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France, Germany test water on US green subsidies

PREVIEW-France, Germany test water on US green subsidies Adds details, reporting bylines By Christian Kraemer and Victoria Waldersee BERLIN, Feb 2 (Reuters) - Germany's Economy Minister Robert Habeck and French Finance Minister Bruno Le Maire will head to Washington next week to press concerns about U.S. climate subsidies and urge a favourable treatment of European businesses.
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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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Chinese battery firm CATL aims to raise $5 bln in Swiss listing -sources

Chinese battery firm CATL aims to raise $5 bln in Swiss listing -sources By Julie Zhu and Scott Murdoch Feb 1 (Reuters) - China's CATL 300750.SZ , the world's largest battery maker, is planning to raise at least $5 billion by listing global depositary receipts in Switzerland as early as May, according to two sources with direct knowledge of the matter.
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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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Wolfspeed to build $3-bln EV chip plant in Germany, subsidy approval expected in months

UPDATE 7-Wolfspeed to build $3-bln EV chip plant in Germany, subsidy approval expected in months Adds comments from press conference by Olaf Scholz, Wolfspeed CEO By Andreas Rinke, Victoria Waldersee and Ilona Wissenbach BERLIN/FRANKFURT, Feb 1 (Reuters) - U.S. chipmaker Wolfspeed WOLF.N will build a $3-billion chip plant and a research and development centre in Germany, it said on Wednesday, expecting to start construction within months provided it receives subsidy approval from the European Un
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Ex-US VP Gore's fund among ABB car charging business' new investors

UPDATE 2-Ex-US VP Gore's fund among ABB car charging business' new investors adds detail, background By John Revill ZURICH, Feb 1 (Reuters) - ABB ABBN.S has sold more of its electric vehicle (EV) charging business to four investors includ ing a fund linked to former U.S. Vice President Al Gore , the Swiss engineering company said on Wednesday. The investors paid 325 million Swiss francs ($355 million) for a combined 12% stake in the E-Mobility business in a second and final private placement bef
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Porsche SE Invests In ABB E-Mobility

BRIEF-Porsche SE Invests In ABB E-Mobility Feb 1 (Reuters) - Porsche SE: PORSCHE SE: INVESTS IN ABB E-MOBILITY Source text: https://bit.ly/3RubGdS Further company coverage: ABBN.S Reporting by Paul Carrel
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Slow roll brings Aurrigo to self-driving airport baggage dollies

Slow roll brings Aurrigo to self-driving airport baggage dollies By Nick Carey COVENTRY, England, Feb 1 (Reuters) - UK auto supplier Aurrigo International Plc AURR.L made a conscious decision nearly a decade ago to develop slow-moving autonomous vehicles (AVs) in order to conserve cash, which has led to a focus on automating baggage dollies for loading planes at airports.
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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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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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Volkswagen considering battery cell factory in Ontario -Handelsblatt

UPDATE 3-Volkswagen considering battery cell factory in Ontario -Handelsblatt Adds link to lobby register BERLIN, Jan 31 (Reuters) - Volkswagen VOWG_p.DE is looking at setting up a battery cell factory in Ontario, Germany's Handelsblatt business daily reported on Tuesday, adding the Canadian province had offered investments and other incentives. Five entries from this month are listed in a lobby register of the province for Volkswagen, including one that mentions Volkswagen Chief Executive Olive
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'They fire, we hire' - Germany seizes on Silicon Valley's woes

'They fire, we hire' - Germany seizes on Silicon Valley's woes By Rene Wagner and Jan Schwartz BERLIN, Jan 30 (Reuters) - Faced with a tight labour market and a shortage of workers with key software engineering skills, some German companies are looking at thousands of layoffs in Silicon Valley as an opportunity to recruit top talent. The U.S. West Coast has always been the main destination for ambitious software engineers looking to work in the best-paid, most elite corner of their profession, b
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Motor racing-Audi takes minority stake in Swiss-based Sauber Group

Motor racing-Audi takes minority stake in Swiss-based Sauber Group Jan 30 (Reuters) - Audi has taken a minority stake in the Sauber Group whose Swiss-based Formula One team are due to become the German car manufacturer's factory outfit from 2026. Sauber said in a statement on Monday that, as planned, the Volkswagen-owned brand took the stake this month but gave no financial details.
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Toyota defends title as world's top-selling automaker in 2022

Toyota defends title as world's top-selling automaker in 2022 TOKYO, Jan 30 (Reuters) - Toyota Motor Corp 7203.T sold 10.5 million vehicles in 2022, it said on Monday, defending its title as the world's top-selling automaker for a third straight year. Global sales for the group, including truck unit Hino Motors 7205.T and small-car maker Daihatsu, inched down 0.1% as record overseas sales of 8.6 million vehicles helped offset a 9.6% dip in its home market to 1.9 million.
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Motor racing-Alfa Romeo F1 team announce co-title partnership with Stake

Motor racing-Alfa Romeo F1 team announce co-title partnership with Stake Jan 27 (Reuters) - The Alfa Romeo Formula One team announced a multi-year co-title partnership with online casino and sports betting platform Stake on Friday as previous Polish sponsor PKN Orlen switched to rivals AlphaTauri. Stake also sponsor English Premier League soccer side Everton.
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For automakers, the EV surge is everything everywhere all at once

WRAPUP 1-For automakers, the EV surge is everything everywhere all at once By Joseph White DETROIT, Jan 26 (Reuters) - The surprise leadership shuffle on Thursday at Toyota Motor Corp 7203.T , renewed urgency at Renault RENA.PA and Nissan Motor Co 7201.T to restructure their alliance and Elon Musk's declaration that Tesla Inc TSLA.O will be the world's No.
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Mobileye expects smooth ride in 2023 as customers lap up autonomous tech

UPDATE 4-Mobileye expects smooth ride in 2023 as customers lap up autonomous tech Adds STMicro's results, updates shares Jan 26 (Reuters) - Mobileye Global Inc MBLY.O forecast fiscal 2023 revenue higher than analysts' projections and delivered better-than-expected earnings in the fourth quarter, as vehicle makers lapped up its driver-assistance technology.
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Toyota without Toyoda takes a small step forward

BREAKINGVIEWS-Toyota without Toyoda takes a small step forward The author is a Reuters Breakingviews columnist. The opinions expressed are their own. Refiles to tweak advisory. HONG KONG, Jan 26 (Reuters Breakingviews) - Akio Toyoda, grandson of the founder of the world’s largest automaker, is handing over his title as Toyota 7203.T president, which effectively means chief executive, to Koji Sato.
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Motor racing-Alunni Bravi appointed Alfa Romeo F1 team representative

Motor racing-Alunni Bravi appointed Alfa Romeo F1 team representative Jan 26 (Reuters) - The Alfa Romeo Formula One team on Thursday appointed Italian Alessandro Alunni Bravi as their representative, a role comparable to principal, under new Sauber Group CEO Andreas Seidl. Alunni Bravi is also managing director of the Sauber Group that runs the Swiss-based team.
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Truck maker Volvo warns of lingering supply strains

UPDATE 4-Truck maker Volvo warns of lingering supply strains Quarterly operating profit up almost 21% Result was slightly below analyst expectations Shares down 3% Adds detail, CFO comment By Marie Mannes Jan 26 (Reuters) - Swedish truck maker AB Volvo's VOLVb.ST supply chain struggles are set to linger, it said on Thursday after reporting fourth-quarter core profit close to analyst expectations .
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