SEOUL (Reuters) – General Motors Co’s (GM) South Korean unit dropped a plan for a vote on a bankruptcy filing after reaching a tentative wage deal with its labour union on Monday that helped the U.S. automaker win concessions on pay, bonuses and benefits. GM s... More »
NEW DELHI (Reuters) – Indian ride-hailing firm Ola, backed by Japan’s SoftBank Group, said it will add 10,000 electric three-wheelers to its fleet over the next 12 months as part of a plan to promote the use of electric vehicles. Ola plans to have 1 million el... More »
WOLFSBURG, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) new Chief Executive Herbert Diess on Friday said he will consider asset sales and seeks to turn the multi-brand conglomerate into a slimmed down company with strong brands. Speaking at his first news conf... More »
WOLFSBURG, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) new Chief Executive Herbert Diess on Friday said the car and truck maker is open to alliances in areas like self-driving cars. Speaking in Wolfsburg, Germany, at his first news conference since being appo... More »
BEIJING (Reuters) – Ford Motor Co’s business in China continues to falter amid a dearth of fresh products, even though the American automaker earlier this week said it plans to launch two new models in the world’s biggest auto market by the end of the year. Fo... More »
WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday ordered the Environmental Protection Agency to speed up its decision-making on air quality permitting to make it easier for manufacturers to expand and open new plants. “These actions are intended ... More »
BOAO/BEIJING, China (Reuters) – Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United Sta... More »
LONDON (Reuters) – For the second race in a row, Sebastian Vettel celebrated on Sunday while Formula One world champions Mercedes and Lewis Hamilton rued the one that got away. By winning in Bahrain, after his season-opening success in Australia, the German be... More »
WASHINGTON (Reuters) – The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economi... More »
NEW YORK (Reuters) – Luxury U.S. automaker brands Cadillac and Lincoln both unveiled SUV models this week at the New York auto show to meet rising American demand, but also are keeping one eye on a growing Chinese appetite for the same vehicles, executives sai... More »
NEW YORK (Reuters) – Demand for sport utility vehicles in the United States is booming, but the number of new models vying for a share of that market is growing even faster, threatening the fat profits automakers have enjoyed. At the New York Auto show this we... More »
TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Suzuki Motor Corp (7269.T) agreed on Thursday to produce cars for each other in India as Toyota aims to increase its market share in the world’s fifth-largest passenger car market. The agreement follows an R&D t... More »
LONDON (Reuters) – Formula One world champions Mercedes have found the computer bug that cost Lewis Hamilton victory at the season-opening Australian Grand Prix and taken steps to ensure it does not happen again. Trackside engineering director Andrew Shovlin s... More »
The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 12, 2018. REUTERS/Staff/Remote MILAN (Reuters) – European shares hit their highest level in almost two weeks on Monday, boosted by gains among German utilities ... More »
A man is seen next to Panasonic Corp’s logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Panasonic Corp is considering selling a Chinese plant that makes security cameras in a deal it hopes will fetch over $45... More »
U.S. President Donald Trump waves upon his arrival in West Palm Beach, Florida, U.S., March 2, 2018. REUTERS/Kevin Lamarque MEXICO CITY (Reuters) – From a hotel in Mexico City, Ann Wilson, a senior executive at the U.S. Motor and Equipment Manufacturers Associ... More »
DETROIT (Reuters) – If U.S. President Donald Trump goes ahead with sweeping tariffs on steel and aluminum imports, it could lower profits for companies making everything from pickup trucks to canned soup, or result in higher prices for consumers. Trump has thr... More »
An employee of German car manufacturer Porsche displays a badge depicting a Porsche logo at the Porsche factory in Stuttgart-Zuffenhausen, Germany, January 26, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) sports car maker Porsche... More »
U.S. Chief Negotiator John Melle smiles at the hotel where the seventh round of NAFTA talks takes place, in Mexico City, Mexico, March 1, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Negotiators trying to rework the NAFTA trade deal on Thursday were hi... More »
