WASHINGTON (Reuters) – U.S. President Donald Trump has called his new trade deal with Japan a “phenomenal” victory for U.S. farmers. But don’t expect America’s Land O’Lakes butter to knock New Zealand’s Anchor or France’s President brands off store shelves in ... More »
DETROIT (Reuters) – Talks for a new four-year labor contract between General Motors Co (GM.N) and its striking workers took a “turn for the worse” on Sunday after the United Auto Workers rejected the largest U.S. automaker’s latest offer but the two sides were... More »
WASHINGTON (Reuters) – U.S. Senator and Democratic presidential candidate Kamala Harris on Friday asked a government watchdog to look into the Trump administration’s decision to launch an antitrust probe into four automakers cooperating with California on tigh... More »
FRANKFURT (Reuters) – Chinese suppliers and manufacturers have stepped up their presence at the Frankfurt auto show, capitalizing on a strong position in electric technologies forced on European carmakers by regulators seeking to curb pollution. Though the num... More »
BERLIN (Reuters) – Chancellor Angela Merkel said on Wednesday that the trade conflict between the United States and China was hitting Germany, which has traditionally relied on exports to propel its economy. “We have international uncertainty due to the U.S.-C... More »
FRANKFURT/BEIJING (Reuters) – China’s Great Wall Motor (601633.SS)(2333.HK) may consider building car manufacturing facilities in the European Union once its sales there hit 50,000 units a year, its chairman said, as part of a push to seek growth in overseas m... More »
TORONTO (Reuters) – Actors Christian Bale and Matt Damon say they have a newfound respect for racecar drivers after making “Ford v Ferrari”, based on the true story of the battle between the car makers at the 1966 Le Mans. The movie, shown at the Toronto Film ... More »
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) will not be excluded from public sector contracts in the United States but will instead install a second U.S. monitor at its German headquarters, business daily Handelsblatt reported on Monday. The German carmaker h... More »
BEIJING (Reuters) – China will exempt Tesla Inc’s (TSLA.O) electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States. Tesla sees China as o... More »
COLOGNE (Reuters) – Deutsche Post has received expressions of interest from potential partners for StreetScooter, its electric van business, board member Tobias Meyer said on Friday. “We see broad interest along the entire value chain,” Meyer said, adding that... More »
STUTTGART, Germany (Reuters) – Automakers around the world are pushing hard for new networks that can charge electric cars fast. In Europe, some power companies and grid operators are testing whether it might be smarter and cheaper to move into the slow lane. ... More »
TOKYO (Reuters) – Japanese Economy Minister Toshimitsu Motegi said on Tuesday he did not think U.S.-Japan trade talks would result in an outcome that would cause concern for Japanese automakers. Motegi made the remarks to reporters in Tokyo after the United St... More »
BIARRITZ, Belgium (Reuters) – France on Monday issued a short statement at the end of a meeting of G7 leaders on several issues, but it was not a communique along the lines of those usually drawn up at the annual summit, reflecting divisions. The issues were t... More »
(Reuters) – There are still four Grand Slam events that will be contested before medals can be won at the Tokyo Olympics but as far as Kei Nishikori is concerned, all roads from now on lead to one destination. “For me it (the Olympics) will be the biggest even... More »
LONDON (Reuters) – Uber (UBER.N) appointed a new boss for Britain and Ireland on Monday just over a month before its licence expires in London, one of its most important global markets where the regulator has previously stripped it of its right to operate. Tra... More »
MOSCOW (Reuters) – Yandex, a Russian equivalent to Google, said it is considering expanding its fleet of self-driving cars to up to 1,000 within the next two years in order to speed up tests on the fledgling technology. Yandex hopes to start testing more than ... More »
BEIJING (Reuters) – Sales of new energy vehicles (NEVs) in China fell 4.7% in July from a year earlier, the first drop in more two years, data from the country’s biggest auto industry association showed. That compared with growth of 80% in NEV sales in June. O... More »
LAS VEGAS (Reuters) – At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving functions. Those efforts at... More »
MOSCOW (Reuters) – A Tesla Model 3 electric car caught fire after crashing into a parked tow truck on a Moscow motorway late on Saturday, with the Tesla driver saying he had failed to see the vehicle with which he collided. Asked in a video published on REN TV... More »
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said his administration would not grant Apple Inc any relief for tariffs on parts made in China for its Mac Pro computer and later added he thought the firm would build a plant in Texas. “Apple will ... More »
