News
Trump administration wants to raise North American auto content to 82%, with half from US
6+ hour, 24+ min ago (226+ words) WASHINGTON/MEXICO CITY, May 29 (Reuters) - The Trump administration wants to increase the level of regional content "in North American-built vehicles "to 82% to qualify for preferential treatment under the U. S. -Mexico-Canada Agreement on trade, with 50. .. WASHINGTON/MEXICO CITY, May 29 (Reuters) " The Trump…...
Volvo Cars wins US approval to keep importing vehicles with "connected car" technology
3+ day, 2+ hour ago (333+ words) By David Shepardson and Marie Mannes WASHINGTON, May 26 (Reuters) " Volvo Cars, majority owned by China's Geely Holding, said on Tuesday it had received approval from the U. S. government allowing it "to continue selling vehicles with Chinese "connected technology" in the country....
Volkswagen flags Chinese competition in Brazil, sees limited Iran impact
1+ week, 4+ day ago (232+ words) By Rodrigo Viga Gaier RIO DE JANEIRO, May 18 (Reuters) " Volkswagen is concerned about declining resale values of its vehicles as "lower-priced Chinese competitors expand in the "Brazilian market, the company's head in Brazil, Ciro Possobom, told Reuters on Monday. "While…...
Ford unit signs five-year energy storage deal with EDF
1+ week, 4+ day ago (211+ words) May 18 (Reuters) " Ford Motor's energy unit said on Monday it has signed a five-year deal to supply "up to 20 gigawatt-hours of "storage capacity to renewable power developer EDF. Under the deal, EDF can procure up to 4 GWh of DC Block…...
Automakers achieve supplier relations milestone during bumpy year
1+ week, 4+ day ago (371+ words) DETROIT, May 18 (Reuters) " Global automakers improved their relationships with suppliers over the past year, a prominent industry survey found, despite challenges related to tariffs, electric vehicle program writedowns and "policy swings. Ford, GM, Toyota, Stellantis, Honda and Nissan all improved…...
Comoros transport strike disrupts capital after fuel price hike
2+ week, 3+ day ago (276+ words) MORONI, May 12 (Reuters) " A transport strike over fuel price increases disrupted Comoros" capital Moroni and its outskirts for a second day on Tuesday, and "union officials said seven members had been arrested "after being summoned by the national gendarmerie. " The…...
Mercedes-Benz Trucks and Buses Argentina inaugurates $110 million plant
3+ week, 8+ hour ago (129+ words) BUENOS AIRES, May 8 (Reuters) " Mercedes-Benz Trucks and Buses Argentina on Friday inaugurated "a $110 million industrial truck "plant in Z'rate, a municipality in Buenos Aires province. The factory can produce up to 10, 000 units per year "and "will produce the Atego "and…...
Audi fears "significant" tariff impact ahead of SUV launch in US
3+ week, 3+ day ago (297+ words) BERLIN, May 5 (Reuters) " A looming U. S. tariff hike would have a "significant" impact on German premium carmaker Audi as it pushes ahead with plans to "launch its largest SUV in the U. S. this "summer, finance chief Juergen Rittersberger said on Tuesday. U. S. President…...
China's carmakers chase "Yaris moment' to ignite overseas growth
3+ week, 3+ day ago (853+ words) BEIJING, May 5 (Reuters) " China's carmakers are hunting for their own "Yaris moment" " the kind of locally tailored breakthrough that helped Toyota conquer Europe " as they race to turn booming exports into lasting overseas growth. After early attempts that largely involved…...
Car parts group Forvia's sales dragged by weakness in China
1+ mon, 5+ day ago (318+ words) April 24 (Reuters) " Forvia said on Friday that a sharp sales decline in China caused a 2. 2% drop in the French car parts supplier's first-quarter revenue, excluding currency translation "effects. Quarterly sales fell to 5. 14 billion euros ($6. 00 billion), driven "by a 23. 5% slump in…...