automotive-industry
Top StoriesContinental Cuts Earnings Forecast as Ukraine War Pushes up Costs
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Stellantis Rejigs China Financing Ops in Latest Reboot Plans
Date: April 13, 2022
By Tassilo Hummel and Giulio Piovaccari PARIS (Reuters) -Fiat parent Stellantis will sell its stake in an auto financing joint venture to its Chinese partner Dongfeng and set up its own financial services unit in China, the latest step to overhaul its business in the world’s top car market. The move comes after the world’s...
Cma Cgm Buys Auto Logistics Firm Gefco as Russia’s Rzd, Stellantis Exit
Date: April 8, 2022
PARIS (Reuters) – French shipping group CMA CGM said on Friday it has acquired nearly 100% of Gefco, the auto transport company previously co-owned by Russian Railways (RZD) and carmaker Stellantis. CMA CGM had been authorised by the European Commission to acquire Gefco’s capital immediately, pending final approval of the deal expected in the coming...
Russian Auto Boomtown Grinds to Halt Over Ukraine Sanctions
Date: April 5, 2022
(Reuters) -Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with more sanctions likely to come. The Kaluga region, 190 kilometres (120 miles) southwest of Moscow, says it has attracted more than 1.3 trillion roubles ($15 billion)...
Build or Buy? Automakers Chasing Tesla Rethink Dependence on Suppliers
Date: March 31, 2022
By Tina Bellon and Joseph White (Reuters) -Automakers racing to develop battery-powered, software-driven vehicles to compete with Tesla Inc are confronting a new challenge: what technology to build themselves, and what to keep buying from suppliers. Becoming more vertically integrated by doing more manufacturing in-house represents a major shift for most global automakers, who have...
EU Weighs Driver Data Rules, Pitting Insurers Against Auto Giants
Date: March 31, 2022
By Carolyn Cohn and Huw Jones LONDON (Reuters) – The European Union has launched a public consultation on possible rules to ensure fair access to drivers’ data, pitting the powerful insurance and auto industries against one another in a battle to monetise digital information. The bloc’s executive European Commission said in a call for evidence...
Giga-Casting and Robots: How Volkswagen’s Trinity Aims to Catch up With Tesla
Date: March 31, 2022
By Victoria Waldersee, Jan Schwartz and Nadine Schimroszik BERLIN (Reuters) – As Tesla kicks off production at its new German plant this month, Volkswagen is weeks away from finalising plans for a 2 billion euro ($2.2 billion) electric vehicle (EV) factory that it hopes will bring it up to speed with its U.S. rival. Tesla...