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Autos Automobiles and Components

  • BERLIN, June 23- German carmaker Volkswagen has agreed to buy back diesel cars equipped with illicit emissions control software after deciding not to appeal a German court ruling backing plaintiffs' calls for compensation. Consumer agencies across Europe have been pushing for compensation for Volkswagen drivers who bought diesel cars on the strength of...

  • KUALA LUMPUR, Malaysia— The Chinese owner of Sweden's Volvo Cars will inject $40 million into Malaysia's Proton as part of its purchase of a key stake in the automaker, an executive of the Malaysian company said Friday. Geely will bring its Boyue SUV platform, estimated to cost 290 million ringgit to Malaysia as part of its acquisition, DRB-HICOM group managing...

  • BEIJING/ DETROIT, June 22- Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government. Tesla has said it wants to build electric cars in China to avoid a 25- percent tariff on imported vehicles. The company did not...

  • KUALA LUMPUR, Malaysia— The Chinese owner of Sweden's Volvo Cars says it has signed the final contract to buy a stake in Malaysian automaker Proton, gaining a platform to expand in Southeast Asia. Geely Holding Group's announcement Friday gave no financial details. Proton Holdings Bhd. was founded in 1983 by the Malaysian government to create a domestic auto...

  • DETROIT— Tesla is talking to the city of Shanghai about opening a factory there to serve the Chinese market. Tesla's revenue from China tripled to more than $1 billion last year, or 15 percent of total revenue. Tesla Inc. currently has one vehicle assembly plant in California, but CEO Elon Musk said earlier this month that plant is "bursting at the seams."

  • June 22- Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government. Tesla has said it wants to build electric cars in China to avoid a 25- percent tariff on imported vehicles. The company did not provide a timeline for...

  • June 22- Tesla Inc is exploring the possibility of establishing a Chinese manufacturing plant with the Shanghai municipal government, the U.S. electric carmaker said on Thursday in a statement. Tesla has said it wants to build electric cars in China to avoid a 25- percent tariff on imported vehicles. Tesla said it expects to "more clearly define" its China...

  • June 22- Tesla Inc is exploring the possibility of establishing a Chinese manufacturing plant with the Shanghai municipal government, the U.S. electric carmaker said on Thursday in a statement.

  • TOKYO, June 22- The Nissan Motor Co Ltd and Renault SA alliance plan to launch driverless ride-hailing and ride-sharing services in coming years, as the automakers look beyond making and selling cars to survive an industry being quickly transformed by new services. Automakers are leveraging expertise in automated driving functions for mass-market cars to...

  • June 22- U.S. electric-car maker Tesla Inc has reached a preliminary agreement with Shanghai to explore production in the Chinese city, Bloomberg reported on Thursday, citing people familiar with the matter. Tesla's revenue from China more than tripled to over $1 billion last year, according to its annual report. Tesla's shares were slightly higher at $378.50...

  • TOKYO, June 22- Nissan Motor Co Ltd on Thursday said it plans to launch driverless ride-hailing and ride-sharing services in coming years, as the automaker looks beyond making and selling cars to survive an industry being quickly transformed by new services. Automakers are leveraging expertise in automated driving functions for mass-market cars to develop...

  • June 21- Kia Motors topped an initial quality study of new vehicles sold in the United States based on owner responses for the second consecutive year, business consultancy J.D. Power said on Wednesday. Fiat Chrysler Automobiles NV's Ram and U.S. automaker Ford Motor Co's namesake brand shared the fourth position. J.D. Power received more than 80,000 responses...

  • President Donald Trump- when GM canceled the third shift at its Lordstown small-car factory here. Layoffs at Lordstown and other auto plants point to a broader challenge for the economy in Midwestern manufacturing states and for the Trump administration. "This is about economics, not what Trump says," said Robert Morales, president of United Auto Workers union...

  • *Buyout funds, India's Bajaj Auto also seen preparing bids. LONDON, June 21- U.S. motorcycle maker Harley-Davidson is lining up a takeover bid for Italian rival Ducati, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to 1.5 billion euros, sources told Reuters. Based in the northern Italian city of Bologna,...

  • LONDON, June 21- U.S. motorcycle maker Harley-Davidson is lining up a takeover bid for Italian rival Ducati, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to 1.5 billion euros, sources told Reuters. Based in the northern Italian city of Bologna, Ducati is on the wish list of private equity funds KKR, Bain...

  • FOREST CITY, Iowa _ Winnebago Industries Inc. on Wednesday reported fiscal third-quarter earnings of $19.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share. Four analysts surveyed by Zacks expected $442.6 million.

  • STOCKHOLM, June 21- Geely-owned automaker Volvo Cars will make its Polestar Performance business a standalone brand within the group, focusing on electric cars, the company said on Wednesday. Polestar, bought by Volvo in 2015, will produce own-brand vehicles while continuing to deliver high-performance upgrades to the Volvo range. Major markets are likely...

  • June 20- Tesla Inc said the head of its autopilot software, Chris Lattner, left the company in less than six months since joining the electric carmaker. Tesla said it hired Andrej Karpathy as director of artificial intelligence and Tesla Vision team, the spokeswoman said. Karpathy, who most recently worked as a research scientist at OpenAI, will directly report to...

  • OIZUMI, Japan, June 21- Japan's nearly 200,000- strong Brazilian immigrant community live in pockets scattered across the middle of the country, clustered around auto parts factories or warehouses where they have jobs. Japan saw a big influx of Brazilian immigrants after it revised immigration laws in 1990 to encourage second- and third-generation...

  • DETROIT/ WASHINGTON, June 20- Ford Motor Co said on Tuesday it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable U.S.- China trade relations despite recent tensions. The move suggests China could play a much larger role in future vehicle production for North America,...