BEIJING (Reuters) – China’s biggest ride-hailing company Didi Chuxing will allow users of its smartphone app to access services provided by apps of three domestic auto firms and others, in a push to generate more orders. Didi said in a statement on Monday it h... More »
LEIPZIG, Germany (Reuters) – Volkswagen (VOWG_p.DE) will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters. V... More »
(This July 4 story corrects to remove reference to self-driving push in headline) BEIJING (Reuters) – China’s top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan’s Toyota Motor Corp to cooperate on areas related to... More »
(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. SoftBank has come under increasing... More »
FRANKFURT (Reuters) – Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel vehicles by hundreds of millions of euros, sending its shares lower on Monday. Group earnings before interest and tax this year are ... More »
PARIS (Reuters) – The French fiscal administration has launched an in-depth probe into the wealth of former Renault-Nissan Chairman Carlos Ghosn, French daily Liberation reported on Sunday, citing sources. Ghosn, who holds French, Lebanese and Brazilian citize... More »
(Reuters) – Autonomous vehicle technology company Velodyne Lidar has hired bankers for an initial public offering, Business Insider reported on Saturday, citing sources familiar with the process. The San Jose, California-based company is working with Bank of A... More »
NEW DELHI (Reuters) – India’s federal think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they publicly opposed the government’s proposals saying they would disrupt the sector, two sources told ... More »
(Reuters) – Silicon Valley billionaire Elon Musk tweeted here late on Sunday that he had “just deleted” his Twitter account, while also changing his Twitter display name to “Daddy DotCom”. Sunday, June 16 was Father’s Day in the United States and the Tesla Inc... More »
PARIS/TOKYO (Reuters) – Renault has signaled it will block alliance partner Nissan from adopting planned governance reforms unless the French automaker gets more say in the new system, a demand which Nissan said was “most regrettable” and which one source deri... More »
PARIS (Reuters) – Fiat Chrysler Automobiles NV and Renault SA are looking for ways to resuscitate their collapsed merger plan and secure the approval of the French carmaker’s alliance partner Nissan Motor Co Ltd , according to several sources close to the comp... More »
SAN FRANCISCO (Reuters) – Self-driving car software startup Aurora said on Sunday it would partner with Fiat Chrysler to build autonomous platforms for commercial vehicles, the latest collaboration with an automaker for the fast-growing Silicon Valley company.... More »
PARIS (Reuters) – Nissan Motor Co believes that attempts by Renault SA to place one of its directors on Nissan’s planned governance reform committees may lead to a conflict of interest, a source with knowledge of the issue told Reuters on Monday. Renault, whic... More »
SEOUL (Reuters) – South Korea and Britain have agreed in principle to sign a separate free trade deal ahead of Britain’s exit from the European Union in late October, South Korea’s trade ministry said on Monday. The deal would help South Korea minimize trade u... More »
MEXICO CITY (Reuters) – Mexico’s president and the top U.S. business lobbying group called on President Donald Trump to back down from a threat to impose punitive tariffs on Mexican imports, in a dispute over migration that could shock Mexico’s economy. Trump ... More »
MILAN/PARIS (Reuters) – Fiat Chrysler has made a “transformative” all-share merger proposal to French rival Renault, the Italian-American carmaker said on Monday, in a deal to create a new third-ranked global manufacturer. The FCA proposal, finalised in overni... More »
TOKYO (Reuters) – U.S. President Donald Trump pressed Japanese Prime Minister Shinzo Abe on Monday to even out a trade imbalance with the United States and expressed confidence, despite Japanese wariness, that “good things” would come from North Korea. Trump i... More »
PARIS (Reuters) – Carlos Ghosn’s Paris lawyers François Zimeray and Jessica Finelle said on Monday that they had contacted a United Nations body last week to complain about Ghosn’s treatment. Ghosn is facing financial misconduct charges, which he denies, and w... More »
MILAN/PARIS (Reuters) – Fiat Chrysler and Renault are set to confirm tie-up talks on Monday, with the board of the French carmaker called to an early morning meeting to discuss the situation. It comes after news broke over the weekend that two of the world’s l... More »
TURIN, Italy/LONDON (Reuters) – Fiat Chrysler has been angling for a combination with another automaker for years, and its latest attempt – for a global tie-up with France’s Renault – could address some of the main weaknesses of both companies, sources say. Bu... More »
