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Reuters - 1 hari yang lalu

Automakers say they face $14 billion in fines from Biden's 'unfeasible' fuel rules

UPDATE 2-Automakers say they face $14 billion in fines from Biden's 'unfeasible' fuel rules Updates headline By David Shepardson WASHINGTON, Sept 29 (Reuters) - The Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion in fines, an automotive group said Friday.
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Reuters - 1 hari yang lalu

Quebec in talks with battery, auto makers for C$15 bln in related investments

Quebec in talks with battery, auto makers for C$15 bln in EV-related investments By Divya Rajagopal TORONTO, Sept 29 (Reuters) - Quebec is in talks with battery makers and automobile companies looking to invest about C$15 billion ($11 billion) in the Canadian province over the next three years to build electric vehicle (EV) supply chains, the head of its government-owned investment company told Reuters.
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Reuters - 1 hari yang lalu

Auto File: Can Tesla Deliver While Detroit Strikes? 

Auto File: Can Tesla Deliver While Detroit Strikes?  Sept 29 - Joe White Global Autos Correspondent joe.white@thomsonreuters.com Greetings from the Motor City! Another Friday, another strike deadline for the United Auto Workers and the Detroit Three. This time General Motors and Ford will lose production of Explorer and Chevy Traverse SUVs. But their big trucks and large SUVs will keep printing money.
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Reuters - 1 hari yang lalu

Automakers warn Biden vehicle rules not feasible, could cost $14 bln in fines

Automakers warn Biden vehicle rules not feasible, could cost $14 bln in fines WASHINGTON, Sept 29 (Reuters) - The Biden administration proposal to dramatically hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion in fines, an automotive group said Friday. The Alliance for Automotive Inn
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Reuters - 2 hari yang lalu

Volkswagen: to build Trinity model at Zwickau, no further plant needed

UPDATE 2-Volkswagen: to build Trinity model at Zwickau, no further plant needed Recasts, adds details on production schedule BERLIN, Sept 29 (Reuters) - Volkswagen VOWG_p.DE plans to build its new generation of Trinity electric vehicles (EV) at its factory in Zwickau, Europe's largest carmaker said on Friday, scrapping plans for an all-new factory that were pushed under the group's former CEO.
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Reuters - 2 hari yang lalu

Volkswagen: to build Trinity model at Zwickau, no further plant needed

Volkswagen: to build Trinity model at Zwickau, no further plant needed BERLIN, Sept 29 (Reuters) - Volkswagen VOWG_p.DE plans to build its Trinity electric vehicles (EV) at its factory in Zwickau, the company said in a statement on Friday. "It has also been decided that there was no need for the construction of a further production facility in Wolfsburg Warmenau," the statement said.
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Reuters - 2 hari yang lalu

Volkswagen - production back to normal after major IT outage

Volkswagen - production back to normal after major IT outage BERLIN, Sept 29 (Reuters) - Production is back to normal across all Volkswagen VOWG_p.DE brands and regions, a company spokesperson said on Friday after an IT outage earlier this week caused most of its German plants to halt production. "Individual systems may still be affected in a transitional phase," the spokesperson said.
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Reuters - 2 hari yang lalu

Volkswagen's Trinity model to be built in Zwickau -Handelsblatt

Volkswagen's Trinity model to be built in Zwickau -Handelsblatt Sept 29 (Reuters) - Volkswagen VOWG_p.DE plans to build its Trinity electric vehicles (EV) at its factory in Zwickau, the German daily Handelsblatt reported on Friday, citing several company sources. The decision on the location for the prestige EV will be discussed at the Volkswagen supervisory board meeting on Friday, Handelsblatt reported.
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Reuters - 2 hari yang lalu

$1 bln metals SPAC deal backed by Glencore, automakers collapses

UPDATE 1-$1 bln metals SPAC deal backed by Glencore, automakers collapses Adds explanation why the deal was terminated in paragraphs 6-10 LONDON, Sept 28 (Reuters) - A $1 billion metals deal by blank-cheque fund ACG Acquisition Co has been terminated following delays when the different sides, which included a leading global miner and top automakers as anchor investors, tried to revise it, ACG said on Thursday.
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Reuters - 2 hari yang lalu

$1 bln metals SPAC deal backed by Glencore, automakers collapses

$1 bln metals SPAC deal backed by Glencore, automakers collapses LONDON, Sept 28 (Reuters) - A $1 billion metals deal by blank-cheque fund ACG Acquisition Company has been terminated following delays when the different sides, which included a leading global miner and top automakers as anchor investors, tried to revise it, ACG said on Thursday. ACG ACGa.L , a London-listed special purpose acquisition company (SPAC), planned to buy a nickel mine and a copper mine from Appian Capital, betting on ri
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Reuters - 2 hari yang lalu