FILE PHOTO: A member of staff cleans Honda Avancier SUV after it was presented during Auto China 2016 auto show in Beijing April 25, 2016. REUTERS/Kim Kyung-Hoon/File Photo BEIJING (Reuters) – Honda Motor Co’s sales in China fell 5.9 percent in February from a... More »
FILE PHOTO: Canadian Foreign Minister Chrystia Freeland gives a speech during a joint news conference with Mexican Foreign Minister Luis Videgaray and U.S. Secretary of State Rex Tillerson in Mexico City, Mexico February 2, 2018. REUTERS/Henry Romero OTTAWA (R... More »
A partially assembled Chevrolet 2017 Sonic is seen on the assembly line at GM’s Orion Assembly plant in Orion, Michigan, U.S., June13, 2017. REUTERS/Rebecca Cook (Reuters) – Stock prices of U.S. steel and aluminum makers rose on Thursday after President Donald... More »
WASHINGTON (Reuters) – U.S. Transportation Secretary Elaine Chao said on Thursday that regulators will seek public input on rules for self-driving commercial vehicles and trains, as the administration grapples with how to regulate their expected future use. At... More »
FILE PHOTO: Chinese Minister of Science and Technology Wan Gang attends the International Forum on Electric Vehicle Pilot Cities and Industrial Development in Beijing, China June 6, 2017. REUTERS/Thomas Peter SHANGHAI (Reuters) – China’s total spending on rese... More »
FILE PHOTO: Li Shufu, founder and chairman of Zhejiang Geely Holding Group, attends the Volvo’s S90 news conference in Shanghai, China November 2, 2016. REUTERS/Aly Song/File Photo HONG KONG/SHANGHAI (Reuters) – Geely Automobile Holdings Ltd’s (0175.HK) shares... More »
FILE PHOTO: Li Shufu, founder and chairman of Zhejiang Geely Holding Group, attends the Volvo’s S90 news conference in Shanghai, China November 2, 2016. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Li Shufu, chairman of Chinese carmaker Geely, is making wa... More »
F1 Formula One – Formula One Test Session – Circuit de Barcelona Catalunya, Montmelo, Spain – February 26, 2018 Brendon Hartley of Toro Rosso during testing REUTERS/Albert Gea BARCELONA (Reuters) – Toro Rosso began their new Formula One partnership with Honda ... More »
FILE PHOTO: Batteries for electric vehicles are manufactured at a factory in Dongguan, China on September 20, 2017. REUTERS/Bobby Yip/File Photo SHANGHAI (Reuters) – China will make manufacturers of electric vehicles (EV) responsible for setting up facilities ... More »
A Ford worker inspects paint work on the body of a Ford Expedition SUV at FordÕs Kentucky Truck Plant as the No. 2 U.S. automaker ramps up production of two large SUV models in Louisville, Kentucky, U.S., February 9, 2018. REUTERS/Nick Carey LOUISVILLE (Reuter... More »
Samsung Group heir Jay Y. Lee said on Monday he spent his year in jail on "precious" self-reflection and promised to show a better side in future, after a high court suspended his jail sentence in a corruption scandal and set him free. More »
SEOUL (Reuters) – The lawyer for Samsung Group heir Jay Y. Lee said on Monday his client plans to appeal to the Supreme Court after he was found guilty of some charges by an appeals court, even though his sentence was suspended and he was able to walk free. Th... More »
FILE PHOTO: The Ford Motor Company logo is pictured at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File Photo BEIJING/SHANGHAI (Reuters) – Ford Motor’s (F.N) China joint venture will recall more than half a... More »
The Honda booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst TOKYO (Reuters) – Honda Motor Co Ltd (7267.T) on Friday said it expected China would overtake the Unite... More »
Dieter Zetsche, CEO of Mercedes car maker Daimler AG speaks during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12, 2017. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Car and truck maker Daimler on Friday said it was open to considering a br... More »
FILE PHOTO: Nokian tyres are on display at the “Krepost” Toyota dealership in the Siberian city of Krasnoyarsk, Russia August 8, 2014. REUTERS/Ilya Naymushin/File Photo HELSINKI (Reuters) – Finnish police plan to launch a criminal investigation into options tr... More »
FILE PHOTO – Key Safety Systems Chief Executive Officer Jason Luo listens to a question during an interview with Reuters in Tokyo, Japan October 5, 2016. REUTERS/Issei Kato/File Photo BEIJING (Reuters) – Ford Motor Co said its China chief, Jason Luo, has stepp... More »
FILE PHOTO: Test drivers use a Lexus SUV, built as a self-driving car, to map the area prior to a journey without a driver in control, in Phoenix, Arizona, U.S., April 5, 2016. Courtesy of Google/Handout via Reuters (Reuters) – Two-thirds of Americans are unco... More »
