United States

Auto & Truck Manufacturers

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Ford CEO Says Product Portfolio Under Review

Thursday, 14 Dec 2017 06:38pm EST


Yamaha to sell 8 mln shares of Yamaha Motor

Tuesday, 28 Nov 2017 02:37am EST

Nov 28(Reuters) - Yamaha Corp <7951.T>:Says it will sell 8 million shares (2.3 percent voting rights) of Yamaha Motor Co Ltd <<<7272.T>>>, on Dec. 4.Says it will cut voting power in Yamaha Motor to 9.9 percent from 12.2 percent .

Toyota Motor to merge with Tokyo-based unit

Monday, 27 Nov 2017 01:21am EST

Nov 27 (Reuters) - Toyota Motor Corp <7203.T>:Says co plans to merge with co's Tokyo-based wholly owned unit Toyota Marketing Japan, with effective date on April 1, 2018.Says unit will be dissolved after merger.

VW CEO says greater spending discipline will help cut investments

Friday, 17 Nov 2017 08:17am EST

Nov 17 (Reuters) - Vw :Ceo says will stand by ambtious targets of strategy 2025.Works council chief says high investments needed to underpin electric-car push.Works council chief says wolfsburg targets 820,000 vehicle output in 2020.Chairman says latest prosecutor searches not discussed at board meeting on friday.Ceo says greater spending discipline will help lower investments.

Ford Motor says FY capital spending outlook remains on track for about $7 bln

Thursday, 26 Oct 2017 11:59am EDT

Oct 26 (Reuters) - Ford Motor Co ::Says outlook for full year capital spending remains on track for about $7 billion- SEC filing‍​.Says ongoing capital spending amount to support development, growth, restructuring expected to be about $8 billion annually through 2020.Says now expect full year pension contributions to funded plans to be about $1.5 billion, higher than prior guidance of about $1 billion.Says plans to pull ahead about $500 million of 2018 planned pension funding into Q4 to achieve a cash tax benefit.

Toyota exec: Free access to EU market key for UK plant

Tuesday, 24 Oct 2017 09:35pm EDT

Oct 25 (Reuters) - Toyota Motor Corp <7203.T> Executive Vice President Didier Leroy::free access to EU market for its UK plant is key.committed to UK plant.if Brexit talks move towards import, trade tariffs, will create big negative impact on competitiveness of UK plant.if Brexit talks postponed repeatedly, will have negative impact.does not see much growth in Japan in mid- longer term, but no plans to cut domestic production capacity.not shifting more production back to U.S. from Mexico, using opportunity to open new plant with Mazda.not playing politics in changing plant plans in Mexico.

HL Corp Shenzhen sees FY 2017 net profit up 65 pct to 115 pct

Friday, 20 Oct 2017 12:20am EDT

Oct 20(Reuters) - HL Corp Shenzhen <002105.SZ> ::Sees FY 2017 net profit to increase by 65 percent to 115 percent, or to be 47.1 million yuan to 61.4 million yuan.Says FY 2016 net profit was 28.6 million yuan.The reason for the forecast is sharply increased revenue from sharing bikes business .

Wuxi Best Precision Machinery sees 2017 Q1 to Q3 net profit to increase by 5 pct to 20 pct

Friday, 13 Oct 2017 10:40am EDT

Oct 13(Reuters) - Wuxi Best Precision Machinery Co Ltd <300580.SZ> ::Says net profit for 2017 Q1 to Q3 to increase by 5 percent to 20 percent, or to be 87 million yuan to 99.4 million yuan, compared to net profit of 2016 Q1 to Q3 (82.9 million yuan).Says steady growth of business as main reason for the forecast.

Zhejiang Qianjiang Motorcycle to dissolve Wuxi-based semiconductor unit

Wednesday, 30 Aug 2017 09:57pm EDT

Aug 31 (Reuters) - Zhejiang Qianjiang Motorcycle Co Ltd <000913.SZ>:* Says it will dissolve Wuxi-based semiconductor unit .


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