By Reuters Staff 2 Min Read FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois Lenoir FRANKFURT (Reuters) – Volkswagen VOWG_p.DE is looking into potentially carving out its Lamborghini supercar and Ducati motorbike brands, it… Continue reading Volkswagen looking at carving out Lamborghini and Ducati
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Nissan plans to invest heavily in China luxury segment, COO says
By Reuters Staff 1 Min Read FILE PHOTO: The brand logo of Nissan Motor Corp. is seen on a tyre wheel of the company’s car at their showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei Kato (Reuters) – Japan’s Nissan Motor Co 7201.T plans to invest heavily in China’s luxury auto segment, its chief operating… Continue reading Nissan plans to invest heavily in China luxury segment, COO says
China’s Didi Chuxing, BYD roll out customized car model for ride-hailing service
By Reuters Staff 1 Min Read Slideshow ( 2 images ) BEIJING (Reuters) – China’s Didi Chuxing and electric vehicle maker BYD on Monday launched their purpose-built D1 van model for ride-hailing services, the ride-hailing giant’s CEO Will Cheng said on Monday. SoftBank-backed Didi and Shenzhen-based BYD, which is backed by U.S. investor Warren Buffett,… Continue reading China’s Didi Chuxing, BYD roll out customized car model for ride-hailing service
Volkswagen to invest 1 billion euros in Slovakia plant
By Reuters Staff 2 Min Read FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song PRAGUE (Reuters) – Volkswagen VOWG_p.DE plans to invest 1 billion euros ($1.18 billion) in its Slovak plant, including 500 million euros to… Continue reading Volkswagen to invest 1 billion euros in Slovakia plant
Elon Musk says ‘most likely’ has a moderate case of COVID-19
By Reuters Staff 2 Min Read (Reuters) – Tesla Inc Chief Executive Officer Elon Musk said on Saturday he “most likely” has a moderate case of COVID-19, as he continued to question the accuracy of the tests. “Am getting wildly different results from different labs, but most likely I have a moderate case of covid.… Continue reading Elon Musk says ‘most likely’ has a moderate case of COVID-19
GM recalling nearly 69,000 Bolt EVs for fire risks
By Reuters Staff 1 Min Read FILE PHOTO: Chevrolet Bolt EV is pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker DETROIT/WASHINGTON (Reuters) – General Motors Co GM.N said on Friday it is recalling 68,677 electric cars worldwide that pose a fire… Continue reading GM recalling nearly 69,000 Bolt EVs for fire risks
Ford CEO says carmaker now eyes making own EV batteries
By Reuters Staff 1 Min Read FILE PHOTO: Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, U.S. September 17, 2020. REUTERS/Rebecca Cook/File Photo (Reuters) – Ford Motor Co is considering making its own batteries as sales volumes of electric vehicles rise around the… Continue reading Ford CEO says carmaker now eyes making own EV batteries
Velodyne targets sub-$500 price point for self-driving car sensor
By Stephen Nellis 2 Min Read (Reuters) – Velodyne Lidar Inc VLDR.O said on Friday it would introduce a new lidar unit, a key sensor in self-driving cars, with a target price point of less than $500 and no moving parts. Velodyne became a public company in September and is one of the several companies… Continue reading Velodyne targets sub-$500 price point for self-driving car sensor
Daimler to revamp China plant to make Actros trucks as sales surge
By Yilei Sun, Brenda Goh 3 Min Read BEIJING (Reuters) – Germany’s Daimler AG DAIGn.DE and its China commercial vehicle partner Beiqi Foton Motor Co 600166.SS plan to invest 2.75 billion yuan ($415.32 million) to build Mercedes-Benz-branded Actros heavy trucks for the first time in China, a document showed. FILE PHOTO: The Daimler logo is… Continue reading Daimler to revamp China plant to make Actros trucks as sales surge
Daimler will shrink with shift to electric, autonomous cars: CEO
By Edward Taylor 3 Min Read FRANKFURT (Reuters) – Daimler DAIGn.DE will be a smaller company five years from now, focused on capturing recurring revenues with software-based services as Mercedes-Benz seeks to redefine luxury in an era of electric self-driving cars, Chief Executive Ola Kaellenius said. FILE PHOTO: The Daimler logo is seen before the… Continue reading Daimler will shrink with shift to electric, autonomous cars: CEO