Autos

Autos coverage from Reuters.

Business Newsan hour ago

Canada's Minister of Foreign Affairs Chrystia Freeland makes opening remarks at foreign ministers meetings from G7 countries in Toronto, Ontario, Canada April 22, 2018.  REUTERS/Fred Thornhill

Canadian Foreign Minister Chrystia Freeland on Wednesday reiterated Canada's opposition to proposed U.S. steel and aluminum tariffs due to come into force next week, as pressure mounted to seal a quick deal on updating NAFTA.

Business News12 hours ago

An employee works at an assembly line of GM Korea's Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji

General Motors Co <GM.N> and the South Korean government are considering raising the size of their investment in the U.S. automaker's South Korean subsidiary from a previously proposed $2.8 billion, a senior government official with direct knowledge of the matter said on Wednesday.

Business News14 hours ago

A BMW iX3 electric concept car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee

German luxury carmaker BMW <BMWG.DE> expects the pace of growth of its China sales to almost halve this year, the firm's chief executive said on Wednesday, amid a broader slowdown in the world's largest auto market.

Business News17 hours ago

The logo of German car manufacturer Audi is seen on a tyre rim a Audi Q5 2.0 during a media tour in San Jose Chilapa, Mexico April 19, 2018. REUTERS/Henry Romero

German luxury carmaker Audi AG <NSUG.DE> aims to double China production with local partner China FAW Group Corp Ltd [SASACJ.UL] within five years, its chief executive said on Wednesday, as global automakers look to localize in the world's largest vehicle market.

Business News18 hours ago

A logo is seen on the wheel of a GAC Enverge electric concept car during a media preview of the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee

Guangzhou Automobile Group Co Ltd (GAC) <601238.SS> on Wednesday said a brewing trade war between China and the United States could hurt the Chinese automaker's plans to break into the U.S. market if tariff barriers were raised.

Business Newsa day ago

U.S. President Donald Trump speaks during a tree planting ceremony with French President Emmanuel Macron on the South Lawn of the White House in Washington, U.S., April 23, 2018.

U.S. President Donald Trump said on Tuesday a new North American Free Trade Agreement could be agreed on quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord.

U.S. Legal Newsa day ago

FILE PHOTO: The logo of Arab Bank is seen during the opening of the Annual Arab Banking Conference in Beirut, Lebanon November 24, 2016. REUTERS/Aziz Taher/File Photo

Foreign corporations cannot be sued in American courts for human rights abuses committed overseas, the U.S. Supreme Court ruled on Tuesday, refusing to revive a lawsuit claiming Jordan-based Arab Bank Plc helped finance militant attacks in Israel and the Palestinian territories.

FILE PHOTO: A detail of the Harley-Davidson brand name is photographed on the motorcycle of Guo Qingshan in his village outside Beijing, China, April 7, 2018.   REUTERS/Thomas Peter/File Photo                         GLOBAL BUSINESS WEEK AHEAD

Harley-Davidson Inc <HOG.N> stood by its full-year shipments forecast and said it expects dealers to sell more motorcycles in overseas markets, offering a glimmer of hope to a business struggling with an aging customer base in the United States.

Technology Newsa day ago

(L to R) President of Didi Chuxing Jean Liu, Chairman of China FAW Group Xu Liuping, Chairman of Beijing Automotive Group Xu Heyi, Chairman and President of BYD Company Limited Wang Chuanfu, Pesident of Guangzhou Automotive Group Feng Xingya, founder and Chief Executive Officer of CHJ Automotive Li Xiang, attend a news conference ahead of the Beijing auto show in Beijing, China April 24, 2018. REUTERS/Norihiko Shirouzu

China's Didi Chuxing, already disrupting the global ride-hailing market and taking on U.S. rival Uber, has its sights set on an even bigger potential prize: designing and getting built its own dedicated fleet of Didi cars.