Nissan Motor’s self-parking slipper is seen in this handout photo which was released on January 25, 2018, in Japan. Nissan Motor/Handout via REUTERS TOKYO (Reuters) – In Japan, where old traditions are constantly being updated with new technology, one inn is m... More »
A Tesla Model 3 is seen in a showroom in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson (Reuters) – Tesla Inc (TSLA.O) is on track to achieve its production targets for the Model 3, the electric car-maker said on Thursday, squashing a re... More »
Bill Ford, executive chairman of the Ford Motor Company and Jim Hackett (R), President and CEO, present the 2019 Ford Ranger during the Ford press preview at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2018. REUTERS/Rebec... More »
DETROIT (Reuters) – General Motors Co (GM.N) is seeking U.S. government approval for a fully autonomous car – one without a steering wheel, brake pedal or accelerator pedal – to enter the automaker’s first commercial ride-sharing fleet in 2019, executives said... More »
A view shows the scene of an incident involving an armoured personnel carrier which was rammed by a man into a shop window before climbing through the rubble to steal a bottle of wine, in the northern town of Apatity Russia January 10, 2018. Hibinform.Ru/Hando... More »
FILE PHOTO – Tesla’s electric car, Powerwall and solar roof are shown by Tesla Motors Inc Chief Executive Elon Musk, unveiling new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity... More »
Hideaki Hikosaka, a member of NGK Spark Plug’s solid-state battery R&D team, shows a prototype of its all solid-state battery under development during an interview with Reuters in Nagoya, Japan December 12, 2017. REUTERS/Naomi Tajitsu NAGOYA, Japan (Reuters) –... More »
FILE PHOTO: A job seeker departs the Dr. Martin Luther King Jr. career fair held by the New York State department of Labor in New York, April 12, 2012. REUTERS/Lucas Jackson COLUMBUS, Ind. (Reuters) – When Sandy Vierling took a job at a new robot-packed factor... More »
FILE PHOTO – LED lights are shown on a 2012 Jeep Grand Cherokee during the first media preview day at the 2012 Chicago Auto Show in Chicago, Illinois February 8, 2012. REUTERS/Frank Polich MOSCOW (Reuters) – Italian-American carmaker Fiat Chrysler Automobiles ... More »
FILE PHOTO – U.S. Vice President Mike Pence arrives before U.S. President Donald Trump and Singapore’s Prime Minister Lee Hsien Loong speak at a joint statement at the White House in Washington, DC, U.S. October 23, 2017. REUTERS/Joshua Roberts WASHINGTON (Reu... More »
SEOUL (Reuters) – South Korea’s Samsung Heavy Industries (010140.KS) named Joonou Nam as its new chief executive officer on Monday after Park Dae-young resigned to take responsibility for the firm’s losses. The shipbuilder’s shares plunged last week as it fore... More »
FILE PHOTO: The logo of Kobe Steel (Kobelco) is seen at the company headquarters in Kobe, western Japan October 24, 2017. REUTERS/Thomas White/File Photo TOKYO (Reuters) – Kobe Steel Ltd (5406.T) said on Friday it has been hit with lawsuits over its data tampe... More »
A Volkswagen logo is pictured at the International Auto Show in Mexico City, Mexico November 23, 2017. REUTERS/Henry Romero MOSCOW (Reuters) – Russia’s standards agency Rosstandart said on Friday it had been informed about the recall of 30,777 Volkswagen Polo ... More »
The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay SAN FRANCISCO (Reuters) – Uber Technologies Inc’s former chief executive and some board members knew of a letter alleging employees had stolen trade secrets,... More »
FILE PHOTO: Children pass by a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. on November 28, 2017. REUTERS/Elijah Nouvelage/File Photo SAN FRANCISCO/DETROIT (Reuters) – General Motor... More »
FILE PHOTO: The charging plug of an electric Volkswagen Passat car is pictured at charging station at a VW dealer in Berlin, Germany, February 2, 2016. REUTERS/Fabrizio Bensch/File Photo LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has partnered with top carm... More »
FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo SAN FRANCISCO (Reuters) – The judge overseeing a lawsuit between Uber Technologies Inc [UBER.UL] and Alphabet Inc’s (GOOGL.O) Waymo se... More »
A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen, November 23, 2017. REUTERS/Thilo Schmuelgen ESSEN, Germany (Reuters) – Demand for next-generation lifts and car components enabled Thyssenkrupp (TKAG.DE) to report its highes... More »
