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Autos Automobiles and Components

  • LONDON, Feb 22- French carmaker Peugeot, which is exploring the takeover of General Motors' European operations, recognises the contribution its two British Vauxhall plants make to the car brand, British business minister Greg Clark said on Wednesday. "There was a recognition, which I emphasised, of the contribution to the performance of Vauxhall, of the two...

  • LONDON, Feb 22- French carmaker Peugeot, which is exploring the takeover of General Motors' European operations, recognizes the contribution its two British Vauxhall plants make to the car brand, British business minister Greg Clark said on Wednesday. "There was a recognition, which I emphasized, of the contribution to the performance of Vauxhall, of the two...

  • DRESDEN, Germany, Feb 22- Volkswagen wants to build more electric cars in eastern Germany and backs a Tesla-style expansion of charging stations in the city of Dresden, evidence of efforts to reshape its business after a diesel emissions scandal. VW, which has regained the status of the world's largest carmaker, is pursuing a multi-billion-euro investment in...

  • BAODING, China— Wei Jianjun is the chief matchmaker in China's love affair with the SUV. A decade ago, the chairman of Great Wall Motors Ltd. saw opportunity as the bulky vehicles began shedding their image in China as a farm tool. By 2013, with demand surging, Great Wall had become China's most profitable automaker and Wei was a billionaire.

  • The EPA had until April 2018 to decide whether the 2025 standards were feasible but in November moved up its decision to Jan. 13, just before Obama left office. Separately, the Association of Global Automakers, a trade group representing Honda Motor Co, Nissan Motor Co Ltd, Hyundai Motor Co and others, said late Tuesday it had formally petitioned the EPA to withdraw...

  • SAN DIEGO, Feb 21- A U.S. biofuels lobbying group on Tuesday said it is seeking to work with longtime rival the oil industry to fight the threat to both from subsidies for electric vehicles. The two industries have been at loggerheads for years as they seek sway with Washington over how much biofuel should be included in gasoline and diesel. The two groups are more...

  • WASHINGTON, Feb 21- A trade association representing General Motors Co, Toyota Motor Corp, Volkswagen AG and nine other automakers on Tuesday asked new Environmental Protection Agency chief Scott Pruitt to withdraw an Obama administration decision to lock in vehicle emission rules through 2025.. The EPA had until April 2018 to decide whether the 2025...

  • SAN FRANCISCO, Feb 21- Short sellers have been at the losing end of a tug-of-war with Tesla Inc investors in 2017, with some surrendering in recent weeks following nearly $2 billion in losses as shares of the electric car maker approach record highs. In 2017, traders have suffered paper losses of $1.95 billion betting against Tesla by shorting its shares,...

  • *Plant will be Daimler's first car production in Russia. MOSCOW/ FRANKFURT, Feb 21- German automaker Daimler will open a plant near Moscow to make Mercedes-Benz cars, it announced on Tuesday, the first new investment by a major Western automaker since sanctions were imposed on Russia three years ago. Russia is of strategic importance for Mercedes-Benz and an...

  • MOSCOW/ FRANKFURT, Feb 21- German automaker Daimler will open a plant near Moscow to manufacture Mercedes-Benz cars, it announced on Tuesday, the first new investment by a major Western automaker since sanctions were imposed on Russia three years ago. Russia's Trade and Industry Ministry said in a statement that the plant will produce more than 20,000...

  • BERLIN— Authorities in southwest Germany are banning older diesel cars from driving in the city of Stuttgart starting next year. The measure was passed Tuesday by Baden-Wuerttemberg's state government, a coalition of the environmentalist Green Party and Chancellor Angela Merkel's Christian Democratic Union. Stuttgart is home to German automakers...

  • "Political uncertainty could cause a significant rift in light vehicle sales both in the U.S. and Europe, as both regions are undergoing fluctuations in policy, leadership and other dynamics," said Henner Lehne, senior director, global vehicle group for IHS Markit. The business consultancy said new vehicle sales in China will rise 1.9 percent to 28.5 million; fall...

  • ROANOKE, Va. _ Advance Auto Parts Inc. on Tuesday reported fourth-quarter profit of $62.4 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share. Advance Auto Parts shares have dropped 4.5 percent since the beginning of the year.

  • PARIS, Feb 21- PSA Group will honour existing agreements and job guarantees in place at all Opel sites if its proposed acquisition of General Motors' European division goes through, the French carmaker said on Tuesday after talks with German unions. PSA boss Carlos Tavares met Opel's German unions and gave a "commitment to respect the existing agreements in all...

  • PARIS, Feb 21- PSA Group will honor existing agreements and job guarantees in place at all Opel sites if its proposed acquisition of General Motors' European division goes through, the French carmaker said on Tuesday after talks with German unions. PSA boss Carlos Tavares met Opel's German unions and gave a "commitment to respect the existing agreements in all...

  • FRANKFURT, Feb 21- PSA Group said it would adhere to labor agreements at General Motors' Opel and expressed its willingness to cooperate with labor chiefs to safeguard jobs, PSA and workers' representatives at Opel said in a joint statement on Tuesday. GM and PSA said last week they were in talks over a potential deal for the French carmaker to buy GM's European arm...

  • FRANKFURT, Feb 21- PSA Group said it would adhere to labour agreements at General Motors' Opel and expressed its willingness to cooperate with labour chiefs to safeguard jobs, PSA and workers' representatives at Opel said in a joint statement on Tuesday. GM and PSA said last week they were in talks over a potential deal for the French carmaker to buy GM's European...

  • LONDON, Feb 20- German carmaker Volkswagen has fixed 470,000 cars out of 1.2 million affected by the diesel emissions scandal in Britain, the firm's UK managing director told lawmakers on Monday. Paul Willis faced difficult questions from lawmakers, some of whom are angry that the firm has not been fined in Britain and that motorists have not received...

  • *Germany says no guarantees on Opel jobs, but encouraged. *PSA Group in talks to buy GM's Opel/ Vauxhall brands. BERLIN/ LONDON, Feb 20- Initial talks between the German government and carmakers PSA and General Motors have led to some encouraging signs that jobs at Opel factories will be preserved, though no guarantees have been made yet, a top official said on Monday.

  • *Germany says no guarantees on Opel jobs, but encouraged. *PSA Group in talks to buy GM's Opel/ Vauxhall brands. BERLIN/ LONDON, Feb 20- Initial talks between the German government and carmakers PSA and General Motors have led to some encouraging signs that jobs at Opel factories will be preserved, though no guarantees have been made yet, a top official said on Monday.