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Porsche

Noticias

Reuters - Hace 16 horas

China trade tensions cast shadow on automakers' investment plans, TomTom CEO says

China trade tensions cast shadow on automakers' investment plans, TomTom CEO says By Mathias de Rozario Oct 11 (Reuters) - Trade tensions between China and the West have put a dampener on carmakers' investment decisions and longer-term outlooks, creating a level of uncertainty in the industry, the CEO of digital mapping specialist TomTom said on Friday.
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Reuters - Hace 17 horas

STOXX 600 touches 1-week high; China stimulus, earnings eyed

UPDATE 2-STOXX 600 touches 1-week high; China stimulus, earnings eyed For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Investors await further details on China's stimulus Little reaction in French stocks after budget Stellantis drops as CEO Tavares to retire Moody's cuts Volkswagen's outlook to 'negative' Updated at 1543 GMT By Paolo Laudani, Sruthi Shankar and Johann M Cherian Oct 11 (Reuters) - European stocks reversed early losses and
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Reuters - Hace 18 horas

Volkswagen Q3 deliveries down, confirming challenges to European auto sector

Volkswagen Q3 deliveries down, confirming challenges to European auto sector Oct 11 (Reuters) - Volkswagen Group VOWG_p.DE reported a 7% decline in third-quarter global deliveries on Friday, showing the extent of challenges faced by the European auto sector. Europe's top automaker is undergoing a major revamp as it considers German plant closures for the first time due to weak European demand, competition from China, challenges presented by vehicle electrification, and high production costs in G
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Reuters - Hace 18 horas

Northvolt in talks for about 200 million euros in funding, sources say

EXCLUSIVE-Northvolt in talks for about 200 million euros in funding, sources say Northvolt seeks 200 million euros to stabilise finances short-term Scania spearheads talks, BMW not involved in fundraising Northvolt faces production issues and competition from China German government says Heide factory project unaffected Adds details on funding in 5th and 11th paragraphs, Scania and BMW in paragraphs 14-17 and context in 4th paragraph and paragraphs 20-21, German govt spox in graphs 18-19 By Anou
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Reuters - Hace 20 horas

Porsche's nine-month China sales plunge by third

Porsche's nine-month China sales plunge by third STUTTGART, Oct 11 (Reuters) - German sports car maker Porsche P911_p.DE on Friday posted a 29% nine-month sales drop in China, joining peers BMW BMWG.DE and Mercedes MBGn.DE in reporting weaker results in the country. The slump in China, the world's biggest car market, and the ongoing model revamp weighed on the overall result, with global sales falling by 7% to 226,026 units in January-September.
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Reuters - Hace 1 día

Tesla to give permanent jobs to 500 temporary staff at German gigafactory

UPDATE 1-Tesla to give permanent jobs to 500 temporary staff at German gigafactory New throughout, adds details, background and comments from Tesla FRANKFURT, Oct 10 (Reuters) - Tesla TSLA.O on Thursday said it would give permanent jobs from Nov. 1 to 500 temporary workers at its German gigafactory near Berlin, in what the U.S. electric carmaker called an " optimistic assessment of the further development of e-car production" .
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Reuters - Hace 1 día

Northvolt seeks to sell redundant battery materials to raise cash, sources say

EXCLUSIVE -Northvolt seeks to sell redundant battery materials to raise cash, sources say Northvolt attempts to sell raw materials, sources say Move is latest effort to improve financial position Co is Europe's main hope for a homegrown EV battery maker Raw materials director left in Sept. Company declines to comment on supply chain strategy By Pratima Desai and Marie Mannes LONDON/STOCKHOLM, Oct 10 (Reuters) - Sweden's Northvolt is trying to sell off its stockpile of battery-making materials, t
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Reuters - Hace 2 días

Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Updates Unilever Oct 10 (Reuters) - Many Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault R
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Reuters - Hace 2 días

BMW and Mercedes quarterly sales drop on weak China

WRAPUP 2-BMW and Mercedes quarterly sales drop on weak China Adds details about model performance and China's retaliatory measures in paragraphs 7-8 and 11-12 Q3 sales down 13% at BMW, down 3% at Mercedes Both report lower sales in China BEV sales fall at Mercedes, rise at BMW By Andrey Sychev and Miranda Murray BERLIN, Oct 10 (Reuters) - Sluggish demand and stiff competition in China hit third quarter sales at BMW BMWG.DE and Mercedes MBGn.DE , the German luxury automakers said on Thursday.
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Reuters - Hace 2 días

China's Chery assembles cars in Russian plants vacated by Western rivals

EXCLUSIVE-China's Chery assembles cars in Russian plants vacated by Western rivals China's Chery assembles cars in three Russian plants Plants used to be owned by rivals that left Russia Chery car sales in Russia growing fast, data shows Chinese brands account for over half Russia's new car sales By Gleb Stolyarov and Alexander Marrow Oct 10 (Reuters) - Chinese carmaker Chery has started assembling cars in Russia for sale in the country at three factories vacated by Western rivals including Volk
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Reuters - Hace 3 días