Sweden's Northvolt to build $5.2 bln battery factory in Canada

Sweden's Northvolt to build $5.2 bln battery factory in Canada By Supantha Mukherjee and Divya Rajagopal STOCKHOLM/TORONTO, Sept 28 (Reuters) - Swedish lithium-ion battery producer Northvolt said on Thursday it would open a $5.2 billion gigafactory in Quebec, the largest ever investment in the Canadian province and the latest in electric vehicle battery manufacturing capacity in the country.
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Reuters - 3 hari yang lalu

China's Nio explores investment, tech alliances with Mercedes - sources

EXCLUSIVE-China's Nio explores investment, tech alliances with Mercedes - sources SHANGHAI, Sept 28 (Reuters) - Nio 9866.HK has held exploratory talks with Mercedes-Benz MBGn.DE for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said.
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Reuters - 3 hari yang lalu

Porsche AG confirms 2023, long-term margin outlook

Porsche AG confirms 2023, long-term margin outlook FRANKFURT, Sept 28 (Reuters) - Luxury carmaker Porsche AG P911_p.DE on Thursday confirmed its 2023 outlook, saying demand for its cars remained strong despite the challenging macroeconomic environment. "Financial markets around the world have come under pressure in recent weeks. One reason for this is the increasing uncertainty regarding global economic growth following the numerous interest rate increases by central banks," Porsche said in a st
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Reuters - 3 hari yang lalu

Volkswagen restarts production after suffering major IT outage

UPDATE 3-Volkswagen restarts production after suffering major IT outage Adds shares, VW comment By Christoph Steitz FRANKFURT, Sept 28 (Reuters) - Volkswagen VOWG_p.DE said on Thursday that a major IT outage, which had caused most of its German plants to halt production, was resolved overnight and its global production network was up and running again.
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Reuters - 3 hari yang lalu

Volkswagen: major IT issues resolved overnight

Volkswagen: major IT issues resolved overnight BERLIN, Sept 28 (Reuters) - Volkswagen VOWG_p.DE said on Thursday that a major IT outage was resolved overnight and its global production network was up and running again, allowing production to proceed as planned. The German carmaker had been hit by a major IT outage on Wednesday, causing production at the carmaker's namesake brand in Germany to come to a halt.
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Reuters - 3 hari yang lalu

Volkswagen hit by IT outage, VW vehicle production in Germany halted

UPDATE 3-Volkswagen hit by IT outage, VW vehicle production in Germany halted Adds context in paragraph 5, details on affected sites in paragraph 7 FRANKFURT, Sept 27 (Reuters) - Volkswagen VOWG_p.DE said it was hit by a major IT outage on Wednesday, causing production at the carmaker's namesake brand in Germany to come to a halt. Volkswagen, Europe's top carmaker, said the whole group, which includes the Porsche AG P911_p.DE and Audi brands, was affected.
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Reuters - 3 hari yang lalu

IT disruption paralyses Volkswagen's central infrastructure

IT disruption paralyses Volkswagen's central infrastructure BERLIN, Sept 27 (Reuters) - An IT disruption paralysed the central infrastructure of the Volkswagen Group VOWG_p.DE on Wednesday, a Volkswagen spokesperson confirmed to Reuters, as previously reported in Handelsblatt. The cause and the dimension of the problem are currently unknown, according to the Handelsblatt report.
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Reuters - 3 hari yang lalu

Russian car production doubles year-on-year in August

Russian car production doubles year-on-year in August MOSCOW, Sept 27 (Reuters) - Russia's car factories produced 49,600 passenger cars in August, twice as many as in the same month last year, when Western sanctions were pummelling Russia's auto industry, state statistics agency Rosstat said on Wednesday. In the January-August period, car output was down 9.6% year-on-year, it said.
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Reuters - 3 hari yang lalu

CORRECTED Volkswagen location searched in connection with works council salaries

CORRECTED (OFFICIAL)-Volkswagen location searched in connection with works council salaries Corrects headline, first paragraph after prosecutor spokesperson corrected statement on what premises were searched to four private properties and Volkswagen's Wolfsburg location, not four Volkswagen locations BERLIN, Sept 27 (Reuters) - Prosecutors have searched Volkswagen's VOWG_p.DE Wolfsburg location and four private properties on allegations of excessive salaries for members of the works council, the
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Reuters - 3 hari yang lalu

Volkswagen offices searched in connection with works council salaries

Volkswagen offices searched in connection with works council salaries BERLIN, Sept 27 (Reuters) - Prosecutors have searched four Volkswagen VOWG_p.DE locations on allegations of excessive salaries for members of the works council, the Braunschweig prosecutor's office said on Wednesday. The reason for the raids were salaries to works council members that allegedly violate a ban on preferential treatment in the Works Constitution Act, a spokesperson for the Braunschweig prosecutor's office said.
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