(Adds detail, background) PARIS, June 6 (Reuters) – France’s finance minister said on Thursday following the collapse of merger talks between Fiat Chrysler (FCA) and Renault that the government had engaged constructively but failed to win the support of Renault’s Japanese partner, Nissan. “An agreement had been reached on three of the four conditions. What… Continue reading UPDATE 1-France engaged constructively in failed FCA-Renault talks -Le Maire
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Toyota, Subaru team up to develop electric SUV in battle against costs
An employee walks past Toyota logo at Rolf, an automotive dealer in Moscow, Russia April 12, 2019. REUTERS/Maxim Shemetov TOKYO (Reuters) – Toyota Motor Corp and Subaru Corp on Thursday said they plan to jointly develop a battery-electric sport-utility vehicle (SUV) on a platform produced together as they seek to split the cost of producing… Continue reading Toyota, Subaru team up to develop electric SUV in battle against costs
China’s Didi Chuxing starts ride-hailing services in Chile, Colombia
A woman walks past a sign of station for Didi Chuxing in Beijing, China January 2, 2019. REUTERS/Jason Lee SHANGHAI (Reuters) – Chinese ride-hailing giant Didi Chuxing said on Thursday that it had launched services in Chile and Colombia, as part of its push into Latin America. The company kicked off operations of Didi Express… Continue reading China’s Didi Chuxing starts ride-hailing services in Chile, Colombia
President Moon Jae-In Emphasizes Importance of Hydrogen Car and Fuel Cell Industries
“We already have global technical skills in hydrogen industry as we became the first country to commercialize hydrogen cars.” said President Moon Jae-in on the 5th. “Our goal is to be the top country in hydrogen vehicle and fuel cell industries by 2030.”“Hydrogen bus and hydrogen charging station are very important challenges for all of… Continue reading President Moon Jae-In Emphasizes Importance of Hydrogen Car and Fuel Cell Industries
Fiat Chrysler withdraws bid for Renault
Fiat Chrysler has withdrawn its merger proposal for French carmaker Renault, the Italian-American firm has said. The announcement followed a failed attempt by Renault board members to reach a decision on the offer. Renault said it had been unable to reach agreement because French government representatives had requested a postponement. The French government is the… Continue reading Fiat Chrysler withdraws bid for Renault
Announcement on Ford plant closure due
An announcement on the proposed closure of Ford’s Bridgend plant will be made on Thursday, the BBC has been told. Ford Europe and bosses from the United States will meet union leaders at its Essex headquarters. The GMB said closure would “mean disaster” for the plant, which opened in 1980 and employs 1,700 workers. Ford… Continue reading Announcement on Ford plant closure due
The Fiat Chrysler-Renault merger is dead over suboptimal ‘political conditions’
A proposed merger between Fiat Chrysler-Renault, which would have created the third largest global automaker, is off. Fiat Chrysler Automobiles withdrew its offer, The Wall Street Journal reported. FCA confirmed to TechCrunch that it has withdrawn its offer, largely due to political conditions. “FCA remains firmly convinced of the compelling, transformational rationale of a proposal… Continue reading The Fiat Chrysler-Renault merger is dead over suboptimal ‘political conditions’
Sources: Bird is in talks to acquire scooter startup Scoot
If you are among those who thought that the scooter market sounded a little overhyped and overcrowded, we’ve gotten wind of a deal that could point to some impending consolidation. The on-demand scooter business Bird has agreed to acquire Scoot, a smaller two-wheeled mobility startup, sources tell TechCrunch. The stage of the negotiations is not clear… Continue reading Sources: Bird is in talks to acquire scooter startup Scoot
UPDATE 1-Fiat Chrysler withdraws merger offer for Renault
FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard PARIS (Reuters) – Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault, calling off what would have been a landmark deal to create the world’s third-biggest automaker. A source close… Continue reading UPDATE 1-Fiat Chrysler withdraws merger offer for Renault
UPDATE 1-Fiat Chrysler sales chief files whistleblower suit over SEC probe
WASHINGTON (Reuters) – Fiat Chrysler Automobiles’ U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe by the U.S. Securities and Exchange Commission, court documents filed on Wednesday show. FILE PHOTO: The logo of Fiat carmaker is pictured… Continue reading UPDATE 1-Fiat Chrysler sales chief files whistleblower suit over SEC probe