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Outgoing Daimler Truck CEO sees no recovery in China and Germany

UPDATE 1-Outgoing Daimler Truck CEO sees no recovery in China and Germany Recasts headline and paragraph 1, adds context in 2-7 MUNICH, Oct 2 (Reuters) - A recovery in Chinese and German truck markets will not come quickly, Martin Daum, the outgoing CEO of the world's biggest truck maker Daimler Truck DTGGe.DE , told a press event late on Tuesday.
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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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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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US dockworkers strike, halting half the nation's ocean shipping

UPDATE 12-US dockworkers strike, halting half the nation's ocean shipping ILA strike is first such action by the union since 1977 Strike could cost the economy an estimated $5 billion a day Strike disputes include pay, terminal automation project issues White House officials hope for short strike, sources say Adds no active bargaining late on Tuesday in paragraph 4, Trump comment in paragraphs 17-18, Transportation Secretary Buttigieg comment paragraph 20, Republican governor comment in paragrap
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AstraZeneca in AI collaboration with Immunai to inform cancer drug trials

AstraZeneca in AI collaboration with Immunai to inform cancer drug trials Sept 26 (Reuters) - AstraZeneca will pay $18 million to biotechnology firm Immunai Inc to use the New York-based firm's AI model of the immune system to make certain cancer drug trials more efficient, the latter said on Thursday. This is the latest in a string of tie-ups by Anglo-Swedish drugmaker AstraZeneca to use artificial intelligence for drug discovery and development, including a $247 million deal with U.S.-based Ab
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US business equipment borrowings fall 10% Y/Y in August, ELFA says

US business equipment borrowings fall 10% Y/Y in August, ELFA says Sept 24 (Reuters) - U.S. companies borrowed 10% less to finance equipment investments in August compared with the year-ago period, the Equipment Leasing and Finance Association (ELFA) said on Tuesday . New loans, leases and lines of credit signed up by companies in August were also down 17% from $11.1 billion a month earlier.
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New US rule would require GM, Ford to halt imports of cars they build in China, official says

UPDATE 2-New US rule would require GM, Ford to halt imports of cars they build in China, official says Adds file photo available, no other changes By David Shepardson WASHINGTON, Sept 23 (Reuters) - General Motors GM.N and Ford Motor F.N would need to stop importing vehicles to the U.S. from China under a proposed rule cracking down on Chinese software and hardware , a U.S.
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Some 40% of regions, cities and companies lack emissions-cut targets, survey says

Some 40% of regions, cities and companies lack emissions-cut targets, survey says By David Stanway SINGAPORE, Sept 23 (Reuters) - More than 40% of major companies, cities and regions have still not set any targets to cut greenhouse gas emissions, according to an annual "stocktake" released on Monday to gauge global progress in the fight against catastrophic climate change.
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Drivers more likely to be distracted while using partial automation tech, study shows

UPDATE 1-Drivers more likely to be distracted while using partial automation tech, study shows Adds response section with statement from Volvo in paragraph 17; adds location in paragraph 2 By Abhirup Roy Sept 17 (Reuters) - Drivers are more likely to engage in non-driving activities such as checking their phones when using partial automation systems, new research showed on Tuesday.
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Daimler Truck to start series production of fully-electric heavy truck

Daimler Truck to start series production of fully-electric heavy truck HANNOVER, Sept 15 (Reuters) - Daimler Truck DTGGe.DE will start producing its first fully-electric heavy truck Mercedes-Benz eActros 600 in November this year, the bus and truckmaker said on Sunday. Daimler Truck received 2,000 orders for the eActros600 after sales began at the end of last year.
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Volvo Trucks delays start of construction for battery plant in Sweden

CORRECTED-Volvo Trucks delays start of construction for battery plant in Sweden Corrects in headline and paragraph 1 to make clear the planned factory is in Sweden, not Mexico, removes references to Volvo's Mexico and North America plans in final paragraphs COPENHAGEN, Sept 13 (Reuters) - Sweden's Volvo VOLVb.ST , a global leader in electric trucks, said it would delay the construction start of its planned battery plant in Mariestad in Sweden .
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Mexico's commercial vehicle sales expected to hit record in 2024

Mexico's commercial vehicle sales expected to hit record in 2024 MEXICO CITY, Sept 11 (Reuters) - Sales of commercial vehicles in Mexico could hit a record this year, the Mexican Automotive Distributors Association (AMDA) said on Wednesday. WHY IT'S IMPORTANT Mexico exported $593 billion worth of goods in 2023, with much of it transported over land using trucks or tractor-trailers.
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Auto File: EVs in reverse and reality catches up with Volvo

Auto File: EVs in reverse and reality catches up with Volvo By Nick Carey , European Autos Correspondent Greetings from London! Volkswagen’s shock announcement last week that it was considering shutting some plants in Germany and thus engaging in a battle with its powerful unions has remained a hot topic, raising questions about the future of Germany’s economic model .
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From Boeing to FedEx, US labor unions flex muscle

FACTBOX-From Boeing to FedEx, US labor unions flex muscle Adds details throughout By Mrinalika Roy Oct 1 (Reuters) - The first large-scale strike by dockworkers on the U.S. East and Gulf coast in nearly 50 years, blocking everything from food to automobile shipments, has highlighted again the increasing mobilization by unions in the country since last year.
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Volvo Car slips as market digests Thursday's CMD

BUZZ-Volvo Car slips as market digests Thursday's CMD ** Shares in Volvo Car VOLCARb.ST dip about 5% to their lowest since end-January as market digests takeaways from the company's capital market day on Thursday ** The Swedish automaker scaled back its margin and revenue ambitions for a second time in a year, a day after it abandoned its EV-only t
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Volvo Cars scales back margin and revenue ambitions

UPDATE 4-Volvo Cars scales back margin and revenue ambitions Volvo Cars lowers operating profit margin target to 7-8% Second time automaker has changed goals in a year CEO sees EV transition taking longer than expected Adds reason for target change in paragraphs 1 and 6, CEO comment in paragraph 7, EV association comment paragraphs 11-13 By Marie Mannes and Nick Carey Sept 5 (Reuters) - Swedish automaker Volvo Cars VOLCARb.ST slashed its margin and revenue ambitions for a second time in a year o
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BYD's global expansion push runs into stiff Japan test

FOCUS-BYD's global expansion push runs into stiff Japan test BYD's expansion in Japan hindered by consumer scepticism Automaker faces subsidy cuts in Japan, increase in marketing costs BYD aims for 100 quick chargers in Japan by end of next year By Daniel Leussink YOKOHAMA, Japan, Sept 5 (Reuters) - BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese aut
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Volvo Cars abandons 2030 only target

UPDATE 5-Volvo Cars abandons 2030 EV-only target Volvo Cars drops 2030 as target for fully electric lineup Says plug-in hybrids will be critical part of profit growth Demand for EV's has slowed Shares fall more than 7% Adds comments from head of strategy, graphic on EV vs hybrids By Marie Mannes STOCKHOLM, Sept 4 (Reuters) - Swedish automaker Volvo Cars VOLCARb.ST scrapped its target of going all electric by 2030 on Wednesday, saying it now expected to still be offering some hybrid models in its
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