A NAFTA banner is seen during the fifth round of NAFTA talks involving the United States, Mexico and Canada, in Mexico City, Mexico, November 19, 2017. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Canada and Mexico will not make counterproposals to U.S. dema... More »
Flags are pictured during the fifth round of NAFTA talks involving the United States, Mexico and Canada, in Mexico City, Mexico, November 19, 2017. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Divisions over updating the NAFTA trade deal showed no sign of ea... More »
Britain’s Finance Secretary Philip Hammond leaves 11 Downing Street, London, Britain, November 15, 2017. REUTERS/Toby Melville LONDON (Reuters) – British finance minister Philip Hammond’s budget statement this week will include measures to encourage the develo... More »
The Tesla Semi. Tesla/via REUTERS (Reuters) – Tesla Inc (TSLA.O) on Friday got high-profile orders from Wal-Mart Stores Inc (WMT.N) and fleet operator J.B. Hunt (JBHT.O) for its future electric truck, but would-be customers indicated they are giving the big ri... More »
The U.S. Senate voted Monday to approve a senior Transportation Department nominee and advance another nomination, after Republicans accused Democrats of blocking some nominees to push for funding of a New York area infrastructure project. More »
U.S. automaker Tesla Inc on Monday was hit with a class-action lawsuit claiming its California production plant is a "hotbed for racist behavior." More »
Shares of Nvidia Corp (NVDA.O) are set to open at a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless car... More »
Kobe Steel Ltd said on Friday a lack of quality controls and a focus on profits was behind the widespread data tampering that has shaken up the supply chains of car and plane makers around the world. More »
Taxi app Uber [UBER.UL] lost a bid on Friday to overturn a decision by a tribunal which had said its drivers deserved workers' rights such as the minimum wage, in a blow to the company as it also battles to keep its license in London. More »
German fashion brand Hugo Boss will end its motorsport tie-up with Formula One from next year to move into Formula E, Chief Executive Mark Langer told German weekly Focus. More »
A U.S. Senate tax reform proposal unveiled on Thursday does not eliminate a $7,500 electric vehicle tax credit as Republicans in the U.S. House of Representatives have proposed. More »
Japan's Toyota Motor Corp is seeking more investments in Israeli robotics and vehicle technologies after its venture arm led a $14 million investment in Intuition Robotics in July. More »
Embattled Kobe Steel Ltd has decided to withdraw its forecast for the current financial year as it struggles to quantify the impact of its data falsification scandal, the Nikkei business daily reported on Monday. More »
Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker and a shareholder of Kobe Steel Ltd, is willing to provide support to Kobe if it receives any request, the president of Nippon Steel said on Monday. More »
General Motors Co agreed to a $13.9 million settlement with Orange County, California after prosecutors accused the Detroit automaker of intentionally concealing serious safety defects including those involving faulty ignition switches tied to nearly 400 death... More »
Chinese search engine giant Baidu and Shouqi Limousine & Chauffeur, a car-hailing operator, are joining up to develop driverless vehicles, the official Xinhua media service reported on Saturday. More »
The U.S. National Highway Traffic-Safety Administration said Friday it is looking for input on how it can remove regulatory roadblocks to self-driving cars. More »
Lei Xu and Justin Song once worked at electric carmaker Tesla Inc, one of the hottest companies in Silicon Valley. But with interest and investments in autonomous vehicles mounting, they left to pursue what they see as the next big thing. More »
In a crowded field of more than 240 startups in self-driving cars, six companies -- four of them in Silicon Valley -- have achieved unicorn status, with valuations of $1 billion or more, according to industry estimates and publicly available data. Here's a clo... More »
Wall Street may love the shares of Silicon Valley electric carmaker Tesla Inc, but Americans love big, fuel-thirsty trucks like Ford Motor Co's bestselling F-Series pickups and are paying ever higher prices to buy them. More »
Subaru Corp (7270.T) failed to follow proper inspection procedures for vehicles destined for the domestic market at a factory in Japan, two people with knowledge of the matter said on Friday. More »
Brendon Hartley was relaxed about his Formula One debut with Toro Rosso in Texas last weekend but the pressure is rising now it has turned into an extended run with a 2018 race seat up for grabs. More »
