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BMW Rules Out Investing In New Northvolt Funding Round - Bloomberg News

BRIEF-BMW Rules Out Investing In New Northvolt Funding Round - Bloomberg News Oct 2 (Reuters) - BMW RULES OUT INVESTING IN NEW NORTHVOLT FUNDING ROUND - BLOOMBERG NEWS Source text : https://tinyurl.com/23txjule
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EU plans to hit China-based EV makers with additional tariffs

FACTBOX-EU plans to hit China-based EV makers with additional tariffs Updates tariffs LONDON, Oct 2 (Reuters) - The European Commission plans to apply additional duties on imported electric vehicles made in China. In September it cut the proposed final tariffs on Tesla TSLA.O and slightly trimmed rates for others after taking into account submissions by the companies in its anti-subsidy investigation.
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German finance minister wants government to oppose EU tariffs on China EV cars

German finance minister wants government to oppose EU tariffs on China EV cars BERLIN, Oct 2 (Reuters) - Germany must oppose an EU proposal to impose tariffs on China-made electric cars and avoid a trade war with Beijing, Finance Minister Christian Lindner said on Wednesday, ahead of an EU vote on the issue on Friday. "A trade war with China would do us more harm than good for a key European industry and a crucial sector in Germany," Lindner said at a conference hosted by the BGA trade associati
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Volkswagen calls on Germany to vote against EU tariffs on Chinese cars

Volkswagen calls on Germany to vote against EU tariffs on Chinese cars BERLIN, Oct 2 (Reuters) - Volkswagen VOWG_p.DE on Wednesday urged Germany to vote against the introduction of European Union tariffs on Chinese electric vehicles, arguing that the tariffs do not improve the competitiveness of the auto industry. "The proposed tariffs are the wrong approach," a spokesperson said in a statement.
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Surprise, surprise: U.S. exceptionalism might be back

LIVE MARKETS-Surprise, surprise: U.S. exceptionalism might be back STOXX 600 little changed oil stocks rally, Brent up $2 Airlines fall, defence up Wall St futures down Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com SURPRISE, SURPRISE: U.S.
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US election: implications for Europe

LIVE MARKETS-US election: implications for Europe STOXX 600 down 0.2% oil stocks rally, Brent up $2 Airlines fall, defence up Wall St futures down Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com US ELECTION: IMPLICATIONS FOR EUROPE The U.S.
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German auto sector recovers slightly in Sept but too soon for all-clear, survey says

German auto sector recovers slightly in Sept but too soon for all-clear, survey says BERLIN, Oct 2 (Reuters) - The German automotive sector was able to recover somewhat in September from a dramatic tumble in sentiment the previous month but it remains deep in negative territory, according to an industry survey published on Wednesday. The Ifo Institute's business climate index for the sector improved by 1.3 points in September to minus 23.0 points.
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BMW North America Says In Q3 2024, BMW Brand Sales In U.S. Totaled 78,128 Vehicles

BRIEF-BMW North America Says In Q3 2024, BMW Brand Sales In U.S. Totaled 78,128 Vehicles Oct 1 (Reuters) - BMW NORTH AMERICA- IN Q3 OF 2024, BMW BRAND SALES IN U.S. TOTALED 78,128 VEHICLES, A 6.9% DECREASE FROM 83,949 VEHICLES SOLD IN Q3 OF 2023 Further company coverage: BMWG.DE
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European automakers most at risk from US dockworkers strike, analysts say

UPDATE 2-European automakers most at risk from US dockworkers strike, analysts say Adds Stellantis and VW comments in paragraph 12 and 17 Dockworkers' strike halts flow of half the nation's ocean shipping European automakers most affected due to reliance on East and Gulf Coast ports Detroit automakers may benefit from reduced industry inventories Group representing major automakers urges White House to broker a resolution Shortage of parts could lead some automakers to reduce vehicle production
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Auto group warns protracted port strike will be 'debilitating'

Auto group warns protracted port strike will be 'debilitating' WASHINGTON, Oct 1 (Reuters) - A group representing major automakers on Tuesday warned a prolonged strike by workers at U.S. East and Gulf Coast ports would be "debilitating" and urged the White House to broker a resolution. John Bozzella, president and CEO of the Alliance for Automotive Innovation that represents General Motors GM.N , Toyota Motor 7203.T , Volkswagen VOWG_p.DE , Hyundai 005380.KS and most other automakers, noted the
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U.S. light-vehicle sales volumes in Q3 2024

