automotive-industry
Top StoriesRenault CEO Seeks Partner on Hybrids to Bring Scale, Cut Costs
Top StoriesRenault and Nissan in Talks That Could Reshape Autos Alliance
Top StoriesBmw Group Sales Drop Slightly in Q3
Top StoriesExclusive-Indian Car Makers Propose Tax Cut on Imports in Trade Deal With Britain
Engine Parts Makers Must Cross ‘valley of Death’ to Reach Ev Era
Date: October 5, 2022
By Nick Carey and Christina Amann KIDDERMINSTER, England (Reuters) – Auto engine parts makers eyeing the promising electric-vehicle market are dealing with a severe case of delayed gratification. Until EVs truly take off, engine parts makers face a perilous few years where they must invest heavily in new machinery, while struggling with falling sales of...
Tesla’s Logistical Challenges Overshadow Record Deliveries
Date: October 3, 2022
By Hyunjoo Jin and Mrinmay Dey -Tesla Inc on Sunday announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries. The top electric car maker said “it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost,” but some analysts were also concerned about demand...
Mercedes Says Comprehensive Trade Deal With EU Could Make India an Export Hub
Date: September 30, 2022
By Aditi Shah NEW DELHI (Reuters) – A comprehensive trade deal between India and the European Union could pave the way for Mercedes-Benz to produce more cars in the South Asian nation, potentially making it an export hub, Mercedes’ country head told Reuters on Friday. In June, the EU and India relaunched talks for a...
UK Car Output Rises in August, Soaring Costs Cast Shadow Over Recovery
Date: September 29, 2022
(Reuters) – British car production rose for a fourth straight month in August, compared with a year earlier, although record input costs cast a shadow over the sectors’ recovery, the Society of Motor Manufacturers and Traders (SMMT) said on Thursday. The industry body warned that almost seven in 10 of its members have expressed concern...
Jaguar Land Rover Sets Out to Train Workers, Dealers for Ev World
Date: September 28, 2022
By Nick Carey LONDON (Reuters) – Luxury British carmaker Jaguar Land Rover said on Wednesday it would retrain 29,000 employees and staff at retailers globally over the next three years to design, build and service electric vehicles (EVs) ahead of its shift away from fossil-fuel cars. The unit of India’s Tata Motors said the majority...
Bmw Expects Slight Growth in 2023, Cuts Germany Gas Intake by 15%
Date: September 26, 2022
BERLIN (Reuters) -BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales growth in 2023, chief financial officer (CFO) Nicolas Peter said in a roundtable on Monday. Demand was recovering in China in the third quarter after lockdowns plagued the first half, the CFO said,...