ANALYSIS-Electric shock: German auto stocks get a new lease of life

By Danilo Masoni, Thyagaraju Adinarayan 5 Min Read LONDON (Reuters) – Volkswagen and BMW’s plans to grab market share in the fast-growing electric car market and challenge Tesla could shift the dial for their cheaply priced shares. FILE PHOTO: The BMW iNEXT electric autonomous concept car is introduced during a BMW press conference at the… Continue reading ANALYSIS-Electric shock: German auto stocks get a new lease of life

Chip-starved automakers shudder at Renesas plant’s 1-month halt

TOKYO — Japanese chipmaker Renesas Electronics said Sunday that production may take up to a month to resume at a fire-damaged main factory in Hitachinaka, northeast of Tokyo. But considering the many processes in semiconductor fabrication, it may take over three months for supply chains return to normal. Renesas’ fire could not come at a… Continue reading Chip-starved automakers shudder at Renesas plant’s 1-month halt

Toyota invests in Chinese self-driving partner Momenta

TIANJIN, China — Toyota Motor has invested in Chinese autonomous-driving startup Momenta as part of a $500 million fundraising round, expanding the Japanese automaker’s development infrastructure in China as tensions between Beijing and the U.S. simmer. Momenta’s systems use deep learning to analyze information from a vehicle’s cameras and sensors and construct a map of its… Continue reading Toyota invests in Chinese self-driving partner Momenta

Autonomous driving startup Momenta raises $500 mln from SAIC, Toyota, others

TipRanks Analysts Say ‘Buy the Dip’ in These 3 Stocks Smart stock investing shouldn’t be emotional, but investors are only human, after all, making it difficult to follow a rational trading strategy. Investors should remember the advice of Warren Buffett: “We simply attempt to be fearful when others are greedy and to be greedy only… Continue reading Autonomous driving startup Momenta raises $500 mln from SAIC, Toyota, others

Toyota to halt production at Czech car plant due to shortage of semiconductors: CTK agency

By Reuters Staff 1 Min Read FILE PHOTO: The logo of Toyota carmaker is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard PRAGUE (Reuters) – Toyota’s Czech unit Toyota Motor Manufacturing Czech Republic will halt production at its car plant in Kolin, east of Prague, for 14 days from March 22… Continue reading Toyota to halt production at Czech car plant due to shortage of semiconductors: CTK agency

Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round

Across the street from Suzhou North, a high-speed railway station in a historic city near Shanghai, a futuristic M-shaped building easily catches the eye of anyone passing by. It houses the headquarters of the five-year-old Chinese autonomous driving startup, Momenta. Like other major Chinese cities, Suzhou, which is famous for its serene canals and classical… Continue reading Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round

Chinese self-driving startup Momenta raises $500m from SAIC, Toyota, others

Chinese autonomous driving startup Momenta said on Friday it has received $500 million from SAIC Motor, Toyota Motor and auto parts supplier Bosch, as the global auto industry pursues the autonomous future. Other investors in the funding round include Daimler AG, Temasek, Yunfeng Capital and Tencent, Momenta said in a statement. It did not disclose… Continue reading Chinese self-driving startup Momenta raises $500m from SAIC, Toyota, others

Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources

By Yilei Sun, Tony Munroe 3 Min Read BEIJING (Reuters) – China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles. FILE PHOTO: A building… Continue reading Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources

Toyota says it reported Thai bribery probe to U.S. SEC and DoJ

By Reuters Staff 1 Min Read FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo (Reuters) – Toyota Motor Corp said on Thursday it had reported possible violations of anti-bribery laws involving a subsidiary in Thailand to the U.S. Securities and… Continue reading Toyota says it reported Thai bribery probe to U.S. SEC and DoJ