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Italy car sales up 18.96% y/y in January - ministry

BRIEF-Italy car sales up 18.96% y/y in January - ministry Feb 1 (Reuters) - Italy's transport ministry says: ITALY CAR SALES UP 18.96% Y/Y IN JANUARY - TRANSPORT MINISTRY STELLANTIS HELD 33.89% OF ITALY CAR MARKET IN JANUARY - REUTERS CALCULATIONS Further company coverage: BMWG.DE Reporting by Milan Newsroom
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The heavy weight of earnings misses

LIVE MARKETS-The heavy weight of earnings misses STOXX 600 up 0.3% All eyes on Fed S&P 500 futures dip 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 THE HEAVY WEIGHT OF EARNINGS MISSES (1252 GMT) An earnings miss is likely to weigh on a company's shares in any season, but the divergence in relative performance between a beat and a miss looks particularly wide in Europe this qua
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India raises tax on imported cars, motorbikes, including EVs

India raises tax on imported cars, motorbikes, including EVs Vehicle taxes in world's No. 3 car market among highest globally Tesla shelved plans in '22 to enter the market due to high taxes Auto, motorbike tax hikes aimed at boosting Indian manufacturing By Shivam Patel and Aditi Shah NEW DELHI, Feb 1 (Reuters) - India on Wednesday said it will raise taxes on imported cars and motorbikes, including electric vehicles (EVs), as it seeks to boost local manufacturing in line with Prime Minister Nar
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Why high rates are not so bad for EU periphery

LIVE MARKETS-Why high rates are not so bad for EU periphery STOXX 600 up 0.2% All eyes on Fed U.S. stock futures dip 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 WHY HIGH RATES ARE NOT SO BAD FOR EU PERIPHERY (1138 GMT) While it’s true that Southern Europe’s highly indebted countries will bear the brunt of a high rates regime, analysts often forget that those countries hav
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Reading the technicals: no new Wall Street lows ahead

LIVE MARKETS-Reading the technicals: no new Wall Street lows ahead STOXX 600 up 0.2% All eyes on Fed U.S. stock futures dip 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 READING THE TECHNICALS: NO NEW WALL STREET LOWS AHEAD (1020 GMT) With U.S.
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Europe’s autos have weak defences against China

BREAKINGVIEWS-Europe’s autos have weak defences against China The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By Neil Unmack and Katrina Hamlin LONDON/HONG KONG, Feb 1 (Reuters Breakingviews) - China has been a golden goose for western carmakers like Volkswagen VOWG_p.DE and BMW BMWG.DE . But increasingly it is looking like a threat.
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Travel names support STOXX as insurers drag

LIVE MARKETS-Travel names support STOXX as insurers drag STOXX 600 up 0.2% All eyes on Fed U.S. stock futures dip 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 TRAVEL NAMES SUPPORT STOXX AS INSURERS DRAG (0912 GMT) European shares are faring better than earlier futures trading suggested, with the STOXX 600 .STOXX moving as much as 0.5% higher in early trading.
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Lights, camera, action

LIVE MARKETS-Lights, camera, action 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 LIGHTS, CAMERA, ACTION (0747 GMT) Global markets face their biggest test so far this year as the Federal Reserve appears poised to hint of an end to interest rate hikes at its meeting on Wednesday.
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European futures muted as central bank bonanza looms

LIVE MARKETS-European futures muted as central bank bonanza looms 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 EUROPEAN FUTURES MUTED AS CENTRAL BANK BONANZA LOOMS (0722 GMT) European shares are set for a muted start to Wednesday, though the mood permeating markets is anything but ahead of the outcome of the Fed's two-day meeting later on, euro zone inflation data and more ear
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Investments flow to automated vehicles in non-auto settings

FACTBOX-Investments flow to automated vehicles in non-auto settings Feb 1 (Reuters) - Corporate and private investors have turned from funding autonomous trucks and passenger cars to companies and applications in a variety of non-automotive settings, from construction and mining to airports and agriculture. Among them: Company: Aurrigo AURR.L Headq
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Investors go back to basics with simpler self-driving vehicles

FOCUS-Investors go back to basics with simpler self-driving vehicles By Nick Carey and Paul Lienert COVENTRY, England, Feb 1 (Reuters) - Developing fully autonomous vehicles (AVs) that can go everywhere has proven harder and more expensive than expected, but investors are continuing to fund startups that target simpler self-driving vehicle solutions far removed from pedestrians and other vehicles operated by unpredictable humans.
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BMW raises prices for some models in China on higher costs

