Category: Uncategorized

Tesla plans to open about 52 new service centers in 2021: Electrek

By Reuters Staff 1 Min Read FILE PHOTO: The logo of Tesla is seen at a Tesla Supercharger station in Dietikon, Switzerland October 21, 2020. REUTERS/Arnd Wiegmann (Reuters) – Tesla Inc TSLA.O plans to add at least one new service center every week in 2021, Electrek reported on Thursday, citing a source familiar with the… Continue reading Tesla plans to open about 52 new service centers in 2021: Electrek

Fiat Chrysler, PSA win Brazil antitrust approval for merger

By Reuters Staff 1 Min Read FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe/File Photo MILAN (Reuters) – Fiat Chrysler FCHA.MI and Peugeot maker PSA PEUP.PA have won a green light from Brazil’s competition watchdog for… Continue reading Fiat Chrysler, PSA win Brazil antitrust approval for merger

Toyota-backed startup Pony.ai raises $267 million in new funding round

By Reuters Staff 2 Min Read FILE PHOTO: Toyota-backed self driving company Pony.ai begins to provide autonomous electric vehicles to deliver packages from local e-commerce platform Yamibuy during the outbreak of the coronavirus disease (COVID-19) in Irvine, California, U.S., April 28, 2020. REUTERS/Mike Blake SHANGHAI (Reuters) – Pony.ai, backed by Toyota Motor Corp, said on… Continue reading Toyota-backed startup Pony.ai raises $267 million in new funding round

Volkswagen to roll out 8 ID. family electric models in China by 2023

By Reuters Staff 1 Min Read FILE PHOTO: Volkswagen logo is seen at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson SHANGHAI (Reuters) – Volkswagen AG VOWG_p.DE will roll out eight ID. family electric models in China, the world’s biggest auto market, by 2023, its China chief Stephan Woellenstein… Continue reading Volkswagen to roll out 8 ID. family electric models in China by 2023

Fiat Chrysler faces up to $840 million in potential new U.S. regulatory costs

By David Shepardson 3 Min Read WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCA) disclosed it could face costs of up to 722 million euros ($840 million) to resolve a Justice Department investigation into excess diesel emissions and as a result of higher fuel economy penalties. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is… Continue reading Fiat Chrysler faces up to $840 million in potential new U.S. regulatory costs

Ford sells struggling Brazil factory

By Reuters Staff 1 Min Read FILE PHOTO: Ford’s oldest Brazil plant is seen after the company announced its closure, in Sao Bernardo do Campo, Brazil February 20, 2019. REUTERS/Amanda Perobelli BRASILIA (Reuters) – U.S. automaker Ford Motor Co F.N said on Saturday it had closed the sale of one of its factories in Brazil… Continue reading Ford sells struggling Brazil factory

Aston Martin hikes yield on $1.1 billion junk bond sale to 10.5%

By Abhinav Ramnarayan 2 Min Read LONDON (Reuters) – British luxury carmaker Aston Martin AML.L has increased the yield on offer for its $1.1 billion junk bond sale to around 10.5%, according to a lead manager on the deal, making it one of the highest-yielding bond issues in Europe this year. FILE PHOTO: An Aston… Continue reading Aston Martin hikes yield on $1.1 billion junk bond sale to 10.5%

AB Volvo and Isuzu Motors sign final agreements for strategic alliance

By Reuters Staff 1 Min Read Slideshow ( 2 images ) STOCKHOLM (Reuters) – Truckmaker AB Volvo VOLVb.ST and Japan’s Isuzu Motors 7202.T have inked a binding agreement for their previously announced strategic alliance, which includes Isuzu buying Volvo’s UD Trucks for around 20 billion Swedish crowns ($2.29 billion). The final agreement follow a memorandum… Continue reading AB Volvo and Isuzu Motors sign final agreements for strategic alliance