SAN FRANCISCO (Reuters) – Uber’s first employee and one-time chief executive Ryan Graves will step down from the company’s board of directors, Uber said on Friday. Graves this week informed the company of his intention to resign from the board, beginning Monda... More »
CAPE CANAVERAL, Fla. (Reuters) – SpaceX, the private rocket company of high-tech entrepreneur Elon Musk, launched the first batch of 60 small satellites into low-Earth orbit on Thursday for Musk’s new Starlink internet service. A Falcon 9 rocket carrying the s... More »
LONDON (Reuters) – Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch said on Friday, as worries about the U.S.-China trade spat sent shudders through financia... More »
CAPE CANAVERAL, Fla. (Reuters) – A SpaceX launch already scrubbed once due to inclement weather was postponed again nearly 24 hours later on Thursday, this time for “about a week,” in order to update satellite software and “triple-check everything,” Elon Musk’... More »
CAPE CANAVERAL, Fla. (Reuters) – Billionaire Elon Musk’s SpaceX postponed a planned Wednesday night blastoff of a Falcon 9 rocket carrying the first 60 satellites for his new Starlink internet service, citing excessive winds over the Florida launch site. Launc... More »
CAPE CANAVERAL, Fla. (Reuters) – Elon Musk’s SpaceX postponed its planned Wednesday night blastoff of a Falcon 9 rocket carrying the first cluster of satellites for his new Starlink internet service, citing excessive winds over the Florida launch site. The mis... More »
(Reuters) – Billionaire George Soros’ investment firm, Soros Fund Management Llc, raised its stake in Tesla Inc’s (TSLA.O) convertible bonds due in 2021 by 17.5 million convertible bonds to 37.5 million convertible bonds as of the end of the first quarter, acc... More »
LONDON (Reuters) – Global automotive supplier Bosch expects platinum to play only a minor role in its new fuel cells, giving precious metal markets scant benefit even as the technology gains momentum for pollution-free transport. According to Reuters calculati... More »
(Reuters) – A U.S. judge on Friday said Elon Musk must face a defamation lawsuit by a British diver who said he was falsely branded a pedophile and child rapist by the chief executive of electric car company Tesla Inc. U.S. District Judge Stephen Wilson in Los... More »
WASHINGTON (Reuters) – U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 and other electric vehicles, one of more than 1,000 product denials linked to ... More »
TOKYO (Reuters) – Japanese prosecutors indicted former Nissan Motor Co Chairman Carlos Ghosn on Monday on a charge of aggravated breach of trust, a Tokyo court said, bringing a fourth charge against him on the day his detention period was set to expire. Ghosn’... More »
TOKYO (Reuters) – Carlos Ghosn on Monday applied for bail following his latest indictment over aggravated breach of trust, as the former Nissan Motor Co chairman fights his fourth indictment over financial misconduct. Ghosn’s defense team filed the bail reques... More »
SHANGHAI (Reuters) – U.S. electric vehicle (EV) maker Tesla Inc on Monday said it has sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding, the latest in a string of fire incidents involving Tesla’s cars.... More »
TOKYO (Reuters) – The lead lawyer for Carlos Ghosn said he expected a fresh indictment for the former Nissan Motor Co boss to come later on Monday. “We haven’t heard of an indictment yet. I expect it will be this afternoon,” Junichiro Hironaka told reporters o... More »
BEIJING (Reuters) – Japan’s Toyota Motor Corp said on Sunday it was setting up a research institute in Beijing in partnership with Tsinghua University to study car technology using hydrogen power and other green technologies that could ease environmental probl... More »
MEXICO CITY/OTTAWA (Reuters) – More than six months after the United States, Mexico and Canada agreed a new deal to govern more than $1 trillion in regional trade, the chances of the countries ratifying the pact this year are receding. The three countries stru... More »
(Reuters) – Italian-U.S. carmaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay electric carmaker Tesla Inc hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new European Union emission rules. ... More »
BEIJING (Reuters) – Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing. Chongqing Changan Automobile s... More »
(Reuters) – A group of U.S. states is investigating Hyundai Motor Co and Kia Motors Corp for potential unfair and deceptive acts related to reports of hundreds of vehicle fires, Connecticut Attorney General William Tong said on Monday. The South Korean automak... More »
WASHINGTON (Reuters) – President Donald Trump tweeted on Sunday that he urged General Motors Co’s chief executive to “do something quickly” to reopen the company’s Lordstown, Ohio, plant that was idled more than a week ago. “I am not happy that it is closed wh... More »
LONDON (Reuters) – British companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ease the country out of the bloc, an employers group said on Monday. Business investment was fo... More »
