Toyota expects to restart sales of first EV after recall-sources

TOKYO, Oct 6 (Reuters) – Toyota Motor Corp expects to resume selling its first mass-produced electric vehicle, two people familiar with the matter said on Thursday, after the automaker fixed a defect that caused an embarrassing recall of the new bZ4X. Toyota, a relative latecomer to the EV market, recalled 2,700 bZ4X sports utility vehicles … Read more

As EV sales grow, the battle over US road weight limits heats up

Oct 5 (Reuters) – Car haulers are pushing the Biden administration and lawmakers to increase truck weight limits on US highways so they can transport more heavy electric vehicles, a move fiercely opposed by the rail industry and safety advocates who say the heavier loads are significantly more dangerous. Even before a recent spike in … Read more

Porsche to debut amid market tumult in historic IPO

FRANKFURT, Sept 29 (Reuters) – Porsche AG shares will list on the stock market on Thursday after Volkswagen (VOWG_p.DE) priced shares at the top end of the announced range, a sign the luxury brand has lured buyers despite market turmoil. Books closed on Wednesday with a final price of 82.50 euros, the carmaker said, at … Read more

Ford invests $700 million in Kentucky truck plant, adding 500 jobs

Sept 27 (Reuters) – Ford Motor Co (FN) said Tuesday it will invest $700 million and add 500 jobs at its Kentucky plant to support production of its new 2023 model year F-Series Super Duty truck. The no. 2 US automaker and its South Korean battery partner SK Innovation (096770.KS) said in September 2021 they … Read more

Chipmaker Qualcomm says automotive future business expands to $30 bln

Register now for FREE unlimited access to Register Sept 22 (Reuters) – US chip designer Qualcomm Inc (QCOM.O) on Thursday said its automotive business “pipeline” increased to $30 billion, up more than $10 billion since its third quarter results were announced in late July. The jump in future business was thanks to its Snapdragon … Read more

Ford sees inflation lifting quarterly supply costs $1 bln

The logo is seen on the bonnet of a new Ford Aspire car during its launch in New Delhi, India, October 4, 2018. Picture taken October 4, 2018. REUTERS/Anushree Fadnavis Register now for FREE unlimited access to Register Sept 19 (Reuters) – Ford Motor (FN) said on Monday inflation-related supplier costs will run about … Read more

Hiring, expansions: Indian businesses gear up for festive sales free of COVID curbs

Register now for FREE unlimited access to Register NEW DELHI, Sept 19 (Reuters) – Indian companies are hiring thousands of temporary workers, expanding to smaller cities and launching new products as the country prepares to celebrate its peak festive season without COVID restrictions for the first time in three years. Many people in the … Read more

Exclusive: Geely, oil group could take stakes in Renault engine company – sources

Register now for FREE unlimited access to Register Deal would not include Renault partner Nissan – sources Oil company role could help green hydrogen development – source PARIS, Aug 31 (Reuters) – China’s Geely Automobile Holdings (0175.HK) and an oil group are in talks about taking stakes in the fossil-fuel engine unit Renault (RENA.PA) … Read more

Car electrification unlikely to erase market for ethanol, says producer

A gas station worker fills up a car’s tank with ethanol in Cuiaba, Brazil, October 2, 2019. Picture taken October 2, 2019. REUTERS/Marcelo Teixeira/File Photo Register now for FREE unlimited access to Register NEW YORK, Sept 14 (Reuters) – The global movement by governments and automakers to boost electrification of cars does not mean … Read more

Nikola founder lied to investors about company tech, prosecutor says in fraud trial

Register now for FREE unlimited access to Register NEW YORK, Sept 13 (Reuters) – Nikola Corp (NKLA.O) founder Trevor Milton became a billionaire by lying to investors about the most important aspects of his low-emission vehicle company, a prosecutor told jurors as Milton’s fraud trial began on Tuesday . Prosecutors have said Milton sought … Read more