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Top StoriesMotor racing-Porsche’s Formula One Plans Stall as Red Bull Talks Collapse
German New Passenger Car Registrations up 3% in August – Industry Source
Date: September 6, 2022
(Reuters) – German new passenger car registrations rose 3% in August to nearly 200,000 vehicles, an industry source said on Monday. From January to August, new passenger car registrations fell 10% to 1.64 million vehicles, the source added. (Reporting by Jan Schwartz; Writing by Paul Carrel; Editing by Miranda Murray)...
New U.S. Rules on Ev Subsidies Slam Hyundai, Kia’s Dreams
Date: September 2, 2022
By Heekyong Yang and Ben Klayman SEOUL/DETROIT (Reuters) -After grabbing the No. 2 spot in the U.S. electric vehicle market with stylish, long-range models, Hyundai Motor and Kia are the automakers with the most to lose from new rules that halt subsidies for EVs made outside North America. These two companies, which make the popular...
Toyota’s July Global Vehicle Output Drops Again, Puts Annual Target in Doubt
Date: August 30, 2022
(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had fallen 8.6% year-on-year, missing its target for the fourth straight month, as COVID outbreaks, severe weather and a recall probe on top of a persistent chip shortage hurt output. The sustained weakness in overall performance in July from the world’s largest automaker...
Nissan to Cease Producing Cylinder Heads for Renault From 2024
Date: August 24, 2022
PARIS (Reuters) – Nissan said it would stop production of cylinder heads for French car maker Renault at its plant in Sunderland, northern England, from early 2024, adding it did not expect this move to result in job losses. “From early 2024, Nissan Sunderland Plant will cease production of cylinder heads on site. We do...
McLaren to Enter India Market Later This Year
Date: August 23, 2022
(Reuters) – British sportscar maker McLaren said on Monday it was entering the Indian market, with its first retail outlet set to open in Mumbai later this year. India is largely a low-cost and price-sensitive car market in which luxury models account for just over 1% of total annual sales of about 3 million. McLaren...
Exclusive-China’s Eve to Supply Bmw With Large Tesla-Like Cylindrical Batteries in Europe -Sources
Date: August 17, 2022
SHANGHAI (Reuters) -China’s EVE Energy Co Ltd will supply BMW with large cylindrical batteries for its electric cars in Europe, two people with knowledge of the matter said, as the German automaker follows Tesla Inc in adopting the new technology. EVE has signed contracts to be BMW’s primary supplier of the battery cells in Europe...