Autos

Autos coverage from Reuters.

Business News2 hours ago

FILE PHOTO: The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG in Stuttgart, Germany, February 2, 2017.   REUTERS/Michaela Rehle

The European Investment Bank may ask Daimler <DAIGn.DE> to pay back loans extended for research and development in light of a report linking the Mercedes maker to diesel emission-test cheating, Welt am Sonntag reported.

Business News6 hours ago

FILE PHOTO: Li Shufu, chairman of Geely Holdings, speaks at the China-UK business forum in Shanghai, China February 2, 2018. REUTERS/Stringer

Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Daimler <DAIGn.DE> in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner's technology in the growing battle for the future of automotives.

Deals7 hours ago

FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China April 25, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Officials from Chinese carmaker Geely <0175.HK> plan to meet Daimler <DAIGn.DE> executives early next week after announcing the acquisition of an almost 10 percent stake in the Mercedes maker, two sources familiar with the situation said.

Environment10 hours ago

An exhaust pipe of a car is pictured on a street in a Berlin, Germany, February 22, 2018.    REUTERS/Fabrizio Bensch

Germany's government, which has steadfastly opposed barring heavily-polluting diesel cars from cities, is working on changes to allow driving bans on certain routes on an emergency basis, documents seen by Reuters showed.

Business News16 hours ago

Li Shufu, founder and chairman of Zhejiang Geely Holding Group, attends the Volvo's S90 news conference in Shanghai, China November 2, 2016. REUTERS/Aly Song

China's Zhejiang Geely Holding does not plan to buy more Daimler shares "for the time being," it said on Saturday, after its chairman Li Shufu disclosed he had a 9.69 percent stake in the German carmaker.

Business Newsa day ago

A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018.  REUTERS/Jonathan Ernst

Volkswagen <VOWG_p.DE> said profitability could take a hit this year as the carmaker invests billions of euros in electric vehicles (EVs) and launches a raft of new models.

Dealsa day ago

FILE PHOTO: A sign is seen on a vehicle displayed at Geely Auto's booth during the Auto China 2016 auto show in Beijing, China, April 29, 2016.  REUTERS/Damir Sagolj/File Photo

China's Zhejiang Geely Holding Group Co is buying a stake worth about 7.5 billion euros ($9.22 billion) in Daimler AG <DAIGn.DE> to become the largest investor in the German automaker, Bloomberg reported, citing people familiar with the matter.

Business Newsa day ago

Self-driving vehicles, based on Nissan Leaf electric vehicle (EV), for Easy Ride service, developed by Nissan and mobile gaming platform operator DeNA Co, are seen during its media preview in Yokohama, Japan, February 21, 2018. Picture taken February 21, 2018.  REUTERS/Toru Hanai

Nissan Motor Co is taking its first steps to becoming an operator of autonomous vehicle services, hoping to break into a segment set to be dominated by Uber [UBER.UL] and other technology firms.

Business News2 days ago

FILE PHOTO: Ford cars are assembled at a plant of Ford India in Chengalpattu, on the outskirts of Chennai, India, March 5, 2012.     REUTERS/Babu/File Photo

U.S. businesses and diplomats are pressing India to cut tariffs, industry and government sources say, after New Delhi's move to increase customs duties on dozens of products to help its flagship Make-in-India drive aggravated differences over trade.

Business News2 days ago

Members of the GM Korea union, a subcommittee for Korea Metal Workers' Union, hold a meeting to demand GM Korea withdraw its plan to shut down Gunsan manufacturing plant in Gunsan, South Korea February 14, 2018.  Yonhap via REUTERS

General Motors Co will propose a base wage freeze and no bonuses this year along with a suspension of some worker benefits at its money-losing South Korean unit to cut costs, according to an internal letter that Reuters reviewed on Friday.

Business News2 days ago

An exhaust pipe of a car is pictured on a street in a Berlin, Germany, February 22, 2018. REUTERS/Fabrizio Bensch

A German court has delayed a ruling on whether major cities can ban heavily polluting diesel cars, which could hit the resale value of up to 15 million vehicles in Europe's largest car market and force automakers to pay for costly modifications.

Business News2 days ago

FILE PHOTO: Kumar Galhotra, group vice president, Lincoln, and chief marketing officer for Ford Motor Company, holds the North American Truck of the Year award next to the winning 2018 Lincoln Navigator at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2018. REUTERS/Brendan McDermid

Ford Motor Co <F.N> on Thursday named company insider Kumar Galhotra as head of its North American operations, filling the gap left by the abrupt departure of Raj Nair after an internal investigation uncovered "inappropriate behavior" by the executive.

Business News2 days ago

Cars are pictured during morning rush hour at Schildhorn Street in a Berlin, Germany, February 22, 2018.  REUTERS/Fabrizio Bensch

A German court might not reach a decision on Thursday after all on whether major cities can ban heavily polluting diesel cars, a ruling being closely watched by automakers and drivers of 15 million vehicles in Europe's largest car market.

Business News3 days ago

FILE PHOTO -  South Korean Finance Minister Kim Dong-yeon speaks during his inaugural ceremony in Sejong government complex in Sejong, South Korea, June 15, 2017.  REUTERS/Kim Hong-Ji

South Korea said on Thursday that it plans to quickly conduct due diligence on the South Korean unit of General Motors Co and discuss a turnaround plan for the financially strapped subsidiary.

Business News3 days ago

FILE PHOTO: Boxes of iPhone X are pictured during its launch at the Apple store in Singapore, November 3, 2017. REUTERS/Edgar Su/File Photo

Apple Inc <AAPL.O> is talking to major cobalt producers to secure supplies of the material vital for the lithium-ion rechargeable batteries that power its mobile phones, three cobalt industry sources said.

Business News3 days ago

FILE PHOTO: A worker checks cars made by GM Korea in a yard of GM Korea's Bupyeong plant before they are transported to a port for export, in Incheon, west of Seoul August 9, 2013.  REUTERS/Lee Jae-Won/File Photo

General Motors (GM) <GM.N> has proposed an investment of $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide its share of the funds, a South Korean government official said on Wednesday.

Business News3 days ago

FILE PHOTO: Volkswagen's logos are pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 25, 2017. REUTERS/Kim Kyung-Hoon/File Photo

Volkswagen <VOWG_p.DE> has agreed to raise the wages of around 120,000 workers in Germany by 4.3 percent from May, resolving a dispute that had prompted its first strikes since 2004.

Business News4 days ago

FILE PHOTO: The Infiniti QX50 VC-Turbo is seen in Torrance, California U.S. November 22, 2017. REUTERS/Lucy Nicholson/File Photo

A second year of slowing growth in the U.S. auto market is forcing Japanese automakers to look beyond discounts to grow market share and focus more on boosting profitability in their largest market.

Business News4 days ago

The main gate to GM Korea's Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Picture taken February 13, 2018. Yonhap via REUTERS

General Motors' <GM.N> South Korean workers will go on a full strike if the U.S. automaker decides to completely pull out of the country, its union head told Reuters on Wednesday, adding he does not rule out the possibility GM might leave.

Business News4 days ago

The main gate to GM Korea's Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Picture taken February 13, 2018. Yonhap via REUTERS

South Korea's trade minister said on Wednesday the government has asked for an audit into General Motors <GM.N> "opaque" management in the country in the wake of the carmaker's decision to shut down a factory in a city southwest of Seoul.

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