WASHINGTON (Reuters) – U.S. regulators will ask the public if robotic cars should be allowed on streets without steering wheels or brake pedals as they try to set the first legal boundaries for their design in the world’s second largest vehicle market. The U.S... More »
TOKYO (Reuters) – Toyota Motor Corp, one of the world’s largest automakers, and Japan’s space agency said on Tuesday they had agreed to cooperate in developing a manned lunar rover that runs on fuel cell technologies. Although Japan has no plan currently to ma... More »
TOKYO (Reuters) – A Tokyo court on Monday denied ousted Nissan boss Carlos Ghosn’s request to attend a board meeting this week, broadcaster NHK reported, blocking what would have been a dramatic face off with the colleagues he has accused of fomenting a coup. ... More »
TOKYO (Reuters) – The heads of Renault SA, Nissan Motor Co and Mitsubishi Motors Corp will hold a joint news conference at Nissan’s headquarters in Yokohama on Tuesday, Nissan said. Renault Chairman Jean-Dominique Senard, Renault CEO Thierry Bollore, Nissan CE... More »
TOKYO (Reuters) – A Tokyo court denied former Nissan Motor boss Carlos Ghosn’s request to attend the automaker’s board meeting this week, days after he was released from detention on a $9 million bail, national broadcaster NHK reported on Monday. Ghosn, who wa... More »
(Reuters) – Electric carmaker Tesla Inc said on Sunday it will raise prices of its high-end vehicles by about 3 percent on average as it plans to keep more retail stores open than planned. Tesla said the worldwide price hikes will apply to the more expensive v... More »
(Reuters) – An unmanned capsule from Elon Musk’s SpaceX was due to return to earth on Friday after a short-term stay on the International Space Station, capping the first orbital test mission in NASA’s long-delayed quest to resume human space flight from U.S. ... More »
TOKYO (Reuters) – The lawyer for former Nissan Motor Chairman Carlos Ghosn on Monday said he was optimistic the ousted executive could win bail soon and said he would pursue a different defense strategy against charges of financial conduct. Junichiro Hironaka,... More »
TOKYO (Reuters) – The lawyer for former Nissan Motor Co Ltd Chairman Carlos Ghosn on Monday said he was optimistic the ousted executive could win bail in the near future, after being held in custody at a detention center in Japan for over three months. “I beli... More »
(Reuters) – Tesla Inc will unveil its Model Y on March 14 at an event in LA Design Studio, Chief Executive Elon Musk said on Sunday. “Model Y, being an SUV, is about 10 percent bigger than Model 3, so will cost about 10 percent more & have slightly less range ... More »
CAPE CANAVERAL, Fla. (Reuters) – A SpaceX rocket with an unmanned crew capsule blasted off on Saturday for the International Space Station, in a key milestone for Elon Musk’s space company and NASA’s long-delayed goal to resume human spaceflight from U.S. soil... More »
WASHINGTON (Reuters) – U.S. authorities are investigating a fatal Tesla Inc Model S crash in Florida last Sunday that killed the driver and caused a massive fire, the second fatal Tesla crash in the state this week being probed, the National Highway Traffic Sa... More »
FRANKFURT (Reuters) – Germany’s car industry is to invest nearly 60 billion euros ($68 billion) over the next three years on electric cars and automated driving, the head of the VDA car industry association said ahead of the Geneva motor show. “We will invest ... More »
LONDON (Reuters) – British firefighters said they had brought a serious fire at a Tesla showroom in southern England under control hours after it broke out on Saturday morning. The showroom was “well alight” when firefighters were called to the dealership in C... More »
LONDON (Reuters) – European shares were firmly in the red on Tuesday as the optimism about U.S.-China trade talks that swept stocks to fresh October highs cooled, with London’s FTSE 100 lagging the broader markets as the sterling rallied. The pan-European STOX... More »
SEOUL (Reuters) – Hyundai Mobis Co Ltd, an auto parts affiliate of Hyundai Motor Co, on Tuesday announced a plan to offer shareholder returns worth 2.6 trillion won ($2.32 billion) over the next three years and to appoint group heir apparent Euisun Chung as ch... More »
SAN FRANCISCO (Reuters) – The U.S. Securities and Exchange Commission (SEC) is pursuing a contempt order against Tesla Inc CEO Elon Musk, saying he violated a fraud settlement by tweeting material information without preapproval, sending the firm’s shares down... More »
BARCELONA (Reuters) – Carmakers will be big customers for next-generation telecoms networks, helping to justify investment in 5G, but need to be more innovative if the technology is to take off, Spain’s SEAT said on Monday. The deployment of 5G promises to lin... More »
SEATTLE (Reuters) – NASA has warned SpaceX and Boeing Co of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program lat... More »