The Bloodhound Supersonic Car, effectively a fighter jet on wheels, on Thursday kicked off a bid to roar into the record books by eventually reaching 1,000 mph (1,610 kmh). More »
Singapore, one of the world's most expensive places to own a vehicle, will not allow any growth in its car population from February, citing the small city-state's land scarcity and billions of dollars in planned public transport investments. More »
Electric car maker Tesla Inc (TSLA.O) reaffirmed on Sunday it is talking with the Shanghai municipal government to set up a factory in the region and expects to agree on a plan by the end of the year, but declined to comment on a report that a deal has been re... More »
With the Spanish media focused on the political crisis over Catalonia, Volkswagen's (VOWG_p.DE) Spanish division Seat has decided to delay announcing the name of its forthcoming model. More »
In an auto industry race to develop electric vehicle batteries that charge faster and are cheaper and safer than lithium-ion cells, startup Zap&Go will do all that with its carbon-ion alternative 'within a few years', a company executive said. More »
Russia's technical safety watchdog Rosstandart said on Friday it had been informed about the recall of 14,842 Mercedes-Benz (DAIGn.DE) Sprinter Classic 909 cars sold between March 2014 and December 2016, due to a combination of technical faults. More »
Uber [UBER.UL] submitted a court appeal on Friday to overturn a decision by London's transport regulator that stripped the taxi app of its operating license in one of its most important markets. More »
Crisis-hit Kobe Steel Ltd (5406.T) said on Friday its steel division has also falsely labeled products, the latest in a string of revelations confirming widespread cheating at the firm that has engulfed its global customers. More »
The revelation that Japan's third-biggest steelmaker Kobe Steel Ltd (5406.T) fabricated data for some of its aluminum and copper and other products has left affected manufacturers scrambling to pin down the potential impact. More »
The leaders of Mexico and Canada on Thursday pledged to work toward a renegotiation of the North American Free Trade Agreement (NAFTA) even as talks taking place in the United States turned sour due to hard-line U.S. demands. More »
U.S. demands for more favorable treatment under the North American Free Trade Agreement, and a proposal that any new deal be allowed to expire after five years, heightened tensions as negotiators held another round of talks to renew the pact this week. More »
Prime Minister Justin Trudeau said on Thursday Canada will not walk away from talks to rehash the North American Free Trade Agreement (NAFTA) despite a U.S. proposal to include a clause that could terminate the pact in five years. More »
Honeywell International Inc (HON.N) plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter. More »
Venezuelan auto worker Celso Nunez spends his days moonlighting as a mover and trading salvaged building materials in his worn-out red pick-up. More »
Ferrari's Sebastian Vettel pulled out a late flier around the Suzuka Circuit to set the pace ahead of Formula One title rival Lewis Hamilton in Friday's first practice session for the Japanese Grand Prix. More »
The United Auto Workers is talking with Ford Motor Co (F.N) about ways to avoid layoffs as the No. 2 U.S. automaker builds more electric vehicles, a senior union official told Reuters on Thursday. More »
Uber's new global boss Dara Khosrowshahi will meet London's transport regulator on Tuesday as the taxi hailing app fights to keep its license in one of its most important foreign markets. More »
China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles, slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply. More »
Premium car service Addison Lee plans to increase driver numbers in London by up to a quarter, it said on Friday, just as rival Uber [UBER.UL] is set to lose its license in Britain's capital. More »
Uber said on Monday it was not clear what concerns London's transport regulator had for stripping it of its license as the taxi app battles to keep operating in one of the world's wealthiest cities. More »
U.S. taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its license in the city, which represents a potentially big blow for the fast-growing company, a newspaper reported. More »
A British government minister has criticized the London authorities for deciding to strip Uber of its taxi licence, a major setback to the U.S. technology firm that has become a big player in the city's transport system. More »
