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February 27, 2020
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Waymo joins backlash against California self-driving data requirement

Reuters
(Reuters) – Alphabet Inc’s Waymo and General Motors Co’s Cruise are leading a backlash against a California reporting requirement on self-driving vehicle test data that the companies claim is not relevant or accurate in measuring performance or progress. FILE PHOTO: A Waymo self-driving vehicle is parked outside the Alphabet company’s......
Reuters - Business

Profit rise lifts Peugeot shares ahead of Fiat merger

Reuters
PARIS (Reuters) – Peugeot maker PSA Group said on Wednesday profitability reached a record high in 2019, results that contrasted with those of many rivals and boosted the group’s shares as it beds down a merger with Italy’s Fiat Chrysler. The French firm, which also produces cars under the Citroen......
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Toyota says Japan plants may be affected by virus-related supply issues

Reuters
A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Wednesday said that operations at its plants in Japan may be affected by supply chain issues linked to the new coronavirus outbreak......
Reuters - Business

Profits jump at Peugeot maker PSA ahead of Fiat merger

Reuters
FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker’s news conference as they announce the company’s 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann PARIS (Reuters) – Peugeot maker PSA Group said profitability reached fresh highs in......
Reuters - Business

Panasonic to exit solar cell production at Tesla’s NY plant; ops unaffected, NY says

Reuters
TOKYO/LOS ANGELES (Reuters) – Panasonic Corp (6752.T) plans to exit solar cell production at Tesla Inc’s (TSLA.O) New York plant, the latest sign of strain in a partnership where Panasonic’s status as the U.S. electric vehicle (EV) maker’s exclusive battery supplier nears its end. FILE PHOTO: The Panasonic booth is......
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Panasonic poised to withdraw from solar cell production at Tesla’s NY plant: sources

Reuters
FILE PHOTO: The Panasonic booth is shown during the 2020 CES in Las Vegas, Nevada, U.S. January 7, 2020. REUTERS/Steve Marcus TOKYO/LOS ANGELES (Reuters) – Japan’s Panasonic Corp (6752.T) is considering pulling out of solar cell production at Tesla Inc’s (TSLA.O) plant in New York, said people with direct knowledge......
Reuters - Business

Musk’s SpaceX rocket production facility approved by Port of Los Angeles

Reuters
LOS ANGELES (Reuters) – SpaceX, the private rocket company of high tech entrepreneur Elon Musk, won final approval on Tuesday to build a research and manufacturing plant for its deep-space Starship project on a tract of vacant land at the Port of Los Angeles. FILE PHOTO: A crowd gathers before......
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Renault says reserves the right to seek damages depending on Ghosn probe

Reuters
FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe PARIS (Reuters) – Renault (RENA.PA) said on Monday it had filed a civil-party petition after French prosecutors last week opened a formal investigation into alleged misappropriation of......
Reuters - Business

Honda’s Philippine unit to close auto production plant

Reuters
FILE PHOTO: The Honda logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Regis Duvignau (Reuters) – The Philippine unit of Honda Motor Co Ltd (7267.T) said on Saturday its production facility will shut down next month, as the Japanese......
Reuters - Business

Tesla resumes tree cutting in Germany to build Gigafactory

Reuters
FRANKFURT (Reuters) – Tesla Inc said it had resumed tree cutting in Gruenheide, Germany so it can construct its first European car and battery factory following moves by environmentalists to stop local deforestation. FILE PHOTO: Logged trees are seen, after a court ordered to stop clearing forest land for a......
Reuters - Business

China’s Geely starts online auto sales as virus epidemic keeps buyers at home

Reuters
BEIJING (Reuters) – Chinese automaker Geely [GEELY.UL] has launched a service for customers to buy cars online and get them delivered directly to their homes, in a bid to drum up sales as the coronavirus outbreak prompts buyers to stay away from showrooms. FILE PHOTO: A building of the Geely......
Reuters - Business

Tesla gets court approval to clear forest for German Gigafactory

Reuters
FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song BERLIN (Reuters) – Tesla Inc (TSLA.O) got approval from a German court on Thursday to continue to cut down forest near the capital Berlin to build its......
Reuters - Business

Manufacturers entangled in logistical nightmare as virus-hit China limps back to work

Reuters
SHANGHAI/BANGKOK (Reuters) – Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung. FILE PHOTO: Workers wearing face masks load cargo to a truck next to containers at a railway cargo terminal, as the country is hit by an outbreak of the novel coronavirus, in Yinchuan, Ningxia......
Reuters - Business

French judges step up Ghosn probe over palace party, Oman dealings

Reuters
PARIS (Reuters) – French prosecutors have stepped up their investigation into alleged misappropriation of funds at Renault (RENA.PA) by former boss Carlos Ghosn, saying a judge had now been assigned to the case to launch a formal investigation. FILE PHOTO: Former Nissan chairman Carlos Ghosn gestures during a news conference......
Reuters - Business

French prosecutors step up Ghosn probe over palace party, Oman dealings

Reuters
FILE PHOTO: Former Nissan chairman Carlos Ghosn gestures during a news conference at the Lebanese Press Syndicate in Beirut, Lebanon January 8, 2020. REUTERS/Mohamed Azakir/File Photo PARIS (Reuters) – French prosecutors said on Wednesday they had assigned a judge to formally investigate various allegedly suspect financial dealings linked to Renault......
Reuters - Business

Virgin Galactic’s stock soars, fueled by retail investors

Reuters
SAN FRANCISCO (Reuters) – Virgin Galactic Holdings Inc (SPCE.N) shares surged 24% on Tuesday, extending a rally since early December to over 400% and evoking a warning from an analyst who likes the space tourism company but warns it has become overbought. FILE PHOTO: Sir Richard Branson poses on floor......
Reuters - Business

20 years after dot-com peak, tech dominance keeps investors on edge

Reuters
SAN FRANCISCO/NEW YORK (Reuters) – As Wall Street approaches the 20th anniversary of the piercing of the dot-com bubble, today’s decade-old rally led by a few small players shows some similarities that cautious investors are keeping an eye on. FILE PHOTO: A view of the exterior of the Nasdaq market......
Reuters - Business

French finance minister warns Renault against job cuts, factory closures

Reuters
FILE PHOTO: French Finance Minister Bruno Le Maire reacts after his New Year address to France’s economic officials and the media at the Bercy Finance Ministry in Paris, France, January 7, 2020. REUTERS/Charles Platiau/File Photo BRUSSELS (Reuters) – French Finance Minister Bruno Le Maire warned Renault (RENA.PA) on Tuesday against......
Reuters - Business

Nissan’s new CEO says willing to be fired if no turnaround

Reuters
YOKOHAMA (Reuters) – Nissan’s (7201.T) new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan’s second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn. FILE PHOTO: Nissan Motor chief executive Makoto Uchida......
Reuters - Business

Apple warns sales to fall short of target due to coronavirus impact

Reuters
(Reuters) – Apple Inc (AAPL.O) warned on Monday it was unlikely to meet its March quarter sales guidance set just three weeks ago as the world’s most valuable technology firm became one of the biggest corporate casualties of China’s coronavirus epidemic. FILE PHOTO: The Apple Inc. logo is seen hanging......

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