TOKYO (Reuters) – Nissan Motor Co Ltd on Monday said it was the target of a U.S. Securities and Exchange Commission (SEC) inquiry, as the Japanese automaker itself faces scrutiny in a financial scandal it has blamed on ousted chairman Carlos Ghosn. Nissan has ... More »
TOKYO (Reuters) – Subaru Corp said it restarted its sole car factory in Japan on Monday after halting the plant for almost two weeks due to a suspected defect in a power-steering component. The company said in a statement it did not yet know what impact the pr... More »
BEIJING (Reuters) – China’s Didi Chuxing said it had set up a joint venture (JV) with Beijing Electric Vehicle Co., a unit of state-owned BAIC, to work on new energy vehicle and artificial intelligence projects. The JV, BAIC-Xiaoju New Energy Auto Technology C... More »
BERLIN (Reuters) – Tensions in Germany’s loveless ruling coalition flared on Sunday after Transport Minister Andreas Scheuer, a conservative from the car-making state of Bavaria, called for a reassessment of limits on vehicle emissions. Scheuer told the Bild a... More »
ROTTERDAM (Reuters) – As Daan Hosli’s hybrid BMW glides into downtown Rotterdam, it passes a virtual boundary into the city’s “electric-only zone” and his mobile phone trills out a reminder to switch off his combustion engine and drive on battery power. Hosli ... More »
GOVE/NEW DELHI (Reuters) – Hurt by high fuel prices, Vinod Gore, a farmer in Gove village in the western Indian state of Maharashtra, ditched his petrol scooter for an electric model, underlining how two-wheelers are driving the country’s goal of electrificati... More »
LONDON (Reuters) – Carmaker Rolls-Royce called on the British government to avoid a disorderly Brexit and said it was building up some stock, expanding warehouse capacity and training suppliers for customs changes in case Britain leaves the EU without a deal. ... More »
BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is seeking damages from former managers, who were dismissed for their roles in the diesel emissions scandal that has cost the German automaker as much as $30 billion, the Handelsblatt newspaper reported on Thursday. Vo... More »
LAS VEGAS (Reuters) – As vehicles get smarter, your car will be keeping eyes on you. This week at CES, the international consumer electronics show in Las Vegas, a host of startup companies will demonstrate to global automakers how the sensor technology that wa... More »
MILAN (Reuters) – European shares rose on Wednesday driven by the export-oriented autos and tech sectors as optimism grew that the United States and China could avoid a full-blown trade war that would further brake a slowing global economy. The pan-European ST... More »
TOKYO (Reuters) – The Tokyo District Court has rejected a request by lawyers of Carlos Ghosn to end the detention of the ousted Nissan Motor Co Ltd chairman, who has been held since his Nov. 19 arrest on accusations of financial misconduct, Jiji Press reported... More »
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) is nearing a settlement to resolve the U.S. Justice Department’s allegations that the Italian-American automaker used illegal software to allow 104,000 U.S. diesel vehicles to pollute beyond legal l... More »
(Reuters) – Chicago law firm Corboy & Demetrio said on Tuesday it filed a lawsuit against electric carmaker Tesla Inc (TSLA.O) alleging that its 2014 Model S sedan had a defective battery pack that caused the death of an 18-year old passenger in an accident la... More »
TOKYO (Reuters) – As the developed world’s cheapest equity market and home to a rising breed of more profitable companies, the Japanese market should be a safe investment bet. Yet fund managers are bypassing it on fears ebbing global growth could knock Japan’s... More »
TOKYO (Reuters) – Nissan Motor Co (7201.T) will produce 30,000 fewer vehicles in the coming months in China than what it had planned, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car marke... More »
FRANKFURT (Reuters) – German utility Innogy is putting its business serving the electric car industry into a standalone company, separate from its main business as an energy supplier. “This pooling of our eMobility business is our response to the current chall... More »
FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) cleanup of a diesel cheating scandal will cost it 5.5 billion euros ($6.25 bln) in 2018 and around 2 billion euros in 2019, Chief Financial Officer Frank Witter told German weekly Boersen-Zeitung. Since 2015, the ... More »
SAN FRANCISCO (Reuters) – Self-driving car startup Zoox Inc has become the first company to receive approval from California regulators to operate an autonomous ride service for public passengers, state regulators said on Friday. The California Public Utilitie... More »
SINGAPORE (Reuters) – SoftBank Group Corp (9984.T) is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. Six-... More »
BERLIN (Reuters) – Germany agreed new rules on Wednesday to lower the threshold for screening and even blocking purchases of stakes in German firms by non-Europeans, in a move to fend off unwanted takeovers by Chinese investors in strategic areas. The decision... More »
