*Shares fall most since Google's September Renault contract win. AMSTERDAM, Oct 16- Shares in navigation firm TomTom slid 13 percent on Tuesday on news it had lost a contract with carmaker Volvo, renewing worries that Google's entry into in-dashboard software may hurt the Dutch firm. TomTom shares were down 13.2 percent at 6.22 euros at 1435 GMT, while...
TORONTO, Oct 16- Canada has excluded a long list of steel and some aluminum products from its 25 percent tariff on U.S. metal, offering short-term relief to the country's auto sector, which relies heavily on U.S.-made steel. "While this limited relief is good, it's no good if the tariffs go beyond Dec. 31st," said Flavio Volpe, president of the Automotive Parts...
*Deiss says fate of Detroit car industry a salutary warning. FRANKFURT, Oct 16- German carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform their businesses to meet new regulations and adapt supply chains, Volkswagen's chief executive said on Tuesday. "If you look at the former bastions of the auto...
*Deiss says fate of Detroit car industry a salutory warning. "If you look at the former bastions of the auto industry like Detroit, Oxford- Cowley or Turin, you understand what happens to cities when once powerful corporations and leading industries falter," CEO Herbert Diess told an auto suppliers conference in Wolfsburg, VW's manufacturing base.
FRANKFURT, Oct 16- Germany's carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen Chief Executive Herbert Diess said on Tuesday. "From today's point of view the chances are perhaps 50-50 that the German auto industry will still belong...
FRANKFURT, Oct 16- Germany's carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen Chief Executive Herbert Diess said on Tuesday. The need to produce batteries and electric cars, rather than combustion engines, and the emergence of new...
BEIJING, Oct 16- U.S. carmaker Ford Motor Co unveiled a new China sport utility vehicle on Tuesday, and said its plan to release a spate of new models will help turn around tumbling sales in the world's top auto market from the start of next year. Ford, fighting to recover from a severe sales slump in China, will start selling the entry-level SUV, called the "Territory",...
*Opel says prosecutors search two German sites. FRANKFURT, Oct 15- German prosecutors searched German sites of carmaker Opel, a division of PSA Group, in Ruesselsheim and Kaiserslautern on Monday as part of a probe into diesel exhaust emissions. "Opel confirms that the public prosecutor's office of Frankfurt is conducting investigations in the course of...
*Yamaha, Royal Enfield most affected by strikes near Chennai. CHENNAI/ NEW DELHI, Oct 15- Labour unrest is on the rise at two centres in India where motorcycles and components are manufactured, underlining the problems Prime Minister Narendra Modi's government faces in creating new manufacturing jobs that are sustainable and pay attractive wages.
LONDON, Oct 15- Japanese carmaker Nissan, which operates Britain's biggest car factory, has delayed the start of pay talks with its staff in the country until the terms of Brexit become clearer. London and Brussels hope to reach a deal by next month but automakers have triggered contingency plans for any lack of agreement including changing their shutdown...
TOKYO, Oct 15- Japan's Nikkei ended at an eight-week low on Monday as automakers and other manufacturers were hit by news that Washington would seek a provision about currency manipulation in future trade deals, including with Japan. The Nikkei share average ended 1.8 percent lower at 22,271.30, the weakest closing point since Aug. 21. "The U.S. comment has made the...
Spreadbetters expected European stocks to open mixed, with Britain's FTSE edging up 0.15 percent, Germany's DAX dipping 0.1 percent and France's CAC losing 0.3 percent. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 percent while Shanghai shares were down 0.75 percent. Japan's Nikkei slumped 1.8 percent, with carmaker shares hitting 13-...
As more self-driving vehicles hit the road, one of the industry's challenges is finding people willing to go along for the ride. The task may be move more difficult than the industry might hope.
Oct 12- Tesla Inc has produced more than 11,500 cars, including about 7,400 Model 3 s, so far this month, automotive news website Electrek reported https://electrek.co/2018/10/12/tesla-model-3-production-strong-quarter on Friday, citing a source familiar with the matter. Tesla managed to maintain a Model 3 production approaching 5,000 units per week,...
BEIJING, Oct 12- China's car sales fell the most in nearly seven years in September, stoking concerns the world's biggest auto market could contract for the first time in decades this year amid cooling economic growth and a biting trade war. Vehicle sales slumped by 11.6 percent to 2.39 million units last month, the third straight decline, the China Association of...
*China Sept auto sales -11.6 pct, third straight monthly decline. BEIJING, Oct 12- China's vehicle sales slid 11.6 percent in September in their worst monthly drop in nearly seven years, as slowing economic growth and a deepening Sino-U.S. trade war took their toll on the world's largest auto market. Vehicle sales fell for the third straight month in September to...
BEIJING, Oct 12- China's automobile sales fell 11.6 percent in September from a year earlier, the country's top auto industry association said on Friday, marking the third straight month of declining sales in the world's largest auto market. The sales drop to 2.39 million vehicles, which comes amid slowing economic growth and a biting trade war between China and...
Toyota Motor and SoftBank are teaming up to develop self-driving car services.
*China is set to relax foreign auto ownership rules. SHENYANG, China, Oct 11- Germany's BMW said it will take control of its main China joint venture for 3.6 billion euros, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world's biggest auto market. The move will likely spur BMW to shift more production to China, helping boost...
BEIJING/ SHANGHAI, Oct 11- China's top auto dealers' association has asked the government to halve taxes on car purchases to revive faltering sales, sources said, as worries grow the country's auto market could shrink this year for the first time in decades. The China Automobile Dealers Association submitted documents last month to the country's finance and...
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