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July 13, 2020
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Tesla wants to start building a new U.S. vehicle plant this summer

Reuters
FILE PHOTO: The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. REUTERS/Stephen Lam DETROIT (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company......
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Audi boss to head carmaker’s R+D division: sources

Reuters
FILE PHOTO: Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany, March 21, 2018. REUTERS/Michael Dalder MUNICH (Reuters) – Markus Duesmann, the head of Audi (NSUG.DE), will also head the research and development division at German carmaker Volkswagen’s (VOWG_p.DE) premium brand,......
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Vans, not glamorous, but key as EU weighs autos mega-merger

Reuters
MILAN/PARIS (Reuters) – Their silhouettes don’t stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger. FILE PHOTO: A Peugeot......
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Exclusive: Who’s in charge at Nissan? COO’s allies push to give him shared CEO role – sources

Reuters
(Reuters) – Nissan’s chief operating officer Ashwani Gupta helped engineer the troubled automaker’s latest turnaround plan. Now his allies are pressing the board to promote him to co-CEO to drive the new strategy, said four people with direct knowledge. FILE PHOTO: Nissan Motor COO Ashwani Gupta speaks during a news......
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Glass Lewis joins ISS in opposing Tesla chairwoman’s re-election to board

Reuters
(Reuters) – Glass Lewis said on Thursday that it urged Tesla Inc (TSLA.O) investors to vote against re-electing Chairwoman Robyn Denholm to the company’s board, making it the second proxy advisory firm to oppose her appointment. FILE PHOTO: Tesla logo is pictured on a car during electric car E-Rallye Baltica......
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Glass Lewis opposes Tesla chairwoman’s re-election to Board: Bloomberg News

Reuters
FILE PHOTO: Tesla logo is pictured on a car during electric car E-Rallye Baltica 2019 in Bauska, Latvia July 23, 2019. REUTERS/Ints Kalnins (Reuters) – Proxy-adviser Glass Lewis has urged Tesla Inc (TSLA.O) investors to vote against re-electing chairwoman Robyn Denholm to the company’s board due to an arrangement with......
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Tesla signs three-year pricing deal with battery cell maker Panasonic

Reuters
FILE PHOTO: The company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019. REUTERS/Fabrizio Bensch (Reuters) – Tesla Inc (TSLA.O) has signed a three-year pricing deal with Japan’s Panasonic Corp (6752.T) relating to the manufacture and supply of lithium-ion battery cells at the......
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U.S. retail sales post record resurgence in May

Reuters
(Reuters) – U.S. retail sales experienced a record rise in May as 2.5 million Americans went back to work and people began moving about more freely, although the rebound retraces only a fraction of the historic drops in March and April amid the coronavirus lockdowns. FILE PHOTO: A shopkeeper works......
Reuters - Business

U.S. expected to report record rise in monthly retail sales

Reuters
(Reuters) – U.S. retail sales likely experienced a record rise in May as 2.5 million Americans went back to work, although any rebound will retrace only a fraction of the historic drops in March and April amid the coronavirus lockdowns. FILE PHOTO: A shopkeeper works inside his retail store as......
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Tesla negotiating incentives for possible Texas vehicle assembly plant: report

Reuters
FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” (The golden steering wheel) given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke (Reuters) – Electric carmaker Tesla Inc (TSLA.O) is negotiating possible incentives with......
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Volkswagen expects very bad second-quarter, positive 2020 adjusted operating profit

Reuters
FILE PHOTO: Volkswagen CFO Frank Witter speaks at the annual earnings news conference of VW in Berlin in Berlin, Germany, March 13, 2018. REUTERS/Hannibal Hanschke HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) expects a very bad second quarter, but also sees a positive adjusted operating profit before special items for 2020, Chief......
Reuters - Business

Volkswagen in Mexico will begin sending workers back to plant on Tuesday

Reuters
FILE PHOTO: The logo of Volkswagen is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson MEXICO CITY (Reuters) – Volkswagen AG’s (VOWG_p.DE) Mexican unit will begin sending workers back to its plant in the central state of Puebla on Tuesday for “preparation......
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Volkswagen, Audi on hold as Mexico’s Puebla state not ready to reopen

Reuters
FILE PHOTO: An employee leaves the Volkswagen (VW) plant as the company will temporarily close its factories in Mexico amid growing worries over the spread of the coronavirus disease (COVID-19), in Puebla, Mexico March 29, 2020. REUTERS/Imelda Medina/File Photo MEXICO CITY (Reuters) – Mexico’s Puebla state, where German automaker Volkswagen......
Reuters - Business

U.S. regulator sides with FCA in Jeep trade case against Mahindra

Reuters
FILE PHOTO: ROXOR off-road vehicles are seen in the Mahindra Automotive North America assembly plant in Auburn Hills, Michigan, U.S., January 30, 2019. REUTERS/Rebecca Cook/File Photo DETROIT (Reuters) – A U.S. regulator ruled that India’s Mahindra and Mahindra Ltd (MAHM.NS) infringed upon the intellectual property rights of Fiat Chrysler Automobiles......
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Volkswagen blames cultural insensitivity for ad criticised as racist

Reuters
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Thursday apologised for posting on its Instagram page last month an advert widely criticised as racist, and said it was published because of a lack of cultural sensitivity. FILE PHOTO: People pass in front of a Volkswagen logo ahead of the Shanghai Auto Show,......
Reuters - Business

U.S. auto suppliers cheer as carmakers relaunch, but long-term worries remain

Reuters
DETROIT (Reuters) – Auto parts suppliers across North America said they are encouraged as major automakers accelerate production after coronavirus pandemic shutdowns, but are holding back on hiring and investment because of longer-term uncertainty. FILE PHOTO: Bob Roth, CEO of transformer manufacturer RoMan Manufacturing holds a secondary coil for a......
Reuters - Business

Ford to return to pre-COVID production rates in U.S. plants by early July, COO says

Reuters
DETROIT (Reuters) – Ford Motor Co (F.N) expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus pandemic shut down the U.S. auto industry for two months, a top executive said on Wednesday. FILE PHOTO: Jim Farley, President,......
Reuters - Business

Carmakers must overhaul production plans to hit climate goals: report

Reuters
FILE PHOTO: Traffic backs up on the Brooklyn Queens Expressway in New York, U.S., August 2, 2018. REUTERS/Lucas Jackson LONDON (Reuters) – The world’s 14 biggest carmakers are on course to miss globally agreed climate targets, a leading sustainable finance think tank said on Wednesday, urging investors to do more......
Reuters - Business

Volkswagen replaces Herbert Diess as CEO of the VW brand

Reuters
BERLIN (Reuters) – Volkswagen (VOWG_p.DE) replaced Herbert Diess as chief executive of the VW brand on Monday and installed chief operating officer Ralf Brandstaetter to lead cost cutting efforts at the company’s largest plants in Germany. FILE PHOTO: Herbert Diess, CEO of German carmaker Volkswagen addresses the media during the......
Reuters - Business

Trump threatens EU, China with tariffs; names Navarro ‘lobster king’

Reuters
U.S. President Donald Trump talks about a U.S. jobs report amid the coronavirus disease (COVID-19) pandemic while signing the PPP Flexibility Act of 2020 in the Rose Garden at the White House in Washington, U.S., June 5, 2020. REUTERS/Kevin Lamarque BANGOR, Maine (Reuters) – U.S. President Donald Trump on Friday......

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