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July 4, 2022

AUTOMV

Verstappen leads Red Bull one-two in final British practice

Reuters
SILVERSTONE, England, July 2 (Reuters) – Formula One championship leader Max Verstappen led a Red Bull one-two in a breezy final practice for the British Grand Prix on Saturday. The Dutch 24-year-old lapped with a best time of one minute 27.901 seconds, 0.410 quicker than his Mexican team mate Sergio......

Sainz puts Ferrari on top in British GP practice

Reuters
Formula One F1 – British Grand Prix – Silverstone Circuit, Silverstone, Britain – June 30, 2022 Alfa Romeo’s Valtteri Bottas ahead of the Grand Prix REUTERS/Molly Darlington Register now for FREE unlimited access to Reuters.com Register Sainz fastest in second session Hamilton second quickest in both at home race SILVERSTONE,......

Drop in demand weighs on German manufacturing, outlook darkens -PMI

Reuters
A robot adjusts a windscreen in a fully automated process at the Daimler factory in Rastatt, Germany, February 4, 2019. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register BERLIN, July 1 (Reuters) – A sharp fall in new orders weighed on German manufacturing activity in June, darkening......

India plans safety rating system for passenger cars

Reuters
Traffic moves on a road in a heat haze during hot weather on the outskirts of Ahmedabad, India, May 12, 2022. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register NEW DELHI, June 25 (Reuters) – India will introduce a safety rating system for passenger cars – a......

Indian shares rise as automakers enjoy best day in over two years

Reuters
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, June 23 (Reuters) – Indian shares bucked a broader downturn on Thursday as weak metal and oil prices drove beaten-down automakers to their......

No immediate penalty for Leclerc after Baku engine blow

Reuters
Formula One F1 – Canadian Grand Prix – Circuit Gilles Villeneuve, Montreal, Canada – June 16, 2022 Ferrari engineers with Ferrari’s Charles Leclerc’s car ahead of the Canadian Grand Prix REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register MONTREAL, June 17 (Reuters) – The risk of Charles......

Toyota says consumer choice dictates pace of electrification

Reuters
TOYOTA, Japan, June 15 (Reuters) – Toyota Motor Corp (7203.T) pushed back against critics who say it has been slow to embrace battery electric vehicles (BEV), arguing it needed to offer a variety of car choices to suit different markets and customers. At its annual general meeting on Wednesday, the......

Ferrari names Carla Liuni new chief brand officer

Reuters
A Ferrari logo is pictured during the ‘Universo Ferrari’ exhibition, in Maranello, Italy, September 9, 2019. REUTERS/Flavio lo Scalzo/File Photo Register now for FREE unlimited access to Reuters.com Register MILAN, June 13 (Reuters) – Ferrari (RACE.MI) on Monday named former jewellery executive Carla Liuni as its new chief brand officer......

Automakers back U.S. restoring California emissions authority

Reuters
WASHINGTON, June 7 (Reuters) – Five automakers including Ford Motor Co (F.N), Volkswagen AG (VOWG_p.DE) and Honda Motor Co (7267.T) on Tuesday backed efforts by President Joe Biden’s administration to restore California’s ability to set its own strict tailpipe and zero-emission vehicle standards. Joined by BMW AG (BMWG.DE) and Volvo......

U.S. asks Mexico to probe alleged labor abuses at Stellantis parts plant

Reuters
MEXICO CITY/WASHINGTON June 6 (Reuters) – The United States has asked Mexico to probe alleged worker rights violations at a Mexican auto-parts plant owned by Italian-French carmaker Stellantis, the fourth such investigation under a revised trade deal, U.S. officials said on Monday. The U.S. request for Mexico to look into......

Stellantis unit pleads guilty, will pay $300M in U.S. diesel probe

Reuters
June 3 (Reuters) – The U.S. business of Fiat Chrysler Automobiles pleaded guilty to criminal conspiracy on Friday and will pay about $300 million in a plea agreement to resolve a multi-year U.S. Justice Department diesel emissions fraud probe, court documents show. FCA US LLC, now part of Stellantis (STLA.MI),......

U.S. charges Stellantis unit in diesel emissions probe

Reuters
Stellantis logo is seen on the company’s headquarters in Poissy near Paris, France, February 20, 2022. REUTERS/Gonzalo Fuentes/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON/NEW YORK, June 2 (Reuters) – The Justice Department on Thursday charged the U.S. business of Fiat Chrysler Automobiles with criminal conspiracy......

China EV startups say May sales up, post-lockdown output constrained

Reuters
June 2 (Reuters) – China’s electric vehicle start-ups reported stronger sales for May and forecast continued gains for June as supply chains and output begin to recover from the disruption of COVID-19 lockdowns in Shanghai and other cities. Li Auto Inc (2015.HK) reported a May sales gain of 166% from......

Global automakers face electric shock in China

Reuters
BEIJING, May 26 (Reuters) – If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock. Kings of the combustion age such as General Motors and Volkswagen are falling behind local players in the booming electric vehicle (EV) market......

Samsung to invest $356 billion over five years in strategic sectors

Reuters
SEOUL, May 24 (Reuters) – Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics (005930.KS) said. South Korea’s top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive......

India’s Mahindra to explore more partnerships for EV parts -CEO

Reuters
Anish Shah, Chief Executive Officer (CEO) of India’s Mahindra Group, poses for a picture after an interview with Reuters ahead of the World Economic Forum (WEF) at the Alpine resort of Davos, Switzerland May 22, 2022. REUTERS/Aditya Kalra Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May......

Stellantis to start reshuffle of dealer network next year

Reuters
Stellantis logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register VERONA, Italy, May 18 (Reuters) – Stellantis (STLA.MI) will start a reshuffle of its European dealers’ network next year from Austria, Belgium and the......

New car sales in Russia slump by record 78.5% y/y in April

Reuters
New cars are seen parked at the plant of Volkswagen Group Rus in Kaluga, Russia March 30, 2022. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register May 11 (Reuters) – New car sales in Russia fell by a record 78.5% year on year in April, dropping for......

Musk says he would reverse Twitter ban on Donald Trump

Reuters
May 10 (Reuters) – Billionaire Elon Musk said Tuesday he would reverse Twitter’s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of Tesla Inc,......

Indian shares muted as losses in metal stocks offset auto gains

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 10 (Reuters) – Indian shares were subdued on Tuesday, with losses in metal and energy stocks countering......

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