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Reuters - 8小时前

Stellantis' Italian output to drop below 500,000 units this year, union warns

UPDATE 2-Stellantis' Italian output to drop below 500,000 units this year, union warns Adds Stellantis comment in paragraphs 5&6 MILAN, Oct 2 (Reuters) - Automaker Stellantis' STLAM.MI output in Italy is set to drop below 500,000 vehicles this year from 751,000 in 2023, the FIM-CISL union said on Wednesday, citing persistently soft market demand, especially for electric vehicles.
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Reuters - 9小时前

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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Reuters - 9小时前

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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Reuters - 10小时前

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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Reuters - 16小时前

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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Reuters - 1天前

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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Reuters - 1天前

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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Reuters - 1天前

US issues $2 billion electric vehicle tax rebates since Jan 1, Treasury says

UPDATE 1-US issues $2 billion electric vehicle tax rebates since Jan 1, Treasury says New throughout, adds details, background and comments from Treasury Secretary Janet Yellen By David Shepardson WASHINGTON, Oct 1 (Reuters) - The U.S. government has issued $2 billion in advance point-of-sale consumer electric vehicle (EV) tax credit payments since Jan.
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Reuters - 1天前

US issues $2 billion in EV tax rebates since Jan 1, Treasury says

US issues $2 billion in EV tax rebates since Jan 1, Treasury says WASHINGTON, Oct 1 (Reuters) - The U.S. government has issued $2 billion in advance point-of-sale consumer electric vehicle (EV) tax credit payments since Jan. 1 covering more than 300,000 vehicles, the Treasury said on Tuesday. Since new rules took effect allowing for consumers to take advantage of EV tax credit worth up to $7,500 at the point of sale, more than 250,000 tax credits have been issued for new EVs and around 50,000 fo
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Reuters - 1天前

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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Reuters - 1天前

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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Reuters - 1天前

Auto File-Whither Tavares’ American Dream? 

Auto File-Whither Tavares’ American Dream?  Oct 1 - By Nick Carey , European Autos Correspondent Greetings from London! What a difference a week has made in the auto industry. We knew traditional automakers were having a tough time of it. But a flurry of fresh profit warnings from some major players show just how much they are squeezed between falling demand in China, falling sales at home, and heavy investments in electric vehicles.
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Reuters - 1天前

Volkswagen's Audi says no suitable buyer so far for Brussels plant

Volkswagen's Audi says no suitable buyer so far for Brussels plant BERLIN, Oct 1 (Reuters) - Volkswagen's VOWG_p.DE luxury division Audi has so far not found a potential suitor for its plant in Brussels that was put under review in July, saying none of the 26 potential buyers it held talks with was prepared to take on the roughly 3,000 staff. "Unfortunately, there is currently no concept that will secure jobs at the site in the long term," Gerd Walker, Audi's board member in charge of production
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Reuters - 1天前

Dieselgate trial of former VW chief suspended due to ailing health

UPDATE 1-Dieselgate trial of former VW chief suspended due to ailing health Adds lawyer's comment By Christina Amann BERLIN, Germany, Oct 1 (Reuters) - The criminal trial of former Volkswagen Chief Executive Martin Winterkorn over the so-called dieselgate scandal has been suspended due to his poor health, a court in Braunschweig said on Tuesday. All hearings have been cancelled because Winterkorn, who was toppled from the helm of the company in 2015 after it emerged that millions of Volkswagen c
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Reuters - 1天前

Dieselgate trial of former VW chief suspended due to ailing health

Dieselgate trial of former VW chief suspended due to ailing health By Christina Amann BERLIN, Germany, Oct 1 (Reuters) - The criminal trial of former Volkswagen Chief Executive Martin Winterkorn over the so-called dieselgate scandal has been suspended due to his poor health, a court in Braunschweig said on Tuesday. All hearings have been cancelled because Winterkorn, who was toppled from the helm of the company in 2015 after it emerged that millions of Volkswagen cars had been manipulated to pas
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Reuters - 1天前

Volkswagen's truck unit Traton plans to increase profitability by 2029

UPDATE 1-Volkswagen's truck unit Traton plans to increase profitability by 2029 adds context, CEO quote in paragraphs 2-4 MUNICH, Oct 1 (Reuters) - Volkswagen's truck unit Traton 8TRA.DE set out five-year targets during its Capital Markets Day on Tuesday, as it expects to benefit from the shift towards electrification and plans to raise the share of battery electric vehicles in its sales.
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Reuters - 2天前

Volkswagen's truck unit Traton plans to increase profitability by 2029

Volkswagen's truck unit Traton plans to increase profitability by 2029 MUNICH, Oct 1 (Reuters) - Volkswagen's truck unit Traton 8TRA.DE set out five-year targets during its Capital Markets Day on Tuesday, as it expects to benefit from the shift towards electrification and plans to raise the share of battery electric vehicles in its sales. The group sees its return on sales rising to 9-11% by 2029 from the current 8-9% and anticipates revenue to grow by 20-40% over the next five years.
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Reuters - 2天前

ASM International, Burberry, LVMH

EUROPE RESEARCH ROUNDUP-ASM International, Burberry, LVMH Oct 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASM International, Burberry and LVMH on Tuesday. HIGHLIGHTS * ASM International ASMI.AS : Stifel cuts target price to EUR 740 from EUR 800 * Burberry Group BRBY.L : HSBC raises target price to 770p from 690p * Carlsberg CARLb.CO : Jefferies cuts target price to DKK 1,000 from DKK 1,100 * LVMH LVMH.PA : HSBC raises target p
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Reuters - 2天前

Europe before the bell: futures steady, M&A on the radar

LIVE MARKETS-Europe before the bell: futures steady, M&A on the radar 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 EUROPE BEFORE THE BELL: FUTURES STEADY, M&A ON THE RADAR European shares look set to steady on Tuesday following a negative finish to the third quarter on Monday, when warnings from Stellantis STLAM.MI , VW VOWG_p.DE and Aston Martin AML.L raised fresh concern ove
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Reuters - 2天前

Italy - Factors to watch on October 1

Italy - Factors to watch on October 1 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italian Prime Minister Giorgia Meloni met the head of the U.S.
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