Overseas losses drag down Ford fourth-quarter results
DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except North America weighed on results. FILE PHOTO –…
Tesla’s Model 3 gets green light in Europe
FILE PHOTO: A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo AMSTERDAM…
Industry must rein in spend on electric, self-driving cars: Magna CEO
DETROIT (Reuters) – Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief…
Global auto leaders urge Trump administration to end trade turmoil
DETROIT (Reuters) – Auto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is…
Volkswagen hires Apple executive for autonomous vehicle role
FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker FRANKFURT (Reuters) –…
China has ‘good faith’ to fix trade issues as talks with U.S. resume
BEIJING (Reuters) – China has the “good faith” to work with the United States to resolve trade frictions, the Foreign Ministry said on Monday, as the world’s two largest economies…
France presses Renault over executive compensation paid via Dutch holding company
PARIS (Reuters) – The French government has told Renault (RENA.PA) to provide more details on compensation paid to senior executives via a Dutch holding company jointly owned with alliance partner…
Tesla urges tariff exemption for Chinese-made car computer ‘brain’
WASHINGTON (Reuters) – Tesla Inc has asked the Trump administration to exempt the Chinese-made car computer “brain” of its new Model 3 sedan from 25 percent tariffs imposed in August,…
GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout: source
FILE PHOTO – The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe, in Coahuila state, Mexico November 25, 2017. REUTERS/Daniel Becerril WASHINGTON (Reuters) – General…
Tesla shares drop on price cut, disappointing Model 3 deliveries
(Reuters) – Shares in Tesla Inc (TSLA.O) dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all…