TABLE-U.S. light-vehicle sales volumes in Q3 2024 Oct 2 (Reuters) - The following are the U.S. light-vehicle sales volumes for Q3 2024: AUTOMAKER Q3 2024 Q3 2023 PCT CHNG 1 General Motors 659,601 674,336 -2.2% 2 Toyota Motor^ 542,872 590,296 -8.0% 3 Ford Motor 504,039 500,504 0.7% 4 Honda Motor Co^^ 366,214 339,143 8.0% 5 Fiat Chrysler 305,294 380,
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Europe Gasoline/Naphtha-Gasoline margins drop sharply after crude rally

Europe Gasoline/Naphtha-Gasoline margins drop sharply after crude rally LONDON, Oct 1 (Reuters) - Northwest European gasoline refining margins dropped sharply to $6.9 a barrel on Tuesday following strong gains in crude oil prices even as demand in the region picked up. A total of 12,000 metric tons of Eurobob E10 barges traded in the Argus window.
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European automakers most at risk from US dockworkers strike, analysts say

European automakers most at risk from US dockworkers strike, analysts say DETROIT, Oct 1 (Reuters) - European automakers are most likely affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could hit the industry more broadly if suppliers suffer, analysts said.
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Foxconn says execs from Nvidia, Google, BMW will speak at its annual forum

Foxconn says execs from Nvidia, Google, BMW will speak at its annual forum TAIPEI, Oct 1 (Reuters) - Foxconn, the world's largest contract electronics maker, said on Tuesday that executives from companies including Nvidia NVDA.O , Google GOOGL.O and BMW BMWG.DE will speak at its annual tech day forum next week. Foxconn 2317.TW , the top assembler of Apple's AAPL.O iPhone, hosts the tech day every October to unveil new products and partnerships.
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Nio partners with Monolith for real-time AI EV battery testing

Nio partners with Monolith for real-time AI EV battery testing By Nick Carey LONDON, Oct 1 (Reuters) - Nio 9866.HK is partnering with UK artificial intelligence software startup Monolith to test and improve electric car battery packs in real-time using the Chinese EV maker's battery swapping service in Europe, the companies said on Tuesday. Testing is due to start soon in five markets in Europe and Monolith CEO Richard Ahlfeld told Reuters the company is working through regulatory requirements t
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European carmakers warn on profits in the face of weak demand and rising costs

WRAPUP 2-European carmakers warn on profits in the face of weak demand and rising costs European carmakers struggle with weak U.S., China demand Potential tariff war adds to sector's concerns Stellantis shares drop nearly 11% Aston Martin shares plunge 20% after profit warning Updates stock action in paragraphs 4 and 5, analyst comments on Stellantis' U.S.
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European carmakers warn on profits as sector grapples with weak demand, rising costs

WRAPUP 1-European carmakers warn on profits as sector grapples with weak demand, rising costs European carmakers struggle with weak US, China demand Potential tariff war adds to sector's concerns Stellantis shars drop nearly 11% Aston Martin shares plunge 20% after profit warning Volkswagen cut 2024 profit outlook for second time in 3 months By Nick Carey LONDON, Sept 30 (Reuters) - European carmaker Stellantis STLAM.MI joined on Monday bigger rival Volkswagen VOWG_p.DE and others in warning abo
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European autos stocks wipe off $10 bln after Stellantis warning

European autos stocks wipe off $10 bln after Stellantis warning Stellantis slashes forecasts, sees cash burn Volkswagen cuts outlook again, Aston cuts forecast European auto earnings seen down 14% in 2024 Sector valuations near cheapest on record By Danilo Masoni MILAN, Sept 30 (Reuters) - European auto stocks tumbled almost 4% on Monday after a warning from Stellantis, Volkswagen and Aston rekindled concerns over the sector's earnings outlook in a year marred by slowing demand and aggressive Ch
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Volkswagen, Stellantis drop after guidance cut, drag peers

RPT-BUZZ-Volkswagen, Stellantis drop after guidance cut, drag peers Repeats for wider distribution ** Shares in Volkswagen VOWG_p.DE and Stellantis STLAM.MI drop sharply after the carmakers cut their annual forecasts, dragging European peers ** Stellantis falls 10% to October 2022 lows; if losses hold, it will see its worst day since March 2020; Vo
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Volkswagen, Stellantis drop after guidance cut, drag peers

BUZZ-Volkswagen, Stellantis drop after guidance cut, drag peers Updates shares, adds sector move ** Shares in Volkswagen VOWG_p.DE and Stellantis STLAM.MI drop sharply after the carmakers cut their annual forecasts, dragging European peers ** Stellantis falls 10% to October 2022 lows; if losses hold, it will see its worst day since March 2020; Volk
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