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GM should emerge from pandemic with permanently lower costs: CEO

FILE PHOTO: Mary Barra, CEO of General Motors, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 12, 2019. REUTERS/Brendan McDermid DETROIT (Reuters) – General Motors Co (GM.N) should emerge from the coronavirus pandemic with a permanently reduced cost base after it scrambled to reduce its cash burn… Continue reading GM should emerge from pandemic with permanently lower costs: CEO

Tata Motors resumes operations across all manufacturing plants

To further shore up the liquidity, the company has issued commercial papers of Rs 3,500 crore and also raised Rs 1,000 crore through non-convertible debentures (NCDs), it added. NEW DELHI: Tata Motors on Tuesday said it has resumed operations across all its manufacturing plants in the country. The company has restarted operations at all plants… Continue reading Tata Motors resumes operations across all manufacturing plants

Lancia Delta Integrale Will Start E-Retrofit Premium Series And Become An EV

While some car collectors are at ease in turning their classic vehicles into EVs, others classify that as heresy. The former often use these machines as daily drivers, and they do not want to give them up due to traffic restrictions such as the ones that London or Paris already have in place. These are… Continue reading Lancia Delta Integrale Will Start E-Retrofit Premium Series And Become An EV

Volkswagen to install Porsche’s CEO as VW brand chief: Auto Motor and Sport

Porsche AG CEO Oliver Blume and German Chancellor Angela Merkel speak next to Porsche Taycan Turbo S at the international Frankfurt Motor Show IAA in Frankfurt, Germany September 12, 2019. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive (CEO) Herbert Diess will promote Porsche CEO Oliver Blume to become head of the VW brand… Continue reading Volkswagen to install Porsche’s CEO as VW brand chief: Auto Motor and Sport

Renault cuts 15,000 jobs in major restructuring

Renault is cutting 15,000 jobs worldwide as part of a €2bn (£1.8bn) cost-cutting plan after seeing sales plunge because of the virus pandemic. “This plan is essential,” said interim boss Clotilde Delbos, who announced a bigger focus on electric cars and vans. Some 4,600 jobs will go in France, and Renault has said six plants… Continue reading Renault cuts 15,000 jobs in major restructuring

Essex car showroom busy as dealerships reopen in England

Sajul Islam has had his eye on a new seven-seater Volkswagen Tiguan Allspace throughout the coronavirus lockdown, and he took his chance on Monday as car dealerships across England opened their doors for the first time in more than 2 months. “I’ve been waiting for weeks for this showroom to open up again,” Islam said,… Continue reading Essex car showroom busy as dealerships reopen in England

Car maker: puzzles about rapid price increase at Daimler

Daimler shines again The share of the car group is on the upswing. (Photo: AP) Beijing, Munich The automaker’s share Daimler is currently in high demandt. Since mid-May, paper has skyrocketed by more than 30 percent. On Tuesday alone, the increase was now almost nine percent. There is a lot of speculation in the market… Continue reading Car maker: puzzles about rapid price increase at Daimler

REFILE-Ride-hailing service Wheely risks Moscow ban in dispute over geolocation data

(Refiles June 1 story to make clear throughout that Wheely provides ride-hailing services) By Nadezhda Tsydenova and Gleb Stolyarov MOSCOW, June 1 (Reuters) – London-based ride-hailing service Wheely risks being banned in Moscow after it said it refuses to share vehicle geolocation data with the authorities, citing passenger privacy rights. Popular among wealthy Muscovites, Wheely… Continue reading REFILE-Ride-hailing service Wheely risks Moscow ban in dispute over geolocation data

UPDATE 1-China auto sales growth seen for 2nd straight month, boosting recovery hopes

Newly manufactured cars are seen at a port in Dalian, Liaoning province, China April 10, 2020. China Daily via REUTERS BEIJING (Reuters) – China’s vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world’s biggest auto market with… Continue reading UPDATE 1-China auto sales growth seen for 2nd straight month, boosting recovery hopes