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Actualités

UAW's stinging loss in Alabama won't kill national organizing effort

ANALYSIS-UAW's stinging loss in Alabama won't kill national organizing effort By Nora Eckert VANCE, Alabama, May 17 (Reuters) - The United Auto Workers failed in its effort to organize a Mercedes-Benz MBGn.DE plant in Alabama, but the loss on Friday was a good result for a first effort in a historically anti-union state, labor professors and analysts said.
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Auto File: Musk’s Data Diplomacy, Tesla’s Motown Blues 

Auto File: Musk’s Data Diplomacy, Tesla’s Motown Blues  Joe White Global Autos Correspondent joe.white@thomsonreuters.com Greetings from the Motor City! In the Carpathian mountains of Romania, there’s a mountain road with fantastic twists and turns that is regarded as one of the best drives in the world. But today, the Transfagarasan highway’s kinks will serve as a visual metaphor for the state of the auto industry, and especially its most valuable player, Tesla.
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Daimler Truck and Volvo intend to form software joint venture

Daimler Truck and Volvo intend to form software joint venture May 17 (Reuters) - German truck maker Daimler Truck DTGGe.DE and Sweden's Volvo VOLVb.ST intend to form a joint venture to develop a software-defined vehicle platform and dedicated truck operating system, the two companies said on Friday. The new company would be a 50/50 joint venture, with the deal expected to close by the first quarter of 2025, according to a preliminary non-binding agreement.
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Daimler Truck And Volvo To Form Joint Venture For A Software-Defined Vehicle Platform

BRIEF-Daimler Truck And Volvo To Form Joint Venture For A Software-Defined Vehicle Platform May 17 (Reuters) - DAIMLER TRUCK HOLDING AG DTGGe.DE : DAIMLER TRUCK HOLDING AND VOLVO GROUP INTEND TO FORM A JOINT VENTURE FOR A SOFTWARE-DEFINED VEHICLE PLATFORM TO AMPLIFY DIGITAL TRANSFORMATION NEW COMPANY IS INTENDED TO BE A 50/50 JOINT VENTURE TO BE HE
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Volvo Group And Daimler Truck To Form JV For Software-Defined Vehicle Platform

BRIEF-Volvo Group And Daimler Truck To Form JV For Software-Defined Vehicle Platform May 17 (Reuters) - Volvo AB VOLVb.ST : VOLVO GROUP AND DAIMLER TRUCK INTEND TO FORM A JOINT VENTURE FOR A SOFTWARE-DEFINED VEHICLE PLATFORM TO AMPLIFY DIGITAL TRANSFORMATION NEW COMPANY IS INTENDED TO BE A 50/50 JOINT VENTURE TO BE HEADQUARTERED IN GOTHENBURG, SWED
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China's Nio aims to launch one new car model per year under Onvo brand

UPDATE 3-China's Nio aims to launch one new car model per year under Onvo brand Adds details of costs, revenue from paragraph 7 onward SHANGHAI, May 16 (Reuters) - Chinese electric vehicle maker Nio 9866.HK said on Thursday it would launch one new model per year under its lower-priced Onvo brand and price them similarly to gasoline vehicles, as the firm expands its lineups to family cars in the country's overcrowded auto market.
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A China EV trade war threatens Biden's clean-car agenda

ANALYSIS-A US-China EV trade war threatens Biden's clean-car agenda By Joseph White, Chris Kirkham and Nora Eckert DETROIT, May 14 (Reuters) - The Biden administration's plan to slap heavy new tariffs on Chinese electric vehicles and batteries would provide temporary protection for U.S. auto jobs, potentially at the expense of White House efforts to fight climate change by accelerating U.S.
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How hard will new Biden tariffs hit China?

EXPLAINER-How hard will new Biden tariffs hit China? By Ellen Zhang and Sarah Wu BEIJING, May 13 (Reuters) - U.S. President Joe Biden is set to announce new China tariffs as soon as Tuesday, targeting sectors including electric vehicles, medical supplies and solar equipment, according to people familiar with the matter. The expected move by the Biden administration comes ahead of the November presidential election .
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Iveco promises smooth CEO transition as truckmaker beats forecasts in Q1

UPDATE 3-Iveco promises smooth CEO transition as truckmaker beats forecasts in Q1 Adj industrial EBIT beats forecast at 201 mln euros in Q1 Margin on adj industrial EBIT up 170 bps to 6.1% Industrial revenue flat in Q1 at 3.283 bln euros Reduces negative industrial cash flow, confirms FY forecasts Shares up 6%, best performer among Italy's blue chips Retops to lead on upcoming CEO change MILAN, May 10 (Reuters) - Iveco Group's IVG.MI leadership transition will be smooth and will not affect targe
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Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions

UPDATE 1-Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions Adds Amazon executive comment in paragraph 7, Volvo executive comment in paragraph 9, Forum Mobility executive comment in paragraph 12 By Lisa Baertlein LOS ANGELES, May 7 (Reuters) - Amazon.com AMZN.O on Tuesday unveiled the first of a dozen Volvo electric big rigs it plans to deploy this year to pick up cargo from the nation's busiest container seaport in Southern California.
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Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions

Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions By Lisa Baertlein LOS ANGELES, May 7 (Reuters) - Amazon.com AMZN.O on Tuesday will unveil the first of a dozen Volvo electric big rigs it plans to deploy this year to pick up cargo from the nation's busiest container seaport in southern California. The e-commerce giant said it already has eight of those semi trucks in use at the Los Angeles/Long Beach port complex, where every so-called drayage truck must be zero-
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U.S. STOCKS TC Energy, Cloudflare, Coterra Energy

BUZZ-U.S. STOCKS ON THE MOVE-TC Energy, Cloudflare, Coterra Energy Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes advanced on Friday after a softer-than-expected jobs report revived hopes of the Federal Reserve cutting interest rates this year, while gains in Apple and Amgen also helped.
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U.S. STOCKS Copper miners, Rivian, Union Pacific Corp

BUZZ-U.S. STOCKS ON THE MOVE-Copper miners, Rivian, Union Pacific Corp Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes advanced on Friday after a softer-than-expected jobs report revived hopes of the Federal Reserve cutting interest rates this year, while gains in Apple and Amgen on upbeat corporate updates added support.
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Rivian rises after hiring Volvo exec Varela as operations chief

BUZZ-Rivian rises after hiring Volvo exec Varela as operations chief ** Shares of EV startup Rivian Automotive RIVN.O rise 2.2% to $10.05 ** Co names Swedish truck maker Volvo's VOLVb.ST deputy CEO and COO Javier Varela as its COO ** Varela will join RIVN in August after an eight-year stint at Volvo ** On Thursday, RIVN said it received $827 mln in
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EV startup Rivian hires Volvo veteran Varela as operations chief

EV startup Rivian hires Volvo veteran Varela as operations chief May 3 (Reuters) - Rivian Automotive RIVN.O named Javier Varela its chief operating officer on Friday, bolstering its ranks with the Volvo veteran as the electric-vehicle startup expands its production facility even as it grapples with a slowdown in demand. Volvo VOLVb.ST said earlier this week that Varela would leave the Swedish truck maker after an eight-year stint that saw him rise to the role of deputy CEO and COO in 2022. He wi
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Weakness in Europe drives down Daimler Truck shares

UPDATE 3-Weakness in Europe drives down Daimler Truck shares Adds analyst comment in paragraphs 4-6 and 11-12, CEO in paragraphs 9-10 By Louis van Boxel-Woolf and Isabel Demetz May 3 (Reuters) - Daimler Truck DTGGe.DE shares fell as much as 6.5% on Friday as the German truck and busmaker highlighted weakness in its European market after reporting first-quarter results that beat forecasts.
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Auto File: In Beijing, the Future is Now 

Auto File: In Beijing, the Future is Now  Joe White Global Autos Correspondent joe.white@thomsonreuters.com Greetings from the Motor City! And by Motor City, I do mean Detroit. It’s important to clarify because this week, at least, Beijing can make a strong case that it is the new Motor City. This week’s Beijing Auto Show in the capital of the world’s largest auto market (no disrespect Shanghai) is a gigawatt powered display of the Chinese auto industry’s new muscle.
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VW's trucks arm Traton posts higher sales even as markets normalise

UPDATE 2-VW's trucks arm Traton tops forecasts even as markets normalise Adds Q1 operating profit in paragraph 4, shares and analyst comment in 5, outlook in 8 By Eva Orsolya Papp and Tristan Veyet April 26 (Reuters) - Volkswagen's truck making unit Traton 8TRA.DE beat first-quarter sales and profit forecasts on Friday, helped by a rise in average prices, even as demand weakens after a strong 2023. "Demand in the European truck business continued to normalize.
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VW's trucks arm Traton posts higher sales even as markets normalise

VW's trucks arm Traton posts higher sales even as markets normalise April 26 (Reuters) - Volkswagen's trucks arm Traton 8TRA.DE reported a 5% jump in first-quarter sales revenue on Friday, citing a favourable product and market mix and improved unit price realisation. The German truckmaker's sales revenue grew to 11.8 billion euros ($12.65 billion) in the January-March quarter, beating analysts' estimate of 11.2 billion euros in a poll by Vara Research.
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Polestar speeds plans to make more cars outside China as China tensions rise

UPDATE 1-Polestar speeds plans to make more cars outside China as EU-China tensions rise Adds clarification that Polestar CEO said last year the South Carolina plant would supply European as well as U.S. markets BEIJING, April 24 (Reuters) - Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive PSNY.O is accelerating efforts to produce more vehicles outside China in view of rising geopolitical tensions, its CEO said.
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