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News
Exclusive-Honda tells suppliers to cut costs in $9 billion push to fend off China, documents show
1+ hour, 58+ min ago (581+ words) TOKYO, Sept 2 (Reuters) – Japan’s Honda aims to cut more than $9 billion in costs over the next four years and has instructed suppliers to drastically reduce their prices, according to internal documents and one person familiar with the matter. Honda, the…...
Volkswagen management proposes shutdown of four German plants by 2034, WiWo reports
15+ hour, 26+ min ago (139+ words) BERLIN, Sept 1 (Reuters) - Volkswagen's management board plans to propose ending production at four German plants between 2031 and 2034, German business outlet WirtschaftsWoche reported on Tuesday. The Emden and Zwickau plants are slated to end ... BERLIN, Sept 1 (Reuters) â Volkswagenâs management…...
Tesla’s European registrations mixed in August, with strong France, Denmark supporting growth
21+ hour, 46+ min ago (139+ words) Sept 1 (Reuters) – Tesla’s registrations across several European markets in August painted a mixed picture on Tuesday, with strong gains in France and Denmark contrasted by declines in Norway and Sweden. Registrations of new Tesla vehicles, a proxy for sales, soared…...
German state leader urges joint effort to solve Volkswagen crisis
1+ day, 15+ hour ago (372+ words) By Rachel More and Christina Amann DRESDEN, Germany, Aug 31 (Reuters) – Volkswagen’s workers, management and political leaders must work together to minimise the impact of job and capacity cuts at Europe’s biggest automaker and boost its competitiveness, the state leader of…...
Analysis-Toyota and Honda may get stuck with the bill for Trump’s Canada tariffs
2+ day, 1+ hour ago (635+ words) By Daniel Leussink and Maki Shiraki TOKYO, Aug 31 (Reuters) – U.S. President Donald Trump is targeting Ottawa with a proposed 50% tariff on Canadian car imports — but Japan’s Toyota and Honda may end up footing the bill. The two Japanese automakers account…...
GM’s Canadian workers approve deal adding truck to Ontario plant amid US trade war
2+ day, 4+ hour ago (162+ words) Aug 30 (Reuters) - General Motors workers in Canada on Sunday approved an agreement that would build a new heavy-duty truck in Ontario, as part of C$1.1 billion ($790.97 million) pledged for its plants in a country now reeling from U.S. tariffs.... Aug…...
GM deal with workers would add Sierra pickup assembly to Canadian plant despite US tariff threat
3+ day, 11+ hour ago (241+ words) Aug 29 (Reuters) – General Motors would assemble a heavy-duty pickup at an Ontario plant as part of a tentative deal with a key union, marking a boost for Canada’s auto sector that has been under pressure from U.S. tariffs. GM…...
Toyota sales, production fall on sharp declines in China, Middle East
5+ day, 53+ min ago (174+ words) TOKYO, Aug 28 (Reuters) – Toyota Motor said on Friday its global vehicle sales and production fell in July, weighed by declines in China, the United States and the Middle East, which offset a stronger performance in Japan. • Global sales fell 4.8% from…...
Automakers thought Canada was getting a trade deal. Then tariffs doubled
6+ day, 12+ hour ago (596+ words) By Nora Eckert and David Shepardson DETROIT, Aug 26 (Reuters) – Just last week, automakers were hoping summer U.S.-Canada trade talks would deliver relief from Washington’s 25% tariffs that have raised the cost of shipping vehicles and parts across the border. Instead,…...
VW’s Blume says overhead costs 30% above rivals, 50,000 jobs figure a guide
1+ week, 4+ day ago (239+ words) BERLIN, Aug 21 (Reuters) – Volkswagen CEO Oliver Blume said the German carmaker’s overhead costs remain over 30% higher than those of comparable firms and that it must reduce that disadvantage to stay competitive, according to an internal company interview. “The frequently cited…...