BMW raises prices for some models in China on higher costs SHANGHAI, Feb 1 (Reuters) - German automaker BMW BMWG.DE said on Wednesday it had raised suggested retail prices for some models sold in China effective immediately because of higher raw material and logistics costs globally. The German carmaker increased the manufacturer's suggested retail prices (MSRP) of 17 models in China including its 5 series sedans and X5 crossovers, Shanghai Securities News reported.
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BMW evaluates more EVs for India amid growing demand

BMW evaluates more EVs for India amid growing demand By Nathan Gomes BENGALURU, Jan 31 (Reuters) - BMW BMWG.DE is evaluating the launch of more battery electric vehicles (EVs) in India, amid growing demand from luxury car buyers, Vikram Pawah, country president at the German carmaker, told Reuters in an interview. "We are going to have 25 electrified products (globally) by the end of 2023, of which half of them will be fully electrified.
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Siemens: With The Foundation Of The Joint Venture Cofinity-X, Ten Partners Of The Automotive Industry Will Further Foster The Adoption Of The Catena-X Network

BRIEF-Siemens: With The Foundation Of The Joint Venture Cofinity-X, Ten Partners Of The Automotive Industry Will Further Foster The Adoption Of The Catena-X Network Jan 31 (Reuters) - Bayerische Motoren Werke AG BMWG.DE : SIEMENS: WITH THE FOUNDATION OF THE JOINT VENTURE COFINITY-X, TEN PARTNERS OF THE AUTOMOTIVE INDUSTRY WILL FURTHER FOSTER THE AD
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Germany needs more baseload power for vital industrial reboot : Maguire

RPT-COLUMN-Germany needs more baseload power for vital industrial reboot : Maguire Repeats with no change to text. The opinions expressed here are those of the author, a columnist for Reuters. By Gavin Maguire LITTLETON, Colo., Jan 31 (Reuters) - Europe's main industrial engine - Germany - may be entering a recession after its economy shrank in the final quarter of 2022. The 0.2% quarter-on-quarter contraction in gross domestic product is a shallower decline than many economists had feared in ea
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Russian carmaker Avtotor launches production of Chinese Kaiyi cars

Russian carmaker Avtotor launches production of Chinese Kaiyi cars Jan 30 (Reuters) - Russian carmaker Avtotor on Monday said it has begun production of Chinese Kaiyi cars at its plant in Kaliningrad, Russia's exclave on the Baltic coast. The company said in a statement that it's preparing to start sales of the Kaiyi model E5 early this year and launch production of another three models by the end of the year.
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ArcelorMittal leads $120 mln funding for green steel tech firm

ArcelorMittal leads $120 mln funding for green steel tech firm By Isla Binnie NEW YORK, Jan 26 (Reuters) - ArcelorMittal MT.LU has led the latest, $120 million round of investment for Boston Metal in the startup's quest to go to market by 2026 with equipment capable of taking the heavy greenhouse gas emissions out of steel production, the companies said.
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Car production to dip 20% by 2026 due to chip shortage - study

Car production to dip 20% by 2026 due to chip shortage - study BERLIN, Jan 26 (Reuters) - Some 20% fewer cars are to be produced worldwide by 2026 due to a lack of semiconductors if no measures are taken to counter the problem, Germany's VDA auto association said on Thursday, citing a study it had commissioned. The study found that the chip shortage had led to a 9% drop in global car production in 2021, the VDA added in a statement.
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SAP to cut 3,000 jobs, explore Qualtrics stake sale

UPDATE 2-SAP to cut 3,000 jobs, explore Qualtrics stake sale To cut around 2.5% of global workforce Sees 300-350 mln euros savings run-rate in 2024 SAP exploring sale of 71% stake in Qualtrics Adds details on layoffs, CEO and CFO comments By Kirsti Knolle and Supantha Mukherjee BERLIN/STOCKHOLM, Jan 26 (Reuters) - SAP SAPG.DE said on Thursday it planned to cut 3,000 jobs, or 2.5% of its global workforce, and explore the sale of its remaining stake in Qualtrics, as the Germany software company lo
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BMW I Ventures Leads Series A Round Of $13 Million In Ampeco

BRIEF-BMW I Ventures Leads Series A Round Of $13 Million In Ampeco Jan 25 (Reuters) - BMW i Ventures : BMW I VENTURES - LEADS SERIES A ROUND OF $13 MILLION IN AMPECO Further company coverage: BMWG.DE
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