Tag: Toyota

Grab raises $1.46b from Vision fund, bumps up Series H total to $4.5b

March 6, 2019 Ride-hailing unicorn Grab has raised $1.46 billion in fresh funding from the SoftBank Vision Fund, bringing the total amassed in its ongoing Series H to $4.5 billion, according to a statement on Wednesday. SoftBank Group Corp is an existing Grab investor. It first bought a stake in Grab for $250 million in… Continue reading Grab raises $1.46b from Vision fund, bumps up Series H total to $4.5b

BMW may stop making Mini at Cowley if there is no-deal Brexit

BMW Carmaker joined by Toyota in warning over threat to jobs if UK leaves EU without deal Paint finishing at the Mini production line at BMW’s Cowley plant in Oxfordshire. Photograph: Chris Honeywell/BMW BMW has said it might be forced to stop making the Mini at its Cowley plant near Oxford in the event of… Continue reading BMW may stop making Mini at Cowley if there is no-deal Brexit

UPDATE 3-BMW could shift some UK engine, Mini output if no orderly Brexit

GENEVA (Reuters) – BMW could move some production of engines and its Mini model out of Britain if the country does not secure an orderly departure from the European Union, the German carmaker said on Tuesday, in the latest Brexit warning from the auto industry. Britain, the world’s fifth-largest economy, is due to leave the… Continue reading UPDATE 3-BMW could shift some UK engine, Mini output if no orderly Brexit

Ford considers closing two Russian plants: sources

MOSCOW (Reuters) – Ford Motor Co is considering closing two plants in Russia as part of its global plan to restructure operations in unprofitable regions, three industry sources told Reuters. FILE PHOTO: A man walks past Ford cars at a showroom in Moscow, Russia, December 4, 2015. REUTERS/Maxim Zmeyev If the closures go ahead, Ford… Continue reading Ford considers closing two Russian plants: sources

UPDATE 1-Ford considers closing two Russian plants -sources

MOSCOW (Reuters) – Ford Motor Co is considering closing two plants in Russia as part of its global plan to restructure operations in unprofitable regions, three industry sources told Reuters. FILE PHOTO: A man walks past Ford cars at a showroom in Moscow, Russia, December 4, 2015. REUTERS/Maxim Zmeyev If the closures go ahead, Ford… Continue reading UPDATE 1-Ford considers closing two Russian plants -sources

Toyota and BMW warn on no-deal Brexit

Media playback is unsupported on your device Car giants Toyota and BMW have both warned a no-deal Brexit threatens the production of their cars in the UK. BMW told Sky News it could consider moving production of its Mini from the UK in a no-deal scenario. Separately, the head of Toyota’s European operations said a… Continue reading Toyota and BMW warn on no-deal Brexit

BMW could shift some UK engine, Mini output if no orderly Brexit

GENEVA (Reuters) – BMW could move some production of engines and its Mini model out of Britain if the country does not secure an orderly departure from the European Union, the German carmaker said on Tuesday, in the latest Brexit warning from the auto industry. Workers assemble cars at the plant for the Mini range… Continue reading BMW could shift some UK engine, Mini output if no orderly Brexit

UPDATE 2-BMW could shift some UK engine, Mini output if no orderly Brexit

GENEVA (Reuters) – BMW could move some production of engines and its Mini model out of Britain if the country does not secure an orderly departure from the European Union, the German carmaker said on Tuesday, in the latest Brexit warning from the auto industry. Workers assemble cars at the plant for the Mini range… Continue reading UPDATE 2-BMW could shift some UK engine, Mini output if no orderly Brexit