Business Newsa day ago

FILE PHOTO: The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji/File Photo

General Motors' South Korean unit has averted a bankruptcy filing, but analysts and customers, as well as the South Korean government, are debating how long the loss-making company will remain in business.

Business News2 days ago

A man uses phone under a Volkswagen logo at the Shanghai Auto Show, in Shanghai, China April 20, 2017. REUTERS/Aly Song

Volkswagen AG's <VOWG_p.DE> chief executive Herbert Diess said on Tuesday that a Chinese tariff hike on U.S vehicle imports would be tough for the firm, amid a brewing trade war and threats of punitive tariffs exchanged between Washington and Beijing.

Business News2 days ago

Infiniti, Nissan Motor's premium brand, Executive Design Director Karim Habib poses for a photo in front of the Infiniti logo at its Global Design Center in Atsugi, Japan, April 18, 2018. Picture taken April 18, 2018.  REUTERS/Toru Hanai

An autonomous driving electric vehicle may not take to the sky any time soon but could one day start to look a bit like The Jetsons’ flying car - a glass bubble without the long hood that is a signature feature of today's gasoline-fueled cars.

Business News2 days ago

FILE PHOTO: A Hyundai logo is seen at Hyundai of Serramonte in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam/File Photo

U.S. activist hedge fund Elliott Management dismissed Hyundai Motor Group's restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent board members.

Business News2 days ago

The logo of Hyundai Motor is seen during the 2017 Seoul Motor Show in Goyang, South Korea, March 31, 2017.  REUTERS/Kim Hong-Ji

Hyundai Motor Group <005380.KS> said it would continue to communicate with shareholders and investors, including Elliott Management, over its proposed restructuring plan.

Business News2 days ago

FILE PHOTO: The visitors welcome area at the new production line of the e-Golf electric car is pictured at the Transparent Factory of German carmaker Volkswagen in Dresden, Germany March 30, 2017. REUTERS/Fabrizio Bensch/File Photo

Chinese battery maker Tianjin Lishen plans to open a sales office in Germany, its first in Europe, and is in talks to supply local auto makers with batteries used to power electric vehicles, a source at the company told Reuters.

Business News2 days ago

Kaher Kazem (L), chief executive of GM Korea, and Barry Engle (2nd L), head of GM's international operations, attend a news conference in Incheon, South Korea, April 23, 2018.  Yonhap via REUTERS

General Motors Co's (GM) South Korean unit dropped a plan to consider filing for bankruptcy after winning concessions on pay, bonuses and benefits from its labor union in a tentative deal reached on Monday.

Business News3 days ago

The South Korean government said on Monday it would join forces to help normalize General Motors Co's South Korean unit.

Environment4 days ago

FILE PHOTO: German Environment Minister Svenja Schulze is sworn-in by Parliament President Wolfgang Schaeuble in Germany's lower house of parliament Bundestag in Berlin, Germany, March 14, 2018. REUTERS/Kai Pfaffenbach

German Environment Minister Svenja Schulze has told a newspaper she does not think software updates for diesel vehicles in Germany will be enough to solve air quality problems and that hardware retrofits are the only way to avoid driving bans.

Business News5 days ago

FILE PHOTO: Mexican Economy Minister Ildefonso Guajardo, Canadian Foreign Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer smile during a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico March 5, 2018. REUTERS/Edgard Garrido

Canada and Mexico on Friday said good progress had been made in talks with the United States to modernize the North American Free Trade Agreement (NAFTA) and that ministers would meet again on Tuesday as they push to wrap up a deal.

Business News5 days ago

FILE PHOTO: Flags with the Opel logo are seen at the Opel headquarters in Ruesselsheim, Germany November 9, 2017. REUTERS/Ralph Orlowski/File Photo

Planned job cuts at carmaker Opel will save enough cash to meet owner PSA Group's turnaround targets, the works council chief said on Friday, as Opel workers' rejection of further concessions began to draw criticism from other PSA unions.

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