls nearly 70,000 EVs with batteries from the same maker, LG Chem Ltd 051910.KS. FILE PHOTO: The logo of Hyundai… Continue reading Hyundai faces lawsuit over EV fires as GM launches recall

Renault-Daimler tie-up to continue despite Daimler-Geely deal, says source

By Reuters Staff 1 Min Read PARIS, Nov 17 (Reuters) – German carmaker Daimler’s plan to cooperate with China’s Geely to build a next-generation combustion engine does not mean the end of cooperation between Daimler and Renault, a source at the French company told Reuters on Tuesday. The source said that current engine projects between… Continue reading Renault-Daimler tie-up to continue despite Daimler-Geely deal, says source

Germany to up financial aid for cars sector -government sources

By Reuters Staff 1 Min Read BERLIN (Reuters) – Germany will provide an additional 1 billion euros ($1.2 billion) to subsidize the development and production of climate-friendly cars, two government sources told Reuters on Tuesday. Another at least 500 million euros will be used for a scrappage scheme for older trucks to help private logistics… Continue reading Germany to up financial aid for cars sector -government sources

Exclusive: BMW deal to lift stake in China venture unaffected by Brilliance parent’s debt issues

By Yilei Sun, Julie Zhu 3 Min Read BEIJING/HONG KONG (Reuters) – German carmaker BMW BMWG.DE said on Tuesday there was no indication that its deal to increase its stake in its joint venture with Brilliance China Automotive 1114.HK would be affected by debt issues at Brilliance’s parent. FILE PHOTO: A logo of BMW is… Continue reading Exclusive: BMW deal to lift stake in China venture unaffected by Brilliance parent’s debt issues

Lordstown Motors says electric pickup launch ‘on track’ for fall 2021

By Paul Lienert 2 Min Read U.S. President Donald Trump speaks next to Lordstown Motors employees Michael Fabian and Rich Schmidt while inspecting the Lordstown Motors 2021 Endurance truck, an electric pickup truck, on the South Lawn at the White House, September 28, 2020. REUTERS/Carlos Barria (Reuters) – Startup Lordstown Motors Corp RIDE.O said on… Continue reading Lordstown Motors says electric pickup launch ‘on track’ for fall 2021

PSA boss sees more auto deals, and some failures, in electric shift

By Reuters Staff 2 Min Read FILE PHOTO: Carlos Tavares, chief executive officer of PSA Group, poses during the annual results news conference at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2020. REUTERS/Benoit Tessier (Reuters) – The head of Peugeot maker PSA Group PEUP.PA expects more consolidation in the auto industry as carmakers… Continue reading PSA boss sees more auto deals, and some failures, in electric shift

PSA boss expects more carmaker consolidation in electric shift

By Reuters Staff 1 Min Read FILE PHOTO: Carlos Tavares, chief executive officer of PSA Group, poses during the annual results news conference at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2020. REUTERS/Benoit Tessier (Reuters) – The CEO of France’s PSA Group PEUP.PA expects further consolidation of the automotive sector as carmakers invest… Continue reading PSA boss expects more carmaker consolidation in electric shift