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GM, Ford rally after tariff warning

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world’s media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn… Continue reading GM, Ford rally after tariff warning

UPDATE 1-UAW accuses Musk of threatening Tesla workers over unionization

(Reuters) – The United Auto Workers union (UAW) has filed a complaint accusing Tesla Inc (TSLA.O) Chief Executive Elon Musk of illegally threatening to take away benefits from workers who join the union. FILE PHOTO: Elon Musk listens at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy… Continue reading UPDATE 1-UAW accuses Musk of threatening Tesla workers over unionization

US launches auto import probe, China says will defend interests

WASHINGTON (Reuters) – The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of 1962 would investigate whether vehicle and parts… Continue reading US launches auto import probe, China says will defend interests

Chakratec raises $4.4 million for flywheel storage technology for DC fast charging

Israeli startup Chakratec has raised $4.4 million from the iArgento Group and the Singaporean company Goldbell in a series C financing round. The company will use the new funding to conduct pilot projects with three European utilities. It hopes to receive its first orders later this year. Chakratec, established in 2013, has developed an energy… Continue reading Chakratec raises $4.4 million for flywheel storage technology for DC fast charging

Uber will soon detail plan to stop using diesel cars in London

LONDON (Reuters) – Uber [UBER.UL] said it will provide more information in the coming weeks on how it plans to stop diesel using cars in London and of a proposed scrappage scheme, as the court date nears for the taxi app to defend its right to operate in London nears. FILE PHOTO: The logo of… Continue reading Uber will soon detail plan to stop using diesel cars in London

Tensions before a new round of negotiations at Opel

Weapon vigil at Opel. A new round of negotiations begins Monday between the management of the manufacturer controlled by PSA and the establishment committee (EC). However, the IG Metall union still considers itself to be vague about the intentions of Opel and its French shareholder PSA. If discussions fail, he now threatens to extend the… Continue reading Tensions before a new round of negotiations at Opel

In Rennes, a fully modernized plant for the Citroën C5 Aircross

In Rennes La Janais, in the aisles of the PSA plant, we say thank you to the C5 Aircross. The “C84”, as Citroën’s new vehicle is called internally, made it possible to ensure the durability of a site born in the 1960s but whose future seemed rather gloomy before 2015. “It is now the the… Continue reading In Rennes, a fully modernized plant for the Citroën C5 Aircross

Hyundai partners with Xevo for developing in-car payment

In the present world, a person can find and pay for things with their smartphone, smartwatch or computer. With this in mind, Hyundai is building a technology that will allow customers to search and pay for coffee, gas and parking using their car’s infotainment screen. In the future, Hyundai will connect cars with other brands using… Continue reading Hyundai partners with Xevo for developing in-car payment

Car imports probe gives GM, Ford shares tiny lift

(Reuters) – Shares of General Motors (GM.N) and Ford (F.N) inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions. Washington said on Wednesday it will open a so-called Section… Continue reading Car imports probe gives GM, Ford shares tiny lift