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EU set to disclose tariff rates for Chinese electric vehicles

EU set to disclose tariff rates for Chinese electric vehicles By Philip Blenkinsop BRUSSELS, June 10 (Reuters) - The European Commission is this week expected to disclose the tariffs it plans to impose on Chinese electric vehicles (EVs) due to what it says are excessive subsidies, a move likely to prompt stern words and possible retaliation from Beijing.
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Trimming risk exposure as BOJ, Fed loom

MORNING BID ASIA-Trimming risk exposure as BOJ, Fed loom By Jamie McGeever June 10 (Reuters) - A look at the day ahead in Asian markets. Asian markets on Monday get their first chance to react to the global market fallout from Friday's U.S. employment report, which saw the biggest one-day rise in Treasury yields and the dollar in two months. Traders also pared back Fed rate cut expectations - the probability of a pre-election rate cut is now no more than 50-50, and two full rate cuts are no long
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Volvo shifting EV production to Belgium to avoid China tariffs, The Times reports

UPDATE 1-Volvo shifting EV production to Belgium to avoid China tariffs, The Times reports Adds Volvo's response in paragraphs 6-8 June 9 (Reuters) - Volvo Car VOLCARb.ST has started to shift production of Chinese-made electric vehicles to Belgium in anticipation that the European Union will crack down on Beijing-subsidised imports, the Times reported on Saturday.
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Volvo shifting EV production to Belgium to avoid China tariffs, The Times reports

CORRECTED-Volvo shifting EV production to Belgium to avoid China tariffs, The Times reports Corrects wording of headline June 9 (Reuters) - Volvo cars VOLCARb.ST has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidised imports, the Times reported on Saturday.
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Asmi, Beiersdorf, SSE

CORRECTED-EUROPE RESEARCH ROUNDUP-Asmi, Beiersdorf, SSE Corrects Greenyard NV entry to say KBC Securities raises target price to EUR 9.5 from EUR 8.5 (not 6.30) and Arcadis NV entry to say KBC Securities cuts (not raises) to 'accumulate' from 'buy'; raises target price to EUR 66 from EUR 61 (not 61.7 June 7 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Asmi, Beiersdorf and SSE, on Friday.
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SoftBank-backed Tempus AI seeks up to $6.1 bln valuation in US IPO

UPDATE 2-SoftBank-backed Tempus AI seeks up to $6.1 bln valuation in US IPO Adds background and details on competitors, customers and funding in paragraphs 4-10 June 5 (Reuters) - Tempus AI, backed by Japanese tech investment firm SoftBank Group 9984.T , is targeting a valuation of up to $6.10 billion for its U.S. initial public offering, nearly three years after the genetics-testing company laid the ground for its listing.
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Auto File: Testing Times for Toyota

Auto File: Testing Times for Toyota June 4 (Reuters) - Nick Carey European Autos Correspondent nick.carey@thomsonreuters.com Greetings from London! This is my first day taking the Auto File over from its creator, Joe White. Talk about filling big shoes. We’re all immensely happy for Joe that he’s driven off into the sunset to enjoy retirement.
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Volvo to issue world's first EV battery passport ahead of EU rules

Volvo to issue world's first EV battery passport ahead of EU rules By Nick Carey LONDON, June 4 (Reuters) - Volvo Cars is launching the world's first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to start production, the Swedish automaker told Reuters.
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Reuters Events: Wanted - Customers for electric truck fleets

Reuters Events: Wanted - Customers for electric truck fleets By Lisa Baertlein ATLANTA, May 24 (Reuters) - U.S. trucking firms say a government-mandated transition from diesel to electric big rigs could end up costing them big money if customers are not willing to pay a premium for zero-emissions shipping services. Executives at several fleet owners told Reuters they have had trouble persuading clients to pay more for use of their electric trucks, with most prioritizing money over shining up the
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US business equipment borrowings up 17% in April, ELFA says

US business equipment borrowings up 17% in April, ELFA says May 22 (Reuters) - U.S. companies borrowed 17% more to finance equipment investments in April compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday. Companies signed up for new loans, leases and lines of credit worth $11 billion in April, up 18% from a month ago.
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BMW imported 8,000 vehicles into US with parts from banned Chinese supplier, Senate report says

UPDATE 2-BMW imported 8,000 vehicles into US with parts from banned Chinese supplier, Senate report says Adds Volkswagen statement in paragraph 16 By David Shepardson WASHINGTON, May 20 (Reuters) - German automaker BMW BMWG.DE imported at least 8,000 Mini Cooper vehicles into the United States with electronic components from a banned Chinese supplier, a U.S.
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UAW's stinging loss in Alabama won't kill national organizing effort

RPT-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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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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