Renault up as analysts flag positive signs from pre-close call

BUZZ-Renault up as analysts flag positive signs from pre-close call ** Shares in Renault RENA.PA rise 3% as analysts flag positive commentary from the French carmaker's pre-close call on Tuesday ** "Renault seems to be doing very, very well," analysts at Stifel say ** "Confounding bears who have extrapolated Stellantis' STLAM.MI recent results, Ren
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Reuters - Hace 3 días

STOXX 600 closes higher with focus on interest rate cuts, US data

UPDATE 2-STOXX 600 closes higher with focus on interest rate cuts, US data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Continental up after upbeat Q3 comments Focus on U.S. inflation data, earnings Banks underperform, led by ING STOXX 600 up 0.6% Updated at 1606 GMT By Paolo Laudani, Sruthi Shankar and Johann M Cherian Oct 9 (Reuters) - European stocks settled higher on Wednesday, bouncing from losses in the previous session as inve
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Reuters - Hace 3 días

Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute

EXCLUSIVE-Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute EU rejected China's proposal for minimum price on imported EVs EU tariffs on China-made EVs start Oct. 31 unless deal reached China imposed temporary anti-dumping duties on EU brandy imports Adds detail on EV prices in Europe vs China in paragraphs 6 to 9 BERLIN/SHANGHAI/BRUSSELS, Oct 8 (Reuters) - Brussels rejected a proposal by the Chinese government for imported electric vehicles made in China to be s
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Reuters - Hace 3 días

Spain grants $146 million subsidy to Stellantis for potential EV battery plant

Spain grants $146 million subsidy to Stellantis for potential EV battery plant MADRID, Oct 8 (Reuters) - Spain has granted automaker Stellantis STLAM.MI a 133 million euro ($146 million) subsidy for its potential battery-making plant near the northeastern city of Zaragoza, Industry Minister Jordi Hereu said on Tuesday. The grant is part of a government aid programme to foster the electric vehicle (EV) and battery industry using European Union pandemic relief funds.
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Reuters - Hace 4 días

Northvolt subsidiary files for bankruptcy after project pulled

REFILE-UPDATE 3-Northvolt subsidiary files for bankruptcy after project pulled Refiles Oct 8 story to remove extraneous letters 'corpd' from first paragraph STOCKHOLM, Oct 8 (Reuters) - A subsidiary of Sweden's Northvolt filed for bankruptcy on Tuesday after the project it was developing was cancelled, court filings showed, while the rest of the cash-strapped battery making group continued to consolidate operations.
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Reuters - Hace 4 días

Porsche to recall over 27,000 EVs in US over battery short circuit risk

UPDATE 1-Porsche to recall over 27,000 EVs in US over battery short circuit risk Updates throughout Oct 8 (Reuters) - Porsche P911_p.DE is recalling 27,527 electric sedans in the U.S. over concerns that they may face a short circuit within the battery module, the National Highway Traffic Safety Administration ( NHTSA) said on Tuesday. The recall affects Porsche's 2021-2024 Taycan models, NHTSA said.
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Reuters - Hace 4 días

Porsche Cars North America Is Recalling 27,527 U.S. Vehicles -NHTSA

BRIEF-Porsche Cars North America Is Recalling 27,527 U.S. Vehicles -NHTSA Oct 8 (Reuters) - PORSCHE CARS NORTH AMERICA IS RECALLING 27,527 U.S. VEHICLES AS HIGH-VOLTAGE BATTERY MAY EXPERIENCE A SHORT CIRCUIT WITHIN BATTERY MODULE -NHTSA Source: https://tinyurl.com/yu4ju2df
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Reuters - Hace 4 días

China's brandy duties depress shares of makers of spirits, luxury and cars

UPDATE 2-China's brandy duties depress shares of makers of spirits, luxury and cars Recasts with more sectors impacted, updates shares, adds comments on cars sector By Leo Marchandon and Ozan Ergenay Oct 8 (Reuters) - China's provisional anti-dumping duties on brandy imports from the European Union (EU) depressed spirit makers' shares on Tuesday with knock-on effects for luxury and auto brands as concern grew Beijing could extend its trade measures.
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Reuters - Hace 4 días

Northvolt says subsidiary files for bankruptcy after project pulled

UPDATE 2-Northvolt says subsidiary files for bankruptcy after project pulled Adds quote, detail, background in paragraphs 6-10 OSLO, Oct 8 (Reuters) - Sweden's Northvolt said on Tuesday that one of its subsidiaries had filed for bankruptcy after the project it was developing was cancelled, while the rest of the cash-strapped battery making group continued to consolidate operations.
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Reuters - Hace 5 días

Varta secures $65 mln from Porsche and shareholder Tojner

UPDATE 1-Varta secures $65 mln from Porsche and shareholder Tojner adds more details and context in paragraphs 2,4 GDANSK, Oct 7 (Reuters) - Varta VAR1.DE secured 60 million euros ($65.89 million) in financing from Porsche AG P911_p.DE and major shareholder Michael Tojner to cover its debt, the struggling German battery maker said on Monday. The agreement is subject to antitrust approval, and Varta expects to finalise its restructuring plan this month and then have it confirmed by the restructur
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