Autos

Autos coverage from Reuters.

Business News18 hours ago

FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors' new showroom in Manhattan's Meatpacking District in New York City, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo

Tesla Inc's <TSLA.O> shares slumped 9 percent on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for "extreme torture" from short sellers.

Business News20 hours ago

FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018.        REUTERS/Mike Blake/File Photo

Several Tesla Inc <TSLA.O> shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors.

Business News2 days ago

FILE PHOTO:    Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo September 8, 2014. Musk said on Monday that he would not be surprised if there was a significant deal with Toyota Motor Corp in the next two to three years, though there were no definitive plans.    REUTERS/Toru Hanai/File Photo

The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc <TSLA.O> regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources.

Business News3 days ago

FILE PHOTO: An employee walks past as he checks on newly-produced cars at a Toyota factory in Tianjin, March 23, 2012. REUTERS/Stringer/File Photo

Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that's gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter.

Politics3 days ago

FILE PHOTO:  Wisconsin Governor Scott Walker waves after speaking during the third day of the Republican National Convention in Cleveland, Ohio, U.S., July 20, 2016.    REUTERS/Carlo Allegri/File Photo

Voters chose nominees on Tuesday in the key battleground states of Wisconsin and Minnesota, setting up what are expected to be tight races as November's congressional elections draw near.

Business News3 days ago

FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018.        REUTERS/Mike Blake/File Photo

(This August 14 story was corrected to say "private" instaed of "public" in paragraph 14)

Business News3 days ago

FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, U.S., July 19, 2017. REUTERS/Aaron P. Bernstein/File Photo

Elon Musk told investors this week that "obviously, the Saudi sovereign fund has more than enough capital needed" to finance taking Tesla private.

Business News4 days ago

Vendor Zhao Baoxin, 61, speaks during a street interview on U.S.-China trade war at his shop in Beijing, China August 9, 2018. REUTERS/Jason Lee

Chinese officials have been mostly measured and moderate in their response to U.S. President Donald Trump's ratcheting up of a trade war with Beijing in recent weeks through his announcement of a series of punitive tariffs. They have generally avoided adding to tensions, allowing the Communist Party's official media to make the most bellicose comments.

Technology News4 days ago

FILE PHOTO: Visitors check NIO ES8 displayed during a media preview of the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Damir Sagolj/File Photo

Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker.

Business News4 days ago

FILE PHOTO: Tesla CEO Elon Musk at a press conference at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper/File Photo

Tesla Inc <TSLA.O> Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc <GS.N> as financial advisers on his plan to take the U.S. electric car maker private.

Business News5 days ago

Giant cranes of Hyundai Heavy Industries are seen in Ulsan, South Korea, May 29, 2018. Picture taken on May 29, 2018.  REUTERS/Kim Hong-Ji

When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary.

Business News5 days ago

FILE PHOTO: Office workers are reflected in a glass railing as they cross a street during lunch hour in Tokyo June 1, 2015. REUTERS/Thomas Peter/File Photo

(This August 1 story has been corrected to remove erroneous information in 17th paragraph)

Business News6 days ago

FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S. June 28, 2018.      REUTERS/Mike Blake

Saudi Arabia's Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc <TSLA.O> CEO Elon Musk's proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said.

Business News6 days ago

FILE PHOTO: German Economy Minister Peter Altmaier speaks at the "70 Years of Social Market Economy" anniversary event at the Federal Ministry for Economic Affairs and Energy in Berlin, Germany, June 15, 2018. REUTERS/Michele Tantussi/File Photo

German Economy Minister Peter Altmaier has sharply criticized U.S. President Donald Trump's tariffs and sanctions policies, saying such measures were destroying jobs and growth and that Europe would not bow to U.S. pressure regarding Iran.

Business News8 days ago

FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, U.S., July 19, 2017. REUTERS/Aaron P. Bernstein/File Photo

Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the electric car company private.

Business News8 days ago

FILE PHOTO: People walk past a showroom outside Tesla China headquarters at China Central Mall in Beijing, China July 11, 2018. REUTERS/Jason Lee/File Photo

Tesla Inc's <TSLA.O> board has not yet received a detailed financing plan from CEO Elon Musk, and is seeking more information about how he will take the U.S. electric car maker private in a proposed deal worth $72 billion, people familiar with the matter said on Thursday.

Business News9 days ago

A sign is seen outside the Tesla Inc. Gigafactory 2, which is also known as RiverBend, a joint venture with Panasonic to produce solar panels and roof tiles in Buffalo, New York, U.S., August 2, 2018. Picture taken August 2, 2018. To match Insight TESLA-SOLAR/ REUTERS/Brendan McDermid

Tesla Inc's <TSLA.O> shares slipped nearly 5 percent on Thursday, wiping out the gains fueled by Chief Executive Elon Musk's announcement of a plan to take the company private, after reports of concern by regulators and on doubt the deal could be done.

Business News9 days ago

FILE PHOTO: SpaceX founder Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper/File Photo

Tesla Inc <TSLA.O> Chief Executive Officer Elon Musk has held up his closely held space transportation company SpaceX as a model for taking his loss-making electric car company private, saying he wants existing Tesla investors to continue to hold stock.

Business News9 days ago

Mazda Motor Corporation's senior managing executive officer Kiyotaka Shobuda and managing executive officer Takeshi Mukai bow in apology at a news conference in Tokyo, Japan August 9, 2018. REUTERS/Kim Kyung-Hoon

Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co improperly tested vehicles for fuel economy and emissions, the Japanese government said on Thursday, revealing fresh cases of compliance failures by manufacturers.

Business News9 days ago

Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co have submitted reports to Japan's transport ministry that they conducted improper fuel economy and emissions tests on their vehicles, the ministry said on Thursday.

Business News18 hours ago

FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors' new showroom in Manhattan's Meatpacking District in New York City, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo

Tesla Inc's <TSLA.O> shares slumped 9 percent on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for "extreme torture" from short sellers.

Business News20 hours ago

FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018.        REUTERS/Mike Blake/File Photo

Several Tesla Inc <TSLA.O> shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors.

Business News2 days ago

FILE PHOTO:    Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo September 8, 2014. Musk said on Monday that he would not be surprised if there was a significant deal with Toyota Motor Corp in the next two to three years, though there were no definitive plans.    REUTERS/Toru Hanai/File Photo

The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc <TSLA.O> regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources.

Business News3 days ago

FILE PHOTO: An employee walks past as he checks on newly-produced cars at a Toyota factory in Tianjin, March 23, 2012. REUTERS/Stringer/File Photo

Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that's gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter.

Politics3 days ago

FILE PHOTO:  Wisconsin Governor Scott Walker waves after speaking during the third day of the Republican National Convention in Cleveland, Ohio, U.S., July 20, 2016.    REUTERS/Carlo Allegri/File Photo

Voters chose nominees on Tuesday in the key battleground states of Wisconsin and Minnesota, setting up what are expected to be tight races as November's congressional elections draw near.

Business News3 days ago

FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018.        REUTERS/Mike Blake/File Photo

(This August 14 story was corrected to say "private" instaed of "public" in paragraph 14)

Business News3 days ago

FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, U.S., July 19, 2017. REUTERS/Aaron P. Bernstein/File Photo

Elon Musk told investors this week that "obviously, the Saudi sovereign fund has more than enough capital needed" to finance taking Tesla private.

Business News4 days ago

Vendor Zhao Baoxin, 61, speaks during a street interview on U.S.-China trade war at his shop in Beijing, China August 9, 2018. REUTERS/Jason Lee

Chinese officials have been mostly measured and moderate in their response to U.S. President Donald Trump's ratcheting up of a trade war with Beijing in recent weeks through his announcement of a series of punitive tariffs. They have generally avoided adding to tensions, allowing the Communist Party's official media to make the most bellicose comments.

Technology News4 days ago

FILE PHOTO: Visitors check NIO ES8 displayed during a media preview of the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Damir Sagolj/File Photo

Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker.

Business News4 days ago

FILE PHOTO: Tesla CEO Elon Musk at a press conference at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper/File Photo

Tesla Inc <TSLA.O> Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc <GS.N> as financial advisers on his plan to take the U.S. electric car maker private.

Business News5 days ago

Giant cranes of Hyundai Heavy Industries are seen in Ulsan, South Korea, May 29, 2018. Picture taken on May 29, 2018.  REUTERS/Kim Hong-Ji

When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary.

Business News5 days ago

FILE PHOTO: Office workers are reflected in a glass railing as they cross a street during lunch hour in Tokyo June 1, 2015. REUTERS/Thomas Peter/File Photo

(This August 1 story has been corrected to remove erroneous information in 17th paragraph)

Business News6 days ago

FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S. June 28, 2018.      REUTERS/Mike Blake

Saudi Arabia's Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc <TSLA.O> CEO Elon Musk's proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said.

Business News6 days ago

FILE PHOTO: German Economy Minister Peter Altmaier speaks at the "70 Years of Social Market Economy" anniversary event at the Federal Ministry for Economic Affairs and Energy in Berlin, Germany, June 15, 2018. REUTERS/Michele Tantussi/File Photo

German Economy Minister Peter Altmaier has sharply criticized U.S. President Donald Trump's tariffs and sanctions policies, saying such measures were destroying jobs and growth and that Europe would not bow to U.S. pressure regarding Iran.

Business News8 days ago

FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, U.S., July 19, 2017. REUTERS/Aaron P. Bernstein/File Photo

Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the electric car company private.

Business News8 days ago

FILE PHOTO: People walk past a showroom outside Tesla China headquarters at China Central Mall in Beijing, China July 11, 2018. REUTERS/Jason Lee/File Photo

Tesla Inc's <TSLA.O> board has not yet received a detailed financing plan from CEO Elon Musk, and is seeking more information about how he will take the U.S. electric car maker private in a proposed deal worth $72 billion, people familiar with the matter said on Thursday.

Business News9 days ago

A sign is seen outside the Tesla Inc. Gigafactory 2, which is also known as RiverBend, a joint venture with Panasonic to produce solar panels and roof tiles in Buffalo, New York, U.S., August 2, 2018. Picture taken August 2, 2018. To match Insight TESLA-SOLAR/ REUTERS/Brendan McDermid

Tesla Inc's <TSLA.O> shares slipped nearly 5 percent on Thursday, wiping out the gains fueled by Chief Executive Elon Musk's announcement of a plan to take the company private, after reports of concern by regulators and on doubt the deal could be done.

Business News9 days ago

FILE PHOTO: SpaceX founder Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper/File Photo

Tesla Inc <TSLA.O> Chief Executive Officer Elon Musk has held up his closely held space transportation company SpaceX as a model for taking his loss-making electric car company private, saying he wants existing Tesla investors to continue to hold stock.

Business News9 days ago

Mazda Motor Corporation's senior managing executive officer Kiyotaka Shobuda and managing executive officer Takeshi Mukai bow in apology at a news conference in Tokyo, Japan August 9, 2018. REUTERS/Kim Kyung-Hoon

Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co improperly tested vehicles for fuel economy and emissions, the Japanese government said on Thursday, revealing fresh cases of compliance failures by manufacturers.

Business News9 days ago

Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co have submitted reports to Japan's transport ministry that they conducted improper fuel economy and emissions tests on their vehicles, the ministry